$56000 Home Loan – Silver Lake Wisconsin, Credit Score Of 588
- Experian: 598 – This client had a fair Experian rating
- Transunion: 576 – Pam had a fair credit score with Transunion.
- Equifax: Pam’s Experian score was 588, which is a fair credit score with the Experian scale.
- Full name (Changed if requested): Pam Mcindoe
- Current Credit: loans.hit.utils.Fico@3a4afd8d
- Current City: Silver Lake
- State: Wisconsin
- Zip code: 53174
- Yearly income: $45,000
- Current Job: chemical plant operator
- Current County: Kenosha
- Goal Yearly Income: $88,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Signature Loan acquired in Silver Lake, Wisconsin for $56000 with fair credit by Pam
Most prospective borrowers have difficulty with obtaining signature loans in Silver Lake, Wisconsin, and Pam is no different. Pam went to 8 lending institutions or more before settling on First Bank Southeast of Silver Lake, who offered Pam a signature loan for $56000. Typical signature loans simply require a client, like Pam’s signature to obtain them, up to $28,000 in some cases. Pam was able to get $56000 as a home loan, which is very high for a home loan. Because signature loans don’t need collateral, these loans generally require better credit, as high as 775
Pam’s Transunion score was altered by the home loan loan, changing to 576 from 588, which is normal in our experience.
When Pam was 23, they tried to obtain a student loan from 6 different lenders, which damaged their credit score. Below is a chronology of Pam’s prior attempts at finding a student loan:
- Attempt 1) Loan for $34,000.00 on July 4, 2010
- Attempt 2) Loan for $29,000.00 on March 22, 2012
- Attempt 3) Loan for $35,000.00 on April 11, 2011
- Attempt 4) Loan for $31,000.00 on March 8, 2010
- Attempt 5) Loan for $24,000.00 on November 20, 2012
- Attempt 6) Loan for $34,000.00 on December 7, 2011
Installment loan for Pam, a graduate of Rogers State University and a chemical plant operator working for over $68,000 per year
Pam, an alumnus at Rogers State University and a chemical plant operator in Silver Lake, Wisconsin wants a home loan to purchase a car. Pam has instead chosen to get an installment loan for $9,000 and is at present seeking lenders like Associated Bank Milwaukee to provide it.
Previous requests on Pam’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $23510.00 | 3 | 11.1% | $770.8 | M&I Bank of Burlington | December 24, 2011 |
| $24320.00 | 8 | 6.1% | $320.79 | M&I Marshall and Ilsley Bank | July 15, 2013 |
| $23870.00 | 4 | 8.8% | $591.74 | Continental Bank & Trust Co. | March 30, 2014 |
| $24300.00 | 5 | 6.5% | $475.46 | Clare Bank, National Association | December 23, 2014 |
| $23740.00 | 11 | 7.3% | $262.14 | Norwest Bank Wisconsin East Central | December 28, 2014 |
Contact Details for First Bank Southeast of Silver Lake, the provider of this home loan
- First Bank Southeast of Silver Lake
- City: Silver Lake
- State: Wisconsin
- Address: 740 Cogswell Drive
- County: Kenosha
- Zip code: 53170
Pam has a very low current gross income, but has several of prospects
Pam has always wanted to be a legal secretary, but would need attend Rogers State University again to become one. Pam has other prospects as well, including insurance adjuster, exhibit designer, and farm labor contractor, which pay $51,000 through to $104,000 per year, at least. Because of this, we believe that Pam can pay for this home loan of $56000.
6 Months in the Past, Pam Tried Finding a High Risk Loan for $26,000.00, and it was Hard
There is an ongoing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Pam. Pam decided not to get a high risk loan this time. High Risk loans are given to bad credit borrowers. Clients with credit ratings as low as 444 can inquire for a high risk loan and possibly can be accepted.
Fast Loans for Pam in Silver Lake, Wisconsin to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Silver Lake, Wisconsin aren’t actually that difficult to obtain, especially if you have some gumption like Pam. Pam was able to find a fast loan for $56000 from Marine Tobacco Exchange Bank and Marine Tobacco Exchange Bank, but declined both offers in favor of their home loan from First Bank Southeast of Silver Lake. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference in the case that you are in a pinch.
Pam was declined by Cudahy Marine Bank 5 times prior to being granted funding by First Bank Southeast of Silver Lake at 740 Cogswell Drive
On October 19, 2012, Pam inquired about borrowing $35,000 from Bank of Jackson with Bernadine, their friend from just outside Silver Lake, and even with the co-signer, Pam was rejected for this home loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.
Before applying for this home loan, Pam had an Experian score of 598, which is fair, so First Bank Southeast of Silver Lake likely cannot provide Pam a home loan
Pam’s Overall FICO score at the time of acceptance for a home loan, taking into account their chemical plant operator job and their future career as a legal secretary
Personal Loan for a chemical plant operator named Pam in Silver Lake, Wisconsin to Pay Off Southeastern Greyhound Adoption Visa Card
Pam had a tonne of credit card debt on their Tarjeta BankAmericard Visa and their First Niagara Bank Rewards MasterCard, and they were starting to get in over their heads. Despite Pam’s job as a chemical plant operator, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $29,000.00 to $57,000.00. They are typically used to pay off existing high interest loans like credit cards. Pam needed a debt consolidation loan to pay for their existing home loan and their payday loan. Pam was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.5%.
Paraphrased and Standardized Quote from Pam for this home loan of $56000, provided by First Bank Southeast of Silver Lake
Hello, I am Pam and I am from Silver Lake in Wisconsin. Kenosha, county is where I grew up, and now I need a home loan in Wisconsin for $56000 to pay bills. It has been difficult, but First Bank Southeast of Silver Lake really came through for me with this loan for 9.2% interest APR and a term of 7 years. I can repay the loan over the 7 year term, including interest. A big thanks to First Bank Southeast of Silver Lake for trusting me and my fair credit. It look me 4 years to create my credit to 588, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.
Several previous requests for credit have been made by Pam in the past, including one from The Citizens and Southern Bank of Dublin in Silver Lake, Wisconsin before Pam was approved for the $56000 by First Bank Southeast of Silver Lake
Pam made 4 previous attempts to obtain a home loan, 2 of which were with The Citizens and Southern Bank of Dublin, a lending institution in Silver Lake, Wisconsin known to specialize in home loans specifically. Prior to finding First Bank Southeast of Silver Lake, Pam was desperate due to their inexperience and fair credit rating.
Conclusion of Pam’s home loan
In the end, Pam was able to find a home loan for $56000 with an interest rate of 9.6% interest APR from First Bank Southeast of Silver Lake in Silver Lake, Wisconsin repayable over 7 years from now.
