$20000 Direct Loan – Bunker Missouri, Credit Rating Of 805
- Experian: 823 – This client had an excellent Experian score
- Transunion: 788 – Magen had an excellent credit rating with Transunion.
- Equifax: Magen’s Experian score was 805, which is an excellent credit score with the Experian rating scheme.
8 Months Ago, Magen Tried to Find a High Risk Loan for $26,000.00, and it was Easy
It is an well known struggle for clients to find high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Magen. Magen decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit borrowers. Borrowers with credit scores as low as 311 can apply for a high risk loan and possibly can be accepted.
Personal Loan for a hotel convention/events coordinator named Magen in Bunker, Missouri to Pay Off Sports Authority Credit Card
Magen had a lot of credit card debt on their Bank of Hawaii Credit Cards and their First Niagara Bank Rewards MasterCard, and they were starting to get in over their heads. Despite Magen’s job as a hotel convention/events coordinator, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Magen was declined by Camden County Bank 6 times prior to being approved by The Bank of Bunker at State Highway 72 And 4th Street
On July 27, 2012, Magen inquired about borrowing $36,000 from Commerce Bank of Tower Grove with Amalia, their in law from just outside Bunker, and even with the co-signer, Magen was rejected for this direct loan. With excellent credit, it can be a challenge to obtain financing, even with collateral and a co-signer.
Contact Details for The Bank of Bunker, the provider of this direct loan
- The Bank of Bunker
- City: Bunker
- State: Missouri
- Address: State Highway 72 And 4th Street
- County: Reynolds
- Zip code: 63629
Previous requests on Magen’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$117580.00||7||5.1%||$1667.4||Camden County Bank||June 23, 2011|
|$118290.00||10||5.3%||$1272.07||Glasgow Savings Bank||October 29, 2012|
|$118290.00||3||11.3%||$3889.49||Central Bank||November 21, 2013|
|$117700.00||6||10.6%||$2216.27||Midwest BankCentre||November 27, 2013|
Signature Loan easily acquired in Bunker, Missouri for $20000 with excellent credit by Magen
A lot of borrowers have difficulty with obtaining signature loans in Bunker, Missouri, and Magen is no exception. Magen went to 4 lending institutions or more prior to finding The Bank of Bunker, who offered Magen a signature loan for $20000. Most signature loans simply need a client, like Magen’s signature to obtain them, up to $35,000 in some cases. Magen was able to get $20000 as a direct loan, which is very high for a direct loan. Since signature loans do not require a cosigner, these loans generally require higher credit, as high as 778
Magen has a low current yearly income, but has a large amount of prospects
Magen has always wanted to be a materials scientist, but would have to attend Central State Beauty and Wellness College again to achieve it. Magen has other prospects as well, including physician’s office nurse, legal assistant, and industrial health engineer, which pay $54,000 through to $94,000 per year, on average. For this reason, we believe that Magen can afford this direct loan of $20000.
Fast Loans for Magen in Bunker, Missouri to prevent bankruptcy or harm from debt collectors.
Fast loans in Bunker, Missouri aren’t actually that difficult to obtain, especially if you have some gumption like Magen. Magen was able to find a fast loan for $20000 from Bremen Bank and Trust Company and Commerce Bank of Tower Grove, but declined both offers in favor of their direct loan from The Bank of Bunker. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement if a client is in a pinch.
Magen’s Transunion score was altered by the direct loan loan, changing to 788 from 805, which is normal in our experience.
When Magen was 21, they tried to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a list of Magen’s prior attempts at finding a student loan:
- Attempt 1) Loan for $35,000.00 on April 29, 2013
- Attempt 2) Loan for $39,000.00 on November 28, 2010
- Attempt 3) Loan for $30,000.00 on January 18, 2009
- Attempt 4) Loan for $25,000.00 on October 31, 2009
- Attempt 5) Loan for $22,000.00 on June 12, 2009
- Attempt 6) Loan for $37,000.00 on March 22, 2011
- Attempt 7) Loan for $27,000.00 on August 5, 2010
Paraphrased and Standardized Quote from Magen for this direct loan of $20000, provided by The Bank of Bunker
Hello, I am Magen and my hometown is Bunker in Missouri. Reynolds, county is where I grew up, and now I need a direct loan in Missouri for $20000 to renovate my home. It wasn’t easy, but The Bank of Bunker really came through for me with this loan for 9.3% interest APR and a term of 7 years. I can probably repay the loan over the 7 year term, including interest. A big thanks to The Bank of Bunker for trusting me and my excellent credit. It look me 7 years to create my credit to 805, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.
Before applying for this direct loan, Magen had an Experian score of 823, which is excellent, so The Bank of Bunker most likely cannot provide Magen a direct loan
Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans vary from $20,000.00 to $48,000.00. They are mainly used to pay off existing high interest loans like credit cards. Magen needed a debt consolidation loan to pay for their existing direct loan and their payday loan. Magen was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your bad, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.4%.
- Full name (Changed if requested): Magen Slabaugh
- Current Credit: loans.hit.utils.Fico@2a098129
- Current City: Bunker
- State: Missouri
- Zip code: 63633
- Yearly income: $63,000
- Current Job: hotel convention/events coordinator
- Current County: Reynolds
- Goal Yearly Income: $126,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Installment loan for Magen, a graduate of Central State Beauty and Wellness College and a hotel convention/events coordinator working for over $66,000 per year
Magen, an alumnus at Central State Beauty and Wellness College and a hotel convention/events coordinator in Bunker, Missouri needs a direct loan to purchase something frivolous. Magen has instead chosen to get an installment loan for $15,000 and is currently seeking lenders like Glasgow Savings Bank to provide it.
Many previous requests for credit have been made by Magen in the past, including one from Point Loma Savings and Loan Association in Bunker, Missouri before Magen was approved for the $20000 by The Bank of Bunker
Magen made 9 previous tries to obtain a direct loan, 2 of which were with Point Loma Savings and Loan Association, a lender in Bunker, Missouri known to specialize in direct loans specifically. Prior to finding The Bank of Bunker, Magen was very concerned due to their inexperience and excellent credit score.
Magen’s Overall FICO score at the time of acceptance for a direct loan, taking into account their hotel convention/events coordinator job and their future job as a materials scientist
Conclusion of Magen’s direct loan
In the end, Magen was able to find a direct loan for $20000 with an interest rate of 9.4% interest APR from The Bank of Bunker in Bunker, Missouri repayable over 7 years from today.