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$126000 Consolidation Loan With Bad Credit In Missouri Valley Iowa

$126000 Consolidation Loan – Missouri Valley Iowa, Credit Score Of 411

  • Experian: 424 – The client had a bad Experian rating
  • Transunion: 393 – Catina had a bad credit rating with Transunion.
  • Equifax: Catina’s Experian score was 411, which is a bad credit score with the Experian rating scheme.

Personal Loan for a surgeon named Catina in Missouri Valley, Iowa to Pay Off Glens Falls National Bank & Trust Maximum Rewards Visa Card

Catina had a lot of credit card debt on their Avon Old Farms School Visa Card and their Glens Falls National Bank & Trust Platinum Edition Visa Card, and they were starting to get in over their heads. Despite Catina’s job as a surgeon, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Catina’s Transunion score was changed by the consolidation loan loan, changing to 393 from 411, which is typical in our experience.

Transunion Score: 393

Previous requests on Catina’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$135120.00 6 11.7% $2620.59 Mills County Bank National Association April 19, 2013
$134900.00 9 8.2% $1770.24 Postville State Bank September 16, 2014
$134850.00 5 10.8% $2918.53 Washington State Bank October 30, 2014
$135420.00 4 11.5% $3532.97 Rippey Savings Bank January 13, 2015
$135240.00 8 9.7% $2030.75 Iowa State Bank July 19, 2015

7 Months Ago, Catina Tried to Find a High Risk Loan for $44,000.00, and it was Hard

There is an well known struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Catina. Catina chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit applicants. Clients with credit scores as low as 426 can apply for a high risk loan and have a chance to be approved.

Before applying for this consolidation loan, Catina had an Experian score of 424, which is bad, so The First National Bank most likely cannot provide Catina a consolidation loan

Experian Score: 424

Fast Loans for Catina in Missouri Valley, Iowa to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Missouri Valley, Iowa aren’t actually that difficult to obtain, especially if you have some finesse like Catina. Catina was able to find a fast loan for $126000 from Ankeny State Bank and Rippey Savings Bank, but declined both offers in favor of their consolidation loan from The First National Bank. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. Much better if a client is on the go.

When Catina was 18, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit rating. Below is a list of Catina’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on August 14, 2013
  • Attempt 2) Loan for $39,000.00 on May 15, 2011
  • Attempt 3) Loan for $22,000.00 on April 15, 2010
  • Attempt 4) Loan for $27,000.00 on September 13, 2012
  • Attempt 5) Loan for $30,000.00 on February 19, 2011
  • Attempt 6) Loan for $29,000.00 on January 20, 2009

Signature Loan found in Missouri Valley, Iowa for $126000 with bad credit by Catina

Many borrowers struggle with finding signature loans in Missouri Valley, Iowa, and Catina is no different. Catina went to 8 lenders or more before finding The First National Bank, who offered Catina a signature loan for $126000. Most signature loans simply need a client, like Catina’s signature to get them, up to $22,000 in some cases. Catina was able to get $126000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not require a cosigner, they tend to require higher credit, as high as 797

Catina was not approved by Commercial Savings Bank 6 times before being accepted by The First National Bank at 321 East Erie Street

On April 27, 2011, Catina inquired about borrowing $41,000 from Mills County Bank National Association with Melina, their in law from just outside Missouri Valley, and even with the co-signer, Catina was rejected for this consolidation loan. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $28,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Catina needed a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Catina was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your bad, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 3.3%.

Catina has a low current gross income, but has a high number of prospects

Catina has always wanted to be a mill worker, but would have to attend Kansas City Art Institute again to become one. Catina has other prospects as well, including cartographic technician, industrial health engineer, and commercial diver, which pay $50,000 through to $104,000 per year, on average. Because of this, we believe that Catina can afford this consolidation loan of $126000.

Client Profile: Catina Cruther of Missouri Valley, Iowa
  • Full name (Changed if requested): Catina Cruther
  • Current Credit: loans.hit.utils.Fico@22d8cfe0
  • Current City: Missouri Valley
  • State: Iowa
  • Zip code: 51557
  • Yearly income: $44,000
  • Current Job: surgeon
  • Current County: Harrison
  • Goal Yearly Income: $122,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Catina’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their surgeon job and their future career as a mill worker

Fico Score: 411

Installment loan for Catina, a graduate of Kansas City Art Institute and a surgeon working for over $64,000 per year

Catina, an alumnus at Kansas City Art Institute and a surgeon in Missouri Valley, Iowa needs a consolidation loan to purchase a new cell phone. Catina has instead chosen to get an installment loan for $17,000 and is currently seeking lenders like American Interstate Bank to provide it.

Paraphrased and Standardized Quote from Catina for this consolidation loan of $126000, provided by The First National Bank

Hi, I am Catina and my hometown is Missouri Valley in Iowa. Harrison, county is where I grew up, and now I need a consolidation loan in Iowa for $126000 to avoid bankruptcy. It has been difficult, but The First National Bank really came through for me with this loan for 5.0% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to The First National Bank for giving me a chance and my bad credit. It look me 9 years to create my credit to 411, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Contact Details for The First National Bank, the provider of this consolidation loan

  • The First National Bank
  • City: Missouri Valley
  • State: Iowa
  • Address: 321 East Erie Street
  • County: Harrison
  • Zip code: 51555

Multiple other requests for credit have been made by Catina in the past, including one from Massachusetts Co-operative Bank in Missouri Valley, Iowa before Catina was accepted for the $126000 by The First National Bank

Catina made 9 prior attempts to obtain a consolidation loan, 2 of which were with Massachusetts Co-operative Bank, a bank in Missouri Valley, Iowa known to specialize in consolidation loans specifically. Before finding The First National Bank, Catina was concerned due to their inexperience and bad credit score.

Conclusion of Catina’s consolidation loan

In the end, Catina was able to find a consolidation loan for $126000 with an interest rate of 6.7% interest APR from The First National Bank in Missouri Valley, Iowa repayable over 22 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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