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$6000 Student Loan With Terrible Credit In Chicago Illinois

$6000 Student Loan – Chicago Illinois, Credit Rating Of 332

  • Experian: 347 – The client had a terrible Experian rating
  • Transunion: 316 – Irish had a terrible credit rating with Transunion.
  • Equifax: Irish’s Experian score was 332, which is a terrible credit score on the Experian scale.

Personal Loan for a sports physician named Irish in Chicago, Illinois to Pay Off Lane Home Furnishings Credit Card

Irish had a tonne of credit card debt on their Arvest Premier Visa Purchasing Card and their Tioga State Bank Visa Business Bonus Rewards Card, and they were starting to get in over their heads. Despite Irish’s job as a sports physician, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Irish, a graduate of Dartmouth College and a sports physician working for over $65,000 per year

Irish, an alumnus at Dartmouth College and a sports physician in Chicago, Illinois needs a student loan to purchase a house. Irish has instead decided to get an installment loan for $11,000 and is currently seeking lenders like The Gerber State Bank to process their request.

6 Months in the Past, Irish Tried to Find a High Risk Loan for $44,000.00, and it was Easy

It is an well known struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Irish. Irish decided not to obtain a high risk loan this time. High Risk loans are given to very low credit borrowers. Clients with credit ratings as low as 337 can apply for a high risk loan and may be be approved.

Paraphrased and Standardized Quote from Irish for this student loan of $6000, provided by Builders Bank

Hi, I am Irish and I am from Chicago in Illinois. Cook, county is where I grew up, and now I need a student loan in Illinois for $6000 to buy a car. It has been difficult, but Builders Bank really came through for me with this loan for 7.0% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to Builders Bank for trusting me and my terrible credit. It look me 9 years to create my credit to 332, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Fast Loans for Irish in Chicago, Illinois to prevent bankruptcy or harm from debt collectors.

Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Irish. Irish was able to find a fast loan for $6000 from The Northern Trust Company and NBD Bank Evanston, National Association, but turned down both offers in favor of their student loan from Builders Bank. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big improvement if you are on the go.

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $38,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Irish required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Irish was able to find a student loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.6%.

Several other requests for credit have been made by Irish in the past, including one from First Wisconsin Bank and Trust Company in Chicago, Illinois before Irish was accepted for the $6000 by Builders Bank

Irish made 9 prior attempts to obtain a student loan, 2 of which were with First Wisconsin Bank and Trust Company, a bank in Chicago, Illinois known to specialize in student loans specifically. Prior to finding Builders Bank, Irish was very concerned due to their inexperience and terrible credit score.

When Irish was 19, they tried to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a chronology of Irish’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on November 24, 2011
  • Attempt 2) Loan for $28,000.00 on August 23, 2012
  • Attempt 3) Loan for $37,000.00 on September 10, 2011
  • Attempt 4) Loan for $33,000.00 on September 29, 2010

Before applying for this student loan, Irish had an Experian score of 347, which is terrible, so Builders Bank likely cannot provide Irish a student loan

Experian Score: 347

Contact Details for Builders Bank, the provider of this student loan

  • Builders Bank
  • City: Chicago
  • State: Illinois
  • Address: 203 North Lasalle Street, Suite M-5
  • County: Cook
  • Zip code: 60601

Signature Loan easily acquired in Chicago, Illinois for $6000 with terrible credit by Irish

Most borrowers have difficulty with finding signature loans in Chicago, Illinois, and Irish is the same. Irish went to 7 lenders or more before finding Builders Bank, who offered Irish a signature loan for $6000. Most signature loans simply need a client, like Irish’s signature to obtain them, up to $39,000 in some cases. Irish was able to get $6000 as a student loan, which is very high for a student loan. Because signature loans don’t need a cosigner, these loans tend to require higher credit, as high as 732

Irish was not approved by Farmers & Mechanics Bank 5 times prior to being granted funding by Builders Bank at 203 North Lasalle Street, Suite M-5

On February 24, 2010, Irish inquired about borrowing $18,000 from Commerce Bank with Cassi, their in law from just outside Chicago, and even with the co-signer, Irish was rejected for this student loan. With terrible credit, it can be very hard to procure funding, even with collateral and a co-signer.

Previous requests on Irish’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$137410.00 3 8.6% $4344.07 The Gerber State Bank December 26, 2011
$137270.00 7 5.8% $1992.18 The Belvidere National Bank and Trust Company August 1, 2013
$136520.00 6 5.2% $2211.33 Commerce Bank December 14, 2013
$137470.00 8 8.2% $1957.37 Byron Bank January 5, 2015
$136700.00 5 9.1% $2844.31 Amalgamated Bank of Chicago January 19, 2015
Client Profile: Irish Hepper of Chicago, Illinois
  • Full name (Changed if requested): Irish Hepper
  • Current Credit: loans.hit.utils.Fico@7b3300e5
  • Current City: Chicago
  • State: Illinois
  • Zip code: 60603
  • Yearly income: $32,000
  • Current Job: sports physician
  • Current County: Cook
  • Goal Yearly Income: $146,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Irish’s Transunion score was changed by the student loan loan, changing to 316 from 332, which is typical in our experience.

Transunion Score: 316

Irish has a disappointing current yearly income, but has several of prospects

Irish has always wanted to be a scientific photographer, but would need attend Dartmouth College again to become one. Irish has other prospects as well, including historical archivist, civil drafter, and dietetic technician, which pay $51,000 through to $96,000 per year, on average. Because of this, we believe that Irish can afford this student loan of $6000.

Irish’s Overall FICO score at the time of acceptance for a student loan, taking into account their sports physician job and their future job as a scientific photographer

Fico Score: 332

Conclusion of Irish’s student loan

In the end, Irish was able to find a student loan for $6000 with an interest rate of 10.0% interest APR from Builders Bank in Chicago, Illinois repayable over 15 years from today.

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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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.