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Debt Consolidation Loan Of $8000 For Excellent Credit North Dakota Resident

$8000 Debt Consolidation Loan – Cando North Dakota, Credit Score Of 805

  • Experian: 823 – They had an excellent Experian rating
  • Transunion: 790 – Allena had an excellent credit score with Transunion.
  • Equifax: Allena’s Experian score was 805, which is an excellent credit rating on the Experian rating scheme.

When Allena was 23, they tried to obtain a student loan from 4 different lenders, which damaged their credit score. Below is a chronology of Allena’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on April 3, 2011
  • Attempt 2) Loan for $31,000.00 on January 5, 2013
  • Attempt 3) Loan for $31,000.00 on April 14, 2009
  • Attempt 4) Loan for $35,000.00 on January 27, 2012

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

Normal debt consolidation loans vary from $35,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Allena required a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Allena was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.5%.

Allena has a sad current total income, but has a high number of prospects

Allena has always wanted to be an athletes’ business manager, but would have to attend Indiana Wesleyan University again to become one. Allena has other prospects as well, including medical equipment preparer, brattice builder, and real estate broker, which pay $51,000 through to $97,000 per year, at least. Because of this, we think that Allena can afford this debt consolidation loan of $8000.

9 Months in the Past, Allena Attempted to Find a High Risk Loan for $43,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Allena. Allena decided not to obtain a high risk loan this time. High Risk loans are given to bad credit borrowers. Borrowers with credit ratings as low as 458 can apply for a high risk loan and may be be approved.

Client Profile: Allena Porth of Cando, North Dakota
  • Full name (Changed if requested): Allena Porth
  • Current Credit: loans.hit.utils.Fico@1e80bfe8
  • Current City: Cando
  • State: North Dakota
  • Zip code: 58330
  • Yearly income: $34,000
  • Current Job: dry wall installer
  • Current County: Towner
  • Goal Yearly Income: $148,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Allena’s Transunion score was altered by the debt consolidation loan loan, changing to 790 from 805, which is normal in our experience.

Transunion Score: 790

Before applying for this debt consolidation loan, Allena had an Experian score of 823, which is excellent, so Ramsey Bank probably cannot provide Allena a debt consolidation loan

Experian Score: 823

Allena was rejected by Kulm State Bank 4 times prior to being approved by Ramsey Bank at 407 Fifth Avenue

On January 1, 2011, Allena inquired about borrowing $15,000 from The Farmers and Merchants National Bank of Hatton with Lelia, their in law from just outside Cando, and even with the co-signer, Allena was rejected for this debt consolidation loan. With excellent credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Signature Loan acquired in Cando, North Dakota for $8000 with excellent credit by Allena

Most prospective borrowers struggle with finding signature loans in Cando, North Dakota, and Allena is no different. Allena went to 8 lenders or more prior to finding Ramsey Bank, who offered Allena a signature loan for $8000. Typical signature loans simply require a client, like Allena’s signature to obtain them, up to $36,000 in some cases. Allena was able to get $8000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans do not need collateral, these loans generally require higher credit, as high as 770

Fast Loans for Allena in Cando, North Dakota to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Cando, North Dakota aren’t actually that difficult to obtain, particularly if you have some gumption like Allena. Allena was able to find a fast loan for $8000 from The First National Bank and Trust Company of Ellendale and First American Bank & Trust of Carrington, but turned down both offers in favor of their debt consolidation loan from Ramsey Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big difference in the case that a client is on the go.

Paraphrased and Standardized Quote from Allena for this debt consolidation loan of $8000, provided by Ramsey Bank

Hello, I am Allena and I’m from Cando in North Dakota. Towner, county is where I grew up, and now I need a debt consolidation loan in North Dakota for $8000 to avoid bankruptcy. It wasn’t easy, but Ramsey Bank really came through for me with this loan for 5.6% interest APR and a term of 2 years. I can probably repay the loan over the 2 year term, including interest. A big thanks to Ramsey Bank for giving me a chance and my excellent credit. It look me 6 years to build my credit to 805, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Many other requests for credit have been made by Allena in the past, including one from First FSB of Mascoutah in Cando, North Dakota before Allena was accepted for the $8000 by Ramsey Bank

Allena made 4 previous tries to obtain a debt consolidation loan, 2 of which were with First FSB of Mascoutah, a lender in Cando, North Dakota known to specialize in debt consolidation loans specifically. Prior to finding Ramsey Bank, Allena was very concerned due to their inexperience and excellent credit score.

Personal Loan for a dry wall installer named Allena in Cando, North Dakota to Pay Off SunTrust Cash Rewards

Allena had a tonne of credit card debt on their Amalgamated Bank MasterCard Standard Secured and their St Louis Cardinals BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Allena’s job as a dry wall installer, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Allena, a graduate of Indiana Wesleyan University and a dry wall installer working for over $62,000 per year

Allena, an alumnus at Indiana Wesleyan University and a dry wall installer in Cando, North Dakota needs a debt consolidation loan to purchase a house. Allena has instead chosen to get an installment loan for $10,000 and is currently seeking lenders like Norwest Bank Grafton, National Association to process their request.

Previous requests on Allena’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$68580.00 11 6.4% $725.04 American State Bank of New England December 23, 2011
$69150.00 10 6.4% $781.67 First American Bank & Trust of Carrington May 12, 2012
$69460.00 5 6.7% $1365.58 Kulm State Bank December 8, 2013
$69160.00 10 6.4% $781.78 Bremer Bank, National Association June 28, 2014
$68850.00 4 7.5% $1664.72 First American Bank of Larimore June 22, 2015

Contact Details for Ramsey Bank, the provider of this debt consolidation loan

  • Ramsey Bank
  • City: Cando
  • State: North Dakota
  • Address: 407 Fifth Avenue
  • County: Towner
  • Zip code: 58324

Allena’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their dry wall installer job and their future career as an athletes’ business manager

Fico Score: 805

Conclusion of Allena’s debt consolidation loan

In the end, Allena was able to find a debt consolidation loan for $8000 with an interest rate of 5.5% interest APR from Ramsey Bank in Cando, North Dakota repayable over 2 years from today.

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.