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$141000 Secured Loan With Fair Credit In Chapin Illinois

$141000 Secured Loan – Chapin Illinois, Credit Rating Of 576

  • Experian: 589 – The client had a fair Experian score
  • Transunion: 562 – Kathryne had a fair credit score with Transunion.
  • Equifax: Kathryne’s Experian score was 576, which is a fair credit score with the Experian scale.

Multiple past requests for credit have been made by Kathryne in the past, including one from Enterprise National Bank of Sarasota in Chapin, Illinois before Kathryne was approved for the $141000 by Chapin State Bank

Kathryne made 8 previous attempts to obtain a secured loan, 2 of which were with Enterprise National Bank of Sarasota, a bank in Chapin, Illinois known to specialize in secured loans specifically. Before finding Chapin State Bank, Kathryne was desperate due to their inexperience and fair credit score.

9 Months in the Past, Kathryne Tried to Find a High Risk Loan for $49,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to get 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 Kathryne. Kathryne decided not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Individuals with credit scores as low as 301 can inquire for a high risk loan and have a chance to be accepted.

Kathryne has a sad current gross income, but has a large amount of prospects

Kathryne has always wanted to be a land surveyor, but would need attend Webster University again to become one. Kathryne has other prospects as well, including food technologist, recreation leader, and student affairs administrator, which pay $50,000 through to $97,000 per year, at least. For this reason, we think that Kathryne can pay for this secured loan of $141000.

Signature Loan acquired in Chapin, Illinois for $141000 with fair credit by Kathryne

A lot of clients struggle with finding signature loans in Chapin, Illinois, and Kathryne is no different. Kathryne went to 6 lenders or more before finding Chapin State Bank, who offered Kathryne a signature loan for $141000. Typical signature loans simply require a client, like Kathryne’s signature to get them, up to $31,000 in some cases. Kathryne was able to get $141000 as a secured loan, which is very high for a secured loan. Because signature loans don’t require a cosigner, they tend to require higher credit, as high as 751

Installment loan for Kathryne, a graduate of Webster University and a dental hygienist working for over $75,000 per year

Kathryne, an alumnus at Webster University and a dental hygienist in Chapin, Illinois wants a secured loan to purchase something frivolous. Kathryne has instead decided to get an installment loan for $27,000 and is currently seeking lenders like Old Kent Bank to process their request.

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $24,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Kathryne needed a debt consolidation loan to pay for their existing secured loan and their credit card. Kathryne was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.2%.

Kathryne’s Overall FICO score at the time of acceptance for a secured loan, taking into account their dental hygienist job and their future career as a land surveyor

Fico Score: 576

Contact Details for Chapin State Bank, the provider of this secured loan

  • Chapin State Bank
  • City: Chapin
  • State: Illinois
  • Address: 510 Superior Street
  • County: Morgan
  • Zip code: 62628

Previous requests on Kathryne’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$79220.00 6 11.5% $1528.25 The Gerber State Bank September 3, 2009
$78890.00 8 6.8% $1067.73 The Belvidere National Bank and Trust Company March 10, 2010
$79390.00 5 10.2% $1694.63 Commerce Bank April 21, 2011
$78680.00 3 6.8% $2422.22 Byron Bank July 14, 2014
$78840.00 8 8.4% $1130.63 Amalgamated Bank of Chicago November 18, 2014

Kathryne was declined by Drexel National Bank 4 times prior to being approved by Chapin State Bank at 510 Superior Street

On January 6, 2011, Kathryne inquired about borrowing $28,000 from Uptown National Bank of Chicago with Margie, their friend from just outside Chapin, and even with the co-signer, Kathryne was rejected for this secured loan. With fair credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Fast Loans for Kathryne in Chapin, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in Chapin, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Kathryne. Kathryne was able to find a fast loan for $141000 from NBD Bank Evanston, National Association and LaSalle Bank NI, but declined both offers in favor of their secured loan from Chapin State Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement in the case that you are in a pinch.

When Kathryne was 23, they tried to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a chronology of Kathryne’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on December 26, 2008
  • Attempt 2) Loan for $22,000.00 on December 2, 2013
  • Attempt 3) Loan for $27,000.00 on May 13, 2011
  • Attempt 4) Loan for $22,000.00 on October 28, 2011
  • Attempt 5) Loan for $36,000.00 on March 17, 2011
  • Attempt 6) Loan for $28,000.00 on April 11, 2009
  • Attempt 7) Loan for $32,000.00 on September 23, 2010

Kathryne’s Transunion score was altered by the secured loan loan, changing to 562 from 576, which is typical in our experience.

Transunion Score: 562

Client Profile: Kathryne Pedulla of Chapin, Illinois
  • Full name (Changed if requested): Kathryne Pedulla
  • Current Credit: loans.hit.utils.Fico@23ab930d
  • Current City: Chapin
  • State: Illinois
  • Zip code: 62630
  • Yearly income: $47,000
  • Current Job: dental hygienist
  • Current County: Morgan
  • Goal Yearly Income: $134,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Before applying for this secured loan, Kathryne had an Experian score of 589, which is fair, so Chapin State Bank likely cannot provide Kathryne a secured loan

Experian Score: 589

Personal Loan for a dental hygienist named Kathryne in Chapin, Illinois to Pay Off The Linux Foundation Visa Card

Kathryne had a tonne of credit card debt on their Bank of Akron Visa Business and their Vision Preferred Visa Prepaid Card, and they were starting to get in over their heads. Despite Kathryne’s job as a dental hygienist, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Kathryne for this secured loan of $141000, provided by Chapin State Bank

Hello, I am Kathryne and my hometown is Chapin in Illinois. Morgan, county is where I grew up, and now I need a secured loan in Illinois for $141000 to avoid bankruptcy. It wasn’t easy, but Chapin State Bank really came through for me with this loan for 11.1% interest APR and a term of 11 years. I will repay the loan over the 11 year term, including interest. A big thanks to Chapin State Bank for trusting me and my fair credit. It look me 7 years to create my credit to 576, and I won’t tarnish it any more. I am pleased with Find Texas Loans for assisting me this far.

Conclusion of Kathryne’s secured loan

In the end, Kathryne was able to find a secured loan for $141000 with an interest rate of 8.5% interest APR from Chapin State Bank in Chapin, Illinois repayable over 11 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.