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5 Year Debt Consolidation Loan For Jenelle In New Albany Indiana

$36000 Debt Consolidation Loan – New Albany Indiana, Credit Score Of 762

  • Experian: 778 – They had an excellent Experian rating
  • Transunion: 745 – Jenelle had an excellent credit rating with Transunion.
  • Equifax: Jenelle’s Experian score was 762, which is an excellent credit score on the Experian system.

Personal Loan for an urban and regional planner named Jenelle in New Albany, Indiana to Pay Off Hawaiian Airlines World Elite MasterCard

Jenelle had a lot of credit card debt on their First Command Bank Platinum Visa Card and their Mio Prepaid Credit Card, and they were starting to get in over their heads. Despite Jenelle’s job as an urban and regional planner, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $24,000.00 to $55,000.00. They are typically used to pay off existing high interest loans like credit cards. Jenelle needed a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Jenelle was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your bad, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.4%.

9 Months in the Past, Jenelle Tried to Find a High Risk Loan for $44,000.00, and it was Hard

It is an well known struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Jenelle. Jenelle decided not to obtain a high risk loan this time. High Risk loans are given to bad credit applicants. Individuals with credit ratings as low as 342 can inquire for a high risk loan and may be be accepted.

Many previous requests for credit have been made by Jenelle in the past, including one from Heritage Bank of the South in New Albany, Indiana before Jenelle was approved for the $36000 by National City Bank of Southern Indiana

Jenelle made 7 previous attempts to obtain a debt consolidation loan, 2 of which were with Heritage Bank of the South, a lender in New Albany, Indiana known to specialize in debt consolidation loans specifically. Before finding National City Bank of Southern Indiana, Jenelle was desperate due to their inexperience and excellent credit score.

Previous requests on Jenelle’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$115890.00 4 6.5% $2748.33 The Citizens Exchange Bank December 21, 2010
$116380.00 6 10.4% $2179.59 Alliance Bank October 8, 2014
$116330.00 7 11.4% $2016.4 Farmers State Bank December 2, 2014
$116210.00 5 6.2% $2257.49 First United Bank, National Association December 17, 2014
$116340.00 4 9.7% $2933.95 Farmers State Bank March 23, 2015

Contact Details for National City Bank of Southern Indiana, the provider of this debt consolidation loan

  • National City Bank of Southern Indiana
  • City: New Albany
  • State: Indiana
  • Address: 320 Pearl Street
  • County: Floyd
  • Zip code: 47150

When Jenelle was 22, they tried to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a chronology of Jenelle’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on December 2, 2012
  • Attempt 2) Loan for $24,000.00 on March 25, 2013
  • Attempt 3) Loan for $30,000.00 on May 23, 2011
  • Attempt 4) Loan for $35,000.00 on February 7, 2009
  • Attempt 5) Loan for $27,000.00 on March 24, 2012

Before applying for this debt consolidation loan, Jenelle had an Experian score of 778, which is excellent, so National City Bank of Southern Indiana most likely can provide Jenelle a debt consolidation loan

Experian Score: 778

Jenelle’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their urban and regional planner job and their future job as a sport’s/entertainment agent

Fico Score: 762

Fast Loans for Jenelle in New Albany, Indiana to prevent bankruptcy or harm from debt collectors.

Fast loans in New Albany, Indiana aren’t actually that difficult to obtain, especially if you have some finesse like Jenelle. Jenelle was able to find a fast loan for $36000 from The Stockwell State Bank and American State Bank, but turned down both offers in favor of their debt consolidation loan from National City Bank of Southern Indiana. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big improvement in the case that a client is on the go.

Jenelle’s Transunion score was changed by the debt consolidation loan loan, changing to 745 from 762, which is normal in our experience.

Transunion Score: 745

Jenelle has a sad current yearly income, but has several of prospects

Jenelle has always wanted to be a sport’s/entertainment agent, but would have to attend Forsyth Technical Community College again to become one. Jenelle has other prospects as well, including numerical tool programmer, motorboat mechanic, and high school administrator, which pay $54,000 through to $96,000 per year, at least. Because of this, we think that Jenelle can pay for this debt consolidation loan of $36000.

Client Profile: Jenelle Sobin of New Albany, Indiana
  • Full name (Changed if requested): Jenelle Sobin
  • Current Credit: loans.hit.utils.Fico@7de26db8
  • Current City: New Albany
  • State: Indiana
  • Zip code: 47158
  • Yearly income: $63,000
  • Current Job: urban and regional planner
  • Current County: Floyd
  • Goal Yearly Income: $109,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Installment loan for Jenelle, a graduate of Forsyth Technical Community College and an urban and regional planner working for over $78,000 per year

Jenelle, an alumnus at Forsyth Technical Community College and an urban and regional planner in New Albany, Indiana wants a debt consolidation loan to purchase a car. Jenelle has instead chosen to obtain an installment loan for $14,000 and is at present seeking lenders like Norwest Bank Monticello to provide it.

Signature Loan easily acquired in New Albany, Indiana for $36000 with excellent credit by Jenelle

Most clients have difficulty with obtaining signature loans in New Albany, Indiana, and Jenelle is not an exception. Jenelle went to 8 lending institutions or more before settling on National City Bank of Southern Indiana, who offered Jenelle a signature loan for $36000. Most signature loans simply need a client, like Jenelle’s signature to obtain them, up to $35,000 in some cases. Jenelle was able to get $36000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans do not require a cosigner, they tend to require better credit, as high as 771

Paraphrased and Standardized Quote from Jenelle for this debt consolidation loan of $36000, provided by National City Bank of Southern Indiana

Hi, I am Jenelle and my hometown is New Albany in Indiana. Floyd, county is where I grew up, and now I need a debt consolidation loan in Indiana for $36000 to buy a big ticket item. It wasn’t easy, but National City Bank of Southern Indiana really came through for me with this loan for 6.1% 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 City Bank of Southern Indiana for trusting me and my excellent credit. It look me 6 years to create my credit to 762, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

Jenelle was not approved by STAR, Financial Bank, Elwood 6 times prior to being approved by National City Bank of Southern Indiana at 320 Pearl Street

On March 24, 2012, Jenelle inquired about borrowing $41,000 from Farmers State Bank with Mariella, their in law from just outside New Albany, and even with the co-signer, Jenelle was rejected for this debt consolidation loan. With excellent credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Conclusion of Jenelle’s debt consolidation loan

In the end, Jenelle was able to find a debt consolidation loan for $36000 with an interest rate of 10.8% interest APR from National City Bank of Southern Indiana in New Albany, Indiana repayable over 6 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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