Do you have over $10,000 in Debt? Get Help now.

$102000 Quick Loan In Foley Minnesota With Credit Score 444 For Lawrence

$102000 Quick Loan – Foley Minnesota, Credit Score Of 444

  • Experian: 462 – This client had a bad Experian rating
  • Transunion: 425 – Lawrence had a bad credit rating with Transunion.
  • Equifax: Lawrence’s Experian score was 444, which is a bad credit score using the Experian scale.

Installment loan for Lawrence, a graduate of Minnesota State University – Mankato and a private nurse working for over $68,000 per year

Lawrence, an alumnus at Minnesota State University – Mankato and a private nurse in Foley, Minnesota wants a quick loan to purchase a new cell phone. Lawrence has instead decided to get an installment loan for $1,000 and is at present seeking lenders like Atwater State Bank to process their request.

Personal Loan for a private nurse named Lawrence in Foley, Minnesota to Pay Off PNC Visa Business Credit Card

Lawrence had a tonne of credit card debt on their KeyBank Key2More Rewards MasterCard Credit Card and their RBC Visa Platinum Card, and they were starting to get in over their heads. Despite Lawrence’s job as a private nurse, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

8 Months Ago, Lawrence Tried Finding a High Risk Loan for $47,000.00, and it was Hard

It is an ongoing struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Lawrence. Lawrence decided not to obtain a high risk loan this time. High Risk loans are given to bad credit clients. Clients with credit scores as low as 435 can apply for a high risk loan and possibly can be accepted.

Contact Details for Rural American Bank – Foley, the provider of this quick loan

  • Rural American Bank – Foley
  • City: Foley
  • State: Minnesota
  • Address: 341 Fourth Avenue
  • County: Benton
  • Zip code: 56329

Fast Loans for Lawrence in Foley, Minnesota to prevent bankruptcy or harm from debt collectors.

Fast loans in Foley, Minnesota aren’t actually that difficult to obtain, particularly if you have some gumption like Lawrence. Lawrence was able to find a fast loan for $102000 from Lake Area Bank and Citizens State Bank of Gaylord, but turned down both offers in favor of their quick loan from Rural American Bank – Foley. 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 6 weeks for installment loans. A big difference in the case that a borrower is in a time sensitive situation.

Client Profile: Lawrence Abelar of Foley, Minnesota
  • Full name (Changed if requested): Lawrence Abelar
  • Current Credit: loans.hit.utils.Fico@31221be2
  • Current City: Foley
  • State: Minnesota
  • Zip code: 56338
  • Yearly income: $48,000
  • Current Job: private nurse
  • Current County: Benton
  • Goal Yearly Income: $121,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Before applying for this quick loan, Lawrence had an Experian score of 462, which is bad, so Rural American Bank – Foley probably cannot provide Lawrence a quick loan

Experian Score: 462

When Lawrence was 23, they attempted to obtain a student loan from 5 alternate banks, which harmed their credit rating. Below is a list of Lawrence’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on May 27, 2012
  • Attempt 2) Loan for $29,000.00 on May 16, 2011
  • Attempt 3) Loan for $27,000.00 on April 5, 2012
  • Attempt 4) Loan for $22,000.00 on March 4, 2010
  • Attempt 5) Loan for $20,000.00 on May 18, 2010

Lawrence’s Overall FICO score at the time of acceptance for a quick loan, taking into account their private nurse job and their future job as a hospital nurse

Fico Score: 444

Lawrence has a very low current total income, but has several of prospects

Lawrence has always wanted to be a hospital nurse, but would need attend Minnesota State University – Mankato again to achieve it. Lawrence has other possibilities as well, including school plant consultant, radio & tv producer, and atmospheric and space scientist, which pay $51,000 through to $105,000 per year, on average. Because of this, we think that Lawrence can afford this quick loan of $102000.

Previous requests on Lawrence’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$36220.00 7 7.7% $559.13 Marquette Bank Cannon Falls July 5, 2009
$35690.00 4 5.2% $825.15 Root River State Bank May 4, 2010
$36390.00 10 11.5% $511.63 Clinton State Bank August 12, 2012
$36160.00 8 11.5% $577.81 Peoples State Bank of Plainview March 31, 2013

Paraphrased and Standardized Quote from Lawrence for this quick loan of $102000, provided by Rural American Bank – Foley

Hello, I am Lawrence and my hometown is Foley in Minnesota. Benton, county is where I grew up, and now I need a quick loan in Minnesota for $102000 to avoid bankruptcy. It has been difficult, but Rural American Bank – Foley really came through for me with this loan for 8.4% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to Rural American Bank – Foley for trusting me and my bad credit. It look me 5 years to create my credit to 444, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Multiple past requests for credit have been made by Lawrence in the past, including one from Murray State Bank in Foley, Minnesota before Lawrence was accepted for the $102000 by Rural American Bank – Foley

Lawrence made 7 prior attempts to obtain a quick loan, 2 of which were with Murray State Bank, a bank in Foley, Minnesota known to specialize in quick loans specifically. Before finding Rural American Bank – Foley, Lawrence was concerned due to their inexperience and bad credit rating.

Lawrence was declined by Farmers and Merchants State Bank of Lamberton 4 times before being accepted by Rural American Bank – Foley at 341 Fourth Avenue

On April 29, 2011, Lawrence applied about borrowing $18,000 from Princeton Bank with Loma, their friend from just outside Foley, and even with the co-signer, Lawrence was rejected for this quick loan. With bad credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $34,000.00 to $55,000.00. They are typically used to pay off existing high interest loans like credit cards. Lawrence needed a debt consolidation loan to pay for their existing quick loan and their credit card. Lawrence was able to find a quick loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your bad, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.7%.

Lawrence’s Transunion score was altered by the quick loan loan, changing to 425 from 444, which is typical in our experience.

Transunion Score: 425

Signature Loan acquired in Foley, Minnesota for $102000 with bad credit by Lawrence

Most prospective borrowers have difficulty with finding signature loans in Foley, Minnesota, and Lawrence is no different. Lawrence went to 4 lenders or more prior to finding Rural American Bank – Foley, who offered Lawrence a signature loan for $102000. Most signature loans simply require a client, like Lawrence’s signature to obtain them, up to $30,000 in some cases. Lawrence was able to get $102000 as a quick loan, which is very high for a quick loan. Because signature loans do not need a cosigner, these loans tend to need better credit, as high as 741

Conclusion of Lawrence’s quick loan

In the end, Lawrence was able to find a quick loan for $102000 with an interest rate of 9.4% interest APR from Rural American Bank – Foley in Foley, Minnesota repayable over 15 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.