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$22000 Fast Loan With Terrible Credit In Lexington Kentucky

$22000 Fast Loan – Lexington Kentucky, Credit Score Of 359

  • Experian: 377 – This individual had a terrible Experian rating
  • Transunion: 343 – Lovie had a terrible credit score with Transunion.
  • Equifax: Lovie’s Experian score was 359, which is a terrible credit score on the Experian scale.

When Lovie was 18, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit score. Below is a list of Lovie’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on June 19, 2009
  • Attempt 2) Loan for $26,000.00 on November 26, 2013
  • Attempt 3) Loan for $21,000.00 on February 2, 2009
  • Attempt 4) Loan for $25,000.00 on March 31, 2011

Previous requests on Lovie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$144850.00 5 8.4% $2964.84 Stock Yards Bank & Trust Company August 25, 2009
$144760.00 11 10.2% $1828.8 Farmers Deposit Bank of Brandenburg August 2, 2011
$144670.00 10 8.2% $1770.57 Citizens Bank February 20, 2014
$145280.00 4 6.1% $3418.57 Citizens Bank & Trust Company, Burgin, Kentucky March 15, 2015

Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $35,000.00 to $50,000.00. They are mainly used to pay off existing high interest loans like credit cards. Lovie required a debt consolidation loan to pay for their existing fast loan and their loan shark loan. Lovie was able to find a fast loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.2%.

Installment loan for Lovie, a graduate of University of Puerto Rico – Cayey and a city planning aide working for over $77,000 per year

Lovie, an alumnus at University of Puerto Rico – Cayey and a city planning aide in Lexington, Kentucky needs a fast loan to purchase something frivolous. Lovie has instead chosen to get an installment loan for $10,000 and is currently seeking lenders like Farmers Deposit Bank to provide it.

Before applying for this fast loan, Lovie had an Experian score of 377, which is terrible, so Bank of Commerce and Trust Company most likely cannot provide Lovie a fast loan

Experian Score: 377

Client Profile: Lovie Hanthorn of Lexington, Kentucky
  • Full name (Changed if requested): Lovie Hanthorn
  • Current Credit: loans.hit.utils.Fico@6f2b958e
  • Current City: Lexington
  • State: Kentucky
  • Zip code: 40514
  • Yearly income: $62,000
  • Current Job: city planning aide
  • Current County: Fayette
  • Goal Yearly Income: $84,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Lovie has a very low current gross income, but has several of prospects

Lovie has always wanted to be a medical photographer, but would have to attend University of Puerto Rico – Cayey again to achieve it. Lovie has other possibilities as well, including medical laboratory technician, cement mason, and painters, which pay $51,000 through to $106,000 per year, at least. For this reason, we believe that Lovie can afford this fast loan of $22000.

Lovie’s Transunion score was changed by the fast loan loan, changing to 343 from 359, which is typical in our experience.

Transunion Score: 343

Paraphrased and Standardized Quote from Lovie for this fast loan of $22000, provided by Bank of Commerce and Trust Company

Hello, I am Lovie and I am from Lexington in Kentucky. Fayette, county is where I grew up, and now I need a fast loan in Kentucky for $22000 to pay bills. It has been difficult, but Bank of Commerce and Trust Company really came through for me with this loan for 9.7% interest APR and a term of 22 years. I can repay the loan over the 22 year term, including interest. A big thanks to Bank of Commerce and Trust Company for giving me a chance and my terrible credit. It look me 8 years to create my credit to 359, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.

Lovie was not approved by Bank of Hindman 7 times before being accepted by Bank of Commerce and Trust Company at 318 East Main Street

On May 19, 2010, Lovie inquired about borrowing $16,000 from Peoples Bank and Trust Company with Laci, their in law from just outside Lexington, and even with the co-signer, Lovie was rejected for this fast loan. With terrible credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Lovie’s Overall FICO score at the time of acceptance for a fast loan, taking into account their city planning aide job and their future job as a medical photographer

Fico Score: 359

Personal Loan for a city planning aide named Lovie in Lexington, Kentucky to Pay Off RBC Visa Business Card

Lovie had a lot of credit card debt on their Lanpass Visa Signature Card and their CNB Bank Credit CardsColorado Rockies BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Lovie’s job as a city planning aide, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

9 Months in the Past, Lovie Attempted Finding a High Risk Loan for $38,000.00, and it was Easy

There is an well known struggle for borrowers to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Lovie. Lovie chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Clients with credit scores as low as 454 can inquire for a high risk loan and possibly can be accepted.

Contact Details for Bank of Commerce and Trust Company, the provider of this fast loan

  • Bank of Commerce and Trust Company
  • City: Lexington
  • State: Kentucky
  • Address: 318 East Main Street
  • County: Fayette
  • Zip code: 40507

Signature Loan easily acquired in Lexington, Kentucky for $22000 with terrible credit by Lovie

Many clients struggle with obtaining signature loans in Lexington, Kentucky, and Lovie is not an exception. Lovie went to 4 lending institutions or more before finding Bank of Commerce and Trust Company, who offered Lovie a signature loan for $22000. Most signature loans simply require a client, like Lovie’s signature to obtain them, up to $25,000 in some cases. Lovie was able to get $22000 as a fast loan, which is very high for a fast loan. Since signature loans do not require collateral, these loans tend to need improved credit, as high as 756

Fast Loans for Lovie in Lexington, Kentucky to prevent bankruptcy or harm from debt collectors.

Fast loans in Lexington, Kentucky aren’t actually that difficult to obtain, particularly if you have some finesse like Lovie. Lovie was able to find a fast loan for $22000 from Peoples Bank and Trust Company and The First State Bank of Pineville, but turned down both offers in favor of their fast loan from Bank of Commerce and Trust Company. The difference 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 debt consolidation loans. Much better if a borrower is in a pinch.

Many past requests for credit have been made by Lovie in the past, including one from Texas Bank in Lexington, Kentucky before Lovie was accepted for the $22000 by Bank of Commerce and Trust Company

Lovie made 6 prior attempts to obtain a fast loan, 2 of which were with Texas Bank, a lending institution in Lexington, Kentucky known to specialize in fast loans specifically. Prior to finding Bank of Commerce and Trust Company, Lovie was very concerned due to their inexperience and terrible credit score.

Conclusion of Lovie’s fast loan

In the end, Lovie was able to find a fast loan for $22000 with an interest rate of 11.3% interest APR from Bank of Commerce and Trust Company in Lexington, Kentucky repayable over 22 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.