$4000 Unsecured Loan – Columbus Ohio, Credit Score Of 541
- Experian: 552 – They had a fair Experian score
- Transunion: 529 – Dot had a fair credit rating with Transunion.
- Equifax: Dot’s Experian score was 541, which is a fair credit rating with the Experian system.
8 Months Ago, Dot Attempted to Find a High Risk Loan for $45,000.00, but They Didn’t Find What They were Expecting
There is an existing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Dot. Dot decided not to get a high risk loan this time. High Risk loans are given to terrible credit clients. Individuals with credit ratings as low as 362 can inquire for a high risk loan and possibly can be accepted.
Several previous requests for credit have been made by Dot in the past, including one from Comerica Bank in Columbus, Ohio before Dot was approved for the $4000 by Scioto Savings Association
Dot made 4 previous tries to obtain an unsecured loan, 2 of which were with Comerica Bank, a bank in Columbus, Ohio known to specialize in unsecured loans specifically. Before finding Scioto Savings Association, Dot was desperate due to their inexperience and fair credit rating.
Signature Loan easily acquired in Columbus, Ohio for $4000 with fair credit by Dot
Many clients struggle with finding signature loans in Columbus, Ohio, and Dot is the same. Dot went to 6 lending institutions or more prior to settling on Scioto Savings Association, who offered Dot a signature loan for $4000. Typical signature loans simply need a client, like Dot’s signature to get them, up to $32,000 in some cases. Dot was able to get $4000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans don’t require collateral, they tend to require higher credit, as high as 753
Personal Loan for a pbx installer and repairer named Dot in Columbus, Ohio to Pay Off AeroMexico Visa Card
Dot had a lot of credit card debt on their Chevron and Texaco Credit Card and their Wells Fargo Business Elite Card, and they were starting to get in over their heads. Despite Dot’s job as a pbx installer and repairer, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Dot’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their pbx installer and repairer job and their future career as a middle school teacher
Fast Loans for Dot in Columbus, Ohio to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Columbus, Ohio aren’t actually that difficult to obtain, especially if you have some finesse like Dot. Dot was able to find a fast loan for $4000 from The Vinton Banking Company and The Citizens Bank, but declined both offers in favor of their unsecured loan from Scioto Savings Association. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference if a client is in a time sensitive situation.
When Dot was 20, they attempted to obtain a student loan from 6 different banks, which damaged their credit score. Below is a list of Dot’s previous attempts at finding a student loan:
- Attempt 1) Loan for $30,000.00 on January 6, 2009
- Attempt 2) Loan for $36,000.00 on September 2, 2011
- Attempt 3) Loan for $31,000.00 on March 26, 2009
- Attempt 4) Loan for $32,000.00 on May 9, 2010
- Attempt 5) Loan for $23,000.00 on May 31, 2009
- Attempt 6) Loan for $31,000.00 on September 13, 2011
Before applying for this unsecured loan, Dot had an Experian score of 552, which is fair, so Scioto Savings Association likely cannot provide Dot an unsecured loan
Dot has a low current gross income, but has a high number of prospects
Dot has always wanted to be a middle school teacher, but would need attend Santa Fe Community College again to achieve it. Dot has other possibilities as well, including casino cashier, environmental engineer, and electronics technician, which pay $56,000 through to $94,000 per year, on average. For this reason, we think that Dot can afford this unsecured loan of $4000.
Paraphrased and Standardized Quote from Dot for this unsecured loan of $4000, provided by Scioto Savings Association
Hi, I am Dot and my hometown is Columbus in Ohio. Franklin, county is where I grew up, and now I need a unsecured loan in Ohio for $4000 to buy a big ticket item. It has been difficult, but Scioto Savings Association really came through for me with this loan for 8.7% interest APR and a term of 17 years. I can probably repay the loan over the 17 year term, including interest. A big thanks to Scioto Savings Association for trusting me and my fair credit. It look me 7 years to build my credit to 541, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.
Dot’s Transunion score was altered by the unsecured loan loan, changing to 529 from 541, which is typical in our experience.
Contact Details for Scioto Savings Association, the provider of this unsecured loan
- Scioto Savings Association
- City: Columbus
- State: Ohio
- Address: 190 South High St
- County: Franklin
- Zip code: 43215
Previous requests on Dot’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$142280.00||8||10.2%||$2174.07||The Vinton Banking Company||March 26, 2013|
|$141810.00||8||11.2%||$2242.94||The Ohio Valley Bank Company||April 7, 2013|
|$142390.00||8||7.2%||$1955.51||The Citizens Bank||August 20, 2013|
|$141640.00||10||11.2%||$1967.16||The Peoples Bank||April 17, 2014|
|$141620.00||3||9.7%||$4549.76||The Freeport State Bank||December 16, 2014|
- Full name (Changed if requested): Dot Loomis
- Current Credit: loans.hit.utils.Fico@1e81f4dc
- Current City: Columbus
- State: Ohio
- Zip code: 43220
- Yearly income: $48,000
- Current Job: pbx installer and repairer
- Current County: Franklin
- Goal Yearly Income: $115,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans range from $23,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Dot needed a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Dot was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.5%.
Installment loan for Dot, a graduate of Santa Fe Community College and a pbx installer and repairer working for over $68,000 per year
Dot, an alumnus at Santa Fe Community College and a pbx installer and repairer in Columbus, Ohio needs an unsecured loan to purchase a car. Dot has instead chosen to get an installment loan for $17,000 and is at present seeking lenders like AmeriTrust Company National Association to provide it.
Dot was declined by The Ohio Valley Bank Company 4 times prior to being accepted by Scioto Savings Association at 190 South High St
On November 23, 2008, Dot inquired about borrowing $16,000 from Northwest Ohio Bank with Kimiko, their in law from just outside Columbus, and even with the co-signer, Dot was rejected for this unsecured loan. With fair credit, it can be very hard to procure funding, even with collateral and a co-signer.
Conclusion of Dot’s unsecured loan
In the end, Dot was able to find an unsecured loan for $4000 with an interest rate of 9.2% interest APR from Scioto Savings Association in Columbus, Ohio repayable over 17 years from now.