$75000 Consolidation Loan – Fort Smith Arkansas, Credit Score Of 307
- Experian: 325 – This client had a terrible Experian rating
- Transunion: 291 – Therese had a terrible credit rating with Transunion.
- Equifax: Therese’s Experian score was 307, which is a terrible credit score using the Experian rating scheme.
Signature Loan easily acquired in Fort Smith, Arkansas for $75000 with terrible credit by Therese
Most clients struggle with obtaining signature loans in Fort Smith, Arkansas, and Therese is not an exception. Therese went to 8 lending institutions or more before finding The First National Bank of Fort Smith, who offered Therese a signature loan for $75000. Most signature loans simply require a client, like Therese’s signature to obtain them, up to $38,000 in some cases. Therese was able to get $75000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans don’t need collateral, these loans generally require improved credit, as high as 735
When Therese was 20, they tried to obtain a student loan from 5 alternate lenders, which harmed their credit score. Below is a list of Therese’s prior attempts at finding a student loan:
- Attempt 1) Loan for $33,000.00 on December 13, 2010
- Attempt 2) Loan for $30,000.00 on May 16, 2010
- Attempt 3) Loan for $37,000.00 on March 31, 2011
- Attempt 4) Loan for $35,000.00 on December 14, 2011
- Attempt 5) Loan for $27,000.00 on November 19, 2008
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans vary from $24,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Therese required a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Therese was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.6%.
Previous requests on Therese’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $69340.00 | 8 | 6.6% | $931.62 | Bank of Weiner | December 6, 2010 |
| $68780.00 | 6 | 9.1% | $1243.21 | Horizon Bank | June 29, 2011 |
| $69480.00 | 7 | 7.4% | $1062.28 | Warren Bank and Trust Company | February 1, 2013 |
| $69310.00 | 5 | 6.7% | $1362.63 | Boatmen’s Bank of Northeast Arkansas | August 12, 2013 |
Fast Loans for Therese in Fort Smith, Arkansas to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Fort Smith, Arkansas aren’t actually that difficult to obtain, particularly if you have some gumption like Therese. Therese was able to find a fast loan for $75000 from Commercial Bank at Alma and Madison Bank and Trust, but declined both offers in favor of their consolidation loan from The First National Bank of Fort Smith. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big improvement in the case that a client is on the go.
Therese’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their highway patrol pilot job and their future job as an environmental science technician
Therese has a low current yearly income, but has a large amount of prospects
Therese has always wanted to be an environmental science technician, but would need attend ASC English School again to achieve it. Therese has other prospects as well, including industrial therapist, fashion designer, and crossing guard, which pay $58,000 through to $95,000 per year, on average. Because of this, we believe that Therese can afford this consolidation loan of $75000.
9 Months Ago, Therese Tried to Find a High Risk Loan for $24,000.00, but They Didn’t Find What They were Expecting
It is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Therese. Therese decided not to get a high risk loan this time. High Risk loans are given to very low credit applicants. Clients with credit scores as low as 319 can inquire for a high risk loan and possibly can be approved.
Paraphrased and Standardized Quote from Therese for this consolidation loan of $75000, provided by The First National Bank of Fort Smith
Hi, I am Therese and I’m from Fort Smith in Arkansas. Sebastian, county is where I grew up, and now I need a consolidation loan in Arkansas for $75000 to pay bills. It has been difficult, but The First National Bank of Fort Smith really came through for me with this loan for 5.2% interest APR and a term of 19 years. I can probably repay the loan over the 19 year term, including interest. A big thanks to The First National Bank of Fort Smith for trusting me and my terrible credit. It look me 4 years to build my credit to 307, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.
Contact Details for The First National Bank of Fort Smith, the provider of this consolidation loan
- The First National Bank of Fort Smith
- City: Fort Smith
- State: Arkansas
- Address: 602 Garrison Avenue
- County: Sebastian
- Zip code: 72901
Before applying for this consolidation loan, Therese had an Experian score of 325, which is terrible, so The First National Bank of Fort Smith probably can provide Therese a consolidation loan
Installment loan for Therese, a graduate of ASC English School and a highway patrol pilot working for over $69,000 per year
Therese, an alumnus at ASC English School and a highway patrol pilot in Fort Smith, Arkansas needs a consolidation loan to purchase a new cell phone. Therese has instead decided to obtain an installment loan for $6,000 and is at present seeking lenders like Valley Bank to provide it.
Therese was declined by Allied Bank 5 times prior to being approved by The First National Bank of Fort Smith at 602 Garrison Avenue
On March 26, 2011, Therese inquired about borrowing $14,000 from The Security Bank with Dan, their in law from just outside Fort Smith, and even with the co-signer, Therese was rejected for this consolidation loan. With terrible credit, it can be challenging to procure funding, even with collateral and a co-signer.
- Full name (Changed if requested): Therese Erp
- Current Credit: loans.hit.utils.Fico@5a2e4553
- Current City: Fort Smith
- State: Arkansas
- Zip code: 72907
- Yearly income: $42,000
- Current Job: highway patrol pilot
- Current County: Sebastian
- Goal Yearly Income: $144,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Personal Loan for a highway patrol pilot named Therese in Fort Smith, Arkansas to Pay Off Amalgamated Bank MasterCard Union Card
Therese had a lot of credit card debt on their Lanpass Visa Secured Card and their Ohio Savings Bank American Express Card, and they were starting to get in over their heads. Despite Therese’s job as a highway patrol pilot, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Several previous requests for credit have been made by Therese in the past, including one from First Bank of Arkansas in Fort Smith, Arkansas before Therese was approved for the $75000 by The First National Bank of Fort Smith
Therese made 4 previous tries to obtain a consolidation loan, 2 of which were with First Bank of Arkansas, a lender in Fort Smith, Arkansas known to specialize in consolidation loans specifically. Prior to finding The First National Bank of Fort Smith, Therese was very concerned due to their inexperience and terrible credit score.
Therese’s Transunion score was changed by the consolidation loan loan, changing to 291 from 307, which is typical in our experience.
Conclusion of Therese’s consolidation loan
In the end, Therese was able to find a consolidation loan for $75000 with an interest rate of 7.0% interest APR from The First National Bank of Fort Smith in Fort Smith, Arkansas repayable over 19 years from now.
