$105000 Signature Loan – West Monroe Louisiana, Credit Rating Of 568
- Experian: 582 – This individual had a fair Experian rating
- Transunion: 551 – Heidy had a fair credit rating with Transunion.
- Equifax: Heidy’s Experian score was 568, which is a fair credit rating on the Experian system.
When Heidy was 20, they attempted to obtain a student loan from 6 different lenders, which harmed their credit score. Below is a list of Heidy’s prior attempts at finding a student loan:
- Attempt 1) Loan for $35,000.00 on September 15, 2012
- Attempt 2) Loan for $30,000.00 on January 26, 2010
- Attempt 3) Loan for $23,000.00 on September 23, 2011
- Attempt 4) Loan for $29,000.00 on October 22, 2013
- Attempt 5) Loan for $35,000.00 on December 25, 2008
- Attempt 6) Loan for $35,000.00 on May 19, 2009
Heidy was rejected by First National Bank of Houma 5 times before being granted funding by Twin City FSB at 3510 Cypress St
On June 26, 2010, Heidy inquired about borrowing $45,000 from The Highlands Bank with Elsie, their in law from just outside West Monroe, and even with the co-signer, Heidy was rejected for this signature loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $36,000.00 to $59,000.00. They are typically used to pay off existing high interest loans like credit cards. Heidy required a debt consolidation loan to pay for their existing signature loan and their credit card. Heidy was able to find a signature loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.1%.
Heidy’s Overall FICO score at the time of acceptance for a signature loan, taking into account their merchandise displayer job and their future job as a vending machine mechanic
Heidy has a very low current gross income, but has several of prospects
Heidy has always wanted to be a vending machine mechanic, but would need attend University of Alabama at Birmingham again to become one. Heidy has other possibilities as well, including golf course superintendent, nuclear equipment operation technician, and avionics technician, which pay $50,000 through to $93,000 per year, on average. Because of this, we think that Heidy can pay for this signature loan of $105000.
- Full name (Changed if requested): Heidy Hogstrum
- Current Credit: loans.hit.utils.Fico@64a294a6
- Current City: West Monroe
- State: Louisiana
- Zip code: 71299
- Yearly income: $40,000
- Current Job: merchandise displayer
- Current County: Ouachita
- Goal Yearly Income: $82,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $0
Personal Loan for a merchandise displayer named Heidy in West Monroe, Louisiana to Pay Off Five Star Bank Visa Business Bonus Rewards PLUS Card
Heidy had a tonne of credit card debt on their American Eagle Outfitters and their Fashion Bug Credit Card, and they were starting to get in over their heads. Despite Heidy’s job as a merchandise displayer, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Fast Loans for Heidy in West Monroe, Louisiana to prevent bankruptcy or harm from debt collectors.
Fast loans in West Monroe, Louisiana aren’t actually that difficult to obtain, especially if you have some finesse like Heidy. Heidy was able to find a fast loan for $105000 from Landmark Bank and Bank of Grand Cane, but declined both offers in favor of their signature loan from Twin City FSB. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference in the case that you are in a time sensitive situation.
Before applying for this signature loan, Heidy had an Experian score of 582, which is fair, so Twin City FSB probably cannot provide Heidy a signature loan
Previous requests on Heidy’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$80170.00||7||8.8%||$1281.74||Bank of Zachary||January 11, 2014|
|$80150.00||10||9.7%||$1045.92||Landmark Bank||May 29, 2014|
|$79540.00||7||10.6%||$1345.25||Bank of Gonzales||December 18, 2014|
|$80390.00||7||10.5%||$1355.43||The Highlands Bank||June 10, 2015|
|$80340.00||3||11.2%||$2637.84||Bank of Grand Cane||July 17, 2015|
Signature Loan acquired in West Monroe, Louisiana for $105000 with fair credit by Heidy
A lot of borrowers struggle with obtaining signature loans in West Monroe, Louisiana, and Heidy is the same. Heidy went to 8 lending institutions or more prior to finding Twin City FSB, who offered Heidy a signature loan for $105000. Most signature loans simply require a client, like Heidy’s signature to get them, up to $42,000 in some cases. Heidy was able to get $105000 as a signature loan, which is very high for a signature loan. Since signature loans don’t need a cosigner, these loans generally require improved credit, as high as 737
Installment loan for Heidy, a graduate of University of Alabama at Birmingham and a merchandise displayer working for over $66,000 per year
Heidy, an alumnus at University of Alabama at Birmingham and a merchandise displayer in West Monroe, Louisiana wants a signature loan to purchase something frivolous. Heidy has instead decided to get an installment loan for $4,000 and is currently seeking lenders like Washington Bank and Trust Company to process their request.
6 Months in the Past, Heidy Tried to Find a High Risk Loan for $27,000.00, but They Didn’t Find What They were Expecting
There is an well known struggle for borrowers to find 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 physically harmful to borrowers like Heidy. Heidy decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Borrowers with credit scores as low as 511 can inquire for a high risk loan and possibly can be approved.
Contact Details for Twin City FSB, the provider of this signature loan
- Twin City FSB
- City: West Monroe
- State: Louisiana
- Address: 3510 Cypress St
- County: Ouachita
- Zip code: 71294
Multiple past requests for credit have been made by Heidy in the past, including one from The Home National Bank in West Monroe, Louisiana before Heidy was approved for the $105000 by Twin City FSB
Heidy made 9 previous attempts to obtain a signature loan, 2 of which were with The Home National Bank, a bank in West Monroe, Louisiana known to specialize in signature loans specifically. Before finding Twin City FSB, Heidy was concerned due to their inexperience and fair credit rating.
Paraphrased and Standardized Quote from Heidy for this signature loan of $105000, provided by Twin City FSB
Hi, I am Heidy and I am from West Monroe in Louisiana. Ouachita, county is where I grew up, and now I need a signature loan in Louisiana for $105000 to buy a big ticket item. It wasn’t easy, but Twin City FSB really came through for me with this loan for 9.3% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to Twin City FSB for trusting me and my fair credit. It look me 8 years to build my credit to 568, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.
Heidy’s Transunion score was changed by the signature loan loan, changing to 551 from 568, which is typical in our experience.
Conclusion of Heidy’s signature loan
In the end, Heidy was able to find a signature loan for $105000 with an interest rate of 9.5% interest APR from Twin City FSB in West Monroe, Louisiana repayable over 15 years from now.