$18000 Debt Consolidation Loan – Caledonia Minnesota, Credit Score Of 659
- Experian: 669 – The client had a good Experian rating
- Transunion: 643 – Jann had a good credit rating with Transunion.
- Equifax: Jann’s Experian score was 659, which is a good credit score with the Experian scale.
Contact Details for Community First National Bank of Caledonia, the provider of this debt consolidation loan
- Community First National Bank of Caledonia
- City: Caledonia
- State: Minnesota
- Address: 124 East Grove Street
- County: Houston
- Zip code: 55921
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $36,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Jann needed a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Jann was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your dirty, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.7%.
6 Months Ago, Jann Tried Finding a High Risk Loan for $37,000.00, but They Didn’t Find What They were Expecting
It is an ongoing struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Jann. Jann chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit individuals. Individuals with credit scores as low as 456 can inquire for a high risk loan and may be be approved.
Personal Loan for an occupational safety & health inspector named Jann in Caledonia, Minnesota to Pay Off Merrill Lynch Business Signature Rewards
Jann had a tonne of credit card debt on their Old Navy Visa Card and their EverBank EverCard Visa Platinum, and they were starting to get in over their heads. Despite Jann’s job as an occupational safety & health inspector, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Previous requests on Jann’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$48190.00||10||7.7%||$577.07||Marquette Bank Cannon Falls||October 28, 2012|
|$47830.00||5||5.2%||$907.0||Root River State Bank||February 21, 2013|
|$48140.00||10||5.1%||$512.96||Clinton State Bank||May 11, 2013|
|$48450.00||4||11.4%||$1261.65||Peoples State Bank of Plainview||November 16, 2013|
|$48300.00||4||5.6%||$1125.49||Security State Bank of Wykoff||July 22, 2014|
Jann’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their occupational safety & health inspector job and their future career as an orthodontist
Jann was not approved by Peoples State Bank of Plainview 7 times before being approved by Community First National Bank of Caledonia at 124 East Grove Street
On September 7, 2011, Jann inquired about borrowing $28,000 from Citizens State Bank of Green Isle with Dominique, their in law from just outside Caledonia, and even with the co-signer, Jann was rejected for this debt consolidation loan. With good credit, it can be challenging to obtain funding, even with collateral and a co-signer.
Multiple previous requests for credit have been made by Jann in the past, including one from Valley Bank of Brownsville in Caledonia, Minnesota before Jann was accepted for the $18000 by Community First National Bank of Caledonia
Jann made 5 prior attempts to obtain a debt consolidation loan, 2 of which were with Valley Bank of Brownsville, a bank in Caledonia, Minnesota known to specialize in debt consolidation loans specifically. Prior to finding Community First National Bank of Caledonia, Jann was very concerned due to their inexperience and good credit rating.
Paraphrased and Standardized Quote from Jann for this debt consolidation loan of $18000, provided by Community First National Bank of Caledonia
Hi, I am Jann and I am from Caledonia in Minnesota. Houston, county is where I grew up, and now I need a debt consolidation loan in Minnesota for $18000 to renovate my home. It wasn’t easy, but Community First National Bank of Caledonia really came through for me with this loan for 8.0% interest APR and a term of 17 years. I will repay the loan over the 17 year term, including interest. A big thanks to Community First National Bank of Caledonia for trusting me and my good credit. It look me 5 years to create my credit to 659, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.
Signature Loan easily acquired in Caledonia, Minnesota for $18000 with good credit by Jann
Many clients struggle with obtaining signature loans in Caledonia, Minnesota, and Jann is no exception. Jann went to 8 lenders or more prior to finding Community First National Bank of Caledonia, who offered Jann a signature loan for $18000. Typical signature loans simply need a client, like Jann’s signature to obtain them, up to $41,000 in some cases. Jann was able to get $18000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans do not require collateral, they generally require higher credit, as high as 722
Installment loan for Jann, a graduate of YTI Career Institute – Capital Region and an occupational safety & health inspector working for over $77,000 per year
Jann, an alumnus at YTI Career Institute – Capital Region and an occupational safety & health inspector in Caledonia, Minnesota wants a debt consolidation loan to purchase a new cell phone. Jann has instead chosen to get an installment loan for $10,000 and is currently seeking lenders like State Bank of Danvers to process their request.
When Jann was 19, they attempted to obtain a student loan from 7 different lenders, which damaged their credit score. Below is a chronology of Jann’s previous attempts at finding a student loan:
- Attempt 1) Loan for $26,000.00 on March 3, 2010
- Attempt 2) Loan for $22,000.00 on October 18, 2011
- Attempt 3) Loan for $38,000.00 on February 11, 2009
- Attempt 4) Loan for $31,000.00 on September 20, 2010
- Attempt 5) Loan for $25,000.00 on November 26, 2009
- Attempt 6) Loan for $25,000.00 on April 10, 2013
- Attempt 7) Loan for $33,000.00 on March 4, 2010
- Full name (Changed if requested): Jann Huebsch
- Current Credit: loans.hit.utils.Fico@30946e09
- Current City: Caledonia
- State: Minnesota
- Zip code: 55929
- Yearly income: $43,000
- Current Job: occupational safety & health inspector
- Current County: Houston
- Goal Yearly Income: $98,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000
Before applying for this debt consolidation loan, Jann had an Experian score of 669, which is good, so Community First National Bank of Caledonia probably cannot provide Jann a debt consolidation loan
Fast Loans for Jann in Caledonia, Minnesota to prevent bankruptcy or harm from debt collectors.
Fast loans in Caledonia, Minnesota aren’t actually that difficult to obtain, particularly if you have some gumption like Jann. Jann was able to find a fast loan for $18000 from Lake Area Bank and Lakes State Bank, but declined both offers in favor of their debt consolidation loan from Community First National Bank of Caledonia. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big difference if a client is on the go.
Jann has a very low current total income, but has several of prospects
Jann has always wanted to be an orthodontist, but would have to attend YTI Career Institute – Capital Region again to become one. Jann has other possibilities as well, including speech pathologist, insurance adjuster, and cement mason, which pay $52,000 through to $105,000 per year, at least. For this reason, we believe that Jann can afford this debt consolidation loan of $18000.
Jann’s Transunion score was changed by the debt consolidation loan loan, changing to 643 from 659, which is typical in our experience.
Conclusion of Jann’s debt consolidation loan
In the end, Jann was able to find a debt consolidation loan for $18000 with an interest rate of 11.0% interest APR from Community First National Bank of Caledonia in Caledonia, Minnesota repayable over 17 years from today.