$60000 Direct Loan – Breese Illinois, Credit Score Of 568
- Experian: 587 – The client had a fair Experian rating
- Transunion: 550 – Santana had a fair credit rating with Transunion.
- Equifax: Santana’s Experian score was 568, which is a fair credit rating on the Experian system.
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $39,000.00 to $43,000.00. They are mainly used to pay off existing high interest loans like credit cards. Santana required a debt consolidation loan to pay for their existing direct loan and their credit card. Santana was able to find a direct loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your bad, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.2%.
Contact Details for State Bank of Breese, the provider of this direct loan
- State Bank of Breese
- City: Breese
- State: Illinois
- Address: 101 North Page Street
- County: Clinton
- Zip code: 62230
Before applying for this direct loan, Santana had an Experian score of 587, which is fair, so State Bank of Breese likely cannot provide Santana a direct loan
When Santana was 22, they tried to obtain a student loan from 6 different lenders, which harmed their credit score. Below is a chronology of Santana’s previous attempts at finding a student loan:
- Attempt 1) Loan for $32,000.00 on August 18, 2009
- Attempt 2) Loan for $32,000.00 on May 19, 2013
- Attempt 3) Loan for $32,000.00 on March 3, 2013
- Attempt 4) Loan for $22,000.00 on January 24, 2010
- Attempt 5) Loan for $31,000.00 on February 20, 2012
- Attempt 6) Loan for $39,000.00 on April 25, 2011
Installment loan for Santana, a graduate of Paul Mitchell the School North Haven and an industrial designer working for over $72,000 per year
Santana, an alumnus at Paul Mitchell the School North Haven and an industrial designer in Breese, Illinois needs a direct loan to purchase a car. Santana has instead decided to obtain an installment loan for $21,000 and is at present seeking lenders like Bank One, Illinois, National Association to provide it.
Personal Loan for an industrial designer named Santana in Breese, Illinois to Pay Off Washington Nationals BankAmericard Cash Rewards MasterCard
Santana had a lot of credit card debt on their Amalgamated Bank MasterCard Gold Secured and their AirBP Flight Card, and they were starting to get in over their heads. Despite Santana’s job as an industrial designer, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Santana’s Transunion score was changed by the direct loan loan, changing to 550 from 568, which is normal in our experience.
Paraphrased and Standardized Quote from Santana for this direct loan of $60000, provided by State Bank of Breese
Hello, I am Santana and my hometown is Breese in Illinois. Clinton, county is where I grew up, and now I need a direct loan in Illinois for $60000 to renovate my home. It has been difficult, but State Bank of Breese really came through for me with this loan for 8.4% interest APR and a term of 24 years. I will repay the loan over the 24 year term, including interest. A big thanks to State Bank of Breese for giving me a chance and my fair credit. It look me 4 years to build my credit to 568, and I won’t tarnish it any more. I am pleased with Find Texas Loans for assisting me this far.
9 Months Ago, Santana Attempted to Find a High Risk Loan for $41,000.00, and it was Hard
There is an existing struggle for clients to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Santana. Santana chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Clients with credit ratings as low as 590 can inquire for a high risk loan and may be be accepted.
- Full name (Changed if requested): Santana Lindsay
- Current Credit: loans.hit.utils.Fico@1b9e1916
- Current City: Breese
- State: Illinois
- Zip code: 62234
- Yearly income: $57,000
- Current Job: industrial designer
- Current County: Clinton
- Goal Yearly Income: $81,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Many previous requests for credit have been made by Santana in the past, including one from Scottsburg Building and Loan Association in Breese, Illinois before Santana was accepted for the $60000 by State Bank of Breese
Santana made 6 previous attempts to obtain a direct loan, 2 of which were with Scottsburg Building and Loan Association, a lending institution in Breese, Illinois known to specialize in direct loans specifically. Prior to finding State Bank of Breese, Santana was concerned due to their inexperience and fair credit rating.
Previous requests on Santana’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$84220.00||4||11.5%||$2197.22||The Gerber State Bank||September 15, 2011|
|$83590.00||10||10.5%||$1127.92||The Belvidere National Bank and Trust Company||May 31, 2012|
|$84260.00||5||11.8%||$1865.81||Commerce Bank||January 27, 2014|
|$83560.00||5||11.8%||$1850.31||Byron Bank||March 19, 2014|
Santana was rejected by Commerce Bank 5 times prior to being accepted by State Bank of Breese at 101 North Page Street
On June 23, 2011, Santana applied about borrowing $5,000 from The Belvidere National Bank and Trust Company with Shae, their friend from just outside Breese, and even with the co-signer, Santana was rejected for this direct loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.
Signature Loan found in Breese, Illinois for $60000 with fair credit by Santana
Most clients have difficulty with finding signature loans in Breese, Illinois, and Santana is no different. Santana went to 4 lenders or more prior to settling on State Bank of Breese, who offered Santana a signature loan for $60000. Typical signature loans simply need a client, like Santana’s signature to obtain them, up to $45,000 in some cases. Santana was able to get $60000 as a direct loan, which is very high for a direct loan. Since signature loans do not need collateral, they generally need improved credit, as high as 796
Santana has a very low current gross income, but has a large amount of prospects
Santana has always wanted to be a textile designer, but would need attend Paul Mitchell the School North Haven again to become one. Santana has other possibilities as well, including farm labor contractor, telecommunications technician, and non-retail sales supervisor, which pay $50,000 through to $101,000 per year, on average. Because of this, we think that Santana can afford this direct loan of $60000.
Santana’s Overall FICO score at the time of acceptance for a direct loan, taking into account their industrial designer job and their future career as a textile designer
Fast Loans for Santana in Breese, Illinois to prevent bankruptcy or harm from debt collectors.
Fast loans in Breese, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Santana. Santana was able to find a fast loan for $60000 from Citizens State Bank of Milford and Merchandise National Bank of Chicago, but declined both offers in favor of their direct loan from State Bank of Breese. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. An improvement in the case that you are in a time sensitive situation.
Conclusion of Santana’s direct loan
In the end, Santana was able to find a direct loan for $60000 with an interest rate of 10.7% interest APR from State Bank of Breese in Breese, Illinois repayable over 24 years from today.