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Mortgage For $160000 Near 30701, Georgia With A Credit Score Of 589

$160000 Mortgage – Calhoun Georgia, Credit Score Of 589

  • Experian: 601 – This client had a fair Experian score
  • Transunion: 573 – Micheline had a fair credit rating with Transunion.
  • Equifax: Micheline’s Experian score was 589, which is a fair credit score using the Experian system.

Paraphrased and Standardized Quote from Micheline for this mortgage of $160000, provided by Gordon County Bank

Hi, I am Micheline and I am from Calhoun in Georgia. Gordon, county is where I grew up, and now I need a mortgage in Georgia for $160000 to avoid bankruptcy. It has been difficult, but Gordon County Bank really came through for me with this loan for 6.1% interest APR and a term of 4 years. I will repay the loan over the 4 year term, including interest. A big thanks to Gordon County Bank for giving me a chance and my fair credit. It look me 7 years to build my credit to 589, and I won’t tarnish it any more. I am pleased with Find Texas Loans for helping me this far.

Contact Details for Gordon County Bank, the provider of this mortgage

  • Gordon County Bank
  • City: Calhoun
  • State: Georgia
  • Address: 319 South Wall Street
  • County: Gordon
  • Zip code: 30701
Client Profile: Micheline Shongo of Calhoun, Georgia
  • Full name (Changed if requested): Micheline Shongo
  • Current Credit: loans.hit.utils.Fico@66cd51c3
  • Current City: Calhoun
  • State: Georgia
  • Zip code: 30710
  • Yearly income: $31,000
  • Current Job: credit analyst
  • Current County: Gordon
  • Goal Yearly Income: $108,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

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

  • Attempt 1) Loan for $36,000.00 on September 25, 2011
  • Attempt 2) Loan for $21,000.00 on February 14, 2010
  • Attempt 3) Loan for $26,000.00 on July 18, 2011
  • Attempt 4) Loan for $26,000.00 on October 1, 2013

Micheline’s Overall FICO score at the time of acceptance for a mortgage, taking into account their credit analyst job and their future job as a motion picture director

Fico Score: 589

8 Months in the Past, Micheline Tried Finding a High Risk Loan for $25,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Micheline. Micheline chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Individuals with credit ratings as low as 303 can inquire for a high risk loan and possibly can be approved.

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans vary from $37,000.00 to $44,000.00. They are typically used to pay off existing high interest loans like credit cards. Micheline needed a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Micheline was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.1%.

Before applying for this mortgage, Micheline had an Experian score of 601, which is fair, so Gordon County Bank probably cannot provide Micheline a mortgage

Experian Score: 601

Micheline’s Transunion score was altered by the mortgage loan, changing to 573 from 589, which is typical in our experience.

Transunion Score: 573

Signature Loan easily acquired in Calhoun, Georgia for $160000 with fair credit by Micheline

Many prospective borrowers struggle with finding signature loans in Calhoun, Georgia, and Micheline is no different. Micheline went to 4 lending institutions or more prior to settling on Gordon County Bank, who offered Micheline a signature loan for $160000. Most signature loans simply require a client, like Micheline’s signature to get them, up to $49,000 in some cases. Micheline was able to get $160000 as a mortgage, which is very high for a mortgage. Since signature loans don’t need a cosigner, they tend to need higher credit, as high as 739

Micheline was rejected by Citizens Bank 6 times prior to being approved by Gordon County Bank at 319 South Wall Street

On November 2, 2013, Micheline applied about borrowing $19,000 from Talbot State Bank with Tina, their friend from just outside Calhoun, and even with the co-signer, Micheline was rejected for this mortgage. With fair credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Multiple past requests for credit have been made by Micheline in the past, including one from The Citizens Bank and Trust Company of Grayson County in Calhoun, Georgia before Micheline was accepted for the $160000 by Gordon County Bank

Micheline made 9 previous attempts to obtain a mortgage, 2 of which were with The Citizens Bank and Trust Company of Grayson County, a lender in Calhoun, Georgia known to specialize in mortgages specifically. Before finding Gordon County Bank, Micheline was desperate due to their inexperience and fair credit rating.

Installment loan for Micheline, a graduate of University of Pittsburgh – Main Campus and a credit analyst working for over $65,000 per year

Micheline, an alumnus at University of Pittsburgh – Main Campus and a credit analyst in Calhoun, Georgia needs a mortgage to purchase something frivolous. Micheline has instead decided to obtain an installment loan for $26,000 and is at present seeking lenders like The United Banking Company to provide it.

Micheline has a low current total income, but has a high number of prospects

Micheline has always wanted to be a motion picture director, but would have to attend University of Pittsburgh – Main Campus again to achieve it. Micheline has other prospects as well, including script editor, fire protection engineering technician, and outdoor education teacher, which pay $52,000 through to $109,000 per year, on average. Because of this, we believe that Micheline can pay for this mortgage of $160000.

Previous requests on Micheline’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$27750.00 7 7.3% $422.9 NationsBank of Florida, National Association November 2, 2011
$28390.00 5 5.5% $542.28 Century Bank and Trust February 1, 2014
$27840.00 10 5.4% $300.76 Bank of Madison May 8, 2014
$27560.00 11 11.5% $368.85 Bank of Hazlehurst June 3, 2014

Personal Loan for a credit analyst named Micheline in Calhoun, Georgia to Pay Off Glens Falls National Bank & Trust Maximum Rewards Visa Card

Micheline had a tonne of credit card debt on their Evans Bank Visa Signature Card with Maximum Rewards and their Belk Rewards Card, and they were starting to get in over their heads. Despite Micheline’s job as a credit analyst, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Fast Loans for Micheline in Calhoun, Georgia to prevent bankruptcy or harm from debt collectors.

Fast loans in Calhoun, Georgia aren’t actually that difficult to obtain, especially if you have some gumption like Micheline. Micheline was able to find a fast loan for $160000 from First National Bank of Griffin and The Rockmart Bank, but declined both offers in favor of their mortgage from Gordon County Bank. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement in the case that you are on the go.

Conclusion of Micheline’s mortgage

In the end, Micheline was able to find a mortgage for $160000 with an interest rate of 6.2% interest APR from Gordon County Bank in Calhoun, Georgia repayable over 4 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.