$30000 Private Loan – Hohenwald Tennessee, Credit Rating Of 777
- Experian: 795 – They had an excellent Experian rating
- Transunion: 761 – Ray had an excellent credit rating with Transunion.
- Equifax: Ray’s Experian score was 777, which is an excellent credit score on the Experian rating scheme.
7 Months in the Past, Ray Tried Finding a High Risk Loan for $37,000.00, and it was Hard
It is an existing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Ray. Ray chose not to get a high risk loan this time. High Risk loans are given to very low credit applicants. Clients with credit ratings as low as 413 can inquire for a high risk loan and have a chance to be accepted.
Personal Loan for a commercial designer named Ray in Hohenwald, Tennessee to Pay Off Tioga State Bank Visa Business Bonus Rewards PLUS Card
Ray had a lot of credit card debt on their Fifth Third Bank Secured MasterCard and their Northwestern University Platinum MasterCard, and they were starting to get in over their heads. Despite Ray’s job as a commercial designer, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.
When Ray was 24, they tried to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a list of Ray’s previous attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on December 30, 2010
- Attempt 2) Loan for $22,000.00 on December 26, 2012
- Attempt 3) Loan for $35,000.00 on June 29, 2010
- Attempt 4) Loan for $26,000.00 on April 24, 2009
- Attempt 5) Loan for $32,000.00 on January 26, 2011
- Attempt 6) Loan for $35,000.00 on May 24, 2013
- Attempt 7) Loan for $28,000.00 on March 17, 2010
- Full name (Changed if requested): Ray Kramper
- Current Credit: loans.hit.utils.Fico@51521cc1
- Current City: Hohenwald
- State: Tennessee
- Zip code: 38466
- Yearly income: $57,000
- Current Job: commercial designer
- Current County: Lewis
- Goal Yearly Income: $133,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Before applying for this private loan, Ray had an Experian score of 795, which is excellent, so Hohenwald Bank & Trust Co. most likely cannot provide Ray a private loan
Contact Details for Hohenwald Bank & Trust Co., the provider of this private loan
- Hohenwald Bank & Trust Co.
- City: Hohenwald
- State: Tennessee
- Address: 30 West Main Street
- County: Lewis
- Zip code: 38462
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Average debt consolidation loans vary from $33,000.00 to $59,000.00. They are typically used to pay off existing high interest loans like credit cards. Ray needed a debt consolidation loan to pay for their existing private loan and their payday loan. Ray was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.0%.
Previous requests on Ray’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$102710.00||3||6.4%||$3143.29||Citizens Bank||October 28, 2008|
|$103330.00||9||6.7%||$1276.63||SunTrust Bank, Chattanooga, National Association||January 28, 2009|
|$103240.00||6||10.8%||$1954.52||GreenBank||October 18, 2010|
|$103400.00||6||11.2%||$1978.73||CommunityFIRST Bank||April 20, 2011|
Ray’s Overall FICO score at the time of acceptance for a private loan, taking into account their commercial designer job and their future job as an agricultural sciences professor
Installment loan for Ray, a graduate of US Army Dental Activity/Tripler Advanced Education in General Dentistry 24 Months and a commercial designer working for over $77,000 per year
Ray, an alumnus at US Army Dental Activity/Tripler Advanced Education in General Dentistry 24 Months and a commercial designer in Hohenwald, Tennessee needs a private loan to purchase something frivolous. Ray has instead decided to obtain an installment loan for $8,000 and is at present seeking lenders like Bells Banking Company to process their request.
Many other requests for credit have been made by Ray in the past, including one from First Illinois Bank of LaGrange in Hohenwald, Tennessee before Ray was accepted for the $30000 by Hohenwald Bank & Trust Co.
Ray made 6 previous tries to obtain a private loan, 2 of which were with First Illinois Bank of LaGrange, a lender in Hohenwald, Tennessee known to specialize in private loans specifically. Prior to finding Hohenwald Bank & Trust Co., Ray was very concerned due to their inexperience and excellent credit rating.
Ray has a sad current yearly income, but has a high number of prospects
Ray has always wanted to be an agricultural sciences professor, but would have to attend US Army Dental Activity/Tripler Advanced Education in General Dentistry 24 Months again to achieve it. Ray has other prospects as well, including landscape architect, vocational education teachers, and fire inspector, which pay $50,000 through to $106,000 per year, at least. For this reason, we think that Ray can afford this private loan of $30000.
Ray was rejected by Peoples and Union Bank 7 times prior to being granted funding by Hohenwald Bank & Trust Co. at 30 West Main Street
On December 3, 2013, Ray applied about borrowing $40,000 from The Bank of Goodlettsville with Layla, their in law from just outside Hohenwald, and even with the co-signer, Ray was rejected for this private loan. With excellent credit, it can be a challenge to procure financing, even with collateral and a co-signer.
Ray’s Transunion score was changed by the private loan loan, changing to 761 from 777, which is normal in our experience.
Signature Loan acquired in Hohenwald, Tennessee for $30000 with excellent credit by Ray
A lot of borrowers struggle with obtaining signature loans in Hohenwald, Tennessee, and Ray is the same. Ray went to 7 lenders or more prior to settling on Hohenwald Bank & Trust Co., who offered Ray a signature loan for $30000. Most signature loans simply require a client, like Ray’s signature to obtain them, up to $36,000 in some cases. Ray was able to get $30000 as a private loan, which is very high for a private loan. Since signature loans do not require collateral, these loans generally require higher credit, as high as 737
Paraphrased and Standardized Quote from Ray for this private loan of $30000, provided by Hohenwald Bank & Trust Co.
Hello, I am Ray and I’m from Hohenwald in Tennessee. Lewis, county is where I grew up, and now I need a private loan in Tennessee for $30000 to renovate my home. It wasn’t easy, but Hohenwald Bank & Trust Co. really came through for me with this loan for 11.6% interest APR and a term of 8 years. I can repay the loan over the 8 year term, including interest. A big thanks to Hohenwald Bank & Trust Co. for trusting me and my excellent credit. It look me 7 years to build my credit to 777, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.
Fast Loans for Ray in Hohenwald, Tennessee to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Hohenwald, Tennessee aren’t actually that difficult to obtain, particularly if you have some finesse like Ray. Ray was able to find a fast loan for $30000 from DeKalb County Bank & Trust Company and Peoples Bank & Trust Company, but declined both offers in favor of their private loan from Hohenwald Bank & Trust Co.. 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 7 weeks for personal loans. A big difference in the case that you are in a pinch.
Conclusion of Ray’s private loan
In the end, Ray was able to find a private loan for $30000 with an interest rate of 10.7% interest APR from Hohenwald Bank & Trust Co. in Hohenwald, Tennessee repayable over 8 years from now.