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Low Rate Unsecured Loan For Renetta In Decatur, Indiana

$140000 Unsecured Loan – Decatur Indiana, Credit Rating Of 328

  • Experian: 338 – This client had a terrible Experian rating
  • Transunion: 312 – Renetta had a terrible credit score with Transunion.
  • Equifax: Renetta’s Experian score was 328, which is a terrible credit rating on the Experian rating scheme.

Before applying for this unsecured loan, Renetta had an Experian score of 338, which is terrible, so Decatur Bank and Trust Company, National Association probably cannot provide Renetta an unsecured loan

Experian Score: 338

Renetta has a disappointing current yearly income, but has a large amount of prospects

Renetta has always wanted to be a pathologist, but would have to attend Doane College again to become one. Renetta has other prospects as well, including construction trades supervisor, conservation scientist, and exhibit designer, which pay $56,000 through to $105,000 per year, on average. Because of this, we think that Renetta can pay for this unsecured loan of $140000.

Renetta’s Transunion score was altered by the unsecured loan loan, changing to 312 from 328, which is normal in our experience.

Transunion Score: 312

Client Profile: Renetta Doljac of Decatur, Indiana
  • Full name (Changed if requested): Renetta Doljac
  • Current Credit: loans.hit.utils.Fico@378fd1ac
  • Current City: Decatur
  • State: Indiana
  • Zip code: 46742
  • Yearly income: $53,000
  • Current Job: field contractor
  • Current County: Adams
  • Goal Yearly Income: $132,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Previous requests on Renetta’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$140880.00 8 9.4% $2093.27 The Citizens Exchange Bank May 4, 2012
$140630.00 5 11.7% $3106.96 Alliance Bank September 26, 2014
$141150.00 5 10.6% $3040.86 Farmers State Bank December 12, 2014
$141300.00 3 8.7% $4473.6 First United Bank, National Association February 13, 2015

Renetta’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their field contractor job and their future career as a pathologist

Fico Score: 328

Multiple past requests for credit have been made by Renetta in the past, including one from Savings Bank of the Finger Lakes, FSB in Decatur, Indiana before Renetta was approved for the $140000 by Decatur Bank and Trust Company, National Association

Renetta made 5 prior attempts to obtain an unsecured loan, 2 of which were with Savings Bank of the Finger Lakes, FSB, a bank in Decatur, Indiana known to specialize in unsecured loans specifically. Prior to finding Decatur Bank and Trust Company, National Association, Renetta was desperate due to their inexperience and terrible credit rating.

Installment loan for Renetta, a graduate of Doane College and a field contractor working for over $67,000 per year

Renetta, an alumnus at Doane College and a field contractor in Decatur, Indiana needs an unsecured loan to purchase a house. Renetta has instead decided to get an installment loan for $15,000 and is currently seeking lenders like Orange County Bank to provide it.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans range from $24,000.00 to $44,000.00. They are mainly used to pay off existing high interest loans like credit cards. Renetta needed a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Renetta was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.7%.

Fast Loans for Renetta in Decatur, Indiana to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Decatur, Indiana aren’t actually that difficult to obtain, especially if you have some finesse like Renetta. Renetta was able to find a fast loan for $140000 from STAR, Financial Bank, Elwood and Norwest Bank Monticello, but declined both offers in favor of their unsecured loan from Decatur Bank and Trust Company, National Association. 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 5 weeks for installment loans. A big difference if a client is in a time sensitive situation.

Signature Loan easily acquired in Decatur, Indiana for $140000 with terrible credit by Renetta

Most prospective borrowers struggle with obtaining signature loans in Decatur, Indiana, and Renetta is not an exception. Renetta went to 4 lenders or more before settling on Decatur Bank and Trust Company, National Association, who offered Renetta a signature loan for $140000. Most signature loans simply require a client, like Renetta’s signature to get them, up to $25,000 in some cases. Renetta was able to get $140000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not require a cosigner, these loans generally need improved credit, as high as 756

When Renetta was 20, they tried to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Renetta’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $35,000.00 on May 18, 2010
  • Attempt 2) Loan for $26,000.00 on August 1, 2013
  • Attempt 3) Loan for $28,000.00 on April 12, 2009
  • Attempt 4) Loan for $20,000.00 on January 26, 2011

8 Months Ago, Renetta Tried Finding a High Risk Loan for $24,000.00, and it was Easy

It is an well known struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Renetta. Renetta chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit individuals. Borrowers with credit ratings as low as 407 can inquire for a high risk loan and may be be approved.

Renetta was rejected by Tri-County Bank & Trust Company 7 times before being accepted by Decatur Bank and Trust Company, National Association at 520 North 13th Street

On March 25, 2011, Renetta inquired about borrowing $41,000 from Tri-County Bank & Trust Company with Digna, their friend from just outside Decatur, and even with the co-signer, Renetta was rejected for this unsecured loan. With terrible credit, it can be challenging to procure financing, even with collateral and a co-signer.

Personal Loan for a field contractor named Renetta in Decatur, Indiana to Pay Off State Farm Bank Business Visa Card

Renetta had a lot of credit card debt on their Comerica Bank Visa Platinum Card and their Pier 1 Imports Rewards Card, and they were starting to get in over their heads. Despite Renetta’s job as a field contractor, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Renetta for this unsecured loan of $140000, provided by Decatur Bank and Trust Company, National Association

Hello, I am Renetta and my hometown is Decatur in Indiana. Adams, county is where I grew up, and now I need a unsecured loan in Indiana for $140000 to renovate my home. It wasn’t easy, but Decatur Bank and Trust Company, National Association really came through for me with this loan for 9.8% interest APR and a term of 5 years. I can repay the loan over the 5 year term, including interest. A big thanks to Decatur Bank and Trust Company, National Association for giving me a chance and my terrible credit. It look me 4 years to build my credit to 328, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Contact Details for Decatur Bank and Trust Company, National Association, the provider of this unsecured loan

  • Decatur Bank and Trust Company, National Association
  • City: Decatur
  • State: Indiana
  • Address: 520 North 13th Street
  • County: Adams
  • Zip code: 46733

Conclusion of Renetta’s unsecured loan

In the end, Renetta was able to find an unsecured loan for $140000 with an interest rate of 10.3% interest APR from Decatur Bank and Trust Company, National Association in Decatur, Indiana repayable over 5 years from now.

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.