$176000 No Collateral Loan – Sioux Falls South Dakota, Credit Rating Of 691
- Experian: 704 – This individual had a good Experian score
- Transunion: 679 – Coleman had a good credit rating with Transunion.
- Equifax: Coleman’s Experian score was 691, which is a good credit score with the Experian scale.
Several previous requests for credit have been made by Coleman in the past, including one from Jacksonville National Bank in Sioux Falls, South Dakota before Coleman was accepted for the $176000 by Home Federal Bank
Coleman made 4 prior attempts to obtain a no collateral loan, 2 of which were with Jacksonville National Bank, a lender in Sioux Falls, South Dakota known to specialize in no collateral loans specifically. Prior to finding Home Federal Bank, Coleman was very concerned due to their inexperience and good credit rating.
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans range from $21,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Coleman required a debt consolidation loan to pay for their existing no collateral loan and their payday loan. Coleman was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your bad, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.3%.
Personal Loan for a marine/port engineer named Coleman in Sioux Falls, South Dakota to Pay Off People’s United Bank Platinum MasterCard
Coleman had a lot of credit card debt on their Wisdom Financial Services Rewards Visa and their Coppermark Bank Credit Cards, and they were starting to get in over their heads. Despite Coleman’s job as a marine/port engineer, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Previous requests on Coleman’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$37600.00||10||11.7%||$532.95||The Peoples Bank||May 2, 2011|
|$37560.00||6||5.1%||$606.65||First State Bank of Claremont||May 31, 2012|
|$38350.00||8||6.1%||$505.84||Security State Bank||March 13, 2013|
|$38240.00||9||11.6%||$572.05||First Western Bank||April 13, 2014|
|$37600.00||5||7.6%||$755.21||Western Dakota Bank||February 12, 2015|
Coleman has a disappointing current yearly income, but has a high number of prospects
Coleman has always wanted to be an insurance appraiser, but would have to attend Greensboro College again to become one. Coleman has other prospects as well, including ceiling tile installer, geography professor, and airline flight reservations administrator, which pay $57,000 through to $106,000 per year, on average. Because of this, we think that Coleman can afford this no collateral loan of $176000.
Fast Loans for Coleman in Sioux Falls, South Dakota to prevent bankruptcy or harm from debt collectors.
Fast loans in Sioux Falls, South Dakota aren’t actually that difficult to obtain, particularly if you have some gumption like Coleman. Coleman was able to find a fast loan for $176000 from Badlands State Bank and Commercial Trust and Savings Bank, but turned down both offers in favor of their no collateral loan from Home Federal Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement in the case that you are in a time sensitive situation.
Before applying for this no collateral loan, Coleman had an Experian score of 704, which is good, so Home Federal Bank most likely can provide Coleman a no collateral loan
Contact Details for Home Federal Bank, the provider of this no collateral loan
- Home Federal Bank
- City: Sioux Falls
- State: South Dakota
- Address: Main Ave At 11th Street
- County: Minnehaha
- Zip code: 57104
Installment loan for Coleman, a graduate of Greensboro College and a marine/port engineer working for over $71,000 per year
Coleman, an alumnus at Greensboro College and a marine/port engineer in Sioux Falls, South Dakota wants a no collateral loan to purchase a car. Coleman has instead decided to get an installment loan for $20,000 and is at present seeking lenders like Western Dakota Bank to provide it.
- Full name (Changed if requested): Coleman Blackstock
- Current Credit: loans.hit.utils.Fico@3830f1c0
- Current City: Sioux Falls
- State: South Dakota
- Zip code: 57110
- Yearly income: $68,000
- Current Job: marine/port engineer
- Current County: Minnehaha
- Goal Yearly Income: $120,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Coleman was not approved by Norwest State Bank 4 times before being accepted by Home Federal Bank at Main Ave At 11th Street
On November 16, 2009, Coleman inquired about borrowing $7,000 from Security State Bank with Rocio, their in law from just outside Sioux Falls, and even with the co-signer, Coleman was rejected for this no collateral loan. With good credit, it can be challenging to procure financing, even with collateral and a co-signer.
Coleman’s Transunion score was altered by the no collateral loan loan, changing to 679 from 691, which is normal in our experience.
Signature Loan easily acquired in Sioux Falls, South Dakota for $176000 with good credit by Coleman
Most clients struggle with obtaining signature loans in Sioux Falls, South Dakota, and Coleman is the same. Coleman went to 7 lenders or more before settling on Home Federal Bank, who offered Coleman a signature loan for $176000. Most signature loans simply need a client, like Coleman’s signature to get them, up to $39,000 in some cases. Coleman was able to get $176000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans don’t need a cosigner, these loans generally require improved credit, as high as 723
Coleman’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their marine/port engineer job and their future career as an insurance appraiser
When Coleman was 20, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a chronology of Coleman’s prior attempts at finding a student loan:
- Attempt 1) Loan for $21,000.00 on August 20, 2011
- Attempt 2) Loan for $26,000.00 on June 9, 2010
- Attempt 3) Loan for $32,000.00 on September 18, 2011
- Attempt 4) Loan for $26,000.00 on March 21, 2010
7 Months in the Past, Coleman Attempted Finding a High Risk Loan for $24,000.00, but They Didn’t Find What They were Expecting
There is an well known struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Coleman. Coleman decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit individuals. Borrowers with credit scores as low as 341 can apply for a high risk loan and may be be approved.
Paraphrased and Standardized Quote from Coleman for this no collateral loan of $176000, provided by Home Federal Bank
Hello, I am Coleman and I am from Sioux Falls in South Dakota. Minnehaha, county is where I grew up, and now I need a no collateral loan in South Dakota for $176000 to buy a car. It wasn’t easy, but Home Federal Bank really came through for me with this loan for 10.3% interest APR and a term of 10 years. I can repay the loan over the 10 year term, including interest. A big thanks to Home Federal Bank for giving me a chance and my good credit. It look me 5 years to build my credit to 691, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.
Conclusion of Coleman’s no collateral loan
In the end, Coleman was able to find a no collateral loan for $176000 with an interest rate of 11.4% interest APR from Home Federal Bank in Sioux Falls, South Dakota repayable over 10 years from today.