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High Risk Loan For $112000 Near 61021, Illinois With A Credit Score Of 655

$112000 High Risk Loan – Dixon Illinois, Credit Score Of 655

  • Experian: 669 – They had a good Experian rating
  • Transunion: 637 – Donte had a good credit score with Transunion.
  • Equifax: Donte’s Experian score was 655, which is a good credit score using the Experian system.

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

Most debt consolidation loans range from $21,000.00 to $46,000.00. They are typically used to pay off existing high interest loans like credit cards. Donte required a debt consolidation loan to pay for their existing high risk loan and their credit card. Donte was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.3%.

Donte has a sad current yearly income, but has a large amount of prospects

Donte has always wanted to be a marine surveyor, but would need attend Community College of Allegheny County again to achieve it. Donte has other prospects as well, including industrial health engineer, office supervisor, and personnel recruiter, which pay $56,000 through to $91,000 per year, on average. For this reason, we think that Donte can afford this high risk loan of $112000.

Donte was not approved by Uptown National Bank of Chicago 6 times before being approved by First Federal Savings and Loan Association of Dixon at 413 North Galena Ave

On March 7, 2012, Donte applied about borrowing $29,000 from State Bank of Clearing with Paula, their friend from just outside Dixon, and even with the co-signer, Donte was rejected for this high risk loan. With good credit, it can be difficult to procure financing, even with collateral and a co-signer.

Donte’s Transunion score was changed by the high risk loan loan, changing to 637 from 655, which is normal in our experience.

Transunion Score: 637

Client Profile: Donte Profera of Dixon, Illinois
  • Full name (Changed if requested): Donte Profera
  • Current Credit: loans.hit.utils.Fico@41906a77
  • Current City: Dixon
  • State: Illinois
  • Zip code: 61027
  • Yearly income: $53,000
  • Current Job: casino cage worker
  • Current County: Lee
  • Goal Yearly Income: $118,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Installment loan for Donte, a graduate of Community College of Allegheny County and a casino cage worker working for over $76,000 per year

Donte, an alumnus at Community College of Allegheny County and a casino cage worker in Dixon, Illinois needs a high risk loan to purchase a house. Donte has instead decided to obtain an installment loan for $3,000 and is currently seeking lenders like Greatbank Chicago to provide it.

Signature Loan found in Dixon, Illinois for $112000 with good credit by Donte

Many clients struggle with finding signature loans in Dixon, Illinois, and Donte is not an exception. Donte went to 7 lending institutions or more prior to finding First Federal Savings and Loan Association of Dixon, who offered Donte a signature loan for $112000. Typical signature loans simply require a client, like Donte’s signature to obtain them, up to $39,000 in some cases. Donte was able to get $112000 as a high risk loan, which is very high for a high risk loan. Since signature loans don’t need a cosigner, they tend to require higher credit, as high as 700

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

Fast loans in Dixon, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Donte. Donte was able to find a fast loan for $112000 from Farmers & Mechanics Bank and Peoples National Bank of Kewanee, but turned down both offers in favor of their high risk loan from First Federal Savings and Loan Association of Dixon. 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 7 weeks for personal loans. A big improvement if a client is in a pinch.

Before applying for this high risk loan, Donte had an Experian score of 669, which is good, so First Federal Savings and Loan Association of Dixon probably cannot provide Donte a high risk loan

Experian Score: 669

Paraphrased and Standardized Quote from Donte for this high risk loan of $112000, provided by First Federal Savings and Loan Association of Dixon

Hi, I am Donte and I am from Dixon in Illinois. Lee, county is where I grew up, and now I need a high risk loan in Illinois for $112000 to buy a car. It has been difficult, but First Federal Savings and Loan Association of Dixon really came through for me with this loan for 5.6% interest APR and a term of 23 years. I can repay the loan over the 23 year term, including interest. A big thanks to First Federal Savings and Loan Association of Dixon for giving me a chance and my good credit. It look me 5 years to create my credit to 655, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

Multiple other requests for credit have been made by Donte in the past, including one from Mahopac Bank in Dixon, Illinois before Donte was accepted for the $112000 by First Federal Savings and Loan Association of Dixon

Donte made 9 previous tries to obtain a high risk loan, 2 of which were with Mahopac Bank, a lender in Dixon, Illinois known to specialize in high risk loans specifically. Prior to finding First Federal Savings and Loan Association of Dixon, Donte was desperate due to their inexperience and good credit rating.

Previous requests on Donte’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$143260.00 8 10.8% $2234.96 The Gerber State Bank October 2, 2009
$143440.00 6 10.5% $2693.66 The Belvidere National Bank and Trust Company September 28, 2011
$142840.00 8 6.5% $1912.09 Commerce Bank January 21, 2014
$143460.00 11 6.1% $1494.58 Byron Bank October 11, 2014

Donte’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their casino cage worker job and their future job as a marine surveyor

Fico Score: 655

When Donte was 24, they tried to obtain a student loan from 7 different banks, which damaged their credit score. Below is a list of Donte’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on July 13, 2009
  • Attempt 2) Loan for $31,000.00 on May 21, 2009
  • Attempt 3) Loan for $30,000.00 on November 27, 2013
  • Attempt 4) Loan for $33,000.00 on June 30, 2010
  • Attempt 5) Loan for $37,000.00 on October 7, 2011
  • Attempt 6) Loan for $26,000.00 on October 6, 2011
  • Attempt 7) Loan for $35,000.00 on February 20, 2011

Contact Details for First Federal Savings and Loan Association of Dixon, the provider of this high risk loan

  • First Federal Savings and Loan Association of Dixon
  • City: Dixon
  • State: Illinois
  • Address: 413 North Galena Ave
  • County: Lee
  • Zip code: 61021

8 Months in the Past, Donte Attempted Finding a High Risk Loan for $26,000.00, and it was Hard

There is an existing struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Donte. Donte chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Borrowers with credit scores as low as 516 can inquire for a high risk loan and possibly can be accepted.

Personal Loan for a casino cage worker named Donte in Dixon, Illinois to Pay Off Navy FCU cashRewards Credit Card

Donte had a tonne of credit card debt on their Farm Bureau Bank World MasterCard and their Citizens Bank Cash Back Plus World MasterCard, and they were starting to get in over their heads. Despite Donte’s job as a casino cage worker, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Conclusion of Donte’s high risk loan

In the end, Donte was able to find a high risk loan for $112000 with an interest rate of 10.0% interest APR from First Federal Savings and Loan Association of Dixon in Dixon, Illinois repayable over 23 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.