$8000 Unsecured Loan – Stevens Point Wisconsin, Credit Rating Of 476
- Experian: 490 – This individual had a bad Experian score
- Transunion: 460 – Ricarda had a bad credit rating with Transunion.
- Equifax: Ricarda’s Experian score was 476, which is a bad credit rating using the Experian system.
Before applying for this unsecured loan, Ricarda had an Experian score of 490, which is bad, so F&M Bank-Central most likely cannot provide Ricarda an unsecured loan
- Full name (Changed if requested): Ricarda Hila
- Current Credit: loans.hit.utils.Fico@6ae40994
- Current City: Stevens Point
- State: Wisconsin
- Zip code: 54490
- Yearly income: $47,000
- Current Job: college/university professor
- Current County: Portage
- Goal Yearly Income: $121,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Ricarda was not approved by Associated Bank Milwaukee 5 times before being granted funding by F&M Bank-Central at 5597 Highway Ten East
On November 10, 2010, Ricarda inquired about borrowing $28,000 from The Bank of Brodhead with Shayne, their in law from just outside Stevens Point, and even with the co-signer, Ricarda was rejected for this unsecured loan. With bad credit, it can be challenging to procure financing, even with collateral and a co-signer.
Ricarda’s Transunion score was altered by the unsecured loan loan, changing to 460 from 476, which is typical in our experience.
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans range from $34,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Ricarda needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Ricarda was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.8%.
Ricarda has a low current gross income, but has a high number of prospects
Ricarda has always wanted to be a ballistics expert, but would have to attend ELS Language Centers again to become one. Ricarda has other prospects as well, including horticulturist, video engineer, and highway patrol pilot, which pay $51,000 through to $96,000 per year, at least. For this reason, we think that Ricarda can afford this unsecured loan of $8000.
Paraphrased and Standardized Quote from Ricarda for this unsecured loan of $8000, provided by F&M Bank-Central
Hello, I am Ricarda and I’m from Stevens Point in Wisconsin. Portage, county is where I grew up, and now I need a unsecured loan in Wisconsin for $8000 to buy a big ticket item. It wasn’t easy, but F&M Bank-Central really came through for me with this loan for 5.5% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to F&M Bank-Central for trusting me and my bad credit. It look me 8 years to build my credit to 476, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.
Fast Loans for Ricarda in Stevens Point, Wisconsin to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Stevens Point, Wisconsin aren’t actually that difficult to obtain, particularly if you have some gumption like Ricarda. Ricarda was able to find a fast loan for $8000 from United Bank and Trust of Madison and Valley Bank of Fredonia, but turned down both offers in favor of their unsecured loan from F&M Bank-Central. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. An improvement in the case that a borrower is on the go.
Several other requests for credit have been made by Ricarda in the past, including one from Taft National Bank in Stevens Point, Wisconsin before Ricarda was accepted for the $8000 by F&M Bank-Central
Ricarda made 8 previous tries to obtain an unsecured loan, 2 of which were with Taft National Bank, a bank in Stevens Point, Wisconsin known to specialize in unsecured loans specifically. Before finding F&M Bank-Central, Ricarda was very concerned due to their inexperience and bad credit rating.
Personal Loan for a college/university professor named Ricarda in Stevens Point, Wisconsin to Pay Off Cabela’s Club Visa Credit Card
Ricarda had a tonne of credit card debt on their Belk Rewards Card and their Florida Atlantic University Foundation, Inc WorldPoints Platinum Plus MasterCard, and they were starting to get in over their heads. Despite Ricarda’s job as a college/university professor, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Signature Loan found in Stevens Point, Wisconsin for $8000 with bad credit by Ricarda
Many borrowers struggle with obtaining signature loans in Stevens Point, Wisconsin, and Ricarda is no different. Ricarda went to 6 lenders or more before finding F&M Bank-Central, who offered Ricarda a signature loan for $8000. Most signature loans simply require a client, like Ricarda’s signature to get them, up to $43,000 in some cases. Ricarda was able to get $8000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not need collateral, they generally need higher credit, as high as 761
Installment loan for Ricarda, a graduate of ELS Language Centers and a college/university professor working for over $72,000 per year
Ricarda, an alumnus at ELS Language Centers and a college/university professor in Stevens Point, Wisconsin wants an unsecured loan to purchase a new cell phone. Ricarda has instead decided to obtain an installment loan for $23,000 and is currently seeking lenders like Red Cedar Bank National Association to process their request.
When Ricarda was 22, they tried to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a chronology of Ricarda’s prior attempts at finding a student loan:
- Attempt 1) Loan for $36,000.00 on July 29, 2009
- Attempt 2) Loan for $24,000.00 on April 6, 2011
- Attempt 3) Loan for $33,000.00 on April 26, 2010
- Attempt 4) Loan for $30,000.00 on October 24, 2008
- Attempt 5) Loan for $38,000.00 on March 20, 2012
- Attempt 6) Loan for $23,000.00 on April 26, 2013
Contact Details for F&M Bank-Central, the provider of this unsecured loan
- F&M Bank-Central
- City: Stevens Point
- State: Wisconsin
- Address: 5597 Highway Ten East
- County: Portage
- Zip code: 54481
6 Months Ago, Ricarda Tried to Find a High Risk Loan for $32,000.00, and it was Hard
It is an well known struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Ricarda. Ricarda decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit applicants. Clients with credit ratings as low as 341 can inquire for a high risk loan and possibly can be accepted.
Ricarda’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their college/university professor job and their future career as a ballistics expert
Previous requests on Ricarda’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$112540.00||9||8.8%||$1512.22||M&I Bank of Burlington||July 28, 2010|
|$112640.00||4||11.3%||$2927.68||M&I Marshall and Ilsley Bank||January 3, 2011|
|$112800.00||10||5.3%||$1213.03||Continental Bank & Trust Co.||February 25, 2013|
|$113220.00||3||10.6%||$3685.27||Clare Bank, National Association||December 30, 2014|
|$112590.00||5||7.8%||$2272.16||Norwest Bank Wisconsin East Central||April 4, 2015|
Conclusion of Ricarda’s unsecured loan
In the end, Ricarda was able to find an unsecured loan for $8000 with an interest rate of 9.2% interest APR from F&M Bank-Central in Stevens Point, Wisconsin repayable over 15 years from today.