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9 Month, Variable Interest High Risk Loan For Odell In Montana

$75000 High Risk Loan – Laurel Montana, Credit Rating Of 713

  • Experian: 724 – This individual had a good Experian rating
  • Transunion: 694 – Odell had a good credit rating with Transunion.
  • Equifax: Odell’s Experian score was 713, which is a good credit rating on the Experian scale.

Multiple past requests for credit have been made by Odell in the past, including one from New Orleans Federal Savings and Loan Association in Laurel, Montana before Odell was approved for the $75000 by The Yellowstone Bank

Odell made 7 previous tries to obtain a high risk loan, 2 of which were with New Orleans Federal Savings and Loan Association, a lending institution in Laurel, Montana known to specialize in high risk loans specifically. Before finding The Yellowstone Bank, Odell was desperate due to their inexperience and good credit score.

Contact Details for The Yellowstone Bank, the provider of this high risk loan

  • The Yellowstone Bank
  • City: Laurel
  • State: Montana
  • Address: 12 First Avenue
  • County: Yellowstone
  • Zip code: 59044

Fast Loans for Odell in Laurel, Montana to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Laurel, Montana aren’t actually that difficult to obtain, particularly if you have some finesse like Odell. Odell was able to find a fast loan for $75000 from Bank of Montana Shelby and Norwest Bank Helena, National Association, but turned down both offers in favor of their high risk loan from The Yellowstone Bank. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better if you are in a time sensitive situation.

Installment loan for Odell, a graduate of Virginia Commonwealth University and a cartographer working for over $77,000 per year

Odell, an alumnus at Virginia Commonwealth University and a cartographer in Laurel, Montana wants a high risk loan to purchase a car. Odell has instead chosen to obtain an installment loan for $22,000 and is currently seeking lenders like Farmers State Bank to process their request.

Odell has a sad current total income, but has a large amount of prospects

Odell has always wanted to be a security guard, but would need attend Virginia Commonwealth University again to become one. Odell has other prospects as well, including tool & machine designer, insurance agent, and computer applications engineer, which pay $51,000 through to $96,000 per year, at least. Because of this, we think that Odell can pay for this high risk loan of $75000.

When Odell was 18, they attempted to obtain a student loan from 4 alternate lenders, which damaged their credit rating. Below is a chronology of Odell’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on February 6, 2011
  • Attempt 2) Loan for $29,000.00 on March 5, 2011
  • Attempt 3) Loan for $22,000.00 on July 2, 2009
  • Attempt 4) Loan for $28,000.00 on August 3, 2010

Personal Loan for a cartographer named Odell in Laurel, Montana to Pay Off Wells Fargo Business Elite Card

Odell had a tonne of credit card debt on their Celebrity Cruises Visa Signature Credit Card and their RBC Visa Platinum Avion, and they were starting to get in over their heads. Despite Odell’s job as a cartographer, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Odell’s Transunion score was altered by the high risk loan loan, changing to 694 from 713, which is typical in our experience.

Transunion Score: 694

Paraphrased and Standardized Quote from Odell for this high risk loan of $75000, provided by The Yellowstone Bank

Hello, I am Odell and I am from Laurel in Montana. Yellowstone, county is where I grew up, and now I need a high risk loan in Montana for $75000 to avoid bankruptcy. It has been difficult, but The Yellowstone Bank really came through for me with this loan for 11.6% interest APR and a term of 9 years. I will repay the loan over the 9 year term, including interest. A big thanks to The Yellowstone Bank for giving me a chance and my good credit. It look me 4 years to create my credit to 713, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

Previous requests on Odell’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$89270.00 8 7.4% $1234.93 Western Bank of Wolf Point October 22, 2009
$88510.00 7 9.6% $1451.14 Farmers State Bank December 9, 2012
$88660.00 5 8.5% $1819.0 Bank of Montana Shelby December 5, 2013
$89460.00 7 7.5% $1372.16 Security State Bank, Harlem, Montana February 17, 2014

7 Months Ago, Odell Tried to Find a High Risk Loan for $41,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for borrowers to get high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Odell. Odell chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit clients. Borrowers with credit ratings as low as 416 can apply for a high risk loan and may be be approved.

Before applying for this high risk loan, Odell had an Experian score of 724, which is good, so The Yellowstone Bank likely cannot provide Odell a high risk loan

Experian Score: 724

Signature Loan acquired in Laurel, Montana for $75000 with good credit by Odell

A lot of borrowers struggle with obtaining signature loans in Laurel, Montana, and Odell is not an exception. Odell went to 8 lenders or more before finding The Yellowstone Bank, who offered Odell a signature loan for $75000. Most signature loans simply need a client, like Odell’s signature to get them, up to $44,000 in some cases. Odell was able to get $75000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not require a cosigner, they generally need better credit, as high as 799

Odell’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their cartographer job and their future job as a security guard

Fico Score: 713

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $27,000.00 to $49,000.00. They are normally used to pay off existing high interest loans like credit cards. Odell required a debt consolidation loan to pay for their existing high risk loan and their payday loan. Odell was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your dirty, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.4%.

Odell was not approved by First Montana Bank, Inc. 7 times before being accepted by The Yellowstone Bank at 12 First Avenue

On August 5, 2013, Odell inquired about borrowing $17,000 from Bank of Montana Glasgow with Eliana, their friend from just outside Laurel, and even with the co-signer, Odell was rejected for this high risk loan. With good credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Client Profile: Odell Trichel of Laurel, Montana
  • Full name (Changed if requested): Odell Trichel
  • Current Credit: loans.hit.utils.Fico@470e2030
  • Current City: Laurel
  • State: Montana
  • Zip code: 59046
  • Yearly income: $47,000
  • Current Job: cartographer
  • Current County: Yellowstone
  • Goal Yearly Income: $90,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Conclusion of Odell’s high risk loan

In the end, Odell was able to find a high risk loan for $75000 with an interest rate of 5.3% interest APR from The Yellowstone Bank in Laurel, Montana repayable over 9 years from now.

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.