$42000 Home Loan – Orland Park Illinois, Credit Rating Of 315
- Experian: 326 – This client had a terrible Experian score
- Transunion: 303 – Benito had a terrible credit score with Transunion.
- Equifax: Benito’s Experian score was 315, which is a terrible credit score on the Experian scale.
Many past requests for credit have been made by Benito in the past, including one from Main Line Bank in Orland Park, Illinois before Benito was accepted for the $42000 by George Washington Savings Bank
Benito made 5 previous attempts to obtain a home loan, 2 of which were with Main Line Bank, a bank in Orland Park, Illinois known to specialize in home loans specifically. Prior to finding George Washington Savings Bank, Benito was desperate due to their inexperience and terrible credit score.
Installment loan for Benito, a graduate of Elmhurst College and an elementary school administrator working for over $69,000 per year
Benito, an alumnus at Elmhurst College and an elementary school administrator in Orland Park, Illinois needs a home loan to purchase a house. Benito has instead decided to obtain an installment loan for $15,000 and is currently seeking lenders like Bank One, Illinois, National Association to process their request.
Benito was rejected by Community Banks of Shelby County 6 times prior to being approved by George Washington Savings Bank at 14701 South La Grange Road
On April 25, 2009, Benito inquired about borrowing $35,000 from Mercantile National Bank of Chicago with Ima, their friend from just outside Orland Park, and even with the co-signer, Benito was rejected for this home loan. With terrible credit, it can be difficult to procure financing, even with collateral and a co-signer.
Benito has a sad current yearly income, but has a large amount of prospects
Benito has always wanted to be an it administrator, but would have to attend Elmhurst College again to achieve it. Benito has other possibilities as well, including packers and packagers, license clerk, and funeral director, which pay $57,000 through to $104,000 per year, on average. For this reason, we believe that Benito can afford this home loan of $42000.
- Full name (Changed if requested): Benito Moothart
- Current Credit: loans.hit.utils.Fico@759ebb3d
- Current City: Orland Park
- State: Illinois
- Zip code: 60463
- Yearly income: $40,000
- Current Job: elementary school administrator
- Current County: Cook
- Goal Yearly Income: $125,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
9 Months Ago, Benito Tried Finding a High Risk Loan for $23,000.00, and it was Hard
It is an existing struggle for borrowers to find high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Benito. Benito chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Clients with credit scores as low as 518 can apply for a high risk loan and have a chance to be approved.
When Benito was 18, they tried to obtain a student loan from 7 alternate banks, which harmed their credit rating. Below is a list of Benito’s prior attempts at finding a student loan:
- Attempt 1) Loan for $38,000.00 on December 6, 2011
- Attempt 2) Loan for $30,000.00 on September 3, 2009
- Attempt 3) Loan for $36,000.00 on November 2, 2011
- Attempt 4) Loan for $32,000.00 on January 31, 2009
- Attempt 5) Loan for $35,000.00 on April 8, 2013
- Attempt 6) Loan for $39,000.00 on January 6, 2011
- Attempt 7) Loan for $27,000.00 on April 29, 2011
Paraphrased and Standardized Quote from Benito for this home loan of $42000, provided by George Washington Savings Bank
Hello, I am Benito and I am from Orland Park in Illinois. Cook, county is where I grew up, and now I need a home loan in Illinois for $42000 to renovate my home. It has been difficult, but George Washington Savings Bank really came through for me with this loan for 8.7% interest APR and a term of 12 years. I can probably repay the loan over the 12 year term, including interest. A big thanks to George Washington Savings Bank for trusting me and my terrible credit. It look me 6 years to build my credit to 315, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.
Fast Loans for Benito in Orland Park, Illinois to prevent bankruptcy or harm from debt collectors.
Fast loans in Orland Park, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Benito. Benito was able to find a fast loan for $42000 from Metropolitan Bank and Trust Company and Central National Bank of Mattoon, but declined both offers in favor of their home loan from George Washington Savings Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better if a borrower is on the go.
Benito’s Transunion score was changed by the home loan loan, changing to 303 from 315, which is typical in our experience.
Before applying for this home loan, Benito had an Experian score of 326, which is terrible, so George Washington Savings Bank most likely cannot provide Benito a home loan
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans vary from $23,000.00 to $57,000.00. They are mainly used to pay off existing high interest loans like credit cards. Benito needed a debt consolidation loan to pay for their existing home loan and their loan shark loan. Benito was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your bad, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.0%.
Benito’s Overall FICO score at the time of acceptance for a home loan, taking into account their elementary school administrator job and their future job as an it administrator
Contact Details for George Washington Savings Bank, the provider of this home loan
- George Washington Savings Bank
- City: Orland Park
- State: Illinois
- Address: 14701 South La Grange Road
- County: Cook
- Zip code: 60462
Previous requests on Benito’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$66120.00||6||8.5%||$1175.51||The Gerber State Bank||February 17, 2012|
|$65510.00||4||8.3%||$1608.53||The Belvidere National Bank and Trust Company||July 14, 2012|
|$66460.00||6||10.7%||$1254.82||Commerce Bank||April 4, 2014|
|$65600.00||4||9.8%||$1657.49||Byron Bank||July 14, 2014|
|$65510.00||8||10.3%||$1004.49||Amalgamated Bank of Chicago||November 3, 2014|
Personal Loan for an elementary school administrator named Benito in Orland Park, Illinois to Pay Off Southeastern Greyhound Adoption Visa Card
Benito had a tonne of credit card debt on their TD Cash Rewards Visa Credit Card and their Toys ‘R Us Platinum Mastercard, and they were starting to get in over their heads. Despite Benito’s job as an elementary school administrator, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Signature Loan found in Orland Park, Illinois for $42000 with terrible credit by Benito
Many clients have difficulty with obtaining signature loans in Orland Park, Illinois, and Benito is no exception. Benito went to 6 lenders or more prior to settling on George Washington Savings Bank, who offered Benito a signature loan for $42000. Most signature loans simply require a client, like Benito’s signature to obtain them, up to $34,000 in some cases. Benito was able to get $42000 as a home loan, which is very high for a home loan. Since signature loans do not need collateral, they generally require improved credit, as high as 784
Conclusion of Benito’s home loan
In the end, Benito was able to find a home loan for $42000 with an interest rate of 5.6% interest APR from George Washington Savings Bank in Orland Park, Illinois repayable over 12 years from now.