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Student Loan For $78000 Near 58012, North Dakota With A Credit Score Of 479

$78000 Student Loan – Casselton North Dakota, Credit Rating Of 479

  • Experian: 490 – This individual had a bad Experian score
  • Transunion: 464 – Arnoldo had a bad credit rating with Transunion.
  • Equifax: Arnoldo’s Experian score was 479, which is a bad credit score on the Experian system.

Fast Loans for Arnoldo in Casselton, North Dakota to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Casselton, North Dakota aren’t actually that difficult to obtain, especially if you have some gumption like Arnoldo. Arnoldo was able to find a fast loan for $78000 from American State Bank of New England and Kulm State Bank, but turned down both offers in favor of their student loan from First American Bank of Casselton. 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 difference in the case that a borrower is in a time sensitive situation.

When Arnoldo was 20, they attempted to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a list of Arnoldo’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on June 8, 2013
  • Attempt 2) Loan for $34,000.00 on December 19, 2008
  • Attempt 3) Loan for $24,000.00 on August 31, 2009
  • Attempt 4) Loan for $20,000.00 on December 18, 2013

Contact Details for First American Bank of Casselton, the provider of this student loan

  • First American Bank of Casselton
  • City: Casselton
  • State: North Dakota
  • Address: 11 Langer Avenue
  • County: Cass
  • Zip code: 58012

Before applying for this student loan, Arnoldo had an Experian score of 490, which is bad, so First American Bank of Casselton likely cannot provide Arnoldo a student loan

Experian Score: 490

Signature Loan acquired in Casselton, North Dakota for $78000 with bad credit by Arnoldo

Most clients have difficulty with obtaining signature loans in Casselton, North Dakota, and Arnoldo is not an exception. Arnoldo went to 7 lending institutions or more before finding First American Bank of Casselton, who offered Arnoldo a signature loan for $78000. Most signature loans simply require a client, like Arnoldo’s signature to obtain them, up to $36,000 in some cases. Arnoldo was able to get $78000 as a student loan, which is very high for a student loan. Since signature loans do not require collateral, they tend to require better credit, as high as 706

Previous requests on Arnoldo’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$85450.00 9 10.6% $1230.96 American State Bank of New England May 1, 2013
$85420.00 3 6.2% $2606.39 First American Bank & Trust of Carrington July 10, 2014
$84840.00 7 11.6% $1479.57 Kulm State Bank July 30, 2014
$84560.00 9 10.1% $1195.08 Bremer Bank, National Association October 28, 2014
$84590.00 5 6.2% $1643.24 First American Bank of Larimore November 5, 2014

Arnoldo has a low current total income, but has a high number of prospects

Arnoldo has always wanted to be an excavating supervisor, but would have to attend University of Minnesota – Twin Cities again to achieve it. Arnoldo has other possibilities as well, including sales representative, script editor, and financial analyst, which pay $52,000 through to $101,000 per year, on average. For this reason, we believe that Arnoldo can afford this student loan of $78000.

Personal Loan for an airport design engineer named Arnoldo in Casselton, North Dakota to Pay Off American Association of Grant Professionals Visa Platinum Rewards Card

Arnoldo had a lot of credit card debt on their Lexus Pursuits Visa Platinum Credit Card and their Stein Mart Platinum Rewards MasterCard, and they were starting to get in over their heads. Despite Arnoldo’s job as an airport design engineer, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Client Profile: Arnoldo Sippy of Casselton, North Dakota
  • Full name (Changed if requested): Arnoldo Sippy
  • Current Credit: loans.hit.utils.Fico@76fb509a
  • Current City: Casselton
  • State: North Dakota
  • Zip code: 58018
  • Yearly income: $46,000
  • Current Job: airport design engineer
  • Current County: Cass
  • Goal Yearly Income: $130,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

9 Months in the Past, Arnoldo Attempted Finding a High Risk Loan for $36,000.00, and it was Easy

It is an well known struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Arnoldo. Arnoldo decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Individuals with credit ratings as low as 509 can inquire for a high risk loan and have a chance to be approved.

Many previous requests for credit have been made by Arnoldo in the past, including one from Affinity Bank in Casselton, North Dakota before Arnoldo was accepted for the $78000 by First American Bank of Casselton

Arnoldo made 5 previous tries to obtain a student loan, 2 of which were with Affinity Bank, a bank in Casselton, North Dakota known to specialize in student loans specifically. Before finding First American Bank of Casselton, Arnoldo was very concerned due to their inexperience and bad credit score.

Arnoldo’s Transunion score was altered by the student loan loan, changing to 464 from 479, which is normal in our experience.

Transunion Score: 464

Arnoldo was rejected by First American Bank of Rugby 6 times prior to being approved by First American Bank of Casselton at 11 Langer Avenue

On December 7, 2010, Arnoldo applied about borrowing $46,000 from United Community Bank with Corine, their friend from just outside Casselton, and even with the co-signer, Arnoldo was rejected for this student loan. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.

Installment loan for Arnoldo, a graduate of University of Minnesota – Twin Cities and an airport design engineer working for over $60,000 per year

Arnoldo, an alumnus at University of Minnesota – Twin Cities and an airport design engineer in Casselton, North Dakota needs a student loan to purchase a new cell phone. Arnoldo has instead decided to get an installment loan for $12,000 and is at present seeking lenders like First National Bank to process their request.

Paraphrased and Standardized Quote from Arnoldo for this student loan of $78000, provided by First American Bank of Casselton

Hi, I am Arnoldo and I’m from Casselton in North Dakota. Cass, county is where I grew up, and now I need a student loan in North Dakota for $78000 to pay bills. It has been difficult, but First American Bank of Casselton really came through for me with this loan for 11.2% interest APR and a term of 14 years. I can repay the loan over the 14 year term, including interest. A big thanks to First American Bank of Casselton for trusting me and my bad credit. It look me 4 years to create my credit to 479, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans range from $29,000.00 to $43,000.00. They are typically used to pay off existing high interest loans like credit cards. Arnoldo needed a debt consolidation loan to pay for their existing student loan and their payday loan. Arnoldo was able to find a student loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.2%.

Arnoldo’s Overall FICO score at the time of acceptance for a student loan, taking into account their airport design engineer job and their future job as an excavating supervisor

Fico Score: 479

Conclusion of Arnoldo’s student loan

In the end, Arnoldo was able to find a student loan for $78000 with an interest rate of 11.2% interest APR from First American Bank of Casselton in Casselton, North Dakota repayable over 14 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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