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$90000 Secured Loan In Wichita Kansas With Credit Score 380 For Jaye

$90000 Secured Loan – Wichita Kansas, Credit Score Of 380

  • Experian: 394 – The client had a terrible Experian rating
  • Transunion: 364 – Jaye had a terrible credit rating with Transunion.
  • Equifax: Jaye’s Experian score was 380, which is a terrible credit score with the Experian rating scheme.

Multiple past requests for credit have been made by Jaye in the past, including one from Community Bank of Divernon in Wichita, Kansas before Jaye was accepted for the $90000 by Commerce Bank, National Association

Jaye made 6 prior attempts to obtain a secured loan, 2 of which were with Community Bank of Divernon, a lending institution in Wichita, Kansas known to specialize in secured loans specifically. Before finding Commerce Bank, National Association, Jaye was concerned due to their inexperience and terrible credit rating.

Before applying for this secured loan, Jaye had an Experian score of 394, which is terrible, so Commerce Bank, National Association probably can provide Jaye a secured loan

Experian Score: 394

Paraphrased and Standardized Quote from Jaye for this secured loan of $90000, provided by Commerce Bank, National Association

Hi, I am Jaye and I am from Wichita in Kansas. Sedgwick, county is where I grew up, and now I need a secured loan in Kansas for $90000 to renovate my home. It wasn’t easy, but Commerce Bank, National Association really came through for me with this loan for 6.2% interest APR and a term of 2 years. I will repay the loan over the 2 year term, including interest. A big thanks to Commerce Bank, National Association for giving me a chance and my terrible credit. It look me 7 years to create my credit to 380, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Jaye’s Overall FICO score at the time of acceptance for a secured loan, taking into account their customer service representative job and their future career as a real estate broker

Fico Score: 380

Installment loan for Jaye, a graduate of VA Loma Linda Healthcare System and a customer service representative working for over $63,000 per year

Jaye, an alumnus at VA Loma Linda Healthcare System and a customer service representative in Wichita, Kansas wants a secured loan to purchase a house. Jaye has instead decided to get an installment loan for $10,000 and is currently seeking lenders like First Kansas Bank and Trust Company to process their request.

When Jaye was 22, they attempted to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a chronology of Jaye’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on June 14, 2011
  • Attempt 2) Loan for $34,000.00 on September 26, 2011
  • Attempt 3) Loan for $24,000.00 on October 12, 2011
  • Attempt 4) Loan for $39,000.00 on January 9, 2009
  • Attempt 5) Loan for $31,000.00 on June 29, 2010

Contact Details for Commerce Bank, National Association, the provider of this secured loan

  • Commerce Bank, National Association
  • City: Wichita
  • State: Kansas
  • Address: 1551 North Waterfront Parkway
  • County: Sedgwick
  • Zip code: 67206

Personal Loan for a customer service representative named Jaye in Wichita, Kansas to Pay Off J. Jill Credit Card

Jaye had a lot of credit card debt on their Arvest Premier Visa Purchasing Card and their Shell Drive for Five Card, and they were starting to get in over their heads. Despite Jaye’s job as a customer service representative, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Jaye’s Transunion score was changed by the secured loan loan, changing to 364 from 380, which is normal in our experience.

Transunion Score: 364

Signature Loan acquired in Wichita, Kansas for $90000 with terrible credit by Jaye

Many prospective borrowers struggle with obtaining signature loans in Wichita, Kansas, and Jaye is not an exception. Jaye went to 4 lending institutions or more prior to settling on Commerce Bank, National Association, who offered Jaye a signature loan for $90000. Typical signature loans simply require a client, like Jaye’s signature to obtain them, up to $42,000 in some cases. Jaye was able to get $90000 as a secured loan, which is very high for a secured loan. Because signature loans don’t need collateral, these loans generally require better credit, as high as 764

7 Months Ago, Jaye Attempted Finding a High Risk Loan for $43,000.00, and it was Easy

It is an existing struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Jaye. Jaye chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Individuals with credit scores as low as 379 can apply for a high risk loan and may be be accepted.

Jaye was declined by Citizens State Bank 5 times prior to being granted funding by Commerce Bank, National Association at 1551 North Waterfront Parkway

On August 29, 2012, Jaye applied about borrowing $10,000 from Home State Bank with Rhiannon, their friend from just outside Wichita, and even with the co-signer, Jaye was rejected for this secured loan. With terrible credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Fast Loans for Jaye in Wichita, Kansas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Wichita, Kansas aren’t actually that difficult to obtain, especially if you have some finesse like Jaye. Jaye was able to find a fast loan for $90000 from Pinnacle Bank, National Association and Home State Bank, but turned down both offers in favor of their secured loan from Commerce Bank, National Association. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference if a client is on the go.

Client Profile: Jaye Chamul of Wichita, Kansas
  • Full name (Changed if requested): Jaye Chamul
  • Current Credit: loans.hit.utils.Fico@14514713
  • Current City: Wichita
  • State: Kansas
  • Zip code: 67212
  • Yearly income: $55,000
  • Current Job: customer service representative
  • Current County: Sedgwick
  • Goal Yearly Income: $97,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Jaye has a disappointing current yearly income, but has a large amount of prospects

Jaye has always wanted to be a real estate broker, but would need attend VA Loma Linda Healthcare System again to become one. Jaye has other prospects as well, including caption writer, computer and information systems manager, and license clerk, which pay $51,000 through to $92,000 per year, on average. For this reason, we think that Jaye can pay for this secured loan of $90000.

Previous requests on Jaye’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$140260.00 10 6.8% $1614.12 Citizens Bank and Trust Company May 31, 2013
$140150.00 3 10.7% $4568.45 The Morrill and Janes Bank and Trust Company January 18, 2015
$139700.00 6 7.6% $2422.2 The Citizens State Bank, Liberal, Kansas May 16, 2015
$140180.00 9 5.7% $1662.25 Citizens State Bank June 8, 2015

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $21,000.00 to $48,000.00. They are typically used to pay off existing high interest loans like credit cards. Jaye required a debt consolidation loan to pay for their existing secured loan and their payday loan. Jaye was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball 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 2.3%.

Conclusion of Jaye’s secured loan

In the end, Jaye was able to find a secured loan for $90000 with an interest rate of 9.1% interest APR from Commerce Bank, National Association in Wichita, Kansas repayable over 2 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.