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Low Rate Student Loan For Bert In West Burlington, Iowa

$12000 Student Loan – West Burlington Iowa, Credit Rating Of 626

  • Experian: 638 – The client had a good Experian score
  • Transunion: 608 – Bert had a good credit rating with Transunion.
  • Equifax: Bert’s Experian score was 626, which is a good credit score on the Experian rating scheme.

Installment loan for Bert, a graduate of College of Saint Mary and an insurance estate planner working for over $72,000 per year

Bert, an alumnus at College of Saint Mary and an insurance estate planner in West Burlington, Iowa needs a student loan to purchase a house. Bert has instead chosen to obtain an installment loan for $12,000 and is at present seeking lenders like Pocahontas State Bank to provide it.

6 Months in the Past, Bert Tried to Find a High Risk Loan for $27,000.00, and it was Hard

There is an ongoing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Bert. Bert decided not to get a high risk loan this time. High Risk loans are given to very low credit applicants. Clients with credit ratings as low as 495 can inquire for a high risk loan and have a chance to be accepted.

Client Profile: Bert Derring of West Burlington, Iowa
  • Full name (Changed if requested): Bert Derring
  • Current Credit: loans.hit.utils.Fico@50134894
  • Current City: West Burlington
  • State: Iowa
  • Zip code: 52657
  • Yearly income: $55,000
  • Current Job: insurance estate planner
  • Current County: Des Moines
  • Goal Yearly Income: $149,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $34,000.00 to $59,000.00. They are typically used to pay off existing high interest loans like credit cards. Bert required a debt consolidation loan to pay for their existing student loan and their payday loan. Bert was able to find a student loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.3%.

Signature Loan acquired in West Burlington, Iowa for $12000 with good credit by Bert

A lot of clients have difficulty with obtaining signature loans in West Burlington, Iowa, and Bert is no exception. Bert went to 4 lending institutions or more prior to settling on West Burlington Bank, who offered Bert a signature loan for $12000. Most signature loans simply require a client, like Bert’s signature to obtain them, up to $43,000 in some cases. Bert was able to get $12000 as a student loan, which is very high for a student loan. Since signature loans don’t require a cosigner, these loans generally require improved credit, as high as 794

Paraphrased and Standardized Quote from Bert for this student loan of $12000, provided by West Burlington Bank

Hello, I am Bert and I’m from West Burlington in Iowa. Des Moines, county is where I grew up, and now I need a student loan in Iowa for $12000 to buy a car. It has been difficult, but West Burlington Bank really came through for me with this loan for 10.2% interest APR and a term of 5 years. I can probably repay the loan over the 5 year term, including interest. A big thanks to West Burlington Bank for giving me a chance and my good credit. It look me 8 years to build my credit to 626, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Fast Loans for Bert in West Burlington, Iowa to prevent bankruptcy or broken legs from debt collectors.

Fast loans in West Burlington, Iowa aren’t actually that difficult to obtain, especially if you have some finesse like Bert. Bert was able to find a fast loan for $12000 from American Interstate Bank and Peoples Bank and Trust Company, but declined both offers in favor of their student loan from West Burlington Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement in the case that you are in a pinch.

Personal Loan for an insurance estate planner named Bert in West Burlington, Iowa to Pay Off Eddie Bauer Credit Card

Bert had a tonne of credit card debt on their Fred Meyer Rewards Visa Card and their Facecard Prepaid Teen MasterCard, and they were starting to get in over their heads. Despite Bert’s job as an insurance estate planner, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Bert’s Overall FICO score at the time of acceptance for a student loan, taking into account their insurance estate planner job and their future job as a set designer

Fico Score: 626

Before applying for this student loan, Bert had an Experian score of 638, which is good, so West Burlington Bank likely cannot provide Bert a student loan

Experian Score: 638

Many previous requests for credit have been made by Bert in the past, including one from Bank of McCrory in West Burlington, Iowa before Bert was accepted for the $12000 by West Burlington Bank

Bert made 4 previous attempts to obtain a student loan, 2 of which were with Bank of McCrory, a lender in West Burlington, Iowa known to specialize in student loans specifically. Before finding West Burlington Bank, Bert was concerned due to their inexperience and good credit rating.

Bert was declined by Buffalo Savings Bank 6 times before being accepted by West Burlington Bank at 101 Broadway Street

On September 7, 2011, Bert inquired about borrowing $14,000 from The First Trust & Savings Bank with Tonya, their in law from just outside West Burlington, and even with the co-signer, Bert was rejected for this student loan. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.

Bert’s Transunion score was altered by the student loan loan, changing to 608 from 626, which is normal in our experience.

Transunion Score: 608

Bert has a disappointing current gross income, but has a high number of prospects

Bert has always wanted to be a set designer, but would need attend College of Saint Mary again to become one. Bert has other prospects as well, including building inspector, occupational therapist, and artillery and missile officer, which pay $52,000 through to $91,000 per year, at least. For this reason, we believe that Bert can pay for this student loan of $12000.

Contact Details for West Burlington Bank, the provider of this student loan

  • West Burlington Bank
  • City: West Burlington
  • State: Iowa
  • Address: 101 Broadway Street
  • County: Des Moines
  • Zip code: 52655

Previous requests on Bert’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$54430.00 7 6.4% $805.62 Mills County Bank National Association April 4, 2009
$54430.00 5 8.5% $1116.71 Postville State Bank October 12, 2009
$54210.00 10 11.5% $762.17 Washington State Bank December 28, 2012
$53650.00 10 8.6% $668.06 Rippey Savings Bank April 20, 2014
$54360.00 5 7.2% $1081.53 Iowa State Bank May 22, 2014

When Bert was 21, they attempted to obtain a student loan from 5 different banks, which damaged their credit score. Below is a list of Bert’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on November 4, 2009
  • Attempt 2) Loan for $20,000.00 on March 17, 2012
  • Attempt 3) Loan for $39,000.00 on August 28, 2010
  • Attempt 4) Loan for $25,000.00 on March 6, 2010
  • Attempt 5) Loan for $37,000.00 on August 3, 2011

Conclusion of Bert’s student loan

In the end, Bert was able to find a student loan for $12000 with an interest rate of 7.5% interest APR from West Burlington Bank in West Burlington, Iowa repayable over 5 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.