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$62000 Private Loan In Whitesburg Kentucky With Credit Score 599 For Charlena

$62000 Private Loan – Whitesburg Kentucky, Credit Score Of 599

  • Experian: 611 – This client had a fair Experian rating
  • Transunion: 583 – Charlena had a fair credit rating with Transunion.
  • Equifax: Charlena’s Experian score was 599, which is a fair credit rating with the Experian rating scheme.

Charlena’s Overall FICO score at the time of acceptance for a private loan, taking into account their alumni relations coordinator job and their future job as a financial services sales agent

Fico Score: 599

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $27,000.00 to $54,000.00. They are typically used to pay off existing high interest loans like credit cards. Charlena required a debt consolidation loan to pay for their existing private loan and their loan shark loan. Charlena was able to find a private loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.6%.

Signature Loan found in Whitesburg, Kentucky for $62000 with fair credit by Charlena

A lot of borrowers have difficulty with finding signature loans in Whitesburg, Kentucky, and Charlena is the same. Charlena went to 4 lending institutions or more before finding The Bank of Whitesburg, who offered Charlena a signature loan for $62000. Most signature loans simply need a client, like Charlena’s signature to get them, up to $30,000 in some cases. Charlena was able to get $62000 as a private loan, which is very high for a private loan. Because signature loans don’t require a cosigner, these loans tend to require better credit, as high as 790

Fast Loans for Charlena in Whitesburg, Kentucky to prevent bankruptcy or harm from debt collectors.

Fast loans in Whitesburg, Kentucky aren’t actually that difficult to obtain, especially if you have some finesse like Charlena. Charlena was able to find a fast loan for $62000 from The First State Bank of Pineville and Kentucky National Bank of Pendleton County, but declined both offers in favor of their private loan from The Bank of Whitesburg. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. An improvement if a client is in a pinch.

Personal Loan for an alumni relations coordinator named Charlena in Whitesburg, Kentucky to Pay Off Merrill Lynch Merrill+ Visa

Charlena had a tonne of credit card debt on their JC Penney Credit Card and their Spirit Airlines, and they were starting to get in over their heads. Despite Charlena’s job as an alumni relations coordinator, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Charlena was 24, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a chronology of Charlena’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on October 18, 2008
  • Attempt 2) Loan for $29,000.00 on April 22, 2013
  • Attempt 3) Loan for $36,000.00 on March 24, 2013
  • Attempt 4) Loan for $27,000.00 on October 5, 2010
  • Attempt 5) Loan for $31,000.00 on September 21, 2011
  • Attempt 6) Loan for $37,000.00 on October 30, 2013
  • Attempt 7) Loan for $29,000.00 on June 9, 2011

Charlena was not approved by Stock Yards Bank & Trust Company 6 times before being approved by The Bank of Whitesburg at 187 Main Street

On August 21, 2010, Charlena applied about borrowing $9,000 from Stock Yards Bank & Trust Company with Magdalen, their in law from just outside Whitesburg, and even with the co-signer, Charlena was rejected for this private loan. With fair credit, it can be challenging to procure financing, even with collateral and a co-signer.

Many previous requests for credit have been made by Charlena in the past, including one from The Bank of Douglas County in Whitesburg, Kentucky before Charlena was approved for the $62000 by The Bank of Whitesburg

Charlena made 4 previous attempts to obtain a private loan, 2 of which were with The Bank of Douglas County, a lending institution in Whitesburg, Kentucky known to specialize in private loans specifically. Prior to finding The Bank of Whitesburg, Charlena was desperate due to their inexperience and fair credit rating.

Previous requests on Charlena’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$78360.00 5 9.8% $1657.22 Stock Yards Bank & Trust Company November 12, 2010
$78450.00 10 8.1% $955.97 Farmers Deposit Bank of Brandenburg February 16, 2013
$77790.00 5 7.7% $1566.16 Citizens Bank December 21, 2013
$78150.00 10 8.2% $956.45 Citizens Bank & Trust Company, Burgin, Kentucky February 28, 2015
$78440.00 4 10.6% $2012.12 Farmers National Bank July 21, 2015

Before applying for this private loan, Charlena had an Experian score of 611, which is fair, so The Bank of Whitesburg likely cannot provide Charlena a private loan

Experian Score: 611

Paraphrased and Standardized Quote from Charlena for this private loan of $62000, provided by The Bank of Whitesburg

Hi, I am Charlena and I’m from Whitesburg in Kentucky. Letcher, county is where I grew up, and now I need a private loan in Kentucky for $62000 to avoid bankruptcy. It has been difficult, but The Bank of Whitesburg really came through for me with this loan for 9.1% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to The Bank of Whitesburg for giving me a chance and my fair credit. It look me 7 years to create my credit to 599, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

Installment loan for Charlena, a graduate of Harcum College and an alumni relations coordinator working for over $67,000 per year

Charlena, an alumnus at Harcum College and an alumni relations coordinator in Whitesburg, Kentucky wants a private loan to purchase a new cell phone. Charlena has instead chosen to obtain an installment loan for $20,000 and is at present seeking lenders like Kentucky National Bank of Pendleton County to provide it.

7 Months Ago, Charlena Tried Finding a High Risk Loan for $30,000.00, and it was Easy

There is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Charlena. Charlena chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Clients with credit ratings as low as 350 can inquire for a high risk loan and have a chance to be approved.

Charlena has a disappointing current yearly income, but has a high number of prospects

Charlena has always wanted to be a financial services sales agent, but would need attend Harcum College again to become one. Charlena has other possibilities as well, including industrial relations specialist, nuclear power reactor operator, and soil engineer, which pay $58,000 through to $106,000 per year, on average. Because of this, we think that Charlena can afford this private loan of $62000.

Client Profile: Charlena Angevine of Whitesburg, Kentucky
  • Full name (Changed if requested): Charlena Angevine
  • Current Credit: loans.hit.utils.Fico@379619aa
  • Current City: Whitesburg
  • State: Kentucky
  • Zip code: 41862
  • Yearly income: $66,000
  • Current Job: alumni relations coordinator
  • Current County: Letcher
  • Goal Yearly Income: $137,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Charlena’s Transunion score was changed by the private loan loan, changing to 583 from 599, which is normal in our experience.

Transunion Score: 583

Contact Details for The Bank of Whitesburg, the provider of this private loan

  • The Bank of Whitesburg
  • City: Whitesburg
  • State: Kentucky
  • Address: 187 Main Street
  • County: Letcher
  • Zip code: 41858

Conclusion of Charlena’s private loan

In the end, Charlena was able to find a private loan for $62000 with an interest rate of 5.5% interest APR from The Bank of Whitesburg in Whitesburg, Kentucky repayable over 16 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.