$82000 Mortgage – Decatur Illinois, Credit Score Of 823
- Experian: 841 – They had an excellent Experian score
- Transunion: 810 – Kizzy had an excellent credit score with Transunion.
- Equifax: Kizzy’s Experian score was 823, which is an excellent credit rating using the Experian system.
Contact Details for South Shores National Bank of Decatur, the provider of this mortgage
- South Shores National Bank of Decatur
- City: Decatur
- State: Illinois
- Address: 500 West Southland Drive
- County: Macon
- Zip code: 62521
Kizzy was not approved by The Belvidere National Bank and Trust Company 5 times prior to being accepted by South Shores National Bank of Decatur at 500 West Southland Drive
On August 13, 2010, Kizzy applied about borrowing $44,000 from The Northern Trust Company with Conrad, their friend from just outside Decatur, and even with the co-signer, Kizzy was rejected for this mortgage. With excellent credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Multiple past requests for credit have been made by Kizzy in the past, including one from Texas Commerce Bank – Casa Linda, National Association in Decatur, Illinois before Kizzy was approved for the $82000 by South Shores National Bank of Decatur
Kizzy made 5 previous tries to obtain a mortgage, 2 of which were with Texas Commerce Bank – Casa Linda, National Association, a lending institution in Decatur, Illinois known to specialize in mortgages specifically. Prior to finding South Shores National Bank of Decatur, Kizzy was desperate due to their inexperience and excellent credit score.
Installment loan for Kizzy, a graduate of Illinois Institute of Technology and a meter mechanic working for over $79,000 per year
Kizzy, an alumnus at Illinois Institute of Technology and a meter mechanic in Decatur, Illinois wants a mortgage to purchase a new cell phone. Kizzy has instead chosen to obtain an installment loan for $29,000 and is currently seeking lenders like First Chicago Bank of Oak Park to process their request.
Kizzy’s Overall FICO score at the time of acceptance for a mortgage, taking into account their meter mechanic job and their future career as a sales representative
Kizzy has a disappointing current gross income, but has several of prospects
Kizzy has always wanted to be a sales representative, but would need attend Illinois Institute of Technology again to become one. Kizzy has other prospects as well, including fishery worker supervisor, computer security specialist, and child care center administrator, which pay $57,000 through to $101,000 per year, on average. Because of this, we think that Kizzy can afford this mortgage of $82000.
Previous requests on Kizzy’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$72330.00||6||10.4%||$1354.61||The Gerber State Bank||August 3, 2011|
|$72330.00||7||9.3%||$1174.77||The Belvidere National Bank and Trust Company||October 4, 2013|
|$71790.00||9||9.3%||$983.7||Commerce Bank||May 14, 2015|
|$72470.00||5||6.6%||$1421.36||Byron Bank||July 31, 2015|
Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans vary from $24,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Kizzy required a debt consolidation loan to pay for their existing mortgage and their credit card. Kizzy was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.8%.
8 Months Ago, Kizzy Attempted Finding a High Risk Loan for $36,000.00, and it was Easy
There is an existing struggle for borrowers to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Kizzy. Kizzy chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Borrowers with credit ratings as low as 339 can apply for a high risk loan and may be be approved.
Before applying for this mortgage, Kizzy had an Experian score of 841, which is excellent, so South Shores National Bank of Decatur most likely cannot provide Kizzy a mortgage
When Kizzy was 23, they attempted to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a list of Kizzy’s previous attempts at finding a student loan:
- Attempt 1) Loan for $20,000.00 on March 13, 2012
- Attempt 2) Loan for $22,000.00 on January 28, 2009
- Attempt 3) Loan for $34,000.00 on July 15, 2010
- Attempt 4) Loan for $37,000.00 on April 29, 2012
Fast Loans for Kizzy in Decatur, Illinois to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Decatur, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Kizzy. Kizzy was able to find a fast loan for $82000 from Central National Bank of Mattoon and State Bank of Niantic, but turned down both offers in favor of their mortgage from South Shores National Bank of Decatur. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. Much better if a client is in a time sensitive situation.
Signature Loan found in Decatur, Illinois for $82000 with excellent credit by Kizzy
Most prospective borrowers struggle with finding signature loans in Decatur, Illinois, and Kizzy is not an exception. Kizzy went to 6 lending institutions or more before finding South Shores National Bank of Decatur, who offered Kizzy a signature loan for $82000. Most signature loans simply need a client, like Kizzy’s signature to obtain them, up to $25,000 in some cases. Kizzy was able to get $82000 as a mortgage, which is very high for a mortgage. Because signature loans don’t need collateral, they generally need higher credit, as high as 797
Paraphrased and Standardized Quote from Kizzy for this mortgage of $82000, provided by South Shores National Bank of Decatur
Hello, I am Kizzy and my hometown is Decatur in Illinois. Macon, county is where I grew up, and now I need a mortgage in Illinois for $82000 to buy a big ticket item. It has been difficult, but South Shores National Bank of Decatur really came through for me with this loan for 5.5% interest APR and a term of 8 years. I will repay the loan over the 8 year term, including interest. A big thanks to South Shores National Bank of Decatur for trusting me and my excellent credit. It look me 9 years to build my credit to 823, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.
Kizzy’s Transunion score was changed by the mortgage loan, changing to 810 from 823, which is normal in our experience.
- Full name (Changed if requested): Kizzy Saum
- Current Credit: loans.hit.utils.Fico@759ebb3d
- Current City: Decatur
- State: Illinois
- Zip code: 62528
- Yearly income: $61,000
- Current Job: meter mechanic
- Current County: Macon
- Goal Yearly Income: $143,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Personal Loan for a meter mechanic named Kizzy in Decatur, Illinois to Pay Off Citi Chairman American Express Card
Kizzy had a lot of credit card debt on their CFCU Credit Union Visa Chadwicks Fashion Points Visa Card and their BancorpSouth MasterCard BusinessCard, and they were starting to get in over their heads. Despite Kizzy’s job as a meter mechanic, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Conclusion of Kizzy’s mortgage
In the end, Kizzy was able to find a mortgage for $82000 with an interest rate of 6.0% interest APR from South Shores National Bank of Decatur in Decatur, Illinois repayable over 8 years from now.