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$105000 Same Day Loan In Brandon Minnesota With Credit Score 327 For Frederic

$105000 Same Day Loan – Brandon Minnesota, Credit Score Of 327

  • Experian: 339 – This individual had a terrible Experian rating
  • Transunion: 311 – Frederic had a terrible credit score with Transunion.
  • Equifax: Frederic’s Experian score was 327, which is a terrible credit score using the Experian rating scheme.

When Frederic was 18, they attempted to obtain a student loan from 7 different lenders, which harmed their credit rating. Below is a chronology of Frederic’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on July 31, 2013
  • Attempt 2) Loan for $30,000.00 on May 9, 2009
  • Attempt 3) Loan for $30,000.00 on October 30, 2011
  • Attempt 4) Loan for $32,000.00 on December 16, 2011
  • Attempt 5) Loan for $33,000.00 on May 25, 2012
  • Attempt 6) Loan for $25,000.00 on November 3, 2008
  • Attempt 7) Loan for $39,000.00 on August 31, 2009

Fast Loans for Frederic in Brandon, Minnesota to prevent bankruptcy or harm from debt collectors.

Fast loans in Brandon, Minnesota aren’t actually that difficult to obtain, especially if you have some gumption like Frederic. Frederic was able to find a fast loan for $105000 from O’Connor Bros. State Bank of Renville and Ormsby State Bank, but turned down both offers in favor of their same day loan from First American Bank of Brandon. 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 6 weeks for debt consolidation loans. Much better if a borrower is in a time sensitive situation.

Contact Details for First American Bank of Brandon, the provider of this same day loan

  • First American Bank of Brandon
  • City: Brandon
  • State: Minnesota
  • Address: Main Street
  • County: Douglas
  • Zip code: 56315

Frederic was not approved by Atwater State Bank 4 times prior to being granted funding by First American Bank of Brandon at Main Street

On September 21, 2011, Frederic inquired about borrowing $4,000 from Citizens State Bank of Green Isle with Kerstin, their friend from just outside Brandon, and even with the co-signer, Frederic was rejected for this same day loan. With terrible credit, it can be very hard to procure funding, even with collateral and a co-signer.

Personal Loan for a loan officer named Frederic in Brandon, Minnesota to Pay Off Nordstrom Visa Signature Card

Frederic had a lot of credit card debt on their Maurices Credit Card and their Justice FCU Student Rewards Visa Card, and they were starting to get in over their heads. Despite Frederic’s job as a loan officer, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $26,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Frederic needed a debt consolidation loan to pay for their existing same day loan and their payday loan. Frederic was able to find a same day loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.8%.

Previous requests on Frederic’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$18680.00 7 10.1% $311.08 Marquette Bank Cannon Falls October 17, 2008
$18830.00 10 6.4% $212.85 Root River State Bank September 14, 2013
$18710.00 3 5.4% $564.12 Clinton State Bank June 13, 2014
$19140.00 3 11.5% $631.16 Peoples State Bank of Plainview February 8, 2015

Paraphrased and Standardized Quote from Frederic for this same day loan of $105000, provided by First American Bank of Brandon

Hi, I am Frederic and my hometown is Brandon in Minnesota. Douglas, county is where I grew up, and now I need a same day loan in Minnesota for $105000 to pay bills. It wasn’t easy, but First American Bank of Brandon really came through for me with this loan for 6.8% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to First American Bank of Brandon for trusting me and my terrible credit. It look me 7 years to create my credit to 327, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.

Frederic has a low current total income, but has a high number of prospects

Frederic has always wanted to be an electromechanical equipment assembler, but would have to attend Charter College again to become one. Frederic has other prospects as well, including computer security specialist, pathologist, and casino cashier, which pay $56,000 through to $99,000 per year, at least. For this reason, we believe that Frederic can afford this same day loan of $105000.

Frederic’s Transunion score was altered by the same day loan loan, changing to 311 from 327, which is typical in our experience.

Transunion Score: 311

Signature Loan acquired in Brandon, Minnesota for $105000 with terrible credit by Frederic

Most clients struggle with finding signature loans in Brandon, Minnesota, and Frederic is the same. Frederic went to 7 lending institutions or more prior to settling on First American Bank of Brandon, who offered Frederic a signature loan for $105000. Most signature loans simply require a client, like Frederic’s signature to obtain them, up to $23,000 in some cases. Frederic was able to get $105000 as a same day loan, which is very high for a same day loan. Since signature loans do not require a cosigner, they generally require higher credit, as high as 735

Installment loan for Frederic, a graduate of Charter College and a loan officer working for over $63,000 per year

Frederic, an alumnus at Charter College and a loan officer in Brandon, Minnesota needs a same day loan to purchase something frivolous. Frederic has instead decided to get an installment loan for $2,000 and is currently seeking lenders like Marquette Bank University, National Association to process their request.

Frederic’s Overall FICO score at the time of acceptance for a same day loan, taking into account their loan officer job and their future career as an electromechanical equipment assembler

Fico Score: 327

Client Profile: Frederic Feimster of Brandon, Minnesota
  • Full name (Changed if requested): Frederic Feimster
  • Current Credit: loans.hit.utils.Fico@7e6cbb7a
  • Current City: Brandon
  • State: Minnesota
  • Zip code: 56317
  • Yearly income: $31,000
  • Current Job: loan officer
  • Current County: Douglas
  • Goal Yearly Income: $137,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Multiple other requests for credit have been made by Frederic in the past, including one from Pan American Federal Savings Bank in Brandon, Minnesota before Frederic was accepted for the $105000 by First American Bank of Brandon

Frederic made 9 previous attempts to obtain a same day loan, 2 of which were with Pan American Federal Savings Bank, a lending institution in Brandon, Minnesota known to specialize in same day loans specifically. Before finding First American Bank of Brandon, Frederic was concerned due to their inexperience and terrible credit score.

Before applying for this same day loan, Frederic had an Experian score of 339, which is terrible, so First American Bank of Brandon probably cannot provide Frederic a same day loan

Experian Score: 339

6 Months in the Past, Frederic Tried Finding a High Risk Loan for $44,000.00, and it was Easy

There is an well known struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Frederic. Frederic chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit individuals. Clients with credit scores as low as 331 can apply for a high risk loan and may be be approved.

Conclusion of Frederic’s same day loan

In the end, Frederic was able to find a same day loan for $105000 with an interest rate of 11.6% interest APR from First American Bank of Brandon in Brandon, Minnesota repayable over 16 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.