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Unsecured Loan With Low APR In Butler County, Missouri

$69000 Unsecured Loan – Poplar Bluff Missouri, Credit Score Of 542

  • Experian: 559 – The client had a fair Experian score
  • Transunion: 524 – Josie had a fair credit rating with Transunion.
  • Equifax: Josie’s Experian score was 542, which is a fair credit score with the Experian rating scheme.
Client Profile: Josie Fehr of Poplar Bluff, Missouri
  • Full name (Changed if requested): Josie Fehr
  • Current Credit: loans.hit.utils.Fico@27bc2616
  • Current City: Poplar Bluff
  • State: Missouri
  • Zip code: 63905
  • Yearly income: $69,000
  • Current Job: ceramic engineer
  • Current County: Butler
  • Goal Yearly Income: $125,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Signature Loan acquired in Poplar Bluff, Missouri for $69000 with fair credit by Josie

Most prospective borrowers struggle with finding signature loans in Poplar Bluff, Missouri, and Josie is no different. Josie went to 8 lenders or more prior to finding Mercantile Bank of Southeast Missouri, who offered Josie a signature loan for $69000. Most signature loans simply require a client, like Josie’s signature to obtain them, up to $38,000 in some cases. Josie was able to get $69000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t need a cosigner, they tend to require higher credit, as high as 731

Fast Loans for Josie in Poplar Bluff, Missouri to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Poplar Bluff, Missouri aren’t actually that difficult to obtain, especially if you have some gumption like Josie. Josie was able to find a fast loan for $69000 from Cass Commercial Bank and Commerce Bank of Moberly, National Association, but declined both offers in favor of their unsecured loan from Mercantile Bank of Southeast Missouri. 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 5 weeks for debt consolidation loans. Much better in the case that a client is on the go.

When Josie was 21, they tried to obtain a student loan from 5 different lenders, which harmed their credit rating. Below is a chronology of Josie’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on June 27, 2010
  • Attempt 2) Loan for $33,000.00 on May 12, 2010
  • Attempt 3) Loan for $34,000.00 on April 15, 2014
  • Attempt 4) Loan for $39,000.00 on July 10, 2009
  • Attempt 5) Loan for $30,000.00 on February 26, 2011

8 Months in the Past, Josie Attempted to Find a High Risk Loan for $25,000.00, and it was Hard

It is an existing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Josie. Josie decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Clients with credit scores as low as 429 can apply for a high risk loan and possibly can be approved.

Personal Loan for a ceramic engineer named Josie in Poplar Bluff, Missouri to Pay Off ShopRite Rewards MasterCard

Josie had a lot of credit card debt on their First National Bank American Express Card and their KingSize Gold Credit Card, and they were starting to get in over their heads. Despite Josie’s job as a ceramic engineer, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Josie, a graduate of University of Arizona and a ceramic engineer working for over $76,000 per year

Josie, an alumnus at University of Arizona and a ceramic engineer in Poplar Bluff, Missouri needs an unsecured loan to purchase something frivolous. Josie has instead chosen to get an installment loan for $25,000 and is at present seeking lenders like Mercantile Bank of West Central Missouri to process their request.

Before applying for this unsecured loan, Josie had an Experian score of 559, which is fair, so Mercantile Bank of Southeast Missouri probably can provide Josie an unsecured loan

Experian Score: 559

Josie’s Transunion score was altered by the unsecured loan loan, changing to 524 from 542, which is typical in our experience.

Transunion Score: 524

Josie’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their ceramic engineer job and their future job as a law professor

Fico Score: 542

Previous requests on Josie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$49370.00 11 7.8% $558.28 Camden County Bank May 24, 2013
$48820.00 11 10.1% $613.99 Glasgow Savings Bank January 9, 2014
$49290.00 6 6.6% $830.91 Central Bank February 8, 2014
$49110.00 7 5.5% $705.71 Midwest BankCentre February 10, 2014
$48820.00 6 9.7% $897.06 Commerce Bank of Richmond Heights June 5, 2015

Paraphrased and Standardized Quote from Josie for this unsecured loan of $69000, provided by Mercantile Bank of Southeast Missouri

Hi, I am Josie and my hometown is Poplar Bluff in Missouri. Butler, county is where I grew up, and now I need a unsecured loan in Missouri for $69000 to buy a car. It has been difficult, but Mercantile Bank of Southeast Missouri really came through for me with this loan for 9.3% interest APR and a term of 8 years. I can repay the loan over the 8 year term, including interest. A big thanks to Mercantile Bank of Southeast Missouri for trusting me and my fair credit. It look me 5 years to create my credit to 542, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.

Several previous requests for credit have been made by Josie in the past, including one from Republic Bank in Poplar Bluff, Missouri before Josie was approved for the $69000 by Mercantile Bank of Southeast Missouri

Josie made 9 previous tries to obtain an unsecured loan, 2 of which were with Republic Bank, a lender in Poplar Bluff, Missouri known to specialize in unsecured loans specifically. Before finding Mercantile Bank of Southeast Missouri, Josie was very concerned due to their inexperience and fair credit score.

Josie has a sad current yearly income, but has a large amount of prospects

Josie has always wanted to be a law professor, but would have to attend University of Arizona again to become one. Josie has other prospects as well, including middle school teacher, municipal fire fighting supervisor, and plant breeder, which pay $58,000 through to $93,000 per year, on average. For this reason, we believe that Josie can pay for this unsecured loan of $69000.

Josie was rejected by Boatmen’s Bank of Southwest Missouri 6 times prior to being approved by Mercantile Bank of Southeast Missouri at 200 South Main Street

On June 3, 2009, Josie inquired about borrowing $7,000 from The Bank of Versailles with Carmela, their friend from just outside Poplar Bluff, and even with the co-signer, Josie was rejected for this unsecured loan. With fair credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Contact Details for Mercantile Bank of Southeast Missouri, the provider of this unsecured loan

  • Mercantile Bank of Southeast Missouri
  • City: Poplar Bluff
  • State: Missouri
  • Address: 200 South Main Street
  • County: Butler
  • Zip code: 63901

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $31,000.00 to $57,000.00. They are typically used to pay off existing high interest loans like credit cards. Josie needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Josie was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.2%.

Conclusion of Josie’s unsecured loan

In the end, Josie was able to find an unsecured loan for $69000 with an interest rate of 10.4% interest APR from Mercantile Bank of Southeast Missouri in Poplar Bluff, Missouri repayable over 8 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.