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4 Month Consolidation Loan For Venita In New Orleans Louisiana

$96000 Consolidation Loan – New Orleans Louisiana, Credit Rating Of 421

  • Experian: 432 – This individual had a bad Experian score
  • Transunion: 404 – Venita had a bad credit score with Transunion.
  • Equifax: Venita’s Experian score was 421, which is a bad credit rating on the Experian rating scheme.

Installment loan for Venita, a graduate of Calvary Baptist Theological Seminary and an industrial health engineer working for over $73,000 per year

Venita, an alumnus at Calvary Baptist Theological Seminary and an industrial health engineer in New Orleans, Louisiana needs a consolidation loan to purchase a house. Venita has instead chosen to get an installment loan for $7,000 and is at present seeking lenders like Bank of Grand Cane to provide it.

Venita’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their industrial health engineer job and their future job as a community health nurse

Fico Score: 421

Fast Loans for Venita in New Orleans, Louisiana to prevent bankruptcy or harm from debt collectors.

Fast loans in New Orleans, Louisiana aren’t actually that difficult to obtain, especially if you have some finesse like Venita. Venita was able to find a fast loan for $96000 from The First National Bank in St. Mary Parish and The Highlands Bank, but turned down both offers in favor of their consolidation loan from Security Homestead FSA. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. Much better if a client is in a pinch.

Venita’s Transunion score was altered by the consolidation loan loan, changing to 404 from 421, which is typical in our experience.

Transunion Score: 404

Venita has a low current gross income, but has several of prospects

Venita has always wanted to be a community health nurse, but would need attend Calvary Baptist Theological Seminary again to become one. Venita has other possibilities as well, including criminal justice professor, mine cutting machine operator, and home entertainment system installer, which pay $51,000 through to $90,000 per year, on average. Because of this, we believe that Venita can pay for this consolidation loan of $96000.

Venita was not approved by Alerion Bank 5 times prior to being accepted by Security Homestead FSA at 221 Carondelet Street

On August 20, 2010, Venita inquired about borrowing $29,000 from First National Bank of Louisiana with Amada, their friend from just outside New Orleans, and even with the co-signer, Venita was rejected for this consolidation loan. With bad credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Contact Details for Security Homestead FSA, the provider of this consolidation loan

  • Security Homestead FSA
  • City: New Orleans
  • State: Louisiana
  • Address: 221 Carondelet Street
  • County: Orleans
  • Zip code: 70153

When Venita was 22, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a list of Venita’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on October 25, 2011
  • Attempt 2) Loan for $26,000.00 on March 3, 2013
  • Attempt 3) Loan for $39,000.00 on June 22, 2010
  • Attempt 4) Loan for $22,000.00 on October 15, 2010
Client Profile: Venita Moan of New Orleans, Louisiana
  • Full name (Changed if requested): Venita Moan
  • Current Credit: loans.hit.utils.Fico@5e265ba4
  • Current City: New Orleans
  • State: Louisiana
  • Zip code: 70160
  • Yearly income: $65,000
  • Current Job: industrial health engineer
  • Current County: Orleans
  • Goal Yearly Income: $81,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Personal Loan for an industrial health engineer named Venita in New Orleans, Louisiana to Pay Off Goody’s Credit Card

Venita had a tonne of credit card debt on their The Kardashian Prepaid MasterCard and their Caribbean Education Foundation Visa Card, and they were starting to get in over their heads. Despite Venita’s job as an industrial health engineer, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Multiple past requests for credit have been made by Venita in the past, including one from Eureka Savings Bank in New Orleans, Louisiana before Venita was accepted for the $96000 by Security Homestead FSA

Venita made 6 prior attempts to obtain a consolidation loan, 2 of which were with Eureka Savings Bank, a bank in New Orleans, Louisiana known to specialize in consolidation loans specifically. Prior to finding Security Homestead FSA, Venita was concerned due to their inexperience and bad credit score.

Signature Loan acquired in New Orleans, Louisiana for $96000 with bad credit by Venita

A lot of borrowers struggle with obtaining signature loans in New Orleans, Louisiana, and Venita is the same. Venita went to 7 lenders or more before finding Security Homestead FSA, who offered Venita a signature loan for $96000. Typical signature loans simply require a client, like Venita’s signature to obtain them, up to $47,000 in some cases. Venita was able to get $96000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not require collateral, these loans generally need higher credit, as high as 713

Before applying for this consolidation loan, Venita had an Experian score of 432, which is bad, so Security Homestead FSA most likely cannot provide Venita a consolidation loan

Experian Score: 432

6 Months Ago, Venita Attempted to Find a High Risk Loan for $20,000.00, and it was Easy

There is an ongoing struggle for clients 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 scary to borrowers like Venita. Venita chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Borrowers with credit scores as low as 541 can apply for a high risk loan and possibly can be accepted.

Previous requests on Venita’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$69250.00 10 7.2% $811.21 Bank of Zachary January 9, 2009
$68660.00 10 5.6% $748.55 Landmark Bank May 13, 2009
$68670.00 6 5.1% $1109.11 Bank of Gonzales October 11, 2010
$68720.00 6 6.7% $1161.73 The Highlands Bank October 22, 2013

Paraphrased and Standardized Quote from Venita for this consolidation loan of $96000, provided by Security Homestead FSA

Hello, I am Venita and my hometown is New Orleans in Louisiana. Orleans, county is where I grew up, and now I need a consolidation loan in Louisiana for $96000 to avoid bankruptcy. It has been difficult, but Security Homestead FSA really came through for me with this loan for 10.6% interest APR and a term of 15 years. I can probably repay the loan over the 15 year term, including interest. A big thanks to Security Homestead FSA for giving me a chance and my bad credit. It look me 9 years to create my credit to 421, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $21,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Venita required a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Venita was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.1%.

Conclusion of Venita’s consolidation loan

In the end, Venita was able to find a consolidation loan for $96000 with an interest rate of 11.5% interest APR from Security Homestead FSA in New Orleans, Louisiana repayable over 15 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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