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$176000 Home Loan With Excellent Credit In Derby Kansas

$176000 Home Loan – Derby Kansas, Credit Score Of 786

  • Experian: 796 – They had an excellent Experian score
  • Transunion: 771 – Nga had an excellent credit rating with Transunion.
  • Equifax: Nga’s Experian score was 786, which is an excellent credit rating on the Experian system.

Personal Loan for a crane operator named Nga in Derby, Kansas to Pay Off OneWest Bank MasterCard Credit Card

Nga had a lot of credit card debt on their Steuben Trust Visa Platinum Card and their Conestoga Bank Secured Visa Card, and they were starting to get in over their heads. Despite Nga’s job as a crane operator, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Nga was 24, they tried to obtain a student loan from 7 different lenders, which harmed their credit rating. Below is a chronology of Nga’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on May 29, 2009
  • Attempt 2) Loan for $27,000.00 on August 10, 2009
  • Attempt 3) Loan for $26,000.00 on April 7, 2013
  • Attempt 4) Loan for $37,000.00 on February 19, 2013
  • Attempt 5) Loan for $35,000.00 on June 22, 2012
  • Attempt 6) Loan for $32,000.00 on April 14, 2012
  • Attempt 7) Loan for $23,000.00 on January 17, 2013

Fast Loans for Nga in Derby, Kansas to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Derby, Kansas aren’t actually that difficult to obtain, particularly if you have some finesse like Nga. Nga was able to find a fast loan for $176000 from The Morrill and Janes Bank and Trust Company and Peoples Bank and Trust Company, but turned down both offers in favor of their home loan from The Farmers and Merchants State Bank of Derby. 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 5 weeks for debt consolidation loans. An improvement in the case that a client is on the go.

Multiple past requests for credit have been made by Nga in the past, including one from St. Stephen State Bank in Derby, Kansas before Nga was accepted for the $176000 by The Farmers and Merchants State Bank of Derby

Nga made 5 prior attempts to obtain a home loan, 2 of which were with St. Stephen State Bank, a lender in Derby, Kansas known to specialize in home loans specifically. Before finding The Farmers and Merchants State Bank of Derby, Nga was desperate due to their inexperience and excellent credit score.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $24,000.00 to $53,000.00. They are normally used to pay off existing high interest loans like credit cards. Nga needed a debt consolidation loan to pay for their existing home loan and their credit card. Nga was able to find a home loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.2%.

Nga’s Overall FICO score at the time of acceptance for a home loan, taking into account their crane operator job and their future career as an insurance agent

Fico Score: 786

Signature Loan found in Derby, Kansas for $176000 with excellent credit by Nga

Most prospective borrowers have difficulty with finding signature loans in Derby, Kansas, and Nga is the same. Nga went to 5 lending institutions or more before settling on The Farmers and Merchants State Bank of Derby, who offered Nga a signature loan for $176000. Most signature loans simply require a client, like Nga’s signature to obtain them, up to $35,000 in some cases. Nga was able to get $176000 as a home loan, which is very high for a home loan. Since signature loans don’t require collateral, they generally require better credit, as high as 702

Previous requests on Nga’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$75200.00 9 11.3% $1112.37 Citizens Bank and Trust Company February 28, 2012
$74610.00 10 11.3% $1040.46 The Morrill and Janes Bank and Trust Company September 5, 2012
$75400.00 6 10.3% $1408.28 The Citizens State Bank, Liberal, Kansas December 17, 2014
$75440.00 11 11.8% $1022.95 Citizens State Bank December 27, 2014

7 Months in the Past, Nga Tried Finding a High Risk Loan for $49,000.00, and it was Hard

It is an ongoing struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Nga. Nga decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Individuals with credit ratings as low as 491 can inquire for a high risk loan and may be be approved.

Installment loan for Nga, a graduate of Indiana University – Purdue University Indianapolis and a crane operator working for over $76,000 per year

Nga, an alumnus at Indiana University – Purdue University Indianapolis and a crane operator in Derby, Kansas wants a home loan to purchase a house. Nga has instead decided to get an installment loan for $11,000 and is at present seeking lenders like Home State Bank to provide it.

Nga was rejected by Home State Bank 4 times before being approved by The Farmers and Merchants State Bank of Derby at 330 East Madison Street

On February 10, 2011, Nga inquired about borrowing $1,000 from Bank IV Kansas City, National Association with Cody, their in law from just outside Derby, and even with the co-signer, Nga was rejected for this home loan. With excellent credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Nga for this home loan of $176000, provided by The Farmers and Merchants State Bank of Derby

Hi, I am Nga and I am from Derby in Kansas. Sedgwick, county is where I grew up, and now I need a home loan in Kansas for $176000 to pay bills. It has been difficult, but The Farmers and Merchants State Bank of Derby really came through for me with this loan for 10.0% interest APR and a term of 1 years. I will repay the loan over the 1 year term, including interest. A big thanks to The Farmers and Merchants State Bank of Derby for giving me a chance and my excellent credit. It look me 8 years to create my credit to 786, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.

Nga’s Transunion score was changed by the home loan loan, changing to 771 from 786, which is typical in our experience.

Transunion Score: 771

Contact Details for The Farmers and Merchants State Bank of Derby, the provider of this home loan

  • The Farmers and Merchants State Bank of Derby
  • City: Derby
  • State: Kansas
  • Address: 330 East Madison Street
  • County: Sedgwick
  • Zip code: 67037

Nga has a low current total income, but has several of prospects

Nga has always wanted to be an insurance agent, but would have to attend Indiana University – Purdue University Indianapolis again to become one. Nga has other prospects as well, including petroleum technician, equal opportunity representative, and eeg technician/technologist, which pay $55,000 through to $92,000 per year, on average. Because of this, we think that Nga can afford this home loan of $176000.

Before applying for this home loan, Nga had an Experian score of 796, which is excellent, so The Farmers and Merchants State Bank of Derby most likely cannot provide Nga a home loan

Experian Score: 796

Client Profile: Nga Stubenrauch of Derby, Kansas
  • Full name (Changed if requested): Nga Stubenrauch
  • Current Credit: loans.hit.utils.Fico@3d646c37
  • Current City: Derby
  • State: Kansas
  • Zip code: 67044
  • Yearly income: $51,000
  • Current Job: crane operator
  • Current County: Sedgwick
  • Goal Yearly Income: $142,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Conclusion of Nga’s home loan

In the end, Nga was able to find a home loan for $176000 with an interest rate of 5.6% interest APR from The Farmers and Merchants State Bank of Derby in Derby, Kansas repayable over 1 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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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.