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6 Year High Risk Loan For Karon In Sanford North Carolina

$48000 High Risk Loan – Sanford North Carolina, Credit Score Of 658

  • Experian: 676 – The client had a good Experian rating
  • Transunion: 641 – Karon had a good credit score with Transunion.
  • Equifax: Karon’s Experian score was 658, which is a good credit rating with the Experian system.

Paraphrased and Standardized Quote from Karon for this high risk loan of $48000, provided by Summit Savings Bank, Inc., SSB

Hello, I am Karon and I’m from Sanford in North Carolina. Lee, county is where I grew up, and now I need a high risk loan in North Carolina for $48000 to pay bills. It has been difficult, but Summit Savings Bank, Inc., SSB really came through for me with this loan for 10.5% interest APR and a term of 2 years. I will repay the loan over the 2 year term, including interest. A big thanks to Summit Savings Bank, Inc., SSB for trusting me and my good credit. It look me 5 years to create my credit to 658, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Karon’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their radiologist job and their future career as a finance manager

Fico Score: 658

Signature Loan acquired in Sanford, North Carolina for $48000 with good credit by Karon

A lot of prospective borrowers struggle with obtaining signature loans in Sanford, North Carolina, and Karon is the same. Karon went to 4 lending institutions or more before settling on Summit Savings Bank, Inc., SSB, who offered Karon a signature loan for $48000. Typical signature loans simply require a client, like Karon’s signature to get them, up to $29,000 in some cases. Karon was able to get $48000 as a high risk loan, which is very high for a high risk loan. Since signature loans don’t require collateral, these loans tend to need improved credit, as high as 765

Fast Loans for Karon in Sanford, North Carolina to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Sanford, North Carolina aren’t actually that difficult to obtain, especially if you have some finesse like Karon. Karon was able to find a fast loan for $48000 from First State Bank and The Farmers Bank of Seaboard, but turned down both offers in favor of their high risk loan from Summit Savings Bank, Inc., SSB. 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 5 weeks for personal loans. Much better in the case that a borrower is on the go.

Client Profile: Karon Gutschow of Sanford, North Carolina
  • Full name (Changed if requested): Karon Gutschow
  • Current Credit: loans.hit.utils.Fico@5e91993f
  • Current City: Sanford
  • State: North Carolina
  • Zip code: 27337
  • Yearly income: $55,000
  • Current Job: radiologist
  • Current County: Lee
  • Goal Yearly Income: $101,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Contact Details for Summit Savings Bank, Inc., SSB, the provider of this high risk loan

  • Summit Savings Bank, Inc., SSB
  • City: Sanford
  • State: North Carolina
  • Address: 130 N Steele Street
  • County: Lee
  • Zip code: 27330

Karon’s Transunion score was altered by the high risk loan loan, changing to 641 from 658, which is normal in our experience.

Transunion Score: 641

Karon has a disappointing current total income, but has several of prospects

Karon has always wanted to be a finance manager, but would need attend Nova Southeastern University again to achieve it. Karon has other prospects as well, including wildlife control agent, surgeon, and child support services worker, which pay $51,000 through to $104,000 per year, on average. Because of this, we believe that Karon can pay for this high risk loan of $48000.

7 Months in the Past, Karon Attempted to Find a High Risk Loan for $38,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Karon. Karon chose not to get a high risk loan this time. High Risk loans are given to terrible credit clients. Individuals with credit ratings as low as 557 can apply for a high risk loan and possibly can be approved.

Installment loan for Karon, a graduate of Nova Southeastern University and a radiologist working for over $60,000 per year

Karon, an alumnus at Nova Southeastern University and a radiologist in Sanford, North Carolina needs a high risk loan to purchase a house. Karon has instead decided to get an installment loan for $27,000 and is currently seeking lenders like First National Bank of Catawba County to provide it.

When Karon was 24, they tried to obtain a student loan from 7 different banks, which damaged their credit score. Below is a chronology of Karon’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on October 13, 2009
  • Attempt 2) Loan for $29,000.00 on March 31, 2010
  • Attempt 3) Loan for $36,000.00 on March 19, 2009
  • Attempt 4) Loan for $20,000.00 on December 3, 2010
  • Attempt 5) Loan for $33,000.00 on May 1, 2013
  • Attempt 6) Loan for $32,000.00 on November 25, 2009
  • Attempt 7) Loan for $26,000.00 on March 9, 2009

Previous requests on Karon’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$55660.00 8 10.4% $856.42 The Farmers Bank of Seaboard August 25, 2009
$56240.00 3 10.1% $1817.35 The Bank of Raeford March 23, 2013
$56270.00 5 10.6% $1212.25 The Bank of Coleridge June 27, 2014
$55660.00 10 6.5% $632.01 Farmers Bank of Sunbury April 4, 2015
$56320.00 5 7.5% $1128.54 Bank of Pittsboro May 4, 2015

Personal Loan for a radiologist named Karon in Sanford, North Carolina to Pay Off BMW Platinum Rewards Visa Card

Karon had a lot of credit card debt on their TD First Class Visa Signature Credit Card and their Korean Air SkyBlue SKYPASS Visa Card, and they were starting to get in over their heads. Despite Karon’s job as a radiologist, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Before applying for this high risk loan, Karon had an Experian score of 676, which is good, so Summit Savings Bank, Inc., SSB likely cannot provide Karon a high risk loan

Experian Score: 676

Karon was not approved by Citizens National Bank of Concord 6 times prior to being granted funding by Summit Savings Bank, Inc., SSB at 130 N Steele Street

On April 4, 2013, Karon inquired about borrowing $28,000 from Citizens Bank with Freddie, their in law from just outside Sanford, and even with the co-signer, Karon was rejected for this high risk loan. With good credit, it can be very hard to procure financing, even with collateral and a co-signer.

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans vary from $23,000.00 to $52,000.00. They are mainly used to pay off existing high interest loans like credit cards. Karon required a debt consolidation loan to pay for their existing high risk loan and their loan shark loan. Karon was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your dirty, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.1%.

Many other requests for credit have been made by Karon in the past, including one from First Bank of Bancroft in Sanford, North Carolina before Karon was approved for the $48000 by Summit Savings Bank, Inc., SSB

Karon made 6 previous tries to obtain a high risk loan, 2 of which were with First Bank of Bancroft, a lender in Sanford, North Carolina known to specialize in high risk loans specifically. Before finding Summit Savings Bank, Inc., SSB, Karon was concerned due to their inexperience and good credit score.

Conclusion of Karon’s high risk loan

In the end, Karon was able to find a high risk loan for $48000 with an interest rate of 7.8% interest APR from Summit Savings Bank, Inc., SSB in Sanford, North Carolina repayable over 2 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.