$36000 Emergency Loan – South Bend Indiana, Credit Score Of 577
- Experian: 587 – They had a fair Experian rating
- Transunion: 560 – Valorie had a fair credit rating with Transunion.
- Equifax: Valorie’s Experian score was 577, which is a fair credit score using the Experian scale.
Signature Loan found in South Bend, Indiana for $36000 with fair credit by Valorie
Most clients struggle with obtaining signature loans in South Bend, Indiana, and Valorie is the same. Valorie went to 7 lending institutions or more before finding South Bend Federal Savings and Loan Association, who offered Valorie a signature loan for $36000. Most signature loans simply require a client, like Valorie’s signature to obtain them, up to $47,000 in some cases. Valorie was able to get $36000 as a emergency loan, which is very high for an emergency loan. Because signature loans don’t need a cosigner, these loans tend to require better credit, as high as 789
Personal Loan for a radio & tv producer named Valorie in South Bend, Indiana to Pay Off Conestoga Bank Visa Business Bonus Rewards Card
Valorie had a lot of credit card debt on their MCU Secured Visa and their First State Bank Visa Business Platinum Card, and they were starting to get in over their heads. Despite Valorie’s job as a radio & tv producer, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Valorie was rejected by State Bank of Lizton 5 times before being granted funding by South Bend Federal Savings and Loan Association at 233 South Main Street
On March 18, 2013, Valorie inquired about borrowing $32,000 from STAR, Financial Bank, Elwood with Ruthann, their friend from just outside South Bend, and even with the co-signer, Valorie was rejected for this emergency loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.
Installment loan for Valorie, a graduate of SUNY Downstate Medical Center and a radio & tv producer working for over $66,000 per year
Valorie, an alumnus at SUNY Downstate Medical Center and a radio & tv producer in South Bend, Indiana wants an emergency loan to purchase a new cell phone. Valorie has instead decided to get an installment loan for $16,000 and is at present seeking lenders like American State Bank to provide it.
9 Months Ago, Valorie Tried to Find a High Risk Loan for $45,000.00, and it was Easy
There is an existing struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Valorie. Valorie decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Borrowers with credit scores as low as 336 can inquire for a high risk loan and have a chance to be accepted.
Valorie’s Transunion score was changed by the emergency loan loan, changing to 560 from 577, which is normal in our experience.
Valorie has a low current gross income, but has a high number of prospects
Valorie has always wanted to be a construction laborer, but would have to attend SUNY Downstate Medical Center again to become one. Valorie has other prospects as well, including police and detectives supervisor, ophthalmic laboratory technician, and landscape architect, which pay $53,000 through to $91,000 per year, on average. For this reason, we think that Valorie can pay for this emergency loan of $36000.
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans range from $21,000.00 to $46,000.00. They are mainly used to pay off existing high interest loans like credit cards. Valorie required a debt consolidation loan to pay for their existing emergency loan and their credit card. Valorie was able to find a emergency loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.2%.
Previous requests on Valorie’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$21160.00||4||11.6%||$553.08||The Citizens Exchange Bank||January 1, 2009|
|$21150.00||8||9.4%||$314.26||Alliance Bank||April 20, 2009|
|$21470.00||7||10.7%||$364.24||Farmers State Bank||April 16, 2011|
|$20660.00||5||7.5%||$413.98||First United Bank, National Association||August 23, 2012|
When Valorie was 22, they tried to obtain a student loan from 5 different lenders, which harmed their credit rating. Below is a chronology of Valorie’s previous attempts at finding a student loan:
- Attempt 1) Loan for $37,000.00 on November 25, 2013
- Attempt 2) Loan for $33,000.00 on April 14, 2013
- Attempt 3) Loan for $32,000.00 on July 18, 2009
- Attempt 4) Loan for $23,000.00 on October 16, 2012
- Attempt 5) Loan for $32,000.00 on April 28, 2009
Before applying for this emergency loan, Valorie had an Experian score of 587, which is fair, so South Bend Federal Savings and Loan Association likely cannot provide Valorie an emergency loan
Fast Loans for Valorie in South Bend, Indiana to prevent bankruptcy or harm from debt collectors.
Fast loans in South Bend, Indiana aren’t actually that difficult to obtain, especially if you have some finesse like Valorie. Valorie was able to find a fast loan for $36000 from Alexandria Banking Company and Farmers State Bank, but turned down both offers in favor of their emergency loan from South Bend Federal Savings and Loan Association. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. Much better in the case that a client is on the go.
Contact Details for South Bend Federal Savings and Loan Association, the provider of this emergency loan
- South Bend Federal Savings and Loan Association
- City: South Bend
- State: Indiana
- Address: 233 South Main Street
- County: St Joseph
- Zip code: 46634
Paraphrased and Standardized Quote from Valorie for this emergency loan of $36000, provided by South Bend Federal Savings and Loan Association
Hi, I am Valorie and I am from South Bend in Indiana. St Joseph, county is where I grew up, and now I need a emergency loan in Indiana for $36000 to buy a car. It has been difficult, but South Bend Federal Savings and Loan Association really came through for me with this loan for 9.5% interest APR and a term of 20 years. I will repay the loan over the 20 year term, including interest. A big thanks to South Bend Federal Savings and Loan Association for trusting me and my fair credit. It look me 6 years to create my credit to 577, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.
- Full name (Changed if requested): Valorie Folkins
- Current Credit: loans.hit.utils.Fico@45fe3ee3
- Current City: South Bend
- State: Indiana
- Zip code: 46642
- Yearly income: $64,000
- Current Job: radio & tv producer
- Current County: St Joseph
- Goal Yearly Income: $145,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Valorie’s Overall FICO score at the time of acceptance for an emergency loan, taking into account their radio & tv producer job and their future job as a construction laborer
Multiple previous requests for credit have been made by Valorie in the past, including one from Federal Trust Bank in South Bend, Indiana before Valorie was accepted for the $36000 by South Bend Federal Savings and Loan Association
Valorie made 8 prior attempts to obtain an emergency loan, 2 of which were with Federal Trust Bank, a bank in South Bend, Indiana known to specialize in emergency loans specifically. Before finding South Bend Federal Savings and Loan Association, Valorie was desperate due to their inexperience and fair credit score.
Conclusion of Valorie’s emergency loan
In the end, Valorie was able to find an emergency loan for $36000 with an interest rate of 10.8% interest APR from South Bend Federal Savings and Loan Association in South Bend, Indiana repayable over 20 years from today.