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Francesco Had Need For A No Collateral Loan For $30000, Warren, Michigan

$30000 No Collateral Loan – Warren Michigan, Credit Score Of 688

  • Experian: 704 – This client had a good Experian rating
  • Transunion: 670 – Francesco had a good credit rating with Transunion.
  • Equifax: Francesco’s Experian score was 688, which is a good credit rating using the Experian rating scheme.

8 Months Ago, Francesco Attempted to Find a High Risk Loan for $41,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Francesco. Francesco chose not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Clients with credit scores as low as 341 can inquire for a high risk loan and have a chance to be approved.

Contact Details for Tri-City Bank, the provider of this no collateral loan

  • Tri-City Bank
  • City: Warren
  • State: Michigan
  • Address: 30100 Van Dyke Avenue
  • County: Macomb
  • Zip code: 48093

Francesco has a very low current gross income, but has a large amount of prospects

Francesco has always wanted to be a construction laborer, but would have to attend Compton Community College again to achieve it. Francesco has other prospects as well, including engineering professor, tour guide, and adjustment clerk, which pay $59,000 through to $97,000 per year, on average. Because of this, we think that Francesco can afford this no collateral loan of $30000.

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

Most debt consolidation loans vary from $27,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Francesco needed a debt consolidation loan to pay for their existing no collateral loan and their credit card. Francesco was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.8%.

Previous requests on Francesco’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$23820.00 10 6.8% $274.12 Society Bank, Lenawee July 1, 2010
$24300.00 7 8.7% $387.28 Bank of Lenawee December 4, 2012
$23750.00 6 6.5% $399.24 First of America Bank – Alpena August 28, 2013
$24360.00 7 6.7% $364.1 NBD Ann Arbor, National Association September 20, 2013
$24100.00 7 6.2% $354.38 First of America Bank – Mid Michigan, National Association April 17, 2015
Client Profile: Francesco Bisch of Warren, Michigan
  • Full name (Changed if requested): Francesco Bisch
  • Current Credit: loans.hit.utils.Fico@2dda6444
  • Current City: Warren
  • State: Michigan
  • Zip code: 48098
  • Yearly income: $63,000
  • Current Job: mine inspector
  • Current County: Macomb
  • Goal Yearly Income: $136,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Many previous requests for credit have been made by Francesco in the past, including one from The Thurmont Bank in Warren, Michigan before Francesco was accepted for the $30000 by Tri-City Bank

Francesco made 7 previous attempts to obtain a no collateral loan, 2 of which were with The Thurmont Bank, a lender in Warren, Michigan known to specialize in no collateral loans specifically. Prior to finding Tri-City Bank, Francesco was concerned due to their inexperience and good credit rating.

Before applying for this no collateral loan, Francesco had an Experian score of 704, which is good, so Tri-City Bank probably cannot provide Francesco a no collateral loan

Experian Score: 704

Installment loan for Francesco, a graduate of Compton Community College and a mine inspector working for over $77,000 per year

Francesco, an alumnus at Compton Community College and a mine inspector in Warren, Michigan wants a no collateral loan to purchase a new cell phone. Francesco has instead decided to obtain an installment loan for $25,000 and is at present seeking lenders like Mason State Bank to provide it.

Personal Loan for a mine inspector named Francesco in Warren, Michigan to Pay Off Wells Fargo College Visa Credit Card

Francesco had a lot of credit card debt on their Delta Community Credit Union Visa Cards and their Stein Mart Style Credit Card, and they were starting to get in over their heads. Despite Francesco’s job as a mine inspector, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Francesco for this no collateral loan of $30000, provided by Tri-City Bank

Hi, I am Francesco and I am from Warren in Michigan. Macomb, county is where I grew up, and now I need a no collateral loan in Michigan for $30000 to renovate my home. It wasn’t easy, but Tri-City Bank really came through for me with this loan for 8.1% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to Tri-City Bank for giving me a chance and my good credit. It look me 5 years to create my credit to 688, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Fast Loans for Francesco in Warren, Michigan to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Warren, Michigan aren’t actually that difficult to obtain, particularly if you have some finesse like Francesco. Francesco was able to find a fast loan for $30000 from First of America Bank – Mid Michigan, National Association and New Haven Savings Bank, but declined both offers in favor of their no collateral loan from Tri-City 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 debt consolidation loans. A big improvement if a client is on the go.

When Francesco was 23, they tried to obtain a student loan from 7 alternate banks, which damaged their credit score. Below is a list of Francesco’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on August 11, 2012
  • Attempt 2) Loan for $33,000.00 on October 16, 2009
  • Attempt 3) Loan for $30,000.00 on January 5, 2011
  • Attempt 4) Loan for $25,000.00 on February 28, 2012
  • Attempt 5) Loan for $32,000.00 on January 25, 2012
  • Attempt 6) Loan for $26,000.00 on November 6, 2012
  • Attempt 7) Loan for $33,000.00 on January 27, 2013

Francesco’s Transunion score was changed by the no collateral loan loan, changing to 670 from 688, which is typical in our experience.

Transunion Score: 670

Francesco’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their mine inspector job and their future job as a construction laborer

Fico Score: 688

Signature Loan acquired in Warren, Michigan for $30000 with good credit by Francesco

Most prospective borrowers struggle with finding signature loans in Warren, Michigan, and Francesco is no exception. Francesco went to 6 lenders or more prior to settling on Tri-City Bank, who offered Francesco a signature loan for $30000. Typical signature loans simply need a client, like Francesco’s signature to get them, up to $29,000 in some cases. Francesco was able to get $30000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans do not require a cosigner, these loans generally require higher credit, as high as 792

Francesco was not approved by Tri-County Bank 6 times before being approved by Tri-City Bank at 30100 Van Dyke Avenue

On March 31, 2012, Francesco inquired about borrowing $12,000 from Blissfield State Bank with Kiesha, their in law from just outside Warren, and even with the co-signer, Francesco was rejected for this no collateral loan. With good credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Conclusion of Francesco’s no collateral loan

In the end, Francesco was able to find a no collateral loan for $30000 with an interest rate of 5.0% interest APR from Tri-City Bank in Warren, Michigan repayable over 22 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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