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Debt Consolidation Loan With Very Low APR In Stearns County, Minnesota

$111000 Debt Consolidation Loan – Saint Martin Minnesota, Credit Score Of 741

  • Experian: 751 – This individual had an excellent Experian rating
  • Transunion: 728 – Emil had an excellent credit rating with Transunion.
  • Equifax: Emil’s Experian score was 741, which is an excellent credit score on the Experian scale.

Signature Loan acquired in Saint Martin, Minnesota for $111000 with excellent credit by Emil

Most borrowers have difficulty with obtaining signature loans in Saint Martin, Minnesota, and Emil is not an exception. Emil went to 4 lending institutions or more before finding St. Martin National Bank, who offered Emil a signature loan for $111000. Most signature loans simply require a client, like Emil’s signature to obtain them, up to $46,000 in some cases. Emil was able to get $111000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans don’t require collateral, these loans generally need better credit, as high as 743

Fast Loans for Emil in Saint Martin, Minnesota to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Saint Martin, Minnesota aren’t actually that difficult to obtain, especially if you have some gumption like Emil. Emil was able to find a fast loan for $111000 from Ormsby State Bank and Farmers and Merchants State Bank of Lamberton, but declined both offers in favor of their debt consolidation loan from St. Martin National 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 debt consolidation loans. A big improvement in the case that you are on the go.

Contact Details for St. Martin National Bank, the provider of this debt consolidation loan

  • St. Martin National Bank
  • City: Saint Martin
  • State: Minnesota
  • Address: 136 Main Street
  • County: Stearns
  • Zip code: 56376

Paraphrased and Standardized Quote from Emil for this debt consolidation loan of $111000, provided by St. Martin National Bank

Hello, I am Emil and my hometown is Saint Martin in Minnesota. Stearns, county is where I grew up, and now I need a debt consolidation loan in Minnesota for $111000 to buy a car. It wasn’t easy, but St. Martin National Bank really came through for me with this loan for 11.6% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to St. Martin National Bank for giving me a chance and my excellent credit. It look me 7 years to create my credit to 741, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Emil’s Transunion score was altered by the debt consolidation loan loan, changing to 728 from 741, which is normal in our experience.

Transunion Score: 728

Client Profile: Emil Kehr of Saint Martin, Minnesota
  • Full name (Changed if requested): Emil Kehr
  • Current Credit: loans.hit.utils.Fico@21b8d17c
  • Current City: Saint Martin
  • State: Minnesota
  • Zip code: 56383
  • Yearly income: $40,000
  • Current Job: set illustrator
  • Current County: Stearns
  • Goal Yearly Income: $114,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Before applying for this debt consolidation loan, Emil had an Experian score of 751, which is excellent, so St. Martin National Bank likely cannot provide Emil a debt consolidation loan

Experian Score: 751

Personal Loan for a set illustrator named Emil in Saint Martin, Minnesota to Pay Off Texas Rangers BankAmericard Cash Rewards MasterCard

Emil had a tonne of credit card debt on their Amalgamated Bank of Chicago Union MasterCard and their HSBC Advance MasterCard Credit Card, and they were starting to get in over their heads. Despite Emil’s job as a set illustrator, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Emil, a graduate of Southwest Baptist University and a set illustrator working for over $78,000 per year

Emil, an alumnus at Southwest Baptist University and a set illustrator in Saint Martin, Minnesota needs a debt consolidation loan to purchase a house. Emil has instead decided to get an installment loan for $29,000 and is at present seeking lenders like Red Rock Bank to provide it.

Several past requests for credit have been made by Emil in the past, including one from Southwestern Savings and Loan Association in Saint Martin, Minnesota before Emil was approved for the $111000 by St. Martin National Bank

Emil made 5 previous attempts to obtain a debt consolidation loan, 2 of which were with Southwestern Savings and Loan Association, a bank in Saint Martin, Minnesota known to specialize in debt consolidation loans specifically. Before finding St. Martin National Bank, Emil was concerned due to their inexperience and excellent credit score.

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

Normal debt consolidation loans vary from $28,000.00 to $45,000.00. They are normally used to pay off existing high interest loans like credit cards. Emil needed a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Emil was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 4.6%.

7 Months Ago, Emil Attempted to Find a High Risk Loan for $33,000.00, and it was Hard

It is an ongoing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Emil. Emil chose not to get a high risk loan this time. High Risk loans are given to bad credit borrowers. Individuals with credit ratings as low as 497 can apply for a high risk loan and have a chance to be accepted.

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

Emil has always wanted to be a control center specialist, but would have to attend Southwest Baptist University again to become one. Emil has other possibilities as well, including psychiatrist, model maker, and electronics technician, which pay $53,000 through to $103,000 per year, on average. For this reason, we believe that Emil can afford this debt consolidation loan of $111000.

Previous requests on Emil’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$37750.00 4 9.2% $943.0 Marquette Bank Cannon Falls November 12, 2011
$38320.00 3 11.6% $1265.46 Root River State Bank January 29, 2014
$38190.00 3 7.5% $1187.95 Clinton State Bank January 30, 2015
$37700.00 6 8.1% $662.85 Peoples State Bank of Plainview May 30, 2015
$37790.00 3 7.8% $1180.72 Security State Bank of Wykoff July 6, 2015

Emil was declined by Lake Area Bank 7 times before being approved by St. Martin National Bank at 136 Main Street

On December 13, 2008, Emil applied about borrowing $48,000 from Farmers and Merchants State Bank of Lamberton with Shandra, their in law from just outside Saint Martin, and even with the co-signer, Emil was rejected for this debt consolidation loan. With excellent credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Emil’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their set illustrator job and their future career as a control center specialist

Fico Score: 741

When Emil was 20, they tried to obtain a student loan from 6 alternate banks, which damaged their credit rating. Below is a chronology of Emil’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on June 15, 2013
  • Attempt 2) Loan for $33,000.00 on February 25, 2012
  • Attempt 3) Loan for $26,000.00 on December 20, 2013
  • Attempt 4) Loan for $29,000.00 on April 12, 2012
  • Attempt 5) Loan for $28,000.00 on July 15, 2013
  • Attempt 6) Loan for $32,000.00 on November 20, 2010

Conclusion of Emil’s debt consolidation loan

In the end, Emil was able to find a debt consolidation loan for $111000 with an interest rate of 8.7% interest APR from St. Martin National Bank in Saint Martin, Minnesota repayable over 16 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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