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4 Year No Collateral Loan For Dorsey In Chicago Illinois

$84000 No Collateral Loan – Chicago Illinois, Credit Score Of 537

  • Experian: 556 – They had a fair Experian score
  • Transunion: 524 – Dorsey had a fair credit score with Transunion.
  • Equifax: Dorsey’s Experian score was 537, which is a fair credit rating using the Experian rating scheme.

Dorsey’s Transunion score was changed by the no collateral loan loan, changing to 524 from 537, which is normal in our experience.

Transunion Score: 524

Paraphrased and Standardized Quote from Dorsey for this no collateral loan of $84000, provided by First Chicago Bank & Trust

Hello, I am Dorsey and my hometown is Chicago in Illinois. Cook, county is where I grew up, and now I need a no collateral loan in Illinois for $84000 to renovate my home. It wasn’t easy, but First Chicago Bank & Trust really came through for me with this loan for 5.5% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to First Chicago Bank & Trust for giving me a chance and my fair credit. It look me 9 years to build my credit to 537, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.

Dorsey’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their casino manager job and their future career as an insurance estate planner

Fico Score: 537

When Dorsey was 23, they attempted to obtain a student loan from 5 alternate lenders, which harmed their credit score. Below is a list of Dorsey’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on June 29, 2010
  • Attempt 2) Loan for $23,000.00 on March 6, 2011
  • Attempt 3) Loan for $29,000.00 on December 13, 2009
  • Attempt 4) Loan for $27,000.00 on November 3, 2008
  • Attempt 5) Loan for $24,000.00 on October 20, 2012

Signature Loan easily acquired in Chicago, Illinois for $84000 with fair credit by Dorsey

Many borrowers have difficulty with finding signature loans in Chicago, Illinois, and Dorsey is not an exception. Dorsey went to 4 lending institutions or more before settling on First Chicago Bank & Trust, who offered Dorsey a signature loan for $84000. Most signature loans simply require a client, like Dorsey’s signature to get them, up to $42,000 in some cases. Dorsey was able to get $84000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans don’t require a cosigner, these loans generally need higher credit, as high as 754

Installment loan for Dorsey, a graduate of Trinidad State Junior College and a casino manager working for over $60,000 per year

Dorsey, an alumnus at Trinidad State Junior College and a casino manager in Chicago, Illinois needs a no collateral loan to purchase a car. Dorsey has instead decided to obtain an installment loan for $27,000 and is currently seeking lenders like Mercantile National Bank of Chicago to process their request.

Before applying for this no collateral loan, Dorsey had an Experian score of 556, which is fair, so First Chicago Bank & Trust most likely cannot provide Dorsey a no collateral loan

Experian Score: 556

Client Profile: Dorsey Brodi of Chicago, Illinois
  • Full name (Changed if requested): Dorsey Brodi
  • Current Credit: loans.hit.utils.Fico@9807454
  • Current City: Chicago
  • State: Illinois
  • Zip code: 60610
  • Yearly income: $52,000
  • Current Job: casino manager
  • Current County: Cook
  • Goal Yearly Income: $106,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Multiple previous requests for credit have been made by Dorsey in the past, including one from Crossland Savings, Fsla in Chicago, Illinois before Dorsey was accepted for the $84000 by First Chicago Bank & Trust

Dorsey made 5 previous tries to obtain a no collateral loan, 2 of which were with Crossland Savings, Fsla, a bank in Chicago, Illinois known to specialize in no collateral loans specifically. Prior to finding First Chicago Bank & Trust, Dorsey was concerned due to their inexperience and fair credit score.

Dorsey has a disappointing current total income, but has a large amount of prospects

Dorsey has always wanted to be an insurance estate planner, but would have to attend Trinidad State Junior College again to become one. Dorsey has other prospects as well, including insulation installer, music therapist, and municipal fire fighting supervisor, which pay $53,000 through to $95,000 per year, on average. Because of this, we believe that Dorsey can pay for this no collateral loan of $84000.

Previous requests on Dorsey’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$86820.00 5 7.3% $1731.46 The Gerber State Bank March 9, 2012
$87410.00 6 9.1% $1579.95 The Belvidere National Bank and Trust Company October 25, 2014
$87350.00 6 11.1% $1667.1 Commerce Bank May 18, 2015
$86520.00 3 7.5% $2691.31 Byron Bank June 3, 2015
$87490.00 8 5.8% $1141.24 Amalgamated Bank of Chicago August 7, 2015

7 Months in the Past, Dorsey Attempted to Find a High Risk Loan for $25,000.00, and it was Easy

It is an ongoing struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Dorsey. Dorsey decided not to obtain a high risk loan this time. High Risk loans are given to bad credit clients. Individuals with credit scores as low as 416 can inquire for a high risk loan and have a chance to be approved.

Contact Details for First Chicago Bank & Trust, the provider of this no collateral loan

  • First Chicago Bank & Trust
  • City: Chicago
  • State: Illinois
  • Address: 1040 W Randolph St
  • County: Cook
  • Zip code: 60607

Dorsey was not approved by Upper Avenue Bank 4 times before being granted funding by First Chicago Bank & Trust at 1040 W Randolph St

On June 8, 2013, Dorsey inquired about borrowing $22,000 from Uptown National Bank of Chicago with Dolly, their friend from just outside Chicago, and even with the co-signer, Dorsey was rejected for this no collateral loan. With fair credit, it can be difficult to obtain financing, even with collateral and a co-signer.

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

Most debt consolidation loans range from $35,000.00 to $53,000.00. They are typically used to pay off existing high interest loans like credit cards. Dorsey required a debt consolidation loan to pay for their existing no collateral loan and their payday loan. Dorsey was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.1%.

Personal Loan for a casino manager named Dorsey in Chicago, Illinois to Pay Off Bank of Akron MasterCard Business

Dorsey had a tonne of credit card debt on their Avianca LifeMiles Visa Signature Card and their The Home Depot Consumer Credit Card, and they were starting to get in over their heads. Despite Dorsey’s job as a casino manager, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Fast Loans for Dorsey in Chicago, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Dorsey. Dorsey was able to find a fast loan for $84000 from Mercantile National Bank of Chicago and NBD Bank Evanston, National Association, but declined both offers in favor of their no collateral loan from First Chicago Bank & Trust. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big difference if you are on the go.

Conclusion of Dorsey’s no collateral loan

In the end, Dorsey was able to find a no collateral loan for $84000 with an interest rate of 7.5% interest APR from First Chicago Bank & Trust in Chicago, Illinois repayable over 3 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.