$82000 Unsecured Loan – Moorhead Minnesota, Credit Rating Of 329
- Experian: 340 – This individual had a terrible Experian score
- Transunion: 311 – Cecil had a terrible credit score with Transunion.
- Equifax: Cecil’s Experian score was 329, which is a terrible credit rating using the Experian scale.
Installment loan for Cecil, a graduate of University of New Haven and an industrial waste inspector working for over $68,000 per year
Cecil, an alumnus at University of New Haven and an industrial waste inspector in Moorhead, Minnesota wants an unsecured loan to purchase a car. Cecil has instead decided to obtain an installment loan for $10,000 and is currently seeking lenders like State Bank of Park Rapids to provide it.
Contact Details for State Bank of Moorhead, the provider of this unsecured loan
- State Bank of Moorhead
- City: Moorhead
- State: Minnesota
- Address: 1333 8th Street South
- County: Clay
- Zip code: 56560
Personal Loan for an industrial waste inspector named Cecil in Moorhead, Minnesota to Pay Off Five Star Bank Visa Signature Bonus Rewards Card
Cecil had a lot of credit card debt on their Bank of Louisiana Credit Cards and their Bealls Florida Credit Card, and they were starting to get in over their heads. Despite Cecil’s job as an industrial waste inspector, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans vary from $20,000.00 to $53,000.00. They are mainly used to pay off existing high interest loans like credit cards. Cecil needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Cecil was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.7%.
Multiple previous requests for credit have been made by Cecil in the past, including one from Pioneer Federal Savings and Loan Association in Moorhead, Minnesota before Cecil was approved for the $82000 by State Bank of Moorhead
Cecil made 8 previous attempts to obtain an unsecured loan, 2 of which were with Pioneer Federal Savings and Loan Association, a lending institution in Moorhead, Minnesota known to specialize in unsecured loans specifically. Prior to finding State Bank of Moorhead, Cecil was very concerned due to their inexperience and terrible credit rating.
Signature Loan easily acquired in Moorhead, Minnesota for $82000 with terrible credit by Cecil
A lot of prospective borrowers struggle with obtaining signature loans in Moorhead, Minnesota, and Cecil is not an exception. Cecil went to 8 lenders or more prior to finding State Bank of Moorhead, who offered Cecil a signature loan for $82000. Typical signature loans simply need a client, like Cecil’s signature to obtain them, up to $31,000 in some cases. Cecil was able to get $82000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans do not require a cosigner, they generally need higher credit, as high as 727
Cecil has a disappointing current total income, but has several of prospects
Cecil has always wanted to be an insurance agent, but would have to attend University of New Haven again to become one. Cecil has other possibilities as well, including occupational safety & health inspector, landscape contractor, and dietetic technician, which pay $56,000 through to $108,000 per year, on average. Because of this, we think that Cecil can pay for this unsecured loan of $82000.
9 Months Ago, Cecil Attempted Finding a High Risk Loan for $25,000.00, and it was Easy
It is an ongoing struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Cecil. Cecil chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit applicants. Clients with credit ratings as low as 454 can apply for a high risk loan and possibly can be accepted.
Previous requests on Cecil’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$94620.00||11||8.6%||$1110.93||Marquette Bank Cannon Falls||October 26, 2009|
|$94780.00||7||9.3%||$1539.39||Root River State Bank||May 17, 2013|
|$95430.00||8||11.4%||$1519.72||Clinton State Bank||August 2, 2013|
|$95350.00||5||9.4%||$1997.87||Peoples State Bank of Plainview||October 15, 2014|
|$95230.00||5||6.7%||$1872.22||Security State Bank of Wykoff||July 8, 2015|
Cecil’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their industrial waste inspector job and their future career as an insurance agent
- Full name (Changed if requested): Cecil Pedrosa
- Current Credit: loans.hit.utils.Fico@3ada9e37
- Current City: Moorhead
- State: Minnesota
- Zip code: 56567
- Yearly income: $38,000
- Current Job: industrial waste inspector
- Current County: Clay
- Goal Yearly Income: $135,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Cecil’s Transunion score was altered by the unsecured loan loan, changing to 311 from 329, which is normal in our experience.
Paraphrased and Standardized Quote from Cecil for this unsecured loan of $82000, provided by State Bank of Moorhead
Hello, I am Cecil and my hometown is Moorhead in Minnesota. Clay, county is where I grew up, and now I need a unsecured loan in Minnesota for $82000 to renovate my home. It has been difficult, but State Bank of Moorhead really came through for me with this loan for 6.1% interest APR and a term of 22 years. I can repay the loan over the 22 year term, including interest. A big thanks to State Bank of Moorhead for giving me a chance and my terrible credit. It look me 8 years to create my credit to 329, and I won’t tarnish it any more. I am happy with Find Texas Loans for assisting me this far.
Cecil was declined by Valley Bank Dundas 6 times before being granted funding by State Bank of Moorhead at 1333 8th Street South
On February 9, 2013, Cecil inquired about borrowing $30,000 from Lakes State Bank with Devin, their friend from just outside Moorhead, and even with the co-signer, Cecil was rejected for this unsecured loan. With terrible credit, it can be a challenge to obtain funding, even with collateral and a co-signer.
Fast Loans for Cecil in Moorhead, Minnesota to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Moorhead, Minnesota aren’t actually that difficult to obtain, particularly if you have some gumption like Cecil. Cecil was able to find a fast loan for $82000 from First State Bank, Lake Lillian, Minnesota and Marquette Bank University, National Association, but declined both offers in favor of their unsecured loan from State Bank of Moorhead. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement in the case that a borrower is in a pinch.
Before applying for this unsecured loan, Cecil had an Experian score of 340, which is terrible, so State Bank of Moorhead most likely cannot provide Cecil an unsecured loan
When Cecil was 23, they tried to obtain a student loan from 5 different banks, which harmed their credit rating. Below is a chronology of Cecil’s previous attempts at finding a student loan:
- Attempt 1) Loan for $28,000.00 on December 31, 2012
- Attempt 2) Loan for $36,000.00 on November 9, 2012
- Attempt 3) Loan for $31,000.00 on July 3, 2010
- Attempt 4) Loan for $33,000.00 on September 25, 2011
- Attempt 5) Loan for $30,000.00 on February 22, 2012
Conclusion of Cecil’s unsecured loan
In the end, Cecil was able to find an unsecured loan for $82000 with an interest rate of 6.5% interest APR from State Bank of Moorhead in Moorhead, Minnesota repayable over 22 years from today.