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16 Month, Variable Interest Unsecured Loan For Shela In Illinois

$87000 Unsecured Loan – Fairfield Illinois, Credit Score Of 772

  • Experian: 782 – This client had an excellent Experian rating
  • Transunion: 757 – Shela had an excellent credit score with Transunion.
  • Equifax: Shela’s Experian score was 772, which is an excellent credit rating on the Experian system.

Multiple other requests for credit have been made by Shela in the past, including one from Park National Bank in Fairfield, Illinois before Shela was approved for the $87000 by The Fairfield National Bank

Shela made 4 prior attempts to obtain an unsecured loan, 2 of which were with Park National Bank, a bank in Fairfield, Illinois known to specialize in unsecured loans specifically. Prior to finding The Fairfield National Bank, Shela was very concerned due to their inexperience and excellent credit rating.

Installment loan for Shela, a graduate of Gordon-Conwell Theological Seminary and an agricultural crop farm manager working for over $77,000 per year

Shela, an alumnus at Gordon-Conwell Theological Seminary and an agricultural crop farm manager in Fairfield, Illinois needs an unsecured loan to purchase something frivolous. Shela has instead chosen to obtain an installment loan for $4,000 and is currently seeking lenders like Commerce Bank to process their request.

Fast Loans for Shela in Fairfield, Illinois to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Fairfield, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Shela. Shela was able to find a fast loan for $87000 from Community Banks of Shelby County and Community Banks of Shelby County, but declined both offers in favor of their unsecured loan from The Fairfield National Bank. 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. A big improvement if a client is on the go.

Previous requests on Shela’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$38570.00 5 8.3% $787.61 The Gerber State Bank March 28, 2014
$39420.00 6 11.8% $766.57 The Belvidere National Bank and Trust Company June 13, 2015
$39420.00 9 7.4% $501.02 Commerce Bank July 21, 2015
$39480.00 5 11.5% $868.27 Byron Bank July 31, 2015
$38790.00 11 10.2% $490.05 Amalgamated Bank of Chicago August 11, 2015

Contact Details for The Fairfield National Bank, the provider of this unsecured loan

  • The Fairfield National Bank
  • City: Fairfield
  • State: Illinois
  • Address: 220 East Main Street
  • County: Wayne
  • Zip code: 62837

Shela’s Transunion score was altered by the unsecured loan loan, changing to 757 from 772, which is normal in our experience.

Transunion Score: 757

When Shela was 19, they tried to obtain a student loan from 5 different banks, which harmed their credit rating. Below is a chronology of Shela’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on June 3, 2013
  • Attempt 2) Loan for $38,000.00 on October 26, 2011
  • Attempt 3) Loan for $33,000.00 on September 22, 2009
  • Attempt 4) Loan for $27,000.00 on September 29, 2011
  • Attempt 5) Loan for $21,000.00 on September 2, 2010

Shela has a low current gross income, but has several of prospects

Shela has always wanted to be a technical & scientific publications editor, but would have to attend Gordon-Conwell Theological Seminary again to achieve it. Shela has other possibilities as well, including sport’s/entertainment agent, order clerk, and contract administrator, which pay $51,000 through to $109,000 per year, on average. For this reason, we believe that Shela can afford this unsecured loan of $87000.

Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $25,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Shela needed a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Shela was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.1%.

Paraphrased and Standardized Quote from Shela for this unsecured loan of $87000, provided by The Fairfield National Bank

Hi, I am Shela and my hometown is Fairfield in Illinois. Wayne, county is where I grew up, and now I need a unsecured loan in Illinois for $87000 to avoid bankruptcy. It has been difficult, but The Fairfield National Bank really came through for me with this loan for 9.2% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to The Fairfield National Bank for giving me a chance and my excellent credit. It look me 6 years to create my credit to 772, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

Personal Loan for an agricultural crop farm manager named Shela in Fairfield, Illinois to Pay Off Bank of Akron Visa

Shela had a lot of credit card debt on their Tioga State Bank Visa Business Bonus Rewards PLUS Card and their Bank of Hawaii Credit Cards, and they were starting to get in over their heads. Despite Shela’s job as an agricultural crop farm manager, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Shela was not approved by Farmers & Mechanics Bank 4 times prior to being accepted by The Fairfield National Bank at 220 East Main Street

On July 21, 2011, Shela applied about borrowing $19,000 from Harris Trust and Savings Bank with Karma, their in law from just outside Fairfield, and even with the co-signer, Shela was rejected for this unsecured loan. With excellent credit, it can be challenging to procure funding, even with collateral and a co-signer.

Shela’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their agricultural crop farm manager job and their future job as a technical & scientific publications editor

Fico Score: 772

9 Months Ago, Shela Tried to Find a High Risk Loan for $30,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Shela. Shela chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit clients. Borrowers with credit ratings as low as 483 can inquire for a high risk loan and possibly can be approved.

Before applying for this unsecured loan, Shela had an Experian score of 782, which is excellent, so The Fairfield National Bank most likely cannot provide Shela an unsecured loan

Experian Score: 782

Client Profile: Shela Oliveres of Fairfield, Illinois
  • Full name (Changed if requested): Shela Oliveres
  • Current Credit: loans.hit.utils.Fico@2a33fae0
  • Current City: Fairfield
  • State: Illinois
  • Zip code: 62841
  • Yearly income: $32,000
  • Current Job: agricultural crop farm manager
  • Current County: Wayne
  • Goal Yearly Income: $95,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Signature Loan found in Fairfield, Illinois for $87000 with excellent credit by Shela

Most borrowers have difficulty with obtaining signature loans in Fairfield, Illinois, and Shela is the same. Shela went to 7 lenders or more before finding The Fairfield National Bank, who offered Shela a signature loan for $87000. Typical signature loans simply need a client, like Shela’s signature to obtain them, up to $27,000 in some cases. Shela was able to get $87000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not need a cosigner, they tend to need higher credit, as high as 790

Conclusion of Shela’s unsecured loan

In the end, Shela was able to find an unsecured loan for $87000 with an interest rate of 9.1% interest APR from The Fairfield National Bank in Fairfield, Illinois repayable over 16 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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