Do you have over $10,000 in Debt? Get Help now.

Emergency Loan With Low APR In Alpena County, Michigan

$16000 Emergency Loan – Alpena Michigan, Credit Score Of 765

  • Experian: 777 – The client had an excellent Experian rating
  • Transunion: 748 – Shizue had an excellent credit rating with Transunion.
  • Equifax: Shizue’s Experian score was 765, which is an excellent credit rating on the Experian scale.

Paraphrased and Standardized Quote from Shizue for this emergency loan of $16000, provided by NBD Alpena Bank

Hello, I am Shizue and I am from Alpena in Michigan. Alpena, county is where I grew up, and now I need a emergency loan in Michigan for $16000 to avoid bankruptcy. It wasn’t easy, but NBD Alpena Bank really came through for me with this loan for 10.1% interest APR and a term of 23 years. I will repay the loan over the 23 year term, including interest. A big thanks to NBD Alpena Bank for trusting me and my excellent credit. It look me 9 years to create my credit to 765, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Installment loan for Shizue, a graduate of University of Texas Health Science Center Houston and a delivery driver working for over $78,000 per year

Shizue, an alumnus at University of Texas Health Science Center Houston and a delivery driver in Alpena, Michigan needs an emergency loan to purchase a car. Shizue has instead chosen to get an installment loan for $1,000 and is currently seeking lenders like Bank of Lenawee to provide it.

Contact Details for NBD Alpena Bank, the provider of this emergency loan

  • NBD Alpena Bank
  • City: Alpena
  • State: Michigan
  • Address: 200 West Chisholm Street
  • County: Alpena
  • Zip code: 49707

Shizue has a low current gross income, but has a large amount of prospects

Shizue has always wanted to be an alcohol & drug abuse assistance coordinator, but would have to attend University of Texas Health Science Center Houston again to become one. Shizue has other prospects as well, including cartographic technician, customer service supervisor, and occupational therapist, which pay $57,000 through to $108,000 per year, on average. For this reason, we believe that Shizue can pay for this emergency loan of $16000.

Before applying for this emergency loan, Shizue had an Experian score of 777, which is excellent, so NBD Alpena Bank most likely cannot provide Shizue an emergency loan

Experian Score: 777

Client Profile: Shizue Barters of Alpena, Michigan
  • Full name (Changed if requested): Shizue Barters
  • Current Credit: loans.hit.utils.Fico@7106e68e
  • Current City: Alpena
  • State: Michigan
  • Zip code: 49715
  • Yearly income: $32,000
  • Current Job: delivery driver
  • Current County: Alpena
  • Goal Yearly Income: $104,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Shizue was not approved by Blissfield State Bank 7 times prior to being approved by NBD Alpena Bank at 200 West Chisholm Street

On August 1, 2009, Shizue inquired about borrowing $38,000 from First of America Bank – Alpena with Tish, their in law from just outside Alpena, and even with the co-signer, Shizue was rejected for this emergency loan. With excellent credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Previous requests on Shizue’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$148750.00 4 11.8% $3902.57 Society Bank, Lenawee April 9, 2013
$148610.00 7 5.3% $2121.45 Bank of Lenawee May 2, 2014
$149260.00 6 10.8% $2825.76 First of America Bank – Alpena February 18, 2015
$149440.00 6 6.8% $2533.48 NBD Ann Arbor, National Association March 26, 2015
$149450.00 10 5.6% $1629.34 First of America Bank – Mid Michigan, National Association July 29, 2015

Many other requests for credit have been made by Shizue in the past, including one from First Settlers Bank in Alpena, Michigan before Shizue was approved for the $16000 by NBD Alpena Bank

Shizue made 8 previous attempts to obtain an emergency loan, 2 of which were with First Settlers Bank, a lender in Alpena, Michigan known to specialize in emergency loans specifically. Prior to finding NBD Alpena Bank, Shizue was desperate due to their inexperience and excellent credit rating.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $39,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Shizue needed a debt consolidation loan to pay for their existing emergency loan and their credit card. Shizue 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 bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.3%.

Shizue’s Transunion score was changed by the emergency loan loan, changing to 748 from 765, which is typical in our experience.

Transunion Score: 748

Personal Loan for a delivery driver named Shizue in Alpena, Michigan to Pay Off BMW Platinum Rewards Visa Card

Shizue had a lot of credit card debt on their Ann Taylor MasterCard and their Lufthansa Miles & More World MasterCard, and they were starting to get in over their heads. Despite Shizue’s job as a delivery driver, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

7 Months Ago, Shizue Tried to Find a High Risk Loan for $27,000.00, and it was Hard

It is an ongoing 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 scary to borrowers like Shizue. Shizue decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit borrowers. Borrowers with credit ratings as low as 377 can apply for a high risk loan and have a chance to be approved.

Signature Loan found in Alpena, Michigan for $16000 with excellent credit by Shizue

Most clients struggle with obtaining signature loans in Alpena, Michigan, and Shizue is the same. Shizue went to 8 lenders or more prior to finding NBD Alpena Bank, who offered Shizue a signature loan for $16000. Most signature loans simply require a client, like Shizue’s signature to get them, up to $47,000 in some cases. Shizue was able to get $16000 as a emergency loan, which is very high for an emergency loan. Since signature loans don’t require a cosigner, they generally need better credit, as high as 785

Fast Loans for Shizue in Alpena, Michigan to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Alpena, Michigan aren’t actually that difficult to obtain, especially if you have some gumption like Shizue. Shizue was able to find a fast loan for $16000 from Mason State Bank and First of America Bank – Manistee, but declined both offers in favor of their emergency loan from NBD Alpena 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 6 weeks for personal loans. An improvement if a client is on the go.

Shizue’s Overall FICO score at the time of acceptance for an emergency loan, taking into account their delivery driver job and their future career as an alcohol & drug abuse assistance coordinator

Fico Score: 765

When Shizue was 21, they tried to obtain a student loan from 7 alternate banks, which damaged their credit score. Below is a chronology of Shizue’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on November 27, 2009
  • Attempt 2) Loan for $30,000.00 on January 14, 2012
  • Attempt 3) Loan for $37,000.00 on December 25, 2011
  • Attempt 4) Loan for $32,000.00 on February 17, 2012
  • Attempt 5) Loan for $25,000.00 on April 17, 2010
  • Attempt 6) Loan for $23,000.00 on March 20, 2011
  • Attempt 7) Loan for $21,000.00 on March 12, 2011

Conclusion of Shizue’s emergency loan

In the end, Shizue was able to find an emergency loan for $16000 with an interest rate of 6.0% interest APR from NBD Alpena Bank in Alpena, Michigan repayable over 23 years from now.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.