$196000 High Risk Loan – De Soto Kansas, Credit Rating Of 697
- Experian: 715 – This client had a good Experian score
- Transunion: 685 – Federico had a good credit score with Transunion.
- Equifax: Federico’s Experian score was 697, which is a good credit rating on the Experian rating scheme.
Signature Loan found in De Soto, Kansas for $196000 with good credit by Federico
Many borrowers have difficulty with finding signature loans in De Soto, Kansas, and Federico is no different. Federico went to 8 lending institutions or more before settling on TriCentury Bank, who offered Federico a signature loan for $196000. Most signature loans simply need a client, like Federico’s signature to get them, up to $35,000 in some cases. Federico was able to get $196000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t require a cosigner, these loans tend to require improved credit, as high as 772
Several past requests for credit have been made by Federico in the past, including one from Nittany Bank in De Soto, Kansas before Federico was accepted for the $196000 by TriCentury Bank
Federico made 5 prior attempts to obtain a high risk loan, 2 of which were with Nittany Bank, a bank in De Soto, Kansas known to specialize in high risk loans specifically. Prior to finding TriCentury Bank, Federico was concerned due to their inexperience and good credit score.
6 Months Ago, Federico Attempted to Find a High Risk Loan for $30,000.00, but They Didn’t Find What They were Expecting
There is an ongoing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Federico. Federico chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Borrowers with credit ratings as low as 440 can inquire for a high risk loan and possibly can be accepted.
Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans vary from $23,000.00 to $43,000.00. They are mainly used to pay off existing high interest loans like credit cards. Federico required a debt consolidation loan to pay for their existing high risk loan and their credit card. Federico was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.7%.
Federico was declined by The Morrill and Janes Bank and Trust Company 5 times prior to being approved by TriCentury Bank at 33485 Lexington Avenue
On March 16, 2012, Federico applied about borrowing $8,000 from Citizens State Bank with Rosalba, their in law from just outside De Soto, and even with the co-signer, Federico was rejected for this high risk loan. With good credit, it can be difficult to procure funding, even with collateral and a co-signer.
Contact Details for TriCentury Bank, the provider of this high risk loan
- TriCentury Bank
- City: De Soto
- State: Kansas
- Address: 33485 Lexington Avenue
- County: Johnson
- Zip code: 66018
Before applying for this high risk loan, Federico had an Experian score of 715, which is good, so TriCentury Bank likely cannot provide Federico a high risk loan
Federico’s Transunion score was altered by the high risk loan loan, changing to 685 from 697, which is normal in our experience.
Personal Loan for a restaurant manager named Federico in De Soto, Kansas to Pay Off Payoneer CashLynk Prepaid MasterCard
Federico had a lot of credit card debt on their Lanpass Visa Signature Card and their Sunoco Universal Fleet Card, and they were starting to get in over their heads. Despite Federico’s job as a restaurant manager, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
When Federico was 19, they tried to obtain a student loan from 5 different lenders, which damaged their credit rating. Below is a chronology of Federico’s previous attempts at finding a student loan:
- Attempt 1) Loan for $25,000.00 on May 21, 2013
- Attempt 2) Loan for $33,000.00 on May 18, 2012
- Attempt 3) Loan for $32,000.00 on October 31, 2008
- Attempt 4) Loan for $23,000.00 on April 25, 2013
- Attempt 5) Loan for $31,000.00 on February 13, 2010
Federico’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their restaurant manager job and their future career as a mining machine operator
Installment loan for Federico, a graduate of Lesley University and a restaurant manager working for over $64,000 per year
Federico, an alumnus at Lesley University and a restaurant manager in De Soto, Kansas needs a high risk loan to purchase a house. Federico has instead decided to get an installment loan for $24,000 and is currently seeking lenders like The Farmers State Bank of Oakley, Kansas to provide it.
- Full name (Changed if requested): Federico Nazareno
- Current Credit: loans.hit.utils.Fico@61e717c2
- Current City: De Soto
- State: Kansas
- Zip code: 66019
- Yearly income: $30,000
- Current Job: restaurant manager
- Current County: Johnson
- Goal Yearly Income: $140,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $0
Fast Loans for Federico in De Soto, Kansas to prevent bankruptcy or harm from debt collectors.
Fast loans in De Soto, Kansas aren’t actually that difficult to obtain, especially if you have some finesse like Federico. Federico was able to find a fast loan for $196000 from The Fidelity State Bank and Farmers and Merchants Bank, but turned down both offers in favor of their high risk loan from TriCentury Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better if you are in a time sensitive situation.
Paraphrased and Standardized Quote from Federico for this high risk loan of $196000, provided by TriCentury Bank
Hi, I am Federico and my hometown is De Soto in Kansas. Johnson, county is where I grew up, and now I need a high risk loan in Kansas for $196000 to buy a car. It wasn’t easy, but TriCentury Bank really came through for me with this loan for 11.4% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to TriCentury Bank for trusting me and my good credit. It look me 5 years to create my credit to 697, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.
Federico has a disappointing current gross income, but has several of prospects
Federico has always wanted to be a mining machine operator, but would have to attend Lesley University again to become one. Federico has other prospects as well, including bank examiner, operations management analyst, and industrial arts teacher, which pay $57,000 through to $107,000 per year, at least. Because of this, we think that Federico can afford this high risk loan of $196000.
Previous requests on Federico’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$61670.00||11||9.4%||$751.31||Citizens Bank and Trust Company||January 24, 2009|
|$62330.00||7||5.7%||$901.61||The Morrill and Janes Bank and Trust Company||January 30, 2013|
|$62330.00||9||10.6%||$897.9||The Citizens State Bank, Liberal, Kansas||May 13, 2013|
|$62120.00||9||5.3%||$724.48||Citizens State Bank||August 17, 2013|
Conclusion of Federico’s high risk loan
In the end, Federico was able to find a high risk loan for $196000 with an interest rate of 11.4% interest APR from TriCentury Bank in De Soto, Kansas repayable over 15 years from today.