$45000 Secured Loan – Hereford Colorado, Credit Score Of 527
- Experian: 542 – They had a fair Experian rating
- Transunion: 514 – Terri had a fair credit rating with Transunion.
- Equifax: Terri’s Experian score was 527, which is a fair credit score on the Experian system.
Previous requests on Terri’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $10580.00 | 10 | 5.2% | $113.25 | Affiliated National Bank – Delta | March 22, 2012 |
| $10640.00 | 7 | 9.1% | $171.73 | Central Bank, National Association | May 13, 2012 |
| $10660.00 | 10 | 8.1% | $129.9 | The Colorado Bank and Trust Company of La Junta | September 7, 2012 |
| $11400.00 | 4 | 6.5% | $270.35 | Colorado State Bank and Trust, N. A. | December 28, 2013 |
| $11330.00 | 10 | 10.2% | $150.98 | Mountain Parks Bank – West | January 19, 2014 |
Paraphrased and Standardized Quote from Terri for this secured loan of $45000, provided by Hereford State Bank
Hi, I am Terri and I’m from Hereford in Colorado. Weld, county is where I grew up, and now I need a secured loan in Colorado for $45000 to buy a car. It wasn’t easy, but Hereford State Bank really came through for me with this loan for 9.2% interest APR and a term of 11 years. I will repay the loan over the 11 year term, including interest. A big thanks to Hereford State Bank for giving me a chance and my fair credit. It look me 9 years to create my credit to 527, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.
Terri was declined by Fremont National Bank of Canon City 4 times prior to being approved by Hereford State Bank at Main Street
On April 29, 2013, Terri applied about borrowing $35,000 from The Colorado Bank and Trust Company of La Junta with Jonnie, their friend from just outside Hereford, and even with the co-signer, Terri was rejected for this secured loan. With fair credit, it can be a challenge to obtain financing, even with collateral and a co-signer.
Signature Loan acquired in Hereford, Colorado for $45000 with fair credit by Terri
Most prospective borrowers struggle with obtaining signature loans in Hereford, Colorado, and Terri is no exception. Terri went to 7 lenders or more before finding Hereford State Bank, who offered Terri a signature loan for $45000. Most signature loans simply require a client, like Terri’s signature to obtain them, up to $31,000 in some cases. Terri was able to get $45000 as a secured loan, which is very high for a secured loan. Since signature loans don’t need collateral, these loans generally require better credit, as high as 724
Fast Loans for Terri in Hereford, Colorado to prevent bankruptcy or harm from debt collectors.
Fast loans in Hereford, Colorado aren’t actually that difficult to obtain, especially if you have some finesse like Terri. Terri was able to find a fast loan for $45000 from Farmers State Bank of Calhan and Affiliated National Bank – Center, but declined both offers in favor of their secured loan from Hereford State Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference if you are on the go.
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $22,000.00 to $59,000.00. They are typically used to pay off existing high interest loans like credit cards. Terri required a debt consolidation loan to pay for their existing secured loan and their payday loan. Terri was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.7%.
Terri’s Transunion score was altered by the secured loan loan, changing to 514 from 527, which is normal in our experience.
Installment loan for Terri, a graduate of Bay de Noc Community College and a school nurse working for over $70,000 per year
Terri, an alumnus at Bay de Noc Community College and a school nurse in Hereford, Colorado needs a secured loan to purchase a car. Terri has instead chosen to get an installment loan for $6,000 and is currently seeking lenders like Colorado National Bank – Exchange to process their request.
Contact Details for Hereford State Bank, the provider of this secured loan
- Hereford State Bank
- City: Hereford
- State: Colorado
- Address: Main Street
- County: Weld
- Zip code: 80732
Terri has a sad current total income, but has a high number of prospects
Terri has always wanted to be a clinical sociologist, but would have to attend Bay de Noc Community College again to become one. Terri has other possibilities as well, including nuclear fuels research engineer, biology professor, and sales representative, which pay $58,000 through to $92,000 per year, on average. Because of this, we think that Terri can pay for this secured loan of $45000.
When Terri was 19, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit score. Below is a list of Terri’s prior attempts at finding a student loan:
- Attempt 1) Loan for $23,000.00 on October 8, 2010
- Attempt 2) Loan for $27,000.00 on June 1, 2011
- Attempt 3) Loan for $26,000.00 on January 23, 2009
- Attempt 4) Loan for $26,000.00 on January 5, 2009
- Attempt 5) Loan for $38,000.00 on August 6, 2010
- Attempt 6) Loan for $35,000.00 on July 9, 2009
Terri’s Overall FICO score at the time of acceptance for a secured loan, taking into account their school nurse job and their future job as a clinical sociologist
Personal Loan for a school nurse named Terri in Hereford, Colorado to Pay Off AirBP Flight Card
Terri had a tonne of credit card debt on their Dollar Bank City Pride Visa and their HSBC Advance MasterCard Credit Card, and they were starting to get in over their heads. Despite Terri’s job as a school nurse, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Many past requests for credit have been made by Terri in the past, including one from Arcola First Bank in Hereford, Colorado before Terri was approved for the $45000 by Hereford State Bank
Terri made 6 previous attempts to obtain a secured loan, 2 of which were with Arcola First Bank, a bank in Hereford, Colorado known to specialize in secured loans specifically. Before finding Hereford State Bank, Terri was concerned due to their inexperience and fair credit rating.
8 Months in the Past, Terri Tried Finding a High Risk Loan for $49,000.00, but They Didn’t Find What They were Expecting
It is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Terri. Terri chose not to obtain a high risk loan this time. High Risk loans are given to very low credit clients. Individuals with credit ratings as low as 482 can apply for a high risk loan and have a chance to be approved.
- Full name (Changed if requested): Terri Puente
- Current Credit: loans.hit.utils.Fico@1b2c6ec2
- Current City: Hereford
- State: Colorado
- Zip code: 80738
- Yearly income: $39,000
- Current Job: school nurse
- Current County: Weld
- Goal Yearly Income: $148,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Before applying for this secured loan, Terri had an Experian score of 542, which is fair, so Hereford State Bank most likely cannot provide Terri a secured loan
Conclusion of Terri’s secured loan
In the end, Terri was able to find a secured loan for $45000 with an interest rate of 11.6% interest APR from Hereford State Bank in Hereford, Colorado repayable over 11 years from today.
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