$14000 Consolidation Loan – Norris City Illinois, Credit Score Of 425
- Experian: 435 – This individual had a bad Experian rating
- Transunion: 410 – Tess had a bad credit rating with Transunion.
- Equifax: Tess’s Experian score was 425, which is a bad credit rating using the Experian system.
When Tess was 18, they attempted to obtain a student loan from 5 alternate banks, which damaged their credit score. Below is a chronology of Tess’s prior attempts at finding a student loan:
- Attempt 1) Loan for $33,000.00 on December 25, 2012
- Attempt 2) Loan for $21,000.00 on September 20, 2011
- Attempt 3) Loan for $33,000.00 on August 9, 2012
- Attempt 4) Loan for $25,000.00 on January 2, 2012
- Attempt 5) Loan for $20,000.00 on January 4, 2009
Tess’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their cook job and their future career as a casino surveillance officer
Previous requests on Tess’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$136690.00||10||8.8%||$1716.77||The Gerber State Bank||November 15, 2010|
|$136880.00||4||6.5%||$3246.1||The Belvidere National Bank and Trust Company||December 30, 2012|
|$137120.00||3||8.8%||$4347.63||Commerce Bank||February 22, 2013|
|$136740.00||9||7.2%||$1723.99||Byron Bank||December 3, 2013|
|$137490.00||11||5.8%||$1411.38||Amalgamated Bank of Chicago||September 29, 2014|
Before applying for this consolidation loan, Tess had an Experian score of 435, which is bad, so Banterra Bank of Norris City probably cannot provide Tess a consolidation loan
Tess’s Transunion score was altered by the consolidation loan loan, changing to 410 from 425, which is normal in our experience.
Tess was declined by Commerce Bank 6 times before being approved by Banterra Bank of Norris City at East Main Street
On May 1, 2009, Tess applied about borrowing $13,000 from Merchandise National Bank of Chicago with Cleo, their friend from just outside Norris City, and even with the co-signer, Tess was rejected for this consolidation loan. With bad credit, it can be very hard to obtain funding, even with collateral and a co-signer.
Signature Loan easily acquired in Norris City, Illinois for $14000 with bad credit by Tess
A lot of borrowers have difficulty with obtaining signature loans in Norris City, Illinois, and Tess is no exception. Tess went to 5 lending institutions or more prior to settling on Banterra Bank of Norris City, who offered Tess a signature loan for $14000. Typical signature loans simply require a client, like Tess’s signature to obtain them, up to $36,000 in some cases. Tess was able to get $14000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not require a cosigner, these loans tend to require improved credit, as high as 721
Paraphrased and Standardized Quote from Tess for this consolidation loan of $14000, provided by Banterra Bank of Norris City
Hi, I am Tess and my hometown is Norris City in Illinois. White, county is where I grew up, and now I need a consolidation loan in Illinois for $14000 to buy a big ticket item. It wasn’t easy, but Banterra Bank of Norris City really came through for me with this loan for 11.6% interest APR and a term of 6 years. I will repay the loan over the 6 year term, including interest. A big thanks to Banterra Bank of Norris City for trusting me and my bad credit. It look me 4 years to build my credit to 425, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.
Fast Loans for Tess in Norris City, Illinois to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Norris City, Illinois aren’t actually that difficult to obtain, particularly if you have some finesse like Tess. Tess was able to find a fast loan for $14000 from LaSalle Bank NI and Community Banks of Shelby County, but turned down both offers in favor of their consolidation loan from Banterra Bank of Norris City. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. An improvement if you are in a pinch.
Several past requests for credit have been made by Tess in the past, including one from State Bank of Prairie City in Norris City, Illinois before Tess was accepted for the $14000 by Banterra Bank of Norris City
Tess made 7 previous tries to obtain a consolidation loan, 2 of which were with State Bank of Prairie City, a lender in Norris City, Illinois known to specialize in consolidation loans specifically. Prior to finding Banterra Bank of Norris City, Tess was concerned due to their inexperience and bad credit score.
Tess has a very low current gross income, but has a large amount of prospects
Tess has always wanted to be a casino surveillance officer, but would need attend Hazard Community and Technical College again to become one. Tess has other prospects as well, including library assistant, biological technician, and health care facilities inspector, which pay $58,000 through to $92,000 per year, on average. Because of this, we think that Tess can afford this consolidation loan of $14000.
- Full name (Changed if requested): Tess Knoepfler
- Current Credit: loans.hit.utils.Fico@484b61fc
- Current City: Norris City
- State: Illinois
- Zip code: 62871
- Yearly income: $59,000
- Current Job: cook
- Current County: White
- Goal Yearly Income: $116,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
9 Months Ago, Tess Attempted to Find a High Risk Loan for $24,000.00, and it was Easy
There is an ongoing struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Tess. Tess chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Individuals with credit scores as low as 575 can inquire for a high risk loan and possibly can be accepted.
Contact Details for Banterra Bank of Norris City, the provider of this consolidation loan
- Banterra Bank of Norris City
- City: Norris City
- State: Illinois
- Address: East Main Street
- County: White
- Zip code: 62869
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans range from $38,000.00 to $48,000.00. They are normally used to pay off existing high interest loans like credit cards. Tess required a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Tess was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.0%.
Personal Loan for a cook named Tess in Norris City, Illinois to Pay Off Goody’s Credit Card
Tess had a tonne of credit card debt on their BankFIRST Visa Signature Card and their Justice FCU Student Rewards Visa Card, and they were starting to get in over their heads. Despite Tess’s job as a cook, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Installment loan for Tess, a graduate of Hazard Community and Technical College and a cook working for over $71,000 per year
Tess, an alumnus at Hazard Community and Technical College and a cook in Norris City, Illinois needs a consolidation loan to purchase a new cell phone. Tess has instead decided to get an installment loan for $26,000 and is currently seeking lenders like Greatbank Chicago to process their request.
Conclusion of Tess’s consolidation loan
In the end, Tess was able to find a consolidation loan for $14000 with an interest rate of 11.7% interest APR from Banterra Bank of Norris City in Norris City, Illinois repayable over 6 years from now.