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Direct Loan Of $15000 For Fair Credit Nebraska Resident

$15000 Direct Loan – Ansley Nebraska, Credit Score Of 534

  • Experian: 545 – This client had a fair Experian rating
  • Transunion: 515 – Coreen had a fair credit rating with Transunion.
  • Equifax: Coreen’s Experian score was 534, which is a fair credit score using the Experian scale.

Contact Details for Security State Bank, the provider of this direct loan

  • Security State Bank
  • City: Ansley
  • State: Nebraska
  • Address: 624 Main St
  • County: Custer
  • Zip code: 68814

Paraphrased and Standardized Quote from Coreen for this direct loan of $15000, provided by Security State Bank

Hello, I am Coreen and I am from Ansley in Nebraska. Custer, county is where I grew up, and now I need a direct loan in Nebraska for $15000 to pay bills. It wasn’t easy, but Security State Bank really came through for me with this loan for 10.2% 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 Security State Bank for trusting me and my fair credit. It look me 4 years to build my credit to 534, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.

Client Profile: Coreen Macomber of Ansley, Nebraska
  • Full name (Changed if requested): Coreen Macomber
  • Current Credit: loans.hit.utils.Fico@7530d0a
  • Current City: Ansley
  • State: Nebraska
  • Zip code: 68815
  • Yearly income: $69,000
  • Current Job: sales representative
  • Current County: Custer
  • Goal Yearly Income: $122,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Before applying for this direct loan, Coreen had an Experian score of 545, which is fair, so Security State Bank likely cannot provide Coreen a direct loan

Experian Score: 545

Fast Loans for Coreen in Ansley, Nebraska to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Ansley, Nebraska aren’t actually that difficult to obtain, especially if you have some finesse like Coreen. Coreen was able to find a fast loan for $15000 from The First National Bank of Albion and The Carson National Bank of Auburn, but declined both offers in favor of their direct loan from Security State Bank. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement if you are on the go.

Coreen’s Overall FICO score at the time of acceptance for a direct loan, taking into account their sales representative job and their future job as a speech writer

Fico Score: 534

Previous requests on Coreen’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$13650.00 3 9.8% $439.17 Citizens Bank September 9, 2011
$13580.00 8 8.1% $192.67 Stromsburg Bank February 15, 2014
$14100.00 7 8.7% $224.72 Wahoo State Bank December 28, 2014
$14360.00 3 6.1% $437.51 Arlington State Bank April 18, 2015

Personal Loan for a sales representative named Coreen in Ansley, Nebraska to Pay Off Princess Cruises Rewards Visa Card

Coreen had a tonne of credit card debt on their GoodGuys Rod & Custom Association Rewards Visa Card and their Chevron and Texaco Visa Card, and they were starting to get in over their heads. Despite Coreen’s job as a sales representative, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Coreen was 23, they tried to obtain a student loan from 5 different banks, which harmed their credit score. Below is a chronology of Coreen’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on January 1, 2009
  • Attempt 2) Loan for $37,000.00 on August 20, 2010
  • Attempt 3) Loan for $21,000.00 on January 25, 2012
  • Attempt 4) Loan for $32,000.00 on September 6, 2010
  • Attempt 5) Loan for $20,000.00 on December 5, 2009

9 Months in the Past, Coreen Attempted Finding a High Risk Loan for $20,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Coreen. Coreen chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Individuals with credit ratings as low as 560 can apply for a high risk loan and have a chance to be approved.

Coreen was not approved by The Bank of Cody 7 times prior to being accepted by Security State Bank at 624 Main St

On December 2, 2011, Coreen inquired about borrowing $40,000 from Western Nebraska Bank with Sammie, their friend from just outside Ansley, and even with the co-signer, Coreen was rejected for this direct loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Several past requests for credit have been made by Coreen in the past, including one from Bank of Eclectic in Ansley, Nebraska before Coreen was accepted for the $15000 by Security State Bank

Coreen made 5 previous attempts to obtain a direct loan, 2 of which were with Bank of Eclectic, a bank in Ansley, Nebraska known to specialize in direct loans specifically. Before finding Security State Bank, Coreen was very concerned due to their inexperience and fair credit score.

Installment loan for Coreen, a graduate of Colorado State University and a sales representative working for over $78,000 per year

Coreen, an alumnus at Colorado State University and a sales representative in Ansley, Nebraska wants a direct loan to purchase something frivolous. Coreen has instead chosen to obtain an installment loan for $18,000 and is at present seeking lenders like Pathway Bank to provide it.

Signature Loan found in Ansley, Nebraska for $15000 with fair credit by Coreen

A lot of prospective borrowers have difficulty with finding signature loans in Ansley, Nebraska, and Coreen is not an exception. Coreen went to 8 lending institutions or more before finding Security State Bank, who offered Coreen a signature loan for $15000. Most signature loans simply require a client, like Coreen’s signature to get them, up to $20,000 in some cases. Coreen was able to get $15000 as a direct loan, which is very high for a direct loan. Because signature loans do not need a cosigner, they generally need better credit, as high as 706

Coreen’s Transunion score was altered by the direct loan loan, changing to 515 from 534, which is typical in our experience.

Transunion Score: 515

Coreen has a low current yearly income, but has several of prospects

Coreen has always wanted to be a speech writer, but would need attend Colorado State University again to become one. Coreen has other prospects as well, including instrument technician, recreational protective service worker, and athletic coach, which pay $59,000 through to $95,000 per year, on average. For this reason, we think that Coreen can pay for this direct loan of $15000.

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $36,000.00 to $49,000.00. They are normally used to pay off existing high interest loans like credit cards. Coreen needed a debt consolidation loan to pay for their existing direct loan and their credit card. Coreen was able to find a direct loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your less desirable, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.0%.

Conclusion of Coreen’s direct loan

In the end, Coreen was able to find a direct loan for $15000 with an interest rate of 5.4% interest APR from Security State Bank in Ansley, Nebraska repayable over 16 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.