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3 Year Mortgage For Rich In Manchester Tennessee

$62000 Mortgage – Manchester Tennessee, Credit Rating Of 353

  • Experian: 370 – They had a terrible Experian score
  • Transunion: 340 – Rich had a terrible credit score with Transunion.
  • Equifax: Rich’s Experian score was 353, which is a terrible credit rating with the Experian system.

Rich’s Transunion score was altered by the mortgage loan, changing to 340 from 353, which is normal in our experience.

Transunion Score: 340

Previous requests on Rich’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$123890.00 3 8.2% $3893.7 Citizens Bank April 3, 2012
$123710.00 9 8.5% $1642.79 SunTrust Bank, Chattanooga, National Association October 1, 2012
$124330.00 7 9.6% $2038.42 GreenBank February 15, 2013
$123550.00 10 5.8% $1359.28 CommunityFIRST Bank June 8, 2013
$124350.00 3 11.5% $4100.57 Bank of Belfast March 17, 2014

Rich has a sad current total income, but has several of prospects

Rich has always wanted to be a plumber, but would have to attend Concordia University Chicago again to achieve it. Rich has other possibilities as well, including mining engineer, parking lot attendant, and writer /author, which pay $53,000 through to $109,000 per year, at least. Because of this, we think that Rich can afford this mortgage of $62000.

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

Most debt consolidation loans vary from $36,000.00 to $45,000.00. They are normally used to pay off existing high interest loans like credit cards. Rich required a debt consolidation loan to pay for their existing mortgage and their credit card. Rich was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.3%.

Personal Loan for a medical appliance technician named Rich in Manchester, Tennessee to Pay Off Chase +1 Student MasterCard

Rich had a tonne of credit card debt on their U.S. Bank College Visa Card and their H-E-B MasterCard, and they were starting to get in over their heads. Despite Rich’s job as a medical appliance technician, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Rich, a graduate of Concordia University Chicago and a medical appliance technician working for over $60,000 per year

Rich, an alumnus at Concordia University Chicago and a medical appliance technician in Manchester, Tennessee needs a mortgage to purchase something frivolous. Rich has instead chosen to obtain an installment loan for $17,000 and is currently seeking lenders like Citizens Bank to process their request.

Signature Loan found in Manchester, Tennessee for $62000 with terrible credit by Rich

A lot of prospective borrowers have difficulty with finding signature loans in Manchester, Tennessee, and Rich is not an exception. Rich went to 6 lending institutions or more prior to finding The First National Bank of Manchester, who offered Rich a signature loan for $62000. Most signature loans simply need a client, like Rich’s signature to get them, up to $43,000 in some cases. Rich was able to get $62000 as a mortgage, which is very high for a mortgage. Because signature loans do not need a cosigner, they generally require better credit, as high as 739

Client Profile: Rich Belton of Manchester, Tennessee
  • Full name (Changed if requested): Rich Belton
  • Current Credit: loans.hit.utils.Fico@64a294a6
  • Current City: Manchester
  • State: Tennessee
  • Zip code: 37361
  • Yearly income: $53,000
  • Current Job: medical appliance technician
  • Current County: Coffee
  • Goal Yearly Income: $148,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Multiple past requests for credit have been made by Rich in the past, including one from The Brentwood Bank, Brentwood, Missouri in Manchester, Tennessee before Rich was accepted for the $62000 by The First National Bank of Manchester

Rich made 4 prior attempts to obtain a mortgage, 2 of which were with The Brentwood Bank, Brentwood, Missouri, a lender in Manchester, Tennessee known to specialize in mortgages specifically. Before finding The First National Bank of Manchester, Rich was desperate due to their inexperience and terrible credit score.

Before applying for this mortgage, Rich had an Experian score of 370, which is terrible, so The First National Bank of Manchester most likely cannot provide Rich a mortgage

Experian Score: 370

Paraphrased and Standardized Quote from Rich for this mortgage of $62000, provided by The First National Bank of Manchester

Hi, I am Rich and my hometown is Manchester in Tennessee. Coffee, county is where I grew up, and now I need a mortgage in Tennessee for $62000 to buy a big ticket item. It wasn’t easy, but The First National Bank of Manchester really came through for me with this loan for 9.1% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to The First National Bank of Manchester for trusting me and my terrible credit. It look me 6 years to build my credit to 353, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

When Rich was 21, they attempted to obtain a student loan from 6 alternate banks, which damaged their credit rating. Below is a chronology of Rich’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on November 4, 2009
  • Attempt 2) Loan for $24,000.00 on September 1, 2011
  • Attempt 3) Loan for $37,000.00 on March 16, 2012
  • Attempt 4) Loan for $21,000.00 on November 18, 2010
  • Attempt 5) Loan for $37,000.00 on June 19, 2009
  • Attempt 6) Loan for $27,000.00 on October 29, 2009

Rich’s Overall FICO score at the time of acceptance for a mortgage, taking into account their medical appliance technician job and their future job as a plumber

Fico Score: 353

Contact Details for The First National Bank of Manchester, the provider of this mortgage

  • The First National Bank of Manchester
  • City: Manchester
  • State: Tennessee
  • Address: 100 West High Street
  • County: Coffee
  • Zip code: 37355

Fast Loans for Rich in Manchester, Tennessee to prevent bankruptcy or harm from debt collectors.

Fast loans in Manchester, Tennessee aren’t actually that difficult to obtain, particularly if you have some finesse like Rich. Rich was able to find a fast loan for $62000 from SunTrust Bank, Chattanooga, National Association and Peoples Bank & Trust Company, but turned down both offers in favor of their mortgage from The First National Bank of Manchester. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better if a borrower is in a time sensitive situation.

Rich was declined by Bank of Frankewing 7 times prior to being approved by The First National Bank of Manchester at 100 West High Street

On September 21, 2010, Rich inquired about borrowing $13,000 from GreenBank with Wendie, their in law from just outside Manchester, and even with the co-signer, Rich was rejected for this mortgage. With terrible credit, it can be a challenge to procure funding, even with collateral and a co-signer.

7 Months Ago, Rich Tried Finding a High Risk Loan for $36,000.00, and it was Hard

It is an existing struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Rich. Rich chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Clients with credit ratings as low as 462 can apply for a high risk loan and have a chance to be approved.

Conclusion of Rich’s mortgage

In the end, Rich was able to find a mortgage for $62000 with an interest rate of 10.6% interest APR from The First National Bank of Manchester in Manchester, Tennessee repayable over 24 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.