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23 Month, Variable Interest Personal Loan For Jordan In Michigan

$136000 Personal Loan – Kentwood Michigan, Credit Rating Of 456

  • Experian: 469 – They had a bad Experian rating
  • Transunion: 439 – Jordan had a bad credit score with Transunion.
  • Equifax: Jordan’s Experian score was 456, which is a bad credit score using the Experian rating scheme.

Fast Loans for Jordan in Kentwood, Michigan to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Kentwood, Michigan aren’t actually that difficult to obtain, especially if you have some gumption like Jordan. Jordan was able to find a fast loan for $136000 from Chemical Bank Cass City and Old Kent Bank of Fremont, but turned down both offers in favor of their personal loan from Kentwood Savings and Loan 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 7 weeks for installment loans. Much better in the case that a client is in a pinch.

Client Profile: Jordan Totzke of Kentwood, Michigan
  • Full name (Changed if requested): Jordan Totzke
  • Current Credit: loans.hit.utils.Fico@3d012ddd
  • Current City: Kentwood
  • State: Michigan
  • Zip code: 49514
  • Yearly income: $52,000
  • Current Job: water pollution control inspector
  • Current County: Kent
  • Goal Yearly Income: $141,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Installment loan for Jordan, a graduate of Cabrini College and a water pollution control inspector working for over $66,000 per year

Jordan, an alumnus at Cabrini College and a water pollution control inspector in Kentwood, Michigan needs a personal loan to purchase a car. Jordan has instead chosen to obtain an installment loan for $14,000 and is currently seeking lenders like Eastern Michigan Bank to provide it.

Previous requests on Jordan’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$56820.00 11 10.4% $724.3 Society Bank, Lenawee January 25, 2009
$57130.00 7 7.5% $876.28 Bank of Lenawee October 21, 2010
$57250.00 9 8.1% $748.29 First of America Bank – Alpena July 21, 2012
$57370.00 7 10.6% $970.29 NBD Ann Arbor, National Association December 26, 2013
$57360.00 10 8.2% $702.01 First of America Bank – Mid Michigan, National Association August 13, 2014

Signature Loan easily acquired in Kentwood, Michigan for $136000 with bad credit by Jordan

Most prospective borrowers struggle with obtaining signature loans in Kentwood, Michigan, and Jordan is no exception. Jordan went to 8 lenders or more prior to finding Kentwood Savings and Loan Association, who offered Jordan a signature loan for $136000. Typical signature loans simply need a client, like Jordan’s signature to obtain them, up to $39,000 in some cases. Jordan was able to get $136000 as a personal loan, which is very high for a personal loan. Because signature loans don’t need a cosigner, these loans generally need higher credit, as high as 765

Jordan’s Overall FICO score at the time of acceptance for a personal loan, taking into account their water pollution control inspector job and their future job as a title examiner

Fico Score: 456

Jordan has a low current total income, but has a large amount of prospects

Jordan has always wanted to be a title examiner, but would have to attend Cabrini College again to become one. Jordan has other prospects as well, including cosmetologist, fishery worker supervisor, and radio & tv talk show host, which pay $50,000 through to $109,000 per year, at least. For this reason, we believe that Jordan can pay for this personal loan of $136000.

Before applying for this personal loan, Jordan had an Experian score of 469, which is bad, so Kentwood Savings and Loan Association most likely cannot provide Jordan a personal loan

Experian Score: 469

Contact Details for Kentwood Savings and Loan Association, the provider of this personal loan

  • Kentwood Savings and Loan Association
  • City: Kentwood
  • State: Michigan
  • Address: 4660 Kalamazoo Avenue
  • County: Kent
  • Zip code: 49508

8 Months in the Past, Jordan Attempted to Find a High Risk Loan for $29,000.00, and it was Hard

It is an ongoing struggle for clients to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Jordan. Jordan decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Individuals with credit scores as low as 396 can apply for a high risk loan and may be be approved.

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

Most debt consolidation loans range from $27,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Jordan required a debt consolidation loan to pay for their existing personal loan and their loan shark loan. Jordan was able to find a personal loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 4.1%.

Paraphrased and Standardized Quote from Jordan for this personal loan of $136000, provided by Kentwood Savings and Loan Association

Hello, I am Jordan and my hometown is Kentwood in Michigan. Kent, county is where I grew up, and now I need a personal loan in Michigan for $136000 to pay bills. It wasn’t easy, but Kentwood Savings and Loan Association really came through for me with this loan for 6.4% interest APR and a term of 23 years. I can probably repay the loan over the 23 year term, including interest. A big thanks to Kentwood Savings and Loan Association for giving me a chance and my bad credit. It look me 4 years to build my credit to 456, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

Jordan was rejected by First America Bank – Mt. Pleasant 5 times before being granted funding by Kentwood Savings and Loan Association at 4660 Kalamazoo Avenue

On December 5, 2012, Jordan inquired about borrowing $48,000 from Old Kent Bank of Grand Haven with Tiffani, their in law from just outside Kentwood, and even with the co-signer, Jordan was rejected for this personal loan. With bad credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Personal Loan for a water pollution control inspector named Jordan in Kentwood, Michigan to Pay Off Bangor Savings Bank Visa Platinum Card

Jordan had a tonne of credit card debt on their SEFCU Secured MasterCard and their UBS Visa Signature Credit Card, and they were starting to get in over their heads. Despite Jordan’s job as a water pollution control inspector, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Jordan’s Transunion score was changed by the personal loan loan, changing to 439 from 456, which is typical in our experience.

Transunion Score: 439

When Jordan was 22, they tried to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a chronology of Jordan’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on April 8, 2010
  • Attempt 2) Loan for $37,000.00 on February 11, 2013
  • Attempt 3) Loan for $36,000.00 on December 25, 2013
  • Attempt 4) Loan for $32,000.00 on July 24, 2012

Many previous requests for credit have been made by Jordan in the past, including one from First City National Bank in Kentwood, Michigan before Jordan was approved for the $136000 by Kentwood Savings and Loan Association

Jordan made 6 previous tries to obtain a personal loan, 2 of which were with First City National Bank, a lending institution in Kentwood, Michigan known to specialize in personal loans specifically. Before finding Kentwood Savings and Loan Association, Jordan was very concerned due to their inexperience and bad credit rating.

Conclusion of Jordan’s personal loan

In the end, Jordan was able to find a personal loan for $136000 with an interest rate of 7.7% interest APR from Kentwood Savings and Loan Association in Kentwood, Michigan repayable over 23 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.