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$16000 Fast Loan With Terrible Credit In Manchester Missouri

$16000 Fast Loan – Manchester Missouri, Credit Score Of 388

  • Experian: 401 – This individual had a terrible Experian rating
  • Transunion: 374 – Thanh had a terrible credit score with Transunion.
  • Equifax: Thanh’s Experian score was 388, which is a terrible credit rating on the Experian scale.
Client Profile: Thanh Lacorte of Manchester, Missouri
  • Full name (Changed if requested): Thanh Lacorte
  • Current Credit: loans.hit.utils.Fico@5ccd43c2
  • Current City: Manchester
  • State: Missouri
  • Zip code: 63012
  • Yearly income: $41,000
  • Current Job: sales representative
  • Current County: St. Louis
  • Goal Yearly Income: $101,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Thanh’s Overall FICO score at the time of acceptance for a fast loan, taking into account their sales representative job and their future career as a narcotics investigator

Fico Score: 388

Fast Loans for Thanh in Manchester, Missouri to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Manchester, Missouri aren’t actually that difficult to obtain, particularly if you have some gumption like Thanh. Thanh was able to find a fast loan for $16000 from Cass Commercial Bank and Southern Commercial Bank, but declined both offers in favor of their fast loan from First Federal Savings and Loan Association. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement in the case that a borrower is on the go.

Multiple previous requests for credit have been made by Thanh in the past, including one from National Bank of Greece, S.A. in Manchester, Missouri before Thanh was approved for the $16000 by First Federal Savings and Loan Association

Thanh made 7 previous tries to obtain a fast loan, 2 of which were with National Bank of Greece, S.A., a lending institution in Manchester, Missouri known to specialize in fast loans specifically. Prior to finding First Federal Savings and Loan Association, Thanh was concerned due to their inexperience and terrible credit rating.

Before applying for this fast loan, Thanh had an Experian score of 401, which is terrible, so First Federal Savings and Loan Association likely cannot provide Thanh a fast loan

Experian Score: 401

Installment loan for Thanh, a graduate of Lakeshore Technical College and a sales representative working for over $77,000 per year

Thanh, an alumnus at Lakeshore Technical College and a sales representative in Manchester, Missouri needs a fast loan to purchase a house. Thanh has instead chosen to obtain an installment loan for $26,000 and is at present seeking lenders like Midwest BankCentre to provide it.

Thanh has a low current yearly income, but has a large amount of prospects

Thanh has always wanted to be a narcotics investigator, but would have to attend Lakeshore Technical College again to achieve it. Thanh has other prospects as well, including admiralty lawyer, marine surveyor, and radio & tv newscaster, which pay $59,000 through to $93,000 per year, on average. Because of this, we believe that Thanh can pay for this fast loan of $16000.

Thanh’s Transunion score was changed by the fast loan loan, changing to 374 from 388, which is normal in our experience.

Transunion Score: 374

Previous requests on Thanh’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$27100.00 9 6.4% $330.74 Camden County Bank August 5, 2012
$26850.00 11 10.4% $342.26 Glasgow Savings Bank March 27, 2014
$27370.00 5 8.1% $556.28 Central Bank November 8, 2014
$26860.00 8 7.2% $368.88 Midwest BankCentre June 18, 2015

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans vary from $39,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Thanh needed a debt consolidation loan to pay for their existing fast loan and their loan shark loan. Thanh was able to find a fast loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.5%.

Thanh was declined by Jefferson-Gravois Bank of St. Louis 4 times prior to being accepted by First Federal Savings and Loan Association at 14523 Manchester Road

On June 21, 2011, Thanh applied about borrowing $21,000 from The Baden Bank of St. Louis with Rossana, their friend from just outside Manchester, and even with the co-signer, Thanh was rejected for this fast loan. With terrible credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Thanh for this fast loan of $16000, provided by First Federal Savings and Loan Association

Hi, I am Thanh and I am from Manchester in Missouri. St. Louis, county is where I grew up, and now I need a fast loan in Missouri for $16000 to avoid bankruptcy. It has been difficult, but First Federal Savings and Loan Association really came through for me with this loan for 7.1% interest APR and a term of 21 years. I will repay the loan over the 21 year term, including interest. A big thanks to First Federal Savings and Loan Association for giving me a chance and my terrible credit. It look me 8 years to create my credit to 388, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

7 Months in the Past, Thanh Tried Finding a High Risk Loan for $46,000.00, and it was Hard

There 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 the like, which can be scary to borrowers like Thanh. Thanh chose not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Clients with credit ratings as low as 325 can apply for a high risk loan and have a chance to be approved.

When Thanh was 22, they attempted to obtain a student loan from 5 different banks, which harmed their credit score. Below is a list of Thanh’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on July 17, 2010
  • Attempt 2) Loan for $20,000.00 on July 20, 2010
  • Attempt 3) Loan for $21,000.00 on November 16, 2010
  • Attempt 4) Loan for $31,000.00 on September 27, 2012
  • Attempt 5) Loan for $26,000.00 on November 17, 2009

Signature Loan easily acquired in Manchester, Missouri for $16000 with terrible credit by Thanh

Most borrowers have difficulty with finding signature loans in Manchester, Missouri, and Thanh is no different. Thanh went to 8 lending institutions or more before finding First Federal Savings and Loan Association, who offered Thanh a signature loan for $16000. Most signature loans simply need a client, like Thanh’s signature to obtain them, up to $28,000 in some cases. Thanh was able to get $16000 as a fast loan, which is very high for a fast loan. Because signature loans don’t need collateral, they tend to need improved credit, as high as 781

Contact Details for First Federal Savings and Loan Association, the provider of this fast loan

  • First Federal Savings and Loan Association
  • City: Manchester
  • State: Missouri
  • Address: 14523 Manchester Road
  • County: St. Louis
  • Zip code: 63011

Personal Loan for a sales representative named Thanh in Manchester, Missouri to Pay Off Lane Bryant Credit Card

Thanh had a lot of credit card debt on their USAA Cash Rewards World MasterCard and their SunTrust Platinum, and they were starting to get in over their heads. Despite Thanh’s job as a sales representative, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Conclusion of Thanh’s fast loan

In the end, Thanh was able to find a fast loan for $16000 with an interest rate of 7.2% interest APR from First Federal Savings and Loan Association in Manchester, Missouri repayable over 21 years from now.

Will Alexander

Will Alexander has over 10 years of experience as a financial expert and writer. The goal of his work is to assist the people of Texas in finding loans for lower interest rates than they thought were possible. Will specializes in bad credit loans.

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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.