$63000 High Risk Loan – Sandstone Minnesota, Credit Score Of 404
- Experian: 416 – They had a bad Experian rating
- Transunion: 392 – Tony had a bad credit rating with Transunion.
- Equifax: Tony’s Experian score was 404, which is a bad credit rating with the Experian system.
Before applying for this high risk loan, Tony had an Experian score of 416, which is bad, so Sandstone State Bank probably cannot provide Tony a high risk loan
Signature Loan acquired in Sandstone, Minnesota for $63000 with bad credit by Tony
Most borrowers have difficulty with obtaining signature loans in Sandstone, Minnesota, and Tony is the same. Tony went to 8 lenders or more before finding Sandstone State Bank, who offered Tony a signature loan for $63000. Most signature loans simply require a client, like Tony’s signature to obtain them, up to $22,000 in some cases. Tony was able to get $63000 as a high risk loan, which is very high for a high risk loan. Because signature loans do not need collateral, they tend to need better credit, as high as 711
Fast Loans for Tony in Sandstone, Minnesota to prevent bankruptcy or harm from debt collectors.
Fast loans in Sandstone, Minnesota aren’t actually that difficult to obtain, especially if you have some finesse like Tony. Tony was able to find a fast loan for $63000 from Forest Lake State Bank and State Bank of Belle Plaine, but turned down both offers in favor of their high risk loan from Sandstone State Bank. The difference with a fast loan over a debt consolidation 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 borrower is in a pinch.
Tony’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their occupational safety & health inspector job and their future career as a geological technician
Personal Loan for an occupational safety & health inspector named Tony in Sandstone, Minnesota to Pay Off Jackson Hewitt ipower Prepaid Visa Card
Tony had a tonne of credit card debt on their Fulton Bank of New Jersey Secured Visa Card and their Diners Club Carte Blanche Card, and they were starting to get in over their heads. Despite Tony’s job as an occupational safety & health inspector, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Previous requests on Tony’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$30470.00||7||9.6%||$499.56||Marquette Bank Cannon Falls||December 22, 2008|
|$30410.00||5||9.7%||$641.64||Root River State Bank||April 10, 2013|
|$29690.00||3||7.6%||$924.91||Clinton State Bank||April 17, 2013|
|$30370.00||9||10.7%||$439.17||Peoples State Bank of Plainview||October 23, 2013|
Contact Details for Sandstone State Bank, the provider of this high risk loan
- Sandstone State Bank
- City: Sandstone
- State: Minnesota
- Address: Main Street
- County: Pine
- Zip code: 55072
When Tony was 24, they tried to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a list of Tony’s prior attempts at finding a student loan:
- Attempt 1) Loan for $29,000.00 on March 10, 2014
- Attempt 2) Loan for $25,000.00 on September 14, 2009
- Attempt 3) Loan for $29,000.00 on March 18, 2011
- Attempt 4) Loan for $30,000.00 on February 27, 2010
- Attempt 5) Loan for $30,000.00 on January 25, 2010
Multiple past requests for credit have been made by Tony in the past, including one from Advantage Bank in Sandstone, Minnesota before Tony was accepted for the $63000 by Sandstone State Bank
Tony made 5 previous tries to obtain a high risk loan, 2 of which were with Advantage Bank, a lending institution in Sandstone, Minnesota known to specialize in high risk loans specifically. Prior to finding Sandstone State Bank, Tony was very concerned due to their inexperience and bad credit score.
Tony has a disappointing current gross income, but has several of prospects
Tony has always wanted to be a geological technician, but would need attend Gardner-Webb University again to achieve it. Tony has other possibilities as well, including medical laboratory technician, industrial relations specialist, and travel counselor, which pay $59,000 through to $95,000 per year, on average. Because of this, we think that Tony can afford this high risk loan of $63000.
9 Months Ago, Tony Attempted to Find a High Risk Loan for $33,000.00, and it was Easy
There is an well known struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Tony. Tony decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Clients with credit ratings as low as 384 can apply for a high risk loan and may be be accepted.
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans vary from $38,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Tony needed a debt consolidation loan to pay for their existing high risk loan and their credit card. Tony was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 4.6%.
- Full name (Changed if requested): Tony Roughen
- Current Credit: loans.hit.utils.Fico@4edde6e5
- Current City: Sandstone
- State: Minnesota
- Zip code: 55077
- Yearly income: $59,000
- Current Job: occupational safety & health inspector
- Current County: Pine
- Goal Yearly Income: $83,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Tony was rejected by Princeton Bank 7 times before being granted funding by Sandstone State Bank at Main Street
On November 25, 2008, Tony applied about borrowing $30,000 from Fidelity Bank and Trust Company with Maxwell, their in law from just outside Sandstone, and even with the co-signer, Tony was rejected for this high risk loan. With bad credit, it can be challenging to procure funding, even with collateral and a co-signer.
Installment loan for Tony, a graduate of Gardner-Webb University and an occupational safety & health inspector working for over $60,000 per year
Tony, an alumnus at Gardner-Webb University and an occupational safety & health inspector in Sandstone, Minnesota needs a high risk loan to purchase a car. Tony has instead chosen to obtain an installment loan for $26,000 and is at present seeking lenders like Lakeland State Bank to process their request.
Tony’s Transunion score was altered by the high risk loan loan, changing to 392 from 404, which is normal in our experience.
Paraphrased and Standardized Quote from Tony for this high risk loan of $63000, provided by Sandstone State Bank
Hi, I am Tony and I’m from Sandstone in Minnesota. Pine, county is where I grew up, and now I need a high risk loan in Minnesota for $63000 to buy a car. It has been difficult, but Sandstone State Bank really came through for me with this loan for 6.5% interest APR and a term of 23 years. I will repay the loan over the 23 year term, including interest. A big thanks to Sandstone State Bank for trusting me and my bad credit. It look me 6 years to create my credit to 404, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.
Conclusion of Tony’s high risk loan
In the end, Tony was able to find a high risk loan for $63000 with an interest rate of 8.7% interest APR from Sandstone State Bank in Sandstone, Minnesota repayable over 23 years from now.