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Torrie Had Need For A Debt Consolidation Loan For $14000, Sisseton, South Dakota

$14000 Debt Consolidation Loan – Sisseton South Dakota, Credit Score Of 561

  • Experian: 576 – The client had a fair Experian score
  • Transunion: 547 – Torrie had a fair credit rating with Transunion.
  • Equifax: Torrie’s Experian score was 561, which is a fair credit score using the Experian rating scheme.

Signature Loan found in Sisseton, South Dakota for $14000 with fair credit by Torrie

Many borrowers have difficulty with finding signature loans in Sisseton, South Dakota, and Torrie is not an exception. Torrie went to 7 lenders or more prior to settling on The Roberts County National Bank of Sisseton, who offered Torrie a signature loan for $14000. Most signature loans simply need a client, like Torrie’s signature to obtain them, up to $49,000 in some cases. Torrie was able to get $14000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t require a cosigner, these loans generally require better credit, as high as 751

Personal Loan for a commercial fisherman named Torrie in Sisseton, South Dakota to Pay Off ABNB Federal Credit Union Visa Platinum Reward

Torrie had a tonne of credit card debt on their First Bank Accelerate Rewards American Express Card and their Restoration Hardware Credit Card, and they were starting to get in over their heads. Despite Torrie’s job as a commercial fisherman, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Torrie was declined by Farmers State Bank 4 times prior to being accepted by The Roberts County National Bank of Sisseton at 5 East Maple Street

On November 4, 2013, Torrie applied about borrowing $45,000 from First State Bank with Donnell, their in law from just outside Sisseton, and even with the co-signer, Torrie was rejected for this debt consolidation loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Torrie has a low current gross income, but has several of prospects

Torrie has always wanted to be a physician’s office nurse, but would need attend Marian University again to achieve it. Torrie has other possibilities as well, including broker’s floor representative, chemistry professor, and insurance lawyer, which pay $55,000 through to $107,000 per year, at least. For this reason, we think that Torrie can pay for this debt consolidation loan of $14000.

Paraphrased and Standardized Quote from Torrie for this debt consolidation loan of $14000, provided by The Roberts County National Bank of Sisseton

Hello, I am Torrie and my hometown is Sisseton in South Dakota. Roberts, county is where I grew up, and now I need a debt consolidation loan in South Dakota for $14000 to buy a big ticket item. It wasn’t easy, but The Roberts County National Bank of Sisseton really came through for me with this loan for 10.6% interest APR and a term of 22 years. I can probably repay the loan over the 22 year term, including interest. A big thanks to The Roberts County National Bank of Sisseton for giving me a chance and my fair credit. It look me 5 years to build my credit to 561, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Torrie’s Transunion score was changed by the debt consolidation loan loan, changing to 547 from 561, which is typical in our experience.

Transunion Score: 547

Torrie’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their commercial fisherman job and their future career as a physician’s office nurse

Fico Score: 561

Multiple previous requests for credit have been made by Torrie in the past, including one from First National Bank of Green River in Sisseton, South Dakota before Torrie was approved for the $14000 by The Roberts County National Bank of Sisseton

Torrie made 6 previous tries to obtain a debt consolidation loan, 2 of which were with First National Bank of Green River, a lender in Sisseton, South Dakota known to specialize in debt consolidation loans specifically. Before finding The Roberts County National Bank of Sisseton, Torrie was very concerned due to their inexperience and fair credit score.

Previous requests on Torrie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$51880.00 9 7.2% $654.09 The Peoples Bank January 18, 2012
$52280.00 7 5.4% $748.79 First State Bank of Claremont June 21, 2013
$52400.00 4 6.1% $1233.02 Security State Bank June 23, 2013
$52240.00 7 7.2% $793.56 First Western Bank August 1, 2013
$52340.00 7 9.7% $860.81 Western Dakota Bank October 12, 2014

When Torrie was 20, they attempted to obtain a student loan from 6 different lenders, which damaged their credit score. Below is a list of Torrie’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on November 17, 2011
  • Attempt 2) Loan for $37,000.00 on February 17, 2011
  • Attempt 3) Loan for $27,000.00 on August 27, 2009
  • Attempt 4) Loan for $30,000.00 on July 24, 2012
  • Attempt 5) Loan for $23,000.00 on March 29, 2010
  • Attempt 6) Loan for $35,000.00 on January 19, 2011

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

Average debt consolidation loans vary from $21,000.00 to $56,000.00. They are normally used to pay off existing high interest loans like credit cards. Torrie needed a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Torrie was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your bad, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.7%.

Client Profile: Torrie Dwire of Sisseton, South Dakota
  • Full name (Changed if requested): Torrie Dwire
  • Current Credit: loans.hit.utils.Fico@133314b
  • Current City: Sisseton
  • State: South Dakota
  • Zip code: 57264
  • Yearly income: $38,000
  • Current Job: commercial fisherman
  • Current County: Roberts
  • Goal Yearly Income: $86,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

7 Months Ago, Torrie Attempted Finding a High Risk Loan for $33,000.00, and it was Hard

There is an existing struggle for clients to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Torrie. Torrie chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Individuals with credit ratings as low as 580 can inquire for a high risk loan and may be be approved.

Contact Details for The Roberts County National Bank of Sisseton, the provider of this debt consolidation loan

  • The Roberts County National Bank of Sisseton
  • City: Sisseton
  • State: South Dakota
  • Address: 5 East Maple Street
  • County: Roberts
  • Zip code: 57262

Installment loan for Torrie, a graduate of Marian University and a commercial fisherman working for over $65,000 per year

Torrie, an alumnus at Marian University and a commercial fisherman in Sisseton, South Dakota wants a debt consolidation loan to purchase something frivolous. Torrie has instead chosen to get an installment loan for $15,000 and is currently seeking lenders like Hand County State Bank to process their request.

Fast Loans for Torrie in Sisseton, South Dakota to prevent bankruptcy or harm from debt collectors.

Fast loans in Sisseton, South Dakota aren’t actually that difficult to obtain, especially if you have some finesse like Torrie. Torrie was able to find a fast loan for $14000 from First Fidelity Bank and Badlands State Bank, but declined both offers in favor of their debt consolidation loan from The Roberts County National Bank of Sisseton. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. An improvement if a client is on the go.

Before applying for this debt consolidation loan, Torrie had an Experian score of 576, which is fair, so The Roberts County National Bank of Sisseton likely cannot provide Torrie a debt consolidation loan

Experian Score: 576

Conclusion of Torrie’s debt consolidation loan

In the end, Torrie was able to find a debt consolidation loan for $14000 with an interest rate of 11.4% interest APR from The Roberts County National Bank of Sisseton in Sisseton, South Dakota repayable over 22 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.