$51000 Mortgage – Fayetteville Tennessee, Credit Rating Of 509
- Experian: 523 – This individual had a fair Experian score
- Transunion: 490 – Fiona had a fair credit score with Transunion.
- Equifax: Fiona’s Experian score was 509, which is a fair credit score using the Experian rating scheme.
Personal Loan for a court administrator named Fiona in Fayetteville, Tennessee to Pay Off Los Angeles Dodgers BankAmericard Cash Rewards MasterCard
Fiona had a tonne of credit card debt on their USAA Cash Rewards World MasterCard and their Alaska Airlines Visa Signature Card, and they were starting to get in over their heads. Despite Fiona’s job as a court administrator, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Fiona has a very low current total income, but has a high number of prospects
Fiona has always wanted to be a travel counselor, but would need attend Central Michigan University again to achieve it. Fiona has other prospects as well, including artillery and missile crew member, radio & tv program director, and foreign service officer, which pay $55,000 through to $99,000 per year, on average. Because of this, we think that Fiona can pay for this mortgage of $51000.
Multiple past requests for credit have been made by Fiona in the past, including one from MBank San Felipe, National Association in Fayetteville, Tennessee before Fiona was accepted for the $51000 by Fayetteville First Federal Savings and Loan Association
Fiona made 6 previous tries to obtain a mortgage, 2 of which were with MBank San Felipe, National Association, a bank in Fayetteville, Tennessee known to specialize in mortgages specifically. Prior to finding Fayetteville First Federal Savings and Loan Association, Fiona was very concerned due to their inexperience and fair credit rating.
Previous requests on Fiona’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $36240.00 | 5 | 6.1% | $702.31 | Citizens Bank | August 21, 2011 |
| $36440.00 | 5 | 5.5% | $696.05 | SunTrust Bank, Chattanooga, National Association | October 1, 2011 |
| $36270.00 | 6 | 8.4% | $643.04 | GreenBank | September 23, 2013 |
| $35820.00 | 10 | 7.3% | $421.46 | CommunityFIRST Bank | October 5, 2013 |
| $36450.00 | 4 | 6.7% | $867.78 | Bank of Belfast | July 1, 2014 |
Fiona’s Overall FICO score at the time of acceptance for a mortgage, taking into account their court administrator job and their future career as a travel counselor
Contact Details for Fayetteville First Federal Savings and Loan Association, the provider of this mortgage
- Fayetteville First Federal Savings and Loan Association
- City: Fayetteville
- State: Tennessee
- Address: 307 East College Street
- County: Lincoln
- Zip code: 37334
Fast Loans for Fiona in Fayetteville, Tennessee to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Fayetteville, Tennessee aren’t actually that difficult to obtain, especially if you have some finesse like Fiona. Fiona was able to find a fast loan for $51000 from Citizens Bank and Peoples and Union Bank, but turned down both offers in favor of their mortgage from Fayetteville First Federal Savings and Loan Association. 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 7 weeks for debt consolidation loans. A big difference in the case that a borrower is in a pinch.
Before applying for this mortgage, Fiona had an Experian score of 523, which is fair, so Fayetteville First Federal Savings and Loan Association likely cannot provide Fiona a mortgage
7 Months in the Past, Fiona Tried Finding a High Risk Loan for $33,000.00, and it was Easy
It is an ongoing struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Fiona. Fiona decided not to get a high risk loan this time. High Risk loans are given to very low credit individuals. Individuals with credit scores as low as 565 can inquire for a high risk loan and possibly can be approved.
Fiona’s Transunion score was altered by the mortgage loan, changing to 490 from 509, which is normal in our experience.
Fiona was not approved by First Farmers and Merchants Bank 5 times prior to being accepted by Fayetteville First Federal Savings and Loan Association at 307 East College Street
On September 7, 2009, Fiona applied about borrowing $2,000 from Bank of Belfast with Salley, their friend from just outside Fayetteville, and even with the co-signer, Fiona was rejected for this mortgage. With fair credit, it can be challenging to procure financing, even with collateral and a co-signer.
Signature Loan easily acquired in Fayetteville, Tennessee for $51000 with fair credit by Fiona
A lot of clients struggle with finding signature loans in Fayetteville, Tennessee, and Fiona is no different. Fiona went to 5 lending institutions or more prior to finding Fayetteville First Federal Savings and Loan Association, who offered Fiona a signature loan for $51000. Most signature loans simply need a client, like Fiona’s signature to get them, up to $44,000 in some cases. Fiona was able to get $51000 as a mortgage, which is very high for a mortgage. Since signature loans do not require a cosigner, they tend to require better credit, as high as 775
When Fiona was 21, they attempted to obtain a student loan from 5 different banks, which harmed their credit rating. Below is a chronology of Fiona’s prior attempts at finding a student loan:
- Attempt 1) Loan for $29,000.00 on January 5, 2009
- Attempt 2) Loan for $35,000.00 on December 3, 2009
- Attempt 3) Loan for $34,000.00 on August 10, 2012
- Attempt 4) Loan for $27,000.00 on March 9, 2010
- Attempt 5) Loan for $21,000.00 on January 29, 2014
Installment loan for Fiona, a graduate of Central Michigan University and a court administrator working for over $73,000 per year
Fiona, an alumnus at Central Michigan University and a court administrator in Fayetteville, Tennessee wants a mortgage to purchase something frivolous. Fiona has instead decided to obtain an installment loan for $10,000 and is currently seeking lenders like The Farmers Bank of Lynchburg to process their request.
Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans range from $28,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Fiona needed a debt consolidation loan to pay for their existing mortgage and their credit card. Fiona 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 3.4%.
Paraphrased and Standardized Quote from Fiona for this mortgage of $51000, provided by Fayetteville First Federal Savings and Loan Association
Hi, I am Fiona and I’m from Fayetteville in Tennessee. Lincoln, county is where I grew up, and now I need a mortgage in Tennessee for $51000 to buy a big ticket item. It has been difficult, but Fayetteville First Federal Savings and Loan Association really came through for me with this loan for 5.4% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to Fayetteville First Federal Savings and Loan Association for giving me a chance and my fair credit. It look me 5 years to create my credit to 509, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.
- Full name (Changed if requested): Fiona Thorndyke
- Current Credit: loans.hit.utils.Fico@49c2faae
- Current City: Fayetteville
- State: Tennessee
- Zip code: 37342
- Yearly income: $44,000
- Current Job: court administrator
- Current County: Lincoln
- Goal Yearly Income: $110,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Conclusion of Fiona’s mortgage
In the end, Fiona was able to find a mortgage for $51000 with an interest rate of 5.1% interest APR from Fayetteville First Federal Savings and Loan Association in Fayetteville, Tennessee repayable over 12 years from now.
