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9 Year, Variable Interest Student Loan For Hiram In West Virginia

$22000 Student Loan – Oak Hill West Virginia, Credit Score Of 763

  • Experian: 779 – They had an excellent Experian score
  • Transunion: 749 – Hiram had an excellent credit score with Transunion.
  • Equifax: Hiram’s Experian score was 763, which is an excellent credit rating with the Experian system.

Hiram’s Overall FICO score at the time of acceptance for a student loan, taking into account their land surveyor job and their future job as a historic site administrator

Fico Score: 763

6 Months in the Past, Hiram Attempted to Find a High Risk Loan for $32,000.00, and it was Easy

There is an well known struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Hiram. Hiram chose not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Clients with credit ratings as low as 493 can inquire for a high risk loan and may be be approved.

Fast Loans for Hiram in Oak Hill, West Virginia to prevent bankruptcy or harm from debt collectors.

Fast loans in Oak Hill, West Virginia aren’t actually that difficult to obtain, especially if you have some gumption like Hiram. Hiram was able to find a fast loan for $22000 from F & M Bank-Keyser, Inc. and Summit Community Bank, but declined both offers in favor of their student loan from Merchants & Miners National Bank of Oak Hill. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement in the case that a borrower is on the go.

Hiram was declined by One Valley Bank of Oak Hill, Inc. 6 times prior to being approved by Merchants & Miners National Bank of Oak Hill at Main Street

On February 21, 2012, Hiram applied about borrowing $49,000 from One Valley Bank of Oak Hill, Inc. with Victoria, their friend from just outside Oak Hill, and even with the co-signer, Hiram was rejected for this student loan. With excellent credit, it can be very hard to procure financing, even with collateral and a co-signer.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans range from $28,000.00 to $52,000.00. They are mainly used to pay off existing high interest loans like credit cards. Hiram required a debt consolidation loan to pay for their existing student loan and their credit card. Hiram 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 a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.7%.

Signature Loan acquired in Oak Hill, West Virginia for $22000 with excellent credit by Hiram

Most borrowers have difficulty with obtaining signature loans in Oak Hill, West Virginia, and Hiram is not an exception. Hiram went to 6 lending institutions or more before settling on Merchants & Miners National Bank of Oak Hill, who offered Hiram a signature loan for $22000. Most signature loans simply need a client, like Hiram’s signature to get them, up to $49,000 in some cases. Hiram was able to get $22000 as a student loan, which is very high for a student loan. Because signature loans don’t need collateral, these loans tend to need better credit, as high as 786

Personal Loan for a land surveyor named Hiram in Oak Hill, West Virginia to Pay Off The Kardashian Prepaid MasterCard

Hiram had a tonne of credit card debt on their Fifth Third Standard Platinum Card and their Association of Graduates U.S. Air Force Academy Credit Card, and they were starting to get in over their heads. Despite Hiram’s job as a land surveyor, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Before applying for this student loan, Hiram had an Experian score of 779, which is excellent, so Merchants & Miners National Bank of Oak Hill probably cannot provide Hiram a student loan

Experian Score: 779

Client Profile: Hiram Yopp of Oak Hill, West Virginia
  • Full name (Changed if requested): Hiram Yopp
  • Current Credit: loans.hit.utils.Fico@312b1dae
  • Current City: Oak Hill
  • State: West Virginia
  • Zip code: 25910
  • Yearly income: $38,000
  • Current Job: land surveyor
  • Current County: Fayette
  • Goal Yearly Income: $134,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Many previous requests for credit have been made by Hiram in the past, including one from First & Peoples Bank, Springfield, Kentucky in Oak Hill, West Virginia before Hiram was accepted for the $22000 by Merchants & Miners National Bank of Oak Hill

Hiram made 6 previous tries to obtain a student loan, 2 of which were with First & Peoples Bank, Springfield, Kentucky, a lending institution in Oak Hill, West Virginia known to specialize in student loans specifically. Prior to finding Merchants & Miners National Bank of Oak Hill, Hiram was desperate due to their inexperience and excellent credit score.

Previous requests on Hiram’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$138220.00 3 5.4% $4167.45 Wesbanco Bank Sistersville January 13, 2010
$137890.00 9 9.5% $1904.17 Wesbanco Bank, Inc. November 13, 2012
$138100.00 3 8.1% $4333.93 Peoples State Bank, National Association June 28, 2014
$137510.00 11 8.1% $1577.15 Kanawha Banking & Trust Company National Association April 10, 2015

Installment loan for Hiram, a graduate of Carnegie Mellon University and a land surveyor working for over $76,000 per year

Hiram, an alumnus at Carnegie Mellon University and a land surveyor in Oak Hill, West Virginia needs a student loan to purchase a house. Hiram has instead chosen to get an installment loan for $29,000 and is at present seeking lenders like Community Bank & Trust of Ritchie County, Inc. to process their request.

When Hiram was 24, they tried to obtain a student loan from 6 different lenders, which damaged their credit score. Below is a list of Hiram’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on August 6, 2009
  • Attempt 2) Loan for $35,000.00 on May 22, 2010
  • Attempt 3) Loan for $25,000.00 on November 9, 2011
  • Attempt 4) Loan for $30,000.00 on January 7, 2010
  • Attempt 5) Loan for $32,000.00 on May 18, 2011
  • Attempt 6) Loan for $38,000.00 on December 4, 2009

Hiram has a very low current total income, but has a high number of prospects

Hiram has always wanted to be a historic site administrator, but would have to attend Carnegie Mellon University again to become one. Hiram has other possibilities as well, including marine cargo surveyor, railroad inspector, and computer customer support specialist, which pay $59,000 through to $100,000 per year, on average. Because of this, we believe that Hiram can pay for this student loan of $22000.

Paraphrased and Standardized Quote from Hiram for this student loan of $22000, provided by Merchants & Miners National Bank of Oak Hill

Hi, I am Hiram and I’m from Oak Hill in West Virginia. Fayette, county is where I grew up, and now I need a student loan in West Virginia for $22000 to buy a car. It has been difficult, but Merchants & Miners National Bank of Oak Hill really came through for me with this loan for 7.8% interest APR and a term of 9 years. I can repay the loan over the 9 year term, including interest. A big thanks to Merchants & Miners National Bank of Oak Hill for trusting me and my excellent credit. It look me 8 years to build my credit to 763, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Contact Details for Merchants & Miners National Bank of Oak Hill, the provider of this student loan

  • Merchants & Miners National Bank of Oak Hill
  • City: Oak Hill
  • State: West Virginia
  • Address: Main Street
  • County: Fayette
  • Zip code: 25901

Hiram’s Transunion score was changed by the student loan loan, changing to 749 from 763, which is normal in our experience.

Transunion Score: 749

Conclusion of Hiram’s student loan

In the end, Hiram was able to find a student loan for $22000 with an interest rate of 5.6% interest APR from Merchants & Miners National Bank of Oak Hill in Oak Hill, West Virginia repayable over 9 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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