$54000 Debt Consolidation Loan – Oak Brook Illinois, Credit Rating Of 788
- Experian: 806 – The client had an excellent Experian score
- Transunion: 770 – Gerda had an excellent credit rating with Transunion.
- Equifax: Gerda’s Experian score was 788, which is an excellent credit score on the Experian system.
Personal Loan for a real estate broker named Gerda in Oak Brook, Illinois to Pay Off AmTrust Bank Platinum Edition Visa Card
Gerda had a tonne of credit card debt on their USAA Military Affiliate World MasterCard and their Quicken Rewards Visa, and they were starting to get in over their heads. Despite Gerda’s job as a real estate broker, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
7 Months in the Past, Gerda Attempted to Find a High Risk Loan for $39,000.00, and it was Hard
There is an well known struggle for clients to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Gerda. Gerda decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Clients with credit ratings as low as 518 can inquire for a high risk loan and possibly can be approved.
Before applying for this debt consolidation loan, Gerda had an Experian score of 806, which is excellent, so National Bank of the Great Lakes most likely cannot provide Gerda a debt consolidation loan
Gerda has a low current gross income, but has a large amount of prospects
Gerda has always wanted to be a resource teacher, but would have to attend A.T. Still University of Health Sciences again to achieve it. Gerda has other prospects as well, including budget analyst, foreign exchange trader, and kindergarten teacher, which pay $58,000 through to $105,000 per year, on average. For this reason, we believe that Gerda can pay for this debt consolidation loan of $54000.
Installment loan for Gerda, a graduate of A.T. Still University of Health Sciences and a real estate broker working for over $78,000 per year
Gerda, an alumnus at A.T. Still University of Health Sciences and a real estate broker in Oak Brook, Illinois wants a debt consolidation loan to purchase a car. Gerda has instead chosen to obtain an installment loan for $5,000 and is currently seeking lenders like Greatbank Chicago to process their request.
Gerda’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their real estate broker job and their future job as a resource teacher
Gerda’s Transunion score was altered by the debt consolidation loan loan, changing to 770 from 788, which is typical in our experience.
Fast Loans for Gerda in Oak Brook, Illinois to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Oak Brook, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Gerda. Gerda was able to find a fast loan for $54000 from The State Bank of Geneva and Greatbank Chicago, but turned down both offers in favor of their debt consolidation loan from National Bank of the Great Lakes. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference in the case that a client is on the go.
Gerda was not approved by Metropolitan Bank and Trust Company 4 times before being accepted by National Bank of the Great Lakes at 900 Commerce Drive
On January 19, 2013, Gerda applied about borrowing $37,000 from First Chicago Bank of Oak Park with Edna, their friend from just outside Oak Brook, and even with the co-signer, Gerda was rejected for this debt consolidation loan. With excellent credit, it can be challenging to procure funding, even with collateral and a co-signer.
When Gerda was 18, they tried to obtain a student loan from 6 alternate banks, which damaged their credit score. Below is a chronology of Gerda’s previous attempts at finding a student loan:
- Attempt 1) Loan for $32,000.00 on April 2, 2009
- Attempt 2) Loan for $24,000.00 on June 18, 2010
- Attempt 3) Loan for $38,000.00 on January 23, 2011
- Attempt 4) Loan for $39,000.00 on January 29, 2011
- Attempt 5) Loan for $28,000.00 on September 2, 2012
- Attempt 6) Loan for $37,000.00 on May 15, 2009
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans vary from $22,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Gerda needed a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Gerda was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball 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 3.2%.
Contact Details for National Bank of the Great Lakes, the provider of this debt consolidation loan
- National Bank of the Great Lakes
- City: Oak Brook
- State: Illinois
- Address: 900 Commerce Drive
- County: Dupage
- Zip code: 60523
Previous requests on Gerda’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$121670.00||3||11.8%||$4029.57||The Gerber State Bank||November 18, 2010|
|$122160.00||11||11.5%||$1634.93||The Belvidere National Bank and Trust Company||June 2, 2014|
|$122190.00||3||7.2%||$3784.06||Commerce Bank||October 25, 2014|
|$121680.00||5||6.2%||$2363.75||Byron Bank||May 5, 2015|
- Full name (Changed if requested): Gerda Serafine
- Current Credit: loans.hit.utils.Fico@6f539caf
- Current City: Oak Brook
- State: Illinois
- Zip code: 60531
- Yearly income: $63,000
- Current Job: real estate broker
- Current County: Dupage
- Goal Yearly Income: $111,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $0
Signature Loan found in Oak Brook, Illinois for $54000 with excellent credit by Gerda
Most clients struggle with obtaining signature loans in Oak Brook, Illinois, and Gerda is the same. Gerda went to 7 lending institutions or more before settling on National Bank of the Great Lakes, who offered Gerda a signature loan for $54000. Typical signature loans simply need a client, like Gerda’s signature to obtain them, up to $40,000 in some cases. Gerda was able to get $54000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need collateral, they tend to need higher credit, as high as 702
Multiple other requests for credit have been made by Gerda in the past, including one from Chandler State Bank in Oak Brook, Illinois before Gerda was approved for the $54000 by National Bank of the Great Lakes
Gerda made 5 prior attempts to obtain a debt consolidation loan, 2 of which were with Chandler State Bank, a bank in Oak Brook, Illinois known to specialize in debt consolidation loans specifically. Prior to finding National Bank of the Great Lakes, Gerda was concerned due to their inexperience and excellent credit score.
Paraphrased and Standardized Quote from Gerda for this debt consolidation loan of $54000, provided by National Bank of the Great Lakes
Hello, I am Gerda and my hometown is Oak Brook in Illinois. Dupage, county is where I grew up, and now I need a debt consolidation loan in Illinois for $54000 to pay bills. It wasn’t easy, but National Bank of the Great Lakes really came through for me with this loan for 8.8% interest APR and a term of 6 years. I can probably repay the loan over the 6 year term, including interest. A big thanks to National Bank of the Great Lakes for giving me a chance and my excellent credit. It look me 5 years to create my credit to 788, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.
Conclusion of Gerda’s debt consolidation loan
In the end, Gerda was able to find a debt consolidation loan for $54000 with an interest rate of 9.2% interest APR from National Bank of the Great Lakes in Oak Brook, Illinois repayable over 6 years from today.