$46000 Secured Loan – Long Prairie Minnesota, Credit Rating Of 331
- Experian: 348 – This client had a terrible Experian rating
- Transunion: 316 – Reanna had a terrible credit rating with Transunion.
- Equifax: Reanna’s Experian score was 331, which is a terrible credit rating on the Experian system.
Previous requests on Reanna’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$64250.00||4||7.6%||$1556.49||Marquette Bank Cannon Falls||December 30, 2009|
|$64400.00||5||8.1%||$1308.88||Root River State Bank||January 14, 2014|
|$63550.00||10||7.7%||$761.0||Clinton State Bank||January 2, 2015|
|$64340.00||11||6.2%||$673.59||Peoples State Bank of Plainview||June 5, 2015|
Installment loan for Reanna, a graduate of The College of New Rochelle and an electrical drafter working for over $65,000 per year
Reanna, an alumnus at The College of New Rochelle and an electrical drafter in Long Prairie, Minnesota wants a secured loan to purchase a car. Reanna has instead chosen to obtain an installment loan for $15,000 and is currently seeking lenders like O’Connor Bros. State Bank of Renville to process their request.
Reanna’s Transunion score was changed by the secured loan loan, changing to 316 from 331, which is normal in our experience.
Fast Loans for Reanna in Long Prairie, Minnesota to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Long Prairie, Minnesota aren’t actually that difficult to obtain, especially if you have some gumption like Reanna. Reanna was able to find a fast loan for $46000 from Kensington Bank and Minnwest Bank Central, but turned down both offers in favor of their secured loan from Todd County State Bank. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big improvement in the case that a client is in a pinch.
When Reanna was 23, they attempted to obtain a student loan from 5 different lenders, which harmed their credit score. Below is a list of Reanna’s previous attempts at finding a student loan:
- Attempt 1) Loan for $29,000.00 on September 20, 2010
- Attempt 2) Loan for $30,000.00 on December 1, 2011
- Attempt 3) Loan for $27,000.00 on March 7, 2012
- Attempt 4) Loan for $37,000.00 on January 6, 2013
- Attempt 5) Loan for $27,000.00 on January 19, 2010
Before applying for this secured loan, Reanna had an Experian score of 348, which is terrible, so Todd County State Bank likely cannot provide Reanna a secured loan
- Full name (Changed if requested): Reanna Donson
- Current Credit: loans.hit.utils.Fico@41a4555e
- Current City: Long Prairie
- State: Minnesota
- Zip code: 56354
- Yearly income: $58,000
- Current Job: electrical drafter
- Current County: Todd
- Goal Yearly Income: $142,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
8 Months Ago, Reanna Attempted Finding a High Risk Loan for $35,000.00, and it was Easy
It is an ongoing struggle for borrowers to find high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Reanna. Reanna decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Individuals with credit ratings as low as 419 can apply for a high risk loan and possibly can be accepted.
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $23,000.00 to $44,000.00. They are normally used to pay off existing high interest loans like credit cards. Reanna required a debt consolidation loan to pay for their existing secured loan and their payday loan. Reanna 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 dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.5%.
Paraphrased and Standardized Quote from Reanna for this secured loan of $46000, provided by Todd County State Bank
Hi, I am Reanna and I am from Long Prairie in Minnesota. Todd, county is where I grew up, and now I need a secured loan in Minnesota for $46000 to buy a big ticket item. It wasn’t easy, but Todd County State Bank really came through for me with this loan for 5.1% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to Todd County State Bank for giving me a chance and my terrible credit. It look me 6 years to create my credit to 331, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.
Reanna’s Overall FICO score at the time of acceptance for a secured loan, taking into account their electrical drafter job and their future career as an airfield operations specialist
Reanna has a low current total income, but has a large amount of prospects
Reanna has always wanted to be an airfield operations specialist, but would have to attend The College of New Rochelle again to become one. Reanna has other prospects as well, including general internists, bulldozer / grader operator, and aquarium curator, which pay $59,000 through to $108,000 per year, on average. For this reason, we think that Reanna can pay for this secured loan of $46000.
Multiple other requests for credit have been made by Reanna in the past, including one from M&I Bank of Southern Wisconsin in Long Prairie, Minnesota before Reanna was accepted for the $46000 by Todd County State Bank
Reanna made 4 previous attempts to obtain a secured loan, 2 of which were with M&I Bank of Southern Wisconsin, a bank in Long Prairie, Minnesota known to specialize in secured loans specifically. Prior to finding Todd County State Bank, Reanna was desperate due to their inexperience and terrible credit score.
Contact Details for Todd County State Bank, the provider of this secured loan
- Todd County State Bank
- City: Long Prairie
- State: Minnesota
- Address: 880 Commerce Road
- County: Todd
- Zip code: 56347
Personal Loan for an electrical drafter named Reanna in Long Prairie, Minnesota to Pay Off The Ritz-Carlton Rewards Credit Card
Reanna had a lot of credit card debt on their Goodyear Credit Card and their PNC Bank CashBuilder Visa Credit Card, and they were starting to get in over their heads. Despite Reanna’s job as an electrical drafter, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Signature Loan easily acquired in Long Prairie, Minnesota for $46000 with terrible credit by Reanna
A lot of borrowers struggle with finding signature loans in Long Prairie, Minnesota, and Reanna is no different. Reanna went to 6 lending institutions or more prior to settling on Todd County State Bank, who offered Reanna a signature loan for $46000. Most signature loans simply need a client, like Reanna’s signature to obtain them, up to $38,000 in some cases. Reanna was able to get $46000 as a secured loan, which is very high for a secured loan. Since signature loans don’t require collateral, they tend to need higher credit, as high as 756
Reanna was not approved by Arlington State Bank 7 times before being approved by Todd County State Bank at 880 Commerce Road
On February 22, 2013, Reanna applied about borrowing $35,000 from Fidelity Bank and Trust Company with Lynn, their friend from just outside Long Prairie, and even with the co-signer, Reanna was rejected for this secured loan. With terrible credit, it can be very hard to obtain financing, even with collateral and a co-signer.
Conclusion of Reanna’s secured loan
In the end, Reanna was able to find a secured loan for $46000 with an interest rate of 10.1% interest APR from Todd County State Bank in Long Prairie, Minnesota repayable over 15 years from today.