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$87000 Debt Consolidation Loan In Corinth Mississippi With Credit Score 601 For Carolyn

$87000 Debt Consolidation Loan – Corinth Mississippi, Credit Rating Of 601

  • Experian: 618 – The client had a good Experian rating
  • Transunion: 583 – Carolyn had a good credit score with Transunion.
  • Equifax: Carolyn’s Experian score was 601, which is a good credit score using the Experian system.

Carolyn’s Transunion score was changed by the debt consolidation loan loan, changing to 583 from 601, which is normal in our experience.

Transunion Score: 583

Installment loan for Carolyn, a graduate of Institute of Allied Medical Professions – Stamford and a chemical engineer working for over $61,000 per year

Carolyn, an alumnus at Institute of Allied Medical Professions – Stamford and a chemical engineer in Corinth, Mississippi wants a debt consolidation loan to purchase a new cell phone. Carolyn has instead chosen to get an installment loan for $28,000 and is at present seeking lenders like First United Bank of Mississippi to process their request.

Carolyn has a low current total income, but has a large amount of prospects

Carolyn has always wanted to be a title examiner, but would need attend Institute of Allied Medical Professions – Stamford again to achieve it. Carolyn has other prospects as well, including tax preparer, surgical technician/technologist, and registrar administrator, which pay $58,000 through to $102,000 per year, on average. Because of this, we believe that Carolyn can pay for this debt consolidation loan of $87000.

When Carolyn was 23, they attempted to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a list of Carolyn’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on March 13, 2010
  • Attempt 2) Loan for $25,000.00 on April 4, 2009
  • Attempt 3) Loan for $31,000.00 on June 17, 2011
  • Attempt 4) Loan for $39,000.00 on April 11, 2011
  • Attempt 5) Loan for $29,000.00 on July 30, 2013
  • Attempt 6) Loan for $39,000.00 on April 26, 2009
  • Attempt 7) Loan for $38,000.00 on November 11, 2011

Carolyn’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their chemical engineer job and their future career as a title examiner

Fico Score: 601

Carolyn was declined by The Citizens National Bank of Meridian 5 times before being granted funding by Fidelity FSB at 303 N Madison

On March 15, 2010, Carolyn inquired about borrowing $23,000 from The Commercial National Bank and Trust Company of Laurel with Lauri, their in law from just outside Corinth, and even with the co-signer, Carolyn was rejected for this debt consolidation loan. With good credit, it can be difficult to procure funding, even with collateral and a co-signer.

Previous requests on Carolyn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$137450.00 7 8.5% $2176.72 Peoples Bank of Durant July 4, 2010
$136780.00 9 6.5% $1676.17 Holmes County Bank & Trust Company April 24, 2012
$137160.00 6 7.5% $2371.51 The Bank of Sebastopol July 19, 2013
$136780.00 3 10.4% $4439.24 Merchants & Planters Bank August 11, 2014
$136700.00 3 8.1% $4289.99 Citizens Bank January 17, 2015
Client Profile: Carolyn Cioffi of Corinth, Mississippi
  • Full name (Changed if requested): Carolyn Cioffi
  • Current Credit: loans.hit.utils.Fico@20ad9418
  • Current City: Corinth
  • State: Mississippi
  • Zip code: 38842
  • Yearly income: $59,000
  • Current Job: chemical engineer
  • Current County: Alcorn
  • Goal Yearly Income: $106,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Before applying for this debt consolidation loan, Carolyn had an Experian score of 618, which is good, so Fidelity FSB most likely cannot provide Carolyn a debt consolidation loan

Experian Score: 618

Many past requests for credit have been made by Carolyn in the past, including one from Metro North State Bank in Corinth, Mississippi before Carolyn was accepted for the $87000 by Fidelity FSB

Carolyn made 5 prior attempts to obtain a debt consolidation loan, 2 of which were with Metro North State Bank, a lending institution in Corinth, Mississippi known to specialize in debt consolidation loans specifically. Before finding Fidelity FSB, Carolyn was desperate due to their inexperience and good credit rating.

Fast Loans for Carolyn in Corinth, Mississippi to prevent bankruptcy or harm from debt collectors.

Fast loans in Corinth, Mississippi aren’t actually that difficult to obtain, especially if you have some gumption like Carolyn. Carolyn was able to find a fast loan for $87000 from First National Bank of Vicksburg and The Commercial National Bank and Trust Company of Laurel, but turned down both offers in favor of their debt consolidation loan from Fidelity FSB. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. Much better if a client is on the go.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $27,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Carolyn needed a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Carolyn 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 changes your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.2%.

Contact Details for Fidelity FSB, the provider of this debt consolidation loan

  • Fidelity FSB
  • City: Corinth
  • State: Mississippi
  • Address: 303 N Madison
  • County: Alcorn
  • Zip code: 38834

Signature Loan easily acquired in Corinth, Mississippi for $87000 with good credit by Carolyn

Most borrowers have difficulty with finding signature loans in Corinth, Mississippi, and Carolyn is no exception. Carolyn went to 8 lending institutions or more before settling on Fidelity FSB, who offered Carolyn a signature loan for $87000. Most signature loans simply require a client, like Carolyn’s signature to obtain them, up to $22,000 in some cases. Carolyn was able to get $87000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t require a cosigner, these loans generally require better credit, as high as 797

8 Months Ago, Carolyn Attempted Finding a High Risk Loan for $30,000.00, and it was Hard

It is an well known struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Carolyn. Carolyn decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Borrowers with credit scores as low as 361 can apply for a high risk loan and may be be approved.

Personal Loan for a chemical engineer named Carolyn in Corinth, Mississippi to Pay Off Speedway SuperAmerica Credit Cards

Carolyn had a tonne of credit card debt on their Walmart MasterCard and their PNC Bank points Visa Business Credit Card, and they were starting to get in over their heads. Despite Carolyn’s job as a chemical engineer, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Carolyn for this debt consolidation loan of $87000, provided by Fidelity FSB

Hi, I am Carolyn and my hometown is Corinth in Mississippi. Alcorn, county is where I grew up, and now I need a debt consolidation loan in Mississippi for $87000 to avoid bankruptcy. It has been difficult, but Fidelity FSB really came through for me with this loan for 11.7% interest APR and a term of 1 years. I can probably repay the loan over the 1 year term, including interest. A big thanks to Fidelity FSB for trusting me and my good credit. It look me 7 years to create my credit to 601, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.

Conclusion of Carolyn’s debt consolidation loan

In the end, Carolyn was able to find a debt consolidation loan for $87000 with an interest rate of 8.3% interest APR from Fidelity FSB in Corinth, Mississippi repayable over 1 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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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.