$188000 No Collateral Loan – Iowa Falls Iowa, Credit Rating Of 410
- Experian: 429 – This individual had a bad Experian rating
- Transunion: 393 – Saran had a bad credit rating with Transunion.
- Equifax: Saran’s Experian score was 410, which is a bad credit score with the Experian rating scheme.
6 Months in the Past, Saran Attempted Finding a High Risk Loan for $23,000.00, and it was Hard
There is an well known struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Saran. Saran chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Borrowers with credit ratings as low as 336 can inquire for a high risk loan and possibly can be approved.
Previous requests on Saran’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $57710.00 | 4 | 10.1% | $1466.45 | Mills County Bank National Association | March 22, 2011 |
| $58130.00 | 7 | 6.1% | $851.98 | Postville State Bank | February 24, 2013 |
| $58390.00 | 8 | 10.4% | $898.43 | Washington State Bank | April 23, 2013 |
| $57690.00 | 9 | 6.4% | $704.08 | Rippey Savings Bank | May 3, 2014 |
| $58480.00 | 10 | 10.8% | $798.96 | Iowa State Bank | September 26, 2014 |
Many past requests for credit have been made by Saran in the past, including one from Monroe Bank in Iowa Falls, Iowa before Saran was approved for the $188000 by Iowa Falls State Bank
Saran made 7 prior attempts to obtain a no collateral loan, 2 of which were with Monroe Bank, a lender in Iowa Falls, Iowa known to specialize in no collateral loans specifically. Prior to finding Iowa Falls State Bank, Saran was concerned due to their inexperience and bad credit score.
Installment loan for Saran, a graduate of Strayer University and a sportswriter working for over $79,000 per year
Saran, an alumnus at Strayer University and a sportswriter in Iowa Falls, Iowa wants a no collateral loan to purchase something frivolous. Saran has instead chosen to obtain an installment loan for $24,000 and is currently seeking lenders like Peoples Bank and Trust Company to provide it.
Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans range from $33,000.00 to $53,000.00. They are mainly used to pay off existing high interest loans like credit cards. Saran needed a debt consolidation loan to pay for their existing no collateral loan and their payday loan. Saran was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.5%.
Fast Loans for Saran in Iowa Falls, Iowa to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Iowa Falls, Iowa aren’t actually that difficult to obtain, especially if you have some gumption like Saran. Saran was able to find a fast loan for $188000 from Community State Bank and Buffalo Savings Bank, but declined both offers in favor of their no collateral loan from Iowa Falls State Bank. 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 6 weeks for debt consolidation loans. A big difference in the case that a client is in a pinch.
Saran’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their sportswriter job and their future career as a high school teacher
- Full name (Changed if requested): Saran Szpak
- Current Credit: loans.hit.utils.Fico@3cd1f1c8
- Current City: Iowa Falls
- State: Iowa
- Zip code: 50131
- Yearly income: $56,000
- Current Job: sportswriter
- Current County: Hardin
- Goal Yearly Income: $95,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Saran’s Transunion score was changed by the no collateral loan loan, changing to 393 from 410, which is typical in our experience.
Contact Details for Iowa Falls State Bank, the provider of this no collateral loan
- Iowa Falls State Bank
- City: Iowa Falls
- State: Iowa
- Address: 601 Washington Avenue
- County: Hardin
- Zip code: 50126
Personal Loan for a sportswriter named Saran in Iowa Falls, Iowa to Pay Off PNC Bank Core Visa Credit Card
Saran had a tonne of credit card debt on their Merrill Lynch Merrill+ Visa and their Mio Prepaid Credit Card, and they were starting to get in over their heads. Despite Saran’s job as a sportswriter, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Paraphrased and Standardized Quote from Saran for this no collateral loan of $188000, provided by Iowa Falls State Bank
Hello, I am Saran and my hometown is Iowa Falls in Iowa. Hardin, county is where I grew up, and now I need a no collateral loan in Iowa for $188000 to buy a big ticket item. It has been difficult, but Iowa Falls State Bank really came through for me with this loan for 5.6% interest APR and a term of 7 years. I will repay the loan over the 7 year term, including interest. A big thanks to Iowa Falls State Bank for trusting me and my bad credit. It look me 9 years to build my credit to 410, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.
When Saran was 20, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a list of Saran’s prior attempts at finding a student loan:
- Attempt 1) Loan for $29,000.00 on April 4, 2010
- Attempt 2) Loan for $34,000.00 on January 13, 2011
- Attempt 3) Loan for $29,000.00 on April 6, 2012
- Attempt 4) Loan for $31,000.00 on January 4, 2010
Before applying for this no collateral loan, Saran had an Experian score of 429, which is bad, so Iowa Falls State Bank most likely cannot provide Saran a no collateral loan
Signature Loan acquired in Iowa Falls, Iowa for $188000 with bad credit by Saran
Many borrowers have difficulty with finding signature loans in Iowa Falls, Iowa, and Saran is no exception. Saran went to 8 lenders or more prior to settling on Iowa Falls State Bank, who offered Saran a signature loan for $188000. Most signature loans simply need a client, like Saran’s signature to get them, up to $21,000 in some cases. Saran was able to get $188000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans don’t require collateral, these loans generally need improved credit, as high as 741
Saran has a very low current total income, but has several of prospects
Saran has always wanted to be a high school teacher, but would have to attend Strayer University again to achieve it. Saran has other possibilities as well, including clinical dietitian, manual arts therapist, and automotive body repairer, which pay $57,000 through to $90,000 per year, at least. Because of this, we believe that Saran can afford this no collateral loan of $188000.
Saran was not approved by Raccoon Valley State Bank 4 times before being accepted by Iowa Falls State Bank at 601 Washington Avenue
On October 3, 2009, Saran inquired about borrowing $38,000 from Community Bank with Matilde, their friend from just outside Iowa Falls, and even with the co-signer, Saran was rejected for this no collateral loan. With bad credit, it can be difficult to procure financing, even with collateral and a co-signer.
Conclusion of Saran’s no collateral loan
In the end, Saran was able to find a no collateral loan for $188000 with an interest rate of 11.8% interest APR from Iowa Falls State Bank in Iowa Falls, Iowa repayable over 7 years from now.
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