$172000 High Risk Loan – Chicago Illinois, Credit Score Of 316
- Experian: 333 – This individual had a terrible Experian rating
- Transunion: 301 – Jenee had a terrible credit rating with Transunion.
- Equifax: Jenee’s Experian score was 316, which is a terrible credit rating using the Experian scale.
Paraphrased and Standardized Quote from Jenee for this high risk loan of $172000, provided by Standard Federal Bank for Savings
Hi, I am Jenee and I am from Chicago in Illinois. Cook, county is where I grew up, and now I need a high risk loan in Illinois for $172000 to renovate my home. It wasn’t easy, but Standard Federal Bank for Savings really came through for me with this loan for 8.2% interest APR and a term of 24 years. I can repay the loan over the 24 year term, including interest. A big thanks to Standard Federal Bank for Savings for giving me a chance and my terrible credit. It look me 4 years to create my credit to 316, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.
Signature Loan found in Chicago, Illinois for $172000 with terrible credit by Jenee
A lot of clients have difficulty with finding signature loans in Chicago, Illinois, and Jenee is no different. Jenee went to 8 lending institutions or more prior to settling on Standard Federal Bank for Savings, who offered Jenee a signature loan for $172000. Typical signature loans simply need a client, like Jenee’s signature to obtain them, up to $23,000 in some cases. Jenee was able to get $172000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not need collateral, they generally need higher credit, as high as 768
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans vary from $28,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Jenee needed a debt consolidation loan to pay for their existing high risk loan and their credit card. Jenee was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your bad, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.5%.
Fast Loans for Jenee in Chicago, Illinois to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Jenee. Jenee was able to find a fast loan for $172000 from Citizens State Bank of Milford and Citizens State Bank of Milford, but turned down both offers in favor of their high risk loan from Standard Federal Bank for Savings. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. An improvement in the case that a client is on the go.
Jenee has a disappointing current gross income, but has a large amount of prospects
Jenee has always wanted to be a switchboard operator, but would have to attend George C Wallace Community College – Dothan again to achieve it. Jenee has other possibilities as well, including agricultural sciences professor, funeral director, and crop workers supervisor, which pay $56,000 through to $102,000 per year, on average. Because of this, we think that Jenee can afford this high risk loan of $172000.
Jenee was not approved by Commerce Bank of Woodford County, National Association 7 times prior to being approved by Standard Federal Bank for Savings at 4192 South Archer
On November 11, 2012, Jenee inquired about borrowing $41,000 from Byron Bank with Micheal, their in law from just outside Chicago, and even with the co-signer, Jenee was rejected for this high risk loan. With terrible credit, it can be difficult to procure financing, even with collateral and a co-signer.
- Full name (Changed if requested): Jenee Welburn
- Current Credit: loans.hit.utils.Fico@200a570f
- Current City: Chicago
- State: Illinois
- Zip code: 60640
- Yearly income: $52,000
- Current Job: child support investigator
- Current County: Cook
- Goal Yearly Income: $83,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $0
Personal Loan for a child support investigator named Jenee in Chicago, Illinois to Pay Off TD Easy Rewards Visa Credit Card
Jenee had a tonne of credit card debt on their AAA Member Rewards Visa Signature Card and their First Niagara Bank MasterCard, and they were starting to get in over their heads. Despite Jenee’s job as a child support investigator, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Installment loan for Jenee, a graduate of George C Wallace Community College – Dothan and a child support investigator working for over $71,000 per year
Jenee, an alumnus at George C Wallace Community College – Dothan and a child support investigator in Chicago, Illinois needs a high risk loan to purchase a house. Jenee has instead chosen to obtain an installment loan for $23,000 and is at present seeking lenders like LaSalle Bank NI to process their request.
Contact Details for Standard Federal Bank for Savings, the provider of this high risk loan
- Standard Federal Bank for Savings
- City: Chicago
- State: Illinois
- Address: 4192 South Archer
- County: Cook
- Zip code: 60632
Jenee’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their child support investigator job and their future career as a switchboard operator
Jenee’s Transunion score was changed by the high risk loan loan, changing to 301 from 316, which is normal in our experience.
Before applying for this high risk loan, Jenee had an Experian score of 333, which is terrible, so Standard Federal Bank for Savings most likely cannot provide Jenee a high risk loan
Many previous requests for credit have been made by Jenee in the past, including one from First National Bank in Chicago, Illinois before Jenee was approved for the $172000 by Standard Federal Bank for Savings
Jenee made 7 previous tries to obtain a high risk loan, 2 of which were with First National Bank, a lender in Chicago, Illinois known to specialize in high risk loans specifically. Prior to finding Standard Federal Bank for Savings, Jenee was very concerned due to their inexperience and terrible credit score.
When Jenee was 18, they attempted to obtain a student loan from 5 alternate lenders, which harmed their credit score. Below is a list of Jenee’s previous attempts at finding a student loan:
- Attempt 1) Loan for $32,000.00 on November 30, 2008
- Attempt 2) Loan for $24,000.00 on September 23, 2012
- Attempt 3) Loan for $34,000.00 on October 26, 2008
- Attempt 4) Loan for $36,000.00 on July 25, 2011
- Attempt 5) Loan for $31,000.00 on December 30, 2011
Previous requests on Jenee’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$140210.00||6||8.3%||$2478.92||The Gerber State Bank||June 15, 2012|
|$140210.00||11||10.6%||$1803.35||The Belvidere National Bank and Trust Company||January 14, 2014|
|$140150.00||8||7.1%||$1917.75||Commerce Bank||May 19, 2014|
|$139610.00||3||9.8%||$4491.72||Byron Bank||March 5, 2015|
|$139620.00||8||8.4%||$2002.27||Amalgamated Bank of Chicago||May 25, 2015|
8 Months in the Past, Jenee Tried to Find a High Risk Loan for $31,000.00, and it was Easy
There is an existing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Jenee. Jenee chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Borrowers with credit ratings as low as 365 can inquire for a high risk loan and possibly can be approved.
Conclusion of Jenee’s high risk loan
In the end, Jenee was able to find a high risk loan for $172000 with an interest rate of 7.1% interest APR from Standard Federal Bank for Savings in Chicago, Illinois repayable over 24 years from today.