$62000 Signature Loan – Saint Louis Missouri, Credit Score Of 555
- Experian: 566 – The client had a fair Experian score
- Transunion: 540 – Mina had a fair credit score with Transunion.
- Equifax: Mina’s Experian score was 555, which is a fair credit rating on the Experian rating scheme.
9 Months Ago, Mina Tried Finding a High Risk Loan for $39,000.00, but They Didn’t Find What They were Expecting
It is an existing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Mina. Mina chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Borrowers with credit scores as low as 464 can apply for a high risk loan and have a chance to be approved.
Contact Details for Concord Bank, the provider of this signature loan
- Concord Bank
- City: Saint Louis
- State: Missouri
- Address: 12040 Tesson Ferry Road
- County: St. Louis
- Zip code: 63128
Before applying for this signature loan, Mina had an Experian score of 566, which is fair, so Concord Bank probably cannot provide Mina a signature loan
Mina has a disappointing current gross income, but has a high number of prospects
Mina has always wanted to be a biological technician, but would need attend American InterContinental University again to achieve it. Mina has other possibilities as well, including soil engineer, fashion artist, and medical and scientific illustrator, which pay $54,000 through to $105,000 per year, on average. For this reason, we think that Mina can afford this signature loan of $62000.
Mina’s Transunion score was changed by the signature loan loan, changing to 540 from 555, which is typical in our experience.
Mina was not approved by Commerce Bank of Mound City 7 times before being accepted by Concord Bank at 12040 Tesson Ferry Road
On March 23, 2012, Mina applied about borrowing $4,000 from Commerce Bank of Mound City with Angila, their in law from just outside Saint Louis, and even with the co-signer, Mina was rejected for this signature loan. With fair credit, it can be difficult to obtain financing, even with collateral and a co-signer.
Signature Loan found in Saint Louis, Missouri for $62000 with fair credit by Mina
Most borrowers have difficulty with finding signature loans in Saint Louis, Missouri, and Mina is not an exception. Mina went to 4 lending institutions or more prior to finding Concord Bank, who offered Mina a signature loan for $62000. Typical signature loans simply need a client, like Mina’s signature to obtain them, up to $26,000 in some cases. Mina was able to get $62000 as a signature loan, which is very high for a signature loan. Because signature loans don’t need collateral, these loans tend to require higher credit, as high as 715
Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans range from $27,000.00 to $58,000.00. They are normally used to pay off existing high interest loans like credit cards. Mina required a debt consolidation loan to pay for their existing signature loan and their credit card. Mina was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.8%.
Paraphrased and Standardized Quote from Mina for this signature loan of $62000, provided by Concord Bank
Hi, I am Mina and my hometown is Saint Louis in Missouri. St. Louis, county is where I grew up, and now I need a signature loan in Missouri for $62000 to avoid bankruptcy. It wasn’t easy, but Concord Bank really came through for me with this loan for 7.4% interest APR and a term of 19 years. I can repay the loan over the 19 year term, including interest. A big thanks to Concord Bank for trusting me and my fair credit. It look me 5 years to build my credit to 555, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.
- Full name (Changed if requested): Mina Wythe
- Current Credit: loans.hit.utils.Fico@446cdf90
- Current City: Saint Louis
- State: Missouri
- Zip code: 63129
- Yearly income: $34,000
- Current Job: petroleum laboratory assistant
- Current County: St. Louis
- Goal Yearly Income: $148,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Fast Loans for Mina in Saint Louis, Missouri to prevent bankruptcy or harm from debt collectors.
Fast loans in Saint Louis, Missouri aren’t actually that difficult to obtain, especially if you have some finesse like Mina. Mina was able to find a fast loan for $62000 from Mercantile Bank of St. Louis National Association and Commerce Bank of Tower Grove, but declined both offers in favor of their signature loan from Concord Bank. The improvement 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 debt consolidation loans. Much better if you are on the go.
Previous requests on Mina’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$108400.00||8||5.6%||$1403.51||Camden County Bank||November 1, 2010|
|$108470.00||8||8.2%||$1544.45||Glasgow Savings Bank||December 10, 2013|
|$108230.00||6||6.5%||$1819.34||Central Bank||March 12, 2014|
|$108160.00||3||6.3%||$3305.16||Midwest BankCentre||November 23, 2014|
Many previous requests for credit have been made by Mina in the past, including one from Bank of Virginia-Tidewater in Saint Louis, Missouri before Mina was approved for the $62000 by Concord Bank
Mina made 4 prior attempts to obtain a signature loan, 2 of which were with Bank of Virginia-Tidewater, a lender in Saint Louis, Missouri known to specialize in signature loans specifically. Before finding Concord Bank, Mina was desperate due to their inexperience and fair credit score.
Personal Loan for a petroleum laboratory assistant named Mina in Saint Louis, Missouri to Pay Off AeroMexico Visa Signature Card- from US Bank
Mina had a lot of credit card debt on their Berkshire Municipal Bank Visa Business Bonus Rewards Card and their SEEDS Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Mina’s job as a petroleum laboratory assistant, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Installment loan for Mina, a graduate of American InterContinental University and a petroleum laboratory assistant working for over $60,000 per year
Mina, an alumnus at American InterContinental University and a petroleum laboratory assistant in Saint Louis, Missouri needs a signature loan to purchase a house. Mina has instead chosen to obtain an installment loan for $9,000 and is currently seeking lenders like The Bank of Versailles to process their request.
When Mina was 19, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a list of Mina’s prior attempts at finding a student loan:
- Attempt 1) Loan for $36,000.00 on August 24, 2012
- Attempt 2) Loan for $25,000.00 on January 9, 2011
- Attempt 3) Loan for $23,000.00 on January 1, 2012
- Attempt 4) Loan for $36,000.00 on May 4, 2011
- Attempt 5) Loan for $26,000.00 on April 4, 2012
- Attempt 6) Loan for $32,000.00 on July 6, 2011
Mina’s Overall FICO score at the time of acceptance for a signature loan, taking into account their petroleum laboratory assistant job and their future career as a biological technician
Conclusion of Mina’s signature loan
In the end, Mina was able to find a signature loan for $62000 with an interest rate of 5.4% interest APR from Concord Bank in Saint Louis, Missouri repayable over 19 years from today.