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4 Year Debt Consolidation Loan For Berna In Decatur Illinois

$114000 Debt Consolidation Loan – Decatur Illinois, Credit Rating Of 487

  • Experian: 500 – This individual had a bad Experian score
  • Transunion: 473 – Berna had a bad credit rating with Transunion.
  • Equifax: Berna’s Experian score was 487, which is a bad credit score using the Experian system.

Before applying for this debt consolidation loan, Berna had an Experian score of 500, which is bad, so South Shores National Bank of Decatur probably cannot provide Berna a debt consolidation loan

Experian Score: 500

Contact Details for South Shores National Bank of Decatur, the provider of this debt consolidation loan

  • South Shores National Bank of Decatur
  • City: Decatur
  • State: Illinois
  • Address: 500 West Southland Drive
  • County: Macon
  • Zip code: 62521

Berna’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their corporation lawyer job and their future career as a forestry and conservation professor

Fico Score: 487

6 Months Ago, Berna Attempted Finding a High Risk Loan for $46,000.00, and it was Hard

It is an well known struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Berna. Berna chose not to get a high risk loan this time. High Risk loans are given to terrible credit individuals. Clients with credit ratings as low as 530 can inquire for a high risk loan and may be be approved.

Personal Loan for a corporation lawyer named Berna in Decatur, Illinois to Pay Off American Airlines AAdvantage CitiBusiness MasterCard

Berna had a lot of credit card debt on their Conestoga Bank Secured Visa Card and their First Niagara Standard Mastercard, and they were starting to get in over their heads. Despite Berna’s job as a corporation lawyer, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan easily acquired in Decatur, Illinois for $114000 with bad credit by Berna

A lot of clients have difficulty with obtaining signature loans in Decatur, Illinois, and Berna is not an exception. Berna went to 7 lending institutions or more prior to settling on South Shores National Bank of Decatur, who offered Berna a signature loan for $114000. Most signature loans simply require a client, like Berna’s signature to obtain them, up to $28,000 in some cases. Berna was able to get $114000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans don’t need a cosigner, these loans generally require higher credit, as high as 746

Previous requests on Berna’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$52150.00 4 5.4% $1210.45 The Gerber State Bank February 3, 2010
$52350.00 11 6.4% $553.45 The Belvidere National Bank and Trust Company November 5, 2012
$52420.00 11 9.6% $644.48 Commerce Bank November 2, 2014
$51570.00 10 10.8% $704.55 Byron Bank March 11, 2015
$51620.00 3 10.3% $1672.91 Amalgamated Bank of Chicago June 30, 2015

When Berna was 19, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a list of Berna’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on June 16, 2009
  • Attempt 2) Loan for $23,000.00 on January 8, 2012
  • Attempt 3) Loan for $37,000.00 on June 5, 2009
  • Attempt 4) Loan for $29,000.00 on October 31, 2011
  • Attempt 5) Loan for $32,000.00 on January 8, 2009
  • Attempt 6) Loan for $37,000.00 on February 26, 2011

Multiple previous requests for credit have been made by Berna in the past, including one from Stonebridge Bank in Decatur, Illinois before Berna was approved for the $114000 by South Shores National Bank of Decatur

Berna made 6 previous tries to obtain a debt consolidation loan, 2 of which were with Stonebridge Bank, a lender in Decatur, Illinois known to specialize in debt consolidation loans specifically. Before finding South Shores National Bank of Decatur, Berna was very concerned due to their inexperience and bad credit score.

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

Normal debt consolidation loans vary from $20,000.00 to $57,000.00. They are mainly used to pay off existing high interest loans like credit cards. Berna required a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Berna was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your bad, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.0%.

Client Profile: Berna Fama of Decatur, Illinois
  • Full name (Changed if requested): Berna Fama
  • Current Credit: loans.hit.utils.Fico@4ccabbaa
  • Current City: Decatur
  • State: Illinois
  • Zip code: 62525
  • Yearly income: $55,000
  • Current Job: corporation lawyer
  • Current County: Macon
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Berna has a very low current total income, but has several of prospects

Berna has always wanted to be a forestry and conservation professor, but would need attend Texas Southmost College again to achieve it. Berna has other possibilities as well, including health case manager, gas plant operator, and social service volunteer, which pay $54,000 through to $101,000 per year, at least. Because of this, we believe that Berna can afford this debt consolidation loan of $114000.

Paraphrased and Standardized Quote from Berna for this debt consolidation loan of $114000, provided by South Shores National Bank of Decatur

Hi, I am Berna and I’m from Decatur in Illinois. Macon, county is where I grew up, and now I need a debt consolidation loan in Illinois for $114000 to pay bills. It wasn’t easy, but South Shores National Bank of Decatur really came through for me with this loan for 10.0% interest APR and a term of 18 years. I can repay the loan over the 18 year term, including interest. A big thanks to South Shores National Bank of Decatur for trusting me and my bad credit. It look me 4 years to create my credit to 487, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Berna’s Transunion score was changed by the debt consolidation loan loan, changing to 473 from 487, which is normal in our experience.

Transunion Score: 473

Fast Loans for Berna in Decatur, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Decatur, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Berna. Berna was able to find a fast loan for $114000 from Drexel National Bank and Drexel National Bank, but declined both offers in favor of their debt consolidation loan from South Shores National Bank of Decatur. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big improvement if a borrower is in a pinch.

Installment loan for Berna, a graduate of Texas Southmost College and a corporation lawyer working for over $68,000 per year

Berna, an alumnus at Texas Southmost College and a corporation lawyer in Decatur, Illinois needs a debt consolidation loan to purchase a house. Berna has instead decided to obtain an installment loan for $6,000 and is at present seeking lenders like Drexel National Bank to provide it.

Berna was rejected by Greatbank Chicago 4 times before being granted funding by South Shores National Bank of Decatur at 500 West Southland Drive

On August 28, 2009, Berna applied about borrowing $45,000 from Harris Trust and Savings Bank with Rebbeca, their in law from just outside Decatur, and even with the co-signer, Berna was rejected for this debt consolidation loan. With bad credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Conclusion of Berna’s debt consolidation loan

In the end, Berna was able to find a debt consolidation loan for $114000 with an interest rate of 9.7% interest APR from South Shores National Bank of Decatur in Decatur, Illinois repayable over 18 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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