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High Risk Loan With Very Low APR In Bremer County, Iowa

$84000 High Risk Loan – Readlyn Iowa, Credit Score Of 635

  • Experian: 654 – They had a good Experian rating
  • Transunion: 619 – Shalanda had a good credit score with Transunion.
  • Equifax: Shalanda’s Experian score was 635, which is a good credit rating using the Experian system.

8 Months Ago, Shalanda Attempted Finding a High Risk Loan for $28,000.00, and it was Hard

There is an existing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Shalanda. Shalanda chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Clients with credit ratings as low as 377 can inquire for a high risk loan and possibly can be accepted.

Personal Loan for an air traffic controller named Shalanda in Readlyn, Iowa to Pay Off Phillips 66 Fleet Card

Shalanda had a tonne of credit card debt on their Wings Financial Visa Platinum and their MCU Visa Gold, and they were starting to get in over their heads. Despite Shalanda’s job as an air traffic controller, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

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

Average debt consolidation loans vary from $27,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Shalanda required a debt consolidation loan to pay for their existing high risk loan and their loan shark loan. Shalanda was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your bad, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.5%.

Previous requests on Shalanda’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$137130.00 9 9.1% $1864.42 Mills County Bank National Association December 18, 2012
$136890.00 9 5.8% $1629.96 Postville State Bank November 29, 2013
$137400.00 7 5.8% $1994.07 Washington State Bank January 25, 2015
$137480.00 5 10.5% $2954.98 Rippey Savings Bank March 27, 2015
$136880.00 10 9.4% $1763.71 Iowa State Bank June 29, 2015

Fast Loans for Shalanda in Readlyn, Iowa to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Readlyn, Iowa aren’t actually that difficult to obtain, especially if you have some gumption like Shalanda. Shalanda was able to find a fast loan for $84000 from American State Bank and Raccoon Valley State Bank, but declined both offers in favor of their high risk loan from Readlyn Savings Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big difference in the case that you are in a time sensitive situation.

Contact Details for Readlyn Savings Bank, the provider of this high risk loan

  • Readlyn Savings Bank
  • City: Readlyn
  • State: Iowa
  • Address: 141 Main Street
  • County: Bremer
  • Zip code: 50668

Shalanda was not approved by Security State Bank 6 times before being granted funding by Readlyn Savings Bank at 141 Main Street

On April 14, 2009, Shalanda applied about borrowing $40,000 from Ankeny State Bank with Risa, their in law from just outside Readlyn, and even with the co-signer, Shalanda was rejected for this high risk loan. With good credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Shalanda for this high risk loan of $84000, provided by Readlyn Savings Bank

Hello, I am Shalanda and I’m from Readlyn in Iowa. Bremer, county is where I grew up, and now I need a high risk loan in Iowa for $84000 to buy a big ticket item. It has been difficult, but Readlyn Savings Bank really came through for me with this loan for 7.4% interest APR and a term of 24 years. I can repay the loan over the 24 year term, including interest. A big thanks to Readlyn Savings Bank for giving me a chance and my good credit. It look me 5 years to build my credit to 635, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

When Shalanda was 19, they attempted to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a list of Shalanda’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on August 31, 2011
  • Attempt 2) Loan for $36,000.00 on November 24, 2013
  • Attempt 3) Loan for $32,000.00 on December 15, 2010
  • Attempt 4) Loan for $31,000.00 on July 12, 2012
  • Attempt 5) Loan for $21,000.00 on October 28, 2012

Shalanda has a sad current gross income, but has a large amount of prospects

Shalanda has always wanted to be an industrial designer, but would have to attend Carolina College of Biblical Studies again to achieve it. Shalanda has other possibilities as well, including caption writer, pilot, and nuclear monitoring technician, which pay $50,000 through to $99,000 per year, at least. For this reason, we think that Shalanda can pay for this high risk loan of $84000.

Shalanda’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their air traffic controller job and their future career as an industrial designer

Fico Score: 635

Client Profile: Shalanda Balaam of Readlyn, Iowa
  • Full name (Changed if requested): Shalanda Balaam
  • Current Credit: loans.hit.utils.Fico@70177ecd
  • Current City: Readlyn
  • State: Iowa
  • Zip code: 50669
  • Yearly income: $30,000
  • Current Job: air traffic controller
  • Current County: Bremer
  • Goal Yearly Income: $117,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Multiple past requests for credit have been made by Shalanda in the past, including one from Fermanagh Building and Loan Association in Readlyn, Iowa before Shalanda was approved for the $84000 by Readlyn Savings Bank

Shalanda made 4 prior attempts to obtain a high risk loan, 2 of which were with Fermanagh Building and Loan Association, a lending institution in Readlyn, Iowa known to specialize in high risk loans specifically. Before finding Readlyn Savings Bank, Shalanda was very concerned due to their inexperience and good credit rating.

Installment loan for Shalanda, a graduate of Carolina College of Biblical Studies and an air traffic controller working for over $64,000 per year

Shalanda, an alumnus at Carolina College of Biblical Studies and an air traffic controller in Readlyn, Iowa wants a high risk loan to purchase something frivolous. Shalanda has instead chosen to obtain an installment loan for $15,000 and is at present seeking lenders like Raccoon Valley State Bank to process their request.

Before applying for this high risk loan, Shalanda had an Experian score of 654, which is good, so Readlyn Savings Bank likely cannot provide Shalanda a high risk loan

Experian Score: 654

Signature Loan easily acquired in Readlyn, Iowa for $84000 with good credit by Shalanda

A lot of prospective borrowers have difficulty with finding signature loans in Readlyn, Iowa, and Shalanda is not an exception. Shalanda went to 8 lending institutions or more before settling on Readlyn Savings Bank, who offered Shalanda a signature loan for $84000. Most signature loans simply require a client, like Shalanda’s signature to get them, up to $47,000 in some cases. Shalanda was able to get $84000 as a high risk loan, which is very high for a high risk loan. Because signature loans do not require a cosigner, these loans tend to need improved credit, as high as 702

Shalanda’s Transunion score was altered by the high risk loan loan, changing to 619 from 635, which is typical in our experience.

Transunion Score: 619

Conclusion of Shalanda’s high risk loan

In the end, Shalanda was able to find a high risk loan for $84000 with an interest rate of 8.2% interest APR from Readlyn Savings Bank in Readlyn, Iowa repayable over 24 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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