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$3000 No Collateral Loan With Fair Credit In Salt Lake City Utah

$3000 No Collateral Loan – Salt Lake City Utah, Credit Rating Of 521

  • Experian: 534 – The client had a fair Experian rating
  • Transunion: 509 – Tama had a fair credit score with Transunion.
  • Equifax: Tama’s Experian score was 521, which is a fair credit score on the Experian rating scheme.

Tama was not approved by The First National Bank of Morgan 5 times before being granted funding by Target Bank at 299 South Main Street, 20th Floor

On February 19, 2010, Tama applied about borrowing $42,000 from The First National Bank of Morgan with Will, their friend from just outside Salt Lake City, and even with the co-signer, Tama was rejected for this no collateral loan. With fair credit, it can be challenging to procure funding, even with collateral and a co-signer.

Many other requests for credit have been made by Tama in the past, including one from Homestead Bank in Salt Lake City, Utah before Tama was approved for the $3000 by Target Bank

Tama made 9 prior attempts to obtain a no collateral loan, 2 of which were with Homestead Bank, a lender in Salt Lake City, Utah known to specialize in no collateral loans specifically. Before finding Target Bank, Tama was very concerned due to their inexperience and fair credit score.

Contact Details for Target Bank, the provider of this no collateral loan

  • Target Bank
  • City: Salt Lake City
  • State: Utah
  • Address: 299 South Main Street, 20th Floor
  • County: Salt Lake
  • Zip code: 84111

Before applying for this no collateral loan, Tama had an Experian score of 534, which is fair, so Target Bank likely cannot provide Tama a no collateral loan

Experian Score: 534

Personal Loan for a forensics psychologist named Tama in Salt Lake City, Utah to Pay Off Sandy Spring Bank Visa Buxx

Tama had a tonne of credit card debt on their US Bank Visa Buxx Card and their Navy FCU cashRewards Credit Card, and they were starting to get in over their heads. Despite Tama’s job as a forensics psychologist, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Tama, a graduate of Montana State University – Northern and a forensics psychologist working for over $79,000 per year

Tama, an alumnus at Montana State University – Northern and a forensics psychologist in Salt Lake City, Utah needs a no collateral loan to purchase something frivolous. Tama has instead decided to get an installment loan for $6,000 and is currently seeking lenders like State Bank of Wayne to provide it.

Signature Loan easily acquired in Salt Lake City, Utah for $3000 with fair credit by Tama

A lot of borrowers struggle with finding signature loans in Salt Lake City, Utah, and Tama is no exception. Tama went to 5 lending institutions or more before settling on Target Bank, who offered Tama a signature loan for $3000. Most signature loans simply need a client, like Tama’s signature to get them, up to $44,000 in some cases. Tama was able to get $3000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans do not need a cosigner, they generally need better credit, as high as 702

Tama’s Transunion score was changed by the no collateral loan loan, changing to 509 from 521, which is typical in our experience.

Transunion Score: 509

Previous requests on Tama’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$76160.00 7 10.3% $1276.18 Bank of Ephraim January 19, 2009
$76350.00 5 5.1% $1444.32 Gunnison Valley Bank May 5, 2010
$76330.00 7 5.2% $1086.03 The Helper State Bank December 26, 2012
$76360.00 7 11.2% $1315.51 Barnes Banking Company November 25, 2013

Paraphrased and Standardized Quote from Tama for this no collateral loan of $3000, provided by Target Bank

Hello, I am Tama and I am from Salt Lake City in Utah. Salt Lake, county is where I grew up, and now I need a no collateral loan in Utah for $3000 to pay bills. It has been difficult, but Target Bank really came through for me with this loan for 10.5% interest APR and a term of 2 years. I will repay the loan over the 2 year term, including interest. A big thanks to Target Bank for trusting me and my fair credit. It look me 8 years to create my credit to 521, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Client Profile: Tama Michelet of Salt Lake City, Utah
  • Full name (Changed if requested): Tama Michelet
  • Current Credit: loans.hit.utils.Fico@4e515669
  • Current City: Salt Lake City
  • State: Utah
  • Zip code: 84118
  • Yearly income: $60,000
  • Current Job: forensics psychologist
  • Current County: Salt Lake
  • Goal Yearly Income: $88,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Fast Loans for Tama in Salt Lake City, Utah to prevent bankruptcy or harm from debt collectors.

Fast loans in Salt Lake City, Utah aren’t actually that difficult to obtain, particularly if you have some finesse like Tama. Tama was able to find a fast loan for $3000 from First Security State Bank and Central Bank, but declined both offers in favor of their no collateral loan from Target Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better if a borrower is in a time sensitive situation.

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans vary from $39,000.00 to $57,000.00. They are typically used to pay off existing high interest loans like credit cards. Tama required a debt consolidation loan to pay for their existing no collateral loan and their credit card. Tama was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.4%.

Tama’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their forensics psychologist job and their future career as a maintenance supervisor

Fico Score: 521

When Tama was 19, they attempted to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Tama’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on June 2, 2012
  • Attempt 2) Loan for $25,000.00 on September 20, 2012
  • Attempt 3) Loan for $32,000.00 on April 9, 2014
  • Attempt 4) Loan for $36,000.00 on October 13, 2008

8 Months Ago, Tama Attempted Finding a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Tama. Tama chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Clients with credit scores as low as 416 can apply for a high risk loan and have a chance to be approved.

Tama has a sad current yearly income, but has several of prospects

Tama has always wanted to be a maintenance supervisor, but would have to attend Montana State University – Northern again to achieve it. Tama has other prospects as well, including correspondence clerk, music director, and compliance officer, which pay $56,000 through to $103,000 per year, on average. Because of this, we think that Tama can afford this no collateral loan of $3000.

Conclusion of Tama’s no collateral loan

In the end, Tama was able to find a no collateral loan for $3000 with an interest rate of 10.6% interest APR from Target Bank in Salt Lake City, Utah repayable over 2 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.