$18000 Secured Loan – Montpelier Ohio, Credit Score Of 675
- Experian: 685 – The client had a good Experian score
- Transunion: 663 – Brian had a good credit rating with Transunion.
- Equifax: Brian’s Experian score was 675, which is a good credit score with the Experian system.
Fast Loans for Brian in Montpelier, Ohio to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Montpelier, Ohio aren’t actually that difficult to obtain, especially if you have some gumption like Brian. Brian was able to find a fast loan for $18000 from The Ohio Valley Bank Company and The Peoples Savings Bank Company, but declined both offers in favor of their secured loan from National Bank of Montpelier. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better if a client is in a pinch.
Before applying for this secured loan, Brian had an Experian score of 685, which is good, so National Bank of Montpelier likely cannot provide Brian a secured loan
Brian’s Overall FICO score at the time of acceptance for a secured loan, taking into account their automotive body repairer job and their future job as a pediatrician
- Full name (Changed if requested): Brian Riesner
- Current Credit: loans.hit.utils.Fico@3830f1c0
- Current City: Montpelier
- State: Ohio
- Zip code: 43544
- Yearly income: $35,000
- Current Job: automotive body repairer
- Current County: Williams
- Goal Yearly Income: $116,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000
Personal Loan for an automotive body repairer named Brian in Montpelier, Ohio to Pay Off US Bank Cash+ Visa Signature Card
Brian had a tonne of credit card debt on their Northwestern University Platinum MasterCard and their GoodGuys Rod & Custom Association Rewards Visa Card, and they were starting to get in over their heads. Despite Brian’s job as an automotive body repairer, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Brian was declined by PNC Bank, Ohio, National Association 6 times prior to being approved by National Bank of Montpelier at 302 West Main Street
On January 7, 2009, Brian inquired about borrowing $43,000 from First National Bank of Middletown with Milly, their friend from just outside Montpelier, and even with the co-signer, Brian was rejected for this secured loan. With good credit, it can be difficult to obtain funding, even with collateral and a co-signer.
Brian has a very low current yearly income, but has a high number of prospects
Brian has always wanted to be a pediatrician, but would need attend Marian University again to become one. Brian has other prospects as well, including ceramic engineer, petroleum geologist, and photo-optics technician, which pay $56,000 through to $101,000 per year, at least. Because of this, we believe that Brian can pay for this secured loan of $18000.
When Brian was 24, they tried to obtain a student loan from 6 different banks, which harmed their credit rating. Below is a list of Brian’s previous attempts at finding a student loan:
- Attempt 1) Loan for $28,000.00 on October 14, 2009
- Attempt 2) Loan for $21,000.00 on March 31, 2012
- Attempt 3) Loan for $39,000.00 on December 14, 2012
- Attempt 4) Loan for $32,000.00 on November 29, 2011
- Attempt 5) Loan for $30,000.00 on April 4, 2010
- Attempt 6) Loan for $26,000.00 on July 15, 2009
Contact Details for National Bank of Montpelier, the provider of this secured loan
- National Bank of Montpelier
- City: Montpelier
- State: Ohio
- Address: 302 West Main Street
- County: Williams
- Zip code: 43543
Paraphrased and Standardized Quote from Brian for this secured loan of $18000, provided by National Bank of Montpelier
Hello, I am Brian and my hometown is Montpelier in Ohio. Williams, county is where I grew up, and now I need a secured loan in Ohio for $18000 to avoid bankruptcy. It wasn’t easy, but National Bank of Montpelier really came through for me with this loan for 8.8% interest APR and a term of 14 years. I can probably repay the loan over the 14 year term, including interest. A big thanks to National Bank of Montpelier for trusting me and my good credit. It look me 6 years to create my credit to 675, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.
Signature Loan found in Montpelier, Ohio for $18000 with good credit by Brian
A lot of prospective borrowers have difficulty with obtaining signature loans in Montpelier, Ohio, and Brian is no different. Brian went to 8 lending institutions or more before settling on National Bank of Montpelier, who offered Brian a signature loan for $18000. Typical signature loans simply require a client, like Brian’s signature to get them, up to $47,000 in some cases. Brian was able to get $18000 as a secured loan, which is very high for a secured loan. Since signature loans don’t need collateral, they tend to need improved credit, as high as 760
Multiple previous requests for credit have been made by Brian in the past, including one from Mountain West Bank in Montpelier, Ohio before Brian was approved for the $18000 by National Bank of Montpelier
Brian made 7 previous tries to obtain a secured loan, 2 of which were with Mountain West Bank, a bank in Montpelier, Ohio known to specialize in secured loans specifically. Before finding National Bank of Montpelier, Brian was very concerned due to their inexperience and good credit score.
6 Months Ago, Brian Attempted Finding a High Risk Loan for $27,000.00, but They Didn’t Find What They were Expecting
It is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Brian. Brian decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Individuals with credit ratings as low as 387 can inquire for a high risk loan and have a chance to be approved.
Previous requests on Brian’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$84410.00||9||8.8%||$1134.23||The Vinton Banking Company||February 26, 2012|
|$83760.00||9||10.6%||$1206.62||The Ohio Valley Bank Company||December 3, 2013|
|$84480.00||3||11.5%||$2785.81||The Citizens Bank||February 3, 2015|
|$83760.00||10||10.5%||$1130.22||The Peoples Bank||May 10, 2015|
Installment loan for Brian, a graduate of Marian University and an automotive body repairer working for over $71,000 per year
Brian, an alumnus at Marian University and an automotive body repairer in Montpelier, Ohio wants a secured loan to purchase something frivolous. Brian has instead decided to obtain an installment loan for $25,000 and is currently seeking lenders like The Fifth Third Bank to process their request.
Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans range from $30,000.00 to $45,000.00. They are mainly used to pay off existing high interest loans like credit cards. Brian required a debt consolidation loan to pay for their existing secured loan and their credit card. Brian was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.2%.
Brian’s Transunion score was altered by the secured loan loan, changing to 663 from 675, which is normal in our experience.
Conclusion of Brian’s secured loan
In the end, Brian was able to find a secured loan for $18000 with an interest rate of 8.3% interest APR from National Bank of Montpelier in Montpelier, Ohio repayable over 14 years from today.