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$24000 Debt Consolidation Loan With Terrible Credit In Tuscaloosa Alabama

$24000 Debt Consolidation Loan – Tuscaloosa Alabama, Credit Score Of 398

  • Experian: 417 – This individual had a terrible Experian rating
  • Transunion: 384 – Alice had a terrible credit score with Transunion.
  • Equifax: Alice’s Experian score was 398, which is a terrible credit score using the Experian system.

Previous requests on Alice’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$91850.00 10 10.2% $1224.0 AuburnBank November 2, 2009
$92220.00 3 5.7% $2792.99 Bank of the South April 16, 2011
$91680.00 11 6.7% $983.49 Alabama City Bank of Gadsden, Alabama May 16, 2012
$91570.00 7 9.1% $1477.93 The Exchange Bank, Attalla, Alabama July 28, 2013

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $27,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Alice required a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Alice was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your bad, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.7%.

Client Profile: Alice Ven of Tuscaloosa, Alabama
  • Full name (Changed if requested): Alice Ven
  • Current Credit: loans.hit.utils.Fico@45fe3ee3
  • Current City: Tuscaloosa
  • State: Alabama
  • Zip code: 35405
  • Yearly income: $65,000
  • Current Job: vocational education teachers
  • Current County: Tuscaloosa
  • Goal Yearly Income: $124,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Personal Loan for a vocational education teachers named Alice in Tuscaloosa, Alabama to Pay Off Toys ‘R Us Platinum Mastercard

Alice had a lot of credit card debt on their TJX Rewards Credit Card and their RBC Visa Platinum Avion, and they were starting to get in over their heads. Despite Alice’s job as a vocational education teachers, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Alice’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their vocational education teachers job and their future job as a computer security specialist

Fico Score: 398

Contact Details for Tuscaloosa Federal Savings and Loan Association, the provider of this debt consolidation loan

  • Tuscaloosa Federal Savings and Loan Association
  • City: Tuscaloosa
  • State: Alabama
  • Address: 1101 Greensboro Ave
  • County: Tuscaloosa
  • Zip code: 35401

Paraphrased and Standardized Quote from Alice for this debt consolidation loan of $24000, provided by Tuscaloosa Federal Savings and Loan Association

Hi, I am Alice and my hometown is Tuscaloosa in Alabama. Tuscaloosa, county is where I grew up, and now I need a debt consolidation loan in Alabama for $24000 to pay bills. It wasn’t easy, but Tuscaloosa Federal Savings and Loan Association really came through for me with this loan for 10.4% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to Tuscaloosa Federal Savings and Loan Association for trusting me and my terrible credit. It look me 4 years to create my credit to 398, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.

Alice has a very low current total income, but has a high number of prospects

Alice has always wanted to be a computer security specialist, but would have to attend University of Arkansas at Little Rock again to become one. Alice has other possibilities as well, including order clerk, art, and parole officer, which pay $55,000 through to $109,000 per year, on average. Because of this, we think that Alice can afford this debt consolidation loan of $24000.

Alice was rejected by SouthTrust Bank of Central Alabama 7 times prior to being approved by Tuscaloosa Federal Savings and Loan Association at 1101 Greensboro Ave

On May 23, 2010, Alice inquired about borrowing $39,000 from The Exchange Bank, Attalla, Alabama with Leighann, their in law from just outside Tuscaloosa, and even with the co-signer, Alice was rejected for this debt consolidation loan. With terrible credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Signature Loan acquired in Tuscaloosa, Alabama for $24000 with terrible credit by Alice

Many clients have difficulty with finding signature loans in Tuscaloosa, Alabama, and Alice is no different. Alice went to 7 lenders or more prior to finding Tuscaloosa Federal Savings and Loan Association, who offered Alice a signature loan for $24000. Most signature loans simply need a client, like Alice’s signature to get them, up to $23,000 in some cases. Alice was able to get $24000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans do not need a cosigner, these loans generally need improved credit, as high as 758

Installment loan for Alice, a graduate of University of Arkansas at Little Rock and a vocational education teachers working for over $61,000 per year

Alice, an alumnus at University of Arkansas at Little Rock and a vocational education teachers in Tuscaloosa, Alabama needs a debt consolidation loan to purchase a house. Alice has instead decided to get an installment loan for $5,000 and is at present seeking lenders like The Bank of Berry to provide it.

When Alice was 24, they tried to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a chronology of Alice’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on February 20, 2010
  • Attempt 2) Loan for $33,000.00 on July 3, 2011
  • Attempt 3) Loan for $26,000.00 on December 31, 2013
  • Attempt 4) Loan for $33,000.00 on February 20, 2012
  • Attempt 5) Loan for $36,000.00 on August 26, 2011
  • Attempt 6) Loan for $32,000.00 on April 6, 2010

Fast Loans for Alice in Tuscaloosa, Alabama to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Tuscaloosa, Alabama aren’t actually that difficult to obtain, especially if you have some gumption like Alice. Alice was able to find a fast loan for $24000 from The Citizens Bank of Winfield and The Citizens Bank of Georgiana, but declined both offers in favor of their debt consolidation loan from Tuscaloosa Federal Savings and Loan Association. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference in the case that you are in a time sensitive situation.

Alice’s Transunion score was changed by the debt consolidation loan loan, changing to 384 from 398, which is typical in our experience.

Transunion Score: 384

Before applying for this debt consolidation loan, Alice had an Experian score of 417, which is terrible, so Tuscaloosa Federal Savings and Loan Association most likely cannot provide Alice a debt consolidation loan

Experian Score: 417

Multiple previous requests for credit have been made by Alice in the past, including one from Norwest Bank Wisconsin Northeast in Tuscaloosa, Alabama before Alice was accepted for the $24000 by Tuscaloosa Federal Savings and Loan Association

Alice made 9 previous tries to obtain a debt consolidation loan, 2 of which were with Norwest Bank Wisconsin Northeast, a bank in Tuscaloosa, Alabama known to specialize in debt consolidation loans specifically. Before finding Tuscaloosa Federal Savings and Loan Association, Alice was very concerned due to their inexperience and terrible credit score.

6 Months in the Past, Alice Tried to Find a High Risk Loan for $44,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Alice. Alice decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Borrowers with credit ratings as low as 513 can apply for a high risk loan and have a chance to be approved.

Conclusion of Alice’s debt consolidation loan

In the end, Alice was able to find a debt consolidation loan for $24000 with an interest rate of 11.1% interest APR from Tuscaloosa Federal Savings and Loan Association in Tuscaloosa, Alabama repayable over 24 years from today.

Will Alexander

Will Alexander has over 10 years of experience as a financial expert and writer. The goal of his work is to assist the people of Texas in finding loans for lower interest rates than they thought were possible. Will specializes in bad credit loans.

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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.