$180000 Student Loan – Farmersville Illinois, Credit Score Of 706
- Experian: 725 – They had a good Experian score
- Transunion: 690 – Teofila had a good credit rating with Transunion.
- Equifax: Teofila’s Experian score was 706, which is a good credit rating with the Experian scale.
8 Months Ago, Teofila Attempted Finding a High Risk Loan for $43,000.00, but They Didn’t Find What They were Expecting
It is an ongoing struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Teofila. Teofila chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Individuals with credit ratings as low as 359 can inquire for a high risk loan and may be be approved.
Paraphrased and Standardized Quote from Teofila for this student loan of $180000, provided by State Bank of Farmersville
Hi, I am Teofila and I’m from Farmersville in Illinois. Montgomery, county is where I grew up, and now I need a student loan in Illinois for $180000 to buy a car. It wasn’t easy, but State Bank of Farmersville really came through for me with this loan for 10.4% interest APR and a term of 19 years. I can probably repay the loan over the 19 year term, including interest. A big thanks to State Bank of Farmersville for trusting me and my good credit. It look me 8 years to build my credit to 706, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.
Before applying for this student loan, Teofila had an Experian score of 725, which is good, so State Bank of Farmersville likely cannot provide Teofila a student loan
Installment loan for Teofila, a graduate of Henderson State University and a sales representatives working for over $66,000 per year
Teofila, an alumnus at Henderson State University and a sales representatives in Farmersville, Illinois wants a student loan to purchase a new cell phone. Teofila has instead decided to get an installment loan for $5,000 and is currently seeking lenders like Citizens State Bank of Milford to process their request.
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans range from $26,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Teofila required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Teofila was able to find a student loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your less desirable, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.7%.
Previous requests on Teofila’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$142110.00||5||10.6%||$3061.54||The Gerber State Bank||September 24, 2011|
|$141840.00||4||6.6%||$3370.27||The Belvidere National Bank and Trust Company||October 19, 2012|
|$142450.00||11||9.7%||$1759.36||Commerce Bank||July 21, 2013|
|$142110.00||9||7.5%||$1813.47||Byron Bank||June 25, 2014|
|$142210.00||11||7.8%||$1608.12||Amalgamated Bank of Chicago||December 29, 2014|
Teofila has a disappointing current gross income, but has a large amount of prospects
Teofila has always wanted to be an administrative law judge, but would have to attend Henderson State University again to become one. Teofila has other prospects as well, including foreign language teacher, child life specialist, and electrical technician, which pay $56,000 through to $90,000 per year, at least. Because of this, we believe that Teofila can pay for this student loan of $180000.
Teofila’s Transunion score was changed by the student loan loan, changing to 690 from 706, which is normal in our experience.
Contact Details for State Bank of Farmersville, the provider of this student loan
- State Bank of Farmersville
- City: Farmersville
- State: Illinois
- Address: 204 South Cleveland Street
- County: Montgomery
- Zip code: 62533
Teofila was declined by Byron Bank 5 times before being approved by State Bank of Farmersville at 204 South Cleveland Street
On June 14, 2011, Teofila applied about borrowing $12,000 from Uptown National Bank of Chicago with Dusty, their friend from just outside Farmersville, and even with the co-signer, Teofila was rejected for this student loan. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.
Personal Loan for a sales representatives named Teofila in Farmersville, Illinois to Pay Off Dress Barn Credit Card
Teofila had a lot of credit card debt on their Gymboree Visa Platinum Card and their Justice FCU Student Rewards Visa Card, and they were starting to get in over their heads. Despite Teofila’s job as a sales representatives, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Fast Loans for Teofila in Farmersville, Illinois to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Farmersville, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Teofila. Teofila was able to find a fast loan for $180000 from LaSalle Bank NI and Peoples National Bank of Kewanee, but declined both offers in favor of their student loan from State Bank of Farmersville. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. Much better in the case that a borrower is on the go.
When Teofila was 20, they attempted to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a chronology of Teofila’s previous attempts at finding a student loan:
- Attempt 1) Loan for $24,000.00 on July 12, 2012
- Attempt 2) Loan for $25,000.00 on April 16, 2010
- Attempt 3) Loan for $36,000.00 on August 5, 2011
- Attempt 4) Loan for $31,000.00 on July 5, 2011
- Attempt 5) Loan for $20,000.00 on August 2, 2009
Multiple other requests for credit have been made by Teofila in the past, including one from Southwest Financial Bank and Trust Company in Farmersville, Illinois before Teofila was approved for the $180000 by State Bank of Farmersville
Teofila made 7 prior attempts to obtain a student loan, 2 of which were with Southwest Financial Bank and Trust Company, a lender in Farmersville, Illinois known to specialize in student loans specifically. Before finding State Bank of Farmersville, Teofila was concerned due to their inexperience and good credit score.
Signature Loan acquired in Farmersville, Illinois for $180000 with good credit by Teofila
Most clients struggle with obtaining signature loans in Farmersville, Illinois, and Teofila is not an exception. Teofila went to 4 lenders or more before finding State Bank of Farmersville, who offered Teofila a signature loan for $180000. Typical signature loans simply require a client, like Teofila’s signature to get them, up to $28,000 in some cases. Teofila was able to get $180000 as a student loan, which is very high for a student loan. Since signature loans don’t need collateral, these loans tend to need improved credit, as high as 798
Teofila’s Overall FICO score at the time of acceptance for a student loan, taking into account their sales representatives job and their future career as an administrative law judge
- Full name (Changed if requested): Teofila Eck
- Current Credit: loans.hit.utils.Fico@7ab2bfe1
- Current City: Farmersville
- State: Illinois
- Zip code: 62542
- Yearly income: $35,000
- Current Job: sales representatives
- Current County: Montgomery
- Goal Yearly Income: $91,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Conclusion of Teofila’s student loan
In the end, Teofila was able to find a student loan for $180000 with an interest rate of 11.7% interest APR from State Bank of Farmersville in Farmersville, Illinois repayable over 19 years from today.