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Emergency Loan With Very Low APR In Menominee County, Michigan

$9000 Emergency Loan – Stephenson Michigan, Credit Score Of 481

  • Experian: 493 – This individual had a bad Experian score
  • Transunion: 468 – Leora had a bad credit score with Transunion.
  • Equifax: Leora’s Experian score was 481, which is a bad credit score on the Experian scale.
Client Profile: Leora Lacko of Stephenson, Michigan
  • Full name (Changed if requested): Leora Lacko
  • Current Credit: loans.hit.utils.Fico@2d38eb89
  • Current City: Stephenson
  • State: Michigan
  • Zip code: 49891
  • Yearly income: $67,000
  • Current Job: petroleum refinery operator
  • Current County: Menominee
  • Goal Yearly Income: $94,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Personal Loan for a petroleum refinery operator named Leora in Stephenson, Michigan to Pay Off Atlantic Stewardship Bank Visa Platinum Card

Leora had a lot of credit card debt on their TD Bank Cash Rewards Visa and their Glens Falls National Bank & Trust Platinum Edition Visa Card, and they were starting to get in over their heads. Despite Leora’s job as a petroleum refinery operator, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan found in Stephenson, Michigan for $9000 with bad credit by Leora

Most clients have difficulty with obtaining signature loans in Stephenson, Michigan, and Leora is the same. Leora went to 4 lenders or more before finding Bank of Stephenson, who offered Leora a signature loan for $9000. Typical signature loans simply require a client, like Leora’s signature to obtain them, up to $39,000 in some cases. Leora was able to get $9000 as a emergency loan, which is very high for an emergency loan. Because signature loans don’t require a cosigner, they tend to need higher credit, as high as 797

Previous requests on Leora’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$92780.00 7 10.2% $1549.86 Society Bank, Lenawee August 27, 2012
$93390.00 7 10.1% $1555.21 Bank of Lenawee March 22, 2013
$93310.00 10 7.4% $1102.74 First of America Bank – Alpena April 19, 2013
$93290.00 10 9.8% $1222.53 NBD Ann Arbor, National Association March 28, 2014

Paraphrased and Standardized Quote from Leora for this emergency loan of $9000, provided by Bank of Stephenson

Hello, I am Leora and my hometown is Stephenson in Michigan. Menominee, county is where I grew up, and now I need a emergency loan in Michigan for $9000 to buy a big ticket item. It has been difficult, but Bank of Stephenson really came through for me with this loan for 10.5% interest APR and a term of 7 years. I can repay the loan over the 7 year term, including interest. A big thanks to Bank of Stephenson for trusting me and my bad credit. It look me 8 years to create my credit to 481, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.

Leora has a sad current gross income, but has a large amount of prospects

Leora has always wanted to be a glass blower, but would have to attend ELS Language Centers again to become one. Leora has other prospects as well, including vending machine mechanic, forging machine operator, and carpenter’s assistant, which pay $57,000 through to $98,000 per year, on average. For this reason, we think that Leora can afford this emergency loan of $9000.

Fast Loans for Leora in Stephenson, Michigan to prevent bankruptcy or harm from debt collectors.

Fast loans in Stephenson, Michigan aren’t actually that difficult to obtain, especially if you have some finesse like Leora. Leora was able to find a fast loan for $9000 from Fifth Third Bank and First of America Bank – Manistee, but turned down both offers in favor of their emergency loan from Bank of Stephenson. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement in the case that a borrower is on the go.

Before applying for this emergency loan, Leora had an Experian score of 493, which is bad, so Bank of Stephenson likely cannot provide Leora an emergency loan

Experian Score: 493

8 Months Ago, Leora Tried to Find a High Risk Loan for $43,000.00, and it was Hard

It is an existing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Leora. Leora decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Clients with credit ratings as low as 408 can apply for a high risk loan and have a chance to be approved.

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $24,000.00 to $46,000.00. They are normally used to pay off existing high interest loans like credit cards. Leora needed a debt consolidation loan to pay for their existing emergency loan and their loan shark loan. Leora was able to find a emergency loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your less desirable, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.7%.

Leora’s Overall FICO score at the time of acceptance for an emergency loan, taking into account their petroleum refinery operator job and their future job as a glass blower

Fico Score: 481

Multiple other requests for credit have been made by Leora in the past, including one from Wilshire Savings and Loan Association in Stephenson, Michigan before Leora was approved for the $9000 by Bank of Stephenson

Leora made 9 previous tries to obtain an emergency loan, 2 of which were with Wilshire Savings and Loan Association, a bank in Stephenson, Michigan known to specialize in emergency loans specifically. Before finding Bank of Stephenson, Leora was desperate due to their inexperience and bad credit rating.

Contact Details for Bank of Stephenson, the provider of this emergency loan

  • Bank of Stephenson
  • City: Stephenson
  • State: Michigan
  • Address: Main Street
  • County: Menominee
  • Zip code: 49887

Leora’s Transunion score was changed by the emergency loan loan, changing to 468 from 481, which is typical in our experience.

Transunion Score: 468

Installment loan for Leora, a graduate of ELS Language Centers and a petroleum refinery operator working for over $78,000 per year

Leora, an alumnus at ELS Language Centers and a petroleum refinery operator in Stephenson, Michigan wants an emergency loan to purchase something frivolous. Leora has instead chosen to get an installment loan for $2,000 and is at present seeking lenders like First of America Bank – Frankenmuth to process their request.

Leora was not approved by NBD Ann Arbor, National Association 6 times prior to being granted funding by Bank of Stephenson at Main Street

On December 18, 2011, Leora inquired about borrowing $46,000 from First of America Bank – Frankenmuth with Regena, their in law from just outside Stephenson, and even with the co-signer, Leora was rejected for this emergency loan. With bad credit, it can be very hard to obtain financing, even with collateral and a co-signer.

When Leora was 18, they attempted to obtain a student loan from 5 different banks, which harmed their credit score. Below is a list of Leora’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on August 23, 2011
  • Attempt 2) Loan for $29,000.00 on August 24, 2009
  • Attempt 3) Loan for $38,000.00 on June 20, 2013
  • Attempt 4) Loan for $31,000.00 on October 18, 2009
  • Attempt 5) Loan for $22,000.00 on April 24, 2010

Conclusion of Leora’s emergency loan

In the end, Leora was able to find an emergency loan for $9000 with an interest rate of 6.5% interest APR from Bank of Stephenson in Stephenson, Michigan repayable over 7 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.