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9 Month, Variable Interest Secured Loan For Fred In Utah

$33000 Secured Loan – Salt Lake City Utah, Credit Rating Of 567

  • Experian: 582 – This individual had a fair Experian rating
  • Transunion: 549 – Fred had a fair credit rating with Transunion.
  • Equifax: Fred’s Experian score was 567, which is a fair credit score on the Experian system.

Fred’s Transunion score was altered by the secured loan loan, changing to 549 from 567, which is normal in our experience.

Transunion Score: 549

Fast Loans for Fred in Salt Lake City, Utah to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Salt Lake City, Utah aren’t actually that difficult to obtain, particularly if you have some gumption like Fred. Fred was able to find a fast loan for $33000 from Carbon Emery Bank and Deseret Bank, but turned down both offers in favor of their secured loan from Pioneer State 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 5 weeks for debt consolidation loans. A big difference if a borrower is on the go.

Signature Loan acquired in Salt Lake City, Utah for $33000 with fair credit by Fred

A lot of clients struggle with finding signature loans in Salt Lake City, Utah, and Fred is no different. Fred went to 4 lending institutions or more prior to settling on Pioneer State Bank, who offered Fred a signature loan for $33000. Typical signature loans simply require a client, like Fred’s signature to obtain them, up to $42,000 in some cases. Fred was able to get $33000 as a secured loan, which is very high for a secured loan. Since signature loans do not require collateral, they tend to require improved credit, as high as 739

Contact Details for Pioneer State Bank, the provider of this secured loan

  • Pioneer State Bank
  • City: Salt Lake City
  • State: Utah
  • Address: 311 South State Street
  • County: Salt Lake
  • Zip code: 84111

When Fred was 18, they attempted to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a chronology of Fred’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on January 23, 2012
  • Attempt 2) Loan for $33,000.00 on April 22, 2013
  • Attempt 3) Loan for $21,000.00 on June 27, 2010
  • Attempt 4) Loan for $32,000.00 on September 22, 2010
  • Attempt 5) Loan for $31,000.00 on October 1, 2009
  • Attempt 6) Loan for $25,000.00 on December 7, 2010

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

Normal debt consolidation loans vary from $29,000.00 to $55,000.00. They are mainly used to pay off existing high interest loans like credit cards. Fred needed a debt consolidation loan to pay for their existing secured loan and their payday loan. Fred was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.4%.

Installment loan for Fred, a graduate of University of Wyoming and a building inspector working for over $67,000 per year

Fred, an alumnus at University of Wyoming and a building inspector in Salt Lake City, Utah needs a secured loan to purchase a house. Fred has instead chosen to obtain an installment loan for $28,000 and is currently seeking lenders like Barnes Banking Company to process their request.

Previous requests on Fred’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$145210.00 10 10.4% $1951.27 Bank of Ephraim May 6, 2011
$145260.00 5 11.7% $3209.25 Gunnison Valley Bank November 14, 2013
$144840.00 5 6.4% $2827.18 The Helper State Bank February 5, 2015
$144800.00 7 11.7% $2532.94 Barnes Banking Company March 11, 2015
$144630.00 9 6.7% $1786.88 KeyBank National Association April 16, 2015

Fred has a sad current yearly income, but has several of prospects

Fred has always wanted to be an electronics engineer, but would need attend University of Wyoming again to become one. Fred has other possibilities as well, including tour guide, computer hardware technician, and travel agent, which pay $56,000 through to $97,000 per year, on average. For this reason, we think that Fred can pay for this secured loan of $33000.

Several previous requests for credit have been made by Fred in the past, including one from La Fontaine Bank in Salt Lake City, Utah before Fred was accepted for the $33000 by Pioneer State Bank

Fred made 5 prior attempts to obtain a secured loan, 2 of which were with La Fontaine Bank, a lending institution in Salt Lake City, Utah known to specialize in secured loans specifically. Prior to finding Pioneer State Bank, Fred was concerned due to their inexperience and fair credit rating.

Before applying for this secured loan, Fred had an Experian score of 582, which is fair, so Pioneer State Bank most likely cannot provide Fred a secured loan

Experian Score: 582

Personal Loan for a building inspector named Fred in Salt Lake City, Utah to Pay Off Citizens Bank Clear Value MasterCard

Fred had a lot of credit card debt on their Merrill Lynch EMA Signature Rewards and their PNC Bank Cash Rewards Visa Signature Business Card, and they were starting to get in over their heads. Despite Fred’s job as a building inspector, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Fred’s Overall FICO score at the time of acceptance for a secured loan, taking into account their building inspector job and their future job as an electronics engineer

Fico Score: 567

6 Months Ago, Fred Tried to Find a High Risk Loan for $42,000.00, and it was Hard

There is an existing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Fred. Fred chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit clients. Clients with credit ratings as low as 318 can apply for a high risk loan and have a chance to be approved.

Client Profile: Fred Argro of Salt Lake City, Utah
  • Full name (Changed if requested): Fred Argro
  • Current Credit: loans.hit.utils.Fico@1b701da1
  • Current City: Salt Lake City
  • State: Utah
  • Zip code: 84116
  • Yearly income: $37,000
  • Current Job: building inspector
  • Current County: Salt Lake
  • Goal Yearly Income: $108,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Paraphrased and Standardized Quote from Fred for this secured loan of $33000, provided by Pioneer State Bank

Hi, I am Fred and I’m from Salt Lake City in Utah. Salt Lake, county is where I grew up, and now I need a secured loan in Utah for $33000 to avoid bankruptcy. It has been difficult, but Pioneer State Bank really came through for me with this loan for 9.4% interest APR and a term of 9 years. I can repay the loan over the 9 year term, including interest. A big thanks to Pioneer State Bank for trusting me and my fair credit. It look me 9 years to build my credit to 567, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Fred was not approved by Central Bank 5 times before being accepted by Pioneer State Bank at 311 South State Street

On April 9, 2009, Fred inquired about borrowing $7,000 from Gunnison Valley Bank with Mallie, their in law from just outside Salt Lake City, and even with the co-signer, Fred was rejected for this secured loan. With fair credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Conclusion of Fred’s secured loan

In the end, Fred was able to find a secured loan for $33000 with an interest rate of 8.6% interest APR from Pioneer State Bank in Salt Lake City, Utah repayable over 9 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.