$45000 High Risk Loan – Jackson Tennessee, Credit Rating Of 541
- Experian: 551 – This client had a fair Experian score
- Transunion: 524 – Sheryl had a fair credit score with Transunion.
- Equifax: Sheryl’s Experian score was 541, which is a fair credit score using the Experian scale.
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Average debt consolidation loans vary from $21,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Sheryl needed a debt consolidation loan to pay for their existing high risk loan and their loan shark loan. Sheryl was able to find a high risk 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 reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.1%.
Signature Loan found in Jackson, Tennessee for $45000 with fair credit by Sheryl
A lot of prospective borrowers struggle with finding signature loans in Jackson, Tennessee, and Sheryl is no exception. Sheryl went to 7 lenders or more before settling on The National Bank of Commerce of Jackson, who offered Sheryl a signature loan for $45000. Typical signature loans simply require a client, like Sheryl’s signature to get them, up to $35,000 in some cases. Sheryl was able to get $45000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t need collateral, these loans generally need improved credit, as high as 762
Many previous requests for credit have been made by Sheryl in the past, including one from The First National Bank of East Liverpool in Jackson, Tennessee before Sheryl was accepted for the $45000 by The National Bank of Commerce of Jackson
Sheryl made 4 previous tries to obtain a high risk loan, 2 of which were with The First National Bank of East Liverpool, a bank in Jackson, Tennessee known to specialize in high risk loans specifically. Prior to finding The National Bank of Commerce of Jackson, Sheryl was desperate due to their inexperience and fair credit score.
- Full name (Changed if requested): Sheryl Gribble
- Current Credit: loans.hit.utils.Fico@4783da3f
- Current City: Jackson
- State: Tennessee
- Zip code: 38302
- Yearly income: $52,000
- Current Job: sales representative
- Current County: Madison
- Goal Yearly Income: $127,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Sheryl’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their sales representative job and their future job as a music director
Previous requests on Sheryl’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$44800.00||7||11.2%||$771.8||Citizens Bank||February 1, 2011|
|$45240.00||9||11.3%||$669.2||SunTrust Bank, Chattanooga, National Association||April 4, 2012|
|$45190.00||9||9.4%||$621.63||GreenBank||April 9, 2013|
|$45280.00||3||9.4%||$1448.34||CommunityFIRST Bank||September 16, 2013|
Sheryl has a sad current total income, but has a large amount of prospects
Sheryl has always wanted to be a music director, but would have to attend SUNY at Binghamton again to achieve it. Sheryl has other possibilities as well, including audiovisual production specialist, environmental planner, and hydraulic engineer, which pay $57,000 through to $109,000 per year, on average. For this reason, we think that Sheryl can pay for this high risk loan of $45000.
Before applying for this high risk loan, Sheryl had an Experian score of 551, which is fair, so The National Bank of Commerce of Jackson most likely cannot provide Sheryl a high risk loan
Sheryl was not approved by The Bank of Goodlettsville 4 times prior to being approved by The National Bank of Commerce of Jackson at 116-18 North Liberty Street
On June 24, 2011, Sheryl inquired about borrowing $41,000 from Bank of Madisonville with Phillis, their in law from just outside Jackson, and even with the co-signer, Sheryl was rejected for this high risk loan. With fair credit, it can be challenging to procure financing, even with collateral and a co-signer.
Fast Loans for Sheryl in Jackson, Tennessee to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Jackson, Tennessee aren’t actually that difficult to obtain, especially if you have some gumption like Sheryl. Sheryl was able to find a fast loan for $45000 from Peoples and Union Bank and First Tennessee Bank, but declined both offers in favor of their high risk loan from The National Bank of Commerce of Jackson. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if a client is in a pinch.
When Sheryl was 24, they attempted to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a list of Sheryl’s previous attempts at finding a student loan:
- Attempt 1) Loan for $30,000.00 on September 18, 2010
- Attempt 2) Loan for $34,000.00 on April 13, 2013
- Attempt 3) Loan for $28,000.00 on March 26, 2009
- Attempt 4) Loan for $21,000.00 on March 21, 2011
- Attempt 5) Loan for $28,000.00 on July 18, 2011
- Attempt 6) Loan for $34,000.00 on May 2, 2011
8 Months Ago, Sheryl Attempted Finding a High Risk Loan for $37,000.00, and it was Easy
There is an existing struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Sheryl. Sheryl decided not to get a high risk loan this time. High Risk loans are given to very low credit borrowers. Individuals with credit ratings as low as 458 can apply for a high risk loan and have a chance to be accepted.
Paraphrased and Standardized Quote from Sheryl for this high risk loan of $45000, provided by The National Bank of Commerce of Jackson
Hello, I am Sheryl and my hometown is Jackson in Tennessee. Madison, county is where I grew up, and now I need a high risk loan in Tennessee for $45000 to renovate my home. It has been difficult, but The National Bank of Commerce of Jackson really came through for me with this loan for 7.2% interest APR and a term of 13 years. I can repay the loan over the 13 year term, including interest. A big thanks to The National Bank of Commerce of Jackson for trusting me and my fair credit. It look me 4 years to build my credit to 541, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.
Personal Loan for a sales representative named Sheryl in Jackson, Tennessee to Pay Off Diners Club Carte Blanche Card
Sheryl had a lot of credit card debt on their KingSize Credit Card and their HomeGoods Credit Card, and they were starting to get in over their heads. Despite Sheryl’s job as a sales representative, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Installment loan for Sheryl, a graduate of SUNY at Binghamton and a sales representative working for over $70,000 per year
Sheryl, an alumnus at SUNY at Binghamton and a sales representative in Jackson, Tennessee wants a high risk loan to purchase a new cell phone. Sheryl has instead decided to obtain an installment loan for $13,000 and is at present seeking lenders like The Bank of Goodlettsville to process their request.
Contact Details for The National Bank of Commerce of Jackson, the provider of this high risk loan
- The National Bank of Commerce of Jackson
- City: Jackson
- State: Tennessee
- Address: 116-18 North Liberty Street
- County: Madison
- Zip code: 38301
Sheryl’s Transunion score was altered by the high risk loan loan, changing to 524 from 541, which is normal in our experience.
Conclusion of Sheryl’s high risk loan
In the end, Sheryl was able to find a high risk loan for $45000 with an interest rate of 11.3% interest APR from The National Bank of Commerce of Jackson in Jackson, Tennessee repayable over 13 years from now.