$66000 Home Loan – Salem Illinois, Credit Score Of 407
- Experian: 422 – They had a bad Experian rating
- Transunion: 394 – Marlin had a bad credit rating with Transunion.
- Equifax: Marlin’s Experian score was 407, which is a bad credit score with the Experian rating scheme.
Before applying for this home loan, Marlin had an Experian score of 422, which is bad, so Community State Bank most likely cannot provide Marlin a home loan
- Full name (Changed if requested): Marlin Singeltary
- Current Credit: loans.hit.utils.Fico@7dc5e7b4
- Current City: Salem
- State: Illinois
- Zip code: 62890
- Yearly income: $64,000
- Current Job: teacher of the blind
- Current County: Marion
- Goal Yearly Income: $142,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
When Marlin was 20, they attempted to obtain a student loan from 4 alternate banks, which damaged their credit score. Below is a chronology of Marlin’s previous attempts at finding a student loan:
- Attempt 1) Loan for $20,000.00 on February 6, 2012
- Attempt 2) Loan for $23,000.00 on September 10, 2009
- Attempt 3) Loan for $38,000.00 on September 15, 2009
- Attempt 4) Loan for $27,000.00 on July 29, 2013
Personal Loan for a teacher of the blind named Marlin in Salem, Illinois to Pay Off Navy FCU Platinum Credit Card
Marlin had a tonne of credit card debt on their Gymboree Visa Platinum Credit Card and their First State Bank MasterCard Business Platinum Card, and they were starting to get in over their heads. Despite Marlin’s job as a teacher of the blind, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Marlin’s Overall FICO score at the time of acceptance for a home loan, taking into account their teacher of the blind job and their future job as a public health service officer
Signature Loan found in Salem, Illinois for $66000 with bad credit by Marlin
Many prospective borrowers struggle with obtaining signature loans in Salem, Illinois, and Marlin is the same. Marlin went to 8 lending institutions or more before finding Community State Bank, who offered Marlin a signature loan for $66000. Most signature loans simply require a client, like Marlin’s signature to obtain them, up to $31,000 in some cases. Marlin was able to get $66000 as a home loan, which is very high for a home loan. Since signature loans don’t require a cosigner, they tend to need improved credit, as high as 753
Fast Loans for Marlin in Salem, Illinois to prevent bankruptcy or harm from debt collectors.
Fast loans in Salem, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Marlin. Marlin was able to find a fast loan for $66000 from Metropolitan Bank and Trust Company and NBD Bank Evanston, National Association, but turned down both offers in favor of their home loan from Community State Bank. The difference 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 personal loans. A big difference if a client is in a time sensitive situation.
9 Months in the Past, Marlin Attempted Finding a High Risk Loan for $21,000.00, but They Didn’t Find What They were Expecting
It is an ongoing struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Marlin. Marlin chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Clients with credit ratings as low as 497 can apply for a high risk loan and may be be accepted.
Previous requests on Marlin’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$34160.00||9||5.5%||$401.72||The Gerber State Bank||July 29, 2010|
|$33760.00||8||5.4%||$433.86||The Belvidere National Bank and Trust Company||August 16, 2011|
|$34320.00||9||7.4%||$436.2||Commerce Bank||July 19, 2013|
|$34110.00||4||9.1%||$850.45||Byron Bank||September 27, 2013|
|$34350.00||10||6.3%||$386.55||Amalgamated Bank of Chicago||April 21, 2014|
Contact Details for Community State Bank, the provider of this home loan
- Community State Bank
- City: Salem
- State: Illinois
- Address: 401 West Main Street
- County: Marion
- Zip code: 62881
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans range from $25,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Marlin required a debt consolidation loan to pay for their existing home loan and their credit card. Marlin was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.1%.
Paraphrased and Standardized Quote from Marlin for this home loan of $66000, provided by Community State Bank
Hi, I am Marlin and I am from Salem in Illinois. Marion, county is where I grew up, and now I need a home loan in Illinois for $66000 to pay bills. It wasn’t easy, but Community State Bank really came through for me with this loan for 5.0% interest APR and a term of 9 years. I can repay the loan over the 9 year term, including interest. A big thanks to Community State Bank for giving me a chance and my bad credit. It look me 9 years to build my credit to 407, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.
Marlin has a disappointing current gross income, but has a high number of prospects
Marlin has always wanted to be a public health service officer, but would have to attend Ivy Tech Community College of Indiana again to achieve it. Marlin has other prospects as well, including teachers aide, mechanical engineer, and clinical sociologist, which pay $58,000 through to $108,000 per year, on average. For this reason, we believe that Marlin can pay for this home loan of $66000.
Installment loan for Marlin, a graduate of Ivy Tech Community College of Indiana and a teacher of the blind working for over $69,000 per year
Marlin, an alumnus at Ivy Tech Community College of Indiana and a teacher of the blind in Salem, Illinois needs a home loan to purchase a car. Marlin has instead decided to obtain an installment loan for $19,000 and is at present seeking lenders like Central National Bank of Mattoon to provide it.
Marlin’s Transunion score was altered by the home loan loan, changing to 394 from 407, which is normal in our experience.
Marlin was declined by State Bank of Niantic 6 times before being accepted by Community State Bank at 401 West Main Street
On December 27, 2010, Marlin inquired about borrowing $10,000 from Old Kent Bank with Stephanie, their friend from just outside Salem, and even with the co-signer, Marlin was rejected for this home loan. With bad credit, it can be difficult to procure funding, even with collateral and a co-signer.
Several past requests for credit have been made by Marlin in the past, including one from Keystone Savings and Loan Association in Salem, Illinois before Marlin was accepted for the $66000 by Community State Bank
Marlin made 4 previous attempts to obtain a home loan, 2 of which were with Keystone Savings and Loan Association, a lender in Salem, Illinois known to specialize in home loans specifically. Before finding Community State Bank, Marlin was very concerned due to their inexperience and bad credit score.
Conclusion of Marlin’s home loan
In the end, Marlin was able to find a home loan for $66000 with an interest rate of 9.5% interest APR from Community State Bank in Salem, Illinois repayable over 9 years from today.