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High Risk Loan For $52000 Near 39051, Mississippi With A Credit Score Of 416

$52000 High Risk Loan – Carthage Mississippi, Credit Score Of 416

  • Experian: 432 – The client had a bad Experian score
  • Transunion: 398 – Trenton had a bad credit score with Transunion.
  • Equifax: Trenton’s Experian score was 416, which is a bad credit rating with the Experian system.

Contact Details for Heritage Banking Group, the provider of this high risk loan

  • Heritage Banking Group
  • City: Carthage
  • State: Mississippi
  • Address: 114 South Pearl Street
  • County: Leake
  • Zip code: 39051

Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $21,000.00 to $54,000.00. They are mainly used to pay off existing high interest loans like credit cards. Trenton required a debt consolidation loan to pay for their existing high risk loan and their credit card. Trenton was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.5%.

Signature Loan easily acquired in Carthage, Mississippi for $52000 with bad credit by Trenton

Most clients struggle with finding signature loans in Carthage, Mississippi, and Trenton is no exception. Trenton went to 5 lenders or more before finding Heritage Banking Group, who offered Trenton a signature loan for $52000. Typical signature loans simply need a client, like Trenton’s signature to obtain them, up to $34,000 in some cases. Trenton was able to get $52000 as a high risk loan, which is very high for a high risk loan. Since signature loans don’t require collateral, they generally need improved credit, as high as 797

Client Profile: Trenton Chittom of Carthage, Mississippi
  • Full name (Changed if requested): Trenton Chittom
  • Current Credit: loans.hit.utils.Fico@593634ad
  • Current City: Carthage
  • State: Mississippi
  • Zip code: 39059
  • Yearly income: $56,000
  • Current Job: computer security specialist
  • Current County: Leake
  • Goal Yearly Income: $128,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Fast Loans for Trenton in Carthage, Mississippi to prevent bankruptcy or harm from debt collectors.

Fast loans in Carthage, Mississippi aren’t actually that difficult to obtain, particularly if you have some gumption like Trenton. Trenton was able to find a fast loan for $52000 from The Commercial National Bank and Trust Company of Laurel and Bank of Oxford, but turned down both offers in favor of their high risk loan from Heritage Banking Group. The improvement 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 debt consolidation loans. A big difference in the case that a client is in a time sensitive situation.

Personal Loan for a computer security specialist named Trenton in Carthage, Mississippi to Pay Off Peebles Credit Card

Trenton had a tonne of credit card debt on their M&T Visa Credit Card and their Dress Barn Credit Card, and they were starting to get in over their heads. Despite Trenton’s job as a computer security specialist, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Trenton, a graduate of Tufts University School of Medicine and a computer security specialist working for over $68,000 per year

Trenton, an alumnus at Tufts University School of Medicine and a computer security specialist in Carthage, Mississippi wants a high risk loan to purchase a new cell phone. Trenton has instead decided to obtain an installment loan for $10,000 and is at present seeking lenders like Peoples Bank of Durant to provide it.

Before applying for this high risk loan, Trenton had an Experian score of 432, which is bad, so Heritage Banking Group likely cannot provide Trenton a high risk loan

Experian Score: 432

Trenton was not approved by First National Bank of Vicksburg 5 times before being approved by Heritage Banking Group at 114 South Pearl Street

On January 28, 2011, Trenton inquired about borrowing $26,000 from The First National Bank of Laurel with Fran, their in law from just outside Carthage, and even with the co-signer, Trenton was rejected for this high risk loan. With bad credit, it can be very hard to obtain financing, even with collateral and a co-signer.

8 Months in the Past, Trenton Tried Finding a High Risk Loan for $42,000.00, 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 manner. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Trenton. Trenton decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit borrowers. Clients with credit scores as low as 545 can apply for a high risk loan and possibly can be accepted.

Previous requests on Trenton’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$81570.00 4 7.4% $1968.47 Peoples Bank of Durant August 15, 2011
$82440.00 6 7.5% $1425.4 Holmes County Bank & Trust Company July 19, 2013
$82340.00 8 6.3% $1094.13 The Bank of Sebastopol June 12, 2014
$81700.00 10 7.7% $978.34 Merchants & Planters Bank September 16, 2014
$81750.00 5 10.4% $1753.08 Citizens Bank October 16, 2014

Several past requests for credit have been made by Trenton in the past, including one from Cambridge Trust Company in Carthage, Mississippi before Trenton was accepted for the $52000 by Heritage Banking Group

Trenton made 6 prior attempts to obtain a high risk loan, 2 of which were with Cambridge Trust Company, a lending institution in Carthage, Mississippi known to specialize in high risk loans specifically. Prior to finding Heritage Banking Group, Trenton was desperate due to their inexperience and bad credit score.

Trenton has a very low current yearly income, but has a high number of prospects

Trenton has always wanted to be a screen writer, but would have to attend Tufts University School of Medicine again to become one. Trenton has other possibilities as well, including biology professor, artillery and missile officer, and medical appliance technician, which pay $51,000 through to $91,000 per year, on average. Because of this, we believe that Trenton can afford this high risk loan of $52000.

Trenton’s Transunion score was changed by the high risk loan loan, changing to 398 from 416, which is normal in our experience.

Transunion Score: 398

When Trenton was 24, they tried to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Trenton’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on February 19, 2014
  • Attempt 2) Loan for $31,000.00 on April 24, 2010
  • Attempt 3) Loan for $30,000.00 on May 7, 2009
  • Attempt 4) Loan for $26,000.00 on November 29, 2012

Trenton’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their computer security specialist job and their future job as a screen writer

Fico Score: 416

Paraphrased and Standardized Quote from Trenton for this high risk loan of $52000, provided by Heritage Banking Group

Hi, I am Trenton and my hometown is Carthage in Mississippi. Leake, county is where I grew up, and now I need a high risk loan in Mississippi for $52000 to buy a big ticket item. It has been difficult, but Heritage Banking Group really came through for me with this loan for 11.3% interest APR and a term of 9 years. I can probably repay the loan over the 9 year term, including interest. A big thanks to Heritage Banking Group for giving me a chance and my bad credit. It look me 5 years to create my credit to 416, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

Conclusion of Trenton’s high risk loan

In the end, Trenton was able to find a high risk loan for $52000 with an interest rate of 11.8% interest APR from Heritage Banking Group in Carthage, Mississippi 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.