$80000 Unsecured Loan – Virginia Minnesota, Credit Score Of 507
- Experian: 518 – This client had a fair Experian score
- Transunion: 495 – Roy had a fair credit rating with Transunion.
- Equifax: Roy’s Experian score was 507, which is a fair credit rating using the Experian scale.
Paraphrased and Standardized Quote from Roy for this unsecured loan of $80000, provided by Queen City Federal Savings Bank
Hello, I am Roy and I am from Virginia in Minnesota. St. Louis, county is where I grew up, and now I need a unsecured loan in Minnesota for $80000 to buy a car. It has been difficult, but Queen City Federal Savings Bank really came through for me with this loan for 11.8% interest APR and a term of 4 years. I can probably repay the loan over the 4 year term, including interest. A big thanks to Queen City Federal Savings Bank for trusting me and my fair credit. It look me 9 years to create my credit to 507, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.
Previous requests on Roy’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$129490.00||8||7.7%||$1810.88||Marquette Bank Cannon Falls||December 12, 2010|
|$128900.00||8||11.3%||$2045.73||Root River State Bank||June 7, 2011|
|$129260.00||8||9.4%||$1920.62||Clinton State Bank||August 8, 2012|
|$129110.00||4||11.5%||$3368.35||Peoples State Bank of Plainview||August 12, 2013|
Fast Loans for Roy in Virginia, Minnesota to prevent bankruptcy or harm from debt collectors.
Fast loans in Virginia, Minnesota aren’t actually that difficult to obtain, especially if you have some finesse like Roy. Roy was able to find a fast loan for $80000 from Citizens Alliance Bank and State Bank of Belle Plaine, but declined both offers in favor of their unsecured loan from Queen City Federal Savings Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better if a borrower is on the go.
9 Months Ago, Roy Attempted to Find a High Risk Loan for $21,000.00, and it was Hard
There is an well known struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Roy. Roy chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Individuals with credit ratings as low as 357 can apply for a high risk loan and possibly can be accepted.
Before applying for this unsecured loan, Roy had an Experian score of 518, which is fair, so Queen City Federal Savings Bank probably cannot provide Roy an unsecured loan
Contact Details for Queen City Federal Savings Bank, the provider of this unsecured loan
- Queen City Federal Savings Bank
- City: Virginia
- State: Minnesota
- Address: 501 Chestnut St
- County: St. Louis
- Zip code: 55792
Roy has a disappointing current gross income, but has a high number of prospects
Roy has always wanted to be a logging tractor operator, but would need attend Scholars Cosmetology University again to achieve it. Roy has other prospects as well, including air crew officer, subway and streetcar conductor, and preschool teacher, which pay $57,000 through to $90,000 per year, at least. Because of this, we believe that Roy can pay for this unsecured loan of $80000.
Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans range from $38,000.00 to $53,000.00. They are mainly used to pay off existing high interest loans like credit cards. Roy required a debt consolidation loan to pay for their existing unsecured loan and their credit card. Roy was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your bad, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 4.2%.
Personal Loan for a furniture designer named Roy in Virginia, Minnesota to Pay Off The Company Store Credit Card
Roy had a lot of credit card debt on their Tioga State Bank Visa Platinum Card and their OneWest Bank Lakers Credit Card, and they were starting to get in over their heads. Despite Roy’s job as a furniture designer, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Installment loan for Roy, a graduate of Scholars Cosmetology University and a furniture designer working for over $69,000 per year
Roy, an alumnus at Scholars Cosmetology University and a furniture designer in Virginia, Minnesota needs an unsecured loan to purchase a house. Roy has instead decided to obtain an installment loan for $5,000 and is at present seeking lenders like Princeton Bank to process their request.
Several past requests for credit have been made by Roy in the past, including one from First Farmers & Merchants National Bank in Virginia, Minnesota before Roy was approved for the $80000 by Queen City Federal Savings Bank
Roy made 7 previous attempts to obtain an unsecured loan, 2 of which were with First Farmers & Merchants National Bank, a lender in Virginia, Minnesota known to specialize in unsecured loans specifically. Before finding Queen City Federal Savings Bank, Roy was very concerned due to their inexperience and fair credit score.
When Roy was 23, they tried to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Roy’s previous attempts at finding a student loan:
- Attempt 1) Loan for $27,000.00 on May 29, 2009
- Attempt 2) Loan for $28,000.00 on November 30, 2012
- Attempt 3) Loan for $36,000.00 on October 7, 2010
- Attempt 4) Loan for $38,000.00 on March 20, 2011
Roy’s Transunion score was altered by the unsecured loan loan, changing to 495 from 507, which is normal in our experience.
Roy was not approved by O’Connor Bros. State Bank of Renville 4 times prior to being approved by Queen City Federal Savings Bank at 501 Chestnut St
On December 24, 2008, Roy inquired about borrowing $30,000 from First State Bank, Lake Lillian, Minnesota with Carlena, their in law from just outside Virginia, and even with the co-signer, Roy was rejected for this unsecured loan. With fair credit, it can be very hard to procure funding, even with collateral and a co-signer.
- Full name (Changed if requested): Roy Deus
- Current Credit: loans.hit.utils.Fico@76ccd017
- Current City: Virginia
- State: Minnesota
- Zip code: 55793
- Yearly income: $33,000
- Current Job: furniture designer
- Current County: St. Louis
- Goal Yearly Income: $115,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Signature Loan acquired in Virginia, Minnesota for $80000 with fair credit by Roy
Many clients have difficulty with finding signature loans in Virginia, Minnesota, and Roy is no different. Roy went to 7 lenders or more before finding Queen City Federal Savings Bank, who offered Roy a signature loan for $80000. Typical signature loans simply require a client, like Roy’s signature to obtain them, up to $33,000 in some cases. Roy was able to get $80000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans do not require a cosigner, they tend to need higher credit, as high as 744
Roy’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their furniture designer job and their future job as a logging tractor operator
Conclusion of Roy’s unsecured loan
In the end, Roy was able to find an unsecured loan for $80000 with an interest rate of 8.8% interest APR from Queen City Federal Savings Bank in Virginia, Minnesota repayable over 4 years from today.