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Low Rate Private Loan For Denice In Bridgewater, South Dakota

$136000 Private Loan – Bridgewater South Dakota, Credit Score Of 574

  • Experian: 591 – The client had a fair Experian score
  • Transunion: 562 – Denice had a fair credit score with Transunion.
  • Equifax: Denice’s Experian score was 574, which is a fair credit rating with the Experian scale.

Personal Loan for a cement mason named Denice in Bridgewater, South Dakota to Pay Off Alliance Bank of Arizona Business Credit Card

Denice had a tonne of credit card debt on their BB&T Visa Corporate Card and their Plum Card, and they were starting to get in over their heads. Despite Denice’s job as a cement mason, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Denice’s Transunion score was altered by the private loan loan, changing to 562 from 574, which is normal in our experience.

Transunion Score: 562

Previous requests on Denice’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$39300.00 10 10.5% $530.29 The Peoples Bank May 23, 2009
$39130.00 5 8.4% $800.93 First State Bank of Claremont April 8, 2010
$39400.00 5 10.6% $848.81 Security State Bank June 12, 2011
$38740.00 9 10.3% $551.72 First Western Bank October 27, 2012

Denice has a very low current total income, but has a large amount of prospects

Denice has always wanted to be a recreational protective service worker, but would have to attend Mid Michigan Community College again to achieve it. Denice has other prospects as well, including publications editor, printing/graphic arts reproduction technician, and dermatologist, which pay $57,000 through to $90,000 per year, at least. For this reason, we think that Denice can afford this private loan of $136000.

Contact Details for First State Bank, the provider of this private loan

  • First State Bank
  • City: Bridgewater
  • State: South Dakota
  • Address: 330 Main Street
  • County: Mccook
  • Zip code: 57319

Paraphrased and Standardized Quote from Denice for this private loan of $136000, provided by First State Bank

Hi, I am Denice and I am from Bridgewater in South Dakota. Mccook, county is where I grew up, and now I need a private loan in South Dakota for $136000 to avoid bankruptcy. It wasn’t easy, but First State Bank really came through for me with this loan for 6.6% interest APR and a term of 18 years. I can probably repay the loan over the 18 year term, including interest. A big thanks to First State Bank for giving me a chance and my fair credit. It look me 4 years to create my credit to 574, and I won’t tarnish it any more. I am pleased with Find Texas Loans for assisting me this far.

When Denice was 23, they tried to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a list of Denice’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on December 12, 2009
  • Attempt 2) Loan for $31,000.00 on December 27, 2011
  • Attempt 3) Loan for $30,000.00 on July 30, 2009
  • Attempt 4) Loan for $29,000.00 on June 7, 2009
  • Attempt 5) Loan for $36,000.00 on March 23, 2013

6 Months Ago, Denice Attempted to Find a High Risk Loan for $37,000.00, and it was Hard

It is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Denice. Denice chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Borrowers with credit scores as low as 411 can inquire for a high risk loan and have a chance to be accepted.

Client Profile: Denice Laviola of Bridgewater, South Dakota
  • Full name (Changed if requested): Denice Laviola
  • Current Credit: loans.hit.utils.Fico@5197848c
  • Current City: Bridgewater
  • State: South Dakota
  • Zip code: 57326
  • Yearly income: $62,000
  • Current Job: cement mason
  • Current County: Mccook
  • Goal Yearly Income: $130,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Fast Loans for Denice in Bridgewater, South Dakota to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Bridgewater, South Dakota aren’t actually that difficult to obtain, particularly if you have some gumption like Denice. Denice was able to find a fast loan for $136000 from Security State Bank and Farmers and Merchants State Bank, but declined both offers in favor of their private loan from First State Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement if a borrower is on the go.

Signature Loan found in Bridgewater, South Dakota for $136000 with fair credit by Denice

Most clients struggle with obtaining signature loans in Bridgewater, South Dakota, and Denice is no different. Denice went to 7 lenders or more prior to settling on First State Bank, who offered Denice a signature loan for $136000. Typical signature loans simply require a client, like Denice’s signature to obtain them, up to $20,000 in some cases. Denice was able to get $136000 as a private loan, which is very high for a private loan. Since signature loans do not require a cosigner, they generally need higher credit, as high as 718

Denice was rejected by Merchants State Bank 6 times before being accepted by First State Bank at 330 Main Street

On March 3, 2009, Denice inquired about borrowing $37,000 from First Western Bank with Jae, their friend from just outside Bridgewater, and even with the co-signer, Denice was rejected for this private loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Denice’s Overall FICO score at the time of acceptance for a private loan, taking into account their cement mason job and their future career as a recreational protective service worker

Fico Score: 574

Before applying for this private loan, Denice had an Experian score of 591, which is fair, so First State Bank most likely cannot provide Denice a private loan

Experian Score: 591

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $33,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Denice needed a debt consolidation loan to pay for their existing private loan and their loan shark loan. Denice was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.1%.

Multiple past requests for credit have been made by Denice in the past, including one from Magna Bank, National Association in Bridgewater, South Dakota before Denice was approved for the $136000 by First State Bank

Denice made 8 previous tries to obtain a private loan, 2 of which were with Magna Bank, National Association, a lender in Bridgewater, South Dakota known to specialize in private loans specifically. Prior to finding First State Bank, Denice was concerned due to their inexperience and fair credit score.

Installment loan for Denice, a graduate of Mid Michigan Community College and a cement mason working for over $74,000 per year

Denice, an alumnus at Mid Michigan Community College and a cement mason in Bridgewater, South Dakota wants a private loan to purchase a new cell phone. Denice has instead decided to get an installment loan for $27,000 and is currently seeking lenders like Security State Bank to provide it.

Conclusion of Denice’s private loan

In the end, Denice was able to find a private loan for $136000 with an interest rate of 5.0% interest APR from First State Bank in Bridgewater, South Dakota repayable over 18 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.