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Direct Loan For $16000 Near 51442, Iowa With A Credit Score Of 607

$16000 Direct Loan – Denison Iowa, Credit Rating Of 607

  • Experian: 622 – The client had a good Experian rating
  • Transunion: 595 – Delphine had a good credit score with Transunion.
  • Equifax: Delphine’s Experian score was 607, which is a good credit score with the Experian scale.

Several previous requests for credit have been made by Delphine in the past, including one from Cary Grove Savings and Loan Association in Denison, Iowa before Delphine was accepted for the $16000 by Bank Iowa

Delphine made 4 prior attempts to obtain a direct loan, 2 of which were with Cary Grove Savings and Loan Association, a lending institution in Denison, Iowa known to specialize in direct loans specifically. Prior to finding Bank Iowa, Delphine was very concerned due to their inexperience and good credit rating.

Contact Details for Bank Iowa, the provider of this direct loan

  • Bank Iowa
  • City: Denison
  • State: Iowa
  • Address: 1108 Broadway
  • County: Crawford
  • Zip code: 51442

Before applying for this direct loan, Delphine had an Experian score of 622, which is good, so Bank Iowa probably cannot provide Delphine a direct loan

Experian Score: 622

8 Months Ago, Delphine Tried Finding a High Risk Loan for $34,000.00, but They Didn’t Find What They were Expecting

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 the like, which can be scary to borrowers like Delphine. Delphine decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Borrowers with credit ratings as low as 576 can apply for a high risk loan and possibly can be accepted.

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $36,000.00 to $56,000.00. They are mainly used to pay off existing high interest loans like credit cards. Delphine required a debt consolidation loan to pay for their existing direct loan and their payday loan. Delphine was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.5%.

Installment loan for Delphine, a graduate of Rainstar University and a compensation administrator working for over $63,000 per year

Delphine, an alumnus at Rainstar University and a compensation administrator in Denison, Iowa wants a direct loan to purchase something frivolous. Delphine has instead decided to obtain an installment loan for $6,000 and is currently seeking lenders like Washington State Bank to process their request.

Client Profile: Delphine Meleen of Denison, Iowa
  • Full name (Changed if requested): Delphine Meleen
  • Current Credit: loans.hit.utils.Fico@7530d0a
  • Current City: Denison
  • State: Iowa
  • Zip code: 51446
  • Yearly income: $43,000
  • Current Job: compensation administrator
  • Current County: Crawford
  • Goal Yearly Income: $116,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Paraphrased and Standardized Quote from Delphine for this direct loan of $16000, provided by Bank Iowa

Hi, I am Delphine and my hometown is Denison in Iowa. Crawford, county is where I grew up, and now I need a direct loan in Iowa for $16000 to buy a big ticket item. It has been difficult, but Bank Iowa really came through for me with this loan for 7.4% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to Bank Iowa for trusting me and my good credit. It look me 9 years to create my credit to 607, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.

Personal Loan for a compensation administrator named Delphine in Denison, Iowa to Pay Off Speedway SuperAmerica MasterCard

Delphine had a lot of credit card debt on their THE MAILBOX Teacher Platinum Visa Card and their UBS Visa Signature Credit Card, and they were starting to get in over their heads. Despite Delphine’s job as a compensation administrator, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Delphine was 22, they tried to obtain a student loan from 7 alternate banks, which harmed their credit rating. Below is a chronology of Delphine’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on July 1, 2009
  • Attempt 2) Loan for $21,000.00 on July 30, 2009
  • Attempt 3) Loan for $31,000.00 on September 27, 2012
  • Attempt 4) Loan for $36,000.00 on December 26, 2010
  • Attempt 5) Loan for $22,000.00 on July 26, 2011
  • Attempt 6) Loan for $22,000.00 on December 2, 2012
  • Attempt 7) Loan for $21,000.00 on March 15, 2012

Delphine was not approved by First State Savings Bank 7 times before being accepted by Bank Iowa at 1108 Broadway

On February 15, 2010, Delphine inquired about borrowing $23,000 from Postville State Bank with Arron, their friend from just outside Denison, and even with the co-signer, Delphine was rejected for this direct loan. With good credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Delphine’s Transunion score was changed by the direct loan loan, changing to 595 from 607, which is typical in our experience.

Transunion Score: 595

Signature Loan found in Denison, Iowa for $16000 with good credit by Delphine

A lot of prospective borrowers struggle with finding signature loans in Denison, Iowa, and Delphine is no different. Delphine went to 7 lending institutions or more prior to finding Bank Iowa, who offered Delphine a signature loan for $16000. Typical signature loans simply need a client, like Delphine’s signature to obtain them, up to $39,000 in some cases. Delphine was able to get $16000 as a direct loan, which is very high for a direct loan. Since signature loans do not require a cosigner, these loans generally require improved credit, as high as 797

Delphine has a very low current total income, but has several of prospects

Delphine has always wanted to be a medical photographer, but would need attend Rainstar University again to become one. Delphine has other prospects as well, including child care worker, speech writer, and credit analyst, which pay $55,000 through to $103,000 per year, at least. Because of this, we believe that Delphine can pay for this direct loan of $16000.

Fast Loans for Delphine in Denison, Iowa to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Denison, Iowa aren’t actually that difficult to obtain, especially if you have some gumption like Delphine. Delphine was able to find a fast loan for $16000 from Community Bank and Buffalo Savings Bank, but turned down both offers in favor of their direct loan from Bank Iowa. The difference with a fast loan over a installment 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 a client is on the go.

Delphine’s Overall FICO score at the time of acceptance for a direct loan, taking into account their compensation administrator job and their future career as a medical photographer

Fico Score: 607

Previous requests on Delphine’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$96210.00 7 8.8% $1538.18 Mills County Bank National Association January 29, 2011
$96420.00 4 11.1% $2496.71 Postville State Bank April 8, 2011
$95900.00 10 10.6% $1299.4 Washington State Bank July 6, 2012
$95650.00 4 6.3% $2259.52 Rippey Savings Bank August 3, 2014
$96230.00 7 7.5% $1476.0 Iowa State Bank October 29, 2014

Conclusion of Delphine’s direct loan

In the end, Delphine was able to find a direct loan for $16000 with an interest rate of 9.7% interest APR from Bank Iowa in Denison, Iowa 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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