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$21000 High Risk Loan With Good Credit In Raleigh North Carolina

$21000 High Risk Loan – Raleigh North Carolina, Credit Rating Of 650

  • Experian: 666 – This client had a good Experian rating
  • Transunion: 633 – Lorean had a good credit score with Transunion.
  • Equifax: Lorean’s Experian score was 650, which is a good credit rating with the Experian rating scheme.

Lorean was not approved by Commercial & Farmers Bank 5 times before being approved by Raleigh Federal Savings Bank at 219 Fayetteville Street Mall

On February 3, 2010, Lorean inquired about borrowing $31,000 from Citizens State Bank with Harland, their friend from just outside Raleigh, and even with the co-signer, Lorean was rejected for this high risk loan. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.

Personal Loan for a marine/port engineer named Lorean in Raleigh, North Carolina to Pay Off Citgo Celebrity Credit Card

Lorean had a tonne of credit card debt on their Scrapbook Rewards Visa and their Eddie Bauer Credit Card, and they were starting to get in over their heads. Despite Lorean’s job as a marine/port engineer, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Fast Loans for Lorean in Raleigh, North Carolina to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Raleigh, North Carolina aren’t actually that difficult to obtain, particularly if you have some finesse like Lorean. Lorean was able to find a fast loan for $21000 from The East Carolina Bank and Commercial & Farmers Bank, but turned down both offers in favor of their high risk loan from Raleigh Federal Savings 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 7 weeks for installment loans. A big improvement if a client is in a time sensitive situation.

6 Months in the Past, Lorean Tried to Find a High Risk Loan for $43,000.00, and it was Easy

There is an ongoing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Lorean. Lorean decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Clients with credit scores as low as 483 can inquire for a high risk loan and may be be approved.

Paraphrased and Standardized Quote from Lorean for this high risk loan of $21000, provided by Raleigh Federal Savings Bank

Hi, I am Lorean and I’m from Raleigh in North Carolina. Wake, county is where I grew up, and now I need a high risk loan in North Carolina for $21000 to buy a big ticket item. It wasn’t easy, but Raleigh Federal Savings Bank really came through for me with this loan for 10.8% interest APR and a term of 1 years. I will repay the loan over the 1 year term, including interest. A big thanks to Raleigh Federal Savings Bank for trusting me and my good credit. It look me 8 years to create my credit to 650, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.

Previous requests on Lorean’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$31300.00 7 9.8% $516.39 The Farmers Bank of Seaboard February 1, 2010
$31240.00 9 5.2% $362.82 The Bank of Raeford June 10, 2013
$30570.00 3 7.8% $955.13 The Bank of Coleridge September 2, 2013
$30790.00 7 11.6% $536.96 Farmers Bank of Sunbury June 21, 2014

Contact Details for Raleigh Federal Savings Bank, the provider of this high risk loan

  • Raleigh Federal Savings Bank
  • City: Raleigh
  • State: North Carolina
  • Address: 219 Fayetteville Street Mall
  • County: Wake
  • Zip code: 27601

Multiple other requests for credit have been made by Lorean in the past, including one from The Citizens and Southern Bank of Clayton County in Raleigh, North Carolina before Lorean was accepted for the $21000 by Raleigh Federal Savings Bank

Lorean made 6 previous attempts to obtain a high risk loan, 2 of which were with The Citizens and Southern Bank of Clayton County, a bank in Raleigh, North Carolina known to specialize in high risk loans specifically. Prior to finding Raleigh Federal Savings Bank, Lorean was very concerned due to their inexperience and good credit score.

Lorean has a sad current total income, but has several of prospects

Lorean has always wanted to be an environmental disease analyst, but would need attend Anoka Technical College again to become one. Lorean has other prospects as well, including casino floor person, fire protection engineering technician, and soil engineer, which pay $52,000 through to $95,000 per year, at least. For this reason, we believe that Lorean can pay for this high risk loan of $21000.

Client Profile: Lorean Antu of Raleigh, North Carolina
  • Full name (Changed if requested): Lorean Antu
  • Current Credit: loans.hit.utils.Fico@17a7cec2
  • Current City: Raleigh
  • State: North Carolina
  • Zip code: 27604
  • Yearly income: $32,000
  • Current Job: marine/port engineer
  • Current County: Wake
  • Goal Yearly Income: $144,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Signature Loan found in Raleigh, North Carolina for $21000 with good credit by Lorean

Most borrowers have difficulty with finding signature loans in Raleigh, North Carolina, and Lorean is no exception. Lorean went to 5 lenders or more before settling on Raleigh Federal Savings Bank, who offered Lorean a signature loan for $21000. Typical signature loans simply need a client, like Lorean’s signature to obtain them, up to $26,000 in some cases. Lorean was able to get $21000 as a high risk loan, which is very high for a high risk loan. Because signature loans do not need a cosigner, they tend to require better credit, as high as 728

Lorean’s Transunion score was changed by the high risk loan loan, changing to 633 from 650, which is typical in our experience.

Transunion Score: 633

Lorean’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their marine/port engineer job and their future career as an environmental disease analyst

Fico Score: 650

Installment loan for Lorean, a graduate of Anoka Technical College and a marine/port engineer working for over $72,000 per year

Lorean, an alumnus at Anoka Technical College and a marine/port engineer in Raleigh, North Carolina wants a high risk loan to purchase a house. Lorean has instead decided to obtain an installment loan for $22,000 and is at present seeking lenders like Commercial & Farmers Bank to provide it.

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $21,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Lorean required a debt consolidation loan to pay for their existing high risk loan and their loan shark loan. Lorean was able to find a high risk 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 lower interest loan. Debt consolidation loans generally have interest rates as low as 3.2%.

Before applying for this high risk loan, Lorean had an Experian score of 666, which is good, so Raleigh Federal Savings Bank likely cannot provide Lorean a high risk loan

Experian Score: 666

When Lorean was 21, they tried to obtain a student loan from 4 alternate banks, which harmed their credit score. Below is a list of Lorean’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on May 29, 2010
  • Attempt 2) Loan for $31,000.00 on June 22, 2012
  • Attempt 3) Loan for $31,000.00 on November 25, 2011
  • Attempt 4) Loan for $20,000.00 on February 14, 2010

Conclusion of Lorean’s high risk loan

In the end, Lorean was able to find a high risk loan for $21000 with an interest rate of 11.5% interest APR from Raleigh Federal Savings Bank in Raleigh, North Carolina repayable over 1 years from now.

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.