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

Bibi Lejenne’s Secured Loan For 33000 Dollars In Grand Rapids Michigan

$33000 Secured Loan – Grand Rapids Michigan, Credit Score Of 560

  • Experian: 574 – This individual had a fair Experian score
  • Transunion: 541 – Bibi had a fair credit rating with Transunion.
  • Equifax: Bibi’s Experian score was 560, which is a fair credit score on the Experian system.

Before applying for this secured loan, Bibi had an Experian score of 574, which is fair, so Independent Bank-West Michigan probably can provide Bibi a secured loan

Experian Score: 574

Paraphrased and Standardized Quote from Bibi for this secured loan of $33000, provided by Independent Bank-West Michigan

Hello, I am Bibi and I am from Grand Rapids in Michigan. Kent, county is where I grew up, and now I need a secured loan in Michigan for $33000 to buy a big ticket item. It has been difficult, but Independent Bank-West Michigan really came through for me with this loan for 7.4% interest APR and a term of 9 years. I will repay the loan over the 9 year term, including interest. A big thanks to Independent Bank-West Michigan for giving me a chance and my fair credit. It look me 8 years to create my credit to 560, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

Bibi’s Overall FICO score at the time of acceptance for a secured loan, taking into account their plant manager job and their future job as a customs inspector

Fico Score: 560

Signature Loan found in Grand Rapids, Michigan for $33000 with fair credit by Bibi

A lot of prospective borrowers struggle with obtaining signature loans in Grand Rapids, Michigan, and Bibi is not an exception. Bibi went to 5 lenders or more before settling on Independent Bank-West Michigan, who offered Bibi a signature loan for $33000. Typical signature loans simply require a client, like Bibi’s signature to get them, up to $40,000 in some cases. Bibi was able to get $33000 as a secured loan, which is very high for a secured loan. Because signature loans don’t need a cosigner, these loans generally need higher credit, as high as 788

Personal Loan for a plant manager named Bibi in Grand Rapids, Michigan to Pay Off Victoria’s Secret Angel Credit Card

Bibi had a tonne of credit card debt on their WSFS Bank Student Visa and their WalMart Business Card, and they were starting to get in over their heads. Despite Bibi’s job as a plant manager, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Bibi was 23, they tried to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a chronology of Bibi’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on May 31, 2011
  • Attempt 2) Loan for $36,000.00 on February 27, 2010
  • Attempt 3) Loan for $24,000.00 on May 22, 2012
  • Attempt 4) Loan for $25,000.00 on January 13, 2010
  • Attempt 5) Loan for $34,000.00 on July 28, 2013
  • Attempt 6) Loan for $22,000.00 on June 6, 2009

Bibi was declined by Bank of Lenawee 7 times prior to being accepted by Independent Bank-West Michigan at 4200 East Beltline Avenue

On November 7, 2010, Bibi inquired about borrowing $1,000 from Old Kent Bank of Grand Haven with Agustin, their in law from just outside Grand Rapids, and even with the co-signer, Bibi was rejected for this secured loan. With fair credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Fast Loans for Bibi in Grand Rapids, Michigan to prevent bankruptcy or harm from debt collectors.

Fast loans in Grand Rapids, Michigan aren’t actually that difficult to obtain, especially if you have some gumption like Bibi. Bibi was able to find a fast loan for $33000 from Blissfield State Bank and Old Kent Bank of Hillsdale, but declined both offers in favor of their secured loan from Independent Bank-West Michigan. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big improvement if a borrower is on the go.

Bibi has a disappointing current yearly income, but has a high number of prospects

Bibi has always wanted to be a customs inspector, but would need attend Aurora University again to achieve it. Bibi has other prospects as well, including speech pathologist, boat builder, and sales representatives, which pay $53,000 through to $95,000 per year, at least. For this reason, we believe that Bibi can pay for this secured loan of $33000.

Several other requests for credit have been made by Bibi in the past, including one from Northway National Bank in Grand Rapids, Michigan before Bibi was approved for the $33000 by Independent Bank-West Michigan

Bibi made 5 previous tries to obtain a secured loan, 2 of which were with Northway National Bank, a lending institution in Grand Rapids, Michigan known to specialize in secured loans specifically. Before finding Independent Bank-West Michigan, Bibi was very concerned due to their inexperience and fair credit score.

Contact Details for Independent Bank-West Michigan, the provider of this secured loan

  • Independent Bank-West Michigan
  • City: Grand Rapids
  • State: Michigan
  • Address: 4200 East Beltline Avenue
  • County: Kent
  • Zip code: 49525

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $23,000.00 to $45,000.00. They are mainly used to pay off existing high interest loans like credit cards. Bibi required a debt consolidation loan to pay for their existing secured loan and their credit card. Bibi was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.2%.

7 Months in the Past, Bibi Attempted Finding a High Risk Loan for $21,000.00, and it was Easy

There is an ongoing struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Bibi. Bibi decided not to get a high risk loan this time. High Risk loans are given to very low credit applicants. Clients with credit ratings as low as 351 can apply for a high risk loan and possibly can be approved.

Installment loan for Bibi, a graduate of Aurora University and a plant manager working for over $65,000 per year

Bibi, an alumnus at Aurora University and a plant manager in Grand Rapids, Michigan wants a secured loan to purchase a car. Bibi has instead chosen to get an installment loan for $2,000 and is currently seeking lenders like First of America Bank – Alpena to provide it.

Client Profile: Bibi Lejenne of Grand Rapids, Michigan
  • Full name (Changed if requested): Bibi Lejenne
  • Current Credit: loans.hit.utils.Fico@14514713
  • Current City: Grand Rapids
  • State: Michigan
  • Zip code: 49531
  • Yearly income: $58,000
  • Current Job: plant manager
  • Current County: Kent
  • Goal Yearly Income: $144,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Previous requests on Bibi’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$145210.00 5 10.4% $3113.94 Society Bank, Lenawee February 15, 2013
$145470.00 5 9.6% $3062.25 Bank of Lenawee January 24, 2014
$144730.00 8 11.3% $2296.97 First of America Bank – Alpena August 22, 2014
$145290.00 9 6.2% $1758.72 NBD Ann Arbor, National Association October 7, 2014

Bibi’s Transunion score was altered by the secured loan loan, changing to 541 from 560, which is typical in our experience.

Transunion Score: 541

Conclusion of Bibi’s secured loan

In the end, Bibi was able to find a secured loan for $33000 with an interest rate of 5.1% interest APR from Independent Bank-West Michigan in Grand Rapids, Michigan repayable over 9 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.

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.