$68000 Unsecured Loan – Battle Creek Michigan, Credit Rating Of 606
- Experian: 620 – The client had a good Experian rating
- Transunion: 589 – Lessie had a good credit score with Transunion.
- Equifax: Lessie’s Experian score was 606, which is a good credit score on the Experian system.
Personal Loan for a pbx installer and repairer named Lessie in Battle Creek, Michigan to Pay Off Bethpage FCU MasterCard Platinum Cash Rewards Credit Card
Lessie had a tonne of credit card debt on their PNC Bank points Visa Business Credit Card and their Plum Card, and they were starting to get in over their heads. Despite Lessie’s job as a pbx installer and repairer, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
7 Months in the Past, Lessie Tried Finding a High Risk Loan for $33,000.00, and it was Hard
There is an existing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Lessie. Lessie decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Clients with credit ratings as low as 452 can inquire for a high risk loan and possibly can be accepted.
Fast Loans for Lessie in Battle Creek, Michigan to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Battle Creek, Michigan aren’t actually that difficult to obtain, particularly if you have some finesse like Lessie. Lessie was able to find a fast loan for $68000 from First of America Bank – Manistee and Mason State Bank, but turned down both offers in favor of their unsecured loan from Comerica Bank – Battle Creek. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. An improvement in the case that a borrower is in a pinch.
Contact Details for Comerica Bank – Battle Creek, the provider of this unsecured loan
- Comerica Bank – Battle Creek
- City: Battle Creek
- State: Michigan
- Address: 25 West Michigan Avenue
- County: Calhoun
- Zip code: 49016
Lessie’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their pbx installer and repairer job and their future job as a glass blower
Signature Loan easily acquired in Battle Creek, Michigan for $68000 with good credit by Lessie
A lot of clients struggle with obtaining signature loans in Battle Creek, Michigan, and Lessie is the same. Lessie went to 7 lenders or more before settling on Comerica Bank – Battle Creek, who offered Lessie a signature loan for $68000. Typical signature loans simply need a client, like Lessie’s signature to get them, up to $39,000 in some cases. Lessie was able to get $68000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not need collateral, they tend to need higher credit, as high as 713
Several other requests for credit have been made by Lessie in the past, including one from National Bank of Wichita in Battle Creek, Michigan before Lessie was accepted for the $68000 by Comerica Bank – Battle Creek
Lessie made 4 previous attempts to obtain an unsecured loan, 2 of which were with National Bank of Wichita, a lender in Battle Creek, Michigan known to specialize in unsecured loans specifically. Before finding Comerica Bank – Battle Creek, Lessie was desperate due to their inexperience and good credit rating.
Lessie’s Transunion score was changed by the unsecured loan loan, changing to 589 from 606, which is typical in our experience.
When Lessie was 21, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a chronology of Lessie’s previous attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on November 26, 2008
- Attempt 2) Loan for $38,000.00 on July 28, 2012
- Attempt 3) Loan for $30,000.00 on November 8, 2008
- Attempt 4) Loan for $35,000.00 on July 8, 2011
- Attempt 5) Loan for $28,000.00 on July 9, 2010
- Attempt 6) Loan for $34,000.00 on March 14, 2011
- Attempt 7) Loan for $33,000.00 on January 13, 2009
Lessie was rejected by OSB Community Bank 6 times prior to being granted funding by Comerica Bank – Battle Creek at 25 West Michigan Avenue
On June 4, 2011, Lessie applied about borrowing $19,000 from NBD Genesee Bank with Hana, their in law from just outside Battle Creek, and even with the co-signer, Lessie was rejected for this unsecured loan. With good credit, it can be very hard to procure financing, even with collateral and a co-signer.
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans vary from $33,000.00 to $50,000.00. They are typically used to pay off existing high interest loans like credit cards. Lessie required a debt consolidation loan to pay for their existing unsecured loan and their credit card. Lessie was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.8%.
Previous requests on Lessie’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$145150.00||3||8.7%||$4595.49||Society Bank, Lenawee||December 18, 2008|
|$145170.00||5||9.7%||$3063.05||Bank of Lenawee||March 26, 2012|
|$144580.00||5||7.5%||$2897.09||First of America Bank – Alpena||October 3, 2013|
|$144550.00||8||7.3%||$1992.4||NBD Ann Arbor, National Association||November 3, 2013|
|$145250.00||6||6.5%||$2441.64||First of America Bank – Mid Michigan, National Association||February 17, 2014|
- Full name (Changed if requested): Lessie Cohill
- Current Credit: loans.hit.utils.Fico@45fe3ee3
- Current City: Battle Creek
- State: Michigan
- Zip code: 49021
- Yearly income: $47,000
- Current Job: pbx installer and repairer
- Current County: Calhoun
- Goal Yearly Income: $125,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
Installment loan for Lessie, a graduate of University of South Carolina – Columbia and a pbx installer and repairer working for over $68,000 per year
Lessie, an alumnus at University of South Carolina – Columbia and a pbx installer and repairer in Battle Creek, Michigan needs an unsecured loan to purchase a house. Lessie has instead decided to get an installment loan for $2,000 and is currently seeking lenders like Union Savings Bank of Manchester to provide it.
Lessie has a disappointing current yearly income, but has a high number of prospects
Lessie has always wanted to be a glass blower, but would have to attend University of South Carolina – Columbia again to become one. Lessie has other possibilities as well, including respiratory therapist, cook, and fire protection engineer, which pay $50,000 through to $101,000 per year, on average. For this reason, we believe that Lessie can pay for this unsecured loan of $68000.
Paraphrased and Standardized Quote from Lessie for this unsecured loan of $68000, provided by Comerica Bank – Battle Creek
Hi, I am Lessie and I am from Battle Creek in Michigan. Calhoun, county is where I grew up, and now I need a unsecured loan in Michigan for $68000 to buy a car. It has been difficult, but Comerica Bank – Battle Creek really came through for me with this loan for 11.7% interest APR and a term of 6 years. I can repay the loan over the 6 year term, including interest. A big thanks to Comerica Bank – Battle Creek for trusting me and my good credit. It look me 9 years to create my credit to 606, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.
Before applying for this unsecured loan, Lessie had an Experian score of 620, which is good, so Comerica Bank – Battle Creek probably cannot provide Lessie an unsecured loan
Conclusion of Lessie’s unsecured loan
In the end, Lessie was able to find an unsecured loan for $68000 with an interest rate of 9.5% interest APR from Comerica Bank – Battle Creek in Battle Creek, Michigan repayable over 6 years from now.