$2000 Student Loan – Franklin Grove Illinois, Credit Score Of 659
- Experian: 669 – This client had a good Experian score
- Transunion: 640 – Aracelis had a good credit score with Transunion.
- Equifax: Aracelis’s Experian score was 659, which is a good credit score with the Experian scale.
Aracelis’s Overall FICO score at the time of acceptance for a student loan, taking into account their quality control coordinator job and their future career as a broadcast technician
Contact Details for Franklin Grove Bank, the provider of this student loan
- Franklin Grove Bank
- City: Franklin Grove
- State: Illinois
- Address: 108 Elm Street
- County: Lee
- Zip code: 61031
Fast Loans for Aracelis in Franklin Grove, Illinois to prevent bankruptcy or harm from debt collectors.
Fast loans in Franklin Grove, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Aracelis. Aracelis was able to find a fast loan for $2000 from Upper Avenue Bank and Community Banks of Shelby County, but turned down both offers in favor of their student loan from Franklin Grove Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big difference in the case that you are in a pinch.
Aracelis’s Transunion score was altered by the student loan loan, changing to 640 from 659, which is typical in our experience.
Before applying for this student loan, Aracelis had an Experian score of 669, which is good, so Franklin Grove Bank most likely cannot provide Aracelis a student loan
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $21,000.00 to $55,000.00. They are normally used to pay off existing high interest loans like credit cards. Aracelis needed a debt consolidation loan to pay for their existing student loan and their payday loan. Aracelis was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.1%.
Previous requests on Aracelis’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $94340.00 | 4 | 6.4% | $2232.92 | The Gerber State Bank | November 30, 2010 |
| $94190.00 | 9 | 8.7% | $1260.68 | The Belvidere National Bank and Trust Company | June 11, 2012 |
| $93600.00 | 11 | 9.5% | $1145.54 | Commerce Bank | July 2, 2012 |
| $93880.00 | 5 | 8.3% | $1917.06 | Byron Bank | May 23, 2013 |
Aracelis has a very low current total income, but has several of prospects
Aracelis has always wanted to be a broadcast technician, but would have to attend RGV Careers again to become one. Aracelis has other possibilities as well, including truck driver, vocational education instructors college, and animal control worker, which pay $52,000 through to $100,000 per year, at least. For this reason, we believe that Aracelis can afford this student loan of $2000.
Multiple past requests for credit have been made by Aracelis in the past, including one from Johnson County Bank in Franklin Grove, Illinois before Aracelis was accepted for the $2000 by Franklin Grove Bank
Aracelis made 8 previous tries to obtain a student loan, 2 of which were with Johnson County Bank, a lending institution in Franklin Grove, Illinois known to specialize in student loans specifically. Prior to finding Franklin Grove Bank, Aracelis was desperate due to their inexperience and good credit rating.
Paraphrased and Standardized Quote from Aracelis for this student loan of $2000, provided by Franklin Grove Bank
Hello, I am Aracelis and my hometown is Franklin Grove in Illinois. Lee, county is where I grew up, and now I need a student loan in Illinois for $2000 to buy a big ticket item. It wasn’t easy, but Franklin Grove Bank really came through for me with this loan for 9.6% interest APR and a term of 3 years. I can probably repay the loan over the 3 year term, including interest. A big thanks to Franklin Grove Bank for giving me a chance and my good credit. It look me 6 years to build my credit to 659, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.
When Aracelis was 23, they tried to obtain a student loan from 6 different lenders, which harmed their credit score. Below is a list of Aracelis’s prior attempts at finding a student loan:
- Attempt 1) Loan for $22,000.00 on March 28, 2010
- Attempt 2) Loan for $21,000.00 on November 8, 2009
- Attempt 3) Loan for $21,000.00 on April 29, 2011
- Attempt 4) Loan for $34,000.00 on January 16, 2010
- Attempt 5) Loan for $36,000.00 on July 26, 2009
- Attempt 6) Loan for $26,000.00 on March 7, 2014
Aracelis was not approved by The National Republic Bank of Chicago 7 times prior to being approved by Franklin Grove Bank at 108 Elm Street
On March 15, 2012, Aracelis inquired about borrowing $48,000 from Commerce Bank with Tristan, their friend from just outside Franklin Grove, and even with the co-signer, Aracelis was rejected for this student loan. With good credit, it can be very hard to obtain funding, even with collateral and a co-signer.
Installment loan for Aracelis, a graduate of RGV Careers and a quality control coordinator working for over $64,000 per year
Aracelis, an alumnus at RGV Careers and a quality control coordinator in Franklin Grove, Illinois needs a student loan to purchase a house. Aracelis has instead decided to get an installment loan for $5,000 and is at present seeking lenders like State Bank of Clearing to process their request.
Signature Loan found in Franklin Grove, Illinois for $2000 with good credit by Aracelis
Most prospective borrowers have difficulty with obtaining signature loans in Franklin Grove, Illinois, and Aracelis is no different. Aracelis went to 6 lending institutions or more prior to settling on Franklin Grove Bank, who offered Aracelis a signature loan for $2000. Typical signature loans simply require a client, like Aracelis’s signature to get them, up to $44,000 in some cases. Aracelis was able to get $2000 as a student loan, which is very high for a student loan. Because signature loans don’t need collateral, these loans generally require higher credit, as high as 728
6 Months Ago, Aracelis Attempted Finding a High Risk Loan for $47,000.00, and it was Easy
There is an well known struggle for clients to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Aracelis. Aracelis decided not to get a high risk loan this time. High Risk loans are given to very low credit clients. Clients with credit ratings as low as 379 can apply for a high risk loan and may be be accepted.
- Full name (Changed if requested): Aracelis Curylo
- Current Credit: loans.hit.utils.Fico@6f2b958e
- Current City: Franklin Grove
- State: Illinois
- Zip code: 61037
- Yearly income: $51,000
- Current Job: quality control coordinator
- Current County: Lee
- Goal Yearly Income: $114,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Personal Loan for a quality control coordinator named Aracelis in Franklin Grove, Illinois to Pay Off Milwaukee Brewers BankAmericard Cash Rewards MasterCard
Aracelis had a lot of credit card debt on their OneCause Visa Platinum and their NBT Bank Visa Secured Card, and they were starting to get in over their heads. Despite Aracelis’s job as a quality control coordinator, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Conclusion of Aracelis’s student loan
In the end, Aracelis was able to find a student loan for $2000 with an interest rate of 5.3% interest APR from Franklin Grove Bank in Franklin Grove, Illinois repayable over 3 years from today.
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