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$54000 High Risk Loan In Port Huron Michigan With Credit Score 746 For Kerry

$54000 High Risk Loan – Port Huron Michigan, Credit Rating Of 746

  • Experian: 756 – This client had an excellent Experian score
  • Transunion: 733 – Kerry had an excellent credit score with Transunion.
  • Equifax: Kerry’s Experian score was 746, which is an excellent credit rating on the Experian system.

Kerry has a sad current total income, but has several of prospects

Kerry has always wanted to be a history professor, but would need attend Ferris State University again to achieve it. Kerry has other prospects as well, including fire protection engineer, sales representatives, and elevator mechanic, which pay $59,000 through to $108,000 per year, at least. For this reason, we believe that Kerry can afford this high risk loan of $54000.

When Kerry was 24, they tried to obtain a student loan from 7 different banks, which damaged their credit score. Below is a list of Kerry’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on April 16, 2013
  • Attempt 2) Loan for $27,000.00 on July 27, 2012
  • Attempt 3) Loan for $35,000.00 on February 5, 2013
  • Attempt 4) Loan for $24,000.00 on November 25, 2008
  • Attempt 5) Loan for $20,000.00 on May 19, 2009
  • Attempt 6) Loan for $28,000.00 on June 6, 2012
  • Attempt 7) Loan for $30,000.00 on April 20, 2010

Signature Loan acquired in Port Huron, Michigan for $54000 with excellent credit by Kerry

A lot of borrowers have difficulty with obtaining signature loans in Port Huron, Michigan, and Kerry is no exception. Kerry went to 5 lenders or more prior to settling on Michigan Bank – Port Huron, who offered Kerry a signature loan for $54000. Typical signature loans simply need a client, like Kerry’s signature to get them, up to $43,000 in some cases. Kerry was able to get $54000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not need a cosigner, they generally need better credit, as high as 763

Kerry was declined by First of America Bank – Alpena 6 times prior to being granted funding by Michigan Bank – Port Huron at 800 Military Street

On June 29, 2009, Kerry applied about borrowing $13,000 from Citizens State Bank with Terrell, their in law from just outside Port Huron, and even with the co-signer, Kerry was rejected for this high risk loan. With excellent credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Client Profile: Kerry Montuori of Port Huron, Michigan
  • Full name (Changed if requested): Kerry Montuori
  • Current Credit: loans.hit.utils.Fico@27f8302d
  • Current City: Port Huron
  • State: Michigan
  • Zip code: 48064
  • Yearly income: $43,000
  • Current Job: disabled students teacher
  • Current County: St. Clair
  • Goal Yearly Income: $138,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Contact Details for Michigan Bank – Port Huron, the provider of this high risk loan

  • Michigan Bank – Port Huron
  • City: Port Huron
  • State: Michigan
  • Address: 800 Military Street
  • County: St. Clair
  • Zip code: 48060

Many previous requests for credit have been made by Kerry in the past, including one from First Bank South in Port Huron, Michigan before Kerry was approved for the $54000 by Michigan Bank – Port Huron

Kerry made 6 prior attempts to obtain a high risk loan, 2 of which were with First Bank South, a lender in Port Huron, Michigan known to specialize in high risk loans specifically. Before finding Michigan Bank – Port Huron, Kerry was concerned due to their inexperience and excellent credit rating.

Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans range from $27,000.00 to $57,000.00. They are normally used to pay off existing high interest loans like credit cards. Kerry needed a debt consolidation loan to pay for their existing high risk loan and their payday loan. Kerry was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.6%.

7 Months Ago, Kerry Attempted to Find a High Risk Loan for $24,000.00, and it was Easy

There is an well known struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Kerry. Kerry decided not to obtain a high risk loan this time. High Risk loans are given to very low credit applicants. Borrowers with credit scores as low as 441 can apply for a high risk loan and have a chance to be accepted.

Paraphrased and Standardized Quote from Kerry for this high risk loan of $54000, provided by Michigan Bank – Port Huron

Hello, I am Kerry and I’m from Port Huron in Michigan. St. Clair, county is where I grew up, and now I need a high risk loan in Michigan for $54000 to renovate my home. It has been difficult, but Michigan Bank – Port Huron really came through for me with this loan for 6.0% interest APR and a term of 12 years. I will repay the loan over the 12 year term, including interest. A big thanks to Michigan Bank – Port Huron for giving me a chance and my excellent credit. It look me 9 years to create my credit to 746, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Fast Loans for Kerry in Port Huron, Michigan to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Port Huron, Michigan aren’t actually that difficult to obtain, particularly if you have some gumption like Kerry. Kerry was able to find a fast loan for $54000 from First of America Bank – Mid Michigan, National Association and Chemical Bank Cass City, but turned down both offers in favor of their high risk loan from Michigan Bank – Port Huron. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better if a borrower is in a time sensitive situation.

Previous requests on Kerry’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$120630.00 5 7.8% $2434.41 Society Bank, Lenawee February 24, 2011
$121220.00 8 11.4% $1930.43 Bank of Lenawee December 5, 2012
$121460.00 4 7.1% $2914.15 First of America Bank – Alpena February 25, 2014
$120720.00 9 11.7% $1812.68 NBD Ann Arbor, National Association August 6, 2014

Kerry’s Transunion score was altered by the high risk loan loan, changing to 733 from 746, which is typical in our experience.

Transunion Score: 733

Kerry’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their disabled students teacher job and their future job as a history professor

Fico Score: 746

Before applying for this high risk loan, Kerry had an Experian score of 756, which is excellent, so Michigan Bank – Port Huron most likely can provide Kerry a high risk loan

Experian Score: 756

Installment loan for Kerry, a graduate of Ferris State University and a disabled students teacher working for over $74,000 per year

Kerry, an alumnus at Ferris State University and a disabled students teacher in Port Huron, Michigan needs a high risk loan to purchase a car. Kerry has instead decided to get an installment loan for $7,000 and is currently seeking lenders like Bank of Lenawee to process their request.

Personal Loan for a disabled students teacher named Kerry in Port Huron, Michigan to Pay Off Lane Bryant Credit Card

Kerry had a tonne of credit card debt on their Fifth Third Bank Secured MasterCard and their Market America Platinum MasterCard, and they were starting to get in over their heads. Despite Kerry’s job as a disabled students teacher, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Conclusion of Kerry’s high risk loan

In the end, Kerry was able to find a high risk loan for $54000 with an interest rate of 11.8% interest APR from Michigan Bank – Port Huron in Port Huron, Michigan repayable over 12 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.