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Debt Consolidation Loan For $63000 Near 37645, Tennessee With A Credit Score Of 625

$63000 Debt Consolidation Loan – Mount Carmel Tennessee, Credit Score Of 625

  • Experian: 637 – This individual had a good Experian rating
  • Transunion: 611 – Deborah had a good credit rating with Transunion.
  • Equifax: Deborah’s Experian score was 625, which is a good credit rating on the Experian system.

Fast Loans for Deborah in Mount Carmel, Tennessee to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Mount Carmel, Tennessee aren’t actually that difficult to obtain, especially if you have some gumption like Deborah. Deborah was able to find a fast loan for $63000 from Citizens Bank of Monroe County and Citizens Bank, but declined both offers in favor of their debt consolidation loan from United Security Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. Much better in the case that a borrower is in a time sensitive situation.

Paraphrased and Standardized Quote from Deborah for this debt consolidation loan of $63000, provided by United Security Bank

Hi, I am Deborah and I am from Mount Carmel in Tennessee. Hawkins, county is where I grew up, and now I need a debt consolidation loan in Tennessee for $63000 to pay bills. It wasn’t easy, but United Security Bank really came through for me with this loan for 6.6% interest APR and a term of 6 years. I can repay the loan over the 6 year term, including interest. A big thanks to United Security Bank for trusting me and my good credit. It look me 4 years to create my credit to 625, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $22,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Deborah needed a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Deborah was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.5%.

Before applying for this debt consolidation loan, Deborah had an Experian score of 637, which is good, so United Security Bank probably cannot provide Deborah a debt consolidation loan

Experian Score: 637

Previous requests on Deborah’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$89100.00 5 6.8% $1755.89 Citizens Bank April 8, 2013
$89470.00 8 9.6% $1338.77 SunTrust Bank, Chattanooga, National Association July 15, 2014
$89210.00 3 5.2% $2681.72 GreenBank July 10, 2015
$88610.00 6 11.8% $1723.14 CommunityFIRST Bank August 16, 2015

Contact Details for United Security Bank, the provider of this debt consolidation loan

  • United Security Bank
  • City: Mount Carmel
  • State: Tennessee
  • Address: 130 Main Street
  • County: Hawkins
  • Zip code: 37645
Client Profile: Deborah Mcarthur of Mount Carmel, Tennessee
  • Full name (Changed if requested): Deborah Mcarthur
  • Current Credit: loans.hit.utils.Fico@7daf6ecc
  • Current City: Mount Carmel
  • State: Tennessee
  • Zip code: 37652
  • Yearly income: $30,000
  • Current Job: freight and stock handler
  • Current County: Hawkins
  • Goal Yearly Income: $139,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

When Deborah was 22, they tried to obtain a student loan from 7 alternate banks, which harmed their credit rating. Below is a chronology of Deborah’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on May 26, 2012
  • Attempt 2) Loan for $39,000.00 on January 15, 2010
  • Attempt 3) Loan for $31,000.00 on November 28, 2011
  • Attempt 4) Loan for $32,000.00 on September 6, 2009
  • Attempt 5) Loan for $26,000.00 on April 4, 2010
  • Attempt 6) Loan for $23,000.00 on December 7, 2008
  • Attempt 7) Loan for $24,000.00 on June 28, 2009

Installment loan for Deborah, a graduate of Gannon University and a freight and stock handler working for over $73,000 per year

Deborah, an alumnus at Gannon University and a freight and stock handler in Mount Carmel, Tennessee needs a debt consolidation loan to purchase a house. Deborah has instead decided to get an installment loan for $23,000 and is at present seeking lenders like First State Bank to provide it.

Deborah’s Transunion score was altered by the debt consolidation loan loan, changing to 611 from 625, which is normal in our experience.

Transunion Score: 611

7 Months Ago, Deborah Attempted Finding a High Risk Loan for $29,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Deborah. Deborah chose not to get a high risk loan this time. High Risk loans are given to very low credit clients. Individuals with credit scores as low as 316 can apply for a high risk loan and have a chance to be accepted.

Personal Loan for a freight and stock handler named Deborah in Mount Carmel, Tennessee to Pay Off Steuben Trust College Rewards Visa Card

Deborah had a tonne of credit card debt on their America’s First FCU Visa Platinum Pro and their Coppermark Bank Credit Cards, and they were starting to get in over their heads. Despite Deborah’s job as a freight and stock handler, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Deborah’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their freight and stock handler job and their future career as a securities broker

Fico Score: 625

Deborah was declined by Merchants and Planters Bank 7 times before being accepted by United Security Bank at 130 Main Street

On October 21, 2008, Deborah inquired about borrowing $36,000 from Cleveland Bank and Trust Company with Olin, their in law from just outside Mount Carmel, and even with the co-signer, Deborah was rejected for this debt consolidation loan. With good credit, it can be challenging to procure financing, even with collateral and a co-signer.

Signature Loan acquired in Mount Carmel, Tennessee for $63000 with good credit by Deborah

Many borrowers struggle with finding signature loans in Mount Carmel, Tennessee, and Deborah is the same. Deborah went to 5 lending institutions or more before settling on United Security Bank, who offered Deborah a signature loan for $63000. Typical signature loans simply need a client, like Deborah’s signature to get them, up to $26,000 in some cases. Deborah was able to get $63000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need collateral, these loans generally need better credit, as high as 741

Many past requests for credit have been made by Deborah in the past, including one from Peoples Bank in Mount Carmel, Tennessee before Deborah was approved for the $63000 by United Security Bank

Deborah made 5 prior attempts to obtain a debt consolidation loan, 2 of which were with Peoples Bank, a bank in Mount Carmel, Tennessee known to specialize in debt consolidation loans specifically. Prior to finding United Security Bank, Deborah was very concerned due to their inexperience and good credit rating.

Deborah has a low current gross income, but has a high number of prospects

Deborah has always wanted to be a securities broker, but would need attend Gannon University again to achieve it. Deborah has other possibilities as well, including automotive engineer, respiratory therapist, and switchboard operator, which pay $52,000 through to $100,000 per year, on average. Because of this, we think that Deborah can afford this debt consolidation loan of $63000.

Conclusion of Deborah’s debt consolidation loan

In the end, Deborah was able to find a debt consolidation loan for $63000 with an interest rate of 8.3% interest APR from United Security Bank in Mount Carmel, Tennessee repayable over 6 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.