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$138000 Home Loan In Lepanto Arkansas With Credit Score 383 For Tomika

$138000 Home Loan – Lepanto Arkansas, Credit Score Of 383

  • Experian: 398 – This client had a terrible Experian rating
  • Transunion: 371 – Tomika had a terrible credit score with Transunion.
  • Equifax: Tomika’s Experian score was 383, which is a terrible credit rating using the Experian scale.

Tomika has a very low current yearly income, but has a high number of prospects

Tomika has always wanted to be an administrative assistant, but would have to attend Collin County Community College District again to achieve it. Tomika has other possibilities as well, including criminal lawyer, aquarium curator, and gynecologist, which pay $55,000 through to $104,000 per year, at least. Because of this, we think that Tomika can afford this home loan of $138000.

When Tomika was 24, they tried to obtain a student loan from 6 different lenders, which damaged their credit score. Below is a chronology of Tomika’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on August 27, 2009
  • Attempt 2) Loan for $35,000.00 on August 15, 2011
  • Attempt 3) Loan for $31,000.00 on February 22, 2009
  • Attempt 4) Loan for $27,000.00 on May 13, 2011
  • Attempt 5) Loan for $39,000.00 on July 31, 2009
  • Attempt 6) Loan for $36,000.00 on December 21, 2011

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $32,000.00 to $44,000.00. They are typically used to pay off existing high interest loans like credit cards. Tomika required a debt consolidation loan to pay for their existing home loan and their payday loan. Tomika was able to find a home loan in the end. Debt consolidation, or just 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 as low as 4.8%.

6 Months Ago, Tomika Tried Finding a High Risk Loan for $39,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Tomika. Tomika decided not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Individuals with credit scores as low as 435 can apply for a high risk loan and may be be accepted.

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

Fast loans in Lepanto, Arkansas aren’t actually that difficult to obtain, especially if you have some gumption like Tomika. Tomika was able to find a fast loan for $138000 from Peoples Bank and Loan Co. and Citizens First Bank, but turned down both offers in favor of their home loan from Little River Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. Much better if you are in a pinch.

Tomika’s Transunion score was changed by the home loan loan, changing to 371 from 383, which is typical in our experience.

Transunion Score: 371

Personal Loan for a student affairs administrator named Tomika in Lepanto, Arkansas to Pay Off Express Credit Card Elvis Presley Visa Platinum Rewards Card

Tomika had a tonne of credit card debt on their Citi Secured MasterCard and their Boston Red Sox BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Tomika’s job as a student affairs administrator, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this home loan, Tomika had an Experian score of 398, which is terrible, so Little River Bank most likely cannot provide Tomika a home loan

Experian Score: 398

Installment loan for Tomika, a graduate of Collin County Community College District and a student affairs administrator working for over $60,000 per year

Tomika, an alumnus at Collin County Community College District and a student affairs administrator in Lepanto, Arkansas wants a home loan to purchase a new cell phone. Tomika has instead decided to obtain an installment loan for $29,000 and is currently seeking lenders like Commercial Bank & Trust Company to process their request.

Client Profile: Tomika Moussa of Lepanto, Arkansas
  • Full name (Changed if requested): Tomika Moussa
  • Current Credit: loans.hit.utils.Fico@4f8e5cde
  • Current City: Lepanto
  • State: Arkansas
  • Zip code: 72360
  • Yearly income: $36,000
  • Current Job: student affairs administrator
  • Current County: Poinsett
  • Goal Yearly Income: $127,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Several previous requests for credit have been made by Tomika in the past, including one from Security First National Bank of Hugo in Lepanto, Arkansas before Tomika was accepted for the $138000 by Little River Bank

Tomika made 5 previous tries to obtain a home loan, 2 of which were with Security First National Bank of Hugo, a bank in Lepanto, Arkansas known to specialize in home loans specifically. Before finding Little River Bank, Tomika was concerned due to their inexperience and terrible credit rating.

Signature Loan acquired in Lepanto, Arkansas for $138000 with terrible credit by Tomika

A lot of clients struggle with obtaining signature loans in Lepanto, Arkansas, and Tomika is no exception. Tomika went to 7 lenders or more prior to settling on Little River Bank, who offered Tomika a signature loan for $138000. Typical signature loans simply require a client, like Tomika’s signature to obtain them, up to $32,000 in some cases. Tomika was able to get $138000 as a home loan, which is very high for a home loan. Because signature loans don’t need a cosigner, they tend to require higher credit, as high as 725

Previous requests on Tomika’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$39260.00 10 7.4% $463.98 Bank of Weiner October 19, 2008
$38790.00 9 5.7% $459.97 Horizon Bank November 2, 2010
$39450.00 7 5.5% $566.9 Warren Bank and Trust Company November 10, 2013
$39380.00 5 6.1% $763.16 Boatmen’s Bank of Northeast Arkansas December 9, 2013

Tomika’s Overall FICO score at the time of acceptance for a home loan, taking into account their student affairs administrator job and their future career as an administrative assistant

Fico Score: 383

Tomika was not approved by Bank of Cave City 5 times before being accepted by Little River Bank at 202 Greenwood Avenue

On March 19, 2012, Tomika applied about borrowing $42,000 from First State Bank of Warren with Maribeth, their in law from just outside Lepanto, and even with the co-signer, Tomika was rejected for this home loan. With terrible credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Contact Details for Little River Bank, the provider of this home loan

  • Little River Bank
  • City: Lepanto
  • State: Arkansas
  • Address: 202 Greenwood Avenue
  • County: Poinsett
  • Zip code: 72354

Paraphrased and Standardized Quote from Tomika for this home loan of $138000, provided by Little River Bank

Hi, I am Tomika and my hometown is Lepanto in Arkansas. Poinsett, county is where I grew up, and now I need a home loan in Arkansas for $138000 to buy a big ticket item. It has been difficult, but Little River Bank really came through for me with this loan for 9.4% interest APR and a term of 9 years. I will repay the loan over the 9 year term, including interest. A big thanks to Little River Bank for giving me a chance and my terrible credit. It look me 8 years to build my credit to 383, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

Conclusion of Tomika’s home loan

In the end, Tomika was able to find a home loan for $138000 with an interest rate of 11.1% interest APR from Little River Bank in Lepanto, Arkansas repayable over 9 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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