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21 Year, Fixed Interest Private Loan For Abigail In Minnesota

$108000 Private Loan – East Grand Forks Minnesota, Credit Score Of 787

  • Experian: 806 – They had an excellent Experian score
  • Transunion: 775 – Abigail had an excellent credit score with Transunion.
  • Equifax: Abigail’s Experian score was 787, which is an excellent credit rating using the Experian system.

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $21,000.00 to $45,000.00. They are typically used to pay off existing high interest loans like credit cards. Abigail needed a debt consolidation loan to pay for their existing private loan and their loan shark loan. Abigail was able to find a private loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 3.0%.

Client Profile: Abigail Thell of East Grand Forks, Minnesota
  • Full name (Changed if requested): Abigail Thell
  • Current Credit: loans.hit.utils.Fico@1b2c6ec2
  • Current City: East Grand Forks
  • State: Minnesota
  • Zip code: 56725
  • Yearly income: $30,000
  • Current Job: unemployment inspector
  • Current County: Polk
  • Goal Yearly Income: $106,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Abigail was not approved by Atwater State Bank 7 times prior to being approved by Community Bank of the Red River Valley at 1413 Central Avenue, N.W.

On January 13, 2012, Abigail inquired about borrowing $40,000 from Marquette Bank Cannon Falls with Sheryll, their in law from just outside East Grand Forks, and even with the co-signer, Abigail was rejected for this private loan. With excellent credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Abigail’s Transunion score was altered by the private loan loan, changing to 775 from 787, which is normal in our experience.

Transunion Score: 775

Abigail has a very low current total income, but has several of prospects

Abigail has always wanted to be a pilot, but would need attend Northwestern Memorial Hospital again to become one. Abigail has other possibilities as well, including ship mate, word processing specialist, and sociology professor, which pay $58,000 through to $101,000 per year, at least. For this reason, we think that Abigail can pay for this private loan of $108000.

Abigail’s Overall FICO score at the time of acceptance for a private loan, taking into account their unemployment inspector job and their future career as a pilot

Fico Score: 787

Several past requests for credit have been made by Abigail in the past, including one from The Bank of Seattle in East Grand Forks, Minnesota before Abigail was accepted for the $108000 by Community Bank of the Red River Valley

Abigail made 8 previous tries to obtain a private loan, 2 of which were with The Bank of Seattle, a lender in East Grand Forks, Minnesota known to specialize in private loans specifically. Prior to finding Community Bank of the Red River Valley, Abigail was very concerned due to their inexperience and excellent credit score.

Fast Loans for Abigail in East Grand Forks, Minnesota to prevent bankruptcy or harm from debt collectors.

Fast loans in East Grand Forks, Minnesota aren’t actually that difficult to obtain, particularly if you have some gumption like Abigail. Abigail was able to find a fast loan for $108000 from Marquette Bank Cannon Falls and Security State Bank of Wykoff, but turned down both offers in favor of their private loan from Community Bank of the Red River Valley. 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 debt consolidation loans. A big improvement if a client is in a time sensitive situation.

Personal Loan for an unemployment inspector named Abigail in East Grand Forks, Minnesota to Pay Off Vision Premier Visa Prepaid Card

Abigail had a lot of credit card debt on their Fulton Bank College Rewards Visa Card and their The Swedish-American Chambers of Commerce, Inc. Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Abigail’s job as an unemployment inspector, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Contact Details for Community Bank of the Red River Valley, the provider of this private loan

  • Community Bank of the Red River Valley
  • City: East Grand Forks
  • State: Minnesota
  • Address: 1413 Central Avenue, N.W.
  • County: Polk
  • Zip code: 56721

When Abigail was 19, they tried to obtain a student loan from 6 alternate banks, which damaged their credit rating. Below is a list of Abigail’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on April 9, 2011
  • Attempt 2) Loan for $25,000.00 on January 21, 2011
  • Attempt 3) Loan for $35,000.00 on March 31, 2013
  • Attempt 4) Loan for $30,000.00 on December 19, 2008
  • Attempt 5) Loan for $37,000.00 on July 20, 2010
  • Attempt 6) Loan for $38,000.00 on December 10, 2008

9 Months Ago, Abigail Attempted to Find a High Risk Loan for $37,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Abigail. Abigail decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit applicants. Borrowers with credit scores as low as 421 can apply for a high risk loan and may be be approved.

Before applying for this private loan, Abigail had an Experian score of 806, which is excellent, so Community Bank of the Red River Valley likely cannot provide Abigail a private loan

Experian Score: 806

Signature Loan found in East Grand Forks, Minnesota for $108000 with excellent credit by Abigail

Many clients have difficulty with finding signature loans in East Grand Forks, Minnesota, and Abigail is no different. Abigail went to 8 lending institutions or more prior to settling on Community Bank of the Red River Valley, who offered Abigail a signature loan for $108000. Most signature loans simply need a client, like Abigail’s signature to get them, up to $34,000 in some cases. Abigail was able to get $108000 as a private loan, which is very high for a private loan. Because signature loans don’t need collateral, they generally require better credit, as high as 782

Previous requests on Abigail’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$62460.00 4 5.8% $1461.15 Marquette Bank Cannon Falls September 19, 2009
$61640.00 3 8.6% $1948.68 Root River State Bank October 13, 2009
$62120.00 5 6.2% $1206.74 Clinton State Bank May 3, 2011
$61670.00 7 11.7% $1078.77 Peoples State Bank of Plainview July 14, 2011
$62100.00 11 6.4% $656.53 Security State Bank of Wykoff March 29, 2012

Installment loan for Abigail, a graduate of Northwestern Memorial Hospital and an unemployment inspector working for over $74,000 per year

Abigail, an alumnus at Northwestern Memorial Hospital and an unemployment inspector in East Grand Forks, Minnesota needs a private loan to purchase a car. Abigail has instead chosen to obtain an installment loan for $26,000 and is currently seeking lenders like Citizens Alliance Bank to process their request.

Paraphrased and Standardized Quote from Abigail for this private loan of $108000, provided by Community Bank of the Red River Valley

Hello, I am Abigail and my hometown is East Grand Forks in Minnesota. Polk, county is where I grew up, and now I need a private loan in Minnesota for $108000 to pay bills. It wasn’t easy, but Community Bank of the Red River Valley really came through for me with this loan for 6.0% interest APR and a term of 21 years. I can probably repay the loan over the 21 year term, including interest. A big thanks to Community Bank of the Red River Valley for giving me a chance and my excellent credit. It look me 5 years to build my credit to 787, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.

Conclusion of Abigail’s private loan

In the end, Abigail was able to find a private loan for $108000 with an interest rate of 8.3% interest APR from Community Bank of the Red River Valley in East Grand Forks, Minnesota repayable over 21 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.