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10 Month, Fixed Interest Student Loan For Wan In Missouri

$148000 Student Loan – Miller Missouri, Credit Rating Of 327

  • Experian: 342 – This client had a terrible Experian score
  • Transunion: 314 – Wan had a terrible credit score with Transunion.
  • Equifax: Wan’s Experian score was 327, which is a terrible credit rating on the Experian rating scheme.

Wan’s Transunion score was changed by the student loan loan, changing to 314 from 327, which is normal in our experience.

Transunion Score: 314

Fast Loans for Wan in Miller, Missouri to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Miller, Missouri aren’t actually that difficult to obtain, especially if you have some gumption like Wan. Wan was able to find a fast loan for $148000 from Commerce Bank of St. Louis, National Association and Midwest BankCentre, but declined both offers in favor of their student loan from Mercantile Bank of Miller. 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 5 weeks for installment loans. Much better if you are in a time sensitive situation.

Previous requests on Wan’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$111360.00 3 7.1% $3443.57 Camden County Bank January 24, 2013
$111170.00 4 8.6% $2745.4 Glasgow Savings Bank July 7, 2013
$111360.00 9 10.2% $1579.89 Central Bank October 24, 2013
$110900.00 11 6.7% $1189.68 Midwest BankCentre March 27, 2014

When Wan was 24, they tried to obtain a student loan from 5 alternate lenders, which harmed their credit score. Below is a list of Wan’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on February 2, 2012
  • Attempt 2) Loan for $30,000.00 on July 14, 2012
  • Attempt 3) Loan for $35,000.00 on July 6, 2010
  • Attempt 4) Loan for $20,000.00 on October 29, 2009
  • Attempt 5) Loan for $35,000.00 on November 15, 2009

Wan has a very low current gross income, but has a large amount of prospects

Wan has always wanted to be a forestry and conservation professor, but would need attend McKendree University again to become one. Wan has other possibilities as well, including pediatric dentist, sports events business manager, and aquaculturist, which pay $51,000 through to $105,000 per year, at least. Because of this, we believe that Wan can pay for this student loan of $148000.

Personal Loan for an elevator mechanic named Wan in Miller, Missouri to Pay Off Rainbow Card Credit Card

Wan had a tonne of credit card debt on their Bank of Edwardsville Credit Cards and their American Express Corporate Card, and they were starting to get in over their heads. Despite Wan’s job as an elevator mechanic, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Many past requests for credit have been made by Wan in the past, including one from Community First National Bank in Miller, Missouri before Wan was accepted for the $148000 by Mercantile Bank of Miller

Wan made 6 prior attempts to obtain a student loan, 2 of which were with Community First National Bank, a bank in Miller, Missouri known to specialize in student loans specifically. Before finding Mercantile Bank of Miller, Wan was desperate due to their inexperience and terrible credit rating.

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

  • Mercantile Bank of Miller
  • City: Miller
  • State: Missouri
  • Address: 375 Main Street
  • County: Lawrence
  • Zip code: 65707

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

Most debt consolidation loans vary from $24,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Wan needed a debt consolidation loan to pay for their existing student loan and their loan shark loan. Wan was able to find a student loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.6%.

Paraphrased and Standardized Quote from Wan for this student loan of $148000, provided by Mercantile Bank of Miller

Hello, I am Wan and I’m from Miller in Missouri. Lawrence, county is where I grew up, and now I need a student loan in Missouri for $148000 to pay bills. It wasn’t easy, but Mercantile Bank of Miller really came through for me with this loan for 7.6% interest APR and a term of 10 years. I can probably repay the loan over the 10 year term, including interest. A big thanks to Mercantile Bank of Miller for giving me a chance and my terrible credit. It look me 8 years to create my credit to 327, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

Installment loan for Wan, a graduate of McKendree University and an elevator mechanic working for over $60,000 per year

Wan, an alumnus at McKendree University and an elevator mechanic in Miller, Missouri wants a student loan to purchase a house. Wan has instead decided to obtain an installment loan for $15,000 and is at present seeking lenders like Cass Commercial Bank to process their request.

9 Months in the Past, Wan Attempted to Find a High Risk Loan for $48,000.00, and it was Hard

There is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Wan. Wan decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Individuals with credit ratings as low as 482 can inquire for a high risk loan and may be be accepted.

Before applying for this student loan, Wan had an Experian score of 342, which is terrible, so Mercantile Bank of Miller likely cannot provide Wan a student loan

Experian Score: 342

Wan was rejected by Southern Commercial Bank 5 times prior to being granted funding by Mercantile Bank of Miller at 375 Main Street

On September 27, 2010, Wan inquired about borrowing $39,000 from Wood & Huston Bank with Paz, their in law from just outside Miller, and even with the co-signer, Wan was rejected for this student loan. With terrible credit, it can be difficult to procure funding, even with collateral and a co-signer.

Signature Loan acquired in Miller, Missouri for $148000 with terrible credit by Wan

Most prospective borrowers struggle with finding signature loans in Miller, Missouri, and Wan is the same. Wan went to 5 lending institutions or more before settling on Mercantile Bank of Miller, who offered Wan a signature loan for $148000. Most signature loans simply need a client, like Wan’s signature to obtain them, up to $22,000 in some cases. Wan was able to get $148000 as a student loan, which is very high for a student loan. Since signature loans do not require collateral, these loans generally need improved credit, as high as 769

Wan’s Overall FICO score at the time of acceptance for a student loan, taking into account their elevator mechanic job and their future career as a forestry and conservation professor

Fico Score: 327

Client Profile: Wan Fishel of Miller, Missouri
  • Full name (Changed if requested): Wan Fishel
  • Current Credit: loans.hit.utils.Fico@7e32c033
  • Current City: Miller
  • State: Missouri
  • Zip code: 65715
  • Yearly income: $68,000
  • Current Job: elevator mechanic
  • Current County: Lawrence
  • Goal Yearly Income: $85,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Conclusion of Wan’s student loan

In the end, Wan was able to find a student loan for $148000 with an interest rate of 11.0% interest APR from Mercantile Bank of Miller in Miller, Missouri repayable over 10 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.