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4 Month, Variable Interest No Collateral Loan For Phil In Oklahoma

$15000 No Collateral Loan – Okarche Oklahoma, Credit Score Of 687

  • Experian: 701 – This individual had a good Experian rating
  • Transunion: 672 – Phil had a good credit score with Transunion.
  • Equifax: Phil’s Experian score was 687, which is a good credit rating on the Experian rating scheme.

Installment loan for Phil, a graduate of Chattanooga College – Med. & Dental Tech Careers and a marine engineer working for over $67,000 per year

Phil, an alumnus at Chattanooga College – Med. & Dental Tech Careers and a marine engineer in Okarche, Oklahoma needs a no collateral loan to purchase something frivolous. Phil has instead chosen to get an installment loan for $2,000 and is currently seeking lenders like The First State Bank to provide it.

Paraphrased and Standardized Quote from Phil for this no collateral loan of $15000, provided by The First Bank of Okarche

Hello, I am Phil and I’m from Okarche in Oklahoma. Canadian, county is where I grew up, and now I need a no collateral loan in Oklahoma for $15000 to pay bills. It has been difficult, but The First Bank of Okarche really came through for me with this loan for 11.5% interest APR and a term of 4 years. I can repay the loan over the 4 year term, including interest. A big thanks to The First Bank of Okarche for giving me a chance and my good credit. It look me 9 years to build my credit to 687, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Phil’s Transunion score was changed by the no collateral loan loan, changing to 672 from 687, which is typical in our experience.

Transunion Score: 672

6 Months in the Past, Phil Tried Finding a High Risk Loan for $47,000.00, and it was Easy

There is an well known struggle for borrowers to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Phil. Phil chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Individuals with credit ratings as low as 448 can apply for a high risk loan and may be be accepted.

Many other requests for credit have been made by Phil in the past, including one from The State Bank of La Vernia in Okarche, Oklahoma before Phil was approved for the $15000 by The First Bank of Okarche

Phil made 5 previous tries to obtain a no collateral loan, 2 of which were with The State Bank of La Vernia, a bank in Okarche, Oklahoma known to specialize in no collateral loans specifically. Prior to finding The First Bank of Okarche, Phil was desperate due to their inexperience and good credit rating.

Fast Loans for Phil in Okarche, Oklahoma to prevent bankruptcy or harm from debt collectors.

Fast loans in Okarche, Oklahoma aren’t actually that difficult to obtain, particularly if you have some gumption like Phil. Phil was able to find a fast loan for $15000 from The First State Bank and The Morris State Bank, but declined both offers in favor of their no collateral loan from The First Bank of Okarche. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big difference if a borrower is in a pinch.

Phil was not approved by Bank of Healdton 4 times prior to being granted funding by The First Bank of Okarche at 202 Oklahoma Avenue

On September 8, 2011, Phil applied about borrowing $46,000 from The Morris State Bank with Neva, their friend from just outside Okarche, and even with the co-signer, Phil was rejected for this no collateral loan. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.

Previous requests on Phil’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$101180.00 7 9.2% $1638.18 The First State Bank January 6, 2009
$101200.00 10 6.8% $1164.61 Security Bank and Trust Company August 23, 2009
$100650.00 7 9.2% $1629.6 The First State Bank, Willow, Okla. October 8, 2013
$100840.00 8 9.7% $1514.2 Sooner State Bank December 23, 2013
$100560.00 11 9.3% $1219.5 The Farmers State Bank May 3, 2015

Phil has a very low current total income, but has several of prospects

Phil has always wanted to be a speech pathologist, but would have to attend Chattanooga College – Med. & Dental Tech Careers again to become one. Phil has other prospects as well, including substance abuse counselor, radio & tv program director, and financial aid counselor, which pay $53,000 through to $96,000 per year, on average. Because of this, we think that Phil can pay for this no collateral loan of $15000.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $37,000.00 to $48,000.00. They are typically used to pay off existing high interest loans like credit cards. Phil needed a debt consolidation loan to pay for their existing no collateral loan and their loan shark loan. Phil was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.3%.

Client Profile: Phil Horsley of Okarche, Oklahoma
  • Full name (Changed if requested): Phil Horsley
  • Current Credit: loans.hit.utils.Fico@6f75e721
  • Current City: Okarche
  • State: Oklahoma
  • Zip code: 73767
  • Yearly income: $64,000
  • Current Job: marine engineer
  • Current County: Canadian
  • Goal Yearly Income: $123,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Signature Loan found in Okarche, Oklahoma for $15000 with good credit by Phil

A lot of clients struggle with finding signature loans in Okarche, Oklahoma, and Phil is the same. Phil went to 4 lenders or more before finding The First Bank of Okarche, who offered Phil a signature loan for $15000. Most signature loans simply need a client, like Phil’s signature to get them, up to $41,000 in some cases. Phil was able to get $15000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans do not require a cosigner, these loans generally need improved credit, as high as 767

When Phil was 22, they attempted to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a chronology of Phil’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on January 5, 2009
  • Attempt 2) Loan for $24,000.00 on August 4, 2013
  • Attempt 3) Loan for $32,000.00 on September 21, 2009
  • Attempt 4) Loan for $29,000.00 on March 29, 2011

Before applying for this no collateral loan, Phil had an Experian score of 701, which is good, so The First Bank of Okarche most likely cannot provide Phil a no collateral loan

Experian Score: 701

Personal Loan for a marine engineer named Phil in Okarche, Oklahoma to Pay Off The Bank Visa Co-Signer Card

Phil had a lot of credit card debt on their BankAmericard Basic Visa Card and their Nordstrom Mod Credit Card, and they were starting to get in over their heads. Despite Phil’s job as a marine engineer, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Phil’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their marine engineer job and their future job as a speech pathologist

Fico Score: 687

Contact Details for The First Bank of Okarche, the provider of this no collateral loan

  • The First Bank of Okarche
  • City: Okarche
  • State: Oklahoma
  • Address: 202 Oklahoma Avenue
  • County: Canadian
  • Zip code: 73762

Conclusion of Phil’s no collateral loan

In the end, Phil was able to find a no collateral loan for $15000 with an interest rate of 5.5% interest APR from The First Bank of Okarche in Okarche, Oklahoma repayable over 4 years from now.

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.