$80000 Private Loan – Chicago Illinois, Credit Rating Of 478
- Experian: 490 – The client had a bad Experian rating
- Transunion: 459 – Dorene had a bad credit score with Transunion.
- Equifax: Dorene’s Experian score was 478, which is a bad credit score using the Experian scale.
Dorene’s Transunion score was altered by the private loan loan, changing to 459 from 478, which is typical in our experience.
7 Months Ago, Dorene Tried to Find a High Risk Loan for $34,000.00, and it was Easy
It is an well known struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Dorene. Dorene decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit clients. Clients with credit scores as low as 537 can apply for a high risk loan and possibly can be accepted.
Dorene has a low current total income, but has a high number of prospects
Dorene has always wanted to be a ship master, but would have to attend Drake University again to achieve it. Dorene has other prospects as well, including building maintenance mechanic, restaurant manager, and economics professor, which pay $53,000 through to $99,000 per year, on average. Because of this, we think that Dorene can pay for this private loan of $80000.
Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans range from $30,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Dorene required a debt consolidation loan to pay for their existing private loan and their credit card. Dorene was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.0%.
Signature Loan found in Chicago, Illinois for $80000 with bad credit by Dorene
Many clients have difficulty with obtaining signature loans in Chicago, Illinois, and Dorene is no exception. Dorene went to 6 lending institutions or more prior to finding Mayfair Bank, who offered Dorene a signature loan for $80000. Most signature loans simply require a client, like Dorene’s signature to obtain them, up to $30,000 in some cases. Dorene was able to get $80000 as a private loan, which is very high for a private loan. Since signature loans don’t need a cosigner, these loans generally require improved credit, as high as 770
- Full name (Changed if requested): Dorene Delash
- Current Credit: loans.hit.utils.Fico@442d9b6e
- Current City: Chicago
- State: Illinois
- Zip code: 60654
- Yearly income: $35,000
- Current Job: glass blower
- Current County: Cook
- Goal Yearly Income: $113,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Installment loan for Dorene, a graduate of Drake University and a glass blower working for over $65,000 per year
Dorene, an alumnus at Drake University and a glass blower in Chicago, Illinois needs a private loan to purchase a house. Dorene has instead decided to obtain an installment loan for $17,000 and is currently seeking lenders like Bank One, Illinois, National Association to process their request.
When Dorene was 21, they tried to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a list of Dorene’s previous attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on May 4, 2010
- Attempt 2) Loan for $36,000.00 on April 25, 2014
- Attempt 3) Loan for $27,000.00 on May 17, 2012
- Attempt 4) Loan for $34,000.00 on April 20, 2010
- Attempt 5) Loan for $30,000.00 on June 17, 2013
- Attempt 6) Loan for $25,000.00 on August 26, 2010
Dorene was not approved by Peoples National Bank of Kewanee 4 times prior to being granted funding by Mayfair Bank at 4001 West Devon Avenue
On September 9, 2009, Dorene applied about borrowing $27,000 from Mercantile National Bank of Chicago with Nia, their friend from just outside Chicago, and even with the co-signer, Dorene was rejected for this private loan. With bad credit, it can be difficult to procure funding, even with collateral and a co-signer.
Contact Details for Mayfair Bank, the provider of this private loan
- Mayfair Bank
- City: Chicago
- State: Illinois
- Address: 4001 West Devon Avenue
- County: Cook
- Zip code: 60646
Paraphrased and Standardized Quote from Dorene for this private loan of $80000, provided by Mayfair Bank
Hi, I am Dorene and I am from Chicago in Illinois. Cook, county is where I grew up, and now I need a private loan in Illinois for $80000 to avoid bankruptcy. It has been difficult, but Mayfair Bank really came through for me with this loan for 5.3% interest APR and a term of 13 years. I will repay the loan over the 13 year term, including interest. A big thanks to Mayfair Bank for giving me a chance and my bad credit. It look me 6 years to build my credit to 478, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.
Dorene’s Overall FICO score at the time of acceptance for a private loan, taking into account their glass blower job and their future career as a ship master
Several previous requests for credit have been made by Dorene in the past, including one from Champions Point National Bank in Chicago, Illinois before Dorene was accepted for the $80000 by Mayfair Bank
Dorene made 9 previous attempts to obtain a private loan, 2 of which were with Champions Point National Bank, a bank in Chicago, Illinois known to specialize in private loans specifically. Before finding Mayfair Bank, Dorene was concerned due to their inexperience and bad credit rating.
Before applying for this private loan, Dorene had an Experian score of 490, which is bad, so Mayfair Bank most likely cannot provide Dorene a private loan
Previous requests on Dorene’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$20770.00||5||8.8%||$429.14||The Gerber State Bank||August 14, 2010|
|$21390.00||9||7.3%||$270.77||The Belvidere National Bank and Trust Company||February 15, 2014|
|$20760.00||4||8.3%||$509.74||Commerce Bank||February 23, 2014|
|$20740.00||5||5.5%||$396.16||Byron Bank||March 4, 2014|
Fast Loans for Dorene 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 finesse like Dorene. Dorene was able to find a fast loan for $80000 from Central National Bank of Mattoon and The Gerber State Bank, but declined both offers in favor of their private loan from Mayfair Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference if you are on the go.
Personal Loan for a glass blower named Dorene in Chicago, Illinois to Pay Off American Savings Bank Maximum Rewards Visa Card
Dorene had a lot of credit card debt on their Jeff Bank Visa Signature Bonus Rewards PLUS Card and their TJX Rewards Credit Card, and they were starting to get in over their heads. Despite Dorene’s job as a glass blower, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Conclusion of Dorene’s private loan
In the end, Dorene was able to find a private loan for $80000 with an interest rate of 5.2% interest APR from Mayfair Bank in Chicago, Illinois repayable over 13 years from today.