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Low Rate Private Loan For Renae In Albertville, Alabama

$54000 Private Loan – Albertville Alabama, Credit Score Of 477

  • Experian: 496 – This individual had a bad Experian score
  • Transunion: 463 – Renae had a bad credit score with Transunion.
  • Equifax: Renae’s Experian score was 477, which is a bad credit rating on the Experian rating scheme.
Client Profile: Renae Hiraoka of Albertville, Alabama
  • Full name (Changed if requested): Renae Hiraoka
  • Current Credit: loans.hit.utils.Fico@254989ff
  • Current City: Albertville
  • State: Alabama
  • Zip code: 35952
  • Yearly income: $49,000
  • Current Job: weather observer
  • Current County: Marshall
  • Goal Yearly Income: $108,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Renae’s Overall FICO score at the time of acceptance for a private loan, taking into account their weather observer job and their future career as a real estate lawyer

Fico Score: 477

Renae has a sad current gross income, but has several of prospects

Renae has always wanted to be a real estate lawyer, but would need attend University of Phoenix again to achieve it. Renae has other prospects as well, including architecture professor, commercial designer, and land surveyor, which pay $53,000 through to $102,000 per year, at least. For this reason, we think that Renae can afford this private loan of $54000.

Contact Details for First State Bank of Albertville, the provider of this private loan

  • First State Bank of Albertville
  • City: Albertville
  • State: Alabama
  • Address: 705 East Main Street
  • County: Marshall
  • Zip code: 35950

Installment loan for Renae, a graduate of University of Phoenix and a weather observer working for over $77,000 per year

Renae, an alumnus at University of Phoenix and a weather observer in Albertville, Alabama needs a private loan to purchase a house. Renae has instead decided to get an installment loan for $10,000 and is currently seeking lenders like SouthTrust Bank of Tuskegee to process their request.

Fast Loans for Renae in Albertville, Alabama to prevent bankruptcy or harm from debt collectors.

Fast loans in Albertville, Alabama aren’t actually that difficult to obtain, especially if you have some finesse like Renae. Renae was able to find a fast loan for $54000 from The Bank of Vernon and First Alabama Bank of Chilton County, but declined both offers in favor of their private loan from First State Bank of Albertville. 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 7 weeks for debt consolidation loans. A big difference in the case that a client is on the go.

Renae’s Transunion score was changed by the private loan loan, changing to 463 from 477, which is typical in our experience.

Transunion Score: 463

Many other requests for credit have been made by Renae in the past, including one from First Interstate Bank of Hardin in Albertville, Alabama before Renae was accepted for the $54000 by First State Bank of Albertville

Renae made 6 previous attempts to obtain a private loan, 2 of which were with First Interstate Bank of Hardin, a lending institution in Albertville, Alabama known to specialize in private loans specifically. Prior to finding First State Bank of Albertville, Renae was desperate due to their inexperience and bad credit rating.

Renae was not approved by First Alabama Bank of Covington County 4 times before being accepted by First State Bank of Albertville at 705 East Main Street

On November 13, 2010, Renae applied about borrowing $46,000 from The Bank of Parrish with Dotty, their friend from just outside Albertville, and even with the co-signer, Renae was rejected for this private loan. With bad credit, it can be a challenge to procure financing, even with collateral and a co-signer.

7 Months Ago, Renae Tried Finding a High Risk Loan for $49,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Renae. Renae chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Individuals with credit scores as low as 545 can apply for a high risk loan and may be be accepted.

Personal Loan for a weather observer named Renae in Albertville, Alabama to Pay Off Tioga State Bank Secured Visa Card

Renae had a lot of credit card debt on their Northwestern University Platinum MasterCard and their Atlantic Stewardship Bank Secured Visa Card, and they were starting to get in over their heads. Despite Renae’s job as a weather observer, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this private loan, Renae had an Experian score of 496, which is bad, so First State Bank of Albertville likely cannot provide Renae a private loan

Experian Score: 496

Previous requests on Renae’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$129400.00 11 6.5% $1374.72 AuburnBank November 23, 2009
$129480.00 7 7.4% $1979.62 Bank of the South January 25, 2013
$129290.00 11 10.6% $1662.9 Alabama City Bank of Gadsden, Alabama September 29, 2014
$128530.00 7 9.5% $2100.69 The Exchange Bank, Attalla, Alabama April 23, 2015

When Renae was 22, they tried to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a list of Renae’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on December 11, 2010
  • Attempt 2) Loan for $21,000.00 on November 15, 2010
  • Attempt 3) Loan for $35,000.00 on September 30, 2012
  • Attempt 4) Loan for $28,000.00 on September 17, 2010
  • Attempt 5) Loan for $36,000.00 on December 20, 2010
  • Attempt 6) Loan for $20,000.00 on May 5, 2013

Paraphrased and Standardized Quote from Renae for this private loan of $54000, provided by First State Bank of Albertville

Hello, I am Renae and my hometown is Albertville in Alabama. Marshall, county is where I grew up, and now I need a private loan in Alabama for $54000 to renovate my home. It wasn’t easy, but First State Bank of Albertville really came through for me with this loan for 10.7% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to First State Bank of Albertville for giving me a chance and my bad credit. It look me 6 years to create my credit to 477, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

Signature Loan easily acquired in Albertville, Alabama for $54000 with bad credit by Renae

Many clients struggle with finding signature loans in Albertville, Alabama, and Renae is no different. Renae went to 7 lenders or more before finding First State Bank of Albertville, who offered Renae a signature loan for $54000. Typical signature loans simply require a client, like Renae’s signature to obtain them, up to $33,000 in some cases. Renae was able to get $54000 as a private loan, which is very high for a private loan. Because signature loans don’t require collateral, these loans generally need improved credit, as high as 739

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $26,000.00 to $52,000.00. They are normally used to pay off existing high interest loans like credit cards. Renae needed a debt consolidation loan to pay for their existing private loan and their credit card. Renae was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.0%.

Conclusion of Renae’s private loan

In the end, Renae was able to find a private loan for $54000 with an interest rate of 10.2% interest APR from First State Bank of Albertville in Albertville, Alabama repayable over 12 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.