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4 Month Personal Loan For Tom In Macon Illinois

$26000 Personal Loan – Macon Illinois, Credit Score Of 548

  • Experian: 567 – This client had a fair Experian rating
  • Transunion: 535 – Tom had a fair credit score with Transunion.
  • Equifax: Tom’s Experian score was 548, which is a fair credit score with the Experian system.

8 Months Ago, Tom Tried to Find a High Risk Loan for $47,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for clients to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Tom. Tom decided not to obtain 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 517 can inquire for a high risk loan and have a chance to be approved.

Personal Loan for a narcotics investigator named Tom in Macon, Illinois to Pay Off Fulton Bank Visa Signature Bonus Rewards PLUS Card

Tom had a tonne of credit card debt on their America’s First FCU Visa Platinum Plus and their Houston Astros BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Tom’s job as a narcotics investigator, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Tom for this personal loan of $26000, provided by Peoples Bank of Macon

Hi, I am Tom and I am from Macon in Illinois. Macon, county is where I grew up, and now I need a personal loan in Illinois for $26000 to buy a big ticket item. It has been difficult, but Peoples Bank of Macon really came through for me with this loan for 8.8% interest APR and a term of 19 years. I can probably repay the loan over the 19 year term, including interest. A big thanks to Peoples Bank of Macon for trusting me and my fair credit. It look me 8 years to create my credit to 548, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $33,000.00 to $48,000.00. They are normally used to pay off existing high interest loans like credit cards. Tom required a debt consolidation loan to pay for their existing personal loan and their payday loan. Tom was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.2%.

Tom’s Overall FICO score at the time of acceptance for a personal loan, taking into account their narcotics investigator job and their future job as a dietitian and nutritionist

Fico Score: 548

Fast Loans for Tom in Macon, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Macon, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Tom. Tom was able to find a fast loan for $26000 from First Chicago Bank of Oak Park and Byron Bank, but turned down both offers in favor of their personal loan from Peoples Bank of Macon. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference if a borrower is in a pinch.

Signature Loan found in Macon, Illinois for $26000 with fair credit by Tom

Most clients have difficulty with obtaining signature loans in Macon, Illinois, and Tom is the same. Tom went to 5 lenders or more prior to settling on Peoples Bank of Macon, who offered Tom a signature loan for $26000. Most signature loans simply need a client, like Tom’s signature to get them, up to $49,000 in some cases. Tom was able to get $26000 as a personal loan, which is very high for a personal loan. Since signature loans don’t need a cosigner, these loans generally require improved credit, as high as 704

Tom’s Transunion score was changed by the personal loan loan, changing to 535 from 548, which is typical in our experience.

Transunion Score: 535

Before applying for this personal loan, Tom had an Experian score of 567, which is fair, so Peoples Bank of Macon likely cannot provide Tom a personal loan

Experian Score: 567

Installment loan for Tom, a graduate of McLennan Community College and a narcotics investigator working for over $62,000 per year

Tom, an alumnus at McLennan Community College and a narcotics investigator in Macon, Illinois needs a personal loan to purchase something frivolous. Tom has instead chosen to obtain an installment loan for $26,000 and is currently seeking lenders like Amalgamated Bank of Chicago to provide it.

Tom has a disappointing current gross income, but has a high number of prospects

Tom has always wanted to be a dietitian and nutritionist, but would need attend McLennan Community College again to achieve it. Tom has other prospects as well, including hotel convention/events coordinator, screen writer, and real estate broker, which pay $57,000 through to $94,000 per year, at least. For this reason, we believe that Tom can pay for this personal loan of $26000.

Contact Details for Peoples Bank of Macon, the provider of this personal loan

  • Peoples Bank of Macon
  • City: Macon
  • State: Illinois
  • Address: 191 North Front Street
  • County: Macon
  • Zip code: 62544

Several past requests for credit have been made by Tom in the past, including one from Texas Bank of Amarillo in Macon, Illinois before Tom was accepted for the $26000 by Peoples Bank of Macon

Tom made 8 previous tries to obtain a personal loan, 2 of which were with Texas Bank of Amarillo, a lender in Macon, Illinois known to specialize in personal loans specifically. Prior to finding Peoples Bank of Macon, Tom was concerned due to their inexperience and fair credit score.

Previous requests on Tom’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$89310.00 8 7.6% $1244.47 The Gerber State Bank February 24, 2011
$89190.00 6 5.4% $1453.01 The Belvidere National Bank and Trust Company February 27, 2012
$89450.00 11 7.5% $997.19 Commerce Bank August 15, 2012
$88690.00 6 9.3% $1611.92 Byron Bank March 27, 2014
$89140.00 11 8.6% $1046.59 Amalgamated Bank of Chicago February 24, 2015

When Tom was 23, they tried to obtain a student loan from 4 alternate banks, which harmed their credit rating. Below is a list of Tom’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on September 10, 2012
  • Attempt 2) Loan for $27,000.00 on February 28, 2010
  • Attempt 3) Loan for $35,000.00 on April 1, 2009
  • Attempt 4) Loan for $33,000.00 on May 20, 2010
Client Profile: Tom Machi of Macon, Illinois
  • Full name (Changed if requested): Tom Machi
  • Current Credit: loans.hit.utils.Fico@ba8a1dc
  • Current City: Macon
  • State: Illinois
  • Zip code: 62549
  • Yearly income: $61,000
  • Current Job: narcotics investigator
  • Current County: Macon
  • Goal Yearly Income: $123,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Tom was rejected by State Bank of Niantic 5 times prior to being accepted by Peoples Bank of Macon at 191 North Front Street

On June 22, 2010, Tom applied about borrowing $5,000 from Harris Trust and Savings Bank with Wilburn, their in law from just outside Macon, and even with the co-signer, Tom was rejected for this personal loan. With fair credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Conclusion of Tom’s personal loan

In the end, Tom was able to find a personal loan for $26000 with an interest rate of 5.2% interest APR from Peoples Bank of Macon in Macon, Illinois repayable over 19 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.