$129000 No Collateral Loan – Hudsonville Michigan, Credit Rating Of 398
- Experian: 414 – This client had a terrible Experian rating
- Transunion: 379 – Su had a terrible credit score with Transunion.
- Equifax: Su’s Experian score was 398, which is a terrible credit rating using the Experian scale.
Before applying for this no collateral loan, Su had an Experian score of 414, which is terrible, so West Michigan Community Bank likely cannot provide Su a no collateral loan
Previous requests on Su’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$42200.00||6||9.6%||$773.3||Society Bank, Lenawee||September 4, 2011|
|$42470.00||5||6.2%||$825.02||Bank of Lenawee||March 24, 2012|
|$41720.00||3||11.7%||$1379.73||First of America Bank – Alpena||September 4, 2012|
|$42300.00||7||5.7%||$611.88||NBD Ann Arbor, National Association||October 20, 2013|
Su has a disappointing current gross income, but has a high number of prospects
Su has always wanted to be a medical photographer, but would need attend Minnesota State University – Mankato again to achieve it. Su has other prospects as well, including customer service representative, hotel convention/events coordinator, and social welfare administrator, which pay $53,000 through to $98,000 per year, at least. Because of this, we think that Su can pay for this no collateral loan of $129000.
Installment loan for Su, a graduate of Minnesota State University – Mankato and a factory layout engineer working for over $76,000 per year
Su, an alumnus at Minnesota State University – Mankato and a factory layout engineer in Hudsonville, Michigan needs a no collateral loan to purchase a car. Su has instead decided to get an installment loan for $29,000 and is currently seeking lenders like NBD Ann Arbor, National Association to process their request.
Contact Details for West Michigan Community Bank, the provider of this no collateral loan
- West Michigan Community Bank
- City: Hudsonville
- State: Michigan
- Address: 5367 School Avenue
- County: Ottawa
- Zip code: 49426
7 Months in the Past, Su Attempted Finding a High Risk Loan for $39,000.00, and it was Hard
It is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Su. Su chose not to get a high risk loan this time. High Risk loans are given to terrible credit borrowers. Borrowers with credit scores as low as 422 can apply for a high risk loan and possibly can be accepted.
Su’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their factory layout engineer job and their future job as a medical photographer
Fast Loans for Su in Hudsonville, Michigan to prevent bankruptcy or harm from debt collectors.
Fast loans in Hudsonville, Michigan aren’t actually that difficult to obtain, especially if you have some gumption like Su. Su was able to find a fast loan for $129000 from Michigan National Bank-Michiana and NBD Ann Arbor, National Association, but turned down both offers in favor of their no collateral loan from West Michigan Community Bank. 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 5 weeks for installment loans. A big difference in the case that a borrower is in a time sensitive situation.
Personal Loan for a factory layout engineer named Su in Hudsonville, Michigan to Pay Off Phillips 66
Su had a lot of credit card debt on their Detroit Tigers BankAmericard Cash Rewards MasterCard and their Staples Commercial Billing Account, and they were starting to get in over their heads. Despite Su’s job as a factory layout engineer, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Signature Loan acquired in Hudsonville, Michigan for $129000 with terrible credit by Su
A lot of clients have difficulty with finding signature loans in Hudsonville, Michigan, and Su is not an exception. Su went to 7 lenders or more prior to finding West Michigan Community Bank, who offered Su a signature loan for $129000. Most signature loans simply require a client, like Su’s signature to get them, up to $21,000 in some cases. Su was able to get $129000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans do not require collateral, they generally need higher credit, as high as 768
When Su was 19, they tried to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a chronology of Su’s previous attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on November 10, 2013
- Attempt 2) Loan for $31,000.00 on May 24, 2012
- Attempt 3) Loan for $26,000.00 on December 16, 2008
- Attempt 4) Loan for $31,000.00 on July 10, 2009
- Attempt 5) Loan for $24,000.00 on April 24, 2011
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans range from $29,000.00 to $46,000.00. They are normally used to pay off existing high interest loans like credit cards. Su needed a debt consolidation loan to pay for their existing no collateral loan and their credit card. Su was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.4%.
Paraphrased and Standardized Quote from Su for this no collateral loan of $129000, provided by West Michigan Community Bank
Hi, I am Su and I’m from Hudsonville in Michigan. Ottawa, county is where I grew up, and now I need a no collateral loan in Michigan for $129000 to pay bills. It has been difficult, but West Michigan Community Bank really came through for me with this loan for 11.2% 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 West Michigan Community Bank for trusting me and my terrible credit. It look me 5 years to create my credit to 398, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.
Su’s Transunion score was changed by the no collateral loan loan, changing to 379 from 398, which is typical in our experience.
Su was declined by Michigan National Bank-Michiana 7 times prior to being approved by West Michigan Community Bank at 5367 School Avenue
On July 20, 2010, Su applied about borrowing $43,000 from Citizens State Bank with Lue, their friend from just outside Hudsonville, and even with the co-signer, Su was rejected for this no collateral loan. With terrible credit, it can be challenging to procure financing, even with collateral and a co-signer.
- Full name (Changed if requested): Su Scarpati
- Current Credit: loans.hit.utils.Fico@45ff54e6
- Current City: Hudsonville
- State: Michigan
- Zip code: 49435
- Yearly income: $39,000
- Current Job: factory layout engineer
- Current County: Ottawa
- Goal Yearly Income: $94,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000
Several previous requests for credit have been made by Su in the past, including one from Mercantile National Bank in Hudsonville, Michigan before Su was approved for the $129000 by West Michigan Community Bank
Su made 8 previous tries to obtain a no collateral loan, 2 of which were with Mercantile National Bank, a lender in Hudsonville, Michigan known to specialize in no collateral loans specifically. Prior to finding West Michigan Community Bank, Su was concerned due to their inexperience and terrible credit rating.
Conclusion of Su’s no collateral loan
In the end, Su was able to find a no collateral loan for $129000 with an interest rate of 11.0% interest APR from West Michigan Community Bank in Hudsonville, Michigan repayable over 19 years from today.