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Low Rate Secured Loan For Jewel In Almelund, Minnesota

$12000 Secured Loan – Almelund Minnesota, Credit Score Of 737

  • Experian: 751 – The client had an excellent Experian rating
  • Transunion: 720 – Jewel had an excellent credit rating with Transunion.
  • Equifax: Jewel’s Experian score was 737, which is an excellent credit score on the Experian system.
Client Profile: Jewel Trayler of Almelund, Minnesota
  • Full name (Changed if requested): Jewel Trayler
  • Current Credit: loans.hit.utils.Fico@5d6f64b1
  • Current City: Almelund
  • State: Minnesota
  • Zip code: 55011
  • Yearly income: $31,000
  • Current Job: hearing officer
  • Current County: Chisago
  • Goal Yearly Income: $118,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Many past requests for credit have been made by Jewel in the past, including one from The Henry County Bank in Almelund, Minnesota before Jewel was accepted for the $12000 by Town and Country Bank of Almelund

Jewel made 9 prior attempts to obtain a secured loan, 2 of which were with The Henry County Bank, a lender in Almelund, Minnesota known to specialize in secured loans specifically. Prior to finding Town and Country Bank of Almelund, Jewel was very concerned due to their inexperience and excellent credit rating.

Signature Loan easily acquired in Almelund, Minnesota for $12000 with excellent credit by Jewel

A lot of borrowers struggle with obtaining signature loans in Almelund, Minnesota, and Jewel is no different. Jewel went to 8 lending institutions or more prior to finding Town and Country Bank of Almelund, who offered Jewel a signature loan for $12000. Typical signature loans simply require a client, like Jewel’s signature to get them, up to $35,000 in some cases. Jewel was able to get $12000 as a secured loan, which is very high for a secured loan. Since signature loans do not require collateral, these loans generally require improved credit, as high as 792

Previous requests on Jewel’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$10420.00 3 9.1% $331.84 Marquette Bank Cannon Falls July 28, 2011
$10190.00 11 8.2% $117.42 Root River State Bank March 21, 2013
$9610.00 8 9.6% $143.8 Clinton State Bank May 7, 2013
$10100.00 5 6.6% $198.09 Peoples State Bank of Plainview August 8, 2013

When Jewel was 18, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a list of Jewel’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on April 7, 2010
  • Attempt 2) Loan for $33,000.00 on April 7, 2010
  • Attempt 3) Loan for $20,000.00 on December 29, 2011
  • Attempt 4) Loan for $22,000.00 on April 9, 2012

9 Months Ago, Jewel Tried Finding a High Risk Loan for $20,000.00, and it was Easy

There is an existing struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Jewel. Jewel chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit clients. Individuals with credit scores as low as 526 can inquire for a high risk loan and may be be approved.

Paraphrased and Standardized Quote from Jewel for this secured loan of $12000, provided by Town and Country Bank of Almelund

Hello, I am Jewel and my hometown is Almelund in Minnesota. Chisago, county is where I grew up, and now I need a secured loan in Minnesota for $12000 to pay bills. It has been difficult, but Town and Country Bank of Almelund really came through for me with this loan for 6.3% interest APR and a term of 11 years. I can repay the loan over the 11 year term, including interest. A big thanks to Town and Country Bank of Almelund for giving me a chance and my excellent credit. It look me 8 years to create my credit to 737, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $22,000.00 to $55,000.00. They are mainly used to pay off existing high interest loans like credit cards. Jewel needed a debt consolidation loan to pay for their existing secured loan and their payday loan. Jewel was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.4%.

Jewel’s Transunion score was changed by the secured loan loan, changing to 720 from 737, which is typical in our experience.

Transunion Score: 720

Personal Loan for a hearing officer named Jewel in Almelund, Minnesota to Pay Off Abt Electronics Credit Card

Jewel had a lot of credit card debt on their Five Star Bank Visa Signature Bonus Rewards PLUS Card and their HSBC Platinum MasterCard, and they were starting to get in over their heads. Despite Jewel’s job as a hearing officer, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Jewel was rejected by Peoples State Bank of Plainview 6 times before being granted funding by Town and Country Bank of Almelund at Main Street

On January 13, 2009, Jewel applied about borrowing $8,000 from Security State Bank of Wykoff with Donnetta, their friend from just outside Almelund, and even with the co-signer, Jewel was rejected for this secured loan. With excellent credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Jewel has a very low current gross income, but has several of prospects

Jewel has always wanted to be a word processing specialist, but would have to attend Erskine College again to achieve it. Jewel has other possibilities as well, including disabled students teacher, deaf students teacher, and bank examiner, which pay $53,000 through to $95,000 per year, at least. Because of this, we believe that Jewel can afford this secured loan of $12000.

Jewel’s Overall FICO score at the time of acceptance for a secured loan, taking into account their hearing officer job and their future job as a word processing specialist

Fico Score: 737

Fast Loans for Jewel in Almelund, Minnesota to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Almelund, Minnesota aren’t actually that difficult to obtain, especially if you have some gumption like Jewel. Jewel was able to find a fast loan for $12000 from American Bank Mankato and O’Connor Bros. State Bank of Renville, but turned down both offers in favor of their secured loan from Town and Country Bank of Almelund. 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 7 weeks for debt consolidation loans. An improvement in the case that a client is on the go.

Installment loan for Jewel, a graduate of Erskine College and a hearing officer working for over $73,000 per year

Jewel, an alumnus at Erskine College and a hearing officer in Almelund, Minnesota wants a secured loan to purchase a house. Jewel has instead chosen to obtain an installment loan for $18,000 and is currently seeking lenders like Citizens Alliance Bank to process their request.

Before applying for this secured loan, Jewel had an Experian score of 751, which is excellent, so Town and Country Bank of Almelund likely cannot provide Jewel a secured loan

Experian Score: 751

Contact Details for Town and Country Bank of Almelund, the provider of this secured loan

  • Town and Country Bank of Almelund
  • City: Almelund
  • State: Minnesota
  • Address: Main Street
  • County: Chisago
  • Zip code: 55002

Conclusion of Jewel’s secured loan

In the end, Jewel was able to find a secured loan for $12000 with an interest rate of 8.8% interest APR from Town and Country Bank of Almelund in Almelund, Minnesota repayable over 11 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.