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$62000 Unsecured Loan In Petoskey Michigan With Credit Score 449 For Sueann

$62000 Unsecured Loan – Petoskey Michigan, Credit Score Of 449

  • Experian: 462 – This individual had a bad Experian rating
  • Transunion: 437 – Sueann had a bad credit rating with Transunion.
  • Equifax: Sueann’s Experian score was 449, which is a bad credit score with the Experian system.

Multiple previous requests for credit have been made by Sueann in the past, including one from CIT Bank in Petoskey, Michigan before Sueann was accepted for the $62000 by First of America Bank-Petoskey, National Association

Sueann made 5 prior attempts to obtain an unsecured loan, 2 of which were with CIT Bank, a lending institution in Petoskey, Michigan known to specialize in unsecured loans specifically. Prior to finding First of America Bank-Petoskey, National Association, Sueann was very concerned due to their inexperience and bad credit rating.

Contact Details for First of America Bank-Petoskey, National Association, the provider of this unsecured loan

  • First of America Bank-Petoskey, National Association
  • City: Petoskey
  • State: Michigan
  • Address: 401 Bay Street
  • County: Emmet
  • Zip code: 49770

Installment loan for Sueann, a graduate of University of Northern Colorado and a museum curator working for over $73,000 per year

Sueann, an alumnus at University of Northern Colorado and a museum curator in Petoskey, Michigan needs an unsecured loan to purchase something frivolous. Sueann has instead chosen to get an installment loan for $9,000 and is currently seeking lenders like First of America Bank – Frankenmuth to process their request.

6 Months in the Past, Sueann Attempted to Find a High Risk Loan for $47,000.00, and it was Hard

It is an well known struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Sueann. Sueann decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Borrowers with credit ratings as low as 422 can inquire for a high risk loan and possibly can be approved.

Client Profile: Sueann Broomes of Petoskey, Michigan
  • Full name (Changed if requested): Sueann Broomes
  • Current Credit: loans.hit.utils.Fico@1b701da1
  • Current City: Petoskey
  • State: Michigan
  • Zip code: 49778
  • Yearly income: $38,000
  • Current Job: museum curator
  • Current County: Emmet
  • Goal Yearly Income: $146,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Before applying for this unsecured loan, Sueann had an Experian score of 462, which is bad, so First of America Bank-Petoskey, National Association probably cannot provide Sueann an unsecured loan

Experian Score: 462

When Sueann was 18, they tried to obtain a student loan from 7 alternate lenders, which damaged their credit rating. Below is a chronology of Sueann’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on November 20, 2010
  • Attempt 2) Loan for $25,000.00 on March 8, 2012
  • Attempt 3) Loan for $26,000.00 on September 2, 2010
  • Attempt 4) Loan for $35,000.00 on May 2, 2010
  • Attempt 5) Loan for $32,000.00 on January 31, 2010
  • Attempt 6) Loan for $33,000.00 on February 19, 2012
  • Attempt 7) Loan for $39,000.00 on June 19, 2011

Sueann’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their museum curator job and their future job as a food & drug inspector

Fico Score: 449

Previous requests on Sueann’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$12750.00 7 9.6% $209.04 Society Bank, Lenawee June 6, 2012
$13140.00 10 9.6% $170.75 Bank of Lenawee June 5, 2013
$13490.00 4 10.4% $344.74 First of America Bank – Alpena September 13, 2014
$13130.00 3 5.1% $394.11 NBD Ann Arbor, National Association April 5, 2015

Sueann was rejected by Bank of Lenawee 7 times prior to being accepted by First of America Bank-Petoskey, National Association at 401 Bay Street

On November 10, 2010, Sueann applied about borrowing $3,000 from New Haven Savings Bank with Elton, their in law from just outside Petoskey, and even with the co-signer, Sueann was rejected for this unsecured loan. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.

Sueann has a very low current gross income, but has a high number of prospects

Sueann has always wanted to be a food & drug inspector, but would need attend University of Northern Colorado again to achieve it. Sueann has other prospects as well, including fraud investigator, aerospace engineering technician, and vending machine mechanic, which pay $51,000 through to $102,000 per year, on average. Because of this, we think that Sueann can afford this unsecured loan of $62000.

Personal Loan for a museum curator named Sueann in Petoskey, Michigan to Pay Off EverBank EverCard Visa Platinum

Sueann had a lot of credit card debt on their KeyBank Key2More Rewards MasterCard Credit Card and their Asiana Visa Business Card, and they were starting to get in over their heads. Despite Sueann’s job as a museum curator, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Fast Loans for Sueann in Petoskey, Michigan to prevent bankruptcy or harm from debt collectors.

Fast loans in Petoskey, Michigan aren’t actually that difficult to obtain, especially if you have some gumption like Sueann. Sueann was able to find a fast loan for $62000 from Society Bank, Lenawee and Tri-County Bank, but declined both offers in favor of their unsecured loan from First of America Bank-Petoskey, National Association. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. An improvement if you are in a time sensitive situation.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $29,000.00 to $53,000.00. They are mainly used to pay off existing high interest loans like credit cards. Sueann needed a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Sueann was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.0%.

Sueann’s Transunion score was altered by the unsecured loan loan, changing to 437 from 449, which is typical in our experience.

Transunion Score: 437

Signature Loan easily acquired in Petoskey, Michigan for $62000 with bad credit by Sueann

Most borrowers have difficulty with obtaining signature loans in Petoskey, Michigan, and Sueann is not an exception. Sueann went to 8 lending institutions or more prior to finding First of America Bank-Petoskey, National Association, who offered Sueann a signature loan for $62000. Most signature loans simply require a client, like Sueann’s signature to obtain them, up to $46,000 in some cases. Sueann was able to get $62000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t require collateral, these loans generally require better credit, as high as 719

Paraphrased and Standardized Quote from Sueann for this unsecured loan of $62000, provided by First of America Bank-Petoskey, National Association

Hi, I am Sueann and I’m from Petoskey in Michigan. Emmet, county is where I grew up, and now I need a unsecured loan in Michigan for $62000 to buy a car. It has been difficult, but First of America Bank-Petoskey, National Association really came through for me with this loan for 9.8% interest APR and a term of 22 years. I can repay the loan over the 22 year term, including interest. A big thanks to First of America Bank-Petoskey, National Association for giving me a chance and my bad credit. It look me 7 years to build my credit to 449, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Conclusion of Sueann’s unsecured loan

In the end, Sueann was able to find an unsecured loan for $62000 with an interest rate of 11.7% interest APR from First of America Bank-Petoskey, National Association in Petoskey, Michigan repayable over 22 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.