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1 Year, Variable Interest No Collateral Loan For Sha In Louisiana

$12000 No Collateral Loan – New Orleans Louisiana, Credit Score Of 371

  • Experian: 389 – This client had a terrible Experian rating
  • Transunion: 353 – Sha had a terrible credit score with Transunion.
  • Equifax: Sha’s Experian score was 371, which is a terrible credit score using the Experian system.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $39,000.00 to $51,000.00. They are mainly used to pay off existing high interest loans like credit cards. Sha required a debt consolidation loan to pay for their existing no collateral loan and their payday loan. Sha was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your dirty, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.6%.

Sha’s Transunion score was changed by the no collateral loan loan, changing to 353 from 371, which is typical in our experience.

Transunion Score: 353

Contact Details for First City Bank, the provider of this no collateral loan

  • First City Bank
  • City: New Orleans
  • State: Louisiana
  • Address: 935 Common Street
  • County: Orleans
  • Zip code: 70160
Client Profile: Sha Krammes of New Orleans, Louisiana
  • Full name (Changed if requested): Sha Krammes
  • Current Credit: loans.hit.utils.Fico@6d9c638
  • Current City: New Orleans
  • State: Louisiana
  • Zip code: 70164
  • Yearly income: $58,000
  • Current Job: electrical and electronic inspector
  • Current County: Orleans
  • Goal Yearly Income: $141,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Sha has a sad current gross income, but has several of prospects

Sha has always wanted to be an airport administrator, but would have to attend ITT Technical Institute – Indianapolis again to achieve it. Sha has other prospects as well, including technical & scientific publications editor, employment interviewer, and nuclear engineer, which pay $51,000 through to $104,000 per year, at least. For this reason, we think that Sha can afford this no collateral loan of $12000.

Sha was rejected by Landmark Bank 5 times before being accepted by First City Bank at 935 Common Street

On April 10, 2010, Sha inquired about borrowing $29,000 from The Premier Bank of South Louisiana with Rae, their friend from just outside New Orleans, and even with the co-signer, Sha was rejected for this no collateral loan. With terrible credit, it can be very hard to procure funding, even with collateral and a co-signer.

Personal Loan for an electrical and electronic inspector named Sha in New Orleans, Louisiana to Pay Off PNC Bank points Visa Business Credit Card

Sha had a lot of credit card debt on their First Hawaiian Bank Heritage MasterCard and their ESL Visa Credit Card, and they were starting to get in over their heads. Despite Sha’s job as an electrical and electronic inspector, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Sha for this no collateral loan of $12000, provided by First City Bank

Hello, I am Sha and I am from New Orleans in Louisiana. Orleans, county is where I grew up, and now I need a no collateral loan in Louisiana for $12000 to buy a big ticket item. It wasn’t easy, but First City Bank really came through for me with this loan for 11.1% interest APR and a term of 1 years. I can repay the loan over the 1 year term, including interest. A big thanks to First City Bank for trusting me and my terrible credit. It look me 7 years to build my credit to 371, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Fast Loans for Sha in New Orleans, Louisiana to prevent bankruptcy or broken legs from debt collectors.

Fast loans in New Orleans, Louisiana aren’t actually that difficult to obtain, especially if you have some finesse like Sha. Sha was able to find a fast loan for $12000 from Alerion Bank and First National Bank of Louisiana, but turned down both offers in favor of their no collateral loan from First City Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement in the case that a client is on the go.

Previous requests on Sha’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$38480.00 4 5.6% $896.66 Bank of Zachary January 7, 2011
$37540.00 3 8.5% $1185.05 Landmark Bank July 24, 2012
$38440.00 11 7.6% $430.57 Bank of Gonzales January 31, 2013
$38150.00 8 9.1% $560.89 The Highlands Bank March 27, 2014

Multiple previous requests for credit have been made by Sha in the past, including one from Central Arizona Bank in New Orleans, Louisiana before Sha was accepted for the $12000 by First City Bank

Sha made 6 prior attempts to obtain a no collateral loan, 2 of which were with Central Arizona Bank, a lender in New Orleans, Louisiana known to specialize in no collateral loans specifically. Prior to finding First City Bank, Sha was very concerned due to their inexperience and terrible credit rating.

When Sha was 19, they attempted to obtain a student loan from 6 different banks, which damaged their credit score. Below is a list of Sha’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on August 11, 2010
  • Attempt 2) Loan for $34,000.00 on March 8, 2014
  • Attempt 3) Loan for $20,000.00 on December 8, 2012
  • Attempt 4) Loan for $20,000.00 on October 31, 2011
  • Attempt 5) Loan for $25,000.00 on February 24, 2010
  • Attempt 6) Loan for $38,000.00 on March 8, 2011

6 Months Ago, Sha Tried to Find a High Risk Loan for $21,000.00, and it was Hard

It is an ongoing struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Sha. Sha chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Clients with credit ratings as low as 490 can apply for a high risk loan and may be be approved.

Before applying for this no collateral loan, Sha had an Experian score of 389, which is terrible, so First City Bank likely cannot provide Sha a no collateral loan

Experian Score: 389

Installment loan for Sha, a graduate of ITT Technical Institute – Indianapolis and an electrical and electronic inspector working for over $64,000 per year

Sha, an alumnus at ITT Technical Institute – Indianapolis and an electrical and electronic inspector in New Orleans, Louisiana needs a no collateral loan to purchase a car. Sha has instead decided to get an installment loan for $1,000 and is currently seeking lenders like The First National Bank of Abbeville to provide it.

Sha’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their electrical and electronic inspector job and their future career as an airport administrator

Fico Score: 371

Signature Loan easily acquired in New Orleans, Louisiana for $12000 with terrible credit by Sha

Most clients have difficulty with obtaining signature loans in New Orleans, Louisiana, and Sha is the same. Sha went to 6 lending institutions or more before finding First City Bank, who offered Sha a signature loan for $12000. Typical signature loans simply need a client, like Sha’s signature to obtain them, up to $44,000 in some cases. Sha was able to get $12000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans don’t need collateral, these loans tend to require higher credit, as high as 751

Conclusion of Sha’s no collateral loan

In the end, Sha was able to find a no collateral loan for $12000 with an interest rate of 5.3% interest APR from First City Bank in New Orleans, Louisiana repayable over 1 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.