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Personal Loan With Very Low APR In Denver County, Colorado

$60000 Personal Loan – Denver Colorado, Credit Rating Of 493

  • Experian: 508 – This individual had a bad Experian score
  • Transunion: 476 – Meri had a bad credit rating with Transunion.
  • Equifax: Meri’s Experian score was 493, which is a bad credit score using the Experian rating scheme.

Paraphrased and Standardized Quote from Meri for this personal loan of $60000, provided by Cherry Creek National Bank – 17th Street

Hello, I am Meri and I’m from Denver in Colorado. Denver, county is where I grew up, and now I need a personal loan in Colorado for $60000 to avoid bankruptcy. It wasn’t easy, but Cherry Creek National Bank – 17th Street really came through for me with this loan for 11.1% interest APR and a term of 10 years. I will repay the loan over the 10 year term, including interest. A big thanks to Cherry Creek National Bank – 17th Street for trusting me and my bad credit. It look me 8 years to build my credit to 493, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.

Contact Details for Cherry Creek National Bank – 17th Street, the provider of this personal loan

  • Cherry Creek National Bank – 17th Street
  • City: Denver
  • State: Colorado
  • Address: 444 17th Street
  • County: Denver
  • Zip code: 80202

Installment loan for Meri, a graduate of Concordia University Chicago and an electrical technician working for over $60,000 per year

Meri, an alumnus at Concordia University Chicago and an electrical technician in Denver, Colorado needs a personal loan to purchase a car. Meri has instead chosen to obtain an installment loan for $23,000 and is currently seeking lenders like Wells Fargo Bank West, National Association to process their request.

Signature Loan found in Denver, Colorado for $60000 with bad credit by Meri

Many clients have difficulty with obtaining signature loans in Denver, Colorado, and Meri is no different. Meri went to 4 lending institutions or more prior to finding Cherry Creek National Bank – 17th Street, who offered Meri a signature loan for $60000. Typical signature loans simply need a client, like Meri’s signature to obtain them, up to $35,000 in some cases. Meri was able to get $60000 as a personal loan, which is very high for a personal loan. Since signature loans do not require a cosigner, they tend to need improved credit, as high as 706

Several other requests for credit have been made by Meri in the past, including one from Western Bank-North Wilcrest, National Association in Denver, Colorado before Meri was approved for the $60000 by Cherry Creek National Bank – 17th Street

Meri made 6 prior attempts to obtain a personal loan, 2 of which were with Western Bank-North Wilcrest, National Association, a bank in Denver, Colorado known to specialize in personal loans specifically. Before finding Cherry Creek National Bank – 17th Street, Meri was very concerned due to their inexperience and bad credit score.

9 Months in the Past, Meri Tried Finding a High Risk Loan for $28,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for clients to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Meri. Meri chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Individuals with credit scores as low as 320 can inquire for a high risk loan and possibly can be accepted.

Fast Loans for Meri in Denver, Colorado to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Denver, Colorado aren’t actually that difficult to obtain, particularly if you have some gumption like Meri. Meri was able to find a fast loan for $60000 from Bank One, Colorado Springs, National Association and The State Bank, but declined both offers in favor of their personal loan from Cherry Creek National Bank – 17th Street. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big difference if you are in a time sensitive situation.

Personal Loan for an electrical technician named Meri in Denver, Colorado to Pay Off Baylor University Alumni Association Visa

Meri had a tonne of credit card debt on their U.S. Pride BankAmericard Cash Rewards Visa Card and their Marriott Rewards Business Credit Card, and they were starting to get in over their heads. Despite Meri’s job as an electrical technician, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Meri’s Transunion score was changed by the personal loan loan, changing to 476 from 493, which is typical in our experience.

Transunion Score: 476

Meri was declined by The National City Bank of Denver 4 times before being accepted by Cherry Creek National Bank – 17th Street at 444 17th Street

On April 5, 2012, Meri inquired about borrowing $22,000 from Colorado National Bank – Exchange with Yuette, their in law from just outside Denver, and even with the co-signer, Meri was rejected for this personal loan. With bad credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Meri has a disappointing current yearly income, but has several of prospects

Meri has always wanted to be a mine cutting machine operator, but would have to attend Concordia University Chicago again to become one. Meri has other prospects as well, including graphic designer, bus driver, and traffic administrator, which pay $57,000 through to $95,000 per year, at least. Because of this, we believe that Meri can pay for this personal loan of $60000.

Previous requests on Meri’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$80200.00 6 10.8% $1518.33 Affiliated National Bank – Delta September 23, 2013
$80460.00 5 5.5% $1536.88 Central Bank, National Association July 22, 2014
$79900.00 7 6.5% $1186.47 The Colorado Bank and Trust Company of La Junta February 9, 2015
$79770.00 10 6.4% $901.72 Colorado State Bank and Trust, N. A. July 31, 2015

Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $29,000.00 to $55,000.00. They are typically used to pay off existing high interest loans like credit cards. Meri needed a debt consolidation loan to pay for their existing personal loan and their payday loan. Meri was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.4%.

When Meri was 20, they attempted to obtain a student loan from 7 alternate lenders, which damaged their credit rating. Below is a list of Meri’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on March 10, 2011
  • Attempt 2) Loan for $24,000.00 on August 15, 2012
  • Attempt 3) Loan for $32,000.00 on June 29, 2009
  • Attempt 4) Loan for $38,000.00 on November 7, 2011
  • Attempt 5) Loan for $25,000.00 on November 13, 2011
  • Attempt 6) Loan for $36,000.00 on September 22, 2012
  • Attempt 7) Loan for $27,000.00 on December 27, 2011

Before applying for this personal loan, Meri had an Experian score of 508, which is bad, so Cherry Creek National Bank – 17th Street probably cannot provide Meri a personal loan

Experian Score: 508

Meri’s Overall FICO score at the time of acceptance for a personal loan, taking into account their electrical technician job and their future career as a mine cutting machine operator

Fico Score: 493

Client Profile: Meri Shinko of Denver, Colorado
  • Full name (Changed if requested): Meri Shinko
  • Current Credit: loans.hit.utils.Fico@6bf2d08e
  • Current City: Denver
  • State: Colorado
  • Zip code: 80205
  • Yearly income: $58,000
  • Current Job: electrical technician
  • Current County: Denver
  • Goal Yearly Income: $128,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Conclusion of Meri’s personal loan

In the end, Meri was able to find a personal loan for $60000 with an interest rate of 10.4% interest APR from Cherry Creek National Bank – 17th Street in Denver, Colorado repayable over 10 years from today.

Will Alexander

Will Alexander has over 10 years of experience as a financial expert and writer. The goal of his work is to assist the people of Texas in finding loans for lower interest rates than they thought were possible. Will specializes in bad credit loans.

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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.