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$54000 Mortgage In Clinton South Carolina With Credit Score 538 For Pat

$54000 Mortgage – Clinton South Carolina, Credit Rating Of 538

  • Experian: 551 – This client had a fair Experian rating
  • Transunion: 521 – Pat had a fair credit score with Transunion.
  • Equifax: Pat’s Experian score was 538, which is a fair credit rating with the Experian scale.
Client Profile: Pat Neiger of Clinton, South Carolina
  • Full name (Changed if requested): Pat Neiger
  • Current Credit: loans.hit.utils.Fico@255316f2
  • Current City: Clinton
  • State: South Carolina
  • Zip code: 29329
  • Yearly income: $52,000
  • Current Job: sales representatives
  • Current County: Laurens
  • Goal Yearly Income: $85,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Personal Loan for a sales representatives named Pat in Clinton, South Carolina to Pay Off America’s First FCU Visa Secured

Pat had a tonne of credit card debt on their Lawyers Without Borders Visa Platinum Rewards Card and their MCU Visa Platinum, and they were starting to get in over their heads. Despite Pat’s job as a sales representatives, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this mortgage, Pat had an Experian score of 551, which is fair, so Citizens Federal Savings and Loan Association most likely cannot provide Pat a mortgage

Experian Score: 551

Installment loan for Pat, a graduate of National Louis University and a sales representatives working for over $65,000 per year

Pat, an alumnus at National Louis University and a sales representatives in Clinton, South Carolina needs a mortgage to purchase a house. Pat has instead decided to obtain an installment loan for $9,000 and is currently seeking lenders like The Palmetto Bank to provide it.

Paraphrased and Standardized Quote from Pat for this mortgage of $54000, provided by Citizens Federal Savings and Loan Association

Hello, I am Pat and I am from Clinton in South Carolina. Laurens, county is where I grew up, and now I need a mortgage in South Carolina for $54000 to buy a big ticket item. It wasn’t easy, but Citizens Federal Savings and Loan Association really came through for me with this loan for 11.7% interest APR and a term of 17 years. I can probably repay the loan over the 17 year term, including interest. A big thanks to Citizens Federal Savings and Loan Association for giving me a chance and my fair credit. It look me 5 years to create my credit to 538, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

7 Months in the Past, Pat Tried Finding a High Risk Loan for $33,000.00, and it was Hard

It is an ongoing struggle for borrowers 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 frightening to borrowers like Pat. Pat decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Clients with credit scores as low as 545 can inquire for a high risk loan and have a chance to be accepted.

Fast Loans for Pat in Clinton, South Carolina to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Clinton, South Carolina aren’t actually that difficult to obtain, particularly if you have some finesse like Pat. Pat was able to find a fast loan for $54000 from Bank of Hodges and Wachovia Bank of South Carolina, National Association, but turned down both offers in favor of their mortgage from Citizens Federal Savings and Loan Association. 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 6 weeks for installment loans. Much better if you are on the go.

Pat’s Transunion score was changed by the mortgage loan, changing to 521 from 538, which is typical in our experience.

Transunion Score: 521

Previous requests on Pat’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$78730.00 8 10.6% $1219.8 The Peoples Bank May 8, 2012
$79290.00 5 11.8% $1755.76 The Commercial Bank February 19, 2014
$78880.00 3 7.4% $2450.04 The Bank of Hartsville April 11, 2015
$79240.00 5 11.3% $1734.75 Farmers and Merchants Bank of South Carolina April 24, 2015
$78540.00 4 11.4% $2045.2 The Security Bank June 30, 2015

Contact Details for Citizens Federal Savings and Loan Association, the provider of this mortgage

  • Citizens Federal Savings and Loan Association
  • City: Clinton
  • State: South Carolina
  • Address: 203 South Broad St
  • County: Laurens
  • Zip code: 29325

Pat has a low current yearly income, but has a large amount of prospects

Pat has always wanted to be a personnel assistant, but would have to attend National Louis University again to achieve it. Pat has other possibilities as well, including quality control engineer, ship master, and sales representative, which pay $57,000 through to $108,000 per year, on average. Because of this, we think that Pat can afford this mortgage of $54000.

Several past requests for credit have been made by Pat in the past, including one from Texas Commerce Bank-WestLake Park, National Association in Clinton, South Carolina before Pat was accepted for the $54000 by Citizens Federal Savings and Loan Association

Pat made 8 previous attempts to obtain a mortgage, 2 of which were with Texas Commerce Bank-WestLake Park, National Association, a lender in Clinton, South Carolina known to specialize in mortgages specifically. Before finding Citizens Federal Savings and Loan Association, Pat was concerned due to their inexperience and fair credit score.

Signature Loan easily acquired in Clinton, South Carolina for $54000 with fair credit by Pat

Many clients struggle with obtaining signature loans in Clinton, South Carolina, and Pat is no different. Pat went to 5 lending institutions or more before settling on Citizens Federal Savings and Loan Association, who offered Pat a signature loan for $54000. Typical signature loans simply need a client, like Pat’s signature to get them, up to $45,000 in some cases. Pat was able to get $54000 as a mortgage, which is very high for a mortgage. Because signature loans do not need collateral, these loans generally need higher credit, as high as 787

Pat was not approved by The National Bank of South Carolina 5 times before being approved by Citizens Federal Savings and Loan Association at 203 South Broad St

On October 22, 2012, Pat applied about borrowing $8,000 from NCNB National Bank of South Carolina with Charlena, their in law from just outside Clinton, and even with the co-signer, Pat was rejected for this mortgage. With fair credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Pat’s Overall FICO score at the time of acceptance for a mortgage, taking into account their sales representatives job and their future job as a personnel assistant

Fico Score: 538

When Pat was 24, they attempted to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a list of Pat’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on January 29, 2009
  • Attempt 2) Loan for $29,000.00 on May 6, 2010
  • Attempt 3) Loan for $20,000.00 on June 17, 2011
  • Attempt 4) Loan for $29,000.00 on April 11, 2009
  • Attempt 5) Loan for $25,000.00 on June 10, 2012

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

Average debt consolidation loans range from $23,000.00 to $44,000.00. They are typically used to pay off existing high interest loans like credit cards. Pat required a debt consolidation loan to pay for their existing mortgage and their credit card. Pat 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 less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.5%.

Conclusion of Pat’s mortgage

In the end, Pat was able to find a mortgage for $54000 with an interest rate of 10.1% interest APR from Citizens Federal Savings and Loan Association in Clinton, South Carolina repayable over 17 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.