$16000 No Collateral Loan – Marble Hill Missouri, Credit Rating Of 370
- Experian: 384 – The client had a terrible Experian score
- Transunion: 355 – Sun had a terrible credit score with Transunion.
- Equifax: Sun’s Experian score was 370, which is a terrible credit score on the Experian rating scheme.
Sun’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their chemical plant operator job and their future career as a sports agent
Contact Details for Mercantile Bank of Marble Hill, the provider of this no collateral loan
- Mercantile Bank of Marble Hill
- City: Marble Hill
- State: Missouri
- Address: Main Street
- County: Bollinger
- Zip code: 63764
Many past requests for credit have been made by Sun in the past, including one from Marshall National Bank and Trust Company in Marble Hill, Missouri before Sun was accepted for the $16000 by Mercantile Bank of Marble Hill
Sun made 9 prior attempts to obtain a no collateral loan, 2 of which were with Marshall National Bank and Trust Company, a bank in Marble Hill, Missouri known to specialize in no collateral loans specifically. Before finding Mercantile Bank of Marble Hill, Sun was concerned due to their inexperience and terrible credit score.
Paraphrased and Standardized Quote from Sun for this no collateral loan of $16000, provided by Mercantile Bank of Marble Hill
Hello, I am Sun and my hometown is Marble Hill in Missouri. Bollinger, county is where I grew up, and now I need a no collateral loan in Missouri for $16000 to buy a big ticket item. It wasn’t easy, but Mercantile Bank of Marble Hill really came through for me with this loan for 6.1% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to Mercantile Bank of Marble Hill for trusting me and my terrible credit. It look me 4 years to build my credit to 370, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.
Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans vary from $32,000.00 to $46,000.00. They are typically used to pay off existing high interest loans like credit cards. Sun needed a debt consolidation loan to pay for their existing no collateral loan and their loan shark loan. Sun was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.5%.
Personal Loan for a chemical plant operator named Sun in Marble Hill, Missouri to Pay Off Synovus Visa Platinum Credit Card
Sun had a lot of credit card debt on their TD Business Solutions Visa Credit Card and their Navy FCU nRewards Credit Card, and they were starting to get in over their heads. Despite Sun’s job as a chemical plant operator, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Sun’s Transunion score was changed by the no collateral loan loan, changing to 355 from 370, which is normal in our experience.
Sun was not approved by Central West End Bank 6 times prior to being granted funding by Mercantile Bank of Marble Hill at Main Street
On March 4, 2010, Sun inquired about borrowing $39,000 from Boatmen’s Bank of Southwest Missouri with Ronda, their friend from just outside Marble Hill, and even with the co-signer, Sun was rejected for this no collateral loan. With terrible credit, it can be very hard to procure funding, even with collateral and a co-signer.
Signature Loan acquired in Marble Hill, Missouri for $16000 with terrible credit by Sun
A lot of prospective borrowers struggle with finding signature loans in Marble Hill, Missouri, and Sun is no different. Sun went to 5 lenders or more before settling on Mercantile Bank of Marble Hill, who offered Sun a signature loan for $16000. Most signature loans simply require a client, like Sun’s signature to obtain them, up to $27,000 in some cases. Sun was able to get $16000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans don’t require a cosigner, they generally need higher credit, as high as 764
Sun has a low current yearly income, but has a high number of prospects
Sun has always wanted to be a sports agent, but would need attend Gaston College again to achieve it. Sun has other possibilities as well, including database administrator, government budget analyst, and computer systems engineer, which pay $54,000 through to $108,000 per year, on average. For this reason, we believe that Sun can pay for this no collateral loan of $16000.
Before applying for this no collateral loan, Sun had an Experian score of 384, which is terrible, so Mercantile Bank of Marble Hill probably cannot provide Sun a no collateral loan
Installment loan for Sun, a graduate of Gaston College and a chemical plant operator working for over $64,000 per year
Sun, an alumnus at Gaston College and a chemical plant operator in Marble Hill, Missouri wants a no collateral loan to purchase a house. Sun has instead decided to obtain an installment loan for $7,000 and is at present seeking lenders like Commerce Bank of St. Louis, National Association to provide it.
Fast Loans for Sun in Marble Hill, Missouri to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Marble Hill, Missouri aren’t actually that difficult to obtain, particularly if you have some gumption like Sun. Sun was able to find a fast loan for $16000 from Bremen Bank and Trust Company and Jefferson Bank and Trust Company, but turned down both offers in favor of their no collateral loan from Mercantile Bank of Marble Hill. 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 personal loans. A big improvement if a client is in a pinch.
When Sun was 18, they attempted to obtain a student loan from 5 different banks, which damaged their credit rating. Below is a chronology of Sun’s prior attempts at finding a student loan:
- Attempt 1) Loan for $21,000.00 on October 31, 2013
- Attempt 2) Loan for $37,000.00 on July 5, 2010
- Attempt 3) Loan for $33,000.00 on April 25, 2013
- Attempt 4) Loan for $24,000.00 on February 8, 2011
- Attempt 5) Loan for $38,000.00 on July 26, 2009
Previous requests on Sun’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$147240.00||4||7.6%||$3566.98||Camden County Bank||April 20, 2009|
|$147410.00||10||7.2%||$1726.79||Glasgow Savings Bank||February 13, 2012|
|$147140.00||9||5.7%||$1744.78||Central Bank||May 19, 2012|
|$147490.00||4||7.2%||$3545.53||Midwest BankCentre||September 10, 2012|
|$147390.00||8||11.7%||$2371.28||Commerce Bank of Richmond Heights||September 19, 2013|
6 Months in the Past, Sun Attempted to Find a High Risk Loan for $29,000.00, and it was Easy
It is an existing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Sun. Sun chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit applicants. Clients with credit scores as low as 356 can apply for a high risk loan and may be be approved.
- Full name (Changed if requested): Sun Udell
- Current Credit: loans.hit.utils.Fico@3d04a311
- Current City: Marble Hill
- State: Missouri
- Zip code: 63769
- Yearly income: $64,000
- Current Job: chemical plant operator
- Current County: Bollinger
- Goal Yearly Income: $145,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000
Conclusion of Sun’s no collateral loan
In the end, Sun was able to find a no collateral loan for $16000 with an interest rate of 9.8% interest APR from Mercantile Bank of Marble Hill in Marble Hill, Missouri repayable over 3 years from today.