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$180000 Personal Loan With Bad Credit In Mundelein Illinois

$180000 Personal Loan – Mundelein Illinois, Credit Rating Of 488

  • Experian: 507 – The client had a bad Experian score
  • Transunion: 474 – Corrin had a bad credit score with Transunion.
  • Equifax: Corrin’s Experian score was 488, which is a bad credit rating using the Experian system.

Signature Loan found in Mundelein, Illinois for $180000 with bad credit by Corrin

A lot of clients have difficulty with finding signature loans in Mundelein, Illinois, and Corrin is no exception. Corrin went to 4 lending institutions or more before settling on First of America Bank-Mundelein, National Association, who offered Corrin a signature loan for $180000. Typical signature loans simply require a client, like Corrin’s signature to get them, up to $42,000 in some cases. Corrin was able to get $180000 as a personal loan, which is very high for a personal loan. Since signature loans don’t require collateral, these loans tend to require better credit, as high as 799

Corrin has a low current total income, but has several of prospects

Corrin has always wanted to be a wildlife biologist, but would have to attend Stevens Institute of Technology again to achieve it. Corrin has other prospects as well, including sales representative, experimental psychologist, and tour guide, which pay $52,000 through to $90,000 per year, on average. For this reason, we believe that Corrin can pay for this personal loan of $180000.

Paraphrased and Standardized Quote from Corrin for this personal loan of $180000, provided by First of America Bank-Mundelein, National Association

Hi, I am Corrin and I’m from Mundelein in Illinois. Lake, county is where I grew up, and now I need a personal loan in Illinois for $180000 to buy a car. It has been difficult, but First of America Bank-Mundelein, National Association really came through for me with this loan for 11.6% interest APR and a term of 9 years. I will repay the loan over the 9 year term, including interest. A big thanks to First of America Bank-Mundelein, National Association for giving me a chance and my bad credit. It look me 5 years to build my credit to 488, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Fast Loans for Corrin in Mundelein, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Mundelein, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Corrin. Corrin was able to find a fast loan for $180000 from Old Kent Bank and Old Kent Bank, but declined both offers in favor of their personal loan from First of America Bank-Mundelein, National Association. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big improvement in the case that a client is on the go.

Personal Loan for a political science professor named Corrin in Mundelein, Illinois to Pay Off Commerce Bank Visa Signature Credit Card

Corrin had a tonne of credit card debt on their American State Bank MasterCard and their The Swedish-American Chambers of Commerce, Inc. Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Corrin’s job as a political science professor, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Multiple previous requests for credit have been made by Corrin in the past, including one from Arvest Bank in Mundelein, Illinois before Corrin was approved for the $180000 by First of America Bank-Mundelein, National Association

Corrin made 8 previous tries to obtain a personal loan, 2 of which were with Arvest Bank, a bank in Mundelein, Illinois known to specialize in personal loans specifically. Prior to finding First of America Bank-Mundelein, National Association, Corrin was concerned due to their inexperience and bad credit score.

Client Profile: Corrin Honeyestewa of Mundelein, Illinois
  • Full name (Changed if requested): Corrin Honeyestewa
  • Current Credit: loans.hit.utils.Fico@1b2c6ec2
  • Current City: Mundelein
  • State: Illinois
  • Zip code: 60061
  • Yearly income: $33,000
  • Current Job: political science professor
  • Current County: Lake
  • Goal Yearly Income: $148,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Before applying for this personal loan, Corrin had an Experian score of 507, which is bad, so First of America Bank-Mundelein, National Association probably cannot provide Corrin a personal loan

Experian Score: 507

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

  • Attempt 1) Loan for $33,000.00 on April 18, 2012
  • Attempt 2) Loan for $30,000.00 on December 29, 2012
  • Attempt 3) Loan for $36,000.00 on July 1, 2009
  • Attempt 4) Loan for $37,000.00 on July 11, 2013
  • Attempt 5) Loan for $25,000.00 on September 25, 2012
  • Attempt 6) Loan for $38,000.00 on February 17, 2012

8 Months Ago, Corrin Attempted to Find a High Risk Loan for $43,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Corrin. Corrin decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Clients with credit scores as low as 579 can apply for a high risk loan and possibly can be approved.

Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $25,000.00 to $44,000.00. They are mainly used to pay off existing high interest loans like credit cards. Corrin needed a debt consolidation loan to pay for their existing personal loan and their loan shark loan. Corrin was able to find a personal loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.6%.

Installment loan for Corrin, a graduate of Stevens Institute of Technology and a political science professor working for over $71,000 per year

Corrin, an alumnus at Stevens Institute of Technology and a political science professor in Mundelein, Illinois wants a personal loan to purchase a house. Corrin has instead chosen to get an installment loan for $15,000 and is currently seeking lenders like Central National Bank of Mattoon to provide it.

Corrin was declined by Commerce Bank 6 times prior to being granted funding by First of America Bank-Mundelein, National Association at 103 East Park Street

On December 25, 2009, Corrin applied about borrowing $49,000 from Commerce Bank with Gigi, their friend from just outside Mundelein, and even with the co-signer, Corrin was rejected for this personal loan. With bad credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Previous requests on Corrin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$136530.00 3 6.4% $4178.3 The Gerber State Bank December 26, 2013
$137250.00 6 6.6% $2313.7 The Belvidere National Bank and Trust Company May 17, 2015
$137240.00 11 8.6% $1611.33 Commerce Bank September 2, 2015
$137240.00 7 8.7% $2187.23 Byron Bank September 18, 2015
$137360.00 8 9.8% $2069.82 Amalgamated Bank of Chicago September 20, 2015

Corrin’s Transunion score was changed by the personal loan loan, changing to 474 from 488, which is normal in our experience.

Transunion Score: 474

Contact Details for First of America Bank-Mundelein, National Association, the provider of this personal loan

  • First of America Bank-Mundelein, National Association
  • City: Mundelein
  • State: Illinois
  • Address: 103 East Park Street
  • County: Lake
  • Zip code: 60060

Corrin’s Overall FICO score at the time of acceptance for a personal loan, taking into account their political science professor job and their future job as a wildlife biologist

Fico Score: 488

Conclusion of Corrin’s personal loan

In the end, Corrin was able to find a personal loan for $180000 with an interest rate of 5.7% interest APR from First of America Bank-Mundelein, National Association in Mundelein, Illinois repayable over 9 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.