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Consolidation Loan With Low APR In Sibley County, Minnesota

$108000 Consolidation Loan – Gaylord Minnesota, Credit Score Of 429

  • Experian: 443 – This client had a bad Experian score
  • Transunion: 417 – Jared had a bad credit rating with Transunion.
  • Equifax: Jared’s Experian score was 429, which is a bad credit rating on the Experian rating scheme.

6 Months in the Past, Jared Attempted to Find a High Risk Loan for $23,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients to get high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Jared. Jared chose not to get a high risk loan this time. High Risk loans are given to terrible credit individuals. Clients with credit scores as low as 407 can apply for a high risk loan and have a chance to be approved.

Several other requests for credit have been made by Jared in the past, including one from New Mexico Federal Savings and Loan in Gaylord, Minnesota before Jared was approved for the $108000 by Citizens State Bank of Gaylord

Jared made 8 prior attempts to obtain a consolidation loan, 2 of which were with New Mexico Federal Savings and Loan, a lending institution in Gaylord, Minnesota known to specialize in consolidation loans specifically. Before finding Citizens State Bank of Gaylord, Jared was concerned due to their inexperience and bad credit score.

Contact Details for Citizens State Bank of Gaylord, the provider of this consolidation loan

  • Citizens State Bank of Gaylord
  • City: Gaylord
  • State: Minnesota
  • Address: 320 Main Street
  • County: Sibley
  • Zip code: 55334

Jared has a low current total income, but has several of prospects

Jared has always wanted to be an environmental planner, but would have to attend Ashland University again to achieve it. Jared has other prospects as well, including legal assistant, electronic drafter, and county or city auditor, which pay $59,000 through to $102,000 per year, on average. For this reason, we think that Jared can pay for this consolidation loan of $108000.

When Jared was 22, they attempted to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Jared’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on October 30, 2010
  • Attempt 2) Loan for $36,000.00 on September 28, 2011
  • Attempt 3) Loan for $24,000.00 on January 27, 2011
  • Attempt 4) Loan for $37,000.00 on February 1, 2009

Installment loan for Jared, a graduate of Ashland University and a customs inspector working for over $65,000 per year

Jared, an alumnus at Ashland University and a customs inspector in Gaylord, Minnesota needs a consolidation loan to purchase a new cell phone. Jared has instead chosen to obtain an installment loan for $14,000 and is at present seeking lenders like Marquette Bank University, National Association to provide it.

Jared’s Transunion score was altered by the consolidation loan loan, changing to 417 from 429, which is normal in our experience.

Transunion Score: 417

Client Profile: Jared Kordas of Gaylord, Minnesota
  • Full name (Changed if requested): Jared Kordas
  • Current Credit: loans.hit.utils.Fico@65b3120a
  • Current City: Gaylord
  • State: Minnesota
  • Zip code: 55342
  • Yearly income: $41,000
  • Current Job: customs inspector
  • Current County: Sibley
  • Goal Yearly Income: $133,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Previous requests on Jared’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$19450.00 9 10.5% $279.12 Marquette Bank Cannon Falls January 2, 2011
$19110.00 5 6.2% $371.23 Root River State Bank October 16, 2012
$19440.00 6 9.2% $352.35 Clinton State Bank September 29, 2014
$19450.00 5 9.3% $406.59 Peoples State Bank of Plainview March 19, 2015

Paraphrased and Standardized Quote from Jared for this consolidation loan of $108000, provided by Citizens State Bank of Gaylord

Hi, I am Jared and my hometown is Gaylord in Minnesota. Sibley, county is where I grew up, and now I need a consolidation loan in Minnesota for $108000 to avoid bankruptcy. It wasn’t easy, but Citizens State Bank of Gaylord really came through for me with this loan for 9.0% interest APR and a term of 8 years. I can probably repay the loan over the 8 year term, including interest. A big thanks to Citizens State Bank of Gaylord for trusting me and my bad credit. It look me 5 years to create my credit to 429, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.

Fast Loans for Jared in Gaylord, Minnesota to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Gaylord, Minnesota aren’t actually that difficult to obtain, particularly if you have some finesse like Jared. Jared was able to find a fast loan for $108000 from State Bank of Danvers and Lakes State Bank, but declined both offers in favor of their consolidation loan from Citizens State Bank of Gaylord. 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 6 weeks for personal loans. A big improvement in the case that you are on the go.

Before applying for this consolidation loan, Jared had an Experian score of 443, which is bad, so Citizens State Bank of Gaylord most likely cannot provide Jared a consolidation loan

Experian Score: 443

Signature Loan acquired in Gaylord, Minnesota for $108000 with bad credit by Jared

Many borrowers struggle with obtaining signature loans in Gaylord, Minnesota, and Jared is no exception. Jared went to 8 lenders or more prior to settling on Citizens State Bank of Gaylord, who offered Jared a signature loan for $108000. Most signature loans simply require a client, like Jared’s signature to get them, up to $31,000 in some cases. Jared was able to get $108000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans don’t require collateral, they generally need improved credit, as high as 788

Personal Loan for a customs inspector named Jared in Gaylord, Minnesota to Pay Off BankAmericard Credit Card for Students

Jared had a tonne of credit card debt on their First State Bank MasterCard Business Platinum Card and their Target REDcard Credit Card, and they were starting to get in over their heads. Despite Jared’s job as a customs inspector, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Jared was declined by Farmers and Merchants State Bank of Lamberton 5 times before being approved by Citizens State Bank of Gaylord at 320 Main Street

On July 9, 2009, Jared inquired about borrowing $26,000 from Peoples State Bank of Plainview with Susie, their friend from just outside Gaylord, and even with the co-signer, Jared was rejected for this consolidation loan. With bad credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Jared’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their customs inspector job and their future job as an environmental planner

Fico Score: 429

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $20,000.00 to $44,000.00. They are normally used to pay off existing high interest loans like credit cards. Jared required a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Jared was able to find a consolidation 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 generally have interest rates as low as 2.3%.

Conclusion of Jared’s consolidation loan

In the end, Jared was able to find a consolidation loan for $108000 with an interest rate of 7.3% interest APR from Citizens State Bank of Gaylord in Gaylord, Minnesota repayable over 8 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.