$192000 Secured Loan – Grand Forks North Dakota, Credit Rating Of 333
- Experian: 352 – They had a terrible Experian score
- Transunion: 317 – Heriberto had a terrible credit score with Transunion.
- Equifax: Heriberto’s Experian score was 333, which is a terrible credit rating using the Experian scale.
Contact Details for First National Bank South, the provider of this secured loan
- First National Bank South
- City: Grand Forks
- State: North Dakota
- Address: 2300 South Columbia Road
- County: Grand Forks
- Zip code: 58201
Heriberto was not approved by Heartland State Bank 5 times before being accepted by First National Bank South at 2300 South Columbia Road
On October 25, 2011, Heriberto applied about borrowing $1,000 from The First National Bank of Bowman with Libbie, their friend from just outside Grand Forks, and even with the co-signer, Heriberto was rejected for this secured loan. With terrible credit, it can be challenging to procure financing, even with collateral and a co-signer.
Personal Loan for a clinical sociologist named Heriberto in Grand Forks, North Dakota to Pay Off US Bank Secured Visa Card
Heriberto had a lot of credit card debt on their QuikTrip Credit Cards and their Korean Air SkyBlue SKYPASS Visa Card, and they were starting to get in over their heads. Despite Heriberto’s job as a clinical sociologist, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Fast Loans for Heriberto in Grand Forks, North Dakota to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Grand Forks, North Dakota aren’t actually that difficult to obtain, particularly if you have some gumption like Heriberto. Heriberto was able to find a fast loan for $192000 from Community First National Bank and Liberty Bank and Trust, National Association, but turned down both offers in favor of their secured loan from First National Bank South. 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 7 weeks for debt consolidation loans. A big difference if a client is in a pinch.
Installment loan for Heriberto, a graduate of Monterey Peninsula College and a clinical sociologist working for over $74,000 per year
Heriberto, an alumnus at Monterey Peninsula College and a clinical sociologist in Grand Forks, North Dakota needs a secured loan to purchase a car. Heriberto has instead decided to get an installment loan for $10,000 and is at present seeking lenders like Norwest Bank Bismarck, National Association to provide it.
Many other requests for credit have been made by Heriberto in the past, including one from M&I First National Bank in Grand Forks, North Dakota before Heriberto was approved for the $192000 by First National Bank South
Heriberto made 9 previous tries to obtain a secured loan, 2 of which were with M&I First National Bank, a lender in Grand Forks, North Dakota known to specialize in secured loans specifically. Before finding First National Bank South, Heriberto was desperate due to their inexperience and terrible credit score.
Paraphrased and Standardized Quote from Heriberto for this secured loan of $192000, provided by First National Bank South
Hi, I am Heriberto and I am from Grand Forks in North Dakota. Grand Forks, county is where I grew up, and now I need a secured loan in North Dakota for $192000 to pay bills. It has been difficult, but First National Bank South really came through for me with this loan for 5.6% interest APR and a term of 22 years. I can probably repay the loan over the 22 year term, including interest. A big thanks to First National Bank South for giving me a chance and my terrible credit. It look me 8 years to build my credit to 333, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.
When Heriberto was 22, they tried to obtain a student loan from 6 alternate lenders, which harmed their credit rating. Below is a chronology of Heriberto’s previous attempts at finding a student loan:
- Attempt 1) Loan for $23,000.00 on October 20, 2008
- Attempt 2) Loan for $24,000.00 on April 27, 2009
- Attempt 3) Loan for $25,000.00 on August 26, 2011
- Attempt 4) Loan for $35,000.00 on October 29, 2010
- Attempt 5) Loan for $29,000.00 on July 27, 2011
- Attempt 6) Loan for $37,000.00 on April 10, 2010
9 Months Ago, Heriberto Tried Finding a High Risk Loan for $46,000.00, and it was Easy
It is an well known struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Heriberto. Heriberto decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit borrowers. Clients with credit ratings as low as 446 can apply for a high risk loan and possibly can be accepted.
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans range from $31,000.00 to $43,000.00. They are typically used to pay off existing high interest loans like credit cards. Heriberto required a debt consolidation loan to pay for their existing secured loan and their loan shark loan. Heriberto was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.6%.
- Full name (Changed if requested): Heriberto Bennink
- Current Credit: loans.hit.utils.Fico@7506e922
- Current City: Grand Forks
- State: North Dakota
- Zip code: 58207
- Yearly income: $47,000
- Current Job: clinical sociologist
- Current County: Grand Forks
- Goal Yearly Income: $131,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Before applying for this secured loan, Heriberto had an Experian score of 352, which is terrible, so First National Bank South most likely cannot provide Heriberto a secured loan
Signature Loan found in Grand Forks, North Dakota for $192000 with terrible credit by Heriberto
Most prospective borrowers struggle with obtaining signature loans in Grand Forks, North Dakota, and Heriberto is not an exception. Heriberto went to 4 lenders or more before settling on First National Bank South, who offered Heriberto a signature loan for $192000. Typical signature loans simply require a client, like Heriberto’s signature to obtain them, up to $29,000 in some cases. Heriberto was able to get $192000 as a secured loan, which is very high for a secured loan. Since signature loans don’t require collateral, these loans tend to require better credit, as high as 727
Heriberto’s Transunion score was altered by the secured loan loan, changing to 317 from 333, which is normal in our experience.
Heriberto’s Overall FICO score at the time of acceptance for a secured loan, taking into account their clinical sociologist job and their future job as a manual arts therapist
Previous requests on Heriberto’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$16260.00||8||11.7%||$261.6||American State Bank of New England||April 28, 2010|
|$15880.00||9||6.7%||$196.2||First American Bank & Trust of Carrington||January 13, 2012|
|$15870.00||9||8.7%||$212.41||Kulm State Bank||October 17, 2012|
|$16430.00||7||9.4%||$267.69||Bremer Bank, National Association||January 5, 2013|
Heriberto has a sad current total income, but has a large amount of prospects
Heriberto has always wanted to be a manual arts therapist, but would need attend Monterey Peninsula College again to become one. Heriberto has other possibilities as well, including chaplain, occupational therapist, and hospital administrator, which pay $55,000 through to $91,000 per year, on average. For this reason, we think that Heriberto can afford this secured loan of $192000.
Conclusion of Heriberto’s secured loan
In the end, Heriberto was able to find a secured loan for $192000 with an interest rate of 5.4% interest APR from First National Bank South in Grand Forks, North Dakota repayable over 22 years from now.