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Irish Wilton’s Unsecured Loan For 42000 Dollars In Decaturville Tennessee

$42000 Unsecured Loan – Decaturville Tennessee, Credit Score Of 634

  • Experian: 648 – The client had a good Experian rating
  • Transunion: 617 – Irish had a good credit rating with Transunion.
  • Equifax: Irish’s Experian score was 634, which is a good credit rating with the Experian rating scheme.

Previous requests on Irish’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$49560.00 6 10.2% $923.15 Citizens Bank July 3, 2010
$50210.00 5 7.4% $1003.72 SunTrust Bank, Chattanooga, National Association December 4, 2010
$49810.00 8 8.6% $719.43 GreenBank June 4, 2012
$50460.00 11 6.3% $530.87 CommunityFIRST Bank March 3, 2013
$50280.00 8 7.4% $695.55 Bank of Belfast July 24, 2013
Client Profile: Irish Wilton of Decaturville, Tennessee
  • Full name (Changed if requested): Irish Wilton
  • Current Credit: loans.hit.utils.Fico@16b3fc9e
  • Current City: Decaturville
  • State: Tennessee
  • Zip code: 38338
  • Yearly income: $68,000
  • Current Job: civil drafter
  • Current County: Decatur
  • Goal Yearly Income: $135,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Personal Loan for a civil drafter named Irish in Decaturville, Tennessee to Pay Off CoreFirst Bank & Trust Classic Visa

Irish had a tonne of credit card debt on their Members 1st FCU Visa Platinum Points Rewards Credit Card and their American Savings Bank Secured Visa Card, and they were starting to get in over their heads. Despite Irish’s job as a civil drafter, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Many past requests for credit have been made by Irish in the past, including one from East Gadsden Bank in Decaturville, Tennessee before Irish was approved for the $42000 by Decatur County Bank

Irish made 7 prior attempts to obtain an unsecured loan, 2 of which were with East Gadsden Bank, a bank in Decaturville, Tennessee known to specialize in unsecured loans specifically. Prior to finding Decatur County Bank, Irish was desperate due to their inexperience and good credit score.

Contact Details for Decatur County Bank, the provider of this unsecured loan

  • Decatur County Bank
  • City: Decaturville
  • State: Tennessee
  • Address: 56 N. Pleasant St.
  • County: Decatur
  • Zip code: 38329

Installment loan for Irish, a graduate of The University Hospital in Birmingham and a civil drafter working for over $77,000 per year

Irish, an alumnus at The University Hospital in Birmingham and a civil drafter in Decaturville, Tennessee wants an unsecured loan to purchase a new cell phone. Irish has instead chosen to get an installment loan for $9,000 and is currently seeking lenders like The Bank of Goodlettsville to provide it.

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

Fast loans in Decaturville, Tennessee aren’t actually that difficult to obtain, especially if you have some gumption like Irish. Irish was able to find a fast loan for $42000 from DeKalb County Bank & Trust Company and GreenBank, but turned down both offers in favor of their unsecured loan from Decatur County Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big difference if you are in a pinch.

7 Months Ago, Irish Attempted to Find a High Risk Loan for $39,000.00, and it was Easy

There is an well known struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Irish. Irish chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Individuals with credit scores as low as 433 can apply for a high risk loan and may be be approved.

When Irish was 20, they attempted to obtain a student loan from 5 alternate lenders, which harmed their credit rating. Below is a list of Irish’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on June 10, 2011
  • Attempt 2) Loan for $33,000.00 on June 14, 2011
  • Attempt 3) Loan for $21,000.00 on December 8, 2008
  • Attempt 4) Loan for $29,000.00 on December 24, 2012
  • Attempt 5) Loan for $20,000.00 on December 4, 2011

Irish was rejected by First State Bank 6 times prior to being accepted by Decatur County Bank at 56 N. Pleasant St.

On July 24, 2010, Irish inquired about borrowing $3,000 from Farmers Bank with Cecila, their friend from just outside Decaturville, and even with the co-signer, Irish was rejected for this unsecured loan. With good credit, it can be difficult to procure funding, even with collateral and a co-signer.

Before applying for this unsecured loan, Irish had an Experian score of 648, which is good, so Decatur County Bank likely cannot provide Irish an unsecured loan

Experian Score: 648

Paraphrased and Standardized Quote from Irish for this unsecured loan of $42000, provided by Decatur County Bank

Hi, I am Irish and I’m from Decaturville in Tennessee. Decatur, county is where I grew up, and now I need a unsecured loan in Tennessee for $42000 to buy a car. It has been difficult, but Decatur County Bank really came through for me with this loan for 10.5% interest APR and a term of 9 years. I can probably repay the loan over the 9 year term, including interest. A big thanks to Decatur County Bank for trusting me and my good credit. It look me 4 years to build my credit to 634, and I won’t tarnish it any more. I am pleased with Find Texas Loans for assisting me this far.

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

Irish has always wanted to be a retail store manager, but would need attend The University Hospital in Birmingham again to achieve it. Irish has other prospects as well, including printmaker, correction officer, and athletic director, which pay $55,000 through to $105,000 per year, on average. For this reason, we believe that Irish can afford this unsecured loan of $42000.

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

Most debt consolidation loans range from $27,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Irish needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Irish was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.3%.

Irish’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their civil drafter job and their future career as a retail store manager

Fico Score: 634

Signature Loan easily acquired in Decaturville, Tennessee for $42000 with good credit by Irish

A lot of clients have difficulty with obtaining signature loans in Decaturville, Tennessee, and Irish is no different. Irish went to 8 lending institutions or more prior to finding Decatur County Bank, who offered Irish a signature loan for $42000. Typical signature loans simply need a client, like Irish’s signature to obtain them, up to $27,000 in some cases. Irish was able to get $42000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t need collateral, these loans tend to require better credit, as high as 707

Irish’s Transunion score was changed by the unsecured loan loan, changing to 617 from 634, which is typical in our experience.

Transunion Score: 617

Conclusion of Irish’s unsecured loan

In the end, Irish was able to find an unsecured loan for $42000 with an interest rate of 7.1% interest APR from Decatur County Bank in Decaturville, Tennessee repayable over 9 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.