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3 Year, Variable Interest Secured Loan For Stepanie In Colorado

$188000 Secured Loan – Denver Colorado, Credit Score Of 512

  • Experian: 531 – They had a fair Experian rating
  • Transunion: 496 – Stepanie had a fair credit rating with Transunion.
  • Equifax: Stepanie’s Experian score was 512, which is a fair credit score with the Experian scale.

Multiple previous requests for credit have been made by Stepanie in the past, including one from Western Bank of Cheyenne in Denver, Colorado before Stepanie was approved for the $188000 by CoBiz Bank

Stepanie made 6 previous attempts to obtain a secured loan, 2 of which were with Western Bank of Cheyenne, a lender in Denver, Colorado known to specialize in secured loans specifically. Prior to finding CoBiz Bank, Stepanie was concerned due to their inexperience and fair credit score.

Before applying for this secured loan, Stepanie had an Experian score of 531, which is fair, so CoBiz Bank most likely can provide Stepanie a secured loan

Experian Score: 531

Fast Loans for Stepanie in Denver, Colorado to prevent bankruptcy or harm from debt collectors.

Fast loans in Denver, Colorado aren’t actually that difficult to obtain, particularly if you have some gumption like Stepanie. Stepanie was able to find a fast loan for $188000 from Colorado State Bank and Trust, N. A. and The Minnequa Bank of Pueblo, but turned down both offers in favor of their secured loan from CoBiz Bank. 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 7 weeks for personal loans. An improvement in the case that a client is in a time sensitive situation.

When Stepanie was 24, they tried to obtain a student loan from 6 different lenders, which damaged their credit rating. Below is a chronology of Stepanie’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on May 15, 2009
  • Attempt 2) Loan for $32,000.00 on October 26, 2011
  • Attempt 3) Loan for $20,000.00 on February 1, 2010
  • Attempt 4) Loan for $30,000.00 on February 26, 2011
  • Attempt 5) Loan for $39,000.00 on May 5, 2012
  • Attempt 6) Loan for $21,000.00 on February 12, 2012
Client Profile: Stepanie Livermore of Denver, Colorado
  • Full name (Changed if requested): Stepanie Livermore
  • Current Credit: loans.hit.utils.Fico@4bf558aa
  • Current City: Denver
  • State: Colorado
  • Zip code: 80203
  • Yearly income: $30,000
  • Current Job: high school administrator
  • Current County: Denver
  • Goal Yearly Income: $83,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $33,000.00 to $59,000.00. They are typically used to pay off existing high interest loans like credit cards. Stepanie required a debt consolidation loan to pay for their existing secured loan and their credit card. Stepanie was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.3%.

Previous requests on Stepanie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$55820.00 10 8.1% $680.2 Affiliated National Bank – Delta April 14, 2009
$56240.00 6 11.4% $1082.03 Central Bank, National Association April 26, 2013
$56340.00 5 9.8% $1191.52 The Colorado Bank and Trust Company of La Junta July 10, 2013
$56130.00 11 5.2% $559.27 Colorado State Bank and Trust, N. A. February 5, 2015
$55630.00 8 8.2% $792.09 Mountain Parks Bank – West June 14, 2015

Contact Details for CoBiz Bank, the provider of this secured loan

  • CoBiz Bank
  • City: Denver
  • State: Colorado
  • Address: 821 – 17th Street
  • County: Denver
  • Zip code: 80202

Signature Loan easily acquired in Denver, Colorado for $188000 with fair credit by Stepanie

Most borrowers struggle with finding signature loans in Denver, Colorado, and Stepanie is no different. Stepanie went to 7 lending institutions or more prior to settling on CoBiz Bank, who offered Stepanie a signature loan for $188000. Typical signature loans simply require a client, like Stepanie’s signature to get them, up to $38,000 in some cases. Stepanie was able to get $188000 as a secured loan, which is very high for a secured loan. Because signature loans don’t need collateral, these loans generally need improved credit, as high as 762

Stepanie’s Transunion score was altered by the secured loan loan, changing to 496 from 512, which is normal in our experience.

Transunion Score: 496

Paraphrased and Standardized Quote from Stepanie for this secured loan of $188000, provided by CoBiz Bank

Hi, I am Stepanie and I am from Denver in Colorado. Denver, county is where I grew up, and now I need a secured loan in Colorado for $188000 to renovate my home. It has been difficult, but CoBiz Bank really came through for me with this loan for 7.0% interest APR and a term of 3 years. I can probably repay the loan over the 3 year term, including interest. A big thanks to CoBiz Bank for trusting me and my fair credit. It look me 9 years to build my credit to 512, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.

7 Months Ago, Stepanie Attempted to Find a High Risk Loan for $48,000.00, and it was Easy

There is an well known struggle for clients to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Stepanie. Stepanie decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Individuals with credit scores as low as 478 can inquire for a high risk loan and have a chance to be accepted.

Personal Loan for a high school administrator named Stepanie in Denver, Colorado to Pay Off Amphibian Ark Visa Platinum Rewards Card

Stepanie had a tonne of credit card debt on their PNC Bank Travel Rewards Visa Business Credit Card and their Madison Scouts Visa Card, and they were starting to get in over their heads. Despite Stepanie’s job as a high school administrator, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Stepanie’s Overall FICO score at the time of acceptance for a secured loan, taking into account their high school administrator job and their future job as an insurance estate planner

Fico Score: 512

Stepanie was not approved by Colorado National Bank – Exchange 4 times before being granted funding by CoBiz Bank at 821 – 17th Street

On November 27, 2011, Stepanie inquired about borrowing $42,000 from Norwest Bank Boulder, National Association with Irmgard, their friend from just outside Denver, and even with the co-signer, Stepanie was rejected for this secured loan. With fair credit, it can be difficult to procure funding, even with collateral and a co-signer.

Installment loan for Stepanie, a graduate of Geisinger Medical Center and a high school administrator working for over $71,000 per year

Stepanie, an alumnus at Geisinger Medical Center and a high school administrator in Denver, Colorado wants a secured loan to purchase a car. Stepanie has instead decided to get an installment loan for $15,000 and is at present seeking lenders like Wells Fargo Bank West, National Association to process their request.

Stepanie has a low current gross income, but has several of prospects

Stepanie has always wanted to be an insurance estate planner, but would need attend Geisinger Medical Center again to achieve it. Stepanie has other possibilities as well, including hazardous materials removal worker, broadcast news analyst, and public transportation inspector, which pay $56,000 through to $109,000 per year, at least. For this reason, we believe that Stepanie can afford this secured loan of $188000.

Conclusion of Stepanie’s secured loan

In the end, Stepanie was able to find a secured loan for $188000 with an interest rate of 6.4% interest APR from CoBiz Bank in Denver, Colorado repayable over 3 years from now.

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.