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$16000 Signature Loan In Michigan City Indiana With Credit Score 542 For Chloe

$16000 Signature Loan – Michigan City Indiana, Credit Rating Of 542

  • Experian: 552 – This client had a fair Experian score
  • Transunion: 529 – Chloe had a fair credit rating with Transunion.
  • Equifax: Chloe’s Experian score was 542, which is a fair credit score using the Experian rating scheme.

Signature Loan acquired in Michigan City, Indiana for $16000 with fair credit by Chloe

Most prospective borrowers struggle with finding signature loans in Michigan City, Indiana, and Chloe is the same. Chloe went to 6 lending institutions or more before settling on Horizon Bank, National Association, who offered Chloe a signature loan for $16000. Typical signature loans simply need a client, like Chloe’s signature to get them, up to $27,000 in some cases. Chloe was able to get $16000 as a signature loan, which is very high for a signature loan. Since signature loans don’t need collateral, they generally need better credit, as high as 765

Before applying for this signature loan, Chloe had an Experian score of 552, which is fair, so Horizon Bank, National Association likely can provide Chloe a signature loan

Experian Score: 552

Personal Loan for an industrial-organizational psychologist named Chloe in Michigan City, Indiana to Pay Off Belk Rewards Card

Chloe had a lot of credit card debt on their Baltimore Orioles BankAmericard Cash Rewards MasterCard and their Founders FCU Platinum Business Visa, and they were starting to get in over their heads. Despite Chloe’s job as an industrial-organizational psychologist, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Several past requests for credit have been made by Chloe in the past, including one from Candor Savings and Loan Association in Michigan City, Indiana before Chloe was accepted for the $16000 by Horizon Bank, National Association

Chloe made 7 previous tries to obtain a signature loan, 2 of which were with Candor Savings and Loan Association, a lender in Michigan City, Indiana known to specialize in signature loans specifically. Before finding Horizon Bank, National Association, Chloe was desperate due to their inexperience and fair credit score.

8 Months in the Past, Chloe Attempted Finding a High Risk Loan for $35,000.00, and it was Hard

There is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Chloe. Chloe chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Clients with credit ratings as low as 554 can apply for a high risk loan and may be be accepted.

Chloe has a disappointing current gross income, but has a large amount of prospects

Chloe has always wanted to be a residence counselor, but would have to attend Walla Walla University again to achieve it. Chloe has other possibilities as well, including insurance lawyer, freight and stock handler, and control center specialist, which pay $56,000 through to $102,000 per year, at least. Because of this, we believe that Chloe can afford this signature loan of $16000.

Paraphrased and Standardized Quote from Chloe for this signature loan of $16000, provided by Horizon Bank, National Association

Hello, I am Chloe and I am from Michigan City in Indiana. La Porte, county is where I grew up, and now I need a signature loan in Indiana for $16000 to pay bills. It wasn’t easy, but Horizon Bank, National Association really came through for me with this loan for 5.2% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to Horizon Bank, National Association for trusting me and my fair credit. It look me 8 years to build my credit to 542, and I won’t tarnish it any more. I am happy with Find Texas Loans for assisting me this far.

Chloe’s Overall FICO score at the time of acceptance for a signature loan, taking into account their industrial-organizational psychologist job and their future career as a residence counselor

Fico Score: 542

Previous requests on Chloe’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$147480.00 9 5.1% $1705.69 The Citizens Exchange Bank May 3, 2010
$146690.00 8 8.2% $2088.65 Alliance Bank August 4, 2012
$147420.00 10 5.7% $1614.54 Farmers State Bank December 5, 2013
$147350.00 8 5.7% $1914.94 First United Bank, National Association January 24, 2014
$147440.00 4 10.8% $3796.36 Farmers State Bank February 5, 2014
Client Profile: Chloe Goepfarth of Michigan City, Indiana
  • Full name (Changed if requested): Chloe Goepfarth
  • Current Credit: loans.hit.utils.Fico@728938a9
  • Current City: Michigan City
  • State: Indiana
  • Zip code: 46366
  • Yearly income: $61,000
  • Current Job: industrial-organizational psychologist
  • Current County: La Porte
  • Goal Yearly Income: $101,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Chloe was rejected by Fayette Bank and Trust Company 4 times before being accepted by Horizon Bank, National Association at 515 Franklin Street

On September 19, 2011, Chloe applied about borrowing $37,000 from Farmers State Bank with Lashonda, their friend from just outside Michigan City, and even with the co-signer, Chloe was rejected for this signature loan. With fair credit, it can be challenging to procure funding, even with collateral and a co-signer.

Chloe’s Transunion score was altered by the signature loan loan, changing to 529 from 542, which is normal in our experience.

Transunion Score: 529

When Chloe was 18, they tried to obtain a student loan from 6 different lenders, which damaged their credit rating. Below is a chronology of Chloe’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on December 3, 2013
  • Attempt 2) Loan for $37,000.00 on July 11, 2011
  • Attempt 3) Loan for $29,000.00 on March 4, 2009
  • Attempt 4) Loan for $25,000.00 on February 22, 2009
  • Attempt 5) Loan for $34,000.00 on December 30, 2010
  • Attempt 6) Loan for $30,000.00 on November 21, 2008

Contact Details for Horizon Bank, National Association, the provider of this signature loan

  • Horizon Bank, National Association
  • City: Michigan City
  • State: Indiana
  • Address: 515 Franklin Street
  • County: La Porte
  • Zip code: 46360

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

Normal debt consolidation loans range from $31,000.00 to $50,000.00. They are typically used to pay off existing high interest loans like credit cards. Chloe required a debt consolidation loan to pay for their existing signature loan and their loan shark loan. Chloe was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.0%.

Installment loan for Chloe, a graduate of Walla Walla University and an industrial-organizational psychologist working for over $70,000 per year

Chloe, an alumnus at Walla Walla University and an industrial-organizational psychologist in Michigan City, Indiana wants a signature loan to purchase something frivolous. Chloe has instead chosen to get an installment loan for $22,000 and is currently seeking lenders like STAR, Financial Bank, Elwood to provide it.

Fast Loans for Chloe in Michigan City, Indiana to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Michigan City, Indiana aren’t actually that difficult to obtain, particularly if you have some finesse like Chloe. Chloe was able to find a fast loan for $16000 from American State Bank and The Union Bank, but declined both offers in favor of their signature loan from Horizon Bank, National Association. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big improvement if a borrower is in a time sensitive situation.

Conclusion of Chloe’s signature loan

In the end, Chloe was able to find a signature loan for $16000 with an interest rate of 10.8% interest APR from Horizon Bank, National Association in Michigan City, Indiana 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.