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Justin Nickerson’s No Collateral Loan For 108000 Dollars In Cherokee Iowa

$108000 No Collateral Loan – Cherokee Iowa, Credit Rating Of 803

  • Experian: 819 – They had an excellent Experian score
  • Transunion: 789 – Justin had an excellent credit score with Transunion.
  • Equifax: Justin’s Experian score was 803, which is an excellent credit rating using the Experian rating scheme.

Justin was declined by American Interstate Bank 5 times prior to being granted funding by Cherokee State Bank at 212 West Willow Street

On December 12, 2011, Justin applied about borrowing $47,000 from Security State Bank with Louetta, their in law from just outside Cherokee, and even with the co-signer, Justin was rejected for this no collateral loan. With excellent credit, it can be challenging to procure financing, even with collateral and a co-signer.

When Justin was 19, they attempted to obtain a student loan from 5 alternate lenders, which harmed their credit rating. Below is a list of Justin’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on June 11, 2011
  • Attempt 2) Loan for $34,000.00 on April 18, 2011
  • Attempt 3) Loan for $24,000.00 on June 2, 2009
  • Attempt 4) Loan for $28,000.00 on March 27, 2010
  • Attempt 5) Loan for $29,000.00 on May 23, 2010
Client Profile: Justin Nickerson of Cherokee, Iowa
  • Full name (Changed if requested): Justin Nickerson
  • Current Credit: loans.hit.utils.Fico@17a7cec2
  • Current City: Cherokee
  • State: Iowa
  • Zip code: 51013
  • Yearly income: $49,000
  • Current Job: petroleum laboratory assistant
  • Current County: Cherokee
  • Goal Yearly Income: $130,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Paraphrased and Standardized Quote from Justin for this no collateral loan of $108000, provided by Cherokee State Bank

Hi, I am Justin and my hometown is Cherokee in Iowa. Cherokee, county is where I grew up, and now I need a no collateral loan in Iowa for $108000 to renovate my home. It has been difficult, but Cherokee State Bank really came through for me with this loan for 5.2% interest APR and a term of 4 years. I can probably repay the loan over the 4 year term, including interest. A big thanks to Cherokee State Bank for trusting me and my excellent credit. It look me 5 years to build my credit to 803, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.

Multiple previous requests for credit have been made by Justin in the past, including one from The Lowndes Bank in Cherokee, Iowa before Justin was approved for the $108000 by Cherokee State Bank

Justin made 7 previous attempts to obtain a no collateral loan, 2 of which were with The Lowndes Bank, a lending institution in Cherokee, Iowa known to specialize in no collateral loans specifically. Before finding Cherokee State Bank, Justin was very concerned due to their inexperience and excellent credit score.

Signature Loan acquired in Cherokee, Iowa for $108000 with excellent credit by Justin

Many clients have difficulty with obtaining signature loans in Cherokee, Iowa, and Justin is the same. Justin went to 6 lending institutions or more before finding Cherokee State Bank, who offered Justin a signature loan for $108000. Typical signature loans simply need a client, like Justin’s signature to get them, up to $47,000 in some cases. Justin was able to get $108000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans don’t require collateral, these loans generally require better credit, as high as 766

Before applying for this no collateral loan, Justin had an Experian score of 819, which is excellent, so Cherokee State Bank most likely cannot provide Justin a no collateral loan

Experian Score: 819

Personal Loan for a petroleum laboratory assistant named Justin in Cherokee, Iowa to Pay Off Victoria’s Secret Angel Credit Card

Justin had a lot of credit card debt on their M&T Visa Credit Card with Rewards and their Nordstrom Visa Signature Card, and they were starting to get in over their heads. Despite Justin’s job as a petroleum laboratory assistant, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Justin’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their petroleum laboratory assistant job and their future job as a travel writer

Fico Score: 803

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $31,000.00 to $46,000.00. They are typically used to pay off existing high interest loans like credit cards. Justin required a debt consolidation loan to pay for their existing no collateral loan and their payday loan. Justin was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your dirty, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.1%.

Installment loan for Justin, a graduate of Midwest Institute of Massage Therapy and a petroleum laboratory assistant working for over $76,000 per year

Justin, an alumnus at Midwest Institute of Massage Therapy and a petroleum laboratory assistant in Cherokee, Iowa wants a no collateral loan to purchase something frivolous. Justin has instead chosen to get an installment loan for $14,000 and is at present seeking lenders like American State Bank to provide it.

Previous requests on Justin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$72190.00 4 8.8% $1789.6 Mills County Bank National Association June 19, 2013
$71530.00 8 10.7% $1112.08 Postville State Bank June 28, 2014
$72350.00 3 10.3% $2344.73 Washington State Bank December 7, 2014
$72420.00 9 11.6% $1083.37 Rippey Savings Bank March 16, 2015
$72490.00 9 10.4% $1036.33 Iowa State Bank July 3, 2015

9 Months in the Past, Justin Attempted to Find a High Risk Loan for $35,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for clients to find high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Justin. Justin decided not to obtain a high risk loan this time. High Risk loans are given to bad credit clients. Individuals with credit scores as low as 438 can inquire for a high risk loan and possibly can be approved.

Contact Details for Cherokee State Bank, the provider of this no collateral loan

  • Cherokee State Bank
  • City: Cherokee
  • State: Iowa
  • Address: 212 West Willow Street
  • County: Cherokee
  • Zip code: 51012

Justin’s Transunion score was altered by the no collateral loan loan, changing to 789 from 803, which is typical in our experience.

Transunion Score: 789

Fast Loans for Justin in Cherokee, Iowa to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Cherokee, Iowa aren’t actually that difficult to obtain, especially if you have some finesse like Justin. Justin was able to find a fast loan for $108000 from Washington State Bank and West Side State Savings Bank, but turned down both offers in favor of their no collateral loan from Cherokee State Bank. The difference 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 improvement in the case that you are in a pinch.

Justin has a sad current total income, but has a high number of prospects

Justin has always wanted to be a travel writer, but would have to attend Midwest Institute of Massage Therapy again to become one. Justin has other possibilities as well, including marine architect, missing person investigator, and aerospace engineering technician, which pay $56,000 through to $106,000 per year, on average. For this reason, we think that Justin can pay for this no collateral loan of $108000.

Conclusion of Justin’s no collateral loan

In the end, Justin was able to find a no collateral loan for $108000 with an interest rate of 8.0% interest APR from Cherokee State Bank in Cherokee, Iowa repayable over 4 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.