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Direct Loan With Very Low APR In Kankakee County, Illinois

$140000 Direct Loan – Kankakee Illinois, Credit Rating Of 396

  • Experian: 413 – This individual had a terrible Experian score
  • Transunion: 383 – Mica had a terrible credit score with Transunion.
  • Equifax: Mica’s Experian score was 396, which is a terrible credit rating on the Experian rating scheme.

Mica’s Overall FICO score at the time of acceptance for a direct loan, taking into account their health psychologist job and their future career as a sport’s/entertainment agent

Fico Score: 396

9 Months Ago, Mica Tried Finding a High Risk Loan for $35,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Mica. Mica chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Borrowers with credit scores as low as 516 can inquire for a high risk loan and possibly can be approved.

Previous requests on Mica’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$45180.00 11 7.3% $498.88 The Gerber State Bank November 14, 2010
$44680.00 7 8.3% $703.09 The Belvidere National Bank and Trust Company June 28, 2011
$45180.00 10 10.6% $612.17 Commerce Bank September 9, 2014
$44650.00 7 9.8% $736.64 Byron Bank January 15, 2015
$44700.00 3 11.7% $1478.28 Amalgamated Bank of Chicago April 3, 2015

Mica was rejected by State Bank of Clearing 5 times before being approved by First Trust Bank of Illinois at 275 East Court Street

On June 17, 2011, Mica applied about borrowing $44,000 from Commerce Bank with Verda, their friend from just outside Kankakee, and even with the co-signer, Mica was rejected for this direct loan. With terrible credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Client Profile: Mica Logel of Kankakee, Illinois
  • Full name (Changed if requested): Mica Logel
  • Current Credit: loans.hit.utils.Fico@531d72ca
  • Current City: Kankakee
  • State: Illinois
  • Zip code: 60907
  • Yearly income: $37,000
  • Current Job: health psychologist
  • Current County: Kankakee
  • Goal Yearly Income: $101,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Before applying for this direct loan, Mica had an Experian score of 413, which is terrible, so First Trust Bank of Illinois likely cannot provide Mica a direct loan

Experian Score: 413

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

Mica has always wanted to be a sport’s/entertainment agent, but would need attend Olivet Nazarene University again to achieve it. Mica has other possibilities as well, including ballistics expert, hotel manager, and sales representative, which pay $54,000 through to $101,000 per year, on average. Because of this, we believe that Mica can afford this direct loan of $140000.

Signature Loan found in Kankakee, Illinois for $140000 with terrible credit by Mica

Many borrowers struggle with finding signature loans in Kankakee, Illinois, and Mica is no exception. Mica went to 4 lending institutions or more prior to finding First Trust Bank of Illinois, who offered Mica a signature loan for $140000. Typical signature loans simply require a client, like Mica’s signature to get them, up to $41,000 in some cases. Mica was able to get $140000 as a direct loan, which is very high for a direct loan. Since signature loans do not need a cosigner, they generally require higher credit, as high as 703

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $35,000.00 to $48,000.00. They are normally used to pay off existing high interest loans like credit cards. Mica required a debt consolidation loan to pay for their existing direct loan and their payday loan. Mica was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 3.7%.

Contact Details for First Trust Bank of Illinois, the provider of this direct loan

  • First Trust Bank of Illinois
  • City: Kankakee
  • State: Illinois
  • Address: 275 East Court Street
  • County: Kankakee
  • Zip code: 60901

Personal Loan for a health psychologist named Mica in Kankakee, Illinois to Pay Off Norwegian Cruise Line World MasterCard Credit Card

Mica had a tonne of credit card debt on their SECU Credit Union Visa Cards and their MYPLASH Visa Prepaid Card, and they were starting to get in over their heads. Despite Mica’s job as a health psychologist, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Mica, a graduate of Olivet Nazarene University and a health psychologist working for over $66,000 per year

Mica, an alumnus at Olivet Nazarene University and a health psychologist in Kankakee, Illinois wants a direct loan to purchase a new cell phone. Mica has instead decided to get an installment loan for $22,000 and is at present seeking lenders like Old Kent Bank to provide it.

Mica’s Transunion score was altered by the direct loan loan, changing to 383 from 396, which is typical in our experience.

Transunion Score: 383

When Mica was 18, they attempted to obtain a student loan from 6 alternate banks, which damaged their credit score. Below is a list of Mica’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on February 2, 2014
  • Attempt 2) Loan for $32,000.00 on June 29, 2009
  • Attempt 3) Loan for $21,000.00 on October 15, 2008
  • Attempt 4) Loan for $39,000.00 on December 12, 2008
  • Attempt 5) Loan for $37,000.00 on November 13, 2013
  • Attempt 6) Loan for $25,000.00 on October 4, 2011

Paraphrased and Standardized Quote from Mica for this direct loan of $140000, provided by First Trust Bank of Illinois

Hello, I am Mica and I’m from Kankakee in Illinois. Kankakee, county is where I grew up, and now I need a direct loan in Illinois for $140000 to renovate my home. It has been difficult, but First Trust Bank of Illinois really came through for me with this loan for 6.6% interest APR and a term of 24 years. I can repay the loan over the 24 year term, including interest. A big thanks to First Trust Bank of Illinois for trusting me and my terrible credit. It look me 7 years to build my credit to 396, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Fast Loans for Mica in Kankakee, Illinois to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Kankakee, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Mica. Mica was able to find a fast loan for $140000 from LaSalle Bank NI and Farmers & Mechanics Bank, but declined both offers in favor of their direct loan from First Trust Bank of Illinois. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement in the case that a borrower is in a pinch.

Multiple other requests for credit have been made by Mica in the past, including one from Boatmen’s Bank of Webster Groves in Kankakee, Illinois before Mica was accepted for the $140000 by First Trust Bank of Illinois

Mica made 7 previous attempts to obtain a direct loan, 2 of which were with Boatmen’s Bank of Webster Groves, a bank in Kankakee, Illinois known to specialize in direct loans specifically. Before finding First Trust Bank of Illinois, Mica was concerned due to their inexperience and terrible credit rating.

Conclusion of Mica’s direct loan

In the end, Mica was able to find a direct loan for $140000 with an interest rate of 9.6% interest APR from First Trust Bank of Illinois in Kankakee, Illinois repayable over 24 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.

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