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Shanell Had Need For A Fast Loan For $8000, Albuquerque, New Mexico

$8000 Fast Loan – Albuquerque New Mexico, Credit Rating Of 672

  • Experian: 689 – The client had a good Experian score
  • Transunion: 659 – Shanell had a good credit rating with Transunion.
  • Equifax: Shanell’s Experian score was 672, which is a good credit score using the Experian rating scheme.

Shanell’s Transunion score was altered by the fast loan loan, changing to 659 from 672, which is typical in our experience.

Transunion Score: 659

Installment loan for Shanell, a graduate of Northwestern University and a student admissions administrator working for over $77,000 per year

Shanell, an alumnus at Northwestern University and a student admissions administrator in Albuquerque, New Mexico needs a fast loan to purchase a new cell phone. Shanell has instead decided to get an installment loan for $7,000 and is currently seeking lenders like Norwest Bank New Mexico Northeast, National Association to process their request.

Paraphrased and Standardized Quote from Shanell for this fast loan of $8000, provided by DSRM National Bank

Hello, I am Shanell and I am from Albuquerque in New Mexico. Bernalillo, county is where I grew up, and now I need a fast loan in New Mexico for $8000 to avoid bankruptcy. It has been difficult, but DSRM National Bank really came through for me with this loan for 8.8% interest APR and a term of 8 years. I can probably repay the loan over the 8 year term, including interest. A big thanks to DSRM National Bank for giving me a chance and my good credit. It look me 6 years to build my credit to 672, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Contact Details for DSRM National Bank, the provider of this fast loan

  • DSRM National Bank
  • City: Albuquerque
  • State: New Mexico
  • Address: 5600 Wyoming Boulevard, N.E., Suite 275
  • County: Bernalillo
  • Zip code: 87109

6 Months Ago, Shanell Attempted to Find a High Risk Loan for $33,000.00, and it was Hard

It is an ongoing struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Shanell. Shanell chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Individuals with credit ratings as low as 390 can apply for a high risk loan and may be be approved.

Before applying for this fast loan, Shanell had an Experian score of 689, which is good, so DSRM National Bank probably cannot provide Shanell a fast loan

Experian Score: 689

Previous requests on Shanell’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$99550.00 4 5.6% $2319.72 The Citizens Bank September 20, 2012
$100410.00 9 7.1% $1260.85 United New Mexico Bank at Mimbres Valley May 30, 2014
$99770.00 4 5.5% $2320.3 First Security Bank of New Mexico, National Association October 5, 2014
$99760.00 6 8.8% $1788.34 SUNWEST Bank of Albuquerque, National Association February 27, 2015
$100230.00 10 10.5% $1352.45 The First National Bank of Belen July 14, 2015
Client Profile: Shanell Sodek of Albuquerque, New Mexico
  • Full name (Changed if requested): Shanell Sodek
  • Current Credit: loans.hit.utils.Fico@377dca04
  • Current City: Albuquerque
  • State: New Mexico
  • Zip code: 87112
  • Yearly income: $66,000
  • Current Job: student admissions administrator
  • Current County: Bernalillo
  • Goal Yearly Income: $124,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Fast Loans for Shanell in Albuquerque, New Mexico to prevent bankruptcy or harm from debt collectors.

Fast loans in Albuquerque, New Mexico aren’t actually that difficult to obtain, particularly if you have some finesse like Shanell. Shanell was able to find a fast loan for $8000 from First National Bank of Clovis and Norwest Bank New Mexico Northeast, National Association, but declined both offers in favor of their fast loan from DSRM National 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 7 weeks for debt consolidation loans. A big difference in the case that a borrower is in a pinch.

Personal Loan for a student admissions administrator named Shanell in Albuquerque, New Mexico to Pay Off Valero Fleet Services Credit Card

Shanell had a tonne of credit card debt on their CFCU Platinum Visa and their First Tennessee Classic Visa or MasterCard, and they were starting to get in over their heads. Despite Shanell’s job as a student admissions administrator, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $36,000.00 to $48,000.00. They are mainly used to pay off existing high interest loans like credit cards. Shanell required a debt consolidation loan to pay for their existing fast loan and their payday loan. Shanell was able to find a fast loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.2%.

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

Shanell has always wanted to be a motorboat mechanic, but would have to attend Northwestern University again to become one. Shanell has other possibilities as well, including exhibit artist, computer hardware technician, and crop workers supervisor, which pay $59,000 through to $101,000 per year, at least. For this reason, we believe that Shanell can pay for this fast loan of $8000.

Signature Loan found in Albuquerque, New Mexico for $8000 with good credit by Shanell

Many prospective borrowers struggle with obtaining signature loans in Albuquerque, New Mexico, and Shanell is no exception. Shanell went to 4 lending institutions or more before settling on DSRM National Bank, who offered Shanell a signature loan for $8000. Typical signature loans simply need a client, like Shanell’s signature to obtain them, up to $38,000 in some cases. Shanell was able to get $8000 as a fast loan, which is very high for a fast loan. Since signature loans don’t need collateral, these loans generally need improved credit, as high as 762

Shanell was not approved by United New Mexico Bank at Roswell, National Association 4 times before being approved by DSRM National Bank at 5600 Wyoming Boulevard, N.E., Suite 275

On January 6, 2011, Shanell inquired about borrowing $16,000 from International Bank with Eugene, their in law from just outside Albuquerque, and even with the co-signer, Shanell was rejected for this fast loan. With good credit, it can be challenging to obtain funding, even with collateral and a co-signer.

When Shanell was 18, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit score. Below is a list of Shanell’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on December 25, 2009
  • Attempt 2) Loan for $25,000.00 on August 28, 2011
  • Attempt 3) Loan for $21,000.00 on May 2, 2011
  • Attempt 4) Loan for $28,000.00 on September 10, 2010

Multiple previous requests for credit have been made by Shanell in the past, including one from The Banner Elk Bank in Albuquerque, New Mexico before Shanell was accepted for the $8000 by DSRM National Bank

Shanell made 5 prior attempts to obtain a fast loan, 2 of which were with The Banner Elk Bank, a lending institution in Albuquerque, New Mexico known to specialize in fast loans specifically. Prior to finding DSRM National Bank, Shanell was concerned due to their inexperience and good credit rating.

Shanell’s Overall FICO score at the time of acceptance for a fast loan, taking into account their student admissions administrator job and their future career as a motorboat mechanic

Fico Score: 672

Conclusion of Shanell’s fast loan

In the end, Shanell was able to find a fast loan for $8000 with an interest rate of 6.7% interest APR from DSRM National Bank in Albuquerque, New Mexico repayable over 8 years from now.

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.