$6000 Private Loan – Ostrander Minnesota, Credit Rating Of 501
- Experian: 513 – They had a fair Experian rating
- Transunion: 488 – Chong had a fair credit score with Transunion.
- Equifax: Chong’s Experian score was 501, which is a fair credit score on the Experian scale.
Previous requests on Chong’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$98640.00||6||6.7%||$1667.54||Marquette Bank Cannon Falls||August 14, 2013|
|$99480.00||10||6.1%||$1109.43||Root River State Bank||October 13, 2014|
|$99160.00||9||5.4%||$1161.28||Clinton State Bank||May 12, 2015|
|$98550.00||4||7.5%||$2382.83||Peoples State Bank of Plainview||August 4, 2015|
Contact Details for Ostrander State Bank, the provider of this private loan
- Ostrander State Bank
- City: Ostrander
- State: Minnesota
- Address: Main Street
- County: Fillmore
- Zip code: 55961
Chong’s Overall FICO score at the time of acceptance for a private loan, taking into account their title examiner job and their future career as a budget accountant
Installment loan for Chong, a graduate of NewSchool of Architecture and Design and a title examiner working for over $74,000 per year
Chong, an alumnus at NewSchool of Architecture and Design and a title examiner in Ostrander, Minnesota wants a private loan to purchase a car. Chong has instead decided to get an installment loan for $18,000 and is at present seeking lenders like Farmers and Merchants State Bank of Lamberton to process their request.
6 Months Ago, Chong Tried Finding a High Risk Loan for $26,000.00, and it was Easy
There is an well known struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Chong. Chong decided not to get a high risk loan this time. High Risk loans are given to bad credit applicants. Clients with credit ratings as low as 396 can inquire for a high risk loan and have a chance to be accepted.
Chong was not approved by Citizens Alliance Bank 7 times prior to being approved by Ostrander State Bank at Main Street
On August 9, 2009, Chong applied about borrowing $31,000 from Minnwest Bank Central with Jacqui, their friend from just outside Ostrander, and even with the co-signer, Chong was rejected for this private loan. With fair credit, it can be a challenge to obtain funding, even with collateral and a co-signer.
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans vary from $29,000.00 to $56,000.00. They are normally used to pay off existing high interest loans like credit cards. Chong needed a debt consolidation loan to pay for their existing private loan and their credit card. Chong was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your dirty, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.6%.
Chong’s Transunion score was altered by the private loan loan, changing to 488 from 501, which is typical in our experience.
When Chong was 22, they tried to obtain a student loan from 5 different lenders, which harmed their credit rating. Below is a list of Chong’s previous attempts at finding a student loan:
- Attempt 1) Loan for $32,000.00 on November 9, 2008
- Attempt 2) Loan for $33,000.00 on December 26, 2011
- Attempt 3) Loan for $22,000.00 on May 23, 2011
- Attempt 4) Loan for $27,000.00 on February 23, 2010
- Attempt 5) Loan for $35,000.00 on June 19, 2012
Chong has a low current yearly income, but has several of prospects
Chong has always wanted to be a budget accountant, but would need attend NewSchool of Architecture and Design again to become one. Chong has other possibilities as well, including electrical drafter, cabinet maker, and cartographic technician, which pay $56,000 through to $106,000 per year, at least. For this reason, we think that Chong can pay for this private loan of $6000.
Personal Loan for a title examiner named Chong in Ostrander, Minnesota to Pay Off Gospelville Visa Platinum Rewards Card
Chong had a lot of credit card debt on their Boy Scouts of America Discover Credit Card and their BankAmericard Credit Card for Students, and they were starting to get in over their heads. Despite Chong’s job as a title examiner, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Paraphrased and Standardized Quote from Chong for this private loan of $6000, provided by Ostrander State Bank
Hello, I am Chong and I am from Ostrander in Minnesota. Fillmore, county is where I grew up, and now I need a private loan in Minnesota for $6000 to pay bills. It wasn’t easy, but Ostrander State Bank really came through for me with this loan for 8.0% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to Ostrander State Bank for trusting me and my fair credit. It look me 9 years to create my credit to 501, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.
- Full name (Changed if requested): Chong Vilar
- Current Credit: loans.hit.utils.Fico@6438a396
- Current City: Ostrander
- State: Minnesota
- Zip code: 55964
- Yearly income: $58,000
- Current Job: title examiner
- Current County: Fillmore
- Goal Yearly Income: $118,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Fast Loans for Chong in Ostrander, Minnesota to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Ostrander, Minnesota aren’t actually that difficult to obtain, particularly if you have some finesse like Chong. Chong was able to find a fast loan for $6000 from American Bank Mankato and First State Bank, Lake Lillian, Minnesota, but turned down both offers in favor of their private loan from Ostrander State Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better if a client is in a time sensitive situation.
Several previous requests for credit have been made by Chong in the past, including one from The First National Bank of Jasper in Ostrander, Minnesota before Chong was accepted for the $6000 by Ostrander State Bank
Chong made 5 previous tries to obtain a private loan, 2 of which were with The First National Bank of Jasper, a lending institution in Ostrander, Minnesota known to specialize in private loans specifically. Before finding Ostrander State Bank, Chong was concerned due to their inexperience and fair credit score.
Signature Loan found in Ostrander, Minnesota for $6000 with fair credit by Chong
A lot of borrowers struggle with obtaining signature loans in Ostrander, Minnesota, and Chong is the same. Chong went to 8 lending institutions or more prior to settling on Ostrander State Bank, who offered Chong a signature loan for $6000. Most signature loans simply require a client, like Chong’s signature to get them, up to $20,000 in some cases. Chong was able to get $6000 as a private loan, which is very high for a private loan. Since signature loans do not need collateral, these loans generally need improved credit, as high as 732
Before applying for this private loan, Chong had an Experian score of 513, which is fair, so Ostrander State Bank likely cannot provide Chong a private loan
Conclusion of Chong’s private loan
In the end, Chong was able to find a private loan for $6000 with an interest rate of 10.0% interest APR from Ostrander State Bank in Ostrander, Minnesota repayable over 12 years from now.