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$135000 Mortgage With Bad Credit In Bismarck North Dakota

$135000 Mortgage – Bismarck North Dakota, Credit Score Of 485

  • Experian: 498 – This individual had a bad Experian rating
  • Transunion: 471 – Voncile had a bad credit score with Transunion.
  • Equifax: Voncile’s Experian score was 485, which is a bad credit score with the Experian system.

Personal Loan for a switchboard operator named Voncile in Bismarck, North Dakota to Pay Off Golf Magazine Rewards Visa Card

Voncile had a tonne of credit card debt on their Dollar Bank City Pride Visa and their First Hawaiian Bank United MileagePlus Business Credit Card, and they were starting to get in over their heads. Despite Voncile’s job as a switchboard operator, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Voncile’s Overall FICO score at the time of acceptance for a mortgage, taking into account their switchboard operator job and their future career as a petroleum technician

Fico Score: 485

When Voncile was 22, they attempted to obtain a student loan from 6 different lenders, which damaged their credit rating. Below is a chronology of Voncile’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on June 10, 2009
  • Attempt 2) Loan for $27,000.00 on September 28, 2009
  • Attempt 3) Loan for $31,000.00 on August 14, 2010
  • Attempt 4) Loan for $28,000.00 on December 19, 2009
  • Attempt 5) Loan for $33,000.00 on March 23, 2011
  • Attempt 6) Loan for $38,000.00 on November 30, 2011

8 Months Ago, Voncile Attempted Finding a High Risk Loan for $31,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Voncile. Voncile decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Individuals with credit ratings as low as 447 can apply for a high risk loan and may be be accepted.

Previous requests on Voncile’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$81620.00 6 11.4% $1570.33 American State Bank of New England October 19, 2008
$82270.00 9 11.7% $1235.33 First American Bank & Trust of Carrington September 1, 2012
$82480.00 6 10.2% $1536.34 Kulm State Bank February 9, 2014
$82430.00 3 7.7% $2571.66 Bremer Bank, National Association March 8, 2015

Fast Loans for Voncile in Bismarck, North Dakota to prevent bankruptcy or harm from debt collectors.

Fast loans in Bismarck, North Dakota aren’t actually that difficult to obtain, especially if you have some finesse like Voncile. Voncile was able to find a fast loan for $135000 from The Farmers and Merchants National Bank of Hatton and Bremer Bank, National Association, but turned down both offers in favor of their mortgage from The First National Bank and Trust Company of Bismarck. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement if a client is in a time sensitive situation.

Voncile was rejected by Bremer Bank, National Association 6 times prior to being approved by The First National Bank and Trust Company of Bismarck at Broadway Avenue And Third Street

On September 11, 2010, Voncile applied about borrowing $28,000 from Alerus Financial, National Association with Shirleen, their in law from just outside Bismarck, and even with the co-signer, Voncile was rejected for this mortgage. With bad credit, it can be difficult to procure financing, even with collateral and a co-signer.

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

Normal debt consolidation loans range from $26,000.00 to $55,000.00. They are typically used to pay off existing high interest loans like credit cards. Voncile needed a debt consolidation loan to pay for their existing mortgage and their payday loan. Voncile was able to find a mortgage in the end. Debt consolidation, or just 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 4.4%.

Before applying for this mortgage, Voncile had an Experian score of 498, which is bad, so The First National Bank and Trust Company of Bismarck likely cannot provide Voncile a mortgage

Experian Score: 498

Paraphrased and Standardized Quote from Voncile for this mortgage of $135000, provided by The First National Bank and Trust Company of Bismarck

Hello, I am Voncile and I am from Bismarck in North Dakota. Burleigh, county is where I grew up, and now I need a mortgage in North Dakota for $135000 to renovate my home. It has been difficult, but The First National Bank and Trust Company of Bismarck really came through for me with this loan for 5.5% interest APR and a term of 16 years. I can repay the loan over the 16 year term, including interest. A big thanks to The First National Bank and Trust Company of Bismarck for giving me a chance and my bad credit. It look me 5 years to create my credit to 485, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.

Signature Loan easily acquired in Bismarck, North Dakota for $135000 with bad credit by Voncile

Most prospective borrowers have difficulty with obtaining signature loans in Bismarck, North Dakota, and Voncile is the same. Voncile went to 7 lending institutions or more before settling on The First National Bank and Trust Company of Bismarck, who offered Voncile a signature loan for $135000. Most signature loans simply need a client, like Voncile’s signature to get them, up to $43,000 in some cases. Voncile was able to get $135000 as a mortgage, which is very high for a mortgage. Since signature loans don’t need collateral, they tend to need improved credit, as high as 789

Installment loan for Voncile, a graduate of Broward College and a switchboard operator working for over $78,000 per year

Voncile, an alumnus at Broward College and a switchboard operator in Bismarck, North Dakota needs a mortgage to purchase a new cell phone. Voncile has instead decided to obtain an installment loan for $13,000 and is at present seeking lenders like Wells Fargo Bank North Dakota, National Association to provide it.

Multiple previous requests for credit have been made by Voncile in the past, including one from Michigan National Bank – Wyoming in Bismarck, North Dakota before Voncile was approved for the $135000 by The First National Bank and Trust Company of Bismarck

Voncile made 5 previous tries to obtain a mortgage, 2 of which were with Michigan National Bank – Wyoming, a lender in Bismarck, North Dakota known to specialize in mortgages specifically. Prior to finding The First National Bank and Trust Company of Bismarck, Voncile was very concerned due to their inexperience and bad credit rating.

Contact Details for The First National Bank and Trust Company of Bismarck, the provider of this mortgage

  • The First National Bank and Trust Company of Bismarck
  • City: Bismarck
  • State: North Dakota
  • Address: Broadway Avenue And Third Street
  • County: Burleigh
  • Zip code: 58501
Client Profile: Voncile Dumes of Bismarck, North Dakota
  • Full name (Changed if requested): Voncile Dumes
  • Current Credit: loans.hit.utils.Fico@5f8ed237
  • Current City: Bismarck
  • State: North Dakota
  • Zip code: 58505
  • Yearly income: $46,000
  • Current Job: switchboard operator
  • Current County: Burleigh
  • Goal Yearly Income: $88,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Voncile’s Transunion score was changed by the mortgage loan, changing to 471 from 485, which is normal in our experience.

Transunion Score: 471

Voncile has a disappointing current gross income, but has a high number of prospects

Voncile has always wanted to be a petroleum technician, but would have to attend Broward College again to achieve it. Voncile has other prospects as well, including structural engineer, glass blower, and home appliance repairer, which pay $54,000 through to $102,000 per year, at least. For this reason, we think that Voncile can afford this mortgage of $135000.

Conclusion of Voncile’s mortgage

In the end, Voncile was able to find a mortgage for $135000 with an interest rate of 7.0% interest APR from The First National Bank and Trust Company of Bismarck in Bismarck, North Dakota repayable over 16 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.