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Home Loan With Low APR In New Madrid County, Missouri

$80000 Home Loan – Lilbourn Missouri, Credit Rating Of 347

  • Experian: 359 – This client had a terrible Experian score
  • Transunion: 334 – Duncan had a terrible credit rating with Transunion.
  • Equifax: Duncan’s Experian score was 347, which is a terrible credit rating with the Experian system.

Before applying for this home loan, Duncan had an Experian score of 359, which is terrible, so Peoples Bank of Lilbourn probably cannot provide Duncan a home loan

Experian Score: 359

Personal Loan for an export agent named Duncan in Lilbourn, Missouri to Pay Off Bangor Savings Bank Secured Visa Card

Duncan had a lot of credit card debt on their RBC Visa Signature Black Plus Credit Card and their Belk Rewards Card, and they were starting to get in over their heads. Despite Duncan’s job as an export agent, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Duncan’s Transunion score was changed by the home loan loan, changing to 334 from 347, which is typical in our experience.

Transunion Score: 334

Signature Loan easily acquired in Lilbourn, Missouri for $80000 with terrible credit by Duncan

Many borrowers have difficulty with finding signature loans in Lilbourn, Missouri, and Duncan is not an exception. Duncan went to 7 lenders or more prior to settling on Peoples Bank of Lilbourn, who offered Duncan a signature loan for $80000. Typical signature loans simply require a client, like Duncan’s signature to get them, up to $26,000 in some cases. Duncan was able to get $80000 as a home loan, which is very high for a home loan. Because signature loans don’t need collateral, they generally require improved credit, as high as 777

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

Duncan has always wanted to be a mechanical engineering technician, but would need attend Pennsylvania Highlands Community College again to achieve it. Duncan has other possibilities as well, including court clerk, petroleum refinery operator, and highway maintenance worker, which pay $50,000 through to $98,000 per year, at least. For this reason, we think that Duncan can afford this home loan of $80000.

Duncan’s Overall FICO score at the time of acceptance for a home loan, taking into account their export agent job and their future job as a mechanical engineering technician

Fico Score: 347

Many previous requests for credit have been made by Duncan in the past, including one from Northwest Community Bank in Lilbourn, Missouri before Duncan was approved for the $80000 by Peoples Bank of Lilbourn

Duncan made 7 previous attempts to obtain a home loan, 2 of which were with Northwest Community Bank, a bank in Lilbourn, Missouri known to specialize in home loans specifically. Prior to finding Peoples Bank of Lilbourn, Duncan was concerned due to their inexperience and terrible credit rating.

9 Months in the Past, Duncan Attempted Finding a High Risk Loan for $34,000.00, and it was Easy

It is an well known struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Duncan. Duncan chose not to get a high risk loan this time. High Risk loans are given to bad credit applicants. Individuals with credit scores as low as 495 can inquire for a high risk loan and possibly can be accepted.

When Duncan was 18, they tried to obtain a student loan from 6 different banks, which damaged their credit score. Below is a list of Duncan’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on August 22, 2009
  • Attempt 2) Loan for $36,000.00 on February 11, 2012
  • Attempt 3) Loan for $35,000.00 on April 5, 2009
  • Attempt 4) Loan for $25,000.00 on March 2, 2012
  • Attempt 5) Loan for $33,000.00 on May 21, 2012
  • Attempt 6) Loan for $26,000.00 on May 24, 2011

Contact Details for Peoples Bank of Lilbourn, the provider of this home loan

  • Peoples Bank of Lilbourn
  • City: Lilbourn
  • State: Missouri
  • Address: Third And Dawson Streets
  • County: New Madrid
  • Zip code: 63862

Installment loan for Duncan, a graduate of Pennsylvania Highlands Community College and an export agent working for over $73,000 per year

Duncan, an alumnus at Pennsylvania Highlands Community College and an export agent in Lilbourn, Missouri needs a home loan to purchase a house. Duncan has instead chosen to get an installment loan for $7,000 and is currently seeking lenders like Lindell Bank & Trust Company to process their request.

Duncan was rejected by Jefferson Bank and Trust Company 7 times before being granted funding by Peoples Bank of Lilbourn at Third And Dawson Streets

On June 7, 2010, Duncan inquired about borrowing $40,000 from Mercantile Bank of Franklin County with Monroe, their in law from just outside Lilbourn, and even with the co-signer, Duncan was rejected for this home loan. With terrible credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Duncan for this home loan of $80000, provided by Peoples Bank of Lilbourn

Hi, I am Duncan and I’m from Lilbourn in Missouri. New Madrid, county is where I grew up, and now I need a home loan in Missouri for $80000 to avoid bankruptcy. It has been difficult, but Peoples Bank of Lilbourn really came through for me with this loan for 5.1% interest APR and a term of 11 years. I will repay the loan over the 11 year term, including interest. A big thanks to Peoples Bank of Lilbourn for trusting me and my terrible credit. It look me 8 years to create my credit to 347, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Fast Loans for Duncan in Lilbourn, Missouri to prevent bankruptcy or harm from debt collectors.

Fast loans in Lilbourn, Missouri aren’t actually that difficult to obtain, especially if you have some finesse like Duncan. Duncan was able to find a fast loan for $80000 from Commerce Bank of Richmond Heights and Jefferson-Gravois Bank of St. Louis, but turned down both offers in favor of their home loan from Peoples Bank of Lilbourn. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement if you are in a time sensitive situation.

Previous requests on Duncan’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$119150.00 3 7.4% $3700.84 Camden County Bank March 11, 2009
$119210.00 9 10.8% $1730.4 Glasgow Savings Bank March 24, 2012
$119190.00 4 8.3% $2926.59 Central Bank January 16, 2014
$119390.00 11 5.6% $1213.51 Midwest BankCentre March 9, 2014
Client Profile: Duncan Priest of Lilbourn, Missouri
  • Full name (Changed if requested): Duncan Priest
  • Current Credit: loans.hit.utils.Fico@6ae40994
  • Current City: Lilbourn
  • State: Missouri
  • Zip code: 63866
  • Yearly income: $53,000
  • Current Job: export agent
  • Current County: New Madrid
  • Goal Yearly Income: $84,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

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

Average debt consolidation loans range from $35,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Duncan needed a debt consolidation loan to pay for their existing home loan and their payday loan. Duncan was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.3%.

Conclusion of Duncan’s home loan

In the end, Duncan was able to find a home loan for $80000 with an interest rate of 6.0% interest APR from Peoples Bank of Lilbourn in Lilbourn, Missouri repayable over 11 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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