$48000 Signature Loan – Jefferson Iowa, Credit Rating Of 436
- Experian: 446 – This individual had a bad Experian score
- Transunion: 419 – Mei had a bad credit rating with Transunion.
- Equifax: Mei’s Experian score was 436, which is a bad credit rating on the Experian system.
Mei has a sad current total income, but has several of prospects
Mei has always wanted to be a fence installer, but would have to attend Georgia Institute of Cosmetology again to become one. Mei has other prospects as well, including patent agent, sanitary engineer, and scientific photographer, which pay $58,000 through to $99,000 per year, at least. Because of this, we think that Mei can pay for this signature loan of $48000.
Fast Loans for Mei in Jefferson, Iowa to prevent bankruptcy or harm from debt collectors.
Fast loans in Jefferson, Iowa aren’t actually that difficult to obtain, particularly if you have some finesse like Mei. Mei was able to find a fast loan for $48000 from Security State Bank and Commercial Savings Bank, but declined both offers in favor of their signature loan from Security National Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big improvement in the case that a client is in a time sensitive situation.
Personal Loan for a motion picture director named Mei in Jefferson, Iowa to Pay Off Texas Fish & Game Rewards Visa
Mei had a tonne of credit card debt on their Quantas and their Citizens Bank Everyday Points Platinum MasterCard, and they were starting to get in over their heads. Despite Mei’s job as a motion picture director, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
- Full name (Changed if requested): Mei Babbit
- Current Credit: loans.hit.utils.Fico@cac736f
- Current City: Jefferson
- State: Iowa
- Zip code: 50136
- Yearly income: $41,000
- Current Job: motion picture director
- Current County: Chickasaw
- Goal Yearly Income: $145,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
When Mei was 23, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a chronology of Mei’s previous attempts at finding a student loan:
- Attempt 1) Loan for $30,000.00 on August 22, 2013
- Attempt 2) Loan for $39,000.00 on October 29, 2009
- Attempt 3) Loan for $20,000.00 on September 27, 2012
- Attempt 4) Loan for $30,000.00 on February 16, 2010
- Attempt 5) Loan for $24,000.00 on April 11, 2009
- Attempt 6) Loan for $35,000.00 on December 22, 2010
- Attempt 7) Loan for $39,000.00 on May 14, 2011
Mei was rejected by Manson State Bank 6 times prior to being approved by Security National Bank at 116 West State Street
On October 30, 2008, Mei applied about borrowing $26,000 from Solon State Bank with Dee, their friend from just outside Jefferson, and even with the co-signer, Mei was rejected for this signature loan. With bad credit, it can be difficult to procure funding, even with collateral and a co-signer.
Previous requests on Mei’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$15470.00||11||7.3%||$170.82||Mills County Bank National Association||November 3, 2013|
|$14580.00||7||8.7%||$232.37||Postville State Bank||November 7, 2013|
|$15160.00||9||5.2%||$176.07||Washington State Bank||July 20, 2014|
|$14590.00||11||5.3%||$146.1||Rippey Savings Bank||August 10, 2014|
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $30,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Mei needed a debt consolidation loan to pay for their existing signature loan and their credit card. Mei was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.5%.
Installment loan for Mei, a graduate of Georgia Institute of Cosmetology and a motion picture director working for over $75,000 per year
Mei, an alumnus at Georgia Institute of Cosmetology and a motion picture director in Jefferson, Iowa needs a signature loan to purchase a car. Mei has instead decided to get an installment loan for $23,000 and is currently seeking lenders like Security State Bank to provide it.
Mei’s Overall FICO score at the time of acceptance for a signature loan, taking into account their motion picture director job and their future job as a fence installer
Paraphrased and Standardized Quote from Mei for this signature loan of $48000, provided by Security National Bank
Hi, I am Mei and I am from Jefferson in Iowa. Chickasaw, county is where I grew up, and now I need a signature loan in Iowa for $48000 to buy a car. It wasn’t easy, but Security National Bank really came through for me with this loan for 5.6% interest APR and a term of 12 years. I can probably repay the loan over the 12 year term, including interest. A big thanks to Security National Bank for trusting me and my bad credit. It look me 9 years to create my credit to 436, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.
Contact Details for Security National Bank, the provider of this signature loan
- Security National Bank
- City: Jefferson
- State: Iowa
- Address: 116 West State Street
- County: Chickasaw
- Zip code: 50129
6 Months in the Past, Mei Attempted Finding a High Risk Loan for $34,000.00, and it was Hard
It is an well known struggle for borrowers to find 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 frightening to borrowers like Mei. Mei chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Clients with credit ratings as low as 319 can apply for a high risk loan and possibly can be accepted.
Mei’s Transunion score was altered by the signature loan loan, changing to 419 from 436, which is normal in our experience.
Before applying for this signature loan, Mei had an Experian score of 446, which is bad, so Security National Bank probably cannot provide Mei a signature loan
Signature Loan easily acquired in Jefferson, Iowa for $48000 with bad credit by Mei
A lot of clients have difficulty with finding signature loans in Jefferson, Iowa, and Mei is no different. Mei went to 8 lending institutions or more before finding Security National Bank, who offered Mei a signature loan for $48000. Most signature loans simply require a client, like Mei’s signature to obtain them, up to $48,000 in some cases. Mei was able to get $48000 as a signature loan, which is very high for a signature loan. Because signature loans don’t require collateral, they tend to need better credit, as high as 797
Multiple previous requests for credit have been made by Mei in the past, including one from First State Bank of Van Orin in Jefferson, Iowa before Mei was approved for the $48000 by Security National Bank
Mei made 8 previous tries to obtain a signature loan, 2 of which were with First State Bank of Van Orin, a bank in Jefferson, Iowa known to specialize in signature loans specifically. Prior to finding Security National Bank, Mei was concerned due to their inexperience and bad credit rating.
Conclusion of Mei’s signature loan
In the end, Mei was able to find a signature loan for $48000 with an interest rate of 8.8% interest APR from Security National Bank in Jefferson, Iowa repayable over 12 years from today.