$52000 High Risk Loan – Martell Nebraska, Credit Score Of 732
- Experian: 750 – They had an excellent Experian score
- Transunion: 713 – Tona had an excellent credit score with Transunion.
- Equifax: Tona’s Experian score was 732, which is an excellent credit score on the Experian scale.
Paraphrased and Standardized Quote from Tona for this high risk loan of $52000, provided by The Martell State Bank
Hi, I am Tona and my hometown is Martell in Nebraska. Lancaster, county is where I grew up, and now I need a high risk loan in Nebraska for $52000 to buy a big ticket item. It wasn’t easy, but The Martell State Bank really came through for me with this loan for 9.6% interest APR and a term of 20 years. I can repay the loan over the 20 year term, including interest. A big thanks to The Martell State Bank for giving me a chance and my excellent credit. It look me 5 years to create my credit to 732, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.
Signature Loan found in Martell, Nebraska for $52000 with excellent credit by Tona
Most borrowers have difficulty with finding signature loans in Martell, Nebraska, and Tona is the same. Tona went to 5 lenders or more before settling on The Martell State Bank, who offered Tona a signature loan for $52000. Typical signature loans simply require a client, like Tona’s signature to get them, up to $46,000 in some cases. Tona was able to get $52000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t need collateral, they generally require improved credit, as high as 759
Multiple previous requests for credit have been made by Tona in the past, including one from Kingstree Federal Savings and Loan Association in Martell, Nebraska before Tona was accepted for the $52000 by The Martell State Bank
Tona made 5 prior attempts to obtain a high risk loan, 2 of which were with Kingstree Federal Savings and Loan Association, a lender in Martell, Nebraska known to specialize in high risk loans specifically. Prior to finding The Martell State Bank, Tona was very concerned due to their inexperience and excellent credit rating.
Personal Loan for a communication equipment mechanic named Tona in Martell, Nebraska to Pay Off KeyBank Key2More Rewards MasterCard Credit Card
Tona had a tonne of credit card debt on their Planet Hollywood Platinum and their AmTrust Bank Maximum Rewards Visa Card, and they were starting to get in over their heads. Despite Tona’s job as a communication equipment mechanic, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Before applying for this high risk loan, Tona had an Experian score of 750, which is excellent, so The Martell State Bank probably cannot provide Tona a high risk loan
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans vary from $30,000.00 to $56,000.00. They are mainly used to pay off existing high interest loans like credit cards. Tona needed a debt consolidation loan to pay for their existing high risk loan and their loan shark loan. Tona was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.4%.
Previous requests on Tona’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$129700.00||3||8.8%||$4112.36||Citizens Bank||July 18, 2011|
|$130140.00||8||7.3%||$1793.78||Stromsburg Bank||November 12, 2011|
|$129620.00||3||6.6%||$3978.63||Wahoo State Bank||September 7, 2012|
|$130310.00||3||8.2%||$4095.48||Arlington State Bank||January 27, 2013|
6 Months Ago, Tona Attempted to Find a High Risk Loan for $40,000.00, and it was Easy
There 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 scary to borrowers like Tona. Tona decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Individuals with credit ratings as low as 322 can apply for a high risk loan and have a chance to be approved.
When Tona was 19, they attempted to obtain a student loan from 5 alternate banks, which damaged their credit score. Below is a chronology of Tona’s prior attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on May 12, 2011
- Attempt 2) Loan for $37,000.00 on May 28, 2011
- Attempt 3) Loan for $35,000.00 on October 24, 2008
- Attempt 4) Loan for $26,000.00 on May 12, 2010
- Attempt 5) Loan for $31,000.00 on June 17, 2011
Tona has a sad current total income, but has several of prospects
Tona has always wanted to be a computer programmer, but would have to attend Meridian Community College again to achieve it. Tona has other possibilities as well, including dietetic technician, medical examiner/coroner, and electrical drafter, which pay $56,000 through to $105,000 per year, at least. Because of this, we think that Tona can pay for this high risk loan of $52000.
Tona’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their communication equipment mechanic job and their future career as a computer programmer
Tona was not approved by The First National Bank of Bayard 7 times before being approved by The Martell State Bank at William Street
On March 12, 2013, Tona applied about borrowing $37,000 from Citizens State Bank with Leroy, their friend from just outside Martell, and even with the co-signer, Tona was rejected for this high risk loan. With excellent credit, it can be challenging to obtain funding, even with collateral and a co-signer.
Contact Details for The Martell State Bank, the provider of this high risk loan
- The Martell State Bank
- City: Martell
- State: Nebraska
- Address: William Street
- County: Lancaster
- Zip code: 68404
Tona’s Transunion score was changed by the high risk loan loan, changing to 713 from 732, which is typical in our experience.
Installment loan for Tona, a graduate of Meridian Community College and a communication equipment mechanic working for over $74,000 per year
Tona, an alumnus at Meridian Community College and a communication equipment mechanic in Martell, Nebraska wants a high risk loan to purchase a new cell phone. Tona has instead chosen to get an installment loan for $6,000 and is at present seeking lenders like Countryside Bank to process their request.
- Full name (Changed if requested): Tona Storms
- Current Credit: loans.hit.utils.Fico@53bd815b
- Current City: Martell
- State: Nebraska
- Zip code: 68406
- Yearly income: $50,000
- Current Job: communication equipment mechanic
- Current County: Lancaster
- Goal Yearly Income: $125,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Fast Loans for Tona in Martell, Nebraska to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Martell, Nebraska aren’t actually that difficult to obtain, particularly if you have some finesse like Tona. Tona was able to find a fast loan for $52000 from Countryside Bank and The First National Bank of Ainsworth, but declined both offers in favor of their high risk loan from The Martell State Bank. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. Much better in the case that a borrower is in a pinch.
Conclusion of Tona’s high risk loan
In the end, Tona was able to find a high risk loan for $52000 with an interest rate of 7.2% interest APR from The Martell State Bank in Martell, Nebraska repayable over 20 years from now.