$32000 Consolidation Loan – Norwalk Iowa, Credit Score Of 390
- Experian: 407 – This individual had a terrible Experian score
- Transunion: 373 – Cora had a terrible credit score with Transunion.
- Equifax: Cora’s Experian score was 390, which is a terrible credit rating with the Experian rating scheme.
Fast Loans for Cora in Norwalk, Iowa to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Norwalk, Iowa aren’t actually that difficult to obtain, especially if you have some finesse like Cora. Cora was able to find a fast loan for $32000 from Manson State Bank and Mills County Bank National Association, but declined both offers in favor of their consolidation loan from City State Bank. 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 7 weeks for personal loans. An improvement if you are in a pinch.
Installment loan for Cora, a graduate of New England Bible College and an ophthalmic laboratory technician working for over $71,000 per year
Cora, an alumnus at New England Bible College and an ophthalmic laboratory technician in Norwalk, Iowa wants a consolidation loan to purchase a house. Cora has instead chosen to get an installment loan for $27,000 and is at present seeking lenders like Security State Bank to process their request.
Paraphrased and Standardized Quote from Cora for this consolidation loan of $32000, provided by City State Bank
Hello, I am Cora and I am from Norwalk in Iowa. Warren, county is where I grew up, and now I need a consolidation loan in Iowa for $32000 to renovate my home. It wasn’t easy, but City State Bank really came through for me with this loan for 8.6% interest APR and a term of 3 years. I will repay the loan over the 3 year term, including interest. A big thanks to City State Bank for trusting me and my terrible credit. It look me 6 years to create my credit to 390, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.
Contact Details for City State Bank, the provider of this consolidation loan
- City State Bank
- City: Norwalk
- State: Iowa
- Address: 801 Main Street
- County: Warren
- Zip code: 50211
Signature Loan easily acquired in Norwalk, Iowa for $32000 with terrible credit by Cora
Many borrowers have difficulty with obtaining signature loans in Norwalk, Iowa, and Cora is no different. Cora went to 7 lending institutions or more before settling on City State Bank, who offered Cora a signature loan for $32000. Typical signature loans simply need a client, like Cora’s signature to obtain them, up to $44,000 in some cases. Cora was able to get $32000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not need a cosigner, they generally require higher credit, as high as 799
Cora was rejected by Oakland Savings Bank 4 times prior to being accepted by City State Bank at 801 Main Street
On April 3, 2011, Cora applied about borrowing $15,000 from Brenton State Bank of Jefferson with Richelle, their friend from just outside Norwalk, and even with the co-signer, Cora was rejected for this consolidation loan. With terrible credit, it can be challenging to procure funding, even with collateral and a co-signer.
Cora has a disappointing current yearly income, but has a high number of prospects
Cora has always wanted to be a respiratory therapist, but would have to attend New England Bible College again to achieve it. Cora has other prospects as well, including sales representative, printmaker, and religious institution education coordinator, which pay $55,000 through to $99,000 per year, on average. For this reason, we think that Cora can pay for this consolidation loan of $32000.
When Cora was 19, they tried to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Cora’s previous attempts at finding a student loan:
- Attempt 1) Loan for $28,000.00 on February 22, 2013
- Attempt 2) Loan for $35,000.00 on August 11, 2011
- Attempt 3) Loan for $30,000.00 on April 30, 2011
- Attempt 4) Loan for $29,000.00 on October 27, 2009
Previous requests on Cora’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$138190.00||6||5.8%||$2277.18||Mills County Bank National Association||September 30, 2010|
|$137770.00||4||9.1%||$3434.96||Postville State Bank||September 19, 2014|
|$138240.00||8||8.8%||$2010.93||Washington State Bank||April 9, 2015|
|$138160.00||7||11.4%||$2394.79||Rippey Savings Bank||May 7, 2015|
Before applying for this consolidation loan, Cora had an Experian score of 407, which is terrible, so City State Bank most likely cannot provide Cora a consolidation loan
Personal Loan for an ophthalmic laboratory technician named Cora in Norwalk, Iowa to Pay Off Toronto Blue Jays BankAmericard Cash Rewards MasterCard
Cora had a tonne of credit card debt on their American Savings Bank Business Edition Visa Card with Absolute Rewards and their Entrust FCU Visa Classic Secured Credit Card, and they were starting to get in over their heads. Despite Cora’s job as an ophthalmic laboratory technician, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Several previous requests for credit have been made by Cora in the past, including one from The Bank of Massachusetts, Inc. d/b/a/ Century Bank/Suffolk in Norwalk, Iowa before Cora was approved for the $32000 by City State Bank
Cora made 6 previous attempts to obtain a consolidation loan, 2 of which were with The Bank of Massachusetts, Inc. d/b/a/ Century Bank/Suffolk, a lending institution in Norwalk, Iowa known to specialize in consolidation loans specifically. Before finding City State Bank, Cora was desperate due to their inexperience and terrible credit score.
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans range from $37,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Cora needed a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Cora was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.2%.
- Full name (Changed if requested): Cora Guelff
- Current Credit: loans.hit.utils.Fico@4d405ef7
- Current City: Norwalk
- State: Iowa
- Zip code: 50219
- Yearly income: $53,000
- Current Job: ophthalmic laboratory technician
- Current County: Warren
- Goal Yearly Income: $92,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000
7 Months Ago, Cora Tried to Find a High Risk Loan for $41,000.00, and it was Hard
There is an ongoing struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Cora. Cora chose not to get 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 scores as low as 572 can apply for a high risk loan and have a chance to be approved.
Cora’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their ophthalmic laboratory technician job and their future job as a respiratory therapist
Cora’s Transunion score was altered by the consolidation loan loan, changing to 373 from 390, which is typical in our experience.
Conclusion of Cora’s consolidation loan
In the end, Cora was able to find a consolidation loan for $32000 with an interest rate of 9.1% interest APR from City State Bank in Norwalk, Iowa repayable over 3 years from today.