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Mortgage For $88000 Near 81648, Colorado With A Credit Score Of 448

$88000 Mortgage – Rangely Colorado, Credit Rating Of 448

  • Experian: 463 – They had a bad Experian rating
  • Transunion: 434 – Sade had a bad credit score with Transunion.
  • Equifax: Sade’s Experian score was 448, which is a bad credit score using the Experian rating scheme.

Sade has a very low current gross income, but has a large amount of prospects

Sade has always wanted to be a personnel administrator, but would have to attend University of North Carolina at Asheville again to become one. Sade has other possibilities as well, including chemical equipment operator, materials inspector, and architecture professor, which pay $58,000 through to $105,000 per year, at least. Because of this, we believe that Sade can afford this mortgage of $88000.

Sade was declined by The American State Bank 7 times before being approved by Rio Blanco State Bank at 206 East Main

On May 20, 2014, Sade applied about borrowing $31,000 from The State Bank with Tyrone, their in law from just outside Rangely, and even with the co-signer, Sade was rejected for this mortgage. With bad credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

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

Most debt consolidation loans vary from $31,000.00 to $52,000.00. They are mainly used to pay off existing high interest loans like credit cards. Sade required a debt consolidation loan to pay for their existing mortgage and their credit card. Sade was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.1%.

Personal Loan for an occupational analyst named Sade in Rangely, Colorado to Pay Off Performance Equine Rescue Network Visa Platinum Rewards Card

Sade had a lot of credit card debt on their Classic Industries Visa Platinum Rewards Card and their Comerica Bank Young Adult Visa Card, and they were starting to get in over their heads. Despite Sade’s job as an occupational analyst, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Many previous requests for credit have been made by Sade in the past, including one from First Bank & Trust in Rangely, Colorado before Sade was accepted for the $88000 by Rio Blanco State Bank

Sade made 5 prior attempts to obtain a mortgage, 2 of which were with First Bank & Trust, a lending institution in Rangely, Colorado known to specialize in mortgages specifically. Before finding Rio Blanco State Bank, Sade was very concerned due to their inexperience and bad credit rating.

Sade’s Transunion score was changed by the mortgage loan, changing to 434 from 448, which is normal in our experience.

Transunion Score: 434

Installment loan for Sade, a graduate of University of North Carolina at Asheville and an occupational analyst working for over $65,000 per year

Sade, an alumnus at University of North Carolina at Asheville and an occupational analyst in Rangely, Colorado needs a mortgage to purchase something frivolous. Sade has instead decided to obtain an installment loan for $9,000 and is currently seeking lenders like Colorado National Bank – Exchange to provide it.

Client Profile: Sade Hoglan of Rangely, Colorado
  • Full name (Changed if requested): Sade Hoglan
  • Current Credit: loans.hit.utils.Fico@506e1b77
  • Current City: Rangely
  • State: Colorado
  • Zip code: 81650
  • Yearly income: $39,000
  • Current Job: occupational analyst
  • Current County: Rio Blanco
  • Goal Yearly Income: $128,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Paraphrased and Standardized Quote from Sade for this mortgage of $88000, provided by Rio Blanco State Bank

Hello, I am Sade and I’m from Rangely in Colorado. Rio Blanco, county is where I grew up, and now I need a mortgage in Colorado for $88000 to buy a car. It has been difficult, but Rio Blanco State Bank really came through for me with this loan for 11.1% interest APR and a term of 11 years. I can probably repay the loan over the 11 year term, including interest. A big thanks to Rio Blanco State Bank for trusting me and my bad credit. It look me 6 years to build my credit to 448, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

When Sade was 19, they tried to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Sade’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $35,000.00 on December 1, 2009
  • Attempt 2) Loan for $23,000.00 on March 19, 2009
  • Attempt 3) Loan for $24,000.00 on August 26, 2009
  • Attempt 4) Loan for $21,000.00 on September 2, 2010

Previous requests on Sade’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$110690.00 11 9.3% $1342.35 Affiliated National Bank – Delta January 17, 2013
$111240.00 11 10.3% $1411.66 Central Bank, National Association May 29, 2013
$111430.00 4 5.2% $2576.26 The Colorado Bank and Trust Company of La Junta September 20, 2013
$110660.00 4 7.2% $2660.17 Colorado State Bank and Trust, N. A. November 12, 2013
$110780.00 8 10.7% $1722.3 Mountain Parks Bank – West May 3, 2015

Contact Details for Rio Blanco State Bank, the provider of this mortgage

  • Rio Blanco State Bank
  • City: Rangely
  • State: Colorado
  • Address: 206 East Main
  • County: Rio Blanco
  • Zip code: 81648

Signature Loan easily acquired in Rangely, Colorado for $88000 with bad credit by Sade

Many clients have difficulty with finding signature loans in Rangely, Colorado, and Sade is not an exception. Sade went to 6 lenders or more prior to finding Rio Blanco State Bank, who offered Sade a signature loan for $88000. Typical signature loans simply require a client, like Sade’s signature to get them, up to $42,000 in some cases. Sade was able to get $88000 as a mortgage, which is very high for a mortgage. Because signature loans do not require a cosigner, they tend to need better credit, as high as 767

Sade’s Overall FICO score at the time of acceptance for a mortgage, taking into account their occupational analyst job and their future career as a personnel administrator

Fico Score: 448

Before applying for this mortgage, Sade had an Experian score of 463, which is bad, so Rio Blanco State Bank likely cannot provide Sade a mortgage

Experian Score: 463

Fast Loans for Sade in Rangely, Colorado to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Rangely, Colorado aren’t actually that difficult to obtain, particularly if you have some finesse like Sade. Sade was able to find a fast loan for $88000 from Norwest Bank Boulder, National Association and The Citizens National Bank of Akron, but turned down both offers in favor of their mortgage from Rio Blanco State Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big improvement in the case that you are in a pinch.

7 Months Ago, Sade Tried to Find a High Risk Loan for $36,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Sade. Sade decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Individuals with credit ratings as low as 481 can apply for a high risk loan and may be be accepted.

Conclusion of Sade’s mortgage

In the end, Sade was able to find a mortgage for $88000 with an interest rate of 11.4% interest APR from Rio Blanco State Bank in Rangely, Colorado 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.