$84000 Personal Loan – Waconia Minnesota, Credit Score Of 454
- Experian: 473 – The client had a bad Experian score
- Transunion: 436 – Timmy had a bad credit rating with Transunion.
- Equifax: Timmy’s Experian score was 454, which is a bad credit score using the Experian system.
When Timmy was 18, they tried to obtain a student loan from 6 different lenders, which damaged their credit score. Below is a list of Timmy’s prior attempts at finding a student loan:
- Attempt 1) Loan for $25,000.00 on December 11, 2010
- Attempt 2) Loan for $38,000.00 on January 25, 2014
- Attempt 3) Loan for $25,000.00 on February 6, 2009
- Attempt 4) Loan for $36,000.00 on May 10, 2014
- Attempt 5) Loan for $37,000.00 on September 4, 2013
- Attempt 6) Loan for $32,000.00 on August 8, 2011
Signature Loan easily acquired in Waconia, Minnesota for $84000 with bad credit by Timmy
Most clients struggle with obtaining signature loans in Waconia, Minnesota, and Timmy is the same. Timmy went to 4 lending institutions or more before finding The First National Bank of Waconia, who offered Timmy a signature loan for $84000. Typical signature loans simply require a client, like Timmy’s signature to get them, up to $33,000 in some cases. Timmy was able to get $84000 as a personal loan, which is very high for a personal loan. Since signature loans do not require collateral, they generally require better credit, as high as 773
Paraphrased and Standardized Quote from Timmy for this personal loan of $84000, provided by The First National Bank of Waconia
Hi, I am Timmy and my hometown is Waconia in Minnesota. Carver, county is where I grew up, and now I need a personal loan in Minnesota for $84000 to buy a big ticket item. It wasn’t easy, but The First National Bank of Waconia really came through for me with this loan for 11.6% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to The First National Bank of Waconia for trusting me and my bad credit. It look me 5 years to create my credit to 454, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.
Timmy has a low current total income, but has several of prospects
Timmy has always wanted to be a mechanical inspector, but would need attend Stevens-Henager College-Ogden again to become one. Timmy has other possibilities as well, including motion picture director, highway maintenance worker, and government budget analyst, which pay $55,000 through to $97,000 per year, on average. For this reason, we think that Timmy can pay for this personal loan of $84000.
Many previous requests for credit have been made by Timmy in the past, including one from Citizens National Bank of Concord in Waconia, Minnesota before Timmy was approved for the $84000 by The First National Bank of Waconia
Timmy made 5 previous attempts to obtain a personal loan, 2 of which were with Citizens National Bank of Concord, a lending institution in Waconia, Minnesota known to specialize in personal loans specifically. Before finding The First National Bank of Waconia, Timmy was desperate due to their inexperience and bad credit rating.
Installment loan for Timmy, a graduate of Stevens-Henager College-Ogden and a radio & tv station administrator working for over $73,000 per year
Timmy, an alumnus at Stevens-Henager College-Ogden and a radio & tv station administrator in Waconia, Minnesota needs a personal loan to purchase a car. Timmy has instead decided to get an installment loan for $22,000 and is at present seeking lenders like Forest Lake State Bank to process their request.
Timmy’s Transunion score was altered by the personal loan loan, changing to 436 from 454, which is typical in our experience.
Contact Details for The First National Bank of Waconia, the provider of this personal loan
- The First National Bank of Waconia
- City: Waconia
- State: Minnesota
- Address: 53 West Main Street
- County: Carver
- Zip code: 55387
Fast Loans for Timmy in Waconia, Minnesota to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Waconia, Minnesota aren’t actually that difficult to obtain, especially if you have some finesse like Timmy. Timmy was able to find a fast loan for $84000 from Lakes State Bank and Marquette Bank Cannon Falls, but declined both offers in favor of their personal loan from The First National Bank of Waconia. 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 7 weeks for debt consolidation loans. A big difference in the case that you are in a pinch.
Before applying for this personal loan, Timmy had an Experian score of 473, which is bad, so The First National Bank of Waconia most likely cannot provide Timmy a personal loan
- Full name (Changed if requested): Timmy Maysonet
- Current Credit: loans.hit.utils.Fico@4b85612c
- Current City: Waconia
- State: Minnesota
- Zip code: 55388
- Yearly income: $43,000
- Current Job: radio & tv station administrator
- Current County: Carver
- Goal Yearly Income: $84,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Previous requests on Timmy’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$98120.00||6||6.2%||$1635.41||Marquette Bank Cannon Falls||February 21, 2010|
|$97890.00||5||9.5%||$2055.87||Root River State Bank||July 21, 2010|
|$98270.00||6||11.2%||$1880.56||Clinton State Bank||August 20, 2010|
|$98180.00||5||5.6%||$1879.89||Peoples State Bank of Plainview||November 5, 2010|
Personal Loan for a radio & tv station administrator named Timmy in Waconia, Minnesota to Pay Off PenFed Platinum Cash Rewards Visa Card
Timmy had a tonne of credit card debt on their Fordham University Visa Credit Card and their Berkshire Municipal Bank Visa Business Bonus Rewards Card, and they were starting to get in over their heads. Despite Timmy’s job as a radio & tv station administrator, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $31,000.00 to $45,000.00. They are typically used to pay off existing high interest loans like credit cards. Timmy needed a debt consolidation loan to pay for their existing personal loan and their credit card. Timmy was able to find a personal loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.2%.
8 Months Ago, Timmy Tried to Find a High Risk Loan for $24,000.00, and it was Easy
There is an well known struggle for clients to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Timmy. Timmy decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Clients with credit ratings as low as 320 can inquire for a high risk loan and may be be approved.
Timmy’s Overall FICO score at the time of acceptance for a personal loan, taking into account their radio & tv station administrator job and their future job as a mechanical inspector
Timmy was not approved by Red Rock Bank 6 times prior to being accepted by The First National Bank of Waconia at 53 West Main Street
On January 28, 2013, Timmy applied about borrowing $11,000 from Peoples State Bank of Plainview with Weldon, their friend from just outside Waconia, and even with the co-signer, Timmy was rejected for this personal loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Conclusion of Timmy’s personal loan
In the end, Timmy was able to find a personal loan for $84000 with an interest rate of 11.2% interest APR from The First National Bank of Waconia in Waconia, Minnesota repayable over 22 years from now.