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$24000 Home Loan With Bad Credit In Cresco Iowa

$24000 Home Loan – Cresco Iowa, Credit Rating Of 448

  • Experian: 463 – The client had a bad Experian rating
  • Transunion: 429 – Ryan had a bad credit score with Transunion.
  • Equifax: Ryan’s Experian score was 448, which is a bad credit rating on the Experian system.

Fast Loans for Ryan in Cresco, Iowa to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Cresco, Iowa aren’t actually that difficult to obtain, especially if you have some gumption like Ryan. Ryan was able to find a fast loan for $24000 from Farmers Savings Bank and Norwest Bank Atlantic, National Association, but declined both offers in favor of their home loan from Fortress Bank of Cresco. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement if a borrower is on the go.

Before applying for this home loan, Ryan had an Experian score of 463, which is bad, so Fortress Bank of Cresco likely cannot provide Ryan a home loan

Experian Score: 463

Ryan’s Transunion score was changed by the home loan loan, changing to 429 from 448, which is normal in our experience.

Transunion Score: 429

7 Months in the Past, Ryan Attempted Finding a High Risk Loan for $26,000.00, and it was Hard

There is an existing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Ryan. Ryan decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit borrowers. Individuals with credit scores as low as 344 can apply for a high risk loan and may be be accepted.

When Ryan was 20, they attempted to obtain a student loan from 4 alternate banks, which harmed their credit score. Below is a chronology of Ryan’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on September 28, 2013
  • Attempt 2) Loan for $34,000.00 on May 10, 2011
  • Attempt 3) Loan for $32,000.00 on October 8, 2011
  • Attempt 4) Loan for $28,000.00 on February 2, 2009

Ryan’s Overall FICO score at the time of acceptance for a home loan, taking into account their facilities planner job and their future career as an ophthalmic laboratory technician

Fico Score: 448

Signature Loan easily acquired in Cresco, Iowa for $24000 with bad credit by Ryan

A lot of prospective borrowers struggle with obtaining signature loans in Cresco, Iowa, and Ryan is no different. Ryan went to 8 lending institutions or more prior to settling on Fortress Bank of Cresco, who offered Ryan a signature loan for $24000. Typical signature loans simply require a client, like Ryan’s signature to obtain them, up to $26,000 in some cases. Ryan was able to get $24000 as a home loan, which is very high for a home loan. Because signature loans don’t require a cosigner, these loans generally need improved credit, as high as 738

Installment loan for Ryan, a graduate of Mayo Clinic College of Medicine and a facilities planner working for over $76,000 per year

Ryan, an alumnus at Mayo Clinic College of Medicine and a facilities planner in Cresco, Iowa needs a home loan to purchase a car. Ryan has instead chosen to obtain an installment loan for $25,000 and is currently seeking lenders like Rippey Savings Bank to provide it.

Contact Details for Fortress Bank of Cresco, the provider of this home loan

  • Fortress Bank of Cresco
  • City: Cresco
  • State: Iowa
  • Address: 126 2nd Avenue Se
  • County: Howard
  • Zip code: 52136

Previous requests on Ryan’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$142810.00 9 10.5% $2049.45 Mills County Bank National Association November 4, 2010
$142800.00 5 6.4% $2787.36 Postville State Bank August 19, 2012
$142530.00 6 5.1% $2302.05 Washington State Bank January 11, 2014
$143270.00 10 10.7% $1949.29 Rippey Savings Bank August 28, 2014

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $24,000.00 to $51,000.00. They are mainly used to pay off existing high interest loans like credit cards. Ryan required a debt consolidation loan to pay for their existing home loan and their loan shark loan. Ryan was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your bad, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.5%.

Client Profile: Ryan Norred of Cresco, Iowa
  • Full name (Changed if requested): Ryan Norred
  • Current Credit: loans.hit.utils.Fico@45283ce2
  • Current City: Cresco
  • State: Iowa
  • Zip code: 52138
  • Yearly income: $44,000
  • Current Job: facilities planner
  • Current County: Howard
  • Goal Yearly Income: $129,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Personal Loan for a facilities planner named Ryan in Cresco, Iowa to Pay Off RBC Cash Back MasterCard

Ryan had a tonne of credit card debt on their Citizens & Northern Bank Credit Cards and their Doctors Foster & Smith Visa, and they were starting to get in over their heads. Despite Ryan’s job as a facilities planner, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Multiple past requests for credit have been made by Ryan in the past, including one from Twin City Bank in Cresco, Iowa before Ryan was approved for the $24000 by Fortress Bank of Cresco

Ryan made 5 prior attempts to obtain a home loan, 2 of which were with Twin City Bank, a lender in Cresco, Iowa known to specialize in home loans specifically. Prior to finding Fortress Bank of Cresco, Ryan was very concerned due to their inexperience and bad credit score.

Ryan was not approved by Peoples Bank and Trust Company 4 times before being accepted by Fortress Bank of Cresco at 126 2nd Avenue Se

On April 12, 2010, Ryan applied about borrowing $1,000 from Farmers State Bank with Valarie, their friend from just outside Cresco, and even with the co-signer, Ryan was rejected for this home loan. With bad credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Ryan has a low current yearly income, but has a large amount of prospects

Ryan has always wanted to be an ophthalmic laboratory technician, but would have to attend Mayo Clinic College of Medicine again to achieve it. Ryan has other prospects as well, including printmaker, biology professor, and ceramic engineer, which pay $54,000 through to $104,000 per year, at least. Because of this, we believe that Ryan can afford this home loan of $24000.

Paraphrased and Standardized Quote from Ryan for this home loan of $24000, provided by Fortress Bank of Cresco

Hello, I am Ryan and my hometown is Cresco in Iowa. Howard, county is where I grew up, and now I need a home loan in Iowa for $24000 to buy a car. It wasn’t easy, but Fortress Bank of Cresco really came through for me with this loan for 11.8% interest APR and a term of 1 years. I can probably repay the loan over the 1 year term, including interest. A big thanks to Fortress Bank of Cresco for giving me a chance and my bad credit. It look me 7 years to create my credit to 448, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

Conclusion of Ryan’s home loan

In the end, Ryan was able to find a home loan for $24000 with an interest rate of 10.8% interest APR from Fortress Bank of Cresco in Cresco, Iowa repayable over 1 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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