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Low Rate Secured Loan For Madalene In Monticello, Missouri

$105000 Secured Loan – Monticello Missouri, Credit Score Of 737

  • Experian: 748 – This client had an excellent Experian rating
  • Transunion: 725 – Madalene had an excellent credit score with Transunion.
  • Equifax: Madalene’s Experian score was 737, which is an excellent credit score on the Experian system.

Madalene’s Transunion score was changed by the secured loan loan, changing to 725 from 737, which is typical in our experience.

Transunion Score: 725

Madalene has a disappointing current total income, but has a high number of prospects

Madalene has always wanted to be a budget analyst, but would have to attend Ashland University again to become one. Madalene has other possibilities as well, including tax preparer, title examiner, and mechanical inspector, which pay $52,000 through to $105,000 per year, on average. For this reason, we think that Madalene can pay for this secured loan of $105000.

Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $36,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Madalene needed a debt consolidation loan to pay for their existing secured loan and their loan shark loan. Madalene was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 3.0%.

Several previous requests for credit have been made by Madalene in the past, including one from Northwest Commerce Bank in Monticello, Missouri before Madalene was approved for the $105000 by Bank of Monticello

Madalene made 6 prior attempts to obtain a secured loan, 2 of which were with Northwest Commerce Bank, a lending institution in Monticello, Missouri known to specialize in secured loans specifically. Before finding Bank of Monticello, Madalene was desperate due to their inexperience and excellent credit rating.

Signature Loan found in Monticello, Missouri for $105000 with excellent credit by Madalene

A lot of borrowers have difficulty with finding signature loans in Monticello, Missouri, and Madalene is no exception. Madalene went to 5 lending institutions or more before finding Bank of Monticello, who offered Madalene a signature loan for $105000. Typical signature loans simply require a client, like Madalene’s signature to obtain them, up to $47,000 in some cases. Madalene was able to get $105000 as a secured loan, which is very high for a secured loan. Because signature loans do not require a cosigner, they tend to require improved credit, as high as 788

7 Months in the Past, Madalene Tried Finding a High Risk Loan for $20,000.00, and it was Easy

It is an existing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Madalene. Madalene chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Borrowers with credit scores as low as 592 can apply for a high risk loan and may be be approved.

When Madalene was 24, they tried to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a list of Madalene’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on April 16, 2013
  • Attempt 2) Loan for $33,000.00 on February 24, 2009
  • Attempt 3) Loan for $21,000.00 on September 3, 2013
  • Attempt 4) Loan for $36,000.00 on December 2, 2011
  • Attempt 5) Loan for $39,000.00 on February 11, 2009
  • Attempt 6) Loan for $21,000.00 on May 5, 2010
  • Attempt 7) Loan for $24,000.00 on February 23, 2009

Installment loan for Madalene, a graduate of Ashland University and an elementary school teacher working for over $67,000 per year

Madalene, an alumnus at Ashland University and an elementary school teacher in Monticello, Missouri needs a secured loan to purchase a new cell phone. Madalene has instead decided to get an installment loan for $19,000 and is currently seeking lenders like Commerce Bank of Tower Grove to process their request.

Previous requests on Madalene’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$104220.00 8 5.2% $1329.36 Camden County Bank November 8, 2008
$104210.00 6 6.2% $1736.92 Glasgow Savings Bank August 6, 2013
$103700.00 7 7.2% $1575.27 Central Bank October 7, 2014
$104280.00 3 7.2% $3229.41 Midwest BankCentre April 20, 2015

Before applying for this secured loan, Madalene had an Experian score of 748, which is excellent, so Bank of Monticello most likely cannot provide Madalene a secured loan

Experian Score: 748

Personal Loan for an elementary school teacher named Madalene in Monticello, Missouri to Pay Off BancorpSouth Platinum Visa

Madalene had a tonne of credit card debt on their The Limited Couture Credit Card and their Navy Federal Credit Union Flagship Rewards Visa, and they were starting to get in over their heads. Despite Madalene’s job as an elementary school teacher, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Madalene’s Overall FICO score at the time of acceptance for a secured loan, taking into account their elementary school teacher job and their future job as a budget analyst

Fico Score: 737

Fast Loans for Madalene in Monticello, Missouri to prevent bankruptcy or harm from debt collectors.

Fast loans in Monticello, Missouri aren’t actually that difficult to obtain, especially if you have some finesse like Madalene. Madalene was able to find a fast loan for $105000 from Bremen Bank and Trust Company and Allegiant Bank, but declined both offers in favor of their secured loan from Bank of Monticello. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement if you are in a pinch.

Contact Details for Bank of Monticello, the provider of this secured loan

  • Bank of Monticello
  • City: Monticello
  • State: Missouri
  • Address: 201 East Lafayette
  • County: Lewis
  • Zip code: 63457

Madalene was rejected by Central West End Bank 7 times before being granted funding by Bank of Monticello at 201 East Lafayette

On June 10, 2009, Madalene inquired about borrowing $8,000 from Commerce Bank of St. Louis, National Association with Maye, their friend from just outside Monticello, and even with the co-signer, Madalene was rejected for this secured loan. With excellent credit, it can be challenging to procure funding, even with collateral and a co-signer.

Client Profile: Madalene Brannigan of Monticello, Missouri
  • Full name (Changed if requested): Madalene Brannigan
  • Current Credit: loans.hit.utils.Fico@6f539caf
  • Current City: Monticello
  • State: Missouri
  • Zip code: 63466
  • Yearly income: $63,000
  • Current Job: elementary school teacher
  • Current County: Lewis
  • Goal Yearly Income: $113,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Paraphrased and Standardized Quote from Madalene for this secured loan of $105000, provided by Bank of Monticello

Hi, I am Madalene and my hometown is Monticello in Missouri. Lewis, county is where I grew up, and now I need a secured loan in Missouri for $105000 to buy a big ticket item. It has been difficult, but Bank of Monticello really came through for me with this loan for 7.7% interest APR and a term of 1 years. I will repay the loan over the 1 year term, including interest. A big thanks to Bank of Monticello for trusting me and my excellent credit. It look me 8 years to build my credit to 737, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Conclusion of Madalene’s secured loan

In the end, Madalene was able to find a secured loan for $105000 with an interest rate of 5.1% interest APR from Bank of Monticello in Monticello, Missouri repayable over 1 years from now.

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.