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Kellee Wanted A Secured Loan For $24000, Lafayette, Indiana

$24000 Secured Loan – Lafayette Indiana, Credit Rating Of 549

  • Experian: 560 – The client had a fair Experian score
  • Transunion: 536 – Kellee had a fair credit rating with Transunion.
  • Equifax: Kellee’s Experian score was 549, which is a fair credit score with the Experian rating scheme.

Paraphrased and Standardized Quote from Kellee for this secured loan of $24000, provided by Star City Federal Savings and Loan Association of Lafayette

Hi, I am Kellee and I am from Lafayette in Indiana. Tippecanoe, county is where I grew up, and now I need a secured loan in Indiana for $24000 to buy a car. It has been difficult, but Star City Federal Savings and Loan Association of Lafayette really came through for me with this loan for 7.3% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to Star City Federal Savings and Loan Association of Lafayette for giving me a chance and my fair credit. It look me 6 years to build my credit to 549, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Many other requests for credit have been made by Kellee in the past, including one from American National Bank of Pottsboro in Lafayette, Indiana before Kellee was accepted for the $24000 by Star City Federal Savings and Loan Association of Lafayette

Kellee made 7 prior attempts to obtain a secured loan, 2 of which were with American National Bank of Pottsboro, a lending institution in Lafayette, Indiana known to specialize in secured loans specifically. Before finding Star City Federal Savings and Loan Association of Lafayette, Kellee was concerned due to their inexperience and fair credit rating.

Signature Loan easily acquired in Lafayette, Indiana for $24000 with fair credit by Kellee

Many borrowers have difficulty with obtaining signature loans in Lafayette, Indiana, and Kellee is not an exception. Kellee went to 5 lenders or more before settling on Star City Federal Savings and Loan Association of Lafayette, who offered Kellee a signature loan for $24000. Most signature loans simply need a client, like Kellee’s signature to get them, up to $20,000 in some cases. Kellee was able to get $24000 as a secured loan, which is very high for a secured loan. Because signature loans don’t require collateral, these loans tend to need higher credit, as high as 741

Kellee’s Transunion score was altered by the secured loan loan, changing to 536 from 549, which is normal in our experience.

Transunion Score: 536

Installment loan for Kellee, a graduate of I.C.E. Beauty School & Spa Training Center and a petroleum refinery operator working for over $72,000 per year

Kellee, an alumnus at I.C.E. Beauty School & Spa Training Center and a petroleum refinery operator in Lafayette, Indiana needs a secured loan to purchase a new cell phone. Kellee has instead chosen to obtain an installment loan for $13,000 and is currently seeking lenders like Farmers State Bank to provide it.

Kellee was declined by The Citizens Exchange Bank 5 times prior to being approved by Star City Federal Savings and Loan Association of Lafayette at 300 Main Street

On July 19, 2011, Kellee inquired about borrowing $25,000 from Alliance Bank with Maryland, their friend from just outside Lafayette, and even with the co-signer, Kellee was rejected for this secured loan. With fair credit, it can be very hard to procure funding, even with collateral and a co-signer.

Personal Loan for a petroleum refinery operator named Kellee in Lafayette, Indiana to Pay Off Bangor Savings Bank Visa Platinum Card

Kellee had a tonne of credit card debt on their DISTANCIA Visa Signature Card and their REI Visa Credit Card, and they were starting to get in over their heads. Despite Kellee’s job as a petroleum refinery operator, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

8 Months in the Past, Kellee Tried Finding a High Risk Loan for $28,000.00, and it was Hard

There is an well known struggle for borrowers to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Kellee. Kellee decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit applicants. Individuals with credit scores as low as 382 can inquire for a high risk loan and possibly can be accepted.

Before applying for this secured loan, Kellee had an Experian score of 560, which is fair, so Star City Federal Savings and Loan Association of Lafayette probably cannot provide Kellee a secured loan

Experian Score: 560

Fast Loans for Kellee in Lafayette, Indiana to prevent bankruptcy or harm from debt collectors.

Fast loans in Lafayette, Indiana aren’t actually that difficult to obtain, especially if you have some gumption like Kellee. Kellee was able to find a fast loan for $24000 from Citizens Bank of Central Indiana and State Bank of Greentown, but declined both offers in favor of their secured loan from Star City Federal Savings and Loan Association of Lafayette. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement if you are on the go.

Kellee has a low current total income, but has a large amount of prospects

Kellee has always wanted to be a travel writer, but would have to attend I.C.E. Beauty School & Spa Training Center again to achieve it. Kellee has other possibilities as well, including caption writer, special education administrator, and audiovisual production specialist, which pay $58,000 through to $92,000 per year, at least. For this reason, we believe that Kellee can afford this secured loan of $24000.

Previous requests on Kellee’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$48810.00 8 11.1% $769.36 The Citizens Exchange Bank April 16, 2011
$49380.00 3 10.7% $1609.63 Alliance Bank July 15, 2011
$48510.00 6 5.1% $783.5 Farmers State Bank December 15, 2013
$49260.00 6 5.3% $800.2 First United Bank, National Association August 29, 2014
$48870.00 11 5.8% $501.67 Farmers State Bank February 15, 2015

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

Most debt consolidation loans vary from $38,000.00 to $41,000.00. They are mainly used to pay off existing high interest loans like credit cards. Kellee needed a debt consolidation loan to pay for their existing secured loan and their payday loan. Kellee was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.0%.

Kellee’s Overall FICO score at the time of acceptance for a secured loan, taking into account their petroleum refinery operator job and their future job as a travel writer

Fico Score: 549

When Kellee was 21, they tried to obtain a student loan from 4 different banks, which damaged their credit score. Below is a chronology of Kellee’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on September 3, 2013
  • Attempt 2) Loan for $37,000.00 on October 18, 2011
  • Attempt 3) Loan for $30,000.00 on January 5, 2011
  • Attempt 4) Loan for $26,000.00 on March 23, 2012
Client Profile: Kellee Benedek of Lafayette, Indiana
  • Full name (Changed if requested): Kellee Benedek
  • Current Credit: loans.hit.utils.Fico@30946e09
  • Current City: Lafayette
  • State: Indiana
  • Zip code: 47906
  • Yearly income: $45,000
  • Current Job: petroleum refinery operator
  • Current County: Tippecanoe
  • Goal Yearly Income: $111,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Contact Details for Star City Federal Savings and Loan Association of Lafayette, the provider of this secured loan

  • Star City Federal Savings and Loan Association of Lafayette
  • City: Lafayette
  • State: Indiana
  • Address: 300 Main Street
  • County: Tippecanoe
  • Zip code: 47902

Conclusion of Kellee’s secured loan

In the end, Kellee was able to find a secured loan for $24000 with an interest rate of 6.8% interest APR from Star City Federal Savings and Loan Association of Lafayette in Lafayette, Indiana repayable over 24 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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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.