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$6000 Private Loan With Excellent Credit In Rome Georgia

$6000 Private Loan – Rome Georgia, Credit Rating Of 841

  • Experian: 854 – They had an excellent Experian rating
  • Transunion: 823 – Kate had an excellent credit score with Transunion.
  • Equifax: Kate’s Experian score was 841, which is an excellent credit score on the Experian rating scheme.
Client Profile: Kate Bochner of Rome, Georgia
  • Full name (Changed if requested): Kate Bochner
  • Current Credit: loans.hit.utils.Fico@7e774085
  • Current City: Rome
  • State: Georgia
  • Zip code: 30170
  • Yearly income: $65,000
  • Current Job: military officer
  • Current County: Floyd
  • Goal Yearly Income: $95,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Paraphrased and Standardized Quote from Kate for this private loan of $6000, provided by Home Federal Savings Bank

Hi, I am Kate and my hometown is Rome in Georgia. Floyd, county is where I grew up, and now I need a private loan in Georgia for $6000 to buy a big ticket item. It wasn’t easy, but Home Federal Savings Bank really came through for me with this loan for 7.2% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to Home Federal Savings Bank for trusting me and my excellent credit. It look me 4 years to build my credit to 841, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

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

Kate has always wanted to be a veterinarian, but would have to attend Central Methodist University again to become one. Kate has other prospects as well, including photoengravers, music director, and safety inspector, which pay $57,000 through to $93,000 per year, on average. For this reason, we think that Kate can pay for this private loan of $6000.

Personal Loan for a military officer named Kate in Rome, Georgia to Pay Off BankFIRST Visa Signature Card

Kate had a lot of credit card debt on their Peebles Credit Card and their National Geographic Platinum MasterCard, and they were starting to get in over their heads. Despite Kate’s job as a military officer, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan found in Rome, Georgia for $6000 with excellent credit by Kate

A lot of borrowers have difficulty with obtaining signature loans in Rome, Georgia, and Kate is the same. Kate went to 4 lenders or more before settling on Home Federal Savings Bank, who offered Kate a signature loan for $6000. Typical signature loans simply need a client, like Kate’s signature to get them, up to $21,000 in some cases. Kate was able to get $6000 as a private loan, which is very high for a private loan. Because signature loans don’t require collateral, they tend to require better credit, as high as 789

Kate’s Overall FICO score at the time of acceptance for a private loan, taking into account their military officer job and their future career as a veterinarian

Fico Score: 841

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

Average debt consolidation loans range from $21,000.00 to $55,000.00. They are normally used to pay off existing high interest loans like credit cards. Kate required a debt consolidation loan to pay for their existing private loan and their payday loan. Kate was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.1%.

8 Months in the Past, Kate Attempted to Find a High Risk Loan for $23,000.00, and it was Easy

There is an existing struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Kate. Kate decided not to get a high risk loan this time. High Risk loans are given to bad credit clients. Borrowers with credit scores as low as 501 can inquire for a high risk loan and have a chance to be accepted.

Multiple previous requests for credit have been made by Kate in the past, including one from American Bank of Edgerton in Rome, Georgia before Kate was accepted for the $6000 by Home Federal Savings Bank

Kate made 8 previous tries to obtain a private loan, 2 of which were with American Bank of Edgerton, a lending institution in Rome, Georgia known to specialize in private loans specifically. Prior to finding Home Federal Savings Bank, Kate was very concerned due to their inexperience and excellent credit rating.

Installment loan for Kate, a graduate of Central Methodist University and a military officer working for over $71,000 per year

Kate, an alumnus at Central Methodist University and a military officer in Rome, Georgia wants a private loan to purchase a new cell phone. Kate has instead chosen to get an installment loan for $20,000 and is at present seeking lenders like Bank of Morgan County to process their request.

Previous requests on Kate’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$73180.00 8 5.6% $947.5 NationsBank of Florida, National Association March 26, 2010
$73470.00 7 9.1% $1185.8 Century Bank and Trust July 2, 2012
$72770.00 5 7.5% $1458.16 Bank of Madison September 27, 2012
$73370.00 8 9.4% $1090.17 Bank of Hazlehurst October 4, 2012

Kate’s Transunion score was changed by the private loan loan, changing to 823 from 841, which is typical in our experience.

Transunion Score: 823

Kate was not approved by Roswell Bank 4 times before being accepted by Home Federal Savings Bank at 307 E Second Avenue

On July 1, 2012, Kate inquired about borrowing $6,000 from Bank of Madison with Shantae, their friend from just outside Rome, and even with the co-signer, Kate was rejected for this private loan. With excellent credit, it can be challenging to obtain funding, even with collateral and a co-signer.

When Kate was 24, they tried to obtain a student loan from 5 different banks, which harmed their credit score. Below is a chronology of Kate’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on August 1, 2009
  • Attempt 2) Loan for $20,000.00 on June 28, 2013
  • Attempt 3) Loan for $30,000.00 on June 7, 2009
  • Attempt 4) Loan for $38,000.00 on March 15, 2011
  • Attempt 5) Loan for $27,000.00 on October 20, 2010

Contact Details for Home Federal Savings Bank, the provider of this private loan

  • Home Federal Savings Bank
  • City: Rome
  • State: Georgia
  • Address: 307 E Second Avenue
  • County: Floyd
  • Zip code: 30161

Before applying for this private loan, Kate had an Experian score of 854, which is excellent, so Home Federal Savings Bank probably cannot provide Kate a private loan

Experian Score: 854

Fast Loans for Kate in Rome, Georgia to prevent bankruptcy or harm from debt collectors.

Fast loans in Rome, Georgia aren’t actually that difficult to obtain, especially if you have some gumption like Kate. Kate was able to find a fast loan for $6000 from First National Bank of Griffin and The Citizens and Southern Bank of Thomaston, but declined both offers in favor of their private loan from Home Federal Savings Bank. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big difference in the case that a client is in a time sensitive situation.

Conclusion of Kate’s private loan

In the end, Kate was able to find a private loan for $6000 with an interest rate of 9.2% interest APR from Home Federal Savings Bank in Rome, Georgia repayable over 12 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.