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$60000 High Risk Loan In Mason City Iowa With Credit Score 722 For Stefan

$60000 High Risk Loan – Mason City Iowa, Credit Rating Of 722

  • Experian: 738 – They had an excellent Experian rating
  • Transunion: 705 – Stefan had an excellent credit rating with Transunion.
  • Equifax: Stefan’s Experian score was 722, which is an excellent credit score with the Experian rating scheme.

Paraphrased and Standardized Quote from Stefan for this high risk loan of $60000, provided by Boatmen’s Bank of North Iowa

Hello, I am Stefan and I’m from Mason City in Iowa. Cerro Gordo, county is where I grew up, and now I need a high risk loan in Iowa for $60000 to renovate my home. It has been difficult, but Boatmen’s Bank of North Iowa really came through for me with this loan for 11.6% interest APR and a term of 16 years. I can repay the loan over the 16 year term, including interest. A big thanks to Boatmen’s Bank of North Iowa for giving me a chance and my excellent credit. It look me 6 years to create my credit to 722, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.

Previous requests on Stefan’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$106740.00 3 10.4% $3464.28 Mills County Bank National Association March 30, 2009
$106750.00 4 11.8% $2800.67 Postville State Bank September 17, 2010
$107270.00 7 6.2% $1577.36 Washington State Bank March 28, 2014
$106520.00 10 11.7% $1509.84 Rippey Savings Bank February 2, 2015
$107340.00 5 6.6% $2105.26 Iowa State Bank May 8, 2015

Several past requests for credit have been made by Stefan in the past, including one from State Bank of Cazenovia in Mason City, Iowa before Stefan was accepted for the $60000 by Boatmen’s Bank of North Iowa

Stefan made 7 previous attempts to obtain a high risk loan, 2 of which were with State Bank of Cazenovia, a lending institution in Mason City, Iowa known to specialize in high risk loans specifically. Prior to finding Boatmen’s Bank of North Iowa, Stefan was very concerned due to their inexperience and excellent credit score.

When Stefan was 18, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit score. Below is a list of Stefan’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on February 7, 2012
  • Attempt 2) Loan for $30,000.00 on November 13, 2008
  • Attempt 3) Loan for $24,000.00 on June 19, 2011
  • Attempt 4) Loan for $35,000.00 on November 10, 2011

Stefan was not approved by Security State Bank 4 times before being approved by Boatmen’s Bank of North Iowa at 25 West State Street

On September 26, 2009, Stefan inquired about borrowing $34,000 from Peoples Savings Bank with Chong, their in law from just outside Mason City, and even with the co-signer, Stefan was rejected for this high risk loan. With excellent credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Stefan’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their social welfare administrator job and their future job as a cartographic technician

Fico Score: 722

Client Profile: Stefan Pirro of Mason City, Iowa
  • Full name (Changed if requested): Stefan Pirro
  • Current Credit: loans.hit.utils.Fico@13b6d03
  • Current City: Mason City
  • State: Iowa
  • Zip code: 50408
  • Yearly income: $61,000
  • Current Job: social welfare administrator
  • Current County: Cerro Gordo
  • Goal Yearly Income: $137,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Stefan’s Transunion score was changed by the high risk loan loan, changing to 705 from 722, which is normal in our experience.

Transunion Score: 705

Signature Loan easily acquired in Mason City, Iowa for $60000 with excellent credit by Stefan

Most borrowers have difficulty with finding signature loans in Mason City, Iowa, and Stefan is the same. Stefan went to 4 lenders or more before settling on Boatmen’s Bank of North Iowa, who offered Stefan a signature loan for $60000. Most signature loans simply require a client, like Stefan’s signature to obtain them, up to $39,000 in some cases. Stefan was able to get $60000 as a high risk loan, which is very high for a high risk loan. Because signature loans do not require a cosigner, these loans tend to need higher credit, as high as 711

Before applying for this high risk loan, Stefan had an Experian score of 738, which is excellent, so Boatmen’s Bank of North Iowa most likely cannot provide Stefan a high risk loan

Experian Score: 738

Installment loan for Stefan, a graduate of Troy University and a social welfare administrator working for over $70,000 per year

Stefan, an alumnus at Troy University and a social welfare administrator in Mason City, Iowa needs a high risk loan to purchase a new cell phone. Stefan has instead decided to get an installment loan for $23,000 and is currently seeking lenders like Mills County Bank National Association to provide it.

Personal Loan for a social welfare administrator named Stefan in Mason City, Iowa to Pay Off Office Depot Personal Credit Card

Stefan had a lot of credit card debt on their Amazon.com Business Rewards Visa Card and their First Hawaiian Bank Priority Destinations World MasterCard, and they were starting to get in over their heads. Despite Stefan’s job as a social welfare administrator, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Stefan has a very low current total income, but has a large amount of prospects

Stefan has always wanted to be a cartographic technician, but would have to attend Troy University again to achieve it. Stefan has other prospects as well, including airport administrator, catering administrator, and foreign exchange trader, which pay $53,000 through to $102,000 per year, on average. For this reason, we believe that Stefan can afford this high risk loan of $60000.

Contact Details for Boatmen’s Bank of North Iowa, the provider of this high risk loan

  • Boatmen’s Bank of North Iowa
  • City: Mason City
  • State: Iowa
  • Address: 25 West State Street
  • County: Cerro Gordo
  • Zip code: 50401

8 Months Ago, Stefan Attempted to Find a High Risk Loan for $37,000.00, and it was Easy

There is an well known struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Stefan. Stefan decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Clients with credit scores as low as 597 can inquire for a high risk loan and have a chance to be accepted.

Fast Loans for Stefan in Mason City, Iowa to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Mason City, Iowa aren’t actually that difficult to obtain, especially if you have some gumption like Stefan. Stefan was able to find a fast loan for $60000 from Ankeny State Bank and Peoples Bank and Trust Company, but declined both offers in favor of their high risk loan from Boatmen’s Bank of North Iowa. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if a client is in a pinch.

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $28,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Stefan required a debt consolidation loan to pay for their existing high risk loan and their credit card. Stefan was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.4%.

Conclusion of Stefan’s high risk loan

In the end, Stefan was able to find a high risk loan for $60000 with an interest rate of 10.2% interest APR from Boatmen’s Bank of North Iowa in Mason City, Iowa repayable over 16 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.