$136000 Consolidation Loan – Madison Wisconsin, Credit Score Of 301
- Experian: 318 – The client had a terrible Experian rating
- Transunion: 283 – Jan had a terrible credit score with Transunion.
- Equifax: Jan’s Experian score was 301, which is a terrible credit rating using the Experian scale.
7 Months Ago, Jan Attempted Finding a High Risk Loan for $25,000.00, but They Didn’t Find What They were Expecting
It is an ongoing struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Jan. Jan chose not to obtain a high risk loan this time. High Risk loans are given to very low credit clients. Individuals with credit ratings as low as 537 can apply for a high risk loan and possibly can be approved.
Fast Loans for Jan in Madison, Wisconsin to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Madison, Wisconsin aren’t actually that difficult to obtain, especially if you have some finesse like Jan. Jan was able to find a fast loan for $136000 from M&I South Shore Bank and Continental Bank & Trust Co., but turned down both offers in favor of their consolidation loan from M&I Bank of Southern Wisconsin. The difference 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 debt consolidation loans. Much better in the case that a client is in a time sensitive situation.
Before applying for this consolidation loan, Jan had an Experian score of 318, which is terrible, so M&I Bank of Southern Wisconsin probably can provide Jan a consolidation loan
Jan’s Transunion score was changed by the consolidation loan loan, changing to 283 from 301, which is normal in our experience.
Contact Details for M&I Bank of Southern Wisconsin, the provider of this consolidation loan
- M&I Bank of Southern Wisconsin
- City: Madison
- State: Wisconsin
- Address: 1 West Main Street
- County: Dane
- Zip code: 53701
Jan has a sad current yearly income, but has several of prospects
Jan has always wanted to be a tax collector, but would have to attend Saint Mary’s University of Minnesota again to achieve it. Jan has other prospects as well, including animal husbandry worker supervisor, bank examiner, and order clerk, which pay $55,000 through to $101,000 per year, at least. Because of this, we believe that Jan can afford this consolidation loan of $136000.
Jan was not approved by S & C Bank, Chippewa 6 times before being granted funding by M&I Bank of Southern Wisconsin at 1 West Main Street
On March 14, 2011, Jan applied about borrowing $48,000 from Baylake Bank with France, their friend from just outside Madison, and even with the co-signer, Jan was rejected for this consolidation loan. With terrible credit, it can be a challenge to procure financing, even with collateral and a co-signer.
Previous requests on Jan’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$111650.00||10||5.5%||$1211.7||M&I Bank of Burlington||December 25, 2008|
|$112450.00||7||10.2%||$1878.44||M&I Marshall and Ilsley Bank||August 7, 2013|
|$111630.00||6||9.3%||$2028.85||Continental Bank & Trust Co.||August 21, 2013|
|$112190.00||8||8.3%||$1603.15||Clare Bank, National Association||April 29, 2014|
Installment loan for Jan, a graduate of Saint Mary’s University of Minnesota and a tax auditor working for over $74,000 per year
Jan, an alumnus at Saint Mary’s University of Minnesota and a tax auditor in Madison, Wisconsin wants a consolidation loan to purchase something frivolous. Jan has instead chosen to obtain an installment loan for $8,000 and is currently seeking lenders like Associated Bank Madison to process their request.
Paraphrased and Standardized Quote from Jan for this consolidation loan of $136000, provided by M&I Bank of Southern Wisconsin
Hello, I am Jan and my hometown is Madison in Wisconsin. Dane, county is where I grew up, and now I need a consolidation loan in Wisconsin for $136000 to buy a car. It has been difficult, but M&I Bank of Southern Wisconsin really came through for me with this loan for 7.5% interest APR and a term of 19 years. I can repay the loan over the 19 year term, including interest. A big thanks to M&I Bank of Southern Wisconsin for giving me a chance and my terrible credit. It look me 8 years to create my credit to 301, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.
- Full name (Changed if requested): Jan Kerens
- Current Credit: loans.hit.utils.Fico@7d4793a8
- Current City: Madison
- State: Wisconsin
- Zip code: 53703
- Yearly income: $58,000
- Current Job: tax auditor
- Current County: Dane
- Goal Yearly Income: $93,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Signature Loan found in Madison, Wisconsin for $136000 with terrible credit by Jan
Most clients have difficulty with finding signature loans in Madison, Wisconsin, and Jan is the same. Jan went to 6 lending institutions or more prior to finding M&I Bank of Southern Wisconsin, who offered Jan a signature loan for $136000. Most signature loans simply require a client, like Jan’s signature to get them, up to $43,000 in some cases. Jan was able to get $136000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not require a cosigner, these loans generally need higher credit, as high as 753
Personal Loan for a tax auditor named Jan in Madison, Wisconsin to Pay Off Sunoco Universal Fleet Card
Jan had a tonne of credit card debt on their Amalgamated Bank MasterCard Gold Plus and their Bangor Savings Bank Visa Business Bonus Rewards PLUS Card, and they were starting to get in over their heads. Despite Jan’s job as a tax auditor, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
When Jan was 24, they attempted to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Jan’s previous attempts at finding a student loan:
- Attempt 1) Loan for $29,000.00 on July 7, 2013
- Attempt 2) Loan for $24,000.00 on October 31, 2011
- Attempt 3) Loan for $26,000.00 on January 23, 2011
- Attempt 4) Loan for $21,000.00 on April 19, 2010
Several other requests for credit have been made by Jan in the past, including one from Bank of Corpus Christi in Madison, Wisconsin before Jan was accepted for the $136000 by M&I Bank of Southern Wisconsin
Jan made 5 previous attempts to obtain a consolidation loan, 2 of which were with Bank of Corpus Christi, a lender in Madison, Wisconsin known to specialize in consolidation loans specifically. Before finding M&I Bank of Southern Wisconsin, Jan was desperate due to their inexperience and terrible credit score.
Jan’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their tax auditor job and their future career as a tax collector
Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans range from $25,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Jan required a debt consolidation loan to pay for their existing consolidation loan and their credit card. Jan was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.3%.
Conclusion of Jan’s consolidation loan
In the end, Jan was able to find a consolidation loan for $136000 with an interest rate of 6.7% interest APR from M&I Bank of Southern Wisconsin in Madison, Wisconsin repayable over 19 years from now.