$132000 Student Loan – Middlesboro Kentucky, Credit Score Of 446
- Experian: 464 – This client had a bad Experian score
- Transunion: 432 – Napoleon had a bad credit score with Transunion.
- Equifax: Napoleon’s Experian score was 446, which is a bad credit rating with the Experian rating scheme.
Many previous requests for credit have been made by Napoleon in the past, including one from Lanier Bank & Trust Company in Middlesboro, Kentucky before Napoleon was accepted for the $132000 by Home Federal Bank Corporation
Napoleon made 7 prior attempts to obtain a student loan, 2 of which were with Lanier Bank & Trust Company, a lender in Middlesboro, Kentucky known to specialize in student loans specifically. Prior to finding Home Federal Bank Corporation, Napoleon was concerned due to their inexperience and bad credit score.
Fast Loans for Napoleon in Middlesboro, Kentucky to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Middlesboro, Kentucky aren’t actually that difficult to obtain, especially if you have some finesse like Napoleon. Napoleon was able to find a fast loan for $132000 from Bank of Hindman and Citizens Bank, but turned down both offers in favor of their student loan from Home Federal Bank Corporation. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big difference if a client is in a time sensitive situation.
- Full name (Changed if requested): Napoleon Fraiser
- Current Credit: loans.hit.utils.Fico@5b37e0d2
- Current City: Middlesboro
- State: Kentucky
- Zip code: 40972
- Yearly income: $60,000
- Current Job: public transportation inspector
- Current County: Bell
- Goal Yearly Income: $93,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Napoleon’s Transunion score was changed by the student loan loan, changing to 432 from 446, which is normal in our experience.
Contact Details for Home Federal Bank Corporation, the provider of this student loan
- Home Federal Bank Corporation
- City: Middlesboro
- State: Kentucky
- Address: 1602-08 East Cumberland Avenue
- County: Bell
- Zip code: 40965
Napoleon was declined by Jackson County Bank 7 times prior to being approved by Home Federal Bank Corporation at 1602-08 East Cumberland Avenue
On December 22, 2011, Napoleon applied about borrowing $15,000 from Farmers Deposit Bank with Toni, their friend from just outside Middlesboro, and even with the co-signer, Napoleon was rejected for this student loan. With bad credit, it can be difficult to procure funding, even with collateral and a co-signer.
Signature Loan acquired in Middlesboro, Kentucky for $132000 with bad credit by Napoleon
Most clients have difficulty with finding signature loans in Middlesboro, Kentucky, and Napoleon is no different. Napoleon went to 8 lenders or more before finding Home Federal Bank Corporation, who offered Napoleon a signature loan for $132000. Typical signature loans simply need a client, like Napoleon’s signature to get them, up to $23,000 in some cases. Napoleon was able to get $132000 as a student loan, which is very high for a student loan. Because signature loans do not need a cosigner, these loans generally require higher credit, as high as 796
Napoleon has a sad current total income, but has a large amount of prospects
Napoleon has always wanted to be a baker, but would need attend McDaniel College again to achieve it. Napoleon has other possibilities as well, including industrial engineering technician, fish & game warden, and office machine mechanic, which pay $58,000 through to $90,000 per year, on average. For this reason, we believe that Napoleon can pay for this student loan of $132000.
Installment loan for Napoleon, a graduate of McDaniel College and a public transportation inspector working for over $73,000 per year
Napoleon, an alumnus at McDaniel College and a public transportation inspector in Middlesboro, Kentucky needs a student loan to purchase a house. Napoleon has instead chosen to obtain an installment loan for $9,000 and is at present seeking lenders like Community Financial Services Bank to process their request.
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $28,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Napoleon required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Napoleon was able to find a student loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.8%.
When Napoleon was 19, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a list of Napoleon’s previous attempts at finding a student loan:
- Attempt 1) Loan for $34,000.00 on February 10, 2012
- Attempt 2) Loan for $39,000.00 on February 7, 2010
- Attempt 3) Loan for $27,000.00 on December 19, 2008
- Attempt 4) Loan for $36,000.00 on May 1, 2012
Paraphrased and Standardized Quote from Napoleon for this student loan of $132000, provided by Home Federal Bank Corporation
Hi, I am Napoleon and I am from Middlesboro in Kentucky. Bell, county is where I grew up, and now I need a student loan in Kentucky for $132000 to buy a big ticket item. It wasn’t easy, but Home Federal Bank Corporation really came through for me with this loan for 6.4% interest APR and a term of 23 years. I can repay the loan over the 23 year term, including interest. A big thanks to Home Federal Bank Corporation for giving me a chance and my bad credit. It look me 9 years to create my credit to 446, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.
Before applying for this student loan, Napoleon had an Experian score of 464, which is bad, so Home Federal Bank Corporation probably cannot provide Napoleon a student loan
Previous requests on Napoleon’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$98320.00||3||7.8%||$3071.93||Stock Yards Bank & Trust Company||June 27, 2010|
|$98390.00||11||5.5%||$995.11||Farmers Deposit Bank of Brandenburg||August 18, 2011|
|$98150.00||3||10.5%||$3190.11||Citizens Bank||May 9, 2013|
|$98150.00||11||7.3%||$1083.77||Citizens Bank & Trust Company, Burgin, Kentucky||September 16, 2013|
Personal Loan for a public transportation inspector named Napoleon in Middlesboro, Kentucky to Pay Off Patelco Credit Union Credit Cards
Napoleon had a tonne of credit card debt on their Cincinnati Reds BankAmericard Cash Rewards MasterCard and their Speedway SuperFleet Credit Card, and they were starting to get in over their heads. Despite Napoleon’s job as a public transportation inspector, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Napoleon’s Overall FICO score at the time of acceptance for a student loan, taking into account their public transportation inspector job and their future career as a baker
6 Months in the Past, Napoleon Tried to Find a High Risk Loan for $22,000.00, 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 frightening to borrowers like Napoleon. Napoleon decided not to get a high risk loan this time. High Risk loans are given to bad credit individuals. Clients with credit ratings as low as 490 can inquire for a high risk loan and have a chance to be accepted.
Conclusion of Napoleon’s student loan
In the end, Napoleon was able to find a student loan for $132000 with an interest rate of 8.8% interest APR from Home Federal Bank Corporation in Middlesboro, Kentucky repayable over 23 years from now.