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Private Loan For $112000 Near 80501, Colorado With A Credit Score Of 830

$112000 Private Loan – Longmont Colorado, Credit Rating Of 830

  • Experian: 849 – They had an excellent Experian rating
  • Transunion: 818 – Merlyn had an excellent credit rating with Transunion.
  • Equifax: Merlyn’s Experian score was 830, which is an excellent credit rating on the Experian scale.

Previous requests on Merlyn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$78630.00 3 6.4% $2406.35 Affiliated National Bank – Delta October 11, 2010
$79360.00 10 9.2% $1013.91 Central Bank, National Association March 5, 2013
$79180.00 4 7.3% $1907.1 The Colorado Bank and Trust Company of La Junta November 19, 2013
$79190.00 8 5.7% $1029.14 Colorado State Bank and Trust, N. A. October 9, 2014

Contact Details for Mile High Banks, the provider of this private loan

  • Mile High Banks
  • City: Longmont
  • State: Colorado
  • Address: 1726 Hover Street
  • County: Boulder
  • Zip code: 80501

Merlyn’s Transunion score was altered by the private loan loan, changing to 818 from 830, which is typical in our experience.

Transunion Score: 818

7 Months in the Past, Merlyn Attempted Finding a High Risk Loan for $25,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for clients to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Merlyn. Merlyn decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Individuals with credit ratings as low as 407 can inquire for a high risk loan and possibly can be accepted.

Merlyn was not approved by Wells Fargo Bank West, National Association 4 times before being granted funding by Mile High Banks at 1726 Hover Street

On December 22, 2011, Merlyn applied about borrowing $18,000 from IntraWest Bank of Denver, National Association with Amada, their in law from just outside Longmont, and even with the co-signer, Merlyn was rejected for this private loan. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Merlyn for this private loan of $112000, provided by Mile High Banks

Hi, I am Merlyn and I’m from Longmont in Colorado. Boulder, county is where I grew up, and now I need a private loan in Colorado for $112000 to buy a car. It wasn’t easy, but Mile High Banks really came through for me with this loan for 11.3% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to Mile High Banks for trusting me and my excellent credit. It look me 5 years to create my credit to 830, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

When Merlyn was 22, they attempted to obtain a student loan from 5 different lenders, which harmed their credit score. Below is a chronology of Merlyn’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on April 14, 2009
  • Attempt 2) Loan for $28,000.00 on March 15, 2012
  • Attempt 3) Loan for $39,000.00 on December 24, 2009
  • Attempt 4) Loan for $20,000.00 on March 7, 2011
  • Attempt 5) Loan for $25,000.00 on October 5, 2010

Personal Loan for a horticulture therapist named Merlyn in Longmont, Colorado to Pay Off Berkshire Municipal Bank Secured Visa Card

Merlyn had a tonne of credit card debt on their KingSize Gold Credit Card and their Zions Bank AmaZing Rewards for Business, and they were starting to get in over their heads. Despite Merlyn’s job as a horticulture therapist, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan easily acquired in Longmont, Colorado for $112000 with excellent credit by Merlyn

Most borrowers struggle with finding signature loans in Longmont, Colorado, and Merlyn is the same. Merlyn went to 4 lending institutions or more before finding Mile High Banks, who offered Merlyn a signature loan for $112000. Typical signature loans simply need a client, like Merlyn’s signature to obtain them, up to $43,000 in some cases. Merlyn was able to get $112000 as a private loan, which is very high for a private loan. Because signature loans do not require collateral, these loans tend to require better credit, as high as 706

Installment loan for Merlyn, a graduate of Webster University and a horticulture therapist working for over $63,000 per year

Merlyn, an alumnus at Webster University and a horticulture therapist in Longmont, Colorado needs a private loan to purchase a car. Merlyn has instead chosen to obtain an installment loan for $18,000 and is at present seeking lenders like The First National Bank of Brush to process their request.

Merlyn’s Overall FICO score at the time of acceptance for a private loan, taking into account their horticulture therapist job and their future career as an urban and regional planner

Fico Score: 830

Before applying for this private loan, Merlyn had an Experian score of 849, which is excellent, so Mile High Banks likely can provide Merlyn a private loan

Experian Score: 849

Merlyn has a sad current total income, but has a large amount of prospects

Merlyn has always wanted to be an urban and regional planner, but would need attend Webster University again to become one. Merlyn has other possibilities as well, including emergency medical technician, art restorer, and horticulturist, which pay $57,000 through to $101,000 per year, on average. Because of this, we think that Merlyn can afford this private loan of $112000.

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $33,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Merlyn needed a debt consolidation loan to pay for their existing private loan and their credit card. Merlyn was able to find a private loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.7%.

Client Profile: Merlyn Squair of Longmont, Colorado
  • Full name (Changed if requested): Merlyn Squair
  • Current Credit: loans.hit.utils.Fico@1b2c6ec2
  • Current City: Longmont
  • State: Colorado
  • Zip code: 80507
  • Yearly income: $56,000
  • Current Job: horticulture therapist
  • Current County: Boulder
  • Goal Yearly Income: $81,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

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

Fast loans in Longmont, Colorado aren’t actually that difficult to obtain, particularly if you have some gumption like Merlyn. Merlyn was able to find a fast loan for $112000 from Wells Fargo Bank West, National Association and Colorado National Bank, but turned down both offers in favor of their private loan from Mile High Banks. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big improvement in the case that a borrower is on the go.

Multiple past requests for credit have been made by Merlyn in the past, including one from First Federal Bank of Florida in Longmont, Colorado before Merlyn was approved for the $112000 by Mile High Banks

Merlyn made 6 prior attempts to obtain a private loan, 2 of which were with First Federal Bank of Florida, a bank in Longmont, Colorado known to specialize in private loans specifically. Prior to finding Mile High Banks, Merlyn was very concerned due to their inexperience and excellent credit score.

Conclusion of Merlyn’s private loan

In the end, Merlyn was able to find a private loan for $112000 with an interest rate of 10.2% interest APR from Mile High Banks in Longmont, Colorado repayable over 12 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.