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Santa Had Need For A Consolidation Loan For $12000, Eden Prairie, Minnesota

$12000 Consolidation Loan – Eden Prairie Minnesota, Credit Rating Of 636

  • Experian: 648 – They had a good Experian score
  • Transunion: 624 – Santa had a good credit score with Transunion.
  • Equifax: Santa’s Experian score was 636, which is a good credit score on the Experian rating scheme.

Santa has a disappointing current yearly income, but has a high number of prospects

Santa has always wanted to be an environmental science professsor, but would need attend Crystal Mountain School of Therapeutic Massage again to become one. Santa has other prospects as well, including medical technologist, radio & tv station administrator, and hydraulic engineer, which pay $50,000 through to $104,000 per year, on average. Because of this, we think that Santa can pay for this consolidation loan of $12000.

Previous requests on Santa’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$100350.00 8 10.4% $1544.05 Marquette Bank Cannon Falls June 11, 2013
$100420.00 9 10.4% $1435.62 Root River State Bank January 5, 2015
$99580.00 4 5.3% $2306.81 Clinton State Bank May 23, 2015
$100250.00 5 5.5% $1914.89 Peoples State Bank of Plainview July 10, 2015
$99700.00 10 9.5% $1290.09 Security State Bank of Wykoff August 19, 2015

Santa’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their paste-up worker job and their future career as an environmental science professsor

Fico Score: 636

Contact Details for The First State Bank of Eden Prairie, the provider of this consolidation loan

  • The First State Bank of Eden Prairie
  • City: Eden Prairie
  • State: Minnesota
  • Address: 11800 Singletree Lane
  • County: Hennepin
  • Zip code: 55344

Before applying for this consolidation loan, Santa had an Experian score of 648, which is good, so The First State Bank of Eden Prairie most likely cannot provide Santa a consolidation loan

Experian Score: 648

Santa was rejected by Lakes State Bank 7 times prior to being approved by The First State Bank of Eden Prairie at 11800 Singletree Lane

On February 29, 2012, Santa inquired about borrowing $4,000 from Norwest Bank Sauk Rapids, National Association with Precious, their friend from just outside Eden Prairie, and even with the co-signer, Santa was rejected for this consolidation loan. With good credit, it can be difficult to procure financing, even with collateral and a co-signer.

Santa’s Transunion score was altered by the consolidation loan loan, changing to 624 from 636, which is normal in our experience.

Transunion Score: 624

Many previous requests for credit have been made by Santa in the past, including one from Southeastern Savings Association in Eden Prairie, Minnesota before Santa was accepted for the $12000 by The First State Bank of Eden Prairie

Santa made 7 previous tries to obtain a consolidation loan, 2 of which were with Southeastern Savings Association, a bank in Eden Prairie, Minnesota known to specialize in consolidation loans specifically. Prior to finding The First State Bank of Eden Prairie, Santa was concerned due to their inexperience and good credit rating.

Personal Loan for a paste-up worker named Santa in Eden Prairie, Minnesota to Pay Off Wells Fargo Cash Back Visa Card

Santa had a tonne of credit card debt on their Union Bank Platinum Edition Visa Card and their Taleris Credit Union Visa Signature Card, and they were starting to get in over their heads. Despite Santa’s job as a paste-up worker, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan easily acquired in Eden Prairie, Minnesota for $12000 with good credit by Santa

Most clients have difficulty with finding signature loans in Eden Prairie, Minnesota, and Santa is not an exception. Santa went to 8 lenders or more prior to settling on The First State Bank of Eden Prairie, who offered Santa a signature loan for $12000. Most signature loans simply need a client, like Santa’s signature to get them, up to $24,000 in some cases. Santa was able to get $12000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not require collateral, they tend to require higher credit, as high as 761

Fast Loans for Santa in Eden Prairie, Minnesota to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Eden Prairie, Minnesota aren’t actually that difficult to obtain, especially if you have some gumption like Santa. Santa was able to find a fast loan for $12000 from Security State Bank of Wykoff and Marquette Bank Cannon Falls, but turned down both offers in favor of their consolidation loan from The First State Bank of Eden Prairie. 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 5 weeks for personal loans. Much better if a borrower is in a pinch.

Paraphrased and Standardized Quote from Santa for this consolidation loan of $12000, provided by The First State Bank of Eden Prairie

Hello, I am Santa and my hometown is Eden Prairie in Minnesota. Hennepin, county is where I grew up, and now I need a consolidation loan in Minnesota for $12000 to buy a car. It wasn’t easy, but The First State Bank of Eden Prairie really came through for me with this loan for 5.3% interest APR and a term of 6 years. I can probably repay the loan over the 6 year term, including interest. A big thanks to The First State Bank of Eden Prairie for trusting me and my good credit. It look me 8 years to create my credit to 636, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

Installment loan for Santa, a graduate of Crystal Mountain School of Therapeutic Massage and a paste-up worker working for over $61,000 per year

Santa, an alumnus at Crystal Mountain School of Therapeutic Massage and a paste-up worker in Eden Prairie, Minnesota wants a consolidation loan to purchase a new cell phone. Santa has instead decided to get an installment loan for $27,000 and is at present seeking lenders like Princeton Bank to process their request.

Client Profile: Santa Mullikin of Eden Prairie, Minnesota
  • Full name (Changed if requested): Santa Mullikin
  • Current Credit: loans.hit.utils.Fico@9807454
  • Current City: Eden Prairie
  • State: Minnesota
  • Zip code: 55352
  • Yearly income: $37,000
  • Current Job: paste-up worker
  • Current County: Hennepin
  • Goal Yearly Income: $132,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

9 Months in the Past, Santa Tried to Find a High Risk Loan for $37,000.00, and it was Easy

It is an well known struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Santa. Santa chose not to get a high risk loan this time. High Risk loans are given to bad credit applicants. Individuals with credit ratings as low as 332 can apply for a high risk loan and may be be accepted.

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $27,000.00 to $50,000.00. They are typically used to pay off existing high interest loans like credit cards. Santa needed a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Santa was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.5%.

When Santa was 20, they attempted to obtain a student loan from 5 alternate banks, which damaged their credit score. Below is a chronology of Santa’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on June 11, 2009
  • Attempt 2) Loan for $36,000.00 on December 16, 2010
  • Attempt 3) Loan for $27,000.00 on February 7, 2012
  • Attempt 4) Loan for $23,000.00 on December 30, 2008
  • Attempt 5) Loan for $25,000.00 on February 11, 2010

Conclusion of Santa’s consolidation loan

In the end, Santa was able to find a consolidation loan for $12000 with an interest rate of 8.0% interest APR from The First State Bank of Eden Prairie in Eden Prairie, Minnesota repayable over 6 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.