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$44000 Consolidation Loan With Good Credit In New Albany Mississippi

$44000 Consolidation Loan – New Albany Mississippi, Credit Score Of 654

  • Experian: 672 – This individual had a good Experian score
  • Transunion: 639 – Buck had a good credit score with Transunion.
  • Equifax: Buck’s Experian score was 654, which is a good credit score on the Experian scale.

Contact Details for First Financial Savings and Loan Association, the provider of this consolidation loan

  • First Financial Savings and Loan Association
  • City: New Albany
  • State: Mississippi
  • Address: Bankhead Street
  • County: Union
  • Zip code: 38652

Before applying for this consolidation loan, Buck had an Experian score of 672, which is good, so First Financial Savings and Loan Association most likely cannot provide Buck a consolidation loan

Experian Score: 672

Personal Loan for an interior designer named Buck in New Albany, Mississippi to Pay Off KingSize Rewards Visa Platinum

Buck had a tonne of credit card debt on their M&T Visa Credit Card and their PNC Bank Travel Rewards Visa Business Credit Card, and they were starting to get in over their heads. Despite Buck’s job as an interior designer, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan easily acquired in New Albany, Mississippi for $44000 with good credit by Buck

Most clients have difficulty with obtaining signature loans in New Albany, Mississippi, and Buck is the same. Buck went to 5 lenders or more before finding First Financial Savings and Loan Association, who offered Buck a signature loan for $44000. Typical signature loans simply need a client, like Buck’s signature to obtain them, up to $38,000 in some cases. Buck was able to get $44000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans don’t need collateral, they tend to require better credit, as high as 739

Fast Loans for Buck in New Albany, Mississippi to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in New Albany, Mississippi aren’t actually that difficult to obtain, especially if you have some gumption like Buck. Buck was able to find a fast loan for $44000 from The Peoples Bank, Biloxi, Mississippi and The Bank of Sebastopol, but declined both offers in favor of their consolidation loan from First Financial Savings and Loan Association. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big difference in the case that a client is in a pinch.

Buck’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their interior designer job and their future job as an orthodontic assistant

Fico Score: 654

Paraphrased and Standardized Quote from Buck for this consolidation loan of $44000, provided by First Financial Savings and Loan Association

Hi, I am Buck and my hometown is New Albany in Mississippi. Union, county is where I grew up, and now I need a consolidation loan in Mississippi for $44000 to avoid bankruptcy. It has been difficult, but First Financial Savings and Loan Association really came through for me with this loan for 11.5% interest APR and a term of 7 years. I will repay the loan over the 7 year term, including interest. A big thanks to First Financial Savings and Loan Association for trusting me and my good credit. It look me 5 years to build my credit to 654, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Buck has a disappointing current total income, but has a high number of prospects

Buck has always wanted to be an orthodontic assistant, but would have to attend Ivy Tech Community College of Indiana again to achieve it. Buck has other possibilities as well, including bank examiner, furniture designer, and business professor, which pay $55,000 through to $107,000 per year, at least. Because of this, we think that Buck can afford this consolidation loan of $44000.

Client Profile: Buck Sarzynski of New Albany, Mississippi
  • Full name (Changed if requested): Buck Sarzynski
  • Current Credit: loans.hit.utils.Fico@41cf53f9
  • Current City: New Albany
  • State: Mississippi
  • Zip code: 38658
  • Yearly income: $68,000
  • Current Job: interior designer
  • Current County: Union
  • Goal Yearly Income: $149,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

When Buck was 21, they tried to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Buck’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on May 6, 2012
  • Attempt 2) Loan for $32,000.00 on January 16, 2010
  • Attempt 3) Loan for $21,000.00 on June 27, 2011
  • Attempt 4) Loan for $37,000.00 on June 16, 2012

Buck’s Transunion score was changed by the consolidation loan loan, changing to 639 from 654, which is normal in our experience.

Transunion Score: 639

Installment loan for Buck, a graduate of Ivy Tech Community College of Indiana and an interior designer working for over $75,000 per year

Buck, an alumnus at Ivy Tech Community College of Indiana and an interior designer in New Albany, Mississippi wants a consolidation loan to purchase a new cell phone. Buck has instead decided to get an installment loan for $19,000 and is currently seeking lenders like First Citizens National Bank to provide it.

9 Months Ago, Buck Attempted to Find a High Risk Loan for $33,000.00, and it was Hard

There is an existing struggle for clients to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Buck. Buck decided not to obtain a high risk loan this time. High Risk loans are given to bad credit borrowers. Clients with credit ratings as low as 507 can apply for a high risk loan and have a chance to be approved.

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

Average debt consolidation loans vary from $35,000.00 to $43,000.00. They are typically used to pay off existing high interest loans like credit cards. Buck needed a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Buck was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.5%.

Previous requests on Buck’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$129560.00 7 10.1% $2157.55 Peoples Bank of Durant March 9, 2010
$129770.00 6 8.2% $2287.98 Holmes County Bank & Trust Company September 21, 2012
$129510.00 3 10.5% $4209.39 The Bank of Sebastopol November 3, 2014
$130440.00 4 10.5% $3339.7 Merchants & Planters Bank March 12, 2015
$130460.00 6 7.4% $2249.36 Citizens Bank July 15, 2015

Buck was rejected by First-Columbus National Bank 5 times prior to being accepted by First Financial Savings and Loan Association at Bankhead Street

On February 13, 2013, Buck applied about borrowing $31,000 from Bank of Crenshaw with Terrell, their friend from just outside New Albany, and even with the co-signer, Buck was rejected for this consolidation loan. With good credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Multiple past requests for credit have been made by Buck in the past, including one from Community Bank & Trust Company of Virginia in New Albany, Mississippi before Buck was approved for the $44000 by First Financial Savings and Loan Association

Buck made 7 previous attempts to obtain a consolidation loan, 2 of which were with Community Bank & Trust Company of Virginia, a lending institution in New Albany, Mississippi known to specialize in consolidation loans specifically. Before finding First Financial Savings and Loan Association, Buck was concerned due to their inexperience and good credit score.

Conclusion of Buck’s consolidation loan

In the end, Buck was able to find a consolidation loan for $44000 with an interest rate of 8.3% interest APR from First Financial Savings and Loan Association in New Albany, Mississippi repayable over 7 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.