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2 Year Unsecured Loan For Loan In Sterling Illinois

$18000 Unsecured Loan – Sterling Illinois, Credit Score Of 453

  • Experian: 464 – This client had a bad Experian score
  • Transunion: 436 – Loan had a bad credit score with Transunion.
  • Equifax: Loan’s Experian score was 453, which is a bad credit rating using the Experian rating scheme.

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

  • Attempt 1) Loan for $35,000.00 on December 21, 2012
  • Attempt 2) Loan for $32,000.00 on September 19, 2013
  • Attempt 3) Loan for $35,000.00 on February 7, 2013
  • Attempt 4) Loan for $23,000.00 on August 31, 2009

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $35,000.00 to $54,000.00. They are typically used to pay off existing high interest loans like credit cards. Loan needed a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Loan was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 3.1%.

Personal Loan for a medical secretary named Loan in Sterling, Illinois to Pay Off Bangor Savings Bank Secured Visa Card

Loan had a lot of credit card debt on their Citi Platinum Select CITGO MasterCard and their WalMart Business Card, and they were starting to get in over their heads. Despite Loan’s job as a medical secretary, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Loan’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their medical secretary job and their future career as a forest fire inspector

Fico Score: 453

Client Profile: Loan Stuzman of Sterling, Illinois
  • Full name (Changed if requested): Loan Stuzman
  • Current Credit: loans.hit.utils.Fico@5e9f23b4
  • Current City: Sterling
  • State: Illinois
  • Zip code: 61082
  • Yearly income: $32,000
  • Current Job: medical secretary
  • Current County: Whiteside
  • Goal Yearly Income: $85,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Paraphrased and Standardized Quote from Loan for this unsecured loan of $18000, provided by Sterling Federal Bank, F.S.B.

Hello, I am Loan and I am from Sterling in Illinois. Whiteside, county is where I grew up, and now I need a unsecured loan in Illinois for $18000 to renovate my home. It has been difficult, but Sterling Federal Bank, F.S.B. really came through for me with this loan for 9.4% interest APR and a term of 6 years. I can repay the loan over the 6 year term, including interest. A big thanks to Sterling Federal Bank, F.S.B. for trusting me and my bad credit. It look me 6 years to build my credit to 453, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

7 Months in the Past, Loan Attempted Finding a High Risk Loan for $26,000.00, and it was Hard

There is an well known struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Loan. Loan chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Clients with credit ratings as low as 407 can apply for a high risk loan and have a chance to be approved.

Previous requests on Loan’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$142360.00 9 7.4% $1809.37 The Gerber State Bank February 12, 2013
$141540.00 7 5.1% $2007.17 The Belvidere National Bank and Trust Company July 24, 2013
$141630.00 8 6.5% $1895.89 Commerce Bank November 27, 2013
$142250.00 8 5.1% $1807.65 Byron Bank May 18, 2014

Installment loan for Loan, a graduate of Minnesota School of Business and a medical secretary working for over $64,000 per year

Loan, an alumnus at Minnesota School of Business and a medical secretary in Sterling, Illinois wants an unsecured loan to purchase a house. Loan has instead decided to get an installment loan for $24,000 and is at present seeking lenders like Commerce Bank of Woodford County, National Association to process their request.

Fast Loans for Loan in Sterling, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in Sterling, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Loan. Loan was able to find a fast loan for $18000 from The Belvidere National Bank and Trust Company and Bank One, Illinois, National Association, but declined both offers in favor of their unsecured loan from Sterling Federal Bank, F.S.B.. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement in the case that a client is in a time sensitive situation.

Contact Details for Sterling Federal Bank, F.S.B., the provider of this unsecured loan

  • Sterling Federal Bank, F.S.B.
  • City: Sterling
  • State: Illinois
  • Address: 110 E 4th St
  • County: Whiteside
  • Zip code: 61081

Signature Loan found in Sterling, Illinois for $18000 with bad credit by Loan

Most prospective borrowers have difficulty with obtaining signature loans in Sterling, Illinois, and Loan is not an exception. Loan went to 5 lending institutions or more prior to finding Sterling Federal Bank, F.S.B., who offered Loan a signature loan for $18000. Typical signature loans simply require a client, like Loan’s signature to obtain them, up to $31,000 in some cases. Loan was able to get $18000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not need a cosigner, they generally require improved credit, as high as 788

Loan has a very low current yearly income, but has a large amount of prospects

Loan has always wanted to be a forest fire inspector, but would need attend Minnesota School of Business again to become one. Loan has other prospects as well, including middle school teacher, platemakers, and cook, which pay $55,000 through to $105,000 per year, on average. Because of this, we think that Loan can afford this unsecured loan of $18000.

Before applying for this unsecured loan, Loan had an Experian score of 464, which is bad, so Sterling Federal Bank, F.S.B. probably cannot provide Loan an unsecured loan

Experian Score: 464

Loan was rejected by Drexel National Bank 5 times prior to being granted funding by Sterling Federal Bank, F.S.B. at 110 E 4th St

On January 31, 2011, Loan applied about borrowing $44,000 from Mercantile National Bank of Chicago with Sol, their in law from just outside Sterling, and even with the co-signer, Loan was rejected for this unsecured loan. With bad credit, it can be difficult to procure funding, even with collateral and a co-signer.

Several past requests for credit have been made by Loan in the past, including one from Texas Bank and Trust Company in Sterling, Illinois before Loan was approved for the $18000 by Sterling Federal Bank, F.S.B.

Loan made 5 prior attempts to obtain an unsecured loan, 2 of which were with Texas Bank and Trust Company, a bank in Sterling, Illinois known to specialize in unsecured loans specifically. Prior to finding Sterling Federal Bank, F.S.B., Loan was desperate due to their inexperience and bad credit rating.

Loan’s Transunion score was altered by the unsecured loan loan, changing to 436 from 453, which is typical in our experience.

Transunion Score: 436

Conclusion of Loan’s unsecured loan

In the end, Loan was able to find an unsecured loan for $18000 with an interest rate of 8.7% interest APR from Sterling Federal Bank, F.S.B. in Sterling, Illinois repayable over 6 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.