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$78000 Home Loan With Terrible Credit In Martinsburg West Virginia

$78000 Home Loan – Martinsburg West Virginia, Credit Score Of 307

  • Experian: 321 – They had a terrible Experian score
  • Transunion: 291 – Donna had a terrible credit score with Transunion.
  • Equifax: Donna’s Experian score was 307, which is a terrible credit rating on the Experian rating scheme.

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

Average debt consolidation loans vary from $20,000.00 to $54,000.00. They are normally used to pay off existing high interest loans like credit cards. Donna needed a debt consolidation loan to pay for their existing home loan and their payday loan. Donna was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.2%.

Before applying for this home loan, Donna had an Experian score of 321, which is terrible, so Shenandoah Federal Savings Association likely cannot provide Donna a home loan

Experian Score: 321

6 Months Ago, Donna Tried to Find a High Risk Loan for $26,000.00, and it was Hard

There is an existing struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Donna. Donna decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Individuals with credit scores as low as 378 can apply for a high risk loan and may be be approved.

Donna’s Transunion score was changed by the home loan loan, changing to 291 from 307, which is normal in our experience.

Transunion Score: 291

Previous requests on Donna’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$44200.00 9 7.3% $559.52 Wesbanco Bank Sistersville June 17, 2013
$43840.00 11 11.8% $594.46 Wesbanco Bank, Inc. January 27, 2014
$44120.00 6 7.6% $764.98 Peoples State Bank, National Association September 5, 2014
$43730.00 4 6.3% $1033.03 Kanawha Banking & Trust Company National Association May 10, 2015
$44230.00 7 9.4% $720.63 One Valley Bank, National Association June 28, 2015

Personal Loan for a structural drafter named Donna in Martinsburg, West Virginia to Pay Off Pacific Sunwear PacSun Credit Card

Donna had a tonne of credit card debt on their Commerce Bank Visa Signature Credit Card and their RBC Visa Cash Back Card, and they were starting to get in over their heads. Despite Donna’s job as a structural drafter, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Donna, a graduate of Valparaiso University and a structural drafter working for over $79,000 per year

Donna, an alumnus at Valparaiso University and a structural drafter in Martinsburg, West Virginia wants a home loan to purchase a house. Donna has instead chosen to obtain an installment loan for $9,000 and is currently seeking lenders like Kanawha Banking & Trust Company National Association to provide it.

Paraphrased and Standardized Quote from Donna for this home loan of $78000, provided by Shenandoah Federal Savings Association

Hi, I am Donna and my hometown is Martinsburg in West Virginia. Berkeley, county is where I grew up, and now I need a home loan in West Virginia for $78000 to renovate my home. It wasn’t easy, but Shenandoah Federal Savings Association really came through for me with this loan for 11.1% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to Shenandoah Federal Savings Association for trusting me and my terrible credit. It look me 9 years to create my credit to 307, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.

Signature Loan easily acquired in Martinsburg, West Virginia for $78000 with terrible credit by Donna

Most prospective borrowers struggle with finding signature loans in Martinsburg, West Virginia, and Donna is the same. Donna went to 7 lending institutions or more prior to finding Shenandoah Federal Savings Association, who offered Donna a signature loan for $78000. Most signature loans simply need a client, like Donna’s signature to get them, up to $27,000 in some cases. Donna was able to get $78000 as a home loan, which is very high for a home loan. Because signature loans do not need collateral, these loans tend to require better credit, as high as 742

When Donna was 22, they attempted to obtain a student loan from 6 alternate banks, which harmed their credit score. Below is a list of Donna’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on March 5, 2013
  • Attempt 2) Loan for $35,000.00 on July 13, 2011
  • Attempt 3) Loan for $30,000.00 on February 14, 2011
  • Attempt 4) Loan for $35,000.00 on March 23, 2010
  • Attempt 5) Loan for $36,000.00 on September 6, 2009
  • Attempt 6) Loan for $23,000.00 on December 28, 2008

Donna’s Overall FICO score at the time of acceptance for a home loan, taking into account their structural drafter job and their future career as a general internists

Fico Score: 307

Multiple past requests for credit have been made by Donna in the past, including one from Amoskeag Bank in Martinsburg, West Virginia before Donna was accepted for the $78000 by Shenandoah Federal Savings Association

Donna made 8 previous attempts to obtain a home loan, 2 of which were with Amoskeag Bank, a lender in Martinsburg, West Virginia known to specialize in home loans specifically. Prior to finding Shenandoah Federal Savings Association, Donna was very concerned due to their inexperience and terrible credit rating.

Donna has a sad current gross income, but has a high number of prospects

Donna has always wanted to be a general internists, but would have to attend Valparaiso University again to become one. Donna has other possibilities as well, including speech pathologist, contract specialist, and set illustrator, which pay $50,000 through to $102,000 per year, at least. Because of this, we believe that Donna can afford this home loan of $78000.

Client Profile: Donna Hsy of Martinsburg, West Virginia
  • Full name (Changed if requested): Donna Hsy
  • Current Credit: loans.hit.utils.Fico@76fb509a
  • Current City: Martinsburg
  • State: West Virginia
  • Zip code: 25406
  • Yearly income: $62,000
  • Current Job: structural drafter
  • Current County: Berkeley
  • Goal Yearly Income: $87,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Contact Details for Shenandoah Federal Savings Association, the provider of this home loan

  • Shenandoah Federal Savings Association
  • City: Martinsburg
  • State: West Virginia
  • Address: 617 Winchester Avenue
  • County: Berkeley
  • Zip code: 25401

Donna was rejected by The Commercial Bank of Bluefield 7 times before being accepted by Shenandoah Federal Savings Association at 617 Winchester Avenue

On December 4, 2012, Donna inquired about borrowing $43,000 from Wesbanco Bank, Inc. with Julieann, their in law from just outside Martinsburg, and even with the co-signer, Donna was rejected for this home loan. With terrible credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Fast Loans for Donna in Martinsburg, West Virginia to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Martinsburg, West Virginia aren’t actually that difficult to obtain, especially if you have some finesse like Donna. Donna was able to find a fast loan for $78000 from The Tucker County Bank and Pendleton Community Bank, Inc., but turned down both offers in favor of their home loan from Shenandoah Federal Savings Association. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement in the case that you are in a time sensitive situation.

Conclusion of Donna’s home loan

In the end, Donna was able to find a home loan for $78000 with an interest rate of 8.0% interest APR from Shenandoah Federal Savings Association in Martinsburg, West Virginia repayable over 15 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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