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Student Loan With Very Low APR In Franklin County, Iowa

$99000 Student Loan – Hampton Iowa, Credit Rating Of 638

  • Experian: 655 – This client had a good Experian rating
  • Transunion: 626 – Hien had a good credit rating with Transunion.
  • Equifax: Hien’s Experian score was 638, which is a good credit score using the Experian scale.

Hien’s Transunion score was changed by the student loan loan, changing to 626 from 638, which is typical in our experience.

Transunion Score: 626

Before applying for this student loan, Hien had an Experian score of 655, which is good, so Hampton State Bank likely cannot provide Hien a student loan

Experian Score: 655

Several previous requests for credit have been made by Hien in the past, including one from Lighthouse Bank in Hampton, Iowa before Hien was accepted for the $99000 by Hampton State Bank

Hien made 8 previous tries to obtain a student loan, 2 of which were with Lighthouse Bank, a lender in Hampton, Iowa known to specialize in student loans specifically. Prior to finding Hampton State Bank, Hien was desperate due to their inexperience and good credit rating.

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

Most debt consolidation loans range from $26,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Hien required a debt consolidation loan to pay for their existing student loan and their payday loan. Hien was able to find a student loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your bad, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.8%.

Personal Loan for a funeral attendant named Hien in Hampton, Iowa to Pay Off Lumber Liquidators Credit Card

Hien had a lot of credit card debt on their RBC Visa Cash Back Card and their Hawaiian Airlines Business MasterCard, and they were starting to get in over their heads. Despite Hien’s job as a funeral attendant, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Hien, a graduate of University of Cincinnati and a funeral attendant working for over $70,000 per year

Hien, an alumnus at University of Cincinnati and a funeral attendant in Hampton, Iowa wants a student loan to purchase something frivolous. Hien has instead decided to obtain an installment loan for $16,000 and is currently seeking lenders like First State Savings Bank to process their request.

Fast Loans for Hien in Hampton, Iowa to prevent bankruptcy or harm from debt collectors.

Fast loans in Hampton, Iowa aren’t actually that difficult to obtain, particularly if you have some finesse like Hien. Hien was able to find a fast loan for $99000 from Community Bank and Farmers Savings Bank, but turned down both offers in favor of their student loan from Hampton 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 7 weeks for installment loans. A big difference if a borrower is on the go.

When Hien was 24, they tried to obtain a student loan from 6 different banks, which damaged their credit score. Below is a chronology of Hien’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $35,000.00 on July 9, 2011
  • Attempt 2) Loan for $24,000.00 on November 13, 2010
  • Attempt 3) Loan for $31,000.00 on January 28, 2011
  • Attempt 4) Loan for $30,000.00 on January 22, 2009
  • Attempt 5) Loan for $22,000.00 on June 16, 2010
  • Attempt 6) Loan for $38,000.00 on April 9, 2010

Hien was not approved by Raccoon Valley State Bank 5 times before being accepted by Hampton State Bank at 100 1st Street, N.W.

On June 26, 2010, Hien applied about borrowing $32,000 from Farmers State Bank with Thi, their friend from just outside Hampton, and even with the co-signer, Hien was rejected for this student loan. With good credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Previous requests on Hien’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$17110.00 7 9.6% $280.52 Mills County Bank National Association June 3, 2013
$17460.00 7 5.2% $248.42 Postville State Bank August 28, 2013
$17140.00 4 10.8% $441.33 Washington State Bank May 22, 2014
$16780.00 7 6.5% $249.17 Rippey Savings Bank June 21, 2014
$17310.00 10 8.1% $210.93 Iowa State Bank January 10, 2015

Paraphrased and Standardized Quote from Hien for this student loan of $99000, provided by Hampton State Bank

Hi, I am Hien and I am from Hampton in Iowa. Franklin, county is where I grew up, and now I need a student loan in Iowa for $99000 to avoid bankruptcy. It has been difficult, but Hampton State Bank really came through for me with this loan for 8.3% interest APR and a term of 11 years. I will repay the loan over the 11 year term, including interest. A big thanks to Hampton State Bank for trusting me and my good credit. It look me 4 years to create my credit to 638, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Hien has a disappointing current gross income, but has a high number of prospects

Hien has always wanted to be an ornamental-metalwork designer, but would have to attend University of Cincinnati again to achieve it. Hien has other prospects as well, including insurance agent, ultrasound technologist, and materials scientist, which pay $51,000 through to $95,000 per year, at least. For this reason, we think that Hien can afford this student loan of $99000.

Hien’s Overall FICO score at the time of acceptance for a student loan, taking into account their funeral attendant job and their future career as an ornamental-metalwork designer

Fico Score: 638

Signature Loan easily acquired in Hampton, Iowa for $99000 with good credit by Hien

Most borrowers have difficulty with obtaining signature loans in Hampton, Iowa, and Hien is no exception. Hien went to 7 lenders or more before settling on Hampton State Bank, who offered Hien a signature loan for $99000. Typical signature loans simply require a client, like Hien’s signature to get them, up to $25,000 in some cases. Hien was able to get $99000 as a student loan, which is very high for a student loan. Since signature loans don’t require a cosigner, they generally require improved credit, as high as 739

Client Profile: Hien Lobner of Hampton, Iowa
  • Full name (Changed if requested): Hien Lobner
  • Current Credit: loans.hit.utils.Fico@5e8c92f4
  • Current City: Hampton
  • State: Iowa
  • Zip code: 50449
  • Yearly income: $38,000
  • Current Job: funeral attendant
  • Current County: Franklin
  • Goal Yearly Income: $118,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

8 Months Ago, Hien Tried to Find a High Risk Loan for $49,000.00, and it was Hard

There is an existing struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Hien. Hien chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit clients. Individuals with credit ratings as low as 504 can apply for a high risk loan and possibly can be approved.

Contact Details for Hampton State Bank, the provider of this student loan

  • Hampton State Bank
  • City: Hampton
  • State: Iowa
  • Address: 100 1st Street, N.W.
  • County: Franklin
  • Zip code: 50441

Conclusion of Hien’s student loan

In the end, Hien was able to find a student loan for $99000 with an interest rate of 11.3% interest APR from Hampton State Bank in Hampton, Iowa repayable over 11 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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