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19 Month, Fixed Interest Direct Loan For Carmelia In Indiana

$90000 Direct Loan – Union City Indiana, Credit Rating Of 789

  • Experian: 807 – They had an excellent Experian score
  • Transunion: 772 – Carmelia had an excellent credit rating with Transunion.
  • Equifax: Carmelia’s Experian score was 789, which is an excellent credit rating using the Experian system.

Personal Loan for a contract specialist named Carmelia in Union City, Indiana to Pay Off SEFCU World MasterCard

Carmelia had a tonne of credit card debt on their Fordham University Visa Credit Card and their American Savings Bank Business Edition Visa Card with Absolute Rewards, and they were starting to get in over their heads. Despite Carmelia’s job as a contract specialist, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Carmelia Wittmann of Union City, Indiana
  • Full name (Changed if requested): Carmelia Wittmann
  • Current Credit: loans.hit.utils.Fico@31cefde0
  • Current City: Union City
  • State: Indiana
  • Zip code: 47398
  • Yearly income: $68,000
  • Current Job: contract specialist
  • Current County: Randolph
  • Goal Yearly Income: $91,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Many previous requests for credit have been made by Carmelia in the past, including one from Peoples State Bank in Union City, Indiana before Carmelia was accepted for the $90000 by Union Trust Bank

Carmelia made 9 previous tries to obtain a direct loan, 2 of which were with Peoples State Bank, a lending institution in Union City, Indiana known to specialize in direct loans specifically. Before finding Union Trust Bank, Carmelia was very concerned due to their inexperience and excellent credit score.

Fast Loans for Carmelia in Union City, Indiana to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Union City, Indiana aren’t actually that difficult to obtain, especially if you have some finesse like Carmelia. Carmelia was able to find a fast loan for $90000 from Citizens Bank of Central Indiana and Farmers State Bank Rush County, but turned down both offers in favor of their direct loan from Union Trust Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big difference if you are on the go.

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $29,000.00 to $55,000.00. They are typically used to pay off existing high interest loans like credit cards. Carmelia required a debt consolidation loan to pay for their existing direct loan and their loan shark loan. Carmelia was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.7%.

Carmelia has a low current gross income, but has several of prospects

Carmelia has always wanted to be a music therapist, but would need attend Saint Joseph School of Nursing again to become one. Carmelia has other prospects as well, including orthodontist, aircraft body and bonded structure repairer, and real estate assessor, which pay $54,000 through to $109,000 per year, on average. For this reason, we think that Carmelia can afford this direct loan of $90000.

Before applying for this direct loan, Carmelia had an Experian score of 807, which is excellent, so Union Trust Bank most likely cannot provide Carmelia a direct loan

Experian Score: 807

Installment loan for Carmelia, a graduate of Saint Joseph School of Nursing and a contract specialist working for over $62,000 per year

Carmelia, an alumnus at Saint Joseph School of Nursing and a contract specialist in Union City, Indiana needs a direct loan to purchase a house. Carmelia has instead decided to get an installment loan for $15,000 and is currently seeking lenders like State Bank of Greentown to provide it.

Carmelia was declined by First United Bank, National Association 5 times prior to being granted funding by Union Trust Bank at Pearl And Broadway

On January 22, 2013, Carmelia inquired about borrowing $35,000 from Bank of Reynolds with Marguerite, their friend from just outside Union City, and even with the co-signer, Carmelia was rejected for this direct loan. With excellent credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Signature Loan acquired in Union City, Indiana for $90000 with excellent credit by Carmelia

A lot of borrowers have difficulty with finding signature loans in Union City, Indiana, and Carmelia is the same. Carmelia went to 5 lending institutions or more prior to settling on Union Trust Bank, who offered Carmelia a signature loan for $90000. Typical signature loans simply need a client, like Carmelia’s signature to obtain them, up to $20,000 in some cases. Carmelia was able to get $90000 as a direct loan, which is very high for a direct loan. Because signature loans don’t require a cosigner, they tend to require higher credit, as high as 728

When Carmelia was 23, they tried to obtain a student loan from 4 alternate banks, which damaged their credit score. Below is a chronology of Carmelia’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on February 18, 2009
  • Attempt 2) Loan for $29,000.00 on March 22, 2009
  • Attempt 3) Loan for $20,000.00 on June 1, 2013
  • Attempt 4) Loan for $21,000.00 on March 17, 2011

Previous requests on Carmelia’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$117700.00 8 11.5% $1880.77 The Citizens Exchange Bank October 2, 2009
$117580.00 11 5.8% $1207.0 Alliance Bank September 5, 2011
$118340.00 4 6.8% $2822.83 Farmers State Bank November 23, 2013
$118430.00 6 9.1% $2140.65 First United Bank, National Association November 16, 2014
$118480.00 9 6.6% $1457.85 Farmers State Bank January 24, 2015

Carmelia’s Overall FICO score at the time of acceptance for a direct loan, taking into account their contract specialist job and their future career as a music therapist

Fico Score: 789

7 Months in the Past, Carmelia Attempted Finding a High Risk Loan for $38,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Carmelia. Carmelia decided not to get a high risk loan this time. High Risk loans are given to bad credit borrowers. Clients with credit ratings as low as 497 can apply for a high risk loan and have a chance to be approved.

Paraphrased and Standardized Quote from Carmelia for this direct loan of $90000, provided by Union Trust Bank

Hello, I am Carmelia and I am from Union City in Indiana. Randolph, county is where I grew up, and now I need a direct loan in Indiana for $90000 to pay bills. It has been difficult, but Union Trust Bank really came through for me with this loan for 7.5% interest APR and a term of 19 years. I can probably repay the loan over the 19 year term, including interest. A big thanks to Union Trust Bank for giving me a chance and my excellent credit. It look me 8 years to build my credit to 789, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.

Contact Details for Union Trust Bank, the provider of this direct loan

  • Union Trust Bank
  • City: Union City
  • State: Indiana
  • Address: Pearl And Broadway
  • County: Randolph
  • Zip code: 47390

Carmelia’s Transunion score was altered by the direct loan loan, changing to 772 from 789, which is normal in our experience.

Transunion Score: 772

Conclusion of Carmelia’s direct loan

In the end, Carmelia was able to find a direct loan for $90000 with an interest rate of 6.2% interest APR from Union Trust Bank in Union City, Indiana repayable over 19 years from now.

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.