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Personal Loan For $20000 Near 56634, Minnesota With A Credit Score Of 504

$20000 Personal Loan – Clearbrook Minnesota, Credit Rating Of 504

  • Experian: 519 – This client had a fair Experian score
  • Transunion: 492 – Keshia had a fair credit score with Transunion.
  • Equifax: Keshia’s Experian score was 504, which is a fair credit rating using the Experian scale.

Keshia’s Overall FICO score at the time of acceptance for a personal loan, taking into account their casting director job and their future job as a building inspector

Fico Score: 504

Fast Loans for Keshia in Clearbrook, Minnesota to prevent bankruptcy or harm from debt collectors.

Fast loans in Clearbrook, Minnesota aren’t actually that difficult to obtain, particularly if you have some gumption like Keshia. Keshia was able to find a fast loan for $20000 from Root River State Bank and Valley Bank Dundas, but turned down both offers in favor of their personal loan from First State Bank of Clearbrook. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big difference in the case that a borrower is on the go.

Keshia has a very low current yearly income, but has a high number of prospects

Keshia has always wanted to be a building inspector, but would have to attend Tennessee College of Applied Technology – Memphis again to achieve it. Keshia has other possibilities as well, including real estate assessor, brattice builder, and billing specialist, which pay $50,000 through to $109,000 per year, on average. For this reason, we think that Keshia can afford this personal loan of $20000.

Installment loan for Keshia, a graduate of Tennessee College of Applied Technology – Memphis and a casting director working for over $65,000 per year

Keshia, an alumnus at Tennessee College of Applied Technology – Memphis and a casting director in Clearbrook, Minnesota needs a personal loan to purchase a car. Keshia has instead chosen to obtain an installment loan for $18,000 and is currently seeking lenders like Arlington State Bank to process their request.

When Keshia was 22, they tried to obtain a student loan from 5 different lenders, which harmed their credit score. Below is a chronology of Keshia’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on May 21, 2009
  • Attempt 2) Loan for $39,000.00 on May 20, 2010
  • Attempt 3) Loan for $23,000.00 on October 3, 2012
  • Attempt 4) Loan for $21,000.00 on March 18, 2012
  • Attempt 5) Loan for $39,000.00 on January 29, 2009

Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $35,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Keshia required a debt consolidation loan to pay for their existing personal loan and their credit card. Keshia was able to find a personal loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.4%.

Personal Loan for a casting director named Keshia in Clearbrook, Minnesota to Pay Off Harley-Davidson Visa High Performance Credit Card

Keshia had a tonne of credit card debt on their PNC Bank Travel Rewards Visa Business Credit Card and their Thomasville Credit Card, and they were starting to get in over their heads. Despite Keshia’s job as a casting director, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Many past requests for credit have been made by Keshia in the past, including one from First Bank & Trust Company in Clearbrook, Minnesota before Keshia was accepted for the $20000 by First State Bank of Clearbrook

Keshia made 5 previous tries to obtain a personal loan, 2 of which were with First Bank & Trust Company, a lending institution in Clearbrook, Minnesota known to specialize in personal loans specifically. Prior to finding First State Bank of Clearbrook, Keshia was very concerned due to their inexperience and fair credit rating.

Previous requests on Keshia’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$128630.00 10 6.5% $1460.57 Marquette Bank Cannon Falls December 17, 2008
$128510.00 10 8.7% $1607.12 Root River State Bank May 14, 2011
$129290.00 5 5.3% $2457.67 Clinton State Bank September 5, 2012
$128730.00 7 7.6% $1980.86 Peoples State Bank of Plainview July 27, 2013
$128720.00 9 10.2% $1826.18 Security State Bank of Wykoff March 20, 2014

Signature Loan found in Clearbrook, Minnesota for $20000 with fair credit by Keshia

A lot of prospective borrowers struggle with finding signature loans in Clearbrook, Minnesota, and Keshia is not an exception. Keshia went to 8 lending institutions or more prior to finding First State Bank of Clearbrook, who offered Keshia a signature loan for $20000. Most signature loans simply require a client, like Keshia’s signature to get them, up to $32,000 in some cases. Keshia was able to get $20000 as a personal loan, which is very high for a personal loan. Since signature loans do not require a cosigner, they tend to require better credit, as high as 700

Client Profile: Keshia Wann of Clearbrook, Minnesota
  • Full name (Changed if requested): Keshia Wann
  • Current Credit: loans.hit.utils.Fico@4bf558aa
  • Current City: Clearbrook
  • State: Minnesota
  • Zip code: 56638
  • Yearly income: $65,000
  • Current Job: casting director
  • Current County: Clearwater
  • Goal Yearly Income: $118,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Keshia was rejected by Minnwest Bank Central 7 times before being accepted by First State Bank of Clearbrook at 123 Main Street South

On April 10, 2012, Keshia inquired about borrowing $47,000 from Forest Lake State Bank with Rosalva, their in law from just outside Clearbrook, and even with the co-signer, Keshia was rejected for this personal loan. With fair credit, it can be very hard to procure funding, even with collateral and a co-signer.

Contact Details for First State Bank of Clearbrook, the provider of this personal loan

  • First State Bank of Clearbrook
  • City: Clearbrook
  • State: Minnesota
  • Address: 123 Main Street South
  • County: Clearwater
  • Zip code: 56634

Before applying for this personal loan, Keshia had an Experian score of 519, which is fair, so First State Bank of Clearbrook most likely cannot provide Keshia a personal loan

Experian Score: 519

Paraphrased and Standardized Quote from Keshia for this personal loan of $20000, provided by First State Bank of Clearbrook

Hi, I am Keshia and my hometown is Clearbrook in Minnesota. Clearwater, county is where I grew up, and now I need a personal loan in Minnesota for $20000 to pay bills. It has been difficult, but First State Bank of Clearbrook really came through for me with this loan for 6.4% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to First State Bank of Clearbrook for giving me a chance and my fair credit. It look me 5 years to build my credit to 504, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.

Keshia’s Transunion score was changed by the personal loan loan, changing to 492 from 504, which is normal in our experience.

Transunion Score: 492

9 Months Ago, Keshia Attempted Finding a High Risk Loan for $25,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for clients to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Keshia. Keshia chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Clients with credit ratings as low as 493 can apply for a high risk loan and possibly can be approved.

Conclusion of Keshia’s personal loan

In the end, Keshia was able to find a personal loan for $20000 with an interest rate of 5.0% interest APR from First State Bank of Clearbrook in Clearbrook, Minnesota repayable over 16 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.

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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.