$16000 Signature Loan – Minneapolis Minnesota, Credit Score Of 387
- Experian: 399 – This individual had a terrible Experian rating
- Transunion: 371 – Son had a terrible credit score with Transunion.
- Equifax: Son’s Experian score was 387, which is a terrible credit rating using the Experian scale.
Before applying for this signature loan, Son had an Experian score of 399, which is terrible, so Stonebridge Bank most likely cannot provide Son a signature loan
Previous requests on Son’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$53710.00||3||9.2%||$1712.97||Marquette Bank Cannon Falls||November 6, 2009|
|$54410.00||6||6.5%||$914.63||Root River State Bank||April 7, 2012|
|$53820.00||10||11.5%||$756.68||Clinton State Bank||April 8, 2014|
|$53710.00||5||11.5%||$1181.22||Peoples State Bank of Plainview||December 8, 2014|
|$53520.00||6||5.7%||$879.42||Security State Bank of Wykoff||January 15, 2015|
Son’s Overall FICO score at the time of acceptance for a signature loan, taking into account their agricultural crop farm manager job and their future career as a quarry worker
Fast Loans for Son in Minneapolis, Minnesota to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Minneapolis, Minnesota aren’t actually that difficult to obtain, particularly if you have some gumption like Son. Son was able to find a fast loan for $16000 from Ormsby State Bank and Peoples State Bank of Plainview, but declined both offers in favor of their signature loan from Stonebridge Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big improvement in the case that a borrower is in a time sensitive situation.
Son has a very low current gross income, but has a large amount of prospects
Son has always wanted to be a quarry worker, but would need attend Southern Nazarene University again to achieve it. Son has other possibilities as well, including family caseworker, home economics teacher, and military analyst, which pay $53,000 through to $94,000 per year, at least. Because of this, we think that Son can afford this signature loan of $16000.
When Son was 18, they tried to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a chronology of Son’s prior attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on November 16, 2012
- Attempt 2) Loan for $20,000.00 on October 26, 2010
- Attempt 3) Loan for $26,000.00 on November 29, 2013
- Attempt 4) Loan for $20,000.00 on May 5, 2010
Contact Details for Stonebridge Bank, the provider of this signature loan
- Stonebridge Bank
- City: Minneapolis
- State: Minnesota
- Address: 903 Washington Avenue South
- County: Hennepin
- Zip code: 55415
Paraphrased and Standardized Quote from Son for this signature loan of $16000, provided by Stonebridge Bank
Hello, I am Son and I’m from Minneapolis in Minnesota. Hennepin, county is where I grew up, and now I need a signature loan in Minnesota for $16000 to pay bills. It has been difficult, but Stonebridge Bank really came through for me with this loan for 6.3% interest APR and a term of 3 years. I can probably repay the loan over the 3 year term, including interest. A big thanks to Stonebridge Bank for trusting me and my terrible credit. It look me 4 years to build my credit to 387, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans vary from $32,000.00 to $46,000.00. They are mainly used to pay off existing high interest loans like credit cards. Son needed a debt consolidation loan to pay for their existing signature loan and their payday loan. Son was able to find a signature loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.7%.
Son’s Transunion score was altered by the signature loan loan, changing to 371 from 387, which is normal in our experience.
6 Months in the Past, Son Attempted to Find a High Risk Loan for $36,000.00, and it was Easy
It is an existing struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Son. Son decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Borrowers with credit ratings as low as 574 can apply for a high risk loan and have a chance to be accepted.
Installment loan for Son, a graduate of Southern Nazarene University and an agricultural crop farm manager working for over $78,000 per year
Son, an alumnus at Southern Nazarene University and an agricultural crop farm manager in Minneapolis, Minnesota needs a signature loan to purchase a new cell phone. Son has instead decided to obtain an installment loan for $24,000 and is currently seeking lenders like Minnwest Bank Central to provide it.
Son was not approved by Norwest Bank Sauk Rapids, National Association 6 times before being approved by Stonebridge Bank at 903 Washington Avenue South
On November 5, 2011, Son applied about borrowing $30,000 from State Bank of Danvers with Babette, their in law from just outside Minneapolis, and even with the co-signer, Son was rejected for this signature loan. With terrible credit, it can be very hard to obtain funding, even with collateral and a co-signer.
Signature Loan easily acquired in Minneapolis, Minnesota for $16000 with terrible credit by Son
Most borrowers struggle with finding signature loans in Minneapolis, Minnesota, and Son is the same. Son went to 7 lending institutions or more before finding Stonebridge Bank, who offered Son a signature loan for $16000. Typical signature loans simply require a client, like Son’s signature to get them, up to $34,000 in some cases. Son was able to get $16000 as a signature loan, which is very high for a signature loan. Since signature loans do not need a cosigner, these loans generally need higher credit, as high as 736
Personal Loan for an agricultural crop farm manager named Son in Minneapolis, Minnesota to Pay Off Cincinnati Reds BankAmericard Cash Rewards MasterCard
Son had a tonne of credit card debt on their Plains Commerce Bank Visa Gold Card and their NBT Bank Visa Business Bonus Rewards Card, and they were starting to get in over their heads. Despite Son’s job as an agricultural crop farm manager, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Multiple past requests for credit have been made by Son in the past, including one from The Bank of Juda in Minneapolis, Minnesota before Son was accepted for the $16000 by Stonebridge Bank
Son made 9 prior attempts to obtain a signature loan, 2 of which were with The Bank of Juda, a lender in Minneapolis, Minnesota known to specialize in signature loans specifically. Prior to finding Stonebridge Bank, Son was very concerned due to their inexperience and terrible credit score.
- Full name (Changed if requested): Son Baynes
- Current Credit: loans.hit.utils.Fico@1c4af82c
- Current City: Minneapolis
- State: Minnesota
- Zip code: 55418
- Yearly income: $38,000
- Current Job: agricultural crop farm manager
- Current County: Hennepin
- Goal Yearly Income: $99,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Conclusion of Son’s signature loan
In the end, Son was able to find a signature loan for $16000 with an interest rate of 8.6% interest APR from Stonebridge Bank in Minneapolis, Minnesota repayable over 3 years from now.