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12 Year, Variable Interest Mortgage For Lynell In Mississippi

$45000 Mortgage – Bolton Mississippi, Credit Rating Of 698

  • Experian: 715 – This individual had a good Experian score
  • Transunion: 685 – Lynell had a good credit score with Transunion.
  • Equifax: Lynell’s Experian score was 698, which is a good credit score with the Experian rating scheme.

Installment loan for Lynell, a graduate of Atlanta School of Massage and a medical technologist working for over $73,000 per year

Lynell, an alumnus at Atlanta School of Massage and a medical technologist in Bolton, Mississippi wants a mortgage to purchase a car. Lynell has instead chosen to obtain an installment loan for $17,000 and is at present seeking lenders like Merchants Bank to provide it.

When Lynell was 21, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit score. Below is a list of Lynell’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on November 2, 2011
  • Attempt 2) Loan for $27,000.00 on January 13, 2009
  • Attempt 3) Loan for $32,000.00 on August 12, 2010
  • Attempt 4) Loan for $38,000.00 on October 25, 2011

9 Months in the Past, Lynell Attempted to Find a High Risk Loan for $38,000.00, and it was Easy

It is an existing struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Lynell. Lynell decided not to get a high risk loan this time. High Risk loans are given to terrible credit borrowers. Clients with credit ratings as low as 596 can apply for a high risk loan and may be be approved.

Contact Details for The Merchants Bank, Bolton, Mississippi, the provider of this mortgage

  • The Merchants Bank, Bolton, Mississippi
  • City: Bolton
  • State: Mississippi
  • Address: Main Street
  • County: Hinds
  • Zip code: 39041

Lynell has a sad current yearly income, but has a large amount of prospects

Lynell has always wanted to be a medical appliance technician, but would need attend Atlanta School of Massage again to achieve it. Lynell has other prospects as well, including sales representative, cook, and hazardous materials removal worker, which pay $55,000 through to $90,000 per year, on average. For this reason, we think that Lynell can afford this mortgage of $45000.

Lynell’s Overall FICO score at the time of acceptance for a mortgage, taking into account their medical technologist job and their future job as a medical appliance technician

Fico Score: 698

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $25,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Lynell required a debt consolidation loan to pay for their existing mortgage and their credit card. Lynell was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your bad, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.1%.

Paraphrased and Standardized Quote from Lynell for this mortgage of $45000, provided by The Merchants Bank, Bolton, Mississippi

Hi, I am Lynell and I am from Bolton in Mississippi. Hinds, county is where I grew up, and now I need a mortgage in Mississippi for $45000 to buy a car. It has been difficult, but The Merchants Bank, Bolton, Mississippi really came through for me with this loan for 5.1% interest APR and a term of 12 years. I can probably repay the loan over the 12 year term, including interest. A big thanks to The Merchants Bank, Bolton, Mississippi for giving me a chance and my good credit. It look me 8 years to create my credit to 698, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Lynell was not approved by The First National Bank of Laurel 4 times before being accepted by The Merchants Bank, Bolton, Mississippi at Main Street

On November 10, 2011, Lynell applied about borrowing $40,000 from First Mississippi National Bank with April, their friend from just outside Bolton, and even with the co-signer, Lynell was rejected for this mortgage. With good credit, it can be difficult to procure funding, even with collateral and a co-signer.

Several other requests for credit have been made by Lynell in the past, including one from Marietta Federal Savings and Loan Association in Bolton, Mississippi before Lynell was accepted for the $45000 by The Merchants Bank, Bolton, Mississippi

Lynell made 8 previous attempts to obtain a mortgage, 2 of which were with Marietta Federal Savings and Loan Association, a bank in Bolton, Mississippi known to specialize in mortgages specifically. Before finding The Merchants Bank, Bolton, Mississippi, Lynell was very concerned due to their inexperience and good credit rating.

Fast Loans for Lynell in Bolton, Mississippi to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Bolton, Mississippi aren’t actually that difficult to obtain, particularly if you have some gumption like Lynell. Lynell was able to find a fast loan for $45000 from Community Bank, Indianola, National Association and Merchants and Planters Bank, but declined both offers in favor of their mortgage from The Merchants Bank, Bolton, Mississippi. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better in the case that you are in a pinch.

Lynell’s Transunion score was changed by the mortgage loan, changing to 685 from 698, which is typical in our experience.

Transunion Score: 685

Before applying for this mortgage, Lynell had an Experian score of 715, which is good, so The Merchants Bank, Bolton, Mississippi most likely cannot provide Lynell a mortgage

Experian Score: 715

Signature Loan found in Bolton, Mississippi for $45000 with good credit by Lynell

Most prospective borrowers struggle with obtaining signature loans in Bolton, Mississippi, and Lynell is no different. Lynell went to 4 lending institutions or more before finding The Merchants Bank, Bolton, Mississippi, who offered Lynell a signature loan for $45000. Most signature loans simply need a client, like Lynell’s signature to get them, up to $29,000 in some cases. Lynell was able to get $45000 as a mortgage, which is very high for a mortgage. Because signature loans don’t need a cosigner, they tend to need better credit, as high as 712

Personal Loan for a medical technologist named Lynell in Bolton, Mississippi to Pay Off Animal Friends Visa Card

Lynell had a lot of credit card debt on their The Home Depot Consumer Credit Card and their PayPal Plus MasterCard, and they were starting to get in over their heads. Despite Lynell’s job as a medical technologist, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Client Profile: Lynell Malinky of Bolton, Mississippi
  • Full name (Changed if requested): Lynell Malinky
  • Current Credit: loans.hit.utils.Fico@65ae6ba4
  • Current City: Bolton
  • State: Mississippi
  • Zip code: 39047
  • Yearly income: $36,000
  • Current Job: medical technologist
  • Current County: Hinds
  • Goal Yearly Income: $90,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Previous requests on Lynell’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$34470.00 6 7.6% $597.66 Peoples Bank of Durant August 23, 2010
$34460.00 8 10.6% $533.91 Holmes County Bank & Trust Company November 2, 2012
$34240.00 6 11.7% $664.07 The Bank of Sebastopol December 20, 2012
$34110.00 6 5.4% $555.69 Merchants & Planters Bank September 28, 2014

Conclusion of Lynell’s mortgage

In the end, Lynell was able to find a mortgage for $45000 with an interest rate of 9.1% interest APR from The Merchants Bank, Bolton, Mississippi in Bolton, Mississippi repayable over 12 years from today.

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.