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Lynsey Needed A Debt Consolidation Loan For $108000, Trumann, Arkansas

$108000 Debt Consolidation Loan – Trumann Arkansas, Credit Score Of 425

  • Experian: 444 – The client had a bad Experian score
  • Transunion: 413 – Lynsey had a bad credit rating with Transunion.
  • Equifax: Lynsey’s Experian score was 425, which is a bad credit rating with the Experian rating scheme.

Contact Details for Unipoint Federal Savings Bank, the provider of this debt consolidation loan

  • Unipoint Federal Savings Bank
  • City: Trumann
  • State: Arkansas
  • Address: Highway 69 West
  • County: Poinsett
  • Zip code: 72412

Personal Loan for a makeup artists – theatrical named Lynsey in Trumann, Arkansas to Pay Off Eddie Bauer Credit Card

Lynsey had a tonne of credit card debt on their First Bank & Trust Business Visa Card FirstBank Business Visa Credit Card and their Caribbean Education Foundation Visa Card, and they were starting to get in over their heads. Despite Lynsey’s job as a makeup artists – theatrical, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan easily acquired in Trumann, Arkansas for $108000 with bad credit by Lynsey

Many prospective borrowers have difficulty with obtaining signature loans in Trumann, Arkansas, and Lynsey is not an exception. Lynsey went to 5 lending institutions or more before settling on Unipoint Federal Savings Bank, who offered Lynsey a signature loan for $108000. Most signature loans simply need a client, like Lynsey’s signature to get them, up to $40,000 in some cases. Lynsey was able to get $108000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need collateral, they tend to need better credit, as high as 721

Lynsey’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their makeup artists – theatrical job and their future career as a high school guidance counselor

Fico Score: 425

Several previous requests for credit have been made by Lynsey in the past, including one from The Cohocton State Bank in Trumann, Arkansas before Lynsey was approved for the $108000 by Unipoint Federal Savings Bank

Lynsey made 9 previous attempts to obtain a debt consolidation loan, 2 of which were with The Cohocton State Bank, a lender in Trumann, Arkansas known to specialize in debt consolidation loans specifically. Prior to finding Unipoint Federal Savings Bank, Lynsey was very concerned due to their inexperience and bad credit rating.

When Lynsey was 24, they tried to obtain a student loan from 6 alternate banks, which damaged their credit rating. Below is a chronology of Lynsey’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on July 26, 2010
  • Attempt 2) Loan for $36,000.00 on November 18, 2010
  • Attempt 3) Loan for $32,000.00 on February 16, 2012
  • Attempt 4) Loan for $26,000.00 on February 12, 2010
  • Attempt 5) Loan for $30,000.00 on August 11, 2010
  • Attempt 6) Loan for $26,000.00 on September 8, 2010

Previous requests on Lynsey’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$40230.00 4 6.3% $950.35 Bank of Weiner April 23, 2009
$40430.00 11 9.4% $492.55 Horizon Bank April 17, 2013
$39750.00 5 11.5% $874.21 Warren Bank and Trust Company May 16, 2013
$40280.00 4 6.5% $955.24 Boatmen’s Bank of Northeast Arkansas January 31, 2015

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans vary from $39,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Lynsey needed a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Lynsey was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.8%.

Installment loan for Lynsey, a graduate of United Hospital Center and a makeup artists – theatrical working for over $74,000 per year

Lynsey, an alumnus at United Hospital Center and a makeup artists – theatrical in Trumann, Arkansas needs a debt consolidation loan to purchase a car. Lynsey has instead decided to get an installment loan for $9,000 and is currently seeking lenders like Warren Bank and Trust Company to process their request.

Before applying for this debt consolidation loan, Lynsey had an Experian score of 444, which is bad, so Unipoint Federal Savings Bank most likely cannot provide Lynsey a debt consolidation loan

Experian Score: 444

Lynsey has a low current total income, but has a high number of prospects

Lynsey has always wanted to be a high school guidance counselor, but would need attend United Hospital Center again to become one. Lynsey has other prospects as well, including bulldozer / grader operator, accounting specialist, and sales representative, which pay $51,000 through to $94,000 per year, at least. Because of this, we believe that Lynsey can pay for this debt consolidation loan of $108000.

Paraphrased and Standardized Quote from Lynsey for this debt consolidation loan of $108000, provided by Unipoint Federal Savings Bank

Hello, I am Lynsey and I’m from Trumann in Arkansas. Poinsett, county is where I grew up, and now I need a debt consolidation loan in Arkansas for $108000 to buy a car. It has been difficult, but Unipoint Federal Savings Bank really came through for me with this loan for 9.1% interest APR and a term of 8 years. I will repay the loan over the 8 year term, including interest. A big thanks to Unipoint Federal Savings Bank for giving me a chance and my bad credit. It look me 4 years to create my credit to 425, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.

Lynsey’s Transunion score was altered by the debt consolidation loan loan, changing to 413 from 425, which is normal in our experience.

Transunion Score: 413

Fast Loans for Lynsey in Trumann, Arkansas to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Trumann, Arkansas aren’t actually that difficult to obtain, particularly if you have some gumption like Lynsey. Lynsey was able to find a fast loan for $108000 from The Merchants & Planters Bank and Commercial Bank at Alma, but declined both offers in favor of their debt consolidation loan from Unipoint Federal Savings Bank. The improvement 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 personal loans. Much better in the case that a borrower is in a pinch.

Client Profile: Lynsey Pinena of Trumann, Arkansas
  • Full name (Changed if requested): Lynsey Pinena
  • Current Credit: loans.hit.utils.Fico@cac736f
  • Current City: Trumann
  • State: Arkansas
  • Zip code: 72419
  • Yearly income: $49,000
  • Current Job: makeup artists – theatrical
  • Current County: Poinsett
  • Goal Yearly Income: $94,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Lynsey was rejected by Bank of Cave City 5 times before being granted funding by Unipoint Federal Savings Bank at Highway 69 West

On August 12, 2009, Lynsey inquired about borrowing $17,000 from Bank of Cave City with Betty, their friend from just outside Trumann, and even with the co-signer, Lynsey was rejected for this debt consolidation loan. With bad credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

6 Months Ago, Lynsey Attempted to Find a High Risk Loan for $25,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Lynsey. Lynsey decided not to get a high risk loan this time. High Risk loans are given to very low credit individuals. Clients with credit ratings as low as 317 can inquire for a high risk loan and have a chance to be accepted.

Conclusion of Lynsey’s debt consolidation loan

In the end, Lynsey was able to find a debt consolidation loan for $108000 with an interest rate of 9.6% interest APR from Unipoint Federal Savings Bank in Trumann, Arkansas repayable over 8 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.