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8 Month, Variable Interest Direct Loan For Sparkle In Oklahoma

$68000 Direct Loan – Cordell Oklahoma, Credit Score Of 760

  • Experian: 772 – They had an excellent Experian rating
  • Transunion: 743 – Sparkle had an excellent credit score with Transunion.
  • Equifax: Sparkle’s Experian score was 760, which is an excellent credit score on the Experian rating scheme.

Installment loan for Sparkle, a graduate of New Mexico Highlands University and a nurse practitioner working for over $62,000 per year

Sparkle, an alumnus at New Mexico Highlands University and a nurse practitioner in Cordell, Oklahoma wants a direct loan to purchase a car. Sparkle has instead decided to obtain an installment loan for $14,000 and is currently seeking lenders like The First State Bank to process their request.

Contact Details for Cordell National Bank, the provider of this direct loan

  • Cordell National Bank
  • City: Cordell
  • State: Oklahoma
  • Address: 116 North College Street
  • County: Washita
  • Zip code: 73632

Sparkle’s Transunion score was changed by the direct loan loan, changing to 743 from 760, which is normal in our experience.

Transunion Score: 743

Paraphrased and Standardized Quote from Sparkle for this direct loan of $68000, provided by Cordell National Bank

Hi, I am Sparkle and my hometown is Cordell in Oklahoma. Washita, county is where I grew up, and now I need a direct loan in Oklahoma for $68000 to buy a car. It has been difficult, but Cordell National Bank really came through for me with this loan for 8.6% interest APR and a term of 8 years. I will repay the loan over the 8 year term, including interest. A big thanks to Cordell National Bank for giving me a chance and my excellent credit. It look me 7 years to build my credit to 760, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

8 Months in the Past, Sparkle Tried to Find a High Risk Loan for $28,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Sparkle. Sparkle chose not to obtain a high risk loan this time. High Risk loans are given to very low credit clients. Clients with credit ratings as low as 478 can inquire for a high risk loan and have a chance to be accepted.

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $35,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Sparkle required a debt consolidation loan to pay for their existing direct loan and their credit card. Sparkle was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.8%.

Many previous requests for credit have been made by Sparkle in the past, including one from M&I Bank in Cordell, Oklahoma before Sparkle was accepted for the $68000 by Cordell National Bank

Sparkle made 8 previous attempts to obtain a direct loan, 2 of which were with M&I Bank, a lending institution in Cordell, Oklahoma known to specialize in direct loans specifically. Before finding Cordell National Bank, Sparkle was very concerned due to their inexperience and excellent credit rating.

Fast Loans for Sparkle in Cordell, Oklahoma to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Cordell, Oklahoma aren’t actually that difficult to obtain, particularly if you have some finesse like Sparkle. Sparkle was able to find a fast loan for $68000 from The Security Bank & Trust Company and Bank of Commerce, but declined both offers in favor of their direct loan from Cordell National Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. Much better if you are in a time sensitive situation.

Personal Loan for a nurse practitioner named Sparkle in Cordell, Oklahoma to Pay Off Platinum Visa Card

Sparkle had a lot of credit card debt on their Ohio University Alumni Credit Card and their Riverview Community Bank Visa Business Bonus Rewards Card, and they were starting to get in over their heads. Despite Sparkle’s job as a nurse practitioner, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Previous requests on Sparkle’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$126590.00 11 9.6% $1556.38 The First State Bank December 6, 2009
$127110.00 8 9.5% $1895.32 Security Bank and Trust Company March 9, 2010
$127230.00 3 7.7% $3969.34 The First State Bank, Willow, Okla. September 14, 2011
$126610.00 3 5.6% $3828.82 Sooner State Bank June 8, 2014
$126670.00 8 5.5% $1633.96 The Farmers State Bank March 14, 2015

Before applying for this direct loan, Sparkle had an Experian score of 772, which is excellent, so Cordell National Bank probably cannot provide Sparkle a direct loan

Experian Score: 772

Signature Loan found in Cordell, Oklahoma for $68000 with excellent credit by Sparkle

Most prospective borrowers have difficulty with finding signature loans in Cordell, Oklahoma, and Sparkle is no different. Sparkle went to 7 lenders or more prior to settling on Cordell National Bank, who offered Sparkle a signature loan for $68000. Typical signature loans simply need a client, like Sparkle’s signature to get them, up to $36,000 in some cases. Sparkle was able to get $68000 as a direct loan, which is very high for a direct loan. Because signature loans don’t require collateral, they tend to require better credit, as high as 710

Sparkle has a low current total income, but has several of prospects

Sparkle has always wanted to be a plumber, but would have to attend New Mexico Highlands University again to become one. Sparkle has other possibilities as well, including court reporter, cartoonist, and metal fabricator, which pay $51,000 through to $100,000 per year, at least. For this reason, we believe that Sparkle can afford this direct loan of $68000.

When Sparkle was 21, they attempted to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a chronology of Sparkle’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on May 2, 2013
  • Attempt 2) Loan for $34,000.00 on July 2, 2011
  • Attempt 3) Loan for $26,000.00 on January 31, 2013
  • Attempt 4) Loan for $29,000.00 on March 5, 2012
  • Attempt 5) Loan for $21,000.00 on June 4, 2010

Sparkle’s Overall FICO score at the time of acceptance for a direct loan, taking into account their nurse practitioner job and their future career as a plumber

Fico Score: 760

Sparkle was rejected by The First State Bank 6 times prior to being granted funding by Cordell National Bank at 116 North College Street

On April 6, 2012, Sparkle inquired about borrowing $39,000 from Gold BANK with Deandre, their friend from just outside Cordell, and even with the co-signer, Sparkle was rejected for this direct loan. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.

Client Profile: Sparkle Berrey of Cordell, Oklahoma
  • Full name (Changed if requested): Sparkle Berrey
  • Current Credit: loans.hit.utils.Fico@4d405ef7
  • Current City: Cordell
  • State: Oklahoma
  • Zip code: 73636
  • Yearly income: $42,000
  • Current Job: nurse practitioner
  • Current County: Washita
  • Goal Yearly Income: $129,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Conclusion of Sparkle’s direct loan

In the end, Sparkle was able to find a direct loan for $68000 with an interest rate of 6.4% interest APR from Cordell National Bank in Cordell, Oklahoma repayable over 8 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.