$160000 Secured Loan – Madison Wisconsin, Credit Score Of 749
- Experian: 768 – The client had an excellent Experian score
- Transunion: 730 – Noma had an excellent credit score with Transunion.
- Equifax: Noma’s Experian score was 749, which is an excellent credit score on the Experian rating scheme.
Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans vary from $24,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Noma required a debt consolidation loan to pay for their existing secured loan and their credit card. Noma was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.5%.
Multiple past requests for credit have been made by Noma in the past, including one from Sun Bank of Central Park, National Association in Madison, Wisconsin before Noma was approved for the $160000 by John Deere Financial, f.s.b.
Noma made 5 prior attempts to obtain a secured loan, 2 of which were with Sun Bank of Central Park, National Association, a lending institution in Madison, Wisconsin known to specialize in secured loans specifically. Before finding John Deere Financial, f.s.b., Noma was very concerned due to their inexperience and excellent credit rating.
Paraphrased and Standardized Quote from Noma for this secured loan of $160000, provided by John Deere Financial, f.s.b.
Hi, I am Noma and I’m from Madison in Wisconsin. Dane, county is where I grew up, and now I need a secured loan in Wisconsin for $160000 to buy a car. It has been difficult, but John Deere Financial, f.s.b. really came through for me with this loan for 11.8% interest APR and a term of 13 years. I will repay the loan over the 13 year term, including interest. A big thanks to John Deere Financial, f.s.b. for giving me a chance and my excellent credit. It look me 7 years to create my credit to 749, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.
Before applying for this secured loan, Noma had an Experian score of 768, which is excellent, so John Deere Financial, f.s.b. likely cannot provide Noma a secured loan
Contact Details for John Deere Financial, f.s.b., the provider of this secured loan
- John Deere Financial, f.s.b.
- City: Madison
- State: Wisconsin
- Address: 8402 Excelsior
- County: Dane
- Zip code: 53717
8 Months Ago, Noma Attempted Finding a High Risk Loan for $45,000.00, but They Didn’t Find What They were Expecting
There is an well known struggle for clients to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Noma. Noma decided not to get a high risk loan this time. High Risk loans are given to very low credit clients. Borrowers with credit scores as low as 446 can inquire for a high risk loan and have a chance to be approved.
Noma has a disappointing current yearly income, but has a large amount of prospects
Noma has always wanted to be a metal fabricator, but would have to attend Argosy University – Orange County Campus again to achieve it. Noma has other prospects as well, including recreational vehicle mechanic, sanitary engineer, and elevator mechanic, which pay $53,000 through to $107,000 per year, at least. Because of this, we believe that Noma can pay for this secured loan of $160000.
Noma’s Transunion score was altered by the secured loan loan, changing to 730 from 749, which is typical in our experience.
Noma’s Overall FICO score at the time of acceptance for a secured loan, taking into account their environmental compliance inspector job and their future job as a metal fabricator
Installment loan for Noma, a graduate of Argosy University – Orange County Campus and an environmental compliance inspector working for over $71,000 per year
Noma, an alumnus at Argosy University – Orange County Campus and an environmental compliance inspector in Madison, Wisconsin needs a secured loan to purchase a car. Noma has instead decided to get an installment loan for $13,000 and is currently seeking lenders like First National Bank of Glenwood to provide it.
When Noma was 21, they tried to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a chronology of Noma’s prior attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on June 13, 2010
- Attempt 2) Loan for $31,000.00 on October 19, 2012
- Attempt 3) Loan for $28,000.00 on February 16, 2010
- Attempt 4) Loan for $20,000.00 on April 6, 2010
- Attempt 5) Loan for $31,000.00 on October 7, 2009
- Attempt 6) Loan for $39,000.00 on March 18, 2009
- Full name (Changed if requested): Noma Golba
- Current Credit: loans.hit.utils.Fico@6576fe71
- Current City: Madison
- State: Wisconsin
- Zip code: 53720
- Yearly income: $55,000
- Current Job: environmental compliance inspector
- Current County: Dane
- Goal Yearly Income: $144,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Previous requests on Noma’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$55760.00||8||10.7%||$866.9||M&I Bank of Burlington||August 1, 2009|
|$56410.00||5||9.7%||$1190.24||M&I Marshall and Ilsley Bank||April 13, 2012|
|$56470.00||9||5.6%||$666.85||Continental Bank & Trust Co.||December 15, 2013|
|$56380.00||4||9.5%||$1416.44||Clare Bank, National Association||August 9, 2014|
Fast Loans for Noma in Madison, Wisconsin to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Madison, Wisconsin aren’t actually that difficult to obtain, particularly if you have some gumption like Noma. Noma was able to find a fast loan for $160000 from Markesan State Bank and Valley Bank of Fredonia, but declined both offers in favor of their secured loan from John Deere Financial, f.s.b.. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better in the case that a client is in a pinch.
Personal Loan for an environmental compliance inspector named Noma in Madison, Wisconsin to Pay Off Fred Meyers Rewards MasterCard
Noma had a tonne of credit card debt on their US Bank Cash Rewards Visa Card and their Chicago Cubs BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Noma’s job as an environmental compliance inspector, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Signature Loan found in Madison, Wisconsin for $160000 with excellent credit by Noma
Many borrowers struggle with finding signature loans in Madison, Wisconsin, and Noma is the same. Noma went to 4 lenders or more before finding John Deere Financial, f.s.b., who offered Noma a signature loan for $160000. Most signature loans simply need a client, like Noma’s signature to get them, up to $20,000 in some cases. Noma was able to get $160000 as a secured loan, which is very high for a secured loan. Because signature loans don’t require a cosigner, they generally need better credit, as high as 733
Noma was declined by Citizens State Bank of La Crosse 7 times before being granted funding by John Deere Financial, f.s.b. at 8402 Excelsior
On June 29, 2009, Noma applied about borrowing $22,000 from Clare Bank, National Association with Charlott, their friend from just outside Madison, and even with the co-signer, Noma was rejected for this secured loan. With excellent credit, it can be challenging to procure funding, even with collateral and a co-signer.
Conclusion of Noma’s secured loan
In the end, Noma was able to find a secured loan for $160000 with an interest rate of 8.7% interest APR from John Deere Financial, f.s.b. in Madison, Wisconsin repayable over 13 years from today.