Do you have over $10,000 in Debt? Get Help now.

Mortgage For $80000 Near 89521, Nevada With A Credit Score Of 387

$80000 Mortgage – Reno Nevada, Credit Score Of 387

  • Experian: 405 – They had a terrible Experian score
  • Transunion: 369 – Kris had a terrible credit rating with Transunion.
  • Equifax: Kris’s Experian score was 387, which is a terrible credit score on the Experian scale.

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

Kris has always wanted to be a travel agent, but would have to attend Strayer University again to achieve it. Kris has other prospects as well, including welder, interpreter for the hearing impaired, and logging tractor operator, which pay $55,000 through to $105,000 per year, on average. Because of this, we believe that Kris can pay for this mortgage of $80000.

Signature Loan easily acquired in Reno, Nevada for $80000 with terrible credit by Kris

A lot of borrowers have difficulty with finding signature loans in Reno, Nevada, and Kris is no exception. Kris went to 6 lending institutions or more prior to settling on Nevada Security Bank, who offered Kris a signature loan for $80000. Typical signature loans simply need a client, like Kris’s signature to obtain them, up to $40,000 in some cases. Kris was able to get $80000 as a mortgage, which is very high for a mortgage. Because signature loans do not need a cosigner, these loans generally need better credit, as high as 739

9 Months in the Past, Kris Attempted Finding a High Risk Loan for $34,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Kris. Kris decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Clients with credit ratings as low as 313 can inquire for a high risk loan and have a chance to be approved.

Client Profile: Kris Foutz of Reno, Nevada
  • Full name (Changed if requested): Kris Foutz
  • Current Credit: loans.hit.utils.Fico@5910e440
  • Current City: Reno
  • State: Nevada
  • Zip code: 89530
  • Yearly income: $41,000
  • Current Job: controller
  • Current County: Washoe
  • Goal Yearly Income: $139,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Personal Loan for a controller named Kris in Reno, Nevada to Pay Off Five Star Bank Visa Platinum Card

Kris had a lot of credit card debt on their Sportsman’s Warehouse Specialty Rewards Visa Platinum Card and their Avianca LifeMiles Visa Secured Card, and they were starting to get in over their heads. Despite Kris’s job as a controller, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

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

Average debt consolidation loans vary from $23,000.00 to $49,000.00. They are normally used to pay off existing high interest loans like credit cards. Kris needed a debt consolidation loan to pay for their existing mortgage and their payday loan. Kris was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 4.5%.

Previous requests on Kris’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$80200.00 3 9.6% $2572.79 The First National Bank of Ely January 11, 2010
$80330.00 10 9.8% $1052.69 First Interstate Bank of Nevada, National Association August 27, 2012
$80360.00 6 5.4% $1309.16 Security Bank of Nevada February 20, 2014
$80350.00 6 9.4% $1464.35 Security Pacific Bank Nevada, National Association October 23, 2014

When Kris was 24, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit score. Below is a list of Kris’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on February 17, 2010
  • Attempt 2) Loan for $21,000.00 on November 14, 2012
  • Attempt 3) Loan for $37,000.00 on September 30, 2013
  • Attempt 4) Loan for $38,000.00 on February 15, 2009

Contact Details for Nevada Security Bank, the provider of this mortgage

  • Nevada Security Bank
  • City: Reno
  • State: Nevada
  • Address: 9990 Double R. Blvd.
  • County: Washoe
  • Zip code: 89521

Kris’s Transunion score was changed by the mortgage loan, changing to 369 from 387, which is typical in our experience.

Transunion Score: 369

Installment loan for Kris, a graduate of Strayer University and a controller working for over $64,000 per year

Kris, an alumnus at Strayer University and a controller in Reno, Nevada wants a mortgage to purchase a car. Kris has instead chosen to get an installment loan for $23,000 and is currently seeking lenders like M & I Bank NATIONAL ASSOCIATION to provide it.

Fast Loans for Kris in Reno, Nevada to prevent bankruptcy or harm from debt collectors.

Fast loans in Reno, Nevada aren’t actually that difficult to obtain, especially if you have some gumption like Kris. Kris was able to find a fast loan for $80000 from Nevada First Thrift and Wells Fargo Financial National Bank, but turned down both offers in favor of their mortgage from Nevada Security Bank. 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 installment loans. A big difference if you are in a time sensitive situation.

Kris was not approved by Nevada State Bank 5 times before being accepted by Nevada Security Bank at 9990 Double R. Blvd.

On October 30, 2010, Kris inquired about borrowing $34,000 from Mineral Bank of Nevada with Mellie, their in law from just outside Reno, and even with the co-signer, Kris was rejected for this mortgage. With terrible credit, it can be difficult to procure financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Kris for this mortgage of $80000, provided by Nevada Security Bank

Hello, I am Kris and my hometown is Reno in Nevada. Washoe, county is where I grew up, and now I need a mortgage in Nevada for $80000 to renovate my home. It has been difficult, but Nevada Security Bank really came through for me with this loan for 8.3% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to Nevada Security Bank for trusting me and my terrible credit. It look me 7 years to build my credit to 387, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Kris’s Overall FICO score at the time of acceptance for a mortgage, taking into account their controller job and their future job as a travel agent

Fico Score: 387

Before applying for this mortgage, Kris had an Experian score of 405, which is terrible, so Nevada Security Bank most likely cannot provide Kris a mortgage

Experian Score: 405

Several past requests for credit have been made by Kris in the past, including one from Red Bird Bank of Dallas in Reno, Nevada before Kris was approved for the $80000 by Nevada Security Bank

Kris made 7 previous attempts to obtain a mortgage, 2 of which were with Red Bird Bank of Dallas, a lender in Reno, Nevada known to specialize in mortgages specifically. Before finding Nevada Security Bank, Kris was desperate due to their inexperience and terrible credit score.

Conclusion of Kris’s mortgage

In the end, Kris was able to find a mortgage for $80000 with an interest rate of 10.5% interest APR from Nevada Security Bank in Reno, Nevada 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.