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$16000 No Collateral Loan In Baton Rouge Louisiana With Credit Score 423 For Ashli

$16000 No Collateral Loan – Baton Rouge Louisiana, Credit Rating Of 423

  • Experian: 433 – This individual had a bad Experian rating
  • Transunion: 408 – Ashli had a bad credit rating with Transunion.
  • Equifax: Ashli’s Experian score was 423, which is a bad credit score on the Experian system.
Client Profile: Ashli Carmicheal of Baton Rouge, Louisiana
  • Full name (Changed if requested): Ashli Carmicheal
  • Current Credit: loans.hit.utils.Fico@d70c109
  • Current City: Baton Rouge
  • State: Louisiana
  • Zip code: 70811
  • Yearly income: $34,000
  • Current Job: factory layout engineer
  • Current County: East Baton Rouge
  • Goal Yearly Income: $138,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Personal Loan for a factory layout engineer named Ashli in Baton Rouge, Louisiana to Pay Off Synovus Visa Business Platinum Card

Ashli had a tonne of credit card debt on their FirstMerit Bank MasterCard and their EverCard Visa Platinum Credit Card, and they were starting to get in over their heads. Despite Ashli’s job as a factory layout engineer, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Contact Details for Home Savings and Loan Association, the provider of this no collateral loan

  • Home Savings and Loan Association
  • City: Baton Rouge
  • State: Louisiana
  • Address: 5880 Florida Street
  • County: East Baton Rouge
  • Zip code: 70806

Paraphrased and Standardized Quote from Ashli for this no collateral loan of $16000, provided by Home Savings and Loan Association

Hi, I am Ashli and I’m from Baton Rouge in Louisiana. East Baton Rouge, county is where I grew up, and now I need a no collateral loan in Louisiana for $16000 to renovate my home. It wasn’t easy, but Home Savings and Loan Association really came through for me with this loan for 9.2% interest APR and a term of 6 years. I will repay the loan over the 6 year term, including interest. A big thanks to Home Savings and Loan Association for trusting me and my bad credit. It look me 6 years to build my credit to 423, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

When Ashli was 18, they tried to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a list of Ashli’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on March 27, 2013
  • Attempt 2) Loan for $25,000.00 on October 29, 2010
  • Attempt 3) Loan for $38,000.00 on September 4, 2009
  • Attempt 4) Loan for $31,000.00 on July 20, 2010

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

Most debt consolidation loans vary from $33,000.00 to $45,000.00. They are normally used to pay off existing high interest loans like credit cards. Ashli needed a debt consolidation loan to pay for their existing no collateral loan and their credit card. Ashli was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.0%.

Ashli’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their factory layout engineer job and their future job as a warehouse stock clerk

Fico Score: 423

Signature Loan easily acquired in Baton Rouge, Louisiana for $16000 with bad credit by Ashli

Most clients struggle with finding signature loans in Baton Rouge, Louisiana, and Ashli is not an exception. Ashli went to 8 lending institutions or more before finding Home Savings and Loan Association, who offered Ashli a signature loan for $16000. Typical signature loans simply need a client, like Ashli’s signature to obtain them, up to $45,000 in some cases. Ashli was able to get $16000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans don’t need a cosigner, they generally need better credit, as high as 756

Fast Loans for Ashli in Baton Rouge, Louisiana to prevent bankruptcy or harm from debt collectors.

Fast loans in Baton Rouge, Louisiana aren’t actually that difficult to obtain, particularly if you have some finesse like Ashli. Ashli was able to find a fast loan for $16000 from Landmark Bank and Bank of Grand Cane, but declined both offers in favor of their no collateral loan from Home Savings and Loan Association. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. An improvement in the case that a borrower is in a pinch.

Installment loan for Ashli, a graduate of University of Iowa and a factory layout engineer working for over $75,000 per year

Ashli, an alumnus at University of Iowa and a factory layout engineer in Baton Rouge, Louisiana wants a no collateral loan to purchase a new cell phone. Ashli has instead decided to obtain an installment loan for $10,000 and is at present seeking lenders like St. James Bank & Trust Company to process their request.

Ashli has a low current total income, but has several of prospects

Ashli has always wanted to be a warehouse stock clerk, but would have to attend University of Iowa again to become one. Ashli has other possibilities as well, including furniture designer, cartographer, and controller, which pay $56,000 through to $103,000 per year, at least. Because of this, we believe that Ashli can pay for this no collateral loan of $16000.

Previous requests on Ashli’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$49450.00 4 5.6% $1152.29 Bank of Zachary March 26, 2009
$48660.00 4 11.4% $1267.12 Landmark Bank July 19, 2010
$49350.00 10 6.5% $560.36 Bank of Gonzales November 14, 2012
$49380.00 11 9.2% $596.09 The Highlands Bank June 27, 2013

8 Months Ago, Ashli Tried Finding a High Risk Loan for $24,000.00, and it was Hard

There is an existing struggle for clients to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Ashli. Ashli decided not to get a high risk loan this time. High Risk loans are given to terrible credit borrowers. Individuals with credit scores as low as 301 can inquire for a high risk loan and may be be accepted.

Before applying for this no collateral loan, Ashli had an Experian score of 433, which is bad, so Home Savings and Loan Association most likely cannot provide Ashli a no collateral loan

Experian Score: 433

Many other requests for credit have been made by Ashli in the past, including one from Workingmens Savings Bank in Baton Rouge, Louisiana before Ashli was accepted for the $16000 by Home Savings and Loan Association

Ashli made 7 previous attempts to obtain a no collateral loan, 2 of which were with Workingmens Savings Bank, a lending institution in Baton Rouge, Louisiana known to specialize in no collateral loans specifically. Before finding Home Savings and Loan Association, Ashli was concerned due to their inexperience and bad credit score.

Ashli’s Transunion score was changed by the no collateral loan loan, changing to 408 from 423, which is typical in our experience.

Transunion Score: 408

Ashli was rejected by Landmark Bank 6 times prior to being accepted by Home Savings and Loan Association at 5880 Florida Street

On June 14, 2011, Ashli applied about borrowing $36,000 from The Highlands Bank with Tamesha, their in law from just outside Baton Rouge, and even with the co-signer, Ashli was rejected for this no collateral loan. With bad credit, it can be difficult to procure funding, even with collateral and a co-signer.

Conclusion of Ashli’s no collateral loan

In the end, Ashli was able to find a no collateral loan for $16000 with an interest rate of 5.8% interest APR from Home Savings and Loan Association in Baton Rouge, Louisiana repayable over 6 years from today.

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.