$14000 Quick Loan – Jackson Minnesota, Credit Score Of 530
- Experian: 544 – This client had a fair Experian score
- Transunion: 518 – Erick had a fair credit rating with Transunion.
- Equifax: Erick’s Experian score was 530, which is a fair credit rating with the Experian system.
Contact Details for Jackson Federal Savings and Loan Association, the provider of this quick loan
- Jackson Federal Savings and Loan Association
- City: Jackson
- State: Minnesota
- Address: 414 Second Street
- County: Jackson
- Zip code: 56143
6 Months Ago, Erick Attempted Finding a High Risk Loan for $39,000.00, and it was Hard
There is an ongoing struggle for clients to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Erick. Erick chose not to get a high risk loan this time. High Risk loans are given to bad credit individuals. Clients with credit ratings as low as 329 can inquire for a high risk loan and possibly can be accepted.
Installment loan for Erick, a graduate of “Rutgers, The State University of New Jersey” and a pbx installer and repairer working for over $78,000 per year
Erick, an alumnus at “Rutgers, The State University of New Jersey” and a pbx installer and repairer in Jackson, Minnesota wants a quick loan to purchase a house. Erick has instead decided to obtain an installment loan for $22,000 and is currently seeking lenders like Valley Bank Dundas to provide it.
Signature Loan acquired in Jackson, Minnesota for $14000 with fair credit by Erick
Many prospective borrowers struggle with finding signature loans in Jackson, Minnesota, and Erick is the same. Erick went to 4 lenders or more prior to finding Jackson Federal Savings and Loan Association, who offered Erick a signature loan for $14000. Typical signature loans simply require a client, like Erick’s signature to get them, up to $28,000 in some cases. Erick was able to get $14000 as a quick loan, which is very high for a quick loan. Since signature loans do not need a cosigner, they tend to need improved credit, as high as 774
When Erick was 18, they attempted to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a chronology of Erick’s previous attempts at finding a student loan:
- Attempt 1) Loan for $32,000.00 on February 22, 2013
- Attempt 2) Loan for $30,000.00 on April 7, 2012
- Attempt 3) Loan for $35,000.00 on November 21, 2011
- Attempt 4) Loan for $33,000.00 on September 13, 2010
- Attempt 5) Loan for $28,000.00 on April 21, 2010
- Attempt 6) Loan for $38,000.00 on October 29, 2012
- Attempt 7) Loan for $31,000.00 on October 31, 2012
Before applying for this quick loan, Erick had an Experian score of 544, which is fair, so Jackson Federal Savings and Loan Association probably cannot provide Erick a quick loan
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans range from $23,000.00 to $56,000.00. They are normally used to pay off existing high interest loans like credit cards. Erick required a debt consolidation loan to pay for their existing quick loan and their credit card. Erick was able to find a quick loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.4%.
Erick’s Transunion score was changed by the quick loan loan, changing to 518 from 530, which is normal in our experience.
Multiple other requests for credit have been made by Erick in the past, including one from First National Bank, Ames, Iowa in Jackson, Minnesota before Erick was accepted for the $14000 by Jackson Federal Savings and Loan Association
Erick made 8 previous attempts to obtain a quick loan, 2 of which were with First National Bank, Ames, Iowa, a lending institution in Jackson, Minnesota known to specialize in quick loans specifically. Before finding Jackson Federal Savings and Loan Association, Erick was concerned due to their inexperience and fair credit score.
Erick has a low current total income, but has a high number of prospects
Erick has always wanted to be an oceanographic assistant, but would need attend “Rutgers, The State University of New Jersey” again to become one. Erick has other prospects as well, including public transportation inspector, human factors psychologist, and medical insurance claims analyst, which pay $50,000 through to $99,000 per year, on average. For this reason, we believe that Erick can pay for this quick loan of $14000.
Fast Loans for Erick in Jackson, Minnesota to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Jackson, Minnesota aren’t actually that difficult to obtain, particularly if you have some finesse like Erick. Erick was able to find a fast loan for $14000 from Citizens State Bank of Green Isle and Marquette Bank University, National Association, but declined both offers in favor of their quick loan from Jackson Federal Savings and Loan Association. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. Much better if a client is in a pinch.
Personal Loan for a pbx installer and repairer named Erick in Jackson, Minnesota to Pay Off Korean Air SKYPASS Visa Signature Card
Erick had a lot of credit card debt on their BankFIRST Visa Business Travel Card and their BB&T Visa Purchasing Card, and they were starting to get in over their heads. Despite Erick’s job as a pbx installer and repairer, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Erick’s Overall FICO score at the time of acceptance for a quick loan, taking into account their pbx installer and repairer job and their future job as an oceanographic assistant
Previous requests on Erick’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$134600.00||11||6.7%||$1443.92||Marquette Bank Cannon Falls||August 12, 2009|
|$135350.00||9||11.8%||$2039.95||Root River State Bank||July 15, 2013|
|$135100.00||9||10.7%||$1953.62||Clinton State Bank||November 19, 2013|
|$135140.00||6||11.4%||$2600.04||Peoples State Bank of Plainview||January 19, 2015|
- Full name (Changed if requested): Erick Blazer
- Current Credit: loans.hit.utils.Fico@533ddba
- Current City: Jackson
- State: Minnesota
- Zip code: 56144
- Yearly income: $37,000
- Current Job: pbx installer and repairer
- Current County: Jackson
- Goal Yearly Income: $80,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Paraphrased and Standardized Quote from Erick for this quick loan of $14000, provided by Jackson Federal Savings and Loan Association
Hello, I am Erick and I am from Jackson in Minnesota. Jackson, county is where I grew up, and now I need a quick loan in Minnesota for $14000 to buy a big ticket item. It wasn’t easy, but Jackson Federal Savings and Loan Association really came through for me with this loan for 5.7% interest APR and a term of 1 years. I can repay the loan over the 1 year term, including interest. A big thanks to Jackson Federal Savings and Loan Association for giving me a chance and my fair credit. It look me 7 years to create my credit to 530, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.
Erick was not approved by Minnwest Bank Central 6 times prior to being approved by Jackson Federal Savings and Loan Association at 414 Second Street
On March 18, 2012, Erick inquired about borrowing $3,000 from Security State Bank of Wykoff with Foster, their friend from just outside Jackson, and even with the co-signer, Erick was rejected for this quick loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.
Conclusion of Erick’s quick loan
In the end, Erick was able to find a quick loan for $14000 with an interest rate of 7.7% interest APR from Jackson Federal Savings and Loan Association in Jackson, Minnesota repayable over 1 years from today.