$48000 Home Loan – Coalgate Oklahoma, Credit Score Of 339
- Experian: 356 – This client had a terrible Experian score
- Transunion: 325 – Arnold had a terrible credit rating with Transunion.
- Equifax: Arnold’s Experian score was 339, which is a terrible credit score using the Experian scale.
Arnold was rejected by The Citizens State Bank 5 times prior to being accepted by Shamrock Bank, N.A. at 101 North Main Street
On April 23, 2012, Arnold inquired about borrowing $12,000 from The First State Bank with Cheryl, their friend from just outside Coalgate, and even with the co-signer, Arnold was rejected for this home loan. With terrible credit, it can be challenging to procure funding, even with collateral and a co-signer.
Personal Loan for an appeals referee named Arnold in Coalgate, Oklahoma to Pay Off American State Bank Visa Card
Arnold had a tonne of credit card debt on their Bombay & Co. Credit Card and their Atlantic Stewardship Bank Secured Visa Card, and they were starting to get in over their heads. Despite Arnold’s job as an appeals referee, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
- Full name (Changed if requested): Arnold Bonadio
- Current Credit: loans.hit.utils.Fico@37f8bb67
- Current City: Coalgate
- State: Oklahoma
- Zip code: 74540
- Yearly income: $59,000
- Current Job: appeals referee
- Current County: Coal
- Goal Yearly Income: $97,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Before applying for this home loan, Arnold had an Experian score of 356, which is terrible, so Shamrock Bank, N.A. probably cannot provide Arnold a home loan
Fast Loans for Arnold in Coalgate, Oklahoma to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Coalgate, Oklahoma aren’t actually that difficult to obtain, particularly if you have some finesse like Arnold. Arnold was able to find a fast loan for $48000 from Sooner State Bank and Security State Bank, but declined both offers in favor of their home loan from Shamrock Bank, N.A.. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. An improvement in the case that a borrower is in a pinch.
Previous requests on Arnold’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$46430.00||11||6.6%||$495.67||The First State Bank||May 21, 2011|
|$45640.00||8||9.1%||$671.01||Security Bank and Trust Company||April 30, 2013|
|$45670.00||11||7.2%||$501.88||The First State Bank, Willow, Okla.||December 8, 2013|
|$45850.00||3||7.5%||$1426.22||Sooner State Bank||July 7, 2014|
When Arnold was 20, they attempted to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a list of Arnold’s prior attempts at finding a student loan:
- Attempt 1) Loan for $33,000.00 on February 20, 2012
- Attempt 2) Loan for $31,000.00 on July 26, 2009
- Attempt 3) Loan for $34,000.00 on January 10, 2012
- Attempt 4) Loan for $29,000.00 on October 9, 2009
- Attempt 5) Loan for $28,000.00 on December 6, 2010
Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $28,000.00 to $57,000.00. They are typically used to pay off existing high interest loans like credit cards. Arnold required a debt consolidation loan to pay for their existing home loan and their loan shark loan. Arnold was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your bad, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.8%.
Installment loan for Arnold, a graduate of Mount Aloysius College and an appeals referee working for over $60,000 per year
Arnold, an alumnus at Mount Aloysius College and an appeals referee in Coalgate, Oklahoma needs a home loan to purchase a new cell phone. Arnold has instead chosen to obtain an installment loan for $22,000 and is currently seeking lenders like Bank of Commerce to process their request.
Arnold’s Transunion score was altered by the home loan loan, changing to 325 from 339, which is typical in our experience.
Arnold has a low current gross income, but has a high number of prospects
Arnold has always wanted to be a graduate teaching assistant, but would have to attend Mount Aloysius College again to achieve it. Arnold has other possibilities as well, including air traffic controller, casino dealer, and graduate teaching assistant, which pay $51,000 through to $97,000 per year, on average. Because of this, we think that Arnold can afford this home loan of $48000.
Signature Loan acquired in Coalgate, Oklahoma for $48000 with terrible credit by Arnold
Many borrowers struggle with finding signature loans in Coalgate, Oklahoma, and Arnold is no different. Arnold went to 5 lenders or more prior to finding Shamrock Bank, N.A., who offered Arnold a signature loan for $48000. Most signature loans simply need a client, like Arnold’s signature to get them, up to $40,000 in some cases. Arnold was able to get $48000 as a home loan, which is very high for a home loan. Because signature loans don’t require a cosigner, these loans generally need improved credit, as high as 706
Paraphrased and Standardized Quote from Arnold for this home loan of $48000, provided by Shamrock Bank, N.A.
Hello, I am Arnold and my hometown is Coalgate in Oklahoma. Coal, county is where I grew up, and now I need a home loan in Oklahoma for $48000 to renovate my home. It wasn’t easy, but Shamrock Bank, N.A. really came through for me with this loan for 6.8% interest APR and a term of 17 years. I can repay the loan over the 17 year term, including interest. A big thanks to Shamrock Bank, N.A. for giving me a chance and my terrible credit. It look me 7 years to create my credit to 339, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.
Several other requests for credit have been made by Arnold in the past, including one from Community First State Bank in Coalgate, Oklahoma before Arnold was approved for the $48000 by Shamrock Bank, N.A.
Arnold made 6 prior attempts to obtain a home loan, 2 of which were with Community First State Bank, a bank in Coalgate, Oklahoma known to specialize in home loans specifically. Prior to finding Shamrock Bank, N.A., Arnold was concerned due to their inexperience and terrible credit rating.
6 Months in the Past, Arnold Tried to Find a High Risk Loan for $41,000.00, and it was Hard
There is an well known struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Arnold. Arnold chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit applicants. Borrowers with credit scores as low as 461 can inquire for a high risk loan and have a chance to be accepted.
Contact Details for Shamrock Bank, N.A., the provider of this home loan
- Shamrock Bank, N.A.
- City: Coalgate
- State: Oklahoma
- Address: 101 North Main Street
- County: Coal
- Zip code: 74538
Arnold’s Overall FICO score at the time of acceptance for a home loan, taking into account their appeals referee job and their future job as a graduate teaching assistant
Conclusion of Arnold’s home loan
In the end, Arnold was able to find a home loan for $48000 with an interest rate of 9.1% interest APR from Shamrock Bank, N.A. in Coalgate, Oklahoma repayable over 17 years from today.