$16000 Personal Loan – Ringling Oklahoma, Credit Rating Of 649
- Experian: 662 – The client had a good Experian rating
- Transunion: 633 – Gil had a good credit rating with Transunion.
- Equifax: Gil’s Experian score was 649, which is a good credit rating using the Experian scale.
Installment loan for Gil, a graduate of Truman State University and a photoengravers working for over $70,000 per year
Gil, an alumnus at Truman State University and a photoengravers in Ringling, Oklahoma wants a personal loan to purchase a car. Gil has instead decided to obtain an installment loan for $3,000 and is currently seeking lenders like Bank of Vici to provide it.
Gil was not approved by United Oklahoma Bank 4 times prior to being accepted by Ringling State Bank at 225 West Main Street
On January 20, 2011, Gil inquired about borrowing $9,000 from The First State Bank, Willow, Okla. with Domitila, their in law from just outside Ringling, and even with the co-signer, Gil was rejected for this personal loan. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.
Fast Loans for Gil in Ringling, Oklahoma to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Ringling, Oklahoma aren’t actually that difficult to obtain, especially if you have some gumption like Gil. Gil was able to find a fast loan for $16000 from First State Bank and Bank of Vici, but turned down both offers in favor of their personal loan from Ringling State Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big difference if a borrower is in a time sensitive situation.
Contact Details for Ringling State Bank, the provider of this personal loan
- Ringling State Bank
- City: Ringling
- State: Oklahoma
- Address: 225 West Main Street
- County: Jefferson
- Zip code: 73456
Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans vary from $21,000.00 to $53,000.00. They are mainly used to pay off existing high interest loans like credit cards. Gil needed a debt consolidation loan to pay for their existing personal loan and their payday loan. Gil 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, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.2%.
Several previous requests for credit have been made by Gil in the past, including one from Great American Bank of Davie in Ringling, Oklahoma before Gil was approved for the $16000 by Ringling State Bank
Gil made 4 previous attempts to obtain a personal loan, 2 of which were with Great American Bank of Davie, a lender in Ringling, Oklahoma known to specialize in personal loans specifically. Before finding Ringling State Bank, Gil was concerned due to their inexperience and good credit score.
When Gil was 20, they attempted to obtain a student loan from 6 alternate banks, which damaged their credit score. Below is a chronology of Gil’s prior attempts at finding a student loan:
- Attempt 1) Loan for $34,000.00 on September 16, 2011
- Attempt 2) Loan for $32,000.00 on May 28, 2010
- Attempt 3) Loan for $34,000.00 on May 9, 2010
- Attempt 4) Loan for $25,000.00 on September 20, 2011
- Attempt 5) Loan for $27,000.00 on May 2, 2009
- Attempt 6) Loan for $39,000.00 on December 27, 2010
Previous requests on Gil’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$56250.00||4||11.6%||$1470.26||The First State Bank||November 1, 2013|
|$55770.00||5||7.3%||$1112.22||Security Bank and Trust Company||February 17, 2015|
|$56420.00||9||9.5%||$779.12||The First State Bank, Willow, Okla.||August 6, 2015|
|$56370.00||4||6.1%||$1326.44||Sooner State Bank||August 8, 2015|
|$56360.00||9||6.1%||$679.43||The Farmers State Bank||September 1, 2015|
Gil has a sad current gross income, but has a large amount of prospects
Gil has always wanted to be a camp director, but would have to attend Truman State University again to become one. Gil has other prospects as well, including musical instrument tuner, revenue agent, and high school administrator, which pay $58,000 through to $93,000 per year, on average. For this reason, we think that Gil can afford this personal loan of $16000.
Gil’s Overall FICO score at the time of acceptance for a personal loan, taking into account their photoengravers job and their future career as a camp director
Signature Loan found in Ringling, Oklahoma for $16000 with good credit by Gil
Most clients struggle with finding signature loans in Ringling, Oklahoma, and Gil is no different. Gil went to 6 lending institutions or more before finding Ringling State Bank, who offered Gil a signature loan for $16000. Most signature loans simply require a client, like Gil’s signature to get them, up to $41,000 in some cases. Gil was able to get $16000 as a personal loan, which is very high for a personal loan. Since signature loans don’t require a cosigner, they tend to need better credit, as high as 732
6 Months Ago, Gil Attempted to Find a High Risk Loan for $49,000.00, but They Didn’t Find What They were Expecting
There is an existing struggle for borrowers to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Gil. Gil decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Clients with credit ratings as low as 454 can apply for a high risk loan and have a chance to be approved.
- Full name (Changed if requested): Gil Bartholow
- Current Credit: loans.hit.utils.Fico@27973e9b
- Current City: Ringling
- State: Oklahoma
- Zip code: 73459
- Yearly income: $54,000
- Current Job: photoengravers
- Current County: Jefferson
- Goal Yearly Income: $86,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Personal Loan for a photoengravers named Gil in Ringling, Oklahoma to Pay Off Saratoga’s Community FCU Business Visa
Gil had a lot of credit card debt on their Canandaigua National Bank & Trust Secured Visa Card and their Jessica London Credit Card, and they were starting to get in over their heads. Despite Gil’s job as a photoengravers, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Before applying for this personal loan, Gil had an Experian score of 662, which is good, so Ringling State Bank likely cannot provide Gil a personal loan
Paraphrased and Standardized Quote from Gil for this personal loan of $16000, provided by Ringling State Bank
Hi, I am Gil and my hometown is Ringling in Oklahoma. Jefferson, county is where I grew up, and now I need a personal loan in Oklahoma for $16000 to buy a car. It wasn’t easy, but Ringling State Bank really came through for me with this loan for 6.2% interest APR and a term of 6 years. I will repay the loan over the 6 year term, including interest. A big thanks to Ringling State Bank for trusting me and my good credit. It look me 7 years to create my credit to 649, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.
Gil’s Transunion score was changed by the personal loan loan, changing to 633 from 649, which is normal in our experience.
Conclusion of Gil’s personal loan
In the end, Gil was able to find a personal loan for $16000 with an interest rate of 6.1% interest APR from Ringling State Bank in Ringling, Oklahoma repayable over 6 years from today.