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$64000 Debt Consolidation Loan In Albany Georgia With Credit Score 445 For Bennett

$64000 Debt Consolidation Loan – Albany Georgia, Credit Score Of 445

  • Experian: 464 – This client had a bad Experian score
  • Transunion: 431 – Bennett had a bad credit score with Transunion.
  • Equifax: Bennett’s Experian score was 445, which is a bad credit score using the Experian system.

Contact Details for Home Federal Savings and Loan Association, the provider of this debt consolidation loan

  • Home Federal Savings and Loan Association
  • City: Albany
  • State: Georgia
  • Address: 241 Pine Ave
  • County: Dougherty
  • Zip code: 31701

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $37,000.00 to $45,000.00. They are typically used to pay off existing high interest loans like credit cards. Bennett required a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Bennett was able to find a debt consolidation 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 a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.5%.

Bennett’s Transunion score was altered by the debt consolidation loan loan, changing to 431 from 445, which is normal in our experience.

Transunion Score: 431

Installment loan for Bennett, a graduate of Lynchburg College and a technological espionage intelligence agent working for over $75,000 per year

Bennett, an alumnus at Lynchburg College and a technological espionage intelligence agent in Albany, Georgia needs a debt consolidation loan to purchase something frivolous. Bennett has instead decided to obtain an installment loan for $19,000 and is currently seeking lenders like Bank of Morgan County to process their request.

Client Profile: Bennett Ellcessor of Albany, Georgia
  • Full name (Changed if requested): Bennett Ellcessor
  • Current Credit: loans.hit.utils.Fico@e73f9ac
  • Current City: Albany
  • State: Georgia
  • Zip code: 31707
  • Yearly income: $44,000
  • Current Job: technological espionage intelligence agent
  • Current County: Dougherty
  • Goal Yearly Income: $134,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Paraphrased and Standardized Quote from Bennett for this debt consolidation loan of $64000, provided by Home Federal Savings and Loan Association

Hello, I am Bennett and my hometown is Albany in Georgia. Dougherty, county is where I grew up, and now I need a debt consolidation loan in Georgia for $64000 to renovate my home. It wasn’t easy, but Home Federal Savings and Loan Association really came through for me with this loan for 10.8% interest APR and a term of 7 years. I can repay the loan over the 7 year term, including interest. A big thanks to Home Federal Savings and Loan Association for giving me a chance and my bad credit. It look me 6 years to create my credit to 445, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Several past requests for credit have been made by Bennett in the past, including one from The Bendena State Bank in Albany, Georgia before Bennett was accepted for the $64000 by Home Federal Savings and Loan Association

Bennett made 9 previous tries to obtain a debt consolidation loan, 2 of which were with The Bendena State Bank, a lending institution in Albany, Georgia known to specialize in debt consolidation loans specifically. Prior to finding Home Federal Savings and Loan Association, Bennett was very concerned due to their inexperience and bad credit score.

Signature Loan easily acquired in Albany, Georgia for $64000 with bad credit by Bennett

A lot of prospective borrowers have difficulty with obtaining signature loans in Albany, Georgia, and Bennett is the same. Bennett went to 4 lenders or more before settling on Home Federal Savings and Loan Association, who offered Bennett a signature loan for $64000. Typical signature loans simply require a client, like Bennett’s signature to obtain them, up to $35,000 in some cases. Bennett was able to get $64000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need a cosigner, they generally require higher credit, as high as 738

Previous requests on Bennett’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$120200.00 11 6.4% $1270.77 NationsBank of Florida, National Association September 4, 2011
$120310.00 7 6.2% $1769.11 Century Bank and Trust July 22, 2012
$119540.00 9 10.5% $1715.5 Bank of Madison November 9, 2012
$120130.00 6 9.7% $2207.38 Bank of Hazlehurst June 10, 2013
$120250.00 8 8.5% $1730.65 The Citizens and Southern Bank of Dublin July 24, 2013

7 Months Ago, Bennett Attempted to Find a High Risk Loan for $43,000.00, and it was Easy

It is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Bennett. Bennett decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Clients with credit scores as low as 388 can apply for a high risk loan and possibly can be accepted.

When Bennett was 18, they attempted to obtain a student loan from 5 different banks, which damaged their credit score. Below is a list of Bennett’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on July 26, 2010
  • Attempt 2) Loan for $27,000.00 on May 11, 2013
  • Attempt 3) Loan for $38,000.00 on April 1, 2012
  • Attempt 4) Loan for $30,000.00 on February 28, 2012
  • Attempt 5) Loan for $24,000.00 on December 1, 2008

Personal Loan for a technological espionage intelligence agent named Bennett in Albany, Georgia to Pay Off Goodyear Credit Card

Bennett had a tonne of credit card debt on their AirBP Flight Card and their Sears Commercial One Credit Card, and they were starting to get in over their heads. Despite Bennett’s job as a technological espionage intelligence agent, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Bennett was declined by The Citizens and Southern Bank of Colquitt County 5 times prior to being approved by Home Federal Savings and Loan Association at 241 Pine Ave

On February 24, 2010, Bennett applied about borrowing $34,000 from NationsBank of Florida, National Association with Thora, their friend from just outside Albany, and even with the co-signer, Bennett was rejected for this debt consolidation loan. With bad credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Fast Loans for Bennett in Albany, Georgia to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Albany, Georgia aren’t actually that difficult to obtain, especially if you have some gumption like Bennett. Bennett was able to find a fast loan for $64000 from 1st Community Bank and Bank of Madison, but turned down both offers in favor of their debt consolidation loan from Home Federal Savings and Loan Association. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. An improvement in the case that a borrower is on the go.

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

Bennett has always wanted to be a radio & tv sports announcer, but would have to attend Lynchburg College again to achieve it. Bennett has other prospects as well, including customer service supervisor, retail sales department supervisor, and employee benefits analyst, which pay $50,000 through to $106,000 per year, at least. Because of this, we believe that Bennett can pay for this debt consolidation loan of $64000.

Before applying for this debt consolidation loan, Bennett had an Experian score of 464, which is bad, so Home Federal Savings and Loan Association most likely cannot provide Bennett a debt consolidation loan

Experian Score: 464

Bennett’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their technological espionage intelligence agent job and their future job as a radio & tv sports announcer

Fico Score: 445

Conclusion of Bennett’s debt consolidation loan

In the end, Bennett was able to find a debt consolidation loan for $64000 with an interest rate of 9.7% interest APR from Home Federal Savings and Loan Association in Albany, Georgia 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.