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Unsecured Loan Of $135000 For Terrible Credit Minnesota Resident

$135000 Unsecured Loan – Brownton Minnesota, Credit Score Of 397

  • Experian: 408 – This individual had a terrible Experian rating
  • Transunion: 382 – Oscar had a terrible credit score with Transunion.
  • Equifax: Oscar’s Experian score was 397, which is a terrible credit score using the Experian system.

Installment loan for Oscar, a graduate of Dade Medical College – Miami and a control center specialist working for over $64,000 per year

Oscar, an alumnus at Dade Medical College – Miami and a control center specialist in Brownton, Minnesota needs an unsecured loan to purchase something frivolous. Oscar has instead chosen to obtain an installment loan for $7,000 and is currently seeking lenders like State Bank of Danvers to process their request.

When Oscar was 21, they tried to obtain a student loan from 5 different banks, which damaged their credit rating. Below is a list of Oscar’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on April 27, 2009
  • Attempt 2) Loan for $24,000.00 on December 20, 2011
  • Attempt 3) Loan for $24,000.00 on July 23, 2010
  • Attempt 4) Loan for $35,000.00 on January 13, 2009
  • Attempt 5) Loan for $36,000.00 on December 5, 2009

Fast Loans for Oscar in Brownton, Minnesota to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Brownton, Minnesota aren’t actually that difficult to obtain, particularly if you have some gumption like Oscar. Oscar was able to find a fast loan for $135000 from Minnwest Bank Central and Minnwest Bank Central, but turned down both offers in favor of their unsecured loan from The First State Bank of Brownton. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big difference in the case that you are on the go.

Signature Loan easily acquired in Brownton, Minnesota for $135000 with terrible credit by Oscar

A lot of prospective borrowers have difficulty with obtaining signature loans in Brownton, Minnesota, and Oscar is the same. Oscar went to 5 lenders or more prior to finding The First State Bank of Brownton, who offered Oscar a signature loan for $135000. Typical signature loans simply need a client, like Oscar’s signature to get them, up to $26,000 in some cases. Oscar was able to get $135000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans don’t need collateral, they generally need better credit, as high as 707

Oscar’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their control center specialist job and their future job as a police and detectives supervisor

Fico Score: 397

Contact Details for The First State Bank of Brownton, the provider of this unsecured loan

  • The First State Bank of Brownton
  • City: Brownton
  • State: Minnesota
  • Address: 128 Fourth Avenue
  • County: Mcleod
  • Zip code: 55312
Client Profile: Oscar Hamberg of Brownton, Minnesota
  • Full name (Changed if requested): Oscar Hamberg
  • Current Credit: loans.hit.utils.Fico@246b179d
  • Current City: Brownton
  • State: Minnesota
  • Zip code: 55316
  • Yearly income: $33,000
  • Current Job: control center specialist
  • Current County: Mcleod
  • Goal Yearly Income: $94,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Paraphrased and Standardized Quote from Oscar for this unsecured loan of $135000, provided by The First State Bank of Brownton

Hello, I am Oscar and my hometown is Brownton in Minnesota. Mcleod, county is where I grew up, and now I need a unsecured loan in Minnesota for $135000 to avoid bankruptcy. It has been difficult, but The First State Bank of Brownton really came through for me with this loan for 10.7% interest APR and a term of 10 years. I can probably repay the loan over the 10 year term, including interest. A big thanks to The First State Bank of Brownton for giving me a chance and my terrible credit. It look me 9 years to build my credit to 397, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

Oscar’s Transunion score was changed by the unsecured loan loan, changing to 382 from 397, which is normal in our experience.

Transunion Score: 382

8 Months Ago, Oscar Tried to Find a High Risk Loan for $35,000.00, and it was Easy

There is an existing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Oscar. Oscar decided not to get a high risk loan this time. High Risk loans are given to bad credit clients. Borrowers with credit ratings as low as 432 can inquire for a high risk loan and have a chance to be approved.

Oscar has a disappointing current gross income, but has a large amount of prospects

Oscar has always wanted to be a police and detectives supervisor, but would need attend Dade Medical College – Miami again to become one. Oscar has other possibilities as well, including agricultural crop farm manager, dietitian and nutritionist, and range manager, which pay $50,000 through to $104,000 per year, on average. For this reason, we think that Oscar can afford this unsecured loan of $135000.

Personal Loan for a control center specialist named Oscar in Brownton, Minnesota to Pay Off Jessica London Credit Card

Oscar had a lot of credit card debt on their MetroPCS Prepaid Visa Card and their Sleep Number Credit Card, and they were starting to get in over their heads. Despite Oscar’s job as a control center specialist, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Many other requests for credit have been made by Oscar in the past, including one from First National Bank of Smithfield in Brownton, Minnesota before Oscar was approved for the $135000 by The First State Bank of Brownton

Oscar made 5 prior attempts to obtain an unsecured loan, 2 of which were with First National Bank of Smithfield, a lending institution in Brownton, Minnesota known to specialize in unsecured loans specifically. Prior to finding The First State Bank of Brownton, Oscar was desperate due to their inexperience and terrible credit rating.

Oscar was not approved by Clinton State Bank 5 times prior to being approved by The First State Bank of Brownton at 128 Fourth Avenue

On April 8, 2014, Oscar applied about borrowing $10,000 from State Bank of Belle Plaine with Jon, their in law from just outside Brownton, and even with the co-signer, Oscar was rejected for this unsecured loan. With terrible credit, it can be difficult to procure financing, even with collateral and a co-signer.

Before applying for this unsecured loan, Oscar had an Experian score of 408, which is terrible, so The First State Bank of Brownton probably cannot provide Oscar an unsecured loan

Experian Score: 408

Previous requests on Oscar’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$109130.00 6 8.6% $1945.53 Marquette Bank Cannon Falls May 14, 2009
$109340.00 8 9.3% $1618.92 Root River State Bank November 14, 2012
$109110.00 3 6.8% $3359.03 Clinton State Bank June 8, 2013
$109370.00 6 6.8% $1854.16 Peoples State Bank of Plainview May 17, 2014
$109200.00 11 11.7% $1474.29 Security State Bank of Wykoff December 8, 2014

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

Average debt consolidation loans vary from $37,000.00 to $44,000.00. They are typically used to pay off existing high interest loans like credit cards. Oscar required a debt consolidation loan to pay for their existing unsecured loan and their credit card. Oscar was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.0%.

Conclusion of Oscar’s unsecured loan

In the end, Oscar was able to find an unsecured loan for $135000 with an interest rate of 5.1% interest APR from The First State Bank of Brownton in Brownton, Minnesota repayable over 10 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.