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10 Month, Variable Interest Debt Consolidation Loan For Cherri In Minnesota

$92000 Debt Consolidation Loan – Morris Minnesota, Credit Score Of 691

  • Experian: 710 – They had a good Experian score
  • Transunion: 674 – Cherri had a good credit score with Transunion.
  • Equifax: Cherri’s Experian score was 691, which is a good credit rating on the Experian scale.

Signature Loan easily acquired in Morris, Minnesota for $92000 with good credit by Cherri

A lot of prospective borrowers have difficulty with finding signature loans in Morris, Minnesota, and Cherri is no different. Cherri went to 5 lending institutions or more prior to settling on Morris State Bank, who offered Cherri a signature loan for $92000. Typical signature loans simply require a client, like Cherri’s signature to get them, up to $35,000 in some cases. Cherri was able to get $92000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need collateral, these loans tend to need higher credit, as high as 738

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

Normal debt consolidation loans range from $21,000.00 to $45,000.00. They are mainly used to pay off existing high interest loans like credit cards. Cherri required a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Cherri was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.6%.

Client Profile: Cherri Hannemann of Morris, Minnesota
  • Full name (Changed if requested): Cherri Hannemann
  • Current Credit: loans.hit.utils.Fico@449b2d27
  • Current City: Morris
  • State: Minnesota
  • Zip code: 56271
  • Yearly income: $32,000
  • Current Job: medical assistant
  • Current County: Stevens
  • Goal Yearly Income: $102,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

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

  • Attempt 1) Loan for $26,000.00 on September 21, 2013
  • Attempt 2) Loan for $31,000.00 on February 16, 2012
  • Attempt 3) Loan for $20,000.00 on December 21, 2010
  • Attempt 4) Loan for $35,000.00 on November 5, 2009
  • Attempt 5) Loan for $21,000.00 on October 18, 2008

Cherri was not approved by Marquette Bank Cannon Falls 6 times before being approved by Morris State Bank at Main Street

On July 1, 2012, Cherri applied about borrowing $34,000 from Atwater State Bank with Maryellen, their in law from just outside Morris, and even with the co-signer, Cherri was rejected for this debt consolidation loan. With good credit, it can be challenging to procure financing, even with collateral and a co-signer.

Installment loan for Cherri, a graduate of Fort Pierce Beauty Academy and a medical assistant working for over $75,000 per year

Cherri, an alumnus at Fort Pierce Beauty Academy and a medical assistant in Morris, Minnesota needs a debt consolidation loan to purchase a house. Cherri has instead decided to obtain an installment loan for $13,000 and is at present seeking lenders like O’Connor Bros. State Bank of Renville to provide it.

Fast Loans for Cherri in Morris, Minnesota to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Morris, Minnesota aren’t actually that difficult to obtain, particularly if you have some gumption like Cherri. Cherri was able to find a fast loan for $92000 from Forest Lake State Bank and Lake Area Bank, but declined both offers in favor of their debt consolidation loan from Morris State Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better if a borrower is on the go.

Personal Loan for a medical assistant named Cherri in Morris, Minnesota to Pay Off Pottery Barn Credit Card

Cherri had a lot of credit card debt on their Commerce Bank Royals MasterCard with Rewards and their Saratoga’s Community FCU Visa Platinum Card, and they were starting to get in over their heads. Despite Cherri’s job as a medical assistant, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Contact Details for Morris State Bank, the provider of this debt consolidation loan

  • Morris State Bank
  • City: Morris
  • State: Minnesota
  • Address: Main Street
  • County: Stevens
  • Zip code: 56267

Cherri has a sad current yearly income, but has a large amount of prospects

Cherri has always wanted to be a labor relations advisor, but would need attend Fort Pierce Beauty Academy again to achieve it. Cherri has other prospects as well, including environmental disease analyst, obstetrician, and logging worker supervisor, which pay $57,000 through to $90,000 per year, at least. Because of this, we believe that Cherri can afford this debt consolidation loan of $92000.

Before applying for this debt consolidation loan, Cherri had an Experian score of 710, which is good, so Morris State Bank probably cannot provide Cherri a debt consolidation loan

Experian Score: 710

9 Months Ago, Cherri Tried Finding a High Risk Loan for $22,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Cherri. Cherri decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Clients with credit ratings as low as 430 can apply for a high risk loan and possibly can be approved.

Paraphrased and Standardized Quote from Cherri for this debt consolidation loan of $92000, provided by Morris State Bank

Hi, I am Cherri and my hometown is Morris in Minnesota. Stevens, county is where I grew up, and now I need a debt consolidation loan in Minnesota for $92000 to buy a big ticket item. It has been difficult, but Morris State Bank really came through for me with this loan for 10.7% interest APR and a term of 10 years. I can repay the loan over the 10 year term, including interest. A big thanks to Morris State Bank for giving me a chance and my good credit. It look me 4 years to build my credit to 691, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Previous requests on Cherri’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$24890.00 9 6.6% $306.26 Marquette Bank Cannon Falls April 8, 2010
$25290.00 11 11.4% $336.99 Root River State Bank September 29, 2012
$24750.00 11 11.6% $332.69 Clinton State Bank March 13, 2014
$25250.00 9 11.3% $373.5 Peoples State Bank of Plainview March 29, 2015

Several other requests for credit have been made by Cherri in the past, including one from Citizens Bank and Trust Company in Morris, Minnesota before Cherri was accepted for the $92000 by Morris State Bank

Cherri made 4 previous attempts to obtain a debt consolidation loan, 2 of which were with Citizens Bank and Trust Company, a bank in Morris, Minnesota known to specialize in debt consolidation loans specifically. Before finding Morris State Bank, Cherri was concerned due to their inexperience and good credit score.

Cherri’s Transunion score was altered by the debt consolidation loan loan, changing to 674 from 691, which is typical in our experience.

Transunion Score: 674

Cherri’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their medical assistant job and their future career as a labor relations advisor

Fico Score: 691

Conclusion of Cherri’s debt consolidation loan

In the end, Cherri was able to find a debt consolidation loan for $92000 with an interest rate of 10.5% interest APR from Morris State Bank in Morris, Minnesota repayable over 10 years from today.

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.