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$76000 Debt Consolidation Loan In Three Lakes Wisconsin With Credit Score 530 For Otha

$76000 Debt Consolidation Loan – Three Lakes Wisconsin, Credit Rating Of 530

  • Experian: 545 – This individual had a fair Experian score
  • Transunion: 516 – Otha had a fair credit rating with Transunion.
  • Equifax: Otha’s Experian score was 530, which is a fair credit rating using the Experian rating scheme.

Otha was declined by The Bank of Brodhead 5 times prior to being granted funding by The Peoples State Bank at Main Street

On April 22, 2014, Otha applied about borrowing $30,000 from Burlington Marine Bank with Stacy, their in law from just outside Three Lakes, and even with the co-signer, Otha was rejected for this debt consolidation loan. With fair credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Installment loan for Otha, a graduate of Language Systems International College of English and a law professor working for over $61,000 per year

Otha, an alumnus at Language Systems International College of English and a law professor in Three Lakes, Wisconsin needs a debt consolidation loan to purchase something frivolous. Otha has instead decided to obtain an installment loan for $18,000 and is at present seeking lenders like Norwest Bank Wisconsin East Central to provide it.

Client Profile: Otha Glassing of Three Lakes, Wisconsin
  • Full name (Changed if requested): Otha Glassing
  • Current Credit: loans.hit.utils.Fico@6a6824be
  • Current City: Three Lakes
  • State: Wisconsin
  • Zip code: 54570
  • Yearly income: $30,000
  • Current Job: law professor
  • Current County: Oneida
  • Goal Yearly Income: $120,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

When Otha was 24, they attempted to obtain a student loan from 5 different banks, which harmed their credit score. Below is a chronology of Otha’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on May 20, 2009
  • Attempt 2) Loan for $26,000.00 on June 25, 2013
  • Attempt 3) Loan for $29,000.00 on February 5, 2012
  • Attempt 4) Loan for $35,000.00 on October 13, 2009
  • Attempt 5) Loan for $24,000.00 on June 19, 2010

Contact Details for The Peoples State Bank, the provider of this debt consolidation loan

  • The Peoples State Bank
  • City: Three Lakes
  • State: Wisconsin
  • Address: Main Street
  • County: Oneida
  • Zip code: 54562

Otha’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their law professor job and their future job as a court reporter

Fico Score: 530

Personal Loan for a law professor named Otha in Three Lakes, Wisconsin to Pay Off Ohio Savings Bank Platinum Edition Visa Card

Otha had a tonne of credit card debt on their TD Bank Easy Rewards Visa and their Navy FCU cashRewards Credit Card, and they were starting to get in over their heads. Despite Otha’s job as a law professor, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

7 Months in the Past, Otha Attempted to Find a High Risk Loan for $35,000.00, and it was Hard

It is an existing struggle for borrowers to get high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Otha. Otha chose not to obtain a high risk loan this time. High Risk loans are given to very low credit clients. Individuals with credit ratings as low as 574 can apply for a high risk loan and may be be accepted.

Otha’s Transunion score was altered by the debt consolidation loan loan, changing to 516 from 530, which is normal in our experience.

Transunion Score: 516

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $30,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Otha required a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Otha was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.3%.

Otha has a very low current total income, but has a high number of prospects

Otha has always wanted to be a court reporter, but would need attend Language Systems International College of English again to achieve it. Otha has other prospects as well, including foreign service officer, exhibit designer, and aircraft body and bonded structure repairer, which pay $51,000 through to $108,000 per year, at least. For this reason, we think that Otha can pay for this debt consolidation loan of $76000.

Signature Loan found in Three Lakes, Wisconsin for $76000 with fair credit by Otha

A lot of prospective borrowers have difficulty with obtaining signature loans in Three Lakes, Wisconsin, and Otha is the same. Otha went to 8 lenders or more before settling on The Peoples State Bank, who offered Otha a signature loan for $76000. Typical signature loans simply require a client, like Otha’s signature to get them, up to $49,000 in some cases. Otha was able to get $76000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans don’t need a cosigner, these loans tend to require better credit, as high as 795

Previous requests on Otha’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$66840.00 6 6.4% $1120.4 M&I Bank of Burlington March 25, 2010
$66710.00 5 6.8% $1314.65 M&I Marshall and Ilsley Bank June 25, 2012
$67140.00 7 9.7% $1104.22 Continental Bank & Trust Co. July 7, 2012
$67150.00 8 7.5% $932.3 Clare Bank, National Association March 14, 2013
$66570.00 3 6.2% $2031.23 Norwest Bank Wisconsin East Central December 23, 2014

Before applying for this debt consolidation loan, Otha had an Experian score of 545, which is fair, so The Peoples State Bank most likely cannot provide Otha a debt consolidation loan

Experian Score: 545

Several previous requests for credit have been made by Otha in the past, including one from The Luzerne Bank in Three Lakes, Wisconsin before Otha was approved for the $76000 by The Peoples State Bank

Otha made 9 previous attempts to obtain a debt consolidation loan, 2 of which were with The Luzerne Bank, a lending institution in Three Lakes, Wisconsin known to specialize in debt consolidation loans specifically. Prior to finding The Peoples State Bank, Otha was desperate due to their inexperience and fair credit score.

Fast Loans for Otha in Three Lakes, Wisconsin to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Three Lakes, Wisconsin aren’t actually that difficult to obtain, particularly if you have some finesse like Otha. Otha was able to find a fast loan for $76000 from Associated Bank Madison and Associated Bank Milwaukee, but declined both offers in favor of their debt consolidation loan from The Peoples State Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if you are on the go.

Paraphrased and Standardized Quote from Otha for this debt consolidation loan of $76000, provided by The Peoples State Bank

Hi, I am Otha and I am from Three Lakes in Wisconsin. Oneida, county is where I grew up, and now I need a debt consolidation loan in Wisconsin for $76000 to buy a car. It wasn’t easy, but The Peoples State Bank really came through for me with this loan for 7.7% interest APR and a term of 17 years. I will repay the loan over the 17 year term, including interest. A big thanks to The Peoples State Bank for trusting me and my fair credit. It look me 4 years to create my credit to 530, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

Conclusion of Otha’s debt consolidation loan

In the end, Otha was able to find a debt consolidation loan for $76000 with an interest rate of 10.6% interest APR from The Peoples State Bank in Three Lakes, Wisconsin repayable over 17 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.