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Colby Had Need For A High Risk Loan For $15000, Brandenburg, Kentucky

$15000 High Risk Loan – Brandenburg Kentucky, Credit Rating Of 470

  • Experian: 485 – This individual had a bad Experian rating
  • Transunion: 453 – Colby had a bad credit rating with Transunion.
  • Equifax: Colby’s Experian score was 470, which is a bad credit rating on the Experian scale.

Contact Details for Farmers Deposit Bank of Brandenburg, the provider of this high risk loan

  • Farmers Deposit Bank of Brandenburg
  • City: Brandenburg
  • State: Kentucky
  • Address: 416 East Broadway
  • County: Meade
  • Zip code: 40108

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans vary from $39,000.00 to $55,000.00. They are normally used to pay off existing high interest loans like credit cards. Colby required a debt consolidation loan to pay for their existing high risk loan and their loan shark loan. Colby 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 changes your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.7%.

Colby was rejected by Bank of Livingston County 4 times prior to being approved by Farmers Deposit Bank of Brandenburg at 416 East Broadway

On June 3, 2010, Colby applied about borrowing $42,000 from Citizens Bank with Shirlee, their friend from just outside Brandenburg, and even with the co-signer, Colby was rejected for this high risk loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.

6 Months in the Past, Colby Tried to Find a High Risk Loan for $44,000.00, and it was Hard

It is an existing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Colby. Colby chose not to obtain a high risk loan this time. High Risk loans are given to bad credit applicants. Individuals with credit scores as low as 536 can inquire for a high risk loan and have a chance to be accepted.

Before applying for this high risk loan, Colby had an Experian score of 485, which is bad, so Farmers Deposit Bank of Brandenburg most likely cannot provide Colby a high risk loan

Experian Score: 485

When Colby was 22, they tried to obtain a student loan from 4 different banks, which harmed their credit score. Below is a chronology of Colby’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on May 11, 2013
  • Attempt 2) Loan for $24,000.00 on June 21, 2011
  • Attempt 3) Loan for $31,000.00 on September 7, 2009
  • Attempt 4) Loan for $24,000.00 on January 18, 2011

Paraphrased and Standardized Quote from Colby for this high risk loan of $15000, provided by Farmers Deposit Bank of Brandenburg

Hello, I am Colby and I am from Brandenburg in Kentucky. Meade, county is where I grew up, and now I need a high risk loan in Kentucky for $15000 to renovate my home. It wasn’t easy, but Farmers Deposit Bank of Brandenburg really came through for me with this loan for 9.5% interest APR and a term of 3 years. I can probably repay the loan over the 3 year term, including interest. A big thanks to Farmers Deposit Bank of Brandenburg for trusting me and my bad credit. It look me 7 years to create my credit to 470, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Several previous requests for credit have been made by Colby in the past, including one from Sequoyah State Bank of Muldrow in Brandenburg, Kentucky before Colby was approved for the $15000 by Farmers Deposit Bank of Brandenburg

Colby made 7 previous tries to obtain a high risk loan, 2 of which were with Sequoyah State Bank of Muldrow, a bank in Brandenburg, Kentucky known to specialize in high risk loans specifically. Prior to finding Farmers Deposit Bank of Brandenburg, Colby was desperate due to their inexperience and bad credit score.

Signature Loan found in Brandenburg, Kentucky for $15000 with bad credit by Colby

Many prospective borrowers struggle with finding signature loans in Brandenburg, Kentucky, and Colby is the same. Colby went to 7 lending institutions or more before settling on Farmers Deposit Bank of Brandenburg, who offered Colby a signature loan for $15000. Most signature loans simply require a client, like Colby’s signature to get them, up to $47,000 in some cases. Colby was able to get $15000 as a high risk loan, which is very high for a high risk loan. Because signature loans do not need a cosigner, they generally require improved credit, as high as 719

Colby’s Transunion score was altered by the high risk loan loan, changing to 453 from 470, which is typical in our experience.

Transunion Score: 453

Fast Loans for Colby in Brandenburg, Kentucky to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Brandenburg, Kentucky aren’t actually that difficult to obtain, particularly if you have some gumption like Colby. Colby was able to find a fast loan for $15000 from Auburn Banking Company and Auburn Banking Company, but turned down both offers in favor of their high risk loan from Farmers Deposit Bank of Brandenburg. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if a client is on the go.

Installment loan for Colby, a graduate of The Sage Colleges and a fashion model working for over $79,000 per year

Colby, an alumnus at The Sage Colleges and a fashion model in Brandenburg, Kentucky needs a high risk loan to purchase something frivolous. Colby has instead decided to get an installment loan for $11,000 and is at present seeking lenders like Stock Yards Bank & Trust Company to provide it.

Colby’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their fashion model job and their future career as an atm machine servicer

Fico Score: 470

Previous requests on Colby’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$102760.00 3 10.3% $3330.27 Stock Yards Bank & Trust Company October 19, 2013
$102870.00 10 11.3% $1434.56 Farmers Deposit Bank of Brandenburg March 4, 2015
$103240.00 3 10.8% $3370.18 Citizens Bank August 7, 2015
$103260.00 9 7.1% $1296.63 Citizens Bank & Trust Company, Burgin, Kentucky September 24, 2015

Colby has a very low current gross income, but has a high number of prospects

Colby has always wanted to be an atm machine servicer, but would need attend The Sage Colleges again to achieve it. Colby has other possibilities as well, including probation officer, ceiling tile installer, and fashion designer, which pay $51,000 through to $107,000 per year, on average. For this reason, we believe that Colby can afford this high risk loan of $15000.

Personal Loan for a fashion model named Colby in Brandenburg, Kentucky to Pay Off The Bank Visa Co-Signer Card

Colby had a tonne of credit card debt on their Avon Old Farms School Visa Platinum Rewards Card and their BrandsMart U.S.A. Credit Card, and they were starting to get in over their heads. Despite Colby’s job as a fashion model, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Colby Deshazior of Brandenburg, Kentucky
  • Full name (Changed if requested): Colby Deshazior
  • Current Credit: loans.hit.utils.Fico@254989ff
  • Current City: Brandenburg
  • State: Kentucky
  • Zip code: 40117
  • Yearly income: $33,000
  • Current Job: fashion model
  • Current County: Meade
  • Goal Yearly Income: $95,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Conclusion of Colby’s high risk loan

In the end, Colby was able to find a high risk loan for $15000 with an interest rate of 9.2% interest APR from Farmers Deposit Bank of Brandenburg in Brandenburg, Kentucky repayable over 3 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.

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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.