$72000 No Collateral Loan – Urbana Missouri, Credit Score Of 649
- Experian: 666 – The client had a good Experian rating
- Transunion: 636 – Louis had a good credit rating with Transunion.
- Equifax: Louis’s Experian score was 649, which is a good credit score on the Experian rating scheme.
Personal Loan for a budget accountant named Louis in Urbana, Missouri to Pay Off Amalgamated Bank MasterCard Standard
Louis had a tonne of credit card debt on their Ace Hardware Rewards Visa Card and their Texas Rangers BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Louis’s job as a budget accountant, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Louis’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their budget accountant job and their future career as an industrial hygienist
Several past requests for credit have been made by Louis in the past, including one from State Bank of Newburg in Urbana, Missouri before Louis was approved for the $72000 by The Bank of Urbana
Louis made 5 previous tries to obtain a no collateral loan, 2 of which were with State Bank of Newburg, a lending institution in Urbana, Missouri known to specialize in no collateral loans specifically. Before finding The Bank of Urbana, Louis was concerned due to their inexperience and good credit score.
Louis’s Transunion score was changed by the no collateral loan loan, changing to 636 from 649, which is normal in our experience.
8 Months in the Past, Louis Attempted Finding a High Risk Loan for $22,000.00, and it was Hard
There is an existing struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Louis. Louis chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Borrowers with credit ratings as low as 449 can apply for a high risk loan and possibly can be accepted.
When Louis was 18, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a list of Louis’s prior attempts at finding a student loan:
- Attempt 1) Loan for $25,000.00 on November 12, 2010
- Attempt 2) Loan for $28,000.00 on June 3, 2011
- Attempt 3) Loan for $32,000.00 on February 4, 2011
- Attempt 4) Loan for $33,000.00 on April 21, 2010
Installment loan for Louis, a graduate of University of Oklahoma and a budget accountant working for over $69,000 per year
Louis, an alumnus at University of Oklahoma and a budget accountant in Urbana, Missouri needs a no collateral loan to purchase something frivolous. Louis has instead decided to get an installment loan for $24,000 and is at present seeking lenders like Commerce Bank of Richmond Heights to process their request.
Signature Loan acquired in Urbana, Missouri for $72000 with good credit by Louis
Many prospective borrowers struggle with obtaining signature loans in Urbana, Missouri, and Louis is not an exception. Louis went to 4 lending institutions or more prior to settling on The Bank of Urbana, who offered Louis a signature loan for $72000. Typical signature loans simply need a client, like Louis’s signature to obtain them, up to $20,000 in some cases. Louis was able to get $72000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans don’t need a cosigner, they tend to require improved credit, as high as 797
Louis has a sad current total income, but has several of prospects
Louis has always wanted to be an industrial hygienist, but would have to attend University of Oklahoma again to become one. Louis has other prospects as well, including home appliance repairer, audio-visual collections specialist, and clinical dietitian, which pay $54,000 through to $108,000 per year, at least. For this reason, we believe that Louis can pay for this no collateral loan of $72000.
Previous requests on Louis’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$124790.00||7||8.4%||$1969.97||Camden County Bank||January 2, 2014|
|$125210.00||3||11.7%||$4140.85||Glasgow Savings Bank||September 10, 2014|
|$125400.00||7||8.5%||$1985.9||Central Bank||December 26, 2014|
|$125420.00||8||9.3%||$1857.01||Midwest BankCentre||June 3, 2015|
- Full name (Changed if requested): Louis Houtz
- Current Credit: loans.hit.utils.Fico@31cefde0
- Current City: Urbana
- State: Missouri
- Zip code: 65773
- Yearly income: $47,000
- Current Job: budget accountant
- Current County: Dallas
- Goal Yearly Income: $93,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Paraphrased and Standardized Quote from Louis for this no collateral loan of $72000, provided by The Bank of Urbana
Hi, I am Louis and my hometown is Urbana in Missouri. Dallas, county is where I grew up, and now I need a no collateral loan in Missouri for $72000 to avoid bankruptcy. It has been difficult, but The Bank of Urbana really came through for me with this loan for 6.3% interest APR and a term of 13 years. I can probably repay the loan over the 13 year term, including interest. A big thanks to The Bank of Urbana for trusting me and my good credit. It look me 4 years to create my credit to 649, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.
Contact Details for The Bank of Urbana, the provider of this no collateral loan
- The Bank of Urbana
- City: Urbana
- State: Missouri
- Address: 109 N. Main St
- County: Dallas
- Zip code: 65767
Before applying for this no collateral loan, Louis had an Experian score of 666, which is good, so The Bank of Urbana most likely cannot provide Louis a no collateral loan
Fast Loans for Louis in Urbana, Missouri to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Urbana, Missouri aren’t actually that difficult to obtain, particularly if you have some finesse like Louis. Louis was able to find a fast loan for $72000 from Commerce Bank of Richmond Heights and Camden County Bank, but declined both offers in favor of their no collateral loan from The Bank of Urbana. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better if a client is in a pinch.
Louis was rejected by Union Planters Bank of Missouri 5 times before being granted funding by The Bank of Urbana at 109 N. Main St
On August 18, 2010, Louis inquired about borrowing $27,000 from Central West End Bank with Ofelia, their friend from just outside Urbana, and even with the co-signer, Louis was rejected for this no collateral loan. With good credit, it can be very hard to obtain financing, even with collateral and a co-signer.
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans range from $38,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Louis required a debt consolidation loan to pay for their existing no collateral loan and their loan shark loan. Louis was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your dirty, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.2%.
Conclusion of Louis’s no collateral loan
In the end, Louis was able to find a no collateral loan for $72000 with an interest rate of 9.4% interest APR from The Bank of Urbana in Urbana, Missouri repayable over 13 years from now.