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Student Loan For $70000 Near 48034, Michigan With A Credit Score Of 381

$70000 Student Loan – Southfield Michigan, Credit Score Of 381

  • Experian: 400 – They had a terrible Experian score
  • Transunion: 366 – Santina had a terrible credit score with Transunion.
  • Equifax: Santina’s Experian score was 381, which is a terrible credit score with the Experian rating scheme.

Fast Loans for Santina in Southfield, Michigan to prevent bankruptcy or harm from debt collectors.

Fast loans in Southfield, Michigan aren’t actually that difficult to obtain, particularly if you have some finesse like Santina. Santina was able to find a fast loan for $70000 from Old Kent Bank of Hillsdale and New Haven Savings Bank, but turned down both offers in favor of their student loan from Hantz Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement in the case that a borrower is on the go.

Santina’s Overall FICO score at the time of acceptance for a student loan, taking into account their electromechanical equipment assembler job and their future job as a nuclear monitoring technician

Fico Score: 381

Santina has a low current yearly income, but has several of prospects

Santina has always wanted to be a nuclear monitoring technician, but would have to attend Baker College again to achieve it. Santina has other possibilities as well, including systems accountant, computer systems engineer, and tax preparer, which pay $58,000 through to $108,000 per year, on average. Because of this, we think that Santina can afford this student loan of $70000.

Paraphrased and Standardized Quote from Santina for this student loan of $70000, provided by Hantz Bank

Hi, I am Santina and I am from Southfield in Michigan. Oakland, county is where I grew up, and now I need a student loan in Michigan for $70000 to renovate my home. It has been difficult, but Hantz Bank really came through for me with this loan for 11.7% interest APR and a term of 8 years. I can repay the loan over the 8 year term, including interest. A big thanks to Hantz Bank for trusting me and my terrible credit. It look me 4 years to create my credit to 381, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.

Many past requests for credit have been made by Santina in the past, including one from The Farmers and Merchants National Bank of Hatton in Southfield, Michigan before Santina was accepted for the $70000 by Hantz Bank

Santina made 4 previous tries to obtain a student loan, 2 of which were with The Farmers and Merchants National Bank of Hatton, a lender in Southfield, Michigan known to specialize in student loans specifically. Prior to finding Hantz Bank, Santina was very concerned due to their inexperience and terrible credit score.

Santina was not approved by New Haven Savings Bank 7 times prior to being granted funding by Hantz Bank at 26200 American Drive

On October 15, 2009, Santina inquired about borrowing $35,000 from First of America Bank – Manistee with Wesley, their in law from just outside Southfield, and even with the co-signer, Santina was rejected for this student loan. With terrible credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Installment loan for Santina, a graduate of Baker College and an electromechanical equipment assembler working for over $67,000 per year

Santina, an alumnus at Baker College and an electromechanical equipment assembler in Southfield, Michigan wants a student loan to purchase a new cell phone. Santina has instead decided to obtain an installment loan for $12,000 and is at present seeking lenders like First of America Bank – Frankenmuth to provide it.

Signature Loan found in Southfield, Michigan for $70000 with terrible credit by Santina

A lot of borrowers have difficulty with obtaining signature loans in Southfield, Michigan, and Santina is the same. Santina went to 5 lenders or more before settling on Hantz Bank, who offered Santina a signature loan for $70000. Most signature loans simply require a client, like Santina’s signature to obtain them, up to $20,000 in some cases. Santina was able to get $70000 as a student loan, which is very high for a student loan. Because signature loans do not need collateral, they generally need better credit, as high as 761

9 Months Ago, Santina Attempted to Find a High Risk Loan for $32,000.00, and it was Hard

It is an ongoing struggle for borrowers to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Santina. Santina chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit individuals. Clients with credit ratings as low as 591 can inquire for a high risk loan and have a chance to be accepted.

Before applying for this student loan, Santina had an Experian score of 400, which is terrible, so Hantz Bank likely cannot provide Santina a student loan

Experian Score: 400

Client Profile: Santina Bady of Southfield, Michigan
  • Full name (Changed if requested): Santina Bady
  • Current Credit: loans.hit.utils.Fico@34c45dca
  • Current City: Southfield
  • State: Michigan
  • Zip code: 48042
  • Yearly income: $38,000
  • Current Job: electromechanical equipment assembler
  • Current County: Oakland
  • Goal Yearly Income: $114,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Santina’s Transunion score was altered by the student loan loan, changing to 366 from 381, which is typical in our experience.

Transunion Score: 366

Personal Loan for an electromechanical equipment assembler named Santina in Southfield, Michigan to Pay Off Los Angeles Dodgers BankAmericard Cash Rewards MasterCard

Santina had a lot of credit card debt on their First Vineyard Prepaid MasterCard and their Corgi Rescue Visa Card, and they were starting to get in over their heads. Despite Santina’s job as an electromechanical equipment assembler, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Santina was 23, they attempted to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Santina’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on October 22, 2013
  • Attempt 2) Loan for $34,000.00 on September 23, 2010
  • Attempt 3) Loan for $36,000.00 on May 29, 2012
  • Attempt 4) Loan for $31,000.00 on December 17, 2010

Previous requests on Santina’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$30440.00 11 8.7% $359.06 Society Bank, Lenawee October 10, 2010
$29520.00 4 9.2% $737.41 Bank of Lenawee December 22, 2010
$30130.00 7 10.3% $504.88 First of America Bank – Alpena May 13, 2012
$30330.00 8 5.8% $395.63 NBD Ann Arbor, National Association June 6, 2013

Contact Details for Hantz Bank, the provider of this student loan

  • Hantz Bank
  • City: Southfield
  • State: Michigan
  • Address: 26200 American Drive
  • County: Oakland
  • Zip code: 48034

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $31,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Santina required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Santina was able to find a student loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.5%.

Conclusion of Santina’s student loan

In the end, Santina was able to find a student loan for $70000 with an interest rate of 5.0% interest APR from Hantz Bank in Southfield, Michigan repayable over 8 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.