$50000 Personal Loan – Osceola Arkansas, Credit Score Of 510
- Experian: 527 – This individual had a fair Experian rating
- Transunion: 491 – Octavio had a fair credit score with Transunion.
- Equifax: Octavio’s Experian score was 510, which is a fair credit rating on the Experian system.
Octavio’s Transunion score was changed by the personal loan loan, changing to 491 from 510, which is normal in our experience.
Fast Loans for Octavio in Osceola, Arkansas to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Osceola, Arkansas aren’t actually that difficult to obtain, particularly if you have some finesse like Octavio. Octavio was able to find a fast loan for $50000 from Delta Trust & Bank and Bank of the Ozarks, but turned down both offers in favor of their personal loan from First National Bank in Osceola. The improvement 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 improvement if you are in a time sensitive situation.
Contact Details for First National Bank in Osceola, the provider of this personal loan
- First National Bank in Osceola
- City: Osceola
- State: Arkansas
- Address: 303 West Hale Street
- County: Mississippi
- Zip code: 72370
Before applying for this personal loan, Octavio had an Experian score of 527, which is fair, so First National Bank in Osceola most likely cannot provide Octavio a personal loan
Signature Loan easily acquired in Osceola, Arkansas for $50000 with fair credit by Octavio
A lot of clients have difficulty with finding signature loans in Osceola, Arkansas, and Octavio is no exception. Octavio went to 4 lenders or more prior to settling on First National Bank in Osceola, who offered Octavio a signature loan for $50000. Typical signature loans simply need a client, like Octavio’s signature to get them, up to $21,000 in some cases. Octavio was able to get $50000 as a personal loan, which is very high for a personal loan. Since signature loans don’t require collateral, these loans generally require higher credit, as high as 798
Paraphrased and Standardized Quote from Octavio for this personal loan of $50000, provided by First National Bank in Osceola
Hi, I am Octavio and my hometown is Osceola in Arkansas. Mississippi, county is where I grew up, and now I need a personal loan in Arkansas for $50000 to buy a car. It has been difficult, but First National Bank in Osceola really came through for me with this loan for 11.4% interest APR and a term of 18 years. I can repay the loan over the 18 year term, including interest. A big thanks to First National Bank in Osceola for trusting me and my fair credit. It look me 6 years to create my credit to 510, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.
Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans vary from $32,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Octavio needed a debt consolidation loan to pay for their existing personal loan and their loan shark loan. Octavio was able to find a personal loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.2%.
Previous requests on Octavio’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$118640.00||5||11.1%||$2585.44||Bank of Weiner||January 12, 2011|
|$118590.00||10||9.2%||$1515.11||Horizon Bank||June 15, 2011|
|$119420.00||6||9.7%||$2194.33||Warren Bank and Trust Company||April 7, 2012|
|$119130.00||3||8.2%||$3744.1||Boatmen’s Bank of Northeast Arkansas||March 25, 2013|
|$119260.00||10||6.7%||$1366.34||The Security Bank||June 19, 2013|
7 Months in the Past, Octavio Tried Finding a High Risk Loan for $44,000.00, and it was Easy
It is an well known struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Octavio. Octavio chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Individuals with credit ratings as low as 496 can apply for a high risk loan and have a chance to be accepted.
Multiple previous requests for credit have been made by Octavio in the past, including one from Bancplus Savings Association in Osceola, Arkansas before Octavio was accepted for the $50000 by First National Bank in Osceola
Octavio made 6 previous attempts to obtain a personal loan, 2 of which were with Bancplus Savings Association, a lender in Osceola, Arkansas known to specialize in personal loans specifically. Before finding First National Bank in Osceola, Octavio was concerned due to their inexperience and fair credit score.
Installment loan for Octavio, a graduate of Viterbo University and a graduate teaching assistant working for over $72,000 per year
Octavio, an alumnus at Viterbo University and a graduate teaching assistant in Osceola, Arkansas needs a personal loan to purchase something frivolous. Octavio has instead decided to get an installment loan for $5,000 and is currently seeking lenders like River Valley Bank and Trust to provide it.
Octavio has a very low current yearly income, but has a large amount of prospects
Octavio has always wanted to be an adjustment clerk, but would have to attend Viterbo University again to become one. Octavio has other possibilities as well, including veterinary assistant, numerical tool programmer, and geography professor, which pay $53,000 through to $99,000 per year, on average. Because of this, we think that Octavio can afford this personal loan of $50000.
When Octavio was 19, they attempted to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Octavio’s prior attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on April 23, 2011
- Attempt 2) Loan for $26,000.00 on April 19, 2009
- Attempt 3) Loan for $30,000.00 on March 28, 2009
- Attempt 4) Loan for $25,000.00 on September 21, 2013
Octavio was rejected by Citizens First Bank 6 times prior to being accepted by First National Bank in Osceola at 303 West Hale Street
On April 10, 2010, Octavio applied about borrowing $45,000 from Arkansas Bank and Trust Company with Shila, their friend from just outside Osceola, and even with the co-signer, Octavio was rejected for this personal loan. With fair credit, it can be a challenge to obtain funding, even with collateral and a co-signer.
Octavio’s Overall FICO score at the time of acceptance for a personal loan, taking into account their graduate teaching assistant job and their future job as an adjustment clerk
- Full name (Changed if requested): Octavio Becklin
- Current Credit: loans.hit.utils.Fico@5ce65a89
- Current City: Osceola
- State: Arkansas
- Zip code: 72371
- Yearly income: $42,000
- Current Job: graduate teaching assistant
- Current County: Mississippi
- Goal Yearly Income: $100,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Personal Loan for a graduate teaching assistant named Octavio in Osceola, Arkansas to Pay Off KJAZZ Visa Card
Octavio had a lot of credit card debt on their Justice Credit Card and their Lane Bryant Credit Card, and they were starting to get in over their heads. Despite Octavio’s job as a graduate teaching assistant, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Conclusion of Octavio’s personal loan
In the end, Octavio was able to find a personal loan for $50000 with an interest rate of 9.8% interest APR from First National Bank in Osceola in Osceola, Arkansas repayable over 18 years from now.