$128000 Student Loan – Mascoutah Illinois, Credit Score Of 629
- Experian: 644 – This client had a good Experian rating
- Transunion: 617 – Betty had a good credit rating with Transunion.
- Equifax: Betty’s Experian score was 629, which is a good credit rating using the Experian rating scheme.
Before applying for this student loan, Betty had an Experian score of 644, which is good, so First FSB of Mascoutah likely cannot provide Betty a student loan
6 Months in the Past, Betty Attempted Finding a High Risk Loan for $24,000.00, and it was Hard
It is an well known struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Betty. Betty decided not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Clients with credit scores as low as 538 can apply for a high risk loan and possibly can be accepted.
Signature Loan easily acquired in Mascoutah, Illinois for $128000 with good credit by Betty
A lot of clients have difficulty with finding signature loans in Mascoutah, Illinois, and Betty is not an exception. Betty went to 8 lending institutions or more prior to finding First FSB of Mascoutah, who offered Betty a signature loan for $128000. Most signature loans simply require a client, like Betty’s signature to obtain them, up to $43,000 in some cases. Betty was able to get $128000 as a student loan, which is very high for a student loan. Since signature loans don’t require collateral, these loans tend to need better credit, as high as 737
When Betty was 20, they tried to obtain a student loan from 6 alternate banks, which damaged their credit rating. Below is a chronology of Betty’s previous attempts at finding a student loan:
- Attempt 1) Loan for $23,000.00 on April 6, 2009
- Attempt 2) Loan for $21,000.00 on October 15, 2010
- Attempt 3) Loan for $20,000.00 on January 4, 2011
- Attempt 4) Loan for $23,000.00 on June 27, 2013
- Attempt 5) Loan for $35,000.00 on March 23, 2011
- Attempt 6) Loan for $34,000.00 on May 28, 2010
Betty was declined by Central National Bank of Mattoon 6 times before being accepted by First FSB of Mascoutah at 101 West Main St
On September 15, 2010, Betty inquired about borrowing $20,000 from Commerce Bank of Woodford County, National Association with Hester, their friend from just outside Mascoutah, and even with the co-signer, Betty was rejected for this student loan. With good credit, it can be difficult to procure financing, even with collateral and a co-signer.
Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Average debt consolidation loans range from $28,000.00 to $57,000.00. They are normally used to pay off existing high interest loans like credit cards. Betty needed a debt consolidation loan to pay for their existing student loan and their credit card. Betty was able to find a student loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.7%.
Fast Loans for Betty in Mascoutah, Illinois to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Mascoutah, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Betty. Betty was able to find a fast loan for $128000 from State Bank of Niantic and State Bank of Niantic, but declined both offers in favor of their student loan from First FSB of Mascoutah. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. Much better in the case that you are in a pinch.
Betty’s Overall FICO score at the time of acceptance for a student loan, taking into account their postal service mail sorter job and their future career as an occupational therapist
Betty has a disappointing current gross income, but has several of prospects
Betty has always wanted to be an occupational therapist, but would have to attend Kansas City VA Medical Center again to achieve it. Betty has other possibilities as well, including fishery worker supervisor, sports agent, and architecture professor, which pay $57,000 through to $98,000 per year, on average. For this reason, we think that Betty can pay for this student loan of $128000.
Previous requests on Betty’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$111330.00||10||10.4%||$1496.0||The Gerber State Bank||November 23, 2008|
|$110900.00||10||6.5%||$1259.25||The Belvidere National Bank and Trust Company||May 14, 2010|
|$110900.00||11||10.6%||$1426.37||Commerce Bank||December 22, 2011|
|$111280.00||5||9.6%||$2342.53||Byron Bank||April 13, 2012|
|$111480.00||4||11.3%||$2897.53||Amalgamated Bank of Chicago||April 4, 2013|
Paraphrased and Standardized Quote from Betty for this student loan of $128000, provided by First FSB of Mascoutah
Hello, I am Betty and I am from Mascoutah in Illinois. St. Clair, county is where I grew up, and now I need a student loan in Illinois for $128000 to buy a big ticket item. It has been difficult, but First FSB of Mascoutah really came through for me with this loan for 8.4% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to First FSB of Mascoutah for giving me a chance and my good credit. It look me 4 years to build my credit to 629, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.
Contact Details for First FSB of Mascoutah, the provider of this student loan
- First FSB of Mascoutah
- City: Mascoutah
- State: Illinois
- Address: 101 West Main St
- County: St. Clair
- Zip code: 62258
- Full name (Changed if requested): Betty Hilu
- Current Credit: loans.hit.utils.Fico@28c97a5
- Current City: Mascoutah
- State: Illinois
- Zip code: 62264
- Yearly income: $55,000
- Current Job: postal service mail sorter
- Current County: St. Clair
- Goal Yearly Income: $128,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Installment loan for Betty, a graduate of Kansas City VA Medical Center and a postal service mail sorter working for over $62,000 per year
Betty, an alumnus at Kansas City VA Medical Center and a postal service mail sorter in Mascoutah, Illinois wants a student loan to purchase a house. Betty has instead chosen to get an installment loan for $7,000 and is at present seeking lenders like Upper Avenue Bank to provide it.
Betty’s Transunion score was changed by the student loan loan, changing to 617 from 629, which is typical in our experience.
Multiple other requests for credit have been made by Betty in the past, including one from The First National Bank of Villa Grove in Mascoutah, Illinois before Betty was approved for the $128000 by First FSB of Mascoutah
Betty made 4 previous attempts to obtain a student loan, 2 of which were with The First National Bank of Villa Grove, a lender in Mascoutah, Illinois known to specialize in student loans specifically. Prior to finding First FSB of Mascoutah, Betty was concerned due to their inexperience and good credit score.
Personal Loan for a postal service mail sorter named Betty in Mascoutah, Illinois to Pay Off Fifth Third Secured Card
Betty had a tonne of credit card debt on their First Bank & Trust Business Visa Card FirstBank Business Visa Credit Card and their Sister Hazel Rewards Visa Card, and they were starting to get in over their heads. Despite Betty’s job as a postal service mail sorter, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Conclusion of Betty’s student loan
In the end, Betty was able to find a student loan for $128000 with an interest rate of 5.8% interest APR from First FSB of Mascoutah in Mascoutah, Illinois repayable over 3 years from today.