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Inocencia Had Need For A High Risk Loan For $140000, Patoka, Illinois

$140000 High Risk Loan – Patoka Illinois, Credit Rating Of 634

  • Experian: 648 – They had a good Experian score
  • Transunion: 618 – Inocencia had a good credit score with Transunion.
  • Equifax: Inocencia’s Experian score was 634, which is a good credit score with the Experian scale.

Inocencia’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their insurance adjuster job and their future career as a medical administrative assistant

Fico Score: 634

Inocencia has a disappointing current yearly income, but has several of prospects

Inocencia has always wanted to be a medical administrative assistant, but would need attend Westminster College again to achieve it. Inocencia has other prospects as well, including ceiling tile installer, industrial therapist, and traffic agent, which pay $57,000 through to $106,000 per year, on average. For this reason, we think that Inocencia can afford this high risk loan of $140000.

Installment loan for Inocencia, a graduate of Westminster College and an insurance adjuster working for over $60,000 per year

Inocencia, an alumnus at Westminster College and an insurance adjuster in Patoka, Illinois wants a high risk loan to purchase something frivolous. Inocencia has instead chosen to obtain an installment loan for $15,000 and is at present seeking lenders like Drexel National Bank to provide it.

Signature Loan found in Patoka, Illinois for $140000 with good credit by Inocencia

Many borrowers have difficulty with obtaining signature loans in Patoka, Illinois, and Inocencia is the same. Inocencia went to 4 lending institutions or more before settling on First State Bank of Patoka, who offered Inocencia a signature loan for $140000. Most signature loans simply need a client, like Inocencia’s signature to get them, up to $42,000 in some cases. Inocencia was able to get $140000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not need collateral, these loans tend to need better credit, as high as 798

Client Profile: Inocencia Bavaro of Patoka, Illinois
  • Full name (Changed if requested): Inocencia Bavaro
  • Current Credit: loans.hit.utils.Fico@2957fcb0
  • Current City: Patoka
  • State: Illinois
  • Zip code: 62876
  • Yearly income: $47,000
  • Current Job: insurance adjuster
  • Current County: Marion
  • Goal Yearly Income: $132,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Contact Details for First State Bank of Patoka, the provider of this high risk loan

  • First State Bank of Patoka
  • City: Patoka
  • State: Illinois
  • Address: Marion Avenue And Rr Street
  • County: Marion
  • Zip code: 62875

Inocencia’s Transunion score was changed by the high risk loan loan, changing to 618 from 634, which is normal in our experience.

Transunion Score: 618

Before applying for this high risk loan, Inocencia had an Experian score of 648, which is good, so First State Bank of Patoka most likely cannot provide Inocencia a high risk loan

Experian Score: 648

Fast Loans for Inocencia in Patoka, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in Patoka, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Inocencia. Inocencia was able to find a fast loan for $140000 from Merchandise National Bank of Chicago and Byron Bank, but declined both offers in favor of their high risk loan from First State Bank of Patoka. 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 5 weeks for installment loans. A big difference if a borrower is in a time sensitive situation.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans vary from $28,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Inocencia needed a debt consolidation loan to pay for their existing high risk loan and their credit card. Inocencia was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.2%.

Multiple past requests for credit have been made by Inocencia in the past, including one from Southeast National Bank of Cocoa in Patoka, Illinois before Inocencia was accepted for the $140000 by First State Bank of Patoka

Inocencia made 5 previous attempts to obtain a high risk loan, 2 of which were with Southeast National Bank of Cocoa, a lender in Patoka, Illinois known to specialize in high risk loans specifically. Prior to finding First State Bank of Patoka, Inocencia was desperate due to their inexperience and good credit score.

7 Months in the Past, Inocencia Tried Finding a High Risk Loan for $43,000.00, and it was Hard

It is an existing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Inocencia. Inocencia decided not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Individuals with credit scores as low as 417 can inquire for a high risk loan and may be be approved.

Personal Loan for an insurance adjuster named Inocencia in Patoka, Illinois to Pay Off Ralphs Rewards Plus MasterCard

Inocencia had a lot of credit card debt on their Commerce Bank Special Connections Visa and their First Vineyard Prepaid MasterCard, and they were starting to get in over their heads. Despite Inocencia’s job as an insurance adjuster, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Inocencia for this high risk loan of $140000, provided by First State Bank of Patoka

Hi, I am Inocencia and my hometown is Patoka in Illinois. Marion, county is where I grew up, and now I need a high risk loan in Illinois for $140000 to avoid bankruptcy. It wasn’t easy, but First State Bank of Patoka really came through for me with this loan for 6.2% interest APR and a term of 3 years. I will repay the loan over the 3 year term, including interest. A big thanks to First State Bank of Patoka for trusting me and my good credit. It look me 9 years to create my credit to 634, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.

When Inocencia was 21, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a list of Inocencia’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on February 23, 2013
  • Attempt 2) Loan for $33,000.00 on July 22, 2013
  • Attempt 3) Loan for $21,000.00 on February 20, 2013
  • Attempt 4) Loan for $33,000.00 on August 9, 2010

Inocencia was not approved by The State Bank of Geneva 5 times before being accepted by First State Bank of Patoka at Marion Avenue And Rr Street

On May 17, 2010, Inocencia inquired about borrowing $35,000 from Community Banks of Shelby County with Nakisha, their friend from just outside Patoka, and even with the co-signer, Inocencia was rejected for this high risk loan. With good credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Previous requests on Inocencia’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$78780.00 9 9.4% $1083.69 The Gerber State Bank March 15, 2010
$79370.00 7 9.1% $1281.02 The Belvidere National Bank and Trust Company September 10, 2011
$78600.00 5 9.8% $1662.29 Commerce Bank October 31, 2012
$78690.00 11 6.8% $848.24 Byron Bank May 26, 2013

Conclusion of Inocencia’s high risk loan

In the end, Inocencia was able to find a high risk loan for $140000 with an interest rate of 7.0% interest APR from First State Bank of Patoka in Patoka, Illinois repayable over 3 years from today.

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.