$3000 Same Day Loan – Independence Iowa, Credit Rating Of 390
- Experian: 404 – This individual had a terrible Experian rating
- Transunion: 376 – Valentine had a terrible credit rating with Transunion.
- Equifax: Valentine’s Experian score was 390, which is a terrible credit rating using the Experian scale.
Contact Details for Independence Federal Bank For Savings, the provider of this same day loan
- Independence Federal Bank For Savings
- City: Independence
- State: Iowa
- Address: 305 First Street West
- County: Buchanan
- Zip code: 50644
Personal Loan for an industrial-organizational psychologist named Valentine in Independence, Iowa to Pay Off AeroMexico Visa Secured Card
Valentine had a lot of credit card debt on their Commerce Bank and their Amalgamated Bank MasterCard Gold, and they were starting to get in over their heads. Despite Valentine’s job as an industrial-organizational psychologist, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Signature Loan easily acquired in Independence, Iowa for $3000 with terrible credit by Valentine
A lot of clients have difficulty with obtaining signature loans in Independence, Iowa, and Valentine is the same. Valentine went to 6 lenders or more before settling on Independence Federal Bank For Savings, who offered Valentine a signature loan for $3000. Typical signature loans simply need a client, like Valentine’s signature to obtain them, up to $20,000 in some cases. Valentine was able to get $3000 as a same day loan, which is very high for a same day loan. Because signature loans don’t need collateral, these loans tend to require better credit, as high as 725
- Full name (Changed if requested): Valentine Buras
- Current Credit: loans.hit.utils.Fico@108c4c35
- Current City: Independence
- State: Iowa
- Zip code: 50645
- Yearly income: $68,000
- Current Job: industrial-organizational psychologist
- Current County: Buchanan
- Goal Yearly Income: $105,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Fast Loans for Valentine in Independence, Iowa to prevent bankruptcy or harm from debt collectors.
Fast loans in Independence, Iowa aren’t actually that difficult to obtain, particularly if you have some finesse like Valentine. Valentine was able to find a fast loan for $3000 from Norwest Bank Atlantic, National Association and Solon State Bank, but turned down both offers in favor of their same day loan from Independence Federal Bank For Savings. The improvement with a fast loan over a personal 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 if you are in a pinch.
Before applying for this same day loan, Valentine had an Experian score of 404, which is terrible, so Independence Federal Bank For Savings most likely cannot provide Valentine a same day loan
Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $24,000.00 to $54,000.00. They are typically used to pay off existing high interest loans like credit cards. Valentine needed a debt consolidation loan to pay for their existing same day loan and their payday loan. Valentine was able to find a same day loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.0%.
Installment loan for Valentine, a graduate of Westmoreland County Community College and an industrial-organizational psychologist working for over $78,000 per year
Valentine, an alumnus at Westmoreland County Community College and an industrial-organizational psychologist in Independence, Iowa wants a same day loan to purchase something frivolous. Valentine has instead decided to get an installment loan for $4,000 and is at present seeking lenders like Raccoon Valley State Bank to provide it.
Multiple other requests for credit have been made by Valentine in the past, including one from Valley Commercial Bank in Independence, Iowa before Valentine was approved for the $3000 by Independence Federal Bank For Savings
Valentine made 6 prior attempts to obtain a same day loan, 2 of which were with Valley Commercial Bank, a lending institution in Independence, Iowa known to specialize in same day loans specifically. Before finding Independence Federal Bank For Savings, Valentine was concerned due to their inexperience and terrible credit score.
When Valentine was 19, they tried to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a chronology of Valentine’s prior attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on October 28, 2013
- Attempt 2) Loan for $35,000.00 on July 7, 2009
- Attempt 3) Loan for $37,000.00 on October 30, 2008
- Attempt 4) Loan for $26,000.00 on February 22, 2013
- Attempt 5) Loan for $22,000.00 on December 12, 2010
Valentine’s Transunion score was changed by the same day loan loan, changing to 376 from 390, which is typical in our experience.
Previous requests on Valentine’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$15390.00||9||11.2%||$226.8||Mills County Bank National Association||March 30, 2010|
|$14560.00||10||6.4%||$164.59||Postville State Bank||September 18, 2013|
|$15410.00||5||5.5%||$294.35||Washington State Bank||November 13, 2013|
|$15330.00||10||5.4%||$165.61||Rippey Savings Bank||March 20, 2014|
Paraphrased and Standardized Quote from Valentine for this same day loan of $3000, provided by Independence Federal Bank For Savings
Hi, I am Valentine and I am from Independence in Iowa. Buchanan, county is where I grew up, and now I need a same day loan in Iowa for $3000 to pay bills. It wasn’t easy, but Independence Federal Bank For Savings really came through for me with this loan for 6.1% interest APR and a term of 21 years. I can probably repay the loan over the 21 year term, including interest. A big thanks to Independence Federal Bank For Savings for giving me a chance and my terrible credit. It look me 5 years to build my credit to 390, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.
Valentine has a sad current yearly income, but has a large amount of prospects
Valentine has always wanted to be a city planning aide, but would have to attend Westmoreland County Community College again to achieve it. Valentine has other prospects as well, including compensation administrator, environmental planner, and recreation leader, which pay $53,000 through to $106,000 per year, at least. For this reason, we think that Valentine can afford this same day loan of $3000.
Valentine’s Overall FICO score at the time of acceptance for a same day loan, taking into account their industrial-organizational psychologist job and their future career as a city planning aide
Valentine was rejected by Peoples Bank and Trust Company 4 times prior to being granted funding by Independence Federal Bank For Savings at 305 First Street West
On November 22, 2013, Valentine applied about borrowing $7,000 from Brenton State Bank of Jefferson with Britteny, their friend from just outside Independence, and even with the co-signer, Valentine was rejected for this same day loan. With terrible credit, it can be a challenge to obtain financing, even with collateral and a co-signer.
6 Months in the Past, Valentine Attempted Finding a High Risk Loan for $20,000.00, and it was Hard
There is an ongoing struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Valentine. Valentine decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Individuals with credit scores as low as 515 can inquire for a high risk loan and possibly can be accepted.
Conclusion of Valentine’s same day loan
In the end, Valentine was able to find a same day loan for $3000 with an interest rate of 7.0% interest APR from Independence Federal Bank For Savings in Independence, Iowa repayable over 21 years from now.