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$66000 Private Loan With Bad Credit In Piqua Ohio

$66000 Private Loan – Piqua Ohio, Credit Score Of 429

  • Experian: 439 – This individual had a bad Experian score
  • Transunion: 412 – Micheal had a bad credit rating with Transunion.
  • Equifax: Micheal’s Experian score was 429, which is a bad credit rating using the Experian scale.

Contact Details for Heritage National Bank and Trust Company, the provider of this private loan

  • Heritage National Bank and Trust Company
  • City: Piqua
  • State: Ohio
  • Address: 123 Market Street
  • County: Miami
  • Zip code: 45356
Client Profile: Micheal Mcritchie of Piqua, Ohio
  • Full name (Changed if requested): Micheal Mcritchie
  • Current Credit: loans.hit.utils.Fico@1ddc4ec2
  • Current City: Piqua
  • State: Ohio
  • Zip code: 45361
  • Yearly income: $57,000
  • Current Job: purchasing agent
  • Current County: Miami
  • Goal Yearly Income: $81,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

When Micheal was 20, they attempted to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a chronology of Micheal’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on December 30, 2010
  • Attempt 2) Loan for $34,000.00 on July 3, 2009
  • Attempt 3) Loan for $35,000.00 on September 28, 2009
  • Attempt 4) Loan for $38,000.00 on January 7, 2010
  • Attempt 5) Loan for $23,000.00 on October 21, 2009
  • Attempt 6) Loan for $36,000.00 on November 23, 2009
  • Attempt 7) Loan for $28,000.00 on November 30, 2010

9 Months in the Past, Micheal Attempted to Find a High Risk Loan for $30,000.00, and it was Easy

It is an well known struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Micheal. Micheal decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit individuals. Individuals with credit ratings as low as 522 can apply for a high risk loan and possibly can be accepted.

Micheal’s Overall FICO score at the time of acceptance for a private loan, taking into account their purchasing agent job and their future job as an overhead door installer

Fico Score: 429

Several previous requests for credit have been made by Micheal in the past, including one from Sallie Mae Bank in Piqua, Ohio before Micheal was accepted for the $66000 by Heritage National Bank and Trust Company

Micheal made 4 prior attempts to obtain a private loan, 2 of which were with Sallie Mae Bank, a bank in Piqua, Ohio known to specialize in private loans specifically. Prior to finding Heritage National Bank and Trust Company, Micheal was concerned due to their inexperience and bad credit score.

Micheal was rejected by The Home Banking Company 7 times prior to being accepted by Heritage National Bank and Trust Company at 123 Market Street

On February 13, 2012, Micheal applied about borrowing $32,000 from The Provident Bank with Millard, their in law from just outside Piqua, and even with the co-signer, Micheal was rejected for this private loan. With bad credit, it can be challenging to procure funding, even with collateral and a co-signer.

Installment loan for Micheal, a graduate of The University of Texas – Pan American and a purchasing agent working for over $67,000 per year

Micheal, an alumnus at The University of Texas – Pan American and a purchasing agent in Piqua, Ohio wants a private loan to purchase a house. Micheal has instead decided to obtain an installment loan for $16,000 and is at present seeking lenders like Minster Bank to process their request.

Micheal’s Transunion score was changed by the private loan loan, changing to 412 from 429, which is typical in our experience.

Transunion Score: 412

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $35,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Micheal needed a debt consolidation loan to pay for their existing private loan and their payday loan. Micheal was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.0%.

Previous requests on Micheal’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$44300.00 8 6.3% $588.66 The Vinton Banking Company March 30, 2009
$43870.00 5 10.2% $936.43 The Ohio Valley Bank Company December 2, 2009
$44170.00 10 10.3% $591.07 The Citizens Bank December 21, 2013
$43660.00 6 9.5% $797.87 The Peoples Bank December 15, 2014
$44190.00 9 9.6% $612.61 The Freeport State Bank March 29, 2015

Personal Loan for a purchasing agent named Micheal in Piqua, Ohio to Pay Off Dollar Bank City Pride Visa

Micheal had a lot of credit card debt on their Diners Club Carte Blanche Card and their LANPASS Visa Signature Card, and they were starting to get in over their heads. Despite Micheal’s job as a purchasing agent, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this private loan, Micheal had an Experian score of 439, which is bad, so Heritage National Bank and Trust Company most likely cannot provide Micheal a private loan

Experian Score: 439

Micheal has a sad current gross income, but has a high number of prospects

Micheal has always wanted to be an overhead door installer, but would need attend The University of Texas – Pan American again to become one. Micheal has other prospects as well, including administrative service manager, harbor, and orthodontist, which pay $56,000 through to $90,000 per year, at least. Because of this, we believe that Micheal can afford this private loan of $66000.

Signature Loan acquired in Piqua, Ohio for $66000 with bad credit by Micheal

Most borrowers struggle with obtaining signature loans in Piqua, Ohio, and Micheal is the same. Micheal went to 8 lending institutions or more prior to finding Heritage National Bank and Trust Company, who offered Micheal a signature loan for $66000. Typical signature loans simply require a client, like Micheal’s signature to obtain them, up to $20,000 in some cases. Micheal was able to get $66000 as a private loan, which is very high for a private loan. Because signature loans do not need collateral, they generally require improved credit, as high as 787

Fast Loans for Micheal in Piqua, Ohio to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Piqua, Ohio aren’t actually that difficult to obtain, especially if you have some finesse like Micheal. Micheal was able to find a fast loan for $66000 from The Commercial and Savings Bank Company and The Vinton Banking Company, but turned down both offers in favor of their private loan from Heritage National Bank and Trust Company. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference in the case that a client is on the go.

Paraphrased and Standardized Quote from Micheal for this private loan of $66000, provided by Heritage National Bank and Trust Company

Hi, I am Micheal and I am from Piqua in Ohio. Miami, county is where I grew up, and now I need a private loan in Ohio for $66000 to renovate my home. It has been difficult, but Heritage National Bank and Trust Company really came through for me with this loan for 5.4% interest APR and a term of 10 years. I can probably repay the loan over the 10 year term, including interest. A big thanks to Heritage National Bank and Trust Company for giving me a chance and my bad credit. It look me 4 years to create my credit to 429, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

Conclusion of Micheal’s private loan

In the end, Micheal was able to find a private loan for $66000 with an interest rate of 11.5% interest APR from Heritage National Bank and Trust Company in Piqua, Ohio repayable over 10 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.