Do you have over $10,000 in Debt? Get Help now.

$56000 Signature Loan In Knoxville Tennessee With Credit Score 434 For Sheila

$56000 Signature Loan – Knoxville Tennessee, Credit Score Of 434

  • Experian: 446 – The client had a bad Experian score
  • Transunion: 422 – Sheila had a bad credit rating with Transunion.
  • Equifax: Sheila’s Experian score was 434, which is a bad credit score with the Experian scale.

Previous requests on Sheila’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$114660.00 7 10.5% $1933.24 Citizens Bank November 22, 2009
$114690.00 7 6.1% $1680.96 SunTrust Bank, Chattanooga, National Association June 23, 2011
$114590.00 10 8.7% $1433.04 GreenBank February 13, 2012
$115440.00 11 9.4% $1406.38 CommunityFIRST Bank May 26, 2012
Client Profile: Sheila Renault of Knoxville, Tennessee
  • Full name (Changed if requested): Sheila Renault
  • Current Credit: loans.hit.utils.Fico@6e5e91e4
  • Current City: Knoxville
  • State: Tennessee
  • Zip code: 37927
  • Yearly income: $65,000
  • Current Job: packers and packagers
  • Current County: Knox
  • Goal Yearly Income: $107,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Fast Loans for Sheila in Knoxville, Tennessee to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Knoxville, Tennessee aren’t actually that difficult to obtain, especially if you have some finesse like Sheila. Sheila was able to find a fast loan for $56000 from First State Bank and The Farmers Bank of Lynchburg, but declined both offers in favor of their signature loan from American Trust Bank of East Tennessee. 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 7 weeks for personal loans. A big improvement if a client is on the go.

Before applying for this signature loan, Sheila had an Experian score of 446, which is bad, so American Trust Bank of East Tennessee most likely cannot provide Sheila a signature loan

Experian Score: 446

Sheila’s Overall FICO score at the time of acceptance for a signature loan, taking into account their packers and packagers job and their future career as a quality control engineer

Fico Score: 434

Multiple other requests for credit have been made by Sheila in the past, including one from Vista Federal Savings Bank in Knoxville, Tennessee before Sheila was approved for the $56000 by American Trust Bank of East Tennessee

Sheila made 9 prior attempts to obtain a signature loan, 2 of which were with Vista Federal Savings Bank, a lending institution in Knoxville, Tennessee known to specialize in signature loans specifically. Prior to finding American Trust Bank of East Tennessee, Sheila was concerned due to their inexperience and bad credit rating.

Signature Loan found in Knoxville, Tennessee for $56000 with bad credit by Sheila

A lot of borrowers struggle with finding signature loans in Knoxville, Tennessee, and Sheila is no different. Sheila went to 5 lenders or more prior to finding American Trust Bank of East Tennessee, who offered Sheila a signature loan for $56000. Typical signature loans simply need a client, like Sheila’s signature to get them, up to $28,000 in some cases. Sheila was able to get $56000 as a signature loan, which is very high for a signature loan. Because signature loans do not require a cosigner, these loans tend to require improved credit, as high as 758

Sheila was rejected by Bank of Madisonville 4 times before being approved by American Trust Bank of East Tennessee at 6771 Baum Drive

On March 5, 2013, Sheila inquired about borrowing $40,000 from The Farmers Bank of Lynchburg with Lorine, their in law from just outside Knoxville, and even with the co-signer, Sheila was rejected for this signature loan. With bad credit, it can be very hard to procure financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Sheila for this signature loan of $56000, provided by American Trust Bank of East Tennessee

Hi, I am Sheila and I am from Knoxville in Tennessee. Knox, county is where I grew up, and now I need a signature loan in Tennessee for $56000 to buy a car. It has been difficult, but American Trust Bank of East Tennessee really came through for me with this loan for 5.4% interest APR and a term of 12 years. I can probably repay the loan over the 12 year term, including interest. A big thanks to American Trust Bank of East Tennessee for trusting me and my bad credit. It look me 4 years to build my credit to 434, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.

When Sheila was 23, they attempted to obtain a student loan from 6 different banks, which damaged their credit score. Below is a chronology of Sheila’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on December 14, 2010
  • Attempt 2) Loan for $25,000.00 on July 15, 2013
  • Attempt 3) Loan for $36,000.00 on January 9, 2011
  • Attempt 4) Loan for $20,000.00 on December 21, 2011
  • Attempt 5) Loan for $32,000.00 on December 20, 2013
  • Attempt 6) Loan for $39,000.00 on January 17, 2013

Sheila’s Transunion score was changed by the signature loan loan, changing to 422 from 434, which is typical in our experience.

Transunion Score: 422

Personal Loan for a packers and packagers named Sheila in Knoxville, Tennessee to Pay Off Sister Hazel Rewards Visa Card

Sheila had a lot of credit card debt on their Sam Ash Credit Card and their Conestoga Cash Rewards American Express Card, and they were starting to get in over their heads. Despite Sheila’s job as a packers and packagers, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $32,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Sheila required a debt consolidation loan to pay for their existing signature loan and their payday loan. Sheila was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.5%.

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

Sheila has always wanted to be a quality control engineer, but would need attend Advanced College of Cosmetology again to become one. Sheila has other prospects as well, including mechanical inspector, political scientist, and legal assistant, which pay $58,000 through to $95,000 per year, at least. For this reason, we think that Sheila can afford this signature loan of $56000.

9 Months Ago, Sheila Tried Finding a High Risk Loan for $47,000.00, and it was Hard

There 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 similar lenders, which can be scary to borrowers like Sheila. Sheila decided not to get a high risk loan this time. High Risk loans are given to bad credit individuals. Borrowers with credit ratings as low as 399 can inquire for a high risk loan and possibly can be accepted.

Contact Details for American Trust Bank of East Tennessee, the provider of this signature loan

  • American Trust Bank of East Tennessee
  • City: Knoxville
  • State: Tennessee
  • Address: 6771 Baum Drive
  • County: Knox
  • Zip code: 37919

Installment loan for Sheila, a graduate of Advanced College of Cosmetology and a packers and packagers working for over $65,000 per year

Sheila, an alumnus at Advanced College of Cosmetology and a packers and packagers in Knoxville, Tennessee needs a signature loan to purchase a car. Sheila has instead decided to obtain an installment loan for $12,000 and is currently seeking lenders like CommunityFIRST Bank to provide it.

Conclusion of Sheila’s signature loan

In the end, Sheila was able to find a signature loan for $56000 with an interest rate of 9.6% interest APR from American Trust Bank of East Tennessee in Knoxville, Tennessee repayable over 12 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.