$16000 Quick Loan – Algona Iowa, Credit Score Of 477
- Experian: 490 – This client had a bad Experian score
- Transunion: 458 – Ricarda had a bad credit score with Transunion.
- Equifax: Ricarda’s Experian score was 477, which is a bad credit rating with the Experian scale.
- Full name (Changed if requested): Ricarda Dimario
- Current Credit: loans.hit.utils.Fico@7530d0a
- Current City: Algona
- State: Iowa
- Zip code: 50512
- Yearly income: $58,000
- Current Job: biology professor
- Current County: Kossuth
- Goal Yearly Income: $106,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Previous requests on Ricarda’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$100130.00||4||6.1%||$2356.15||Mills County Bank National Association||December 16, 2012|
|$100360.00||11||6.7%||$1076.61||Postville State Bank||June 26, 2014|
|$100120.00||10||5.3%||$1076.67||Washington State Bank||September 12, 2014|
|$100120.00||5||10.6%||$2156.93||Rippey Savings Bank||December 4, 2014|
Ricarda’s Transunion score was altered by the quick loan loan, changing to 458 from 477, which is normal in our experience.
Signature Loan easily acquired in Algona, Iowa for $16000 with bad credit by Ricarda
Most borrowers have difficulty with obtaining signature loans in Algona, Iowa, and Ricarda is no exception. Ricarda went to 4 lenders or more prior to settling on First Interstate Bank of Algona, who offered Ricarda a signature loan for $16000. Most signature loans simply need a client, like Ricarda’s signature to get them, up to $49,000 in some cases. Ricarda was able to get $16000 as a quick loan, which is very high for a quick loan. Since signature loans don’t require a cosigner, these loans generally require improved credit, as high as 734
Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans range from $30,000.00 to $42,000.00. They are mainly used to pay off existing high interest loans like credit cards. Ricarda required a debt consolidation loan to pay for their existing quick loan and their payday loan. Ricarda was able to find a quick loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.0%.
Before applying for this quick loan, Ricarda had an Experian score of 490, which is bad, so First Interstate Bank of Algona likely cannot provide Ricarda a quick loan
Ricarda has a low current yearly income, but has several of prospects
Ricarda has always wanted to be a sales representative, but would have to attend Hamline University again to achieve it. Ricarda has other prospects as well, including fish hatchery specialist, advertising account executive, and real estate appraiser, which pay $56,000 through to $92,000 per year, on average. For this reason, we think that Ricarda can afford this quick loan of $16000.
Contact Details for First Interstate Bank of Algona, the provider of this quick loan
- First Interstate Bank of Algona
- City: Algona
- State: Iowa
- Address: 1 East State Street
- County: Kossuth
- Zip code: 50511
When Ricarda was 18, they tried to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a chronology of Ricarda’s previous attempts at finding a student loan:
- Attempt 1) Loan for $33,000.00 on June 21, 2012
- Attempt 2) Loan for $22,000.00 on January 1, 2013
- Attempt 3) Loan for $28,000.00 on October 3, 2009
- Attempt 4) Loan for $28,000.00 on November 5, 2012
- Attempt 5) Loan for $35,000.00 on October 11, 2010
8 Months in the Past, Ricarda Tried Finding a High Risk Loan for $44,000.00, but They Didn’t Find What They were Expecting
It is an well known struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Ricarda. Ricarda chose not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Clients with credit scores as low as 429 can apply for a high risk loan and may be be accepted.
Installment loan for Ricarda, a graduate of Hamline University and a biology professor working for over $66,000 per year
Ricarda, an alumnus at Hamline University and a biology professor in Algona, Iowa wants a quick loan to purchase a new cell phone. Ricarda has instead decided to get an installment loan for $29,000 and is currently seeking lenders like First State Bank of Mapleton to process their request.
Fast Loans for Ricarda in Algona, Iowa to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Algona, Iowa aren’t actually that difficult to obtain, particularly if you have some gumption like Ricarda. Ricarda was able to find a fast loan for $16000 from Buffalo Savings Bank and Farmers State Bank, but declined both offers in favor of their quick loan from First Interstate Bank of Algona. 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 personal loans. Much better in the case that a borrower is in a time sensitive situation.
Multiple past requests for credit have been made by Ricarda in the past, including one from MRV Banks in Algona, Iowa before Ricarda was approved for the $16000 by First Interstate Bank of Algona
Ricarda made 5 prior attempts to obtain a quick loan, 2 of which were with MRV Banks, a lender in Algona, Iowa known to specialize in quick loans specifically. Before finding First Interstate Bank of Algona, Ricarda was very concerned due to their inexperience and bad credit score.
Paraphrased and Standardized Quote from Ricarda for this quick loan of $16000, provided by First Interstate Bank of Algona
Hello, I am Ricarda and I’m from Algona in Iowa. Kossuth, county is where I grew up, and now I need a quick loan in Iowa for $16000 to avoid bankruptcy. It wasn’t easy, but First Interstate Bank of Algona really came through for me with this loan for 10.6% interest APR and a term of 11 years. I can probably repay the loan over the 11 year term, including interest. A big thanks to First Interstate Bank of Algona for trusting me and my bad credit. It look me 8 years to create my credit to 477, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.
Personal Loan for a biology professor named Ricarda in Algona, Iowa to Pay Off NBT Bank Visa Signature Bonus Rewards PLUS Card
Ricarda had a tonne of credit card debt on their University of Pittsburgh Credit Cards and their CFCU Classic Visa, and they were starting to get in over their heads. Despite Ricarda’s job as a biology professor, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Ricarda was not approved by Mills County Bank National Association 4 times prior to being accepted by First Interstate Bank of Algona at 1 East State Street
On November 11, 2012, Ricarda inquired about borrowing $25,000 from Oakland Savings Bank with Ike, their in law from just outside Algona, and even with the co-signer, Ricarda was rejected for this quick loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Ricarda’s Overall FICO score at the time of acceptance for a quick loan, taking into account their biology professor job and their future career as a sales representative
Conclusion of Ricarda’s quick loan
In the end, Ricarda was able to find a quick loan for $16000 with an interest rate of 5.0% interest APR from First Interstate Bank of Algona in Algona, Iowa repayable over 11 years from now.