$22000 Consolidation Loan – Covington Louisiana, Credit Rating Of 747
- Experian: 759 – This individual had an excellent Experian rating
- Transunion: 733 – Yen had an excellent credit score with Transunion.
- Equifax: Yen’s Experian score was 747, which is an excellent credit score with the Experian scale.
- Full name (Changed if requested): Yen Ellerkamp
- Current Credit: loans.hit.utils.Fico@ea30797
- Current City: Covington
- State: Louisiana
- Zip code: 70438
- Yearly income: $53,000
- Current Job: artillery and missile officer
- Current County: St. Tammany
- Goal Yearly Income: $102,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Before applying for this consolidation loan, Yen had an Experian score of 759, which is excellent, so Heritage Bank of St Tammany probably cannot provide Yen a consolidation loan
Yen’s Transunion score was altered by the consolidation loan loan, changing to 733 from 747, which is normal in our experience.
7 Months in the Past, Yen Attempted Finding a High Risk Loan for $47,000.00, and it was Easy
It is an well known struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Yen. Yen chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Clients with credit scores as low as 584 can apply for a high risk loan and have a chance to be approved.
Signature Loan acquired in Covington, Louisiana for $22000 with excellent credit by Yen
A lot of clients have difficulty with finding signature loans in Covington, Louisiana, and Yen is no different. Yen went to 5 lending institutions or more before finding Heritage Bank of St Tammany, who offered Yen a signature loan for $22000. Typical signature loans simply require a client, like Yen’s signature to obtain them, up to $42,000 in some cases. Yen was able to get $22000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans don’t need collateral, they generally need better credit, as high as 747
Contact Details for Heritage Bank of St Tammany, the provider of this consolidation loan
- Heritage Bank of St Tammany
- City: Covington
- State: Louisiana
- Address: 205 North Columbia Street
- County: St. Tammany
- Zip code: 70433
Yen’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their artillery and missile officer job and their future job as a farm equipment mechanic
Paraphrased and Standardized Quote from Yen for this consolidation loan of $22000, provided by Heritage Bank of St Tammany
Hi, I am Yen and I am from Covington in Louisiana. St. Tammany, county is where I grew up, and now I need a consolidation loan in Louisiana for $22000 to renovate my home. It has been difficult, but Heritage Bank of St Tammany really came through for me with this loan for 5.0% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to Heritage Bank of St Tammany for trusting me and my excellent credit. It look me 8 years to create my credit to 747, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.
Yen has a sad current gross income, but has a high number of prospects
Yen has always wanted to be a farm equipment mechanic, but would have to attend DePaul University again to become one. Yen has other prospects as well, including disabled students teacher, technological espionage intelligence agent, and cook, which pay $50,000 through to $105,000 per year, on average. For this reason, we believe that Yen can pay for this consolidation loan of $22000.
Several previous requests for credit have been made by Yen in the past, including one from Exchange Bank of Schmidt & Koester in Covington, Louisiana before Yen was accepted for the $22000 by Heritage Bank of St Tammany
Yen made 6 previous attempts to obtain a consolidation loan, 2 of which were with Exchange Bank of Schmidt & Koester, a lending institution in Covington, Louisiana known to specialize in consolidation loans specifically. Prior to finding Heritage Bank of St Tammany, Yen was very concerned due to their inexperience and excellent credit rating.
When Yen was 20, they tried to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a list of Yen’s previous attempts at finding a student loan:
- Attempt 1) Loan for $24,000.00 on November 9, 2010
- Attempt 2) Loan for $23,000.00 on August 2, 2010
- Attempt 3) Loan for $39,000.00 on March 6, 2012
- Attempt 4) Loan for $39,000.00 on December 30, 2008
Installment loan for Yen, a graduate of DePaul University and an artillery and missile officer working for over $74,000 per year
Yen, an alumnus at DePaul University and an artillery and missile officer in Covington, Louisiana wants a consolidation loan to purchase a house. Yen has instead chosen to obtain an installment loan for $20,000 and is currently seeking lenders like Bank of Montgomery to process their request.
Personal Loan for an artillery and missile officer named Yen in Covington, Louisiana to Pay Off University of Pennsylvania
Yen had a lot of credit card debt on their Sunoco Corporate Fleet Card and their Palais Royal Credit Card, and they were starting to get in over their heads. Despite Yen’s job as an artillery and missile officer, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Previous requests on Yen’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$43830.00||4||9.5%||$1101.15||Bank of Zachary||May 6, 2009|
|$44470.00||3||11.6%||$1468.56||Landmark Bank||November 20, 2010|
|$43770.00||11||11.7%||$590.93||Bank of Gonzales||March 10, 2014|
|$44200.00||6||10.6%||$832.28||The Highlands Bank||September 25, 2014|
Fast Loans for Yen in Covington, Louisiana to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Covington, Louisiana aren’t actually that difficult to obtain, especially if you have some finesse like Yen. Yen was able to find a fast loan for $22000 from Bank of Pleasant Hill and The First National Bank of Jeanerette, but declined both offers in favor of their consolidation loan from Heritage Bank of St Tammany. 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 5 weeks for personal loans. Much better if a borrower is on the go.
Yen was not approved by Bank of Greensburg 5 times prior to being accepted by Heritage Bank of St Tammany at 205 North Columbia Street
On March 6, 2009, Yen applied about borrowing $46,000 from Bank of Grand Cane with Keri, their friend from just outside Covington, and even with the co-signer, Yen was rejected for this consolidation loan. With excellent credit, it can be challenging to obtain financing, even with collateral and a co-signer.
Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $35,000.00 to $50,000.00. They are mainly used to pay off existing high interest loans like credit cards. Yen required a debt consolidation loan to pay for their existing consolidation loan and their credit card. Yen was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.3%.
Conclusion of Yen’s consolidation loan
In the end, Yen was able to find a consolidation loan for $22000 with an interest rate of 11.5% interest APR from Heritage Bank of St Tammany in Covington, Louisiana repayable over 15 years from today.