$176000 Emergency Loan – Clinton Illinois, Credit Score Of 847
- Experian: 866 – This individual had an excellent Experian score
- Transunion: 833 – Arthur had an excellent credit score with Transunion.
- Equifax: Arthur’s Experian score was 847, which is an excellent credit rating using the Experian rating scheme.
Arthur was declined by Drexel National Bank 4 times before being granted funding by De Witt Savings Bank at 302 West Main Street
On February 2, 2013, Arthur applied about borrowing $9,000 from Drexel National Bank with Markus, their in law from just outside Clinton, and even with the co-signer, Arthur was rejected for this emergency loan. With excellent credit, it can be challenging to procure funding, even with collateral and a co-signer.
Signature Loan easily acquired in Clinton, Illinois for $176000 with excellent credit by Arthur
A lot of clients have difficulty with obtaining signature loans in Clinton, Illinois, and Arthur is not an exception. Arthur went to 6 lending institutions or more prior to settling on De Witt Savings Bank, who offered Arthur a signature loan for $176000. Typical signature loans simply need a client, like Arthur’s signature to obtain them, up to $26,000 in some cases. Arthur was able to get $176000 as a emergency loan, which is very high for an emergency loan. Since signature loans do not need collateral, these loans tend to need better credit, as high as 762
Personal Loan for a residence counselor named Arthur in Clinton, Illinois to Pay Off SunTrust Platinum
Arthur had a lot of credit card debt on their Popular Community Bank Platinum MasterCard and their Steuben Trust Visa Business Card, and they were starting to get in over their heads. Despite Arthur’s job as a residence counselor, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Contact Details for De Witt Savings Bank, the provider of this emergency loan
- De Witt Savings Bank
- City: Clinton
- State: Illinois
- Address: 302 West Main Street
- County: De Witt
- Zip code: 61727
Fast Loans for Arthur in Clinton, Illinois to prevent bankruptcy or harm from debt collectors.
Fast loans in Clinton, Illinois aren’t actually that difficult to obtain, especially if you have some gumption like Arthur. Arthur was able to find a fast loan for $176000 from Community Banks of Shelby County and Amalgamated Bank of Chicago, but declined both offers in favor of their emergency loan from De Witt Savings 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 7 weeks for personal loans. Much better in the case that a borrower is in a pinch.
Arthur’s Overall FICO score at the time of acceptance for an emergency loan, taking into account their residence counselor job and their future job as an employee training instructor
Arthur has a sad current gross income, but has a high number of prospects
Arthur has always wanted to be an employee training instructor, but would have to attend Southwest Virginia Community College again to become one. Arthur has other possibilities as well, including casino slot machine mechanic, computer software technician, and aquarium curator, which pay $56,000 through to $102,000 per year, on average. Because of this, we believe that Arthur can afford this emergency loan of $176000.
When Arthur was 22, they tried to obtain a student loan from 5 alternate lenders, which harmed their credit score. Below is a chronology of Arthur’s prior attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on October 9, 2012
- Attempt 2) Loan for $34,000.00 on March 22, 2011
- Attempt 3) Loan for $23,000.00 on January 29, 2010
- Attempt 4) Loan for $28,000.00 on July 7, 2010
- Attempt 5) Loan for $21,000.00 on March 27, 2013
Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $21,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Arthur needed a debt consolidation loan to pay for their existing emergency loan and their credit card. Arthur was able to find a emergency loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.0%.
Arthur’s Transunion score was altered by the emergency loan loan, changing to 833 from 847, which is normal in our experience.
Before applying for this emergency loan, Arthur had an Experian score of 866, which is excellent, so De Witt Savings Bank likely cannot provide Arthur an emergency loan
9 Months Ago, Arthur Tried to Find a High Risk Loan for $36,000.00, and it was Hard
There is an ongoing struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Arthur. Arthur decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Clients with credit ratings as low as 360 can inquire for a high risk loan and possibly can be accepted.
Installment loan for Arthur, a graduate of Southwest Virginia Community College and a residence counselor working for over $76,000 per year
Arthur, an alumnus at Southwest Virginia Community College and a residence counselor in Clinton, Illinois wants an emergency loan to purchase a house. Arthur has instead decided to get an installment loan for $12,000 and is at present seeking lenders like Mercantile National Bank of Chicago to provide it.
- Full name (Changed if requested): Arthur Osting
- Current Credit: loans.hit.utils.Fico@4e515669
- Current City: Clinton
- State: Illinois
- Zip code: 61733
- Yearly income: $60,000
- Current Job: residence counselor
- Current County: De Witt
- Goal Yearly Income: $110,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Previous requests on Arthur’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$137810.00||5||9.1%||$2867.4||The Gerber State Bank||June 5, 2013|
|$138110.00||6||11.8%||$2685.73||The Belvidere National Bank and Trust Company||April 9, 2014|
|$138290.00||7||11.2%||$2382.43||Commerce Bank||July 6, 2014|
|$138220.00||4||10.8%||$3558.96||Byron Bank||July 17, 2014|
|$138170.00||11||10.6%||$1777.11||Amalgamated Bank of Chicago||September 8, 2014|
Paraphrased and Standardized Quote from Arthur for this emergency loan of $176000, provided by De Witt Savings Bank
Hi, I am Arthur and my hometown is Clinton in Illinois. De Witt, county is where I grew up, and now I need a emergency loan in Illinois for $176000 to buy a car. It wasn’t easy, but De Witt Savings Bank really came through for me with this loan for 10.7% 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 De Witt Savings Bank for giving me a chance and my excellent credit. It look me 8 years to create my credit to 847, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.
Many past requests for credit have been made by Arthur in the past, including one from Arkansas Bank and Trust Company in Clinton, Illinois before Arthur was accepted for the $176000 by De Witt Savings Bank
Arthur made 8 previous tries to obtain an emergency loan, 2 of which were with Arkansas Bank and Trust Company, a lending institution in Clinton, Illinois known to specialize in emergency loans specifically. Prior to finding De Witt Savings Bank, Arthur was very concerned due to their inexperience and excellent credit score.
Conclusion of Arthur’s emergency loan
In the end, Arthur was able to find an emergency loan for $176000 with an interest rate of 6.2% interest APR from De Witt Savings Bank in Clinton, Illinois repayable over 12 years from today.