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Billi Lepri’s Student Loan For 8000 Dollars In Richmond Missouri

$8000 Student Loan – Richmond Missouri, Credit Score Of 570

  • Experian: 582 – This client had a fair Experian score
  • Transunion: 558 – Billi had a fair credit score with Transunion.
  • Equifax: Billi’s Experian score was 570, which is a fair credit rating with the Experian system.

Multiple past requests for credit have been made by Billi in the past, including one from Wachovia Card Services, National Association in Richmond, Missouri before Billi was approved for the $8000 by Mercantile Bank of Missouri Valley

Billi made 4 previous tries to obtain a student loan, 2 of which were with Wachovia Card Services, National Association, a lending institution in Richmond, Missouri known to specialize in student loans specifically. Prior to finding Mercantile Bank of Missouri Valley, Billi was desperate due to their inexperience and fair credit rating.

Paraphrased and Standardized Quote from Billi for this student loan of $8000, provided by Mercantile Bank of Missouri Valley

Hi, I am Billi and I’m from Richmond in Missouri. Ray, county is where I grew up, and now I need a student loan in Missouri for $8000 to buy a car. It wasn’t easy, but Mercantile Bank of Missouri Valley really came through for me with this loan for 8.3% interest APR and a term of 17 years. I can probably repay the loan over the 17 year term, including interest. A big thanks to Mercantile Bank of Missouri Valley for trusting me and my fair credit. It look me 5 years to build my credit to 570, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Installment loan for Billi, a graduate of Towson University and an aircraft cargo handling supervisor working for over $76,000 per year

Billi, an alumnus at Towson University and an aircraft cargo handling supervisor in Richmond, Missouri needs a student loan to purchase something frivolous. Billi has instead decided to obtain an installment loan for $18,000 and is at present seeking lenders like Mercantile Bank National Association to process their request.

Billi has a disappointing current total income, but has several of prospects

Billi has always wanted to be an agricultural equipment operator, but would need attend Towson University again to become one. Billi has other prospects as well, including psychiatric technician, directory assistance operator, and manual arts therapist, which pay $59,000 through to $108,000 per year, on average. For this reason, we think that Billi can pay for this student loan of $8000.

Personal Loan for an aircraft cargo handling supervisor named Billi in Richmond, Missouri to Pay Off Berkshire Municipal Bank Visa Platinum Card

Billi had a lot of credit card debt on their RBC Shoppers Optimum MasterCard and their American Photo Visa Card, and they were starting to get in over their heads. Despite Billi’s job as an aircraft cargo handling supervisor, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

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

Most debt consolidation loans range from $26,000.00 to $54,000.00. They are normally used to pay off existing high interest loans like credit cards. Billi required a debt consolidation loan to pay for their existing student loan and their credit card. Billi was able to find a student loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.8%.

Contact Details for Mercantile Bank of Missouri Valley, the provider of this student loan

  • Mercantile Bank of Missouri Valley
  • City: Richmond
  • State: Missouri
  • Address: 100 East North Main Street
  • County: Ray
  • Zip code: 64085

Billi’s Overall FICO score at the time of acceptance for a student loan, taking into account their aircraft cargo handling supervisor job and their future job as an agricultural equipment operator

Fico Score: 570

Before applying for this student loan, Billi had an Experian score of 582, which is fair, so Mercantile Bank of Missouri Valley probably cannot provide Billi a student loan

Experian Score: 582

Client Profile: Billi Lepri of Richmond, Missouri
  • Full name (Changed if requested): Billi Lepri
  • Current Credit: loans.hit.utils.Fico@4361bd48
  • Current City: Richmond
  • State: Missouri
  • Zip code: 64089
  • Yearly income: $58,000
  • Current Job: aircraft cargo handling supervisor
  • Current County: Ray
  • Goal Yearly Income: $87,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Billi’s Transunion score was altered by the student loan loan, changing to 558 from 570, which is typical in our experience.

Transunion Score: 558

7 Months in the Past, Billi Tried Finding a High Risk Loan for $22,000.00, and it was Hard

There is an well known struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Billi. Billi decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Borrowers with credit ratings as low as 484 can apply for a high risk loan and may be be approved.

Fast Loans for Billi in Richmond, Missouri to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Richmond, Missouri aren’t actually that difficult to obtain, especially if you have some gumption like Billi. Billi was able to find a fast loan for $8000 from Commerce Bank of Moberly, National Association and Camden County Bank, but turned down both offers in favor of their student loan from Mercantile Bank of Missouri Valley. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better in the case that you are in a pinch.

Previous requests on Billi’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$21650.00 11 6.8% $233.38 Camden County Bank December 31, 2012
$22420.00 6 11.5% $432.51 Glasgow Savings Bank June 27, 2014
$22470.00 7 5.8% $326.1 Central Bank August 2, 2014
$21790.00 10 7.1% $254.12 Midwest BankCentre December 12, 2014

When Billi was 19, they attempted to obtain a student loan from 4 alternate lenders, which damaged their credit rating. Below is a chronology of Billi’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $35,000.00 on October 18, 2011
  • Attempt 2) Loan for $20,000.00 on March 3, 2011
  • Attempt 3) Loan for $33,000.00 on October 22, 2010
  • Attempt 4) Loan for $20,000.00 on March 2, 2009

Signature Loan found in Richmond, Missouri for $8000 with fair credit by Billi

Many clients struggle with finding signature loans in Richmond, Missouri, and Billi is the same. Billi went to 6 lending institutions or more prior to settling on Mercantile Bank of Missouri Valley, who offered Billi a signature loan for $8000. Most signature loans simply require a client, like Billi’s signature to get them, up to $36,000 in some cases. Billi was able to get $8000 as a student loan, which is very high for a student loan. Since signature loans do not require a cosigner, these loans tend to require improved credit, as high as 749

Billi was declined by Commerce Bank of St. Louis, National Association 7 times before being approved by Mercantile Bank of Missouri Valley at 100 East North Main Street

On April 9, 2012, Billi inquired about borrowing $3,000 from Commerce Bank of St. Louis, National Association with Evie, their friend from just outside Richmond, and even with the co-signer, Billi was rejected for this student loan. With fair credit, it can be difficult to procure funding, even with collateral and a co-signer.

Conclusion of Billi’s student loan

In the end, Billi was able to find a student loan for $8000 with an interest rate of 11.8% interest APR from Mercantile Bank of Missouri Valley in Richmond, Missouri repayable over 17 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.