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Bethanie Had Need For An Unsecured Loan For $38000, Denver, Colorado

$38000 Unsecured Loan – Denver Colorado, Credit Rating Of 540

  • Experian: 558 – They had a fair Experian rating
  • Transunion: 522 – Bethanie had a fair credit score with Transunion.
  • Equifax: Bethanie’s Experian score was 540, which is a fair credit score on the Experian scale.

Paraphrased and Standardized Quote from Bethanie for this unsecured loan of $38000, provided by Colorado National Bank

Hello, I am Bethanie and I am from Denver in Colorado. Denver, county is where I grew up, and now I need a unsecured loan in Colorado for $38000 to avoid bankruptcy. It wasn’t easy, but Colorado National Bank really came through for me with this loan for 7.7% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to Colorado National Bank for giving me a chance and my fair credit. It look me 9 years to build my credit to 540, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

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

Bethanie has always wanted to be a petroleum geologist, but would have to attend Crown College again to achieve it. Bethanie has other prospects as well, including gas plant operator, cement mason, and biology professor, which pay $56,000 through to $99,000 per year, at least. For this reason, we believe that Bethanie can pay for this unsecured loan of $38000.

Before applying for this unsecured loan, Bethanie had an Experian score of 558, which is fair, so Colorado National Bank probably can provide Bethanie an unsecured loan

Experian Score: 558

Bethanie’s Transunion score was changed by the unsecured loan loan, changing to 522 from 540, which is typical in our experience.

Transunion Score: 522

Multiple previous requests for credit have been made by Bethanie in the past, including one from Bank One, Western Kentucky, National Association in Denver, Colorado before Bethanie was accepted for the $38000 by Colorado National Bank

Bethanie made 6 previous tries to obtain an unsecured loan, 2 of which were with Bank One, Western Kentucky, National Association, a bank in Denver, Colorado known to specialize in unsecured loans specifically. Prior to finding Colorado National Bank, Bethanie was concerned due to their inexperience and fair credit score.

Signature Loan found in Denver, Colorado for $38000 with fair credit by Bethanie

A lot of borrowers have difficulty with finding signature loans in Denver, Colorado, and Bethanie is no different. Bethanie went to 4 lending institutions or more prior to finding Colorado National Bank, who offered Bethanie a signature loan for $38000. Typical signature loans simply need a client, like Bethanie’s signature to get them, up to $35,000 in some cases. Bethanie was able to get $38000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans do not need collateral, these loans generally require improved credit, as high as 748

Installment loan for Bethanie, a graduate of Crown College and a hydraulic engineer working for over $77,000 per year

Bethanie, an alumnus at Crown College and a hydraulic engineer in Denver, Colorado needs an unsecured loan to purchase a house. Bethanie has instead chosen to get an installment loan for $6,000 and is currently seeking lenders like Affiliated National Bank – Delta to provide it.

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

Average debt consolidation loans vary from $27,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Bethanie needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Bethanie was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.4%.

Personal Loan for a hydraulic engineer named Bethanie in Denver, Colorado to Pay Off Zions Bank AmaZing Rate Credit Card

Bethanie had a tonne of credit card debt on their OneWest Bank MasterCard Credit Card and their Havertys Furniture Credit Card, and they were starting to get in over their heads. Despite Bethanie’s job as a hydraulic engineer, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Previous requests on Bethanie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$86420.00 11 9.3% $1048.02 Affiliated National Bank – Delta October 20, 2011
$85660.00 8 7.1% $1172.13 Central Bank, National Association August 1, 2014
$86290.00 6 8.7% $1542.61 The Colorado Bank and Trust Company of La Junta February 11, 2015
$86150.00 8 7.2% $1183.14 Colorado State Bank and Trust, N. A. June 15, 2015
$85770.00 5 5.2% $1626.46 Mountain Parks Bank – West July 19, 2015

8 Months in the Past, Bethanie Tried Finding a High Risk Loan for $36,000.00, and it was Hard

It is an existing struggle for clients to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Bethanie. Bethanie decided not to get a high risk loan this time. High Risk loans are given to terrible credit clients. Individuals with credit ratings as low as 357 can apply for a high risk loan and may be be accepted.

Fast Loans for Bethanie in Denver, Colorado to prevent bankruptcy or harm from debt collectors.

Fast loans in Denver, Colorado aren’t actually that difficult to obtain, particularly if you have some gumption like Bethanie. Bethanie was able to find a fast loan for $38000 from Bank One, Colorado Springs, National Association and Affiliated National Bank – Center, but declined both offers in favor of their unsecured loan from Colorado National Bank. 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. An improvement in the case that a borrower is on the go.

When Bethanie was 24, they tried to obtain a student loan from 5 different banks, which harmed their credit score. Below is a list of Bethanie’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on June 20, 2013
  • Attempt 2) Loan for $36,000.00 on March 24, 2010
  • Attempt 3) Loan for $26,000.00 on June 10, 2012
  • Attempt 4) Loan for $36,000.00 on October 10, 2010
  • Attempt 5) Loan for $27,000.00 on July 22, 2011

Bethanie’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their hydraulic engineer job and their future job as a petroleum geologist

Fico Score: 540

Client Profile: Bethanie Groesbeck of Denver, Colorado
  • Full name (Changed if requested): Bethanie Groesbeck
  • Current Credit: loans.hit.utils.Fico@20ad9418
  • Current City: Denver
  • State: Colorado
  • Zip code: 80205
  • Yearly income: $53,000
  • Current Job: hydraulic engineer
  • Current County: Denver
  • Goal Yearly Income: $95,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Contact Details for Colorado National Bank, the provider of this unsecured loan

  • Colorado National Bank
  • City: Denver
  • State: Colorado
  • Address: 918 17th Street
  • County: Denver
  • Zip code: 80202

Bethanie was not approved by The Berthoud National Bank 6 times prior to being accepted by Colorado National Bank at 918 17th Street

On May 4, 2012, Bethanie applied about borrowing $22,000 from Norwest Bank Boulder, National Association with Krissy, their friend from just outside Denver, and even with the co-signer, Bethanie was rejected for this unsecured loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Conclusion of Bethanie’s unsecured loan

In the end, Bethanie was able to find an unsecured loan for $38000 with an interest rate of 5.1% interest APR from Colorado National Bank in Denver, Colorado repayable over 15 years from today.

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.