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Low Rate Signature Loan For Nichole In Paonia, Colorado

$22000 Signature Loan – Paonia Colorado, Credit Rating Of 475

  • Experian: 487 – This client had a bad Experian score
  • Transunion: 461 – Nichole had a bad credit rating with Transunion.
  • Equifax: Nichole’s Experian score was 475, which is a bad credit score with the Experian scale.

Nichole’s Overall FICO score at the time of acceptance for a signature loan, taking into account their family caseworker job and their future career as a teacher of the blind

Fico Score: 475

When Nichole was 18, they tried to obtain a student loan from 6 alternate banks, which damaged their credit score. Below is a chronology of Nichole’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on August 31, 2011
  • Attempt 2) Loan for $39,000.00 on August 11, 2012
  • Attempt 3) Loan for $37,000.00 on October 15, 2012
  • Attempt 4) Loan for $32,000.00 on August 17, 2012
  • Attempt 5) Loan for $28,000.00 on September 13, 2011
  • Attempt 6) Loan for $32,000.00 on October 14, 2010

Multiple past requests for credit have been made by Nichole in the past, including one from The Bank of New York Mellon Trust Company, National Association in Paonia, Colorado before Nichole was accepted for the $22000 by First Colorado National Bank

Nichole made 5 prior attempts to obtain a signature loan, 2 of which were with The Bank of New York Mellon Trust Company, National Association, a lender in Paonia, Colorado known to specialize in signature loans specifically. Before finding First Colorado National Bank, Nichole was desperate due to their inexperience and bad credit score.

9 Months Ago, Nichole Attempted Finding a High Risk Loan for $37,000.00, and it was Hard

There is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Nichole. Nichole chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Individuals with credit scores as low as 448 can inquire for a high risk loan and have a chance to be accepted.

Previous requests on Nichole’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$24260.00 11 6.3% $255.23 Affiliated National Bank – Delta October 12, 2009
$24200.00 5 10.3% $517.76 Central Bank, National Association March 8, 2011
$23760.00 8 5.3% $304.2 The Colorado Bank and Trust Company of La Junta April 23, 2013
$23730.00 6 9.2% $430.11 Colorado State Bank and Trust, N. A. October 1, 2013
$23610.00 7 6.4% $349.45 Mountain Parks Bank – West June 10, 2014

Personal Loan for a family caseworker named Nichole in Paonia, Colorado to Pay Off Teachers FCU No Frills Visa Classic

Nichole had a lot of credit card debt on their Palais Royal Credit Card and their Bank of the West Standard MasterCard, and they were starting to get in over their heads. Despite Nichole’s job as a family caseworker, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Client Profile: Nichole Fonteno of Paonia, Colorado
  • Full name (Changed if requested): Nichole Fonteno
  • Current Credit: loans.hit.utils.Fico@6193b845
  • Current City: Paonia
  • State: Colorado
  • Zip code: 81429
  • Yearly income: $58,000
  • Current Job: family caseworker
  • Current County: Delta
  • Goal Yearly Income: $127,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Nichole was not approved by Farmers State Bank of Calhan 7 times prior to being granted funding by First Colorado National Bank at 133 Grand Avenue

On September 29, 2011, Nichole inquired about borrowing $45,000 from Farmers State Bank of Calhan with Sylvia, their in law from just outside Paonia, and even with the co-signer, Nichole was rejected for this signature loan. With bad credit, it can be challenging to procure financing, even with collateral and a co-signer.

Installment loan for Nichole, a graduate of Methodist Theological School in Ohio and a family caseworker working for over $60,000 per year

Nichole, an alumnus at Methodist Theological School in Ohio and a family caseworker in Paonia, Colorado needs a signature loan to purchase something frivolous. Nichole has instead chosen to get an installment loan for $25,000 and is at present seeking lenders like The Berthoud National Bank to provide it.

Signature Loan easily acquired in Paonia, Colorado for $22000 with bad credit by Nichole

A lot of clients struggle with obtaining signature loans in Paonia, Colorado, and Nichole is not an exception. Nichole went to 8 lending institutions or more prior to settling on First Colorado National Bank, who offered Nichole a signature loan for $22000. Most signature loans simply require a client, like Nichole’s signature to get them, up to $38,000 in some cases. Nichole was able to get $22000 as a signature loan, which is very high for a signature loan. Since signature loans don’t need collateral, these loans tend to need higher credit, as high as 755

Before applying for this signature loan, Nichole had an Experian score of 487, which is bad, so First Colorado National Bank probably cannot provide Nichole a signature loan

Experian Score: 487

Paraphrased and Standardized Quote from Nichole for this signature loan of $22000, provided by First Colorado National Bank

Hello, I am Nichole and I’m from Paonia in Colorado. Delta, county is where I grew up, and now I need a signature loan in Colorado for $22000 to pay bills. It wasn’t easy, but First Colorado National Bank really came through for me with this loan for 5.0% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to First Colorado National Bank for giving me a chance and my bad credit. It look me 4 years to create my credit to 475, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.

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

Normal debt consolidation loans vary from $24,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Nichole required a debt consolidation loan to pay for their existing signature loan and their loan shark loan. Nichole was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.7%.

Nichole has a sad current total income, but has several of prospects

Nichole has always wanted to be a teacher of the blind, but would need attend Methodist Theological School in Ohio again to become one. Nichole has other prospects as well, including mine inspector, biology professor, and physician’s office nurse, which pay $51,000 through to $107,000 per year, on average. For this reason, we think that Nichole can afford this signature loan of $22000.

Contact Details for First Colorado National Bank, the provider of this signature loan

  • First Colorado National Bank
  • City: Paonia
  • State: Colorado
  • Address: 133 Grand Avenue
  • County: Delta
  • Zip code: 81428

Fast Loans for Nichole in Paonia, Colorado to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Paonia, Colorado aren’t actually that difficult to obtain, particularly if you have some gumption like Nichole. Nichole was able to find a fast loan for $22000 from Affiliated National Bank – Ault and Affiliated National Bank – Ault, but declined both offers in favor of their signature loan from First Colorado National Bank. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. An improvement if a borrower is in a pinch.

Nichole’s Transunion score was changed by the signature loan loan, changing to 461 from 475, which is typical in our experience.

Transunion Score: 461

Conclusion of Nichole’s signature loan

In the end, Nichole was able to find a signature loan for $22000 with an interest rate of 9.8% interest APR from First Colorado National Bank in Paonia, Colorado repayable over 15 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.