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$141000 Mortgage With Excellent Credit In Dwight Illinois

$141000 Mortgage – Dwight Illinois, Credit Score Of 823

  • Experian: 836 – This client had an excellent Experian rating
  • Transunion: 805 – Viola had an excellent credit rating with Transunion.
  • Equifax: Viola’s Experian score was 823, which is an excellent credit rating using the Experian system.

9 Months in the Past, Viola Attempted to Find a High Risk Loan for $37,000.00, and it was Hard

It is an well known struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Viola. Viola chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Clients with credit ratings as low as 496 can apply for a high risk loan and may be be accepted.

Previous requests on Viola’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$125330.00 9 8.5% $1664.3 The Gerber State Bank August 2, 2011
$124690.00 8 8.4% $1788.16 The Belvidere National Bank and Trust Company January 20, 2013
$125470.00 6 9.7% $2305.5 Commerce Bank December 19, 2013
$124630.00 4 9.3% $3119.21 Byron Bank July 6, 2014
$124890.00 7 10.7% $2118.77 Amalgamated Bank of Chicago October 18, 2014

Installment loan for Viola, a graduate of Culinary Institute of America and a purchasing manager working for over $76,000 per year

Viola, an alumnus at Culinary Institute of America and a purchasing manager in Dwight, Illinois needs a mortgage to purchase a house. Viola has instead decided to get an installment loan for $16,000 and is at present seeking lenders like The Belvidere National Bank and Trust Company to process their request.

Signature Loan easily acquired in Dwight, Illinois for $141000 with excellent credit by Viola

A lot of clients struggle with finding signature loans in Dwight, Illinois, and Viola is no exception. Viola went to 7 lenders or more before finding Bank of Dwight, who offered Viola a signature loan for $141000. Typical signature loans simply require a client, like Viola’s signature to obtain them, up to $30,000 in some cases. Viola was able to get $141000 as a mortgage, which is very high for a mortgage. Since signature loans don’t need collateral, these loans tend to require improved credit, as high as 773

Contact Details for Bank of Dwight, the provider of this mortgage

  • Bank of Dwight
  • City: Dwight
  • State: Illinois
  • Address: 132 East Main
  • County: Livingston
  • Zip code: 60420

Viola has a sad current gross income, but has a high number of prospects

Viola has always wanted to be a desktop publishing specialist, but would need attend Culinary Institute of America again to achieve it. Viola has other possibilities as well, including horticulture therapist, physical education instructor, and costume attendant, which pay $51,000 through to $107,000 per year, on average. Because of this, we believe that Viola can pay for this mortgage of $141000.

Client Profile: Viola Greisiger of Dwight, Illinois
  • Full name (Changed if requested): Viola Greisiger
  • Current Credit: loans.hit.utils.Fico@68de145
  • Current City: Dwight
  • State: Illinois
  • Zip code: 60423
  • Yearly income: $36,000
  • Current Job: purchasing manager
  • Current County: Livingston
  • Goal Yearly Income: $129,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Viola’s Transunion score was altered by the mortgage loan, changing to 805 from 823, which is normal in our experience.

Transunion Score: 805

When Viola was 18, they tried to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a chronology of Viola’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on August 1, 2013
  • Attempt 2) Loan for $29,000.00 on October 12, 2009
  • Attempt 3) Loan for $32,000.00 on September 5, 2010
  • Attempt 4) Loan for $21,000.00 on December 22, 2008
  • Attempt 5) Loan for $24,000.00 on February 3, 2010
  • Attempt 6) Loan for $30,000.00 on February 8, 2012

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $21,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Viola required a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Viola was able to find a mortgage 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 reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.7%.

Fast Loans for Viola in Dwight, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Dwight, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Viola. Viola was able to find a fast loan for $141000 from Peoples National Bank of Kewanee and Commerce Bank of Woodford County, National Association, but turned down both offers in favor of their mortgage from Bank of Dwight. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big improvement if a client is on the go.

Viola’s Overall FICO score at the time of acceptance for a mortgage, taking into account their purchasing manager job and their future career as a desktop publishing specialist

Fico Score: 823

Paraphrased and Standardized Quote from Viola for this mortgage of $141000, provided by Bank of Dwight

Hello, I am Viola and I’m from Dwight in Illinois. Livingston, county is where I grew up, and now I need a mortgage in Illinois for $141000 to pay bills. It has been difficult, but Bank of Dwight really came through for me with this loan for 7.5% interest APR and a term of 13 years. I will repay the loan over the 13 year term, including interest. A big thanks to Bank of Dwight for trusting me and my excellent credit. It look me 4 years to create my credit to 823, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Multiple other requests for credit have been made by Viola in the past, including one from First Federal Savings and Loan Association of Elgin in Dwight, Illinois before Viola was accepted for the $141000 by Bank of Dwight

Viola made 4 previous attempts to obtain a mortgage, 2 of which were with First Federal Savings and Loan Association of Elgin, a bank in Dwight, Illinois known to specialize in mortgages specifically. Prior to finding Bank of Dwight, Viola was desperate due to their inexperience and excellent credit rating.

Viola was declined by Lake Shore National Bank 7 times before being granted funding by Bank of Dwight at 132 East Main

On August 29, 2012, Viola inquired about borrowing $2,000 from LaSalle Bank NI with Shaunte, their friend from just outside Dwight, and even with the co-signer, Viola was rejected for this mortgage. With excellent credit, it can be challenging to procure financing, even with collateral and a co-signer.

Personal Loan for a purchasing manager named Viola in Dwight, Illinois to Pay Off First National Bank Platinum Edition Visa Card

Viola had a lot of credit card debt on their Conestoga Bank College Rewards Visa Card and their Associated Bank College Rewards Visa Card, and they were starting to get in over their heads. Despite Viola’s job as a purchasing manager, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Before applying for this mortgage, Viola had an Experian score of 836, which is excellent, so Bank of Dwight most likely cannot provide Viola a mortgage

Experian Score: 836

Conclusion of Viola’s mortgage

In the end, Viola was able to find a mortgage for $141000 with an interest rate of 5.8% interest APR from Bank of Dwight in Dwight, Illinois repayable over 13 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.