$4000 High Risk Loan – Monett Missouri, Credit Score Of 817
- Experian: 827 – They had an excellent Experian rating
- Transunion: 803 – Charlene had an excellent credit score with Transunion.
- Equifax: Charlene’s Experian score was 817, which is an excellent credit rating using the Experian rating scheme.
Paraphrased and Standardized Quote from Charlene for this high risk loan of $4000, provided by Mercantile Bank of Monett
Hello, I am Charlene and I am from Monett in Missouri. Barry, county is where I grew up, and now I need a high risk loan in Missouri for $4000 to pay bills. It wasn’t easy, but Mercantile Bank of Monett really came through for me with this loan for 9.8% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to Mercantile Bank of Monett for trusting me and my excellent credit. It look me 4 years to build my credit to 817, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.
- Full name (Changed if requested): Charlene Sarchet
- Current Credit: loans.hit.utils.Fico@65b3120a
- Current City: Monett
- State: Missouri
- Zip code: 65714
- Yearly income: $55,000
- Current Job: hand and portable tool mechanic
- Current County: Barry
- Goal Yearly Income: $83,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Before applying for this high risk loan, Charlene had an Experian score of 827, which is excellent, so Mercantile Bank of Monett likely cannot provide Charlene a high risk loan
Installment loan for Charlene, a graduate of Graceland University and a hand and portable tool mechanic working for over $66,000 per year
Charlene, an alumnus at Graceland University and a hand and portable tool mechanic in Monett, Missouri needs a high risk loan to purchase a new cell phone. Charlene has instead chosen to get an installment loan for $14,000 and is at present seeking lenders like Union Planters Bank of Missouri to process their request.
Fast Loans for Charlene in Monett, Missouri to prevent bankruptcy or harm from debt collectors.
Fast loans in Monett, Missouri aren’t actually that difficult to obtain, especially if you have some gumption like Charlene. Charlene was able to find a fast loan for $4000 from Mercantile Bank of Franklin County and The Baden Bank of St. Louis, but turned down both offers in favor of their high risk loan from Mercantile Bank of Monett. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big difference if a client is in a pinch.
Charlene’s Transunion score was changed by the high risk loan loan, changing to 803 from 817, which is normal in our experience.
Contact Details for Mercantile Bank of Monett, the provider of this high risk loan
- Mercantile Bank of Monett
- City: Monett
- State: Missouri
- Address: 322 Broadway
- County: Barry
- Zip code: 65708
Personal Loan for a hand and portable tool mechanic named Charlene in Monett, Missouri to Pay Off Fifth Third Platinum Card
Charlene had a tonne of credit card debt on their U.S. Pride BankAmericard Cash Rewards Visa Card and their NFL Extra Points, and they were starting to get in over their heads. Despite Charlene’s job as a hand and portable tool mechanic, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.
8 Months Ago, Charlene Tried to Find a High Risk Loan for $44,000.00, and it was Easy
There is an well known 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 frightening to borrowers like Charlene. Charlene decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Individuals with credit scores as low as 321 can inquire for a high risk loan and possibly can be approved.
Previous requests on Charlene’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$137770.00||10||11.5%||$1936.98||Camden County Bank||September 25, 2012|
|$137800.00||6||8.2%||$2429.56||Glasgow Savings Bank||February 5, 2013|
|$137670.00||11||5.1%||$1364.87||Central Bank||May 3, 2013|
|$138190.00||8||11.4%||$2200.67||Midwest BankCentre||April 23, 2014|
Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Average debt consolidation loans range from $27,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Charlene required a debt consolidation loan to pay for their existing high risk loan and their payday loan. Charlene 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 less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.5%.
Charlene has a sad current yearly income, but has a high number of prospects
Charlene has always wanted to be a telecommunications technician, but would need attend Graceland University again to achieve it. Charlene has other prospects as well, including sales representative, sanitary engineer, and massage therapist, which pay $57,000 through to $91,000 per year, at least. For this reason, we think that Charlene can pay for this high risk loan of $4000.
When Charlene was 20, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a chronology of Charlene’s prior attempts at finding a student loan:
- Attempt 1) Loan for $28,000.00 on July 10, 2011
- Attempt 2) Loan for $36,000.00 on September 10, 2013
- Attempt 3) Loan for $26,000.00 on February 28, 2010
- Attempt 4) Loan for $30,000.00 on May 23, 2011
Charlene was declined by Jefferson Bank and Trust Company 5 times before being granted funding by Mercantile Bank of Monett at 322 Broadway
On August 11, 2011, Charlene applied about borrowing $14,000 from Central West End Bank with Delmer, their in law from just outside Monett, and even with the co-signer, Charlene was rejected for this high risk loan. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.
Multiple other requests for credit have been made by Charlene in the past, including one from First Fidelity Bank, National Association, County in Monett, Missouri before Charlene was approved for the $4000 by Mercantile Bank of Monett
Charlene made 8 previous tries to obtain a high risk loan, 2 of which were with First Fidelity Bank, National Association, County, a bank in Monett, Missouri known to specialize in high risk loans specifically. Before finding Mercantile Bank of Monett, Charlene was very concerned due to their inexperience and excellent credit rating.
Charlene’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their hand and portable tool mechanic job and their future job as a telecommunications technician
Signature Loan easily acquired in Monett, Missouri for $4000 with excellent credit by Charlene
Many borrowers have difficulty with finding signature loans in Monett, Missouri, and Charlene is no different. Charlene went to 8 lenders or more prior to settling on Mercantile Bank of Monett, who offered Charlene a signature loan for $4000. Most signature loans simply require a client, like Charlene’s signature to obtain them, up to $27,000 in some cases. Charlene was able to get $4000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not require a cosigner, these loans tend to need improved credit, as high as 708
Conclusion of Charlene’s high risk loan
In the end, Charlene was able to find a high risk loan for $4000 with an interest rate of 5.4% interest APR from Mercantile Bank of Monett in Monett, Missouri repayable over 22 years from today.