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Home Loan Of $84000 For Terrible Credit South Carolina Resident

$84000 Home Loan – Camden South Carolina, Credit Rating Of 361

  • Experian: 376 – This individual had a terrible Experian rating
  • Transunion: 342 – Riley had a terrible credit rating with Transunion.
  • Equifax: Riley’s Experian score was 361, which is a terrible credit score using the Experian rating scheme.

Previous requests on Riley’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$81430.00 11 9.1% $978.47 The Peoples Bank July 2, 2013
$80860.00 11 10.4% $1030.74 The Commercial Bank June 5, 2014
$80570.00 4 5.5% $1873.77 The Bank of Hartsville February 16, 2015
$81250.00 11 8.5% $949.52 Farmers and Merchants Bank of South Carolina March 15, 2015
$80830.00 8 10.2% $1235.1 The Security Bank April 25, 2015

Before applying for this home loan, Riley had an Experian score of 376, which is terrible, so The Bank of Camden likely cannot provide Riley a home loan

Experian Score: 376

Riley was rejected by The Security Bank 4 times before being accepted by The Bank of Camden at 631 W. Dekalb Street

On August 28, 2010, Riley inquired about borrowing $36,000 from American Bank & Trust with Dannette, their in law from just outside Camden, and even with the co-signer, Riley was rejected for this home loan. With terrible credit, it can be challenging to obtain financing, even with collateral and a co-signer.

When Riley was 18, they attempted to obtain a student loan from 7 alternate lenders, which damaged their credit score. Below is a list of Riley’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on January 12, 2011
  • Attempt 2) Loan for $31,000.00 on February 17, 2014
  • Attempt 3) Loan for $38,000.00 on December 22, 2012
  • Attempt 4) Loan for $27,000.00 on October 2, 2009
  • Attempt 5) Loan for $34,000.00 on December 4, 2011
  • Attempt 6) Loan for $36,000.00 on May 31, 2012
  • Attempt 7) Loan for $30,000.00 on April 13, 2011

Personal Loan for a military officer named Riley in Camden, South Carolina to Pay Off Brooks Brothers Platinum MasterCard

Riley had a tonne of credit card debt on their USAA Classic Platinum MasterCard and their Chevron and Texaco Credit Card, and they were starting to get in over their heads. Despite Riley’s job as a military officer, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

9 Months Ago, Riley Tried to Find a High Risk Loan for $31,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Riley. Riley decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit clients. Clients with credit ratings as low as 570 can inquire for a high risk loan and possibly can be approved.

Installment loan for Riley, a graduate of Reading Area Community College and a military officer working for over $71,000 per year

Riley, an alumnus at Reading Area Community College and a military officer in Camden, South Carolina needs a home loan to purchase something frivolous. Riley has instead decided to obtain an installment loan for $17,000 and is at present seeking lenders like The Conway National Bank to process their request.

Fast Loans for Riley in Camden, South Carolina to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Camden, South Carolina aren’t actually that difficult to obtain, especially if you have some gumption like Riley. Riley was able to find a fast loan for $84000 from The Bank of Walterboro and Wachovia Bank of South Carolina, National Association, but declined both offers in favor of their home loan from The Bank of Camden. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big difference in the case that a client is in a time sensitive situation.

Signature Loan easily acquired in Camden, South Carolina for $84000 with terrible credit by Riley

A lot of prospective borrowers struggle with finding signature loans in Camden, South Carolina, and Riley is no different. Riley went to 5 lending institutions or more prior to settling on The Bank of Camden, who offered Riley a signature loan for $84000. Typical signature loans simply require a client, like Riley’s signature to get them, up to $37,000 in some cases. Riley was able to get $84000 as a home loan, which is very high for a home loan. Because signature loans don’t need collateral, they tend to require improved credit, as high as 705

Client Profile: Riley Andreola of Camden, South Carolina
  • Full name (Changed if requested): Riley Andreola
  • Current Credit: loans.hit.utils.Fico@7591083d
  • Current City: Camden
  • State: South Carolina
  • Zip code: 29029
  • Yearly income: $68,000
  • Current Job: military officer
  • Current County: Kershaw
  • Goal Yearly Income: $131,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Contact Details for The Bank of Camden, the provider of this home loan

  • The Bank of Camden
  • City: Camden
  • State: South Carolina
  • Address: 631 W. Dekalb Street
  • County: Kershaw
  • Zip code: 29020

Multiple previous requests for credit have been made by Riley in the past, including one from Flagship Bank of Melbourne, National Association in Camden, South Carolina before Riley was approved for the $84000 by The Bank of Camden

Riley made 7 previous attempts to obtain a home loan, 2 of which were with Flagship Bank of Melbourne, National Association, a bank in Camden, South Carolina known to specialize in home loans specifically. Prior to finding The Bank of Camden, Riley was very concerned due to their inexperience and terrible credit score.

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $28,000.00 to $56,000.00. They are mainly used to pay off existing high interest loans like credit cards. Riley needed a debt consolidation loan to pay for their existing home loan and their payday loan. Riley was able to find a home loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.1%.

Paraphrased and Standardized Quote from Riley for this home loan of $84000, provided by The Bank of Camden

Hello, I am Riley and my hometown is Camden in South Carolina. Kershaw, county is where I grew up, and now I need a home loan in South Carolina for $84000 to buy a big ticket item. It has been difficult, but The Bank of Camden really came through for me with this loan for 7.0% interest APR and a term of 10 years. I will repay the loan over the 10 year term, including interest. A big thanks to The Bank of Camden for giving me a chance and my terrible credit. It look me 5 years to create my credit to 361, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Riley’s Overall FICO score at the time of acceptance for a home loan, taking into account their military officer job and their future job as an interpreter for the hearing impaired

Fico Score: 361

Riley has a very low current yearly income, but has a high number of prospects

Riley has always wanted to be an interpreter for the hearing impaired, but would have to attend Reading Area Community College again to achieve it. Riley has other prospects as well, including photoengravers, respiratory therapist, and legislative assistant, which pay $52,000 through to $99,000 per year, on average. Because of this, we think that Riley can pay for this home loan of $84000.

Riley’s Transunion score was changed by the home loan loan, changing to 342 from 361, which is typical in our experience.

Transunion Score: 342

Conclusion of Riley’s home loan

In the end, Riley was able to find a home loan for $84000 with an interest rate of 11.7% interest APR from The Bank of Camden in Camden, South Carolina repayable over 10 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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