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Quick Loan With Low APR In Cook County, Illinois

$30000 Quick Loan – Chicago Illinois, Credit Rating Of 500

  • Experian: 511 – This client had a fair Experian rating
  • Transunion: 484 – Thanh had a fair credit rating with Transunion.
  • Equifax: Thanh’s Experian score was 500, which is a fair credit rating on the Experian scale.

Thanh’s Overall FICO score at the time of acceptance for a quick loan, taking into account their surgeon job and their future job as a retail store manager

Fico Score: 500

When Thanh was 22, they attempted to obtain a student loan from 4 alternate banks, which damaged their credit rating. Below is a chronology of Thanh’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on August 27, 2009
  • Attempt 2) Loan for $27,000.00 on November 22, 2011
  • Attempt 3) Loan for $28,000.00 on November 20, 2012
  • Attempt 4) Loan for $35,000.00 on November 5, 2011

Installment loan for Thanh, a graduate of “Helms College, A Subsidiary of Goodwill Industries” and a surgeon working for over $64,000 per year

Thanh, an alumnus at “Helms College, A Subsidiary of Goodwill Industries” and a surgeon in Chicago, Illinois needs a quick loan to purchase a new cell phone. Thanh has instead decided to get an installment loan for $20,000 and is currently seeking lenders like Amalgamated Bank of Chicago to process their request.

Previous requests on Thanh’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$117730.00 9 11.4% $1748.04 The Gerber State Bank June 14, 2009
$118290.00 8 6.4% $1577.64 The Belvidere National Bank and Trust Company July 11, 2012
$117710.00 5 8.4% $2409.33 Commerce Bank January 18, 2013
$118230.00 6 8.5% $2101.94 Byron Bank March 26, 2014
$118300.00 3 11.3% $3889.82 Amalgamated Bank of Chicago December 26, 2014

Thanh has a low current gross income, but has several of prospects

Thanh has always wanted to be a retail store manager, but would have to attend “Helms College, A Subsidiary of Goodwill Industries” again to achieve it. Thanh has other prospects as well, including administrative assistant, building inspector, and commercial designer, which pay $52,000 through to $93,000 per year, on average. Because of this, we think that Thanh can pay for this quick loan of $30000.

Signature Loan easily acquired in Chicago, Illinois for $30000 with fair credit by Thanh

Most prospective borrowers struggle with obtaining signature loans in Chicago, Illinois, and Thanh is no different. Thanh went to 8 lending institutions or more before settling on Community Bank & Trust Company of Edgewater, who offered Thanh a signature loan for $30000. Most signature loans simply need a client, like Thanh’s signature to obtain them, up to $41,000 in some cases. Thanh was able to get $30000 as a quick loan, which is very high for a quick loan. Since signature loans don’t require a cosigner, they generally require higher credit, as high as 752

Client Profile: Thanh Dearo of Chicago, Illinois
  • Full name (Changed if requested): Thanh Dearo
  • Current Credit: loans.hit.utils.Fico@5eb5c224
  • Current City: Chicago
  • State: Illinois
  • Zip code: 60645
  • Yearly income: $43,000
  • Current Job: surgeon
  • Current County: Cook
  • Goal Yearly Income: $148,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $22,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Thanh needed a debt consolidation loan to pay for their existing quick loan and their credit card. Thanh was able to find a quick loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.4%.

Personal Loan for a surgeon named Thanh in Chicago, Illinois to Pay Off West Marine Platinum MasterCard

Thanh had a lot of credit card debt on their Atlanta Braves BankAmericard Cash Rewards MasterCard and their AAA Member Rewards Visa Signature Card, and they were starting to get in over their heads. Despite Thanh’s job as a surgeon, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Thanh’s Transunion score was changed by the quick loan loan, changing to 484 from 500, which is normal in our experience.

Transunion Score: 484

Thanh was rejected by The Northern Trust Company 6 times prior to being accepted by Community Bank & Trust Company of Edgewater at 5340 North Clark Street

On June 30, 2009, Thanh applied about borrowing $33,000 from The National Republic Bank of Chicago with Evalyn, their friend from just outside Chicago, and even with the co-signer, Thanh was rejected for this quick loan. With fair credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Contact Details for Community Bank & Trust Company of Edgewater, the provider of this quick loan

  • Community Bank & Trust Company of Edgewater
  • City: Chicago
  • State: Illinois
  • Address: 5340 North Clark Street
  • County: Cook
  • Zip code: 60640

Multiple previous requests for credit have been made by Thanh in the past, including one from Fidelity Savings and Loan Company in Chicago, Illinois before Thanh was accepted for the $30000 by Community Bank & Trust Company of Edgewater

Thanh made 4 prior attempts to obtain a quick loan, 2 of which were with Fidelity Savings and Loan Company, a lending institution in Chicago, Illinois known to specialize in quick loans specifically. Before finding Community Bank & Trust Company of Edgewater, Thanh was very concerned due to their inexperience and fair credit rating.

Before applying for this quick loan, Thanh had an Experian score of 511, which is fair, so Community Bank & Trust Company of Edgewater likely cannot provide Thanh a quick loan

Experian Score: 511

Paraphrased and Standardized Quote from Thanh for this quick loan of $30000, provided by Community Bank & Trust Company of Edgewater

Hi, I am Thanh and I am from Chicago in Illinois. Cook, county is where I grew up, and now I need a quick loan in Illinois for $30000 to buy a big ticket item. It wasn’t easy, but Community Bank & Trust Company of Edgewater really came through for me with this loan for 7.3% interest APR and a term of 12 years. I can probably repay the loan over the 12 year term, including interest. A big thanks to Community Bank & Trust Company of Edgewater for giving me a chance and my fair credit. It look me 7 years to create my credit to 500, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

7 Months Ago, Thanh Tried Finding a High Risk Loan for $29,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Thanh. Thanh chose not to obtain a high risk loan this time. High Risk loans are given to bad credit borrowers. Individuals with credit ratings as low as 387 can inquire for a high risk loan and have a chance to be approved.

Fast Loans for Thanh in Chicago, Illinois to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Thanh. Thanh was able to find a fast loan for $30000 from Farmers & Mechanics Bank and Byron Bank, but turned down both offers in favor of their quick loan from Community Bank & Trust Company of Edgewater. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. An improvement if you are in a pinch.

Conclusion of Thanh’s quick loan

In the end, Thanh was able to find a quick loan for $30000 with an interest rate of 5.0% interest APR from Community Bank & Trust Company of Edgewater in Chicago, Illinois repayable over 12 years from now.

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.