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16 Month, Fixed Interest High Risk Loan For Mayme In West Virginia

$164000 High Risk Loan – Wheeling West Virginia, Credit Score Of 575

  • Experian: 588 – The client had a fair Experian score
  • Transunion: 560 – Mayme had a fair credit score with Transunion.
  • Equifax: Mayme’s Experian score was 575, which is a fair credit score on the Experian rating scheme.

Personal Loan for a materials inspector named Mayme in Wheeling, West Virginia to Pay Off Ace Rewards Visa Business Card

Mayme had a tonne of credit card debt on their HSBC Premier World MasterCard and their MetaBank BuyRIGHT Prepaid MasterCard, and they were starting to get in over their heads. Despite Mayme’s job as a materials inspector, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Mayme was 23, they attempted to obtain a student loan from 6 alternate banks, which damaged their credit rating. Below is a chronology of Mayme’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on October 12, 2010
  • Attempt 2) Loan for $20,000.00 on April 3, 2011
  • Attempt 3) Loan for $28,000.00 on February 5, 2009
  • Attempt 4) Loan for $20,000.00 on February 12, 2014
  • Attempt 5) Loan for $30,000.00 on July 28, 2009
  • Attempt 6) Loan for $36,000.00 on September 15, 2012

Mayme was rejected by First Peoples Bank, Inc. 6 times prior to being approved by Half Dollar Trust and Savings Bank at 1501 Market Street

On March 25, 2012, Mayme applied about borrowing $48,000 from West Union Bank with Vernetta, their in law from just outside Wheeling, and even with the co-signer, Mayme was rejected for this high risk loan. With fair credit, it can be challenging to procure funding, even with collateral and a co-signer.

Previous requests on Mayme’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$66480.00 11 5.6% $675.72 Wesbanco Bank Sistersville November 3, 2011
$66440.00 10 9.2% $848.84 Wesbanco Bank, Inc. June 15, 2012
$65810.00 11 5.1% $652.45 Peoples State Bank, National Association October 14, 2012
$65670.00 10 6.6% $749.02 Kanawha Banking & Trust Company National Association March 17, 2013

Fast Loans for Mayme in Wheeling, West Virginia to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Wheeling, West Virginia aren’t actually that difficult to obtain, especially if you have some gumption like Mayme. Mayme was able to find a fast loan for $164000 from Pendleton Community Bank, Inc. and The Commercial Bank of Bluefield, but turned down both offers in favor of their high risk loan from Half Dollar Trust and Savings Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference if a client is on the go.

Paraphrased and Standardized Quote from Mayme for this high risk loan of $164000, provided by Half Dollar Trust and Savings Bank

Hello, I am Mayme and my hometown is Wheeling in West Virginia. Ohio, county is where I grew up, and now I need a high risk loan in West Virginia for $164000 to renovate my home. It wasn’t easy, but Half Dollar Trust and Savings Bank really came through for me with this loan for 11.7% 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 Half Dollar Trust and Savings Bank for giving me a chance and my fair credit. It look me 7 years to create my credit to 575, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Before applying for this high risk loan, Mayme had an Experian score of 588, which is fair, so Half Dollar Trust and Savings Bank most likely cannot provide Mayme a high risk loan

Experian Score: 588

Contact Details for Half Dollar Trust and Savings Bank, the provider of this high risk loan

  • Half Dollar Trust and Savings Bank
  • City: Wheeling
  • State: West Virginia
  • Address: 1501 Market Street
  • County: Ohio
  • Zip code: 26003

Installment loan for Mayme, a graduate of Quality College of Culinary Careers and a materials inspector working for over $67,000 per year

Mayme, an alumnus at Quality College of Culinary Careers and a materials inspector in Wheeling, West Virginia wants a high risk loan to purchase a house. Mayme has instead chosen to obtain an installment loan for $21,000 and is at present seeking lenders like The Commercial Bank of Bluefield to provide it.

Mayme’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their materials inspector job and their future job as a school psychologist

Fico Score: 575

Mayme’s Transunion score was changed by the high risk loan loan, changing to 560 from 575, which is normal in our experience.

Transunion Score: 560

Mayme has a sad current yearly income, but has a high number of prospects

Mayme has always wanted to be a school psychologist, but would need attend Quality College of Culinary Careers again to achieve it. Mayme has other possibilities as well, including automotive glass installer, police officer, and general internists, which pay $53,000 through to $93,000 per year, on average. Because of this, we believe that Mayme can pay for this high risk loan of $164000.

Client Profile: Mayme Prottsman of Wheeling, West Virginia
  • Full name (Changed if requested): Mayme Prottsman
  • Current Credit: loans.hit.utils.Fico@2328c243
  • Current City: Wheeling
  • State: West Virginia
  • Zip code: 26004
  • Yearly income: $44,000
  • Current Job: materials inspector
  • Current County: Ohio
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Multiple previous requests for credit have been made by Mayme in the past, including one from Kaw Valley Bank in Wheeling, West Virginia before Mayme was approved for the $164000 by Half Dollar Trust and Savings Bank

Mayme made 5 previous attempts to obtain a high risk loan, 2 of which were with Kaw Valley Bank, a lender in Wheeling, West Virginia known to specialize in high risk loans specifically. Before finding Half Dollar Trust and Savings Bank, Mayme was concerned due to their inexperience and fair credit rating.

7 Months Ago, Mayme Attempted to Find a High Risk Loan for $24,000.00, and it was Hard

There is an ongoing struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Mayme. Mayme decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Individuals with credit scores as low as 365 can inquire for a high risk loan and have a chance to be accepted.

Signature Loan acquired in Wheeling, West Virginia for $164000 with fair credit by Mayme

A lot of prospective borrowers struggle with finding signature loans in Wheeling, West Virginia, and Mayme is no different. Mayme went to 7 lenders or more before finding Half Dollar Trust and Savings Bank, who offered Mayme a signature loan for $164000. Typical signature loans simply need a client, like Mayme’s signature to get them, up to $36,000 in some cases. Mayme was able to get $164000 as a high risk loan, which is very high for a high risk loan. Since signature loans don’t require collateral, they tend to need higher credit, as high as 766

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $26,000.00 to $54,000.00. They are normally used to pay off existing high interest loans like credit cards. Mayme required a debt consolidation loan to pay for their existing high risk loan and their loan shark loan. Mayme was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.1%.

Conclusion of Mayme’s high risk loan

In the end, Mayme was able to find a high risk loan for $164000 with an interest rate of 9.7% interest APR from Half Dollar Trust and Savings Bank in Wheeling, West Virginia repayable over 16 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.