$28000 Debt Consolidation Loan – Tunica Mississippi, Credit Rating Of 694
- Experian: 704 – This client had a good Experian score
- Transunion: 677 – Lyn had a good credit rating with Transunion.
- Equifax: Lyn’s Experian score was 694, which is a good credit rating on the Experian rating scheme.
Before applying for this debt consolidation loan, Lyn had an Experian score of 704, which is good, so Northwest Bank most likely cannot provide Lyn a debt consolidation loan
Installment loan for Lyn, a graduate of inlingua Metro New York and a plumber working for over $66,000 per year
Lyn, an alumnus at inlingua Metro New York and a plumber in Tunica, Mississippi wants a debt consolidation loan to purchase a new cell phone. Lyn has instead decided to get an installment loan for $15,000 and is currently seeking lenders like Peoples Bank of Durant to provide it.
Previous requests on Lyn’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$123670.00||4||9.2%||$3089.29||Peoples Bank of Durant||December 27, 2013|
|$123890.00||10||6.3%||$1394.17||Holmes County Bank & Trust Company||July 26, 2014|
|$124270.00||6||8.4%||$2203.21||The Bank of Sebastopol||May 26, 2015|
|$124370.00||3||5.8%||$3772.32||Merchants & Planters Bank||June 11, 2015|
|$123840.00||11||7.5%||$1380.57||Citizens Bank||July 26, 2015|
Personal Loan for a plumber named Lyn in Tunica, Mississippi to Pay Off Glens Falls National Bank & Trust Platinum Edition Visa Card
Lyn had a tonne of credit card debt on their Tompkins Trust Company Visa Business Bonus Rewards Card and their Brooks Brothers Credit Card, and they were starting to get in over their heads. Despite Lyn’s job as a plumber, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Fast Loans for Lyn in Tunica, Mississippi to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Tunica, Mississippi aren’t actually that difficult to obtain, especially if you have some gumption like Lyn. Lyn was able to find a fast loan for $28000 from Trustmark National Bank and Trustmark National Bank, but turned down both offers in favor of their debt consolidation loan from Northwest Bank. 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 5 weeks for installment loans. Much better in the case that a client is in a time sensitive situation.
When Lyn was 22, they attempted to obtain a student loan from 4 alternate banks, which harmed their credit score. Below is a chronology of Lyn’s prior attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on June 18, 2011
- Attempt 2) Loan for $36,000.00 on January 11, 2011
- Attempt 3) Loan for $35,000.00 on May 28, 2012
- Attempt 4) Loan for $21,000.00 on December 19, 2012
Lyn was not approved by Bank of Crenshaw 6 times prior to being accepted by Northwest Bank at Main Street
On August 8, 2010, Lyn inquired about borrowing $2,000 from The First National Bank of Canton with Stacee, their friend from just outside Tunica, and even with the co-signer, Lyn was rejected for this debt consolidation loan. With good credit, it can be challenging to procure financing, even with collateral and a co-signer.
Contact Details for Northwest Bank, the provider of this debt consolidation loan
- Northwest Bank
- City: Tunica
- State: Mississippi
- Address: Main Street
- County: Tunica
- Zip code: 38676
- Full name (Changed if requested): Lyn Ballerini
- Current Credit: loans.hit.utils.Fico@5cb0d902
- Current City: Tunica
- State: Mississippi
- Zip code: 38684
- Yearly income: $63,000
- Current Job: plumber
- Current County: Tunica
- Goal Yearly Income: $103,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
9 Months Ago, Lyn Attempted to Find a High Risk Loan for $33,000.00, and it was Easy
It is an well known struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Lyn. Lyn decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit clients. Borrowers with credit scores as low as 329 can inquire for a high risk loan and may be be accepted.
Signature Loan acquired in Tunica, Mississippi for $28000 with good credit by Lyn
A lot of clients struggle with obtaining signature loans in Tunica, Mississippi, and Lyn is no exception. Lyn went to 5 lenders or more prior to finding Northwest Bank, who offered Lyn a signature loan for $28000. Most signature loans simply need a client, like Lyn’s signature to get them, up to $20,000 in some cases. Lyn was able to get $28000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans do not require a cosigner, these loans generally require improved credit, as high as 720
Paraphrased and Standardized Quote from Lyn for this debt consolidation loan of $28000, provided by Northwest Bank
Hi, I am Lyn and I’m from Tunica in Mississippi. Tunica, county is where I grew up, and now I need a debt consolidation loan in Mississippi for $28000 to buy a car. It has been difficult, but Northwest Bank really came through for me with this loan for 6.7% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to Northwest Bank for giving me a chance and my good credit. It look me 7 years to build my credit to 694, and I won’t tarnish it any more. I am pleased with Find Texas Loans for helping me this far.
Lyn’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their plumber job and their future career as a computer science professor
Lyn has a very low current gross income, but has several of prospects
Lyn has always wanted to be a computer science professor, but would need attend inlingua Metro New York again to become one. Lyn has other prospects as well, including foreign exchange trader, reservation ticket agent, and computer aided design technician, which pay $52,000 through to $105,000 per year, at least. For this reason, we believe that Lyn can afford this debt consolidation loan of $28000.
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans range from $35,000.00 to $48,000.00. They are normally used to pay off existing high interest loans like credit cards. Lyn needed a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Lyn was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.8%.
Lyn’s Transunion score was altered by the debt consolidation loan loan, changing to 677 from 694, which is normal in our experience.
Many other requests for credit have been made by Lyn in the past, including one from Incommons Bank, N.A. in Tunica, Mississippi before Lyn was accepted for the $28000 by Northwest Bank
Lyn made 8 previous attempts to obtain a debt consolidation loan, 2 of which were with Incommons Bank, N.A., a bank in Tunica, Mississippi known to specialize in debt consolidation loans specifically. Before finding Northwest Bank, Lyn was very concerned due to their inexperience and good credit score.
Conclusion of Lyn’s debt consolidation loan
In the end, Lyn was able to find a debt consolidation loan for $28000 with an interest rate of 10.4% interest APR from Northwest Bank in Tunica, Mississippi repayable over 15 years from today.