$144000 Emergency Loan – Lamar Colorado, Credit Score Of 546
- Experian: 563 – The client had a fair Experian score
- Transunion: 533 – Hugo had a fair credit score with Transunion.
- Equifax: Hugo’s Experian score was 546, which is a fair credit rating using the Experian system.
8 Months in the Past, Hugo Attempted Finding a High Risk Loan for $27,000.00, and it was Easy
It is an existing struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Hugo. Hugo chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Clients with credit ratings as low as 496 can apply for a high risk loan and may be be approved.
Personal Loan for a business professor named Hugo in Lamar, Colorado to Pay Off Merrill Lynch WCMA Business Access
Hugo had a tonne of credit card debt on their Pier 1 Imports Rewards Credit Card and their United Bank & Trust Credit Cards, and they were starting to get in over their heads. Despite Hugo’s job as a business professor, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Signature Loan found in Lamar, Colorado for $144000 with fair credit by Hugo
Many prospective borrowers have difficulty with finding signature loans in Lamar, Colorado, and Hugo is no exception. Hugo went to 4 lending institutions or more prior to settling on Frontier Bank, who offered Hugo a signature loan for $144000. Most signature loans simply require a client, like Hugo’s signature to get them, up to $35,000 in some cases. Hugo was able to get $144000 as a emergency loan, which is very high for an emergency loan. Since signature loans don’t require a cosigner, these loans tend to need improved credit, as high as 716
- Full name (Changed if requested): Hugo Billigmeier
- Current Credit: loans.hit.utils.Fico@433c675d
- Current City: Lamar
- State: Colorado
- Zip code: 81060
- Yearly income: $30,000
- Current Job: business professor
- Current County: Prowers
- Goal Yearly Income: $141,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Fast Loans for Hugo in Lamar, Colorado to prevent bankruptcy or harm from debt collectors.
Fast loans in Lamar, Colorado aren’t actually that difficult to obtain, especially if you have some finesse like Hugo. Hugo was able to find a fast loan for $144000 from The First National Bank of Durango and Colorado National Bank, but declined both offers in favor of their emergency loan from Frontier Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better in the case that a client is on the go.
Hugo’s Transunion score was changed by the emergency loan loan, changing to 533 from 546, which is typical in our experience.
Several previous requests for credit have been made by Hugo in the past, including one from The Peoples Savings and Loan Company in Lamar, Colorado before Hugo was accepted for the $144000 by Frontier Bank
Hugo made 6 prior attempts to obtain an emergency loan, 2 of which were with The Peoples Savings and Loan Company, a lender in Lamar, Colorado known to specialize in emergency loans specifically. Prior to finding Frontier Bank, Hugo was concerned due to their inexperience and fair credit rating.
Paraphrased and Standardized Quote from Hugo for this emergency loan of $144000, provided by Frontier Bank
Hello, I am Hugo and my hometown is Lamar in Colorado. Prowers, county is where I grew up, and now I need a emergency loan in Colorado for $144000 to avoid bankruptcy. It wasn’t easy, but Frontier Bank really came through for me with this loan for 5.6% interest APR and a term of 9 years. I will repay the loan over the 9 year term, including interest. A big thanks to Frontier Bank for giving me a chance and my fair credit. It look me 7 years to build my credit to 546, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.
When Hugo was 19, they attempted to obtain a student loan from 5 alternate lenders, which damaged their credit rating. Below is a chronology of Hugo’s prior attempts at finding a student loan:
- Attempt 1) Loan for $24,000.00 on April 5, 2009
- Attempt 2) Loan for $30,000.00 on December 19, 2009
- Attempt 3) Loan for $27,000.00 on July 12, 2011
- Attempt 4) Loan for $34,000.00 on May 23, 2011
- Attempt 5) Loan for $24,000.00 on March 29, 2011
Previous requests on Hugo’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$143480.00||3||7.2%||$4443.38||Affiliated National Bank – Delta||June 11, 2010|
|$143110.00||5||9.7%||$3019.58||Central Bank, National Association||July 17, 2010|
|$143250.00||3||6.4%||$4383.95||The Colorado Bank and Trust Company of La Junta||March 27, 2013|
|$143420.00||11||9.4%||$1747.26||Colorado State Bank and Trust, N. A.||February 5, 2014|
Before applying for this emergency loan, Hugo had an Experian score of 563, which is fair, so Frontier Bank likely cannot provide Hugo an emergency loan
Installment loan for Hugo, a graduate of University of Texas at Austin Psychology Internship and a business professor working for over $66,000 per year
Hugo, an alumnus at University of Texas at Austin Psychology Internship and a business professor in Lamar, Colorado wants an emergency loan to purchase a car. Hugo has instead decided to get an installment loan for $11,000 and is at present seeking lenders like Central Bank, National Association to process their request.
Hugo was rejected by Fremont National Bank of Canon City 6 times before being accepted by Frontier Bank at 200 South Main
On July 22, 2013, Hugo applied about borrowing $13,000 from The First National Bank of Brush with Jc, their in law from just outside Lamar, and even with the co-signer, Hugo was rejected for this emergency loan. With fair credit, it can be difficult to obtain funding, even with collateral and a co-signer.
Hugo’s Overall FICO score at the time of acceptance for an emergency loan, taking into account their business professor job and their future job as an educational resource coordinator
Hugo has a disappointing current yearly income, but has a large amount of prospects
Hugo has always wanted to be an educational resource coordinator, but would need attend University of Texas at Austin Psychology Internship again to become one. Hugo has other possibilities as well, including fish hatchery specialist, health psychologist, and licensed practical nurse, which pay $53,000 through to $108,000 per year, at least. For this reason, we believe that Hugo can pay for this emergency loan of $144000.
Contact Details for Frontier Bank, the provider of this emergency loan
- Frontier Bank
- City: Lamar
- State: Colorado
- Address: 200 South Main
- County: Prowers
- Zip code: 81052
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Average debt consolidation loans vary from $27,000.00 to $48,000.00. They are normally used to pay off existing high interest loans like credit cards. Hugo required a debt consolidation loan to pay for their existing emergency loan and their credit card. Hugo was able to find a emergency loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.2%.
Conclusion of Hugo’s emergency loan
In the end, Hugo was able to find an emergency loan for $144000 with an interest rate of 10.5% interest APR from Frontier Bank in Lamar, Colorado repayable over 9 years from today.