$124000 Unsecured Loan – Salida Colorado, Credit Score Of 571
- Experian: 584 – They had a fair Experian score
- Transunion: 557 – Nickolas had a fair credit score with Transunion.
- Equifax: Nickolas’s Experian score was 571, which is a fair credit rating with the Experian rating scheme.
Nickolas has a low current gross income, but has a large amount of prospects
Nickolas has always wanted to be a medical transcriptionist, but would have to attend Central Arkansas Veterans Healthcare System again to achieve it. Nickolas has other prospects as well, including answering service operator, court clerk, and city planning aide, which pay $54,000 through to $100,000 per year, at least. For this reason, we think that Nickolas can pay for this unsecured loan of $124000.
Installment loan for Nickolas, a graduate of Central Arkansas Veterans Healthcare System and an alcohol & drug abuse assistance coordinator working for over $77,000 per year
Nickolas, an alumnus at Central Arkansas Veterans Healthcare System and an alcohol & drug abuse assistance coordinator in Salida, Colorado needs an unsecured loan to purchase a house. Nickolas has instead decided to obtain an installment loan for $19,000 and is at present seeking lenders like Colorado State Bank and Trust, N. A. to provide it.
Nickolas’s Transunion score was altered by the unsecured loan loan, changing to 557 from 571, which is normal in our experience.
Personal Loan for an alcohol & drug abuse assistance coordinator named Nickolas in Salida, Colorado to Pay Off Berkshire Municipal Bank Visa Signature Bonus Rewards Card
Nickolas had a tonne of credit card debt on their Sunoco SunTrak Fleet Card and their AOPA Rewards American Express Card, and they were starting to get in over their heads. Despite Nickolas’s job as an alcohol & drug abuse assistance coordinator, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Contact Details for High Country Bank, the provider of this unsecured loan
- High Country Bank
- City: Salida
- State: Colorado
- Address: 7360 West Us Highway 50
- County: Chaffee
- Zip code: 81201
Before applying for this unsecured loan, Nickolas had an Experian score of 584, which is fair, so High Country Bank probably cannot provide Nickolas an unsecured loan
Nickolas was not approved by The First National Bank of Cripple Creek 5 times prior to being granted funding by High Country Bank at 7360 West Us Highway 50
On November 18, 2008, Nickolas applied about borrowing $6,000 from Colorado National Bank – Exchange with Winter, their in law from just outside Salida, and even with the co-signer, Nickolas was rejected for this unsecured loan. With fair credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Fast Loans for Nickolas in Salida, Colorado to prevent bankruptcy or harm from debt collectors.
Fast loans in Salida, Colorado aren’t actually that difficult to obtain, particularly if you have some gumption like Nickolas. Nickolas was able to find a fast loan for $124000 from Norwest Bank Colorado Springs, National Association and Western Community Bank, but declined both offers in favor of their unsecured loan from High Country 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 7 weeks for personal loans. Much better if a borrower is in a time sensitive situation.
When Nickolas was 21, they tried to obtain a student loan from 4 different banks, which harmed their credit score. Below is a list of Nickolas’s prior attempts at finding a student loan:
- Attempt 1) Loan for $35,000.00 on November 1, 2012
- Attempt 2) Loan for $20,000.00 on April 25, 2013
- Attempt 3) Loan for $24,000.00 on November 9, 2010
- Attempt 4) Loan for $34,000.00 on October 26, 2011
Signature Loan acquired in Salida, Colorado for $124000 with fair credit by Nickolas
Many prospective borrowers have difficulty with finding signature loans in Salida, Colorado, and Nickolas is no exception. Nickolas went to 7 lenders or more prior to finding High Country Bank, who offered Nickolas a signature loan for $124000. Typical signature loans simply need a client, like Nickolas’s signature to obtain them, up to $22,000 in some cases. Nickolas was able to get $124000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans do not require collateral, they generally need higher credit, as high as 741
- Full name (Changed if requested): Nickolas Pinkleton
- Current Credit: loans.hit.utils.Fico@70177ecd
- Current City: Salida
- State: Colorado
- Zip code: 81203
- Yearly income: $46,000
- Current Job: alcohol & drug abuse assistance coordinator
- Current County: Chaffee
- Goal Yearly Income: $100,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Nickolas’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their alcohol & drug abuse assistance coordinator job and their future career as a medical transcriptionist
Paraphrased and Standardized Quote from Nickolas for this unsecured loan of $124000, provided by High Country Bank
Hi, I am Nickolas and my hometown is Salida in Colorado. Chaffee, county is where I grew up, and now I need a unsecured loan in Colorado for $124000 to avoid bankruptcy. It wasn’t easy, but High Country Bank really came through for me with this loan for 11.6% interest APR and a term of 14 years. I can repay the loan over the 14 year term, including interest. A big thanks to High Country Bank for giving me a chance and my fair credit. It look me 5 years to build my credit to 571, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.
9 Months in the Past, Nickolas Attempted Finding a High Risk Loan for $33,000.00, and it was Hard
It is an well known struggle for borrowers 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 Nickolas. Nickolas chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit applicants. Clients with credit scores as low as 520 can apply for a high risk loan and possibly can be accepted.
Previous requests on Nickolas’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$138330.00||10||8.1%||$1685.64||Affiliated National Bank – Delta||March 1, 2010|
|$138230.00||5||10.5%||$2971.1||Central Bank, National Association||July 2, 2014|
|$137580.00||11||5.3%||$1377.69||The Colorado Bank and Trust Company of La Junta||March 8, 2015|
|$137890.00||8||5.6%||$1785.33||Colorado State Bank and Trust, N. A.||April 10, 2015|
|$138370.00||11||11.3%||$1835.71||Mountain Parks Bank – West||August 30, 2015|
Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans vary from $22,000.00 to $50,000.00. They are typically used to pay off existing high interest loans like credit cards. Nickolas required a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Nickolas was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.8%.
Many previous requests for credit have been made by Nickolas in the past, including one from First Chicago Bank of Lincoln Park in Salida, Colorado before Nickolas was approved for the $124000 by High Country Bank
Nickolas made 5 previous tries to obtain an unsecured loan, 2 of which were with First Chicago Bank of Lincoln Park, a lender in Salida, Colorado known to specialize in unsecured loans specifically. Prior to finding High Country Bank, Nickolas was very concerned due to their inexperience and fair credit rating.
Conclusion of Nickolas’s unsecured loan
In the end, Nickolas was able to find an unsecured loan for $124000 with an interest rate of 8.5% interest APR from High Country Bank in Salida, Colorado repayable over 14 years from today.