$129000 Student Loan – Hilton Head Island South Carolina, Credit Score Of 443
- Experian: 461 – This client had a bad Experian rating
- Transunion: 430 – Tatum had a bad credit score with Transunion.
- Equifax: Tatum’s Experian score was 443, which is a bad credit score with the Experian rating scheme.
- Full name (Changed if requested): Tatum Nahas
- Current Credit: loans.hit.utils.Fico@21b8d17c
- Current City: Hilton Head Island
- State: South Carolina
- Zip code: 29933
- Yearly income: $35,000
- Current Job: retail inventory control analyst
- Current County: Beaufort
- Goal Yearly Income: $127,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans vary from $28,000.00 to $53,000.00. They are typically used to pay off existing high interest loans like credit cards. Tatum required a debt consolidation loan to pay for their existing student loan and their credit card. Tatum was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your bad, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.5%.
Installment loan for Tatum, a graduate of Kaplan Test Prep and a retail inventory control analyst working for over $73,000 per year
Tatum, an alumnus at Kaplan Test Prep and a retail inventory control analyst in Hilton Head Island, South Carolina needs a student loan to purchase a house. Tatum has instead chosen to obtain an installment loan for $8,000 and is currently seeking lenders like Carolina State Bank to process their request.
Tatum has a disappointing current total income, but has a high number of prospects
Tatum has always wanted to be an insurance lawyer, but would need attend Kaplan Test Prep again to become one. Tatum has other prospects as well, including food batchmaker, reservation ticket agent, and physics professor, which pay $52,000 through to $104,000 per year, at least. Because of this, we believe that Tatum can pay for this student loan of $129000.
Fast Loans for Tatum in Hilton Head Island, South Carolina to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Hilton Head Island, South Carolina aren’t actually that difficult to obtain, especially if you have some finesse like Tatum. Tatum was able to find a fast loan for $129000 from Anderson Brothers Bank and Anderson Brothers Bank, but turned down both offers in favor of their student loan from Old Colony Trust Company of South Carolina, National Association. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big difference if a client is in a pinch.
Before applying for this student loan, Tatum had an Experian score of 461, which is bad, so Old Colony Trust Company of South Carolina, National Association most likely cannot provide Tatum a student loan
When Tatum was 23, they attempted to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a chronology of Tatum’s prior attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on June 25, 2010
- Attempt 2) Loan for $34,000.00 on January 23, 2009
- Attempt 3) Loan for $38,000.00 on November 28, 2012
- Attempt 4) Loan for $20,000.00 on April 25, 2013
Personal Loan for a retail inventory control analyst named Tatum in Hilton Head Island, South Carolina to Pay Off Malvern Federal Savings Bank Visa Business Bonus Rewards Card
Tatum had a tonne of credit card debt on their Thomasville Credit Card and their KJAZZ Visa Card, and they were starting to get in over their heads. Despite Tatum’s job as a retail inventory control analyst, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Tatum’s Transunion score was changed by the student loan loan, changing to 430 from 443, which is normal in our experience.
Contact Details for Old Colony Trust Company of South Carolina, National Association, the provider of this student loan
- Old Colony Trust Company of South Carolina, National Association
- City: Hilton Head Island
- State: South Carolina
- Address: 23a Shelter Cove Lane
- County: Beaufort
- Zip code: 29928
Paraphrased and Standardized Quote from Tatum for this student loan of $129000, provided by Old Colony Trust Company of South Carolina, National Association
Hi, I am Tatum and I’m from Hilton Head Island in South Carolina. Beaufort, county is where I grew up, and now I need a student loan in South Carolina for $129000 to buy a big ticket item. It wasn’t easy, but Old Colony Trust Company of South Carolina, National Association really came through for me with this loan for 8.6% interest APR and a term of 18 years. I can repay the loan over the 18 year term, including interest. A big thanks to Old Colony Trust Company of South Carolina, National Association for giving me a chance and my bad credit. It look me 7 years to build my credit to 443, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.
Tatum’s Overall FICO score at the time of acceptance for a student loan, taking into account their retail inventory control analyst job and their future career as an insurance lawyer
Tatum was rejected by Countybank 4 times prior to being approved by Old Colony Trust Company of South Carolina, National Association at 23a Shelter Cove Lane
On November 12, 2010, Tatum applied about borrowing $44,000 from The Bank of Trenton with Orval, their friend from just outside Hilton Head Island, and even with the co-signer, Tatum was rejected for this student loan. With bad credit, it can be very hard to obtain financing, even with collateral and a co-signer.
8 Months Ago, Tatum Tried to Find a High Risk Loan for $47,000.00, and it was Easy
There is an existing struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Tatum. Tatum decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit borrowers. Borrowers with credit scores as low as 574 can inquire for a high risk loan and possibly can be accepted.
Signature Loan easily acquired in Hilton Head Island, South Carolina for $129000 with bad credit by Tatum
Many prospective borrowers struggle with obtaining signature loans in Hilton Head Island, South Carolina, and Tatum is no exception. Tatum went to 8 lending institutions or more before finding Old Colony Trust Company of South Carolina, National Association, who offered Tatum a signature loan for $129000. Most signature loans simply need a client, like Tatum’s signature to get them, up to $35,000 in some cases. Tatum was able to get $129000 as a student loan, which is very high for a student loan. Since signature loans don’t require collateral, they generally need improved credit, as high as 716
Multiple past requests for credit have been made by Tatum in the past, including one from Continental Pacific Bank in Hilton Head Island, South Carolina before Tatum was accepted for the $129000 by Old Colony Trust Company of South Carolina, National Association
Tatum made 4 previous attempts to obtain a student loan, 2 of which were with Continental Pacific Bank, a lending institution in Hilton Head Island, South Carolina known to specialize in student loans specifically. Prior to finding Old Colony Trust Company of South Carolina, National Association, Tatum was desperate due to their inexperience and bad credit score.
Previous requests on Tatum’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $32490.00 | 3 | 11.6% | $1072.94 | The Peoples Bank | May 11, 2009 |
| $32400.00 | 9 | 11.7% | $486.5 | The Commercial Bank | August 2, 2009 |
| $32230.00 | 6 | 8.3% | $569.83 | The Bank of Hartsville | July 14, 2012 |
| $32480.00 | 11 | 8.1% | $372.52 | Farmers and Merchants Bank of South Carolina | December 30, 2012 |
Conclusion of Tatum’s student loan
In the end, Tatum was able to find a student loan for $129000 with an interest rate of 11.8% interest APR from Old Colony Trust Company of South Carolina, National Association in Hilton Head Island, South Carolina repayable over 18 years from now.
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