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1 Year, Variable Interest High Risk Loan For Keila In New Mexico

$102000 High Risk Loan – Albuquerque New Mexico, Credit Score Of 657

  • Experian: 676 – The client had a good Experian score
  • Transunion: 641 – Keila had a good credit rating with Transunion.
  • Equifax: Keila’s Experian score was 657, which is a good credit rating using the Experian rating scheme.

Keila was declined by First National Bank of Clovis 7 times before being approved by Southwest National Bank at 6000 Menaul Boulevard, N.E.

On October 24, 2010, Keila applied about borrowing $5,000 from SUNWEST Bank of Gallup with Valene, their friend from just outside Albuquerque, and even with the co-signer, Keila was rejected for this high risk loan. With good credit, it can be very hard to obtain financing, even with collateral and a co-signer.

9 Months in the Past, Keila Attempted to Find a High Risk Loan for $34,000.00, and it was Easy

It is an ongoing struggle for borrowers to find high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Keila. Keila decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Clients with credit scores as low as 370 can inquire for a high risk loan and have a chance to be accepted.

Before applying for this high risk loan, Keila had an Experian score of 676, which is good, so Southwest National Bank probably cannot provide Keila a high risk loan

Experian Score: 676

Keila has a very low current yearly income, but has a high number of prospects

Keila has always wanted to be an orthodontic assistant, but would have to attend Centura College again to achieve it. Keila has other prospects as well, including plumber, railroad inspector, and park naturalist, which pay $54,000 through to $97,000 per year, at least. For this reason, we believe that Keila can afford this high risk loan of $102000.

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $35,000.00 to $45,000.00. They are mainly used to pay off existing high interest loans like credit cards. Keila required a debt consolidation loan to pay for their existing high risk loan and their loan shark loan. Keila was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.6%.

Paraphrased and Standardized Quote from Keila for this high risk loan of $102000, provided by Southwest National Bank

Hello, I am Keila and my hometown is Albuquerque in New Mexico. Bernalillo, county is where I grew up, and now I need a high risk loan in New Mexico for $102000 to renovate my home. It wasn’t easy, but Southwest National Bank really came through for me with this loan for 5.1% interest APR and a term of 1 years. I will repay the loan over the 1 year term, including interest. A big thanks to Southwest National Bank for trusting me and my good credit. It look me 9 years to build my credit to 657, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Contact Details for Southwest National Bank, the provider of this high risk loan

  • Southwest National Bank
  • City: Albuquerque
  • State: New Mexico
  • Address: 6000 Menaul Boulevard, N.E.
  • County: Bernalillo
  • Zip code: 87110

Signature Loan acquired in Albuquerque, New Mexico for $102000 with good credit by Keila

A lot of prospective borrowers struggle with finding signature loans in Albuquerque, New Mexico, and Keila is no exception. Keila went to 5 lending institutions or more before finding Southwest National Bank, who offered Keila a signature loan for $102000. Most signature loans simply need a client, like Keila’s signature to get them, up to $40,000 in some cases. Keila was able to get $102000 as a high risk loan, which is very high for a high risk loan. Since signature loans don’t need collateral, they generally require higher credit, as high as 789

Keila’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their solid waste disposal administrator job and their future career as an orthodontic assistant

Fico Score: 657

Multiple previous requests for credit have been made by Keila in the past, including one from Ameribank, Charleston in Albuquerque, New Mexico before Keila was approved for the $102000 by Southwest National Bank

Keila made 7 previous attempts to obtain a high risk loan, 2 of which were with Ameribank, Charleston, a lending institution in Albuquerque, New Mexico known to specialize in high risk loans specifically. Before finding Southwest National Bank, Keila was very concerned due to their inexperience and good credit rating.

When Keila was 23, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit score. Below is a chronology of Keila’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on May 3, 2012
  • Attempt 2) Loan for $23,000.00 on October 2, 2010
  • Attempt 3) Loan for $23,000.00 on September 30, 2011
  • Attempt 4) Loan for $20,000.00 on May 9, 2012

Personal Loan for a solid waste disposal administrator named Keila in Albuquerque, New Mexico to Pay Off Bank of Louisiana Credit Cards

Keila had a tonne of credit card debt on their Great Southern Bank Visa Platinum and their KJAZZ Visa Card, and they were starting to get in over their heads. Despite Keila’s job as a solid waste disposal administrator, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Fast Loans for Keila in Albuquerque, New Mexico to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Albuquerque, New Mexico aren’t actually that difficult to obtain, particularly if you have some finesse like Keila. Keila was able to find a fast loan for $102000 from SUNWEST Bank of Albuquerque, National Association and The Citizens Bank of Clovis, but turned down both offers in favor of their high risk loan from Southwest 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 personal loans. A big difference in the case that you are on the go.

Client Profile: Keila Branaman of Albuquerque, New Mexico
  • Full name (Changed if requested): Keila Branaman
  • Current Credit: loans.hit.utils.Fico@621be5d1
  • Current City: Albuquerque
  • State: New Mexico
  • Zip code: 87114
  • Yearly income: $42,000
  • Current Job: solid waste disposal administrator
  • Current County: Bernalillo
  • Goal Yearly Income: $145,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Keila’s Transunion score was changed by the high risk loan loan, changing to 641 from 657, which is typical in our experience.

Transunion Score: 641

Installment loan for Keila, a graduate of Centura College and a solid waste disposal administrator working for over $64,000 per year

Keila, an alumnus at Centura College and a solid waste disposal administrator in Albuquerque, New Mexico wants a high risk loan to purchase a car. Keila has instead decided to get an installment loan for $20,000 and is currently seeking lenders like The First National Bank of Santa Fe to process their request.

Previous requests on Keila’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$86750.00 9 10.7% $1254.45 The Citizens Bank July 8, 2013
$87300.00 10 9.3% $1120.1 United New Mexico Bank at Mimbres Valley April 4, 2014
$87410.00 4 5.7% $2040.83 First Security Bank of New Mexico, National Association October 22, 2014
$86890.00 3 5.6% $2627.64 SUNWEST Bank of Albuquerque, National Association April 27, 2015
$86820.00 7 9.3% $1410.11 The First National Bank of Belen July 16, 2015

Conclusion of Keila’s high risk loan

In the end, Keila was able to find a high risk loan for $102000 with an interest rate of 10.7% interest APR from Southwest National Bank in Albuquerque, New Mexico 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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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.