Do you have over $10,000 in Debt? Get Help now.

Vickie Needed A Secured Loan For $135000, Beloit, Wisconsin

$135000 Secured Loan – Beloit Wisconsin, Credit Score Of 775

  • Experian: 787 – The client had an excellent Experian score
  • Transunion: 758 – Vickie had an excellent credit score with Transunion.
  • Equifax: Vickie’s Experian score was 775, which is an excellent credit rating with the Experian system.

Installment loan for Vickie, a graduate of Morgan Community College and a parts salesperson working for over $65,000 per year

Vickie, an alumnus at Morgan Community College and a parts salesperson in Beloit, Wisconsin needs a secured loan to purchase a car. Vickie has instead chosen to obtain an installment loan for $26,000 and is at present seeking lenders like United Bank and Trust of Madison to process their request.

Signature Loan acquired in Beloit, Wisconsin for $135000 with excellent credit by Vickie

A lot of borrowers struggle with finding signature loans in Beloit, Wisconsin, and Vickie is the same. Vickie went to 6 lending institutions or more before finding Heritage Bank Beloit, who offered Vickie a signature loan for $135000. Typical signature loans simply require a client, like Vickie’s signature to get them, up to $29,000 in some cases. Vickie was able to get $135000 as a secured loan, which is very high for a secured loan. Because signature loans do not need a cosigner, they generally require better credit, as high as 701

Client Profile: Vickie Odonoghue of Beloit, Wisconsin
  • Full name (Changed if requested): Vickie Odonoghue
  • Current Credit: loans.hit.utils.Fico@30dae81
  • Current City: Beloit
  • State: Wisconsin
  • Zip code: 53515
  • Yearly income: $59,000
  • Current Job: parts salesperson
  • Current County: Rock
  • Goal Yearly Income: $106,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Contact Details for Heritage Bank Beloit, the provider of this secured loan

  • Heritage Bank Beloit
  • City: Beloit
  • State: Wisconsin
  • Address: 500 East Grand Avenue
  • County: Rock
  • Zip code: 53511

9 Months in the Past, Vickie Tried Finding a High Risk Loan for $48,000.00, and it was Easy

It is an well known struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Vickie. Vickie chose not to get a high risk loan this time. High Risk loans are given to very low credit individuals. Individuals with credit ratings as low as 311 can inquire for a high risk loan and may be be approved.

Before applying for this secured loan, Vickie had an Experian score of 787, which is excellent, so Heritage Bank Beloit likely cannot provide Vickie a secured loan

Experian Score: 787

Vickie was declined by Citizens State Bank 7 times before being approved by Heritage Bank Beloit at 500 East Grand Avenue

On October 27, 2009, Vickie inquired about borrowing $39,000 from Kilbourn State Bank with Kaye, their in law from just outside Beloit, and even with the co-signer, Vickie was rejected for this secured loan. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.

Vickie’s Overall FICO score at the time of acceptance for a secured loan, taking into account their parts salesperson job and their future job as a range manager

Fico Score: 775

Several previous requests for credit have been made by Vickie in the past, including one from First State Bank in Tuscola in Beloit, Wisconsin before Vickie was accepted for the $135000 by Heritage Bank Beloit

Vickie made 7 prior attempts to obtain a secured loan, 2 of which were with First State Bank in Tuscola, a lending institution in Beloit, Wisconsin known to specialize in secured loans specifically. Before finding Heritage Bank Beloit, Vickie was very concerned due to their inexperience and excellent credit rating.

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

Normal debt consolidation loans vary from $21,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Vickie needed a debt consolidation loan to pay for their existing secured loan and their credit card. Vickie was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.1%.

Fast Loans for Vickie in Beloit, Wisconsin to prevent bankruptcy or harm from debt collectors.

Fast loans in Beloit, Wisconsin aren’t actually that difficult to obtain, particularly if you have some gumption like Vickie. Vickie was able to find a fast loan for $135000 from The Bank of Brodhead and Kilbourn State Bank, but turned down both offers in favor of their secured loan from Heritage Bank Beloit. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. Much better in the case that you are on the go.

When Vickie was 22, they tried to obtain a student loan from 6 alternate banks, which damaged their credit score. Below is a chronology of Vickie’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on May 30, 2010
  • Attempt 2) Loan for $38,000.00 on April 21, 2009
  • Attempt 3) Loan for $38,000.00 on July 22, 2013
  • Attempt 4) Loan for $31,000.00 on December 23, 2011
  • Attempt 5) Loan for $34,000.00 on May 20, 2012
  • Attempt 6) Loan for $26,000.00 on July 29, 2012

Paraphrased and Standardized Quote from Vickie for this secured loan of $135000, provided by Heritage Bank Beloit

Hello, I am Vickie and my hometown is Beloit in Wisconsin. Rock, county is where I grew up, and now I need a secured loan in Wisconsin for $135000 to avoid bankruptcy. It has been difficult, but Heritage Bank Beloit really came through for me with this loan for 7.5% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to Heritage Bank Beloit for trusting me and my excellent credit. It look me 9 years to build my credit to 775, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Vickie’s Transunion score was altered by the secured loan loan, changing to 758 from 775, which is normal in our experience.

Transunion Score: 758

Previous requests on Vickie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$144390.00 10 5.7% $1581.36 M&I Bank of Burlington September 25, 2012
$143560.00 5 11.8% $3178.92 M&I Marshall and Ilsley Bank September 16, 2014
$144180.00 4 8.8% $3574.25 Continental Bank & Trust Co. April 4, 2015
$143800.00 5 11.4% $3155.32 Clare Bank, National Association July 3, 2015
$143810.00 5 7.1% $2854.4 Norwest Bank Wisconsin East Central September 5, 2015

Personal Loan for a parts salesperson named Vickie in Beloit, Wisconsin to Pay Off UNFCU Gold Credit Card

Vickie had a lot of credit card debt on their Speedway SuperAmerica MasterCard and their Pittsburgh Pirates BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Vickie’s job as a parts salesperson, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Vickie has a sad current yearly income, but has several of prospects

Vickie has always wanted to be a range manager, but would have to attend Morgan Community College again to become one. Vickie has other possibilities as well, including health care facilities inspector, parking enforcement officer, and religious institution education coordinator, which pay $52,000 through to $98,000 per year, at least. Because of this, we believe that Vickie can afford this secured loan of $135000.

Conclusion of Vickie’s secured loan

In the end, Vickie was able to find a secured loan for $135000 with an interest rate of 6.3% interest APR from Heritage Bank Beloit in Beloit, Wisconsin repayable over 24 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.