$124000 Private Loan – Maynard Minnesota, Credit Rating Of 525
- Experian: 537 – This client had a fair Experian rating
- Transunion: 512 – Omer had a fair credit score with Transunion.
- Equifax: Omer’s Experian score was 525, which is a fair credit rating on the Experian rating scheme.
Omer was rejected by Minnwest Bank Central 7 times before being granted funding by Security State Bank of Maynard at Main Street
On April 3, 2011, Omer inquired about borrowing $30,000 from Peoples State Bank of Plainview with Gaye, their friend from just outside Maynard, and even with the co-signer, Omer was rejected for this private loan. With fair credit, it can be challenging to procure financing, even with collateral and a co-signer.
Contact Details for Security State Bank of Maynard, the provider of this private loan
- Security State Bank of Maynard
- City: Maynard
- State: Minnesota
- Address: Main Street
- County: Chippewa
- Zip code: 56260
Omer’s Overall FICO score at the time of acceptance for a private loan, taking into account their narcotics investigator job and their future job as a recreational protective service worker
Before applying for this private loan, Omer had an Experian score of 537, which is fair, so Security State Bank of Maynard probably cannot provide Omer a private loan
Previous requests on Omer’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$91390.00||7||6.4%||$1352.67||Marquette Bank Cannon Falls||December 14, 2008|
|$90540.00||8||10.1%||$1378.66||Root River State Bank||January 30, 2010|
|$91400.00||9||11.6%||$1367.3||Clinton State Bank||May 5, 2012|
|$91160.00||11||8.6%||$1070.31||Peoples State Bank of Plainview||July 24, 2012|
|$90890.00||3||9.5%||$2911.47||Security State Bank of Wykoff||September 23, 2012|
- Full name (Changed if requested): Omer Prevette
- Current Credit: loans.hit.utils.Fico@1a6c5a9e
- Current City: Maynard
- State: Minnesota
- Zip code: 56261
- Yearly income: $46,000
- Current Job: narcotics investigator
- Current County: Chippewa
- Goal Yearly Income: $125,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Omer has a very low current yearly income, but has several of prospects
Omer has always wanted to be a recreational protective service worker, but would need attend Electronic Data Processing College of Puerto Rico again to become one. Omer has other possibilities as well, including recreational therapist, middle school teacher, and office supervisor, which pay $55,000 through to $93,000 per year, at least. Because of this, we believe that Omer can afford this private loan of $124000.
Installment loan for Omer, a graduate of Electronic Data Processing College of Puerto Rico and a narcotics investigator working for over $71,000 per year
Omer, an alumnus at Electronic Data Processing College of Puerto Rico and a narcotics investigator in Maynard, Minnesota wants a private loan to purchase a car. Omer has instead decided to obtain an installment loan for $3,000 and is at present seeking lenders like Norwest Bank Sauk Rapids, National Association to provide it.
Fast Loans for Omer in Maynard, Minnesota to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Maynard, Minnesota aren’t actually that difficult to obtain, particularly if you have some gumption like Omer. Omer was able to find a fast loan for $124000 from Marquette Bank Cannon Falls and Minnwest Bank Central, but declined both offers in favor of their private loan from Security State Bank of Maynard. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference in the case that a borrower is in a time sensitive situation.
Paraphrased and Standardized Quote from Omer for this private loan of $124000, provided by Security State Bank of Maynard
Hello, I am Omer and I’m from Maynard in Minnesota. Chippewa, county is where I grew up, and now I need a private loan in Minnesota for $124000 to avoid bankruptcy. It wasn’t easy, but Security State Bank of Maynard really came through for me with this loan for 10.7% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to Security State Bank of Maynard for giving me a chance and my fair credit. It look me 5 years to build my credit to 525, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.
Signature Loan found in Maynard, Minnesota for $124000 with fair credit by Omer
Most clients have difficulty with finding signature loans in Maynard, Minnesota, and Omer is no exception. Omer went to 7 lenders or more before finding Security State Bank of Maynard, who offered Omer a signature loan for $124000. Most signature loans simply require a client, like Omer’s signature to obtain them, up to $37,000 in some cases. Omer was able to get $124000 as a private loan, which is very high for a private loan. Because signature loans don’t need a cosigner, they generally require better credit, as high as 718
When Omer was 23, they attempted to obtain a student loan from 6 alternate banks, which harmed their credit score. Below is a list of Omer’s prior attempts at finding a student loan:
- Attempt 1) Loan for $30,000.00 on January 30, 2012
- Attempt 2) Loan for $25,000.00 on May 24, 2011
- Attempt 3) Loan for $32,000.00 on August 15, 2011
- Attempt 4) Loan for $32,000.00 on October 19, 2009
- Attempt 5) Loan for $27,000.00 on March 28, 2013
- Attempt 6) Loan for $38,000.00 on April 17, 2012
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans vary from $32,000.00 to $54,000.00. They are mainly used to pay off existing high interest loans like credit cards. Omer required a debt consolidation loan to pay for their existing private loan and their payday loan. Omer was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.7%.
6 Months in the Past, Omer Attempted to Find a High Risk Loan for $27,000.00, and it was Easy
There is an ongoing struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Omer. Omer decided not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Clients with credit scores as low as 469 can inquire for a high risk loan and have a chance to be approved.
Personal Loan for a narcotics investigator named Omer in Maynard, Minnesota to Pay Off Steuben Trust College Rewards Visa Card
Omer had a lot of credit card debt on their Fifth Third Secured Card and their Zions Bank AmaZing Rate Credit Card, and they were starting to get in over their heads. Despite Omer’s job as a narcotics investigator, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Several previous requests for credit have been made by Omer in the past, including one from The First National Bank of Lindsay in Maynard, Minnesota before Omer was accepted for the $124000 by Security State Bank of Maynard
Omer made 7 previous tries to obtain a private loan, 2 of which were with The First National Bank of Lindsay, a bank in Maynard, Minnesota known to specialize in private loans specifically. Prior to finding Security State Bank of Maynard, Omer was very concerned due to their inexperience and fair credit rating.
Omer’s Transunion score was altered by the private loan loan, changing to 512 from 525, which is typical in our experience.
Conclusion of Omer’s private loan
In the end, Omer was able to find a private loan for $124000 with an interest rate of 10.2% interest APR from Security State Bank of Maynard in Maynard, Minnesota repayable over 22 years from now.