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22 Month, Variable Interest Private Loan For Guy In Kentucky

$10000 Private Loan – Russell Kentucky, Credit Score Of 430

  • Experian: 447 – This client had a bad Experian rating
  • Transunion: 416 – Guy had a bad credit score with Transunion.
  • Equifax: Guy’s Experian score was 430, which is a bad credit rating with the Experian scale.

Personal Loan for a construction manager named Guy in Russell, Kentucky to Pay Off Popular Community Bank SET MasterCard

Guy had a lot of credit card debt on their USAA Rate Advantage Platinum MasterCard and their PNC Bank points Visa Credit Card, and they were starting to get in over their heads. Despite Guy’s job as a construction manager, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

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

Most debt consolidation loans vary from $24,000.00 to $57,000.00. They are typically used to pay off existing high interest loans like credit cards. Guy required a debt consolidation loan to pay for their existing private loan and their payday loan. Guy was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.2%.

Many past requests for credit have been made by Guy in the past, including one from First National Bank of Port Orchard in Russell, Kentucky before Guy was approved for the $10000 by Russell Federal Savings Bank

Guy made 5 previous attempts to obtain a private loan, 2 of which were with First National Bank of Port Orchard, a lending institution in Russell, Kentucky known to specialize in private loans specifically. Before finding Russell Federal Savings Bank, Guy was concerned due to their inexperience and bad credit rating.

Guy was declined by The First State Bank and Trust Company of Manchester, Kentucky 7 times before being approved by Russell Federal Savings Bank at 404 Ferry St

On September 12, 2010, Guy inquired about borrowing $12,000 from Farmers Deposit Bank with Evangelina, their in law from just outside Russell, and even with the co-signer, Guy was rejected for this private loan. With bad credit, it can be very hard to obtain financing, even with collateral and a co-signer.

When Guy was 19, they tried to obtain a student loan from 5 different banks, which damaged their credit rating. Below is a list of Guy’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on April 2, 2010
  • Attempt 2) Loan for $35,000.00 on December 17, 2008
  • Attempt 3) Loan for $21,000.00 on February 26, 2014
  • Attempt 4) Loan for $35,000.00 on October 30, 2011
  • Attempt 5) Loan for $29,000.00 on July 24, 2010

Paraphrased and Standardized Quote from Guy for this private loan of $10000, provided by Russell Federal Savings Bank

Hello, I am Guy and I’m from Russell in Kentucky. Greenup, county is where I grew up, and now I need a private loan in Kentucky for $10000 to renovate my home. It wasn’t easy, but Russell Federal Savings Bank really came through for me with this loan for 10.1% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to Russell Federal Savings Bank for trusting me and my bad credit. It look me 5 years to build my credit to 430, and I won’t tarnish it any more. I am happy with Find Texas Loans for assisting me this far.

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

Guy has always wanted to be a security guard, but would have to attend Delta College of Arts & Technology again to become one. Guy has other prospects as well, including veterinarian technician, bus driver, and farm products purchasing agent, which pay $52,000 through to $93,000 per year, at least. Because of this, we think that Guy can afford this private loan of $10000.

Guy’s Transunion score was changed by the private loan loan, changing to 416 from 430, which is typical in our experience.

Transunion Score: 416

Installment loan for Guy, a graduate of Delta College of Arts & Technology and a construction manager working for over $71,000 per year

Guy, an alumnus at Delta College of Arts & Technology and a construction manager in Russell, Kentucky needs a private loan to purchase a car. Guy has instead chosen to obtain an installment loan for $10,000 and is at present seeking lenders like Citizens Deposit Bank to process their request.

Signature Loan easily acquired in Russell, Kentucky for $10000 with bad credit by Guy

Most clients struggle with obtaining signature loans in Russell, Kentucky, and Guy is no exception. Guy went to 6 lending institutions or more prior to settling on Russell Federal Savings Bank, who offered Guy a signature loan for $10000. Typical signature loans simply require a client, like Guy’s signature to obtain them, up to $41,000 in some cases. Guy was able to get $10000 as a private loan, which is very high for a private loan. Since signature loans don’t need a cosigner, these loans generally require improved credit, as high as 799

Guy’s Overall FICO score at the time of acceptance for a private loan, taking into account their construction manager job and their future career as a security guard

Fico Score: 430

Before applying for this private loan, Guy had an Experian score of 447, which is bad, so Russell Federal Savings Bank likely cannot provide Guy a private loan

Experian Score: 447

Client Profile: Guy Bisom of Russell, Kentucky
  • Full name (Changed if requested): Guy Bisom
  • Current Credit: loans.hit.utils.Fico@238e0d81
  • Current City: Russell
  • State: Kentucky
  • Zip code: 41171
  • Yearly income: $37,000
  • Current Job: construction manager
  • Current County: Greenup
  • Goal Yearly Income: $94,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Fast Loans for Guy in Russell, Kentucky to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Russell, Kentucky aren’t actually that difficult to obtain, especially if you have some finesse like Guy. Guy was able to find a fast loan for $10000 from Stock Yards Bank & Trust Company and Ascencia Bank, but turned down both offers in favor of their private loan from Russell Federal Savings Bank. 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 5 weeks for debt consolidation loans. A big improvement if a borrower is in a pinch.

9 Months Ago, Guy Tried Finding a High Risk Loan for $21,000.00, and it was Easy

There is an existing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Guy. Guy chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Clients with credit ratings as low as 523 can apply for a high risk loan and have a chance to be accepted.

Contact Details for Russell Federal Savings Bank, the provider of this private loan

  • Russell Federal Savings Bank
  • City: Russell
  • State: Kentucky
  • Address: 404 Ferry St
  • County: Greenup
  • Zip code: 41169

Previous requests on Guy’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$147480.00 4 8.5% $3635.13 Stock Yards Bank & Trust Company February 26, 2013
$147420.00 11 6.4% $1558.54 Farmers Deposit Bank of Brandenburg June 15, 2014
$147160.00 7 7.4% $2249.92 Citizens Bank March 23, 2015
$147370.00 4 10.6% $3780.29 Citizens Bank & Trust Company, Burgin, Kentucky May 7, 2015
$146840.00 3 11.5% $4842.2 Farmers National Bank May 22, 2015

Conclusion of Guy’s private loan

In the end, Guy was able to find a private loan for $10000 with an interest rate of 11.4% interest APR from Russell Federal Savings Bank in Russell, Kentucky repayable over 22 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.