Do you have over $10,000 in Debt? Get Help now.

High Risk Loan Of $117000 For Excellent Credit Michigan Resident

$117000 High Risk Loan – Southfield Michigan, Credit Rating Of 808

  • Experian: 823 – The client had an excellent Experian score
  • Transunion: 791 – Christin had an excellent credit rating with Transunion.
  • Equifax: Christin’s Experian score was 808, which is an excellent credit rating on the Experian scale.

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

Christin has always wanted to be a custom tailor, but would have to attend Kaplan Test Prep again to become one. Christin has other possibilities as well, including medical records technician, metal fabricator, and warehouse stock clerk, which pay $53,000 through to $94,000 per year, at least. Because of this, we think that Christin can afford this high risk loan of $117000.

Previous requests on Christin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$39370.00 5 8.1% $800.17 Society Bank, Lenawee February 16, 2012
$39240.00 10 9.5% $507.76 Bank of Lenawee March 15, 2014
$38510.00 10 5.3% $414.13 First of America Bank – Alpena September 3, 2014
$39330.00 5 8.2% $801.24 NBD Ann Arbor, National Association December 27, 2014

When Christin was 23, they attempted to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a list of Christin’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on September 11, 2010
  • Attempt 2) Loan for $31,000.00 on February 21, 2011
  • Attempt 3) Loan for $24,000.00 on October 30, 2009
  • Attempt 4) Loan for $30,000.00 on February 1, 2011
  • Attempt 5) Loan for $34,000.00 on February 21, 2010
  • Attempt 6) Loan for $24,000.00 on February 20, 2013
  • Attempt 7) Loan for $39,000.00 on April 16, 2010

Before applying for this high risk loan, Christin had an Experian score of 823, which is excellent, so Manufacturers Bank of Southfield, N.A. likely cannot provide Christin a high risk loan

Experian Score: 823

Paraphrased and Standardized Quote from Christin for this high risk loan of $117000, provided by Manufacturers Bank of Southfield, N.A.

Hello, I am Christin and I am from Southfield in Michigan. Oakland, county is where I grew up, and now I need a high risk loan in Michigan for $117000 to buy a big ticket item. It has been difficult, but Manufacturers Bank of Southfield, N.A. really came through for me with this loan for 9.3% interest APR and a term of 14 years. I can probably repay the loan over the 14 year term, including interest. A big thanks to Manufacturers Bank of Southfield, N.A. for giving me a chance and my excellent credit. It look me 7 years to build my credit to 808, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $38,000.00 to $57,000.00. They are normally used to pay off existing high interest loans like credit cards. Christin required a debt consolidation loan to pay for their existing high risk loan and their credit card. Christin 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, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.1%.

Contact Details for Manufacturers Bank of Southfield, N.A., the provider of this high risk loan

  • Manufacturers Bank of Southfield, N.A.
  • City: Southfield
  • State: Michigan
  • Address: 29201 Telegraph Road
  • County: Oakland
  • Zip code: 48034

Christin’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their parole officer job and their future career as a custom tailor

Fico Score: 808

Client Profile: Christin Absalon of Southfield, Michigan
  • Full name (Changed if requested): Christin Absalon
  • Current Credit: loans.hit.utils.Fico@306a30c7
  • Current City: Southfield
  • State: Michigan
  • Zip code: 48038
  • Yearly income: $62,000
  • Current Job: parole officer
  • Current County: Oakland
  • Goal Yearly Income: $97,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Christin was not approved by Old Kent Bank of Fremont 5 times prior to being granted funding by Manufacturers Bank of Southfield, N.A. at 29201 Telegraph Road

On June 23, 2012, Christin applied about borrowing $35,000 from First of America Bank – Mid Michigan, National Association with Van, their friend from just outside Southfield, and even with the co-signer, Christin was rejected for this high risk loan. With excellent credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Installment loan for Christin, a graduate of Kaplan Test Prep and a parole officer working for over $75,000 per year

Christin, an alumnus at Kaplan Test Prep and a parole officer in Southfield, Michigan needs a high risk loan to purchase a new cell phone. Christin has instead chosen to obtain an installment loan for $29,000 and is at present seeking lenders like G. W. Jones Exchange Bank to provide it.

Many previous requests for credit have been made by Christin in the past, including one from Bank of Cape Cod in Southfield, Michigan before Christin was accepted for the $117000 by Manufacturers Bank of Southfield, N.A.

Christin made 9 previous tries to obtain a high risk loan, 2 of which were with Bank of Cape Cod, a lending institution in Southfield, Michigan known to specialize in high risk loans specifically. Prior to finding Manufacturers Bank of Southfield, N.A., Christin was concerned due to their inexperience and excellent credit rating.

Signature Loan acquired in Southfield, Michigan for $117000 with excellent credit by Christin

A lot of clients have difficulty with finding signature loans in Southfield, Michigan, and Christin is the same. Christin went to 5 lenders or more before finding Manufacturers Bank of Southfield, N.A., who offered Christin a signature loan for $117000. Typical signature loans simply require a client, like Christin’s signature to obtain them, up to $43,000 in some cases. Christin was able to get $117000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t need a cosigner, these loans tend to need higher credit, as high as 783

Personal Loan for a parole officer named Christin in Southfield, Michigan to Pay Off WEX Fleet Card

Christin had a tonne of credit card debt on their BBVA Compass Visa Platinum and their Detroit Tigers BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Christin’s job as a parole officer, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

9 Months Ago, Christin Attempted Finding a High Risk Loan for $43,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Christin. Christin decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit borrowers. Borrowers with credit ratings as low as 548 can apply for a high risk loan and possibly can be approved.

Fast Loans for Christin in Southfield, Michigan to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Southfield, Michigan aren’t actually that difficult to obtain, particularly if you have some finesse like Christin. Christin was able to find a fast loan for $117000 from Eastern Michigan Bank and First of America Bank-Wayne Oakland, but turned down both offers in favor of their high risk loan from Manufacturers Bank of Southfield, N.A.. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference if you are on the go.

Christin’s Transunion score was altered by the high risk loan loan, changing to 791 from 808, which is typical in our experience.

Transunion Score: 791

Conclusion of Christin’s high risk loan

In the end, Christin was able to find a high risk loan for $117000 with an interest rate of 10.1% interest APR from Manufacturers Bank of Southfield, N.A. in Southfield, Michigan repayable over 14 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.