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Low Rate Private Loan For Maxima In Chicago, Illinois

$98000 Private Loan – Chicago Illinois, Credit Rating Of 322

  • Experian: 335 – This client had a terrible Experian rating
  • Transunion: 307 – Maxima had a terrible credit score with Transunion.
  • Equifax: Maxima’s Experian score was 322, which is a terrible credit rating on the Experian rating scheme.

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans range from $29,000.00 to $57,000.00. They are normally used to pay off existing high interest loans like credit cards. Maxima needed a debt consolidation loan to pay for their existing private loan and their loan shark loan. Maxima was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.4%.

Client Profile: Maxima Dziegielewski of Chicago, Illinois
  • Full name (Changed if requested): Maxima Dziegielewski
  • Current Credit: loans.hit.utils.Fico@77a567e1
  • Current City: Chicago
  • State: Illinois
  • Zip code: 60625
  • Yearly income: $58,000
  • Current Job: landscape contractor
  • Current County: Cook
  • Goal Yearly Income: $94,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Previous requests on Maxima’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$34310.00 6 5.7% $563.77 The Gerber State Bank May 26, 2010
$34480.00 4 11.8% $904.61 The Belvidere National Bank and Trust Company August 16, 2010
$33690.00 10 6.8% $387.71 Commerce Bank October 11, 2011
$33840.00 6 11.8% $658.06 Byron Bank February 20, 2013

Maxima was rejected by Citizens State Bank of Milford 7 times before being approved by Security Federal Savings and Loan Association of Chicago at 1209 North Milwaukee Ave

On May 11, 2012, Maxima inquired about borrowing $5,000 from Citizens State Bank of Milford with Petrina, their in law from just outside Chicago, and even with the co-signer, Maxima was rejected for this private loan. With terrible credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Personal Loan for a landscape contractor named Maxima in Chicago, Illinois to Pay Off Office Depot Personal Credit Card

Maxima had a lot of credit card debt on their Citgo Plus Card and their Jeff Bank College Rewards Visa Card, and they were starting to get in over their heads. Despite Maxima’s job as a landscape contractor, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Contact Details for Security Federal Savings and Loan Association of Chicago, the provider of this private loan

  • Security Federal Savings and Loan Association of Chicago
  • City: Chicago
  • State: Illinois
  • Address: 1209 North Milwaukee Ave
  • County: Cook
  • Zip code: 60622

Maxima’s Overall FICO score at the time of acceptance for a private loan, taking into account their landscape contractor job and their future job as a hardwood floor finisher

Fico Score: 322

Fast Loans for Maxima in Chicago, Illinois to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Maxima. Maxima was able to find a fast loan for $98000 from Commerce Bank and Peoples National Bank of Kewanee, but declined both offers in favor of their private loan from Security Federal Savings and Loan Association of Chicago. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement if you are on the go.

When Maxima was 21, they tried to obtain a student loan from 5 alternate lenders, which harmed their credit rating. Below is a chronology of Maxima’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on January 1, 2009
  • Attempt 2) Loan for $36,000.00 on December 27, 2010
  • Attempt 3) Loan for $29,000.00 on August 2, 2009
  • Attempt 4) Loan for $33,000.00 on September 20, 2009
  • Attempt 5) Loan for $21,000.00 on September 10, 2011

8 Months Ago, Maxima Tried Finding a High Risk Loan for $20,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Maxima. Maxima chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Individuals with credit scores as low as 379 can inquire for a high risk loan and possibly can be approved.

Installment loan for Maxima, a graduate of Georgia Regents University and a landscape contractor working for over $65,000 per year

Maxima, an alumnus at Georgia Regents University and a landscape contractor in Chicago, Illinois needs a private loan to purchase a car. Maxima has instead decided to obtain an installment loan for $12,000 and is currently seeking lenders like Commerce Bank to process their request.

Maxima has a low current yearly income, but has several of prospects

Maxima has always wanted to be a hardwood floor finisher, but would need attend Georgia Regents University again to become one. Maxima has other prospects as well, including sales representative, radio & tv newscaster, and referee / umpire, which pay $56,000 through to $101,000 per year, on average. For this reason, we believe that Maxima can pay for this private loan of $98000.

Maxima’s Transunion score was altered by the private loan loan, changing to 307 from 322, which is normal in our experience.

Transunion Score: 307

Signature Loan acquired in Chicago, Illinois for $98000 with terrible credit by Maxima

Most borrowers struggle with finding signature loans in Chicago, Illinois, and Maxima is the same. Maxima went to 8 lenders or more prior to settling on Security Federal Savings and Loan Association of Chicago, who offered Maxima a signature loan for $98000. Typical signature loans simply require a client, like Maxima’s signature to get them, up to $47,000 in some cases. Maxima was able to get $98000 as a private loan, which is very high for a private loan. Because signature loans do not require collateral, they generally require higher credit, as high as 715

Paraphrased and Standardized Quote from Maxima for this private loan of $98000, provided by Security Federal Savings and Loan Association of Chicago

Hi, I am Maxima and I’m from Chicago in Illinois. Cook, county is where I grew up, and now I need a private loan in Illinois for $98000 to renovate my home. It wasn’t easy, but Security Federal Savings and Loan Association of Chicago really came through for me with this loan for 7.3% interest APR and a term of 10 years. I will repay the loan over the 10 year term, including interest. A big thanks to Security Federal Savings and Loan Association of Chicago for giving me a chance and my terrible credit. It look me 5 years to create my credit to 322, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

Before applying for this private loan, Maxima had an Experian score of 335, which is terrible, so Security Federal Savings and Loan Association of Chicago probably cannot provide Maxima a private loan

Experian Score: 335

Several previous requests for credit have been made by Maxima in the past, including one from First National Bank at Douglas in Chicago, Illinois before Maxima was approved for the $98000 by Security Federal Savings and Loan Association of Chicago

Maxima made 6 previous attempts to obtain a private loan, 2 of which were with First National Bank at Douglas, a lender in Chicago, Illinois known to specialize in private loans specifically. Before finding Security Federal Savings and Loan Association of Chicago, Maxima was desperate due to their inexperience and terrible credit score.

Conclusion of Maxima’s private loan

In the end, Maxima was able to find a private loan for $98000 with an interest rate of 10.7% interest APR from Security Federal Savings and Loan Association of Chicago in Chicago, Illinois repayable over 10 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.