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Home Loan Of $4000 For Excellent Credit Wisconsin Resident

$4000 Home Loan – Racine Wisconsin, Credit Score Of 763

  • Experian: 782 – The client had an excellent Experian rating
  • Transunion: 747 – Shameka had an excellent credit rating with Transunion.
  • Equifax: Shameka’s Experian score was 763, which is an excellent credit rating using the Experian scale.

Signature Loan acquired in Racine, Wisconsin for $4000 with excellent credit by Shameka

Most prospective borrowers have difficulty with obtaining signature loans in Racine, Wisconsin, and Shameka is not an exception. Shameka went to 8 lending institutions or more prior to finding Pioneer Savings Bank, Savings Association, who offered Shameka a signature loan for $4000. Typical signature loans simply require a client, like Shameka’s signature to get them, up to $48,000 in some cases. Shameka was able to get $4000 as a home loan, which is very high for a home loan. Since signature loans do not need a cosigner, they tend to need improved credit, as high as 779

Contact Details for Pioneer Savings Bank, Savings Association, the provider of this home loan

  • Pioneer Savings Bank, Savings Association
  • City: Racine
  • State: Wisconsin
  • Address: 6115 Washington Avenue
  • County: Racine
  • Zip code: 53406

7 Months Ago, Shameka Attempted Finding a High Risk Loan for $41,000.00, and it was Hard

There is an ongoing struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Shameka. Shameka chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit applicants. Clients with credit scores as low as 518 can inquire for a high risk loan and possibly can be accepted.

When Shameka was 21, they tried to obtain a student loan from 6 alternate banks, which harmed their credit score. Below is a chronology of Shameka’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on July 21, 2009
  • Attempt 2) Loan for $38,000.00 on July 7, 2011
  • Attempt 3) Loan for $30,000.00 on April 30, 2012
  • Attempt 4) Loan for $28,000.00 on October 17, 2011
  • Attempt 5) Loan for $27,000.00 on February 5, 2011
  • Attempt 6) Loan for $34,000.00 on July 1, 2009

Shameka has a very low current gross income, but has a large amount of prospects

Shameka has always wanted to be a bulldozer / grader operator, but would need attend West Valley Occupational Center again to achieve it. Shameka has other prospects as well, including missionary worker, hydraulic engineer, and painters, which pay $56,000 through to $104,000 per year, on average. For this reason, we think that Shameka can pay for this home loan of $4000.

Installment loan for Shameka, a graduate of West Valley Occupational Center and a cook working for over $60,000 per year

Shameka, an alumnus at West Valley Occupational Center and a cook in Racine, Wisconsin wants a home loan to purchase something frivolous. Shameka has instead chosen to obtain an installment loan for $19,000 and is currently seeking lenders like Markesan State Bank to provide it.

Previous requests on Shameka’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$20350.00 9 5.7% $241.31 M&I Bank of Burlington January 2, 2010
$20350.00 9 5.6% $240.31 M&I Marshall and Ilsley Bank April 24, 2013
$20420.00 9 10.8% $296.41 Continental Bank & Trust Co. April 28, 2014
$20410.00 8 10.6% $316.22 Clare Bank, National Association May 30, 2015
$19880.00 11 5.4% $200.07 Norwest Bank Wisconsin East Central June 30, 2015

Shameka’s Transunion score was altered by the home loan loan, changing to 747 from 763, which is normal in our experience.

Transunion Score: 747

Shameka’s Overall FICO score at the time of acceptance for a home loan, taking into account their cook job and their future job as a bulldozer / grader operator

Fico Score: 763

Paraphrased and Standardized Quote from Shameka for this home loan of $4000, provided by Pioneer Savings Bank, Savings Association

Hi, I am Shameka and I am from Racine in Wisconsin. Racine, county is where I grew up, and now I need a home loan in Wisconsin for $4000 to pay bills. It wasn’t easy, but Pioneer Savings Bank, Savings Association really came through for me with this loan for 10.7% interest APR and a term of 12 years. I will repay the loan over the 12 year term, including interest. A big thanks to Pioneer Savings Bank, Savings Association for giving me a chance and my excellent credit. It look me 6 years to create my credit to 763, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Shameka was declined by Burlington Marine Bank 7 times before being accepted by Pioneer Savings Bank, Savings Association at 6115 Washington Avenue

On September 6, 2011, Shameka inquired about borrowing $38,000 from South Milwaukee Marine Bank with Kareen, their friend from just outside Racine, and even with the co-signer, Shameka was rejected for this home loan. With excellent credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Client Profile: Shameka Beckum of Racine, Wisconsin
  • Full name (Changed if requested): Shameka Beckum
  • Current Credit: loans.hit.utils.Fico@5197848c
  • Current City: Racine
  • State: Wisconsin
  • Zip code: 53414
  • Yearly income: $52,000
  • Current Job: cook
  • Current County: Racine
  • Goal Yearly Income: $92,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $34,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Shameka needed a debt consolidation loan to pay for their existing home loan and their credit card. Shameka was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.0%.

Before applying for this home loan, Shameka had an Experian score of 782, which is excellent, so Pioneer Savings Bank, Savings Association most likely cannot provide Shameka a home loan

Experian Score: 782

Fast Loans for Shameka in Racine, Wisconsin to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Racine, Wisconsin aren’t actually that difficult to obtain, especially if you have some gumption like Shameka. Shameka was able to find a fast loan for $4000 from M&I Bay View State Bank and M&I Bank of Burlington, but declined both offers in favor of their home loan from Pioneer Savings Bank, Savings Association. 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 debt consolidation loans. A big difference in the case that you are in a time sensitive situation.

Personal Loan for a cook named Shameka in Racine, Wisconsin to Pay Off American Eagle Outfitters Visa Credit Card

Shameka had a tonne of credit card debt on their CFCU Credit Union Visa Chadwicks Fashion Points Visa Card and their Radio Shack Credit Card, and they were starting to get in over their heads. Despite Shameka’s job as a cook, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Several past requests for credit have been made by Shameka in the past, including one from Valley Northern Bank in Racine, Wisconsin before Shameka was approved for the $4000 by Pioneer Savings Bank, Savings Association

Shameka made 5 previous tries to obtain a home loan, 2 of which were with Valley Northern Bank, a lender in Racine, Wisconsin known to specialize in home loans specifically. Before finding Pioneer Savings Bank, Savings Association, Shameka was desperate due to their inexperience and excellent credit score.

Conclusion of Shameka’s home loan

In the end, Shameka was able to find a home loan for $4000 with an interest rate of 7.8% interest APR from Pioneer Savings Bank, Savings Association in Racine, Wisconsin repayable over 12 years from today.

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.