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12 Year, Variable Interest Direct Loan For Junior In Oklahoma

$96000 Direct Loan – Oklahoma City Oklahoma, Credit Rating Of 351

  • Experian: 366 – The client had a terrible Experian score
  • Transunion: 335 – Junior had a terrible credit score with Transunion.
  • Equifax: Junior’s Experian score was 351, which is a terrible credit rating with the Experian system.

Contact Details for Lincoln National Bank, the provider of this direct loan

  • Lincoln National Bank
  • City: Oklahoma City
  • State: Oklahoma
  • Address: 1111 North Lincoln Boulevard
  • County: Oklahoma
  • Zip code: 73105

Junior’s Overall FICO score at the time of acceptance for a direct loan, taking into account their speech writer job and their future career as a patent agent

Fico Score: 351

When Junior was 21, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a list of Junior’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on February 24, 2011
  • Attempt 2) Loan for $23,000.00 on January 16, 2012
  • Attempt 3) Loan for $27,000.00 on November 16, 2012
  • Attempt 4) Loan for $24,000.00 on December 31, 2012

Junior was declined by American Exchange Bank 5 times before being approved by Lincoln National Bank at 1111 North Lincoln Boulevard

On April 25, 2010, Junior inquired about borrowing $26,000 from The Citizens Bank with Azalee, their friend from just outside Oklahoma City, and even with the co-signer, Junior was rejected for this direct loan. With terrible credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Client Profile: Junior Klahr of Oklahoma City, Oklahoma
  • Full name (Changed if requested): Junior Klahr
  • Current Credit: loans.hit.utils.Fico@26a1ab54
  • Current City: Oklahoma City
  • State: Oklahoma
  • Zip code: 73112
  • Yearly income: $44,000
  • Current Job: speech writer
  • Current County: Oklahoma
  • Goal Yearly Income: $99,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Previous requests on Junior’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$143850.00 5 5.8% $2767.67 The First State Bank December 1, 2008
$143720.00 7 7.6% $2211.52 Security Bank and Trust Company October 8, 2010
$144330.00 8 8.2% $2055.05 The First State Bank, Willow, Okla. January 8, 2013
$144420.00 5 9.8% $3054.31 Sooner State Bank June 26, 2013

Paraphrased and Standardized Quote from Junior for this direct loan of $96000, provided by Lincoln National Bank

Hello, I am Junior and I’m from Oklahoma City in Oklahoma. Oklahoma, county is where I grew up, and now I need a direct loan in Oklahoma for $96000 to pay bills. It has been difficult, but Lincoln National Bank really came through for me with this loan for 6.7% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to Lincoln National Bank for trusting me and my terrible credit. It look me 5 years to build my credit to 351, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Fast Loans for Junior in Oklahoma City, Oklahoma to prevent bankruptcy or harm from debt collectors.

Fast loans in Oklahoma City, Oklahoma aren’t actually that difficult to obtain, particularly if you have some finesse like Junior. Junior was able to find a fast loan for $96000 from Cleo State Bank and The Morris State Bank, but turned down both offers in favor of their direct loan from Lincoln National Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big difference in the case that a client is in a time sensitive situation.

Junior has a low current gross income, but has a high number of prospects

Junior has always wanted to be a patent agent, but would have to attend Texas Tech University again to achieve it. Junior has other prospects as well, including package designer, logging tractor operator, and casino floor person, which pay $56,000 through to $90,000 per year, on average. For this reason, we think that Junior can afford this direct loan of $96000.

Installment loan for Junior, a graduate of Texas Tech University and a speech writer working for over $73,000 per year

Junior, an alumnus at Texas Tech University and a speech writer in Oklahoma City, Oklahoma wants a direct loan to purchase a house. Junior has instead decided to get an installment loan for $25,000 and is currently seeking lenders like American Exchange Bank to provide it.

Many previous requests for credit have been made by Junior in the past, including one from Guaranty Federal Savings Bank in Oklahoma City, Oklahoma before Junior was accepted for the $96000 by Lincoln National Bank

Junior made 8 previous tries to obtain a direct loan, 2 of which were with Guaranty Federal Savings Bank, a bank in Oklahoma City, Oklahoma known to specialize in direct loans specifically. Prior to finding Lincoln National Bank, Junior was desperate due to their inexperience and terrible credit rating.

Before applying for this direct loan, Junior had an Experian score of 366, which is terrible, so Lincoln National Bank most likely cannot provide Junior a direct loan

Experian Score: 366

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

Most debt consolidation loans vary from $34,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Junior required a debt consolidation loan to pay for their existing direct loan and their payday loan. Junior was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.6%.

8 Months Ago, Junior Attempted Finding a High Risk Loan for $41,000.00, and it was Easy

It is an existing struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Junior. Junior chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Individuals with credit scores as low as 484 can inquire for a high risk loan and may be be accepted.

Signature Loan easily acquired in Oklahoma City, Oklahoma for $96000 with terrible credit by Junior

Many prospective borrowers struggle with finding signature loans in Oklahoma City, Oklahoma, and Junior is the same. Junior went to 5 lending institutions or more prior to settling on Lincoln National Bank, who offered Junior a signature loan for $96000. Typical signature loans simply need a client, like Junior’s signature to obtain them, up to $34,000 in some cases. Junior was able to get $96000 as a direct loan, which is very high for a direct loan. Because signature loans do not require collateral, these loans tend to need higher credit, as high as 742

Junior’s Transunion score was changed by the direct loan loan, changing to 335 from 351, which is normal in our experience.

Transunion Score: 335

Personal Loan for a speech writer named Junior in Oklahoma City, Oklahoma to Pay Off OneCall Credit Card

Junior had a tonne of credit card debt on their USAA Classic Platinum Visa and their Sam’s Club Business Credit Card, and they were starting to get in over their heads. Despite Junior’s job as a speech writer, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Conclusion of Junior’s direct loan

In the end, Junior was able to find a direct loan for $96000 with an interest rate of 9.0% interest APR from Lincoln National Bank in Oklahoma City, Oklahoma repayable over 12 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.