$124000 Home Loan – Trinidad Colorado, Credit Rating Of 597
- Experian: 608 – The client had a fair Experian rating
- Transunion: 582 – Eleanora had a fair credit score with Transunion.
- Equifax: Eleanora’s Experian score was 597, which is a fair credit rating on the Experian rating scheme.
Installment loan for Eleanora, a graduate of Flagler Technical Center and a forestry and conservation professor working for over $71,000 per year
Eleanora, an alumnus at Flagler Technical Center and a forestry and conservation professor in Trinidad, Colorado needs a home loan to purchase a house. Eleanora has instead decided to get an installment loan for $22,000 and is at present seeking lenders like Colorado State Bank and Trust, N. A. to provide it.
Previous requests on Eleanora’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$21250.00||6||11.2%||$406.65||Affiliated National Bank – Delta||March 29, 2010|
|$21420.00||8||7.8%||$300.63||Central Bank, National Association||September 16, 2012|
|$21480.00||7||11.8%||$376.89||The Colorado Bank and Trust Company of La Junta||January 10, 2014|
|$20530.00||9||5.7%||$243.44||Colorado State Bank and Trust, N. A.||May 21, 2014|
When Eleanora was 19, they tried to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a chronology of Eleanora’s prior attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on March 16, 2011
- Attempt 2) Loan for $27,000.00 on March 2, 2013
- Attempt 3) Loan for $36,000.00 on February 12, 2010
- Attempt 4) Loan for $36,000.00 on March 10, 2013
- Attempt 5) Loan for $29,000.00 on January 16, 2011
- Attempt 6) Loan for $34,000.00 on August 24, 2012
- Attempt 7) Loan for $35,000.00 on November 5, 2011
Several other requests for credit have been made by Eleanora in the past, including one from Barnett Bank of Kissimmee in Trinidad, Colorado before Eleanora was approved for the $124000 by Trinidad U.S. Industrial Bank
Eleanora made 7 previous attempts to obtain a home loan, 2 of which were with Barnett Bank of Kissimmee, a lending institution in Trinidad, Colorado known to specialize in home loans specifically. Before finding Trinidad U.S. Industrial Bank, Eleanora was concerned due to their inexperience and fair credit rating.
Personal Loan for a forestry and conservation professor named Eleanora in Trinidad, Colorado to Pay Off BrandsMart U.S.A. Credit Card
Eleanora had a tonne of credit card debt on their First Command Bank Platinum Visa Card and their Citgo Business Fleet Credit Card, and they were starting to get in over their heads. Despite Eleanora’s job as a forestry and conservation professor, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Paraphrased and Standardized Quote from Eleanora for this home loan of $124000, provided by Trinidad U.S. Industrial Bank
Hi, I am Eleanora and I’m from Trinidad in Colorado. Las Animas, county is where I grew up, and now I need a home loan in Colorado for $124000 to pay bills. It has been difficult, but Trinidad U.S. Industrial Bank really came through for me with this loan for 10.7% interest APR and a term of 4 years. I can probably repay the loan over the 4 year term, including interest. A big thanks to Trinidad U.S. Industrial Bank for trusting me and my fair credit. It look me 5 years to create my credit to 597, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.
- Full name (Changed if requested): Eleanora Demian
- Current Credit: loans.hit.utils.Fico@1e80bfe8
- Current City: Trinidad
- State: Colorado
- Zip code: 81086
- Yearly income: $55,000
- Current Job: forestry and conservation professor
- Current County: Las Animas
- Goal Yearly Income: $123,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Signature Loan easily acquired in Trinidad, Colorado for $124000 with fair credit by Eleanora
A lot of clients struggle with obtaining signature loans in Trinidad, Colorado, and Eleanora is no exception. Eleanora went to 8 lending institutions or more prior to finding Trinidad U.S. Industrial Bank, who offered Eleanora a signature loan for $124000. Most signature loans simply need a client, like Eleanora’s signature to get them, up to $31,000 in some cases. Eleanora was able to get $124000 as a home loan, which is very high for a home loan. Because signature loans do not require a cosigner, these loans generally require better credit, as high as 706
Contact Details for Trinidad U.S. Industrial Bank, the provider of this home loan
- Trinidad U.S. Industrial Bank
- City: Trinidad
- State: Colorado
- Address: 300 Commercial Street
- County: Las Animas
- Zip code: 81082
Eleanora was not approved by Bank of Choice 6 times prior to being approved by Trinidad U.S. Industrial Bank at 300 Commercial Street
On October 28, 2010, Eleanora inquired about borrowing $8,000 from Bank of Choice with Gil, their friend from just outside Trinidad, and even with the co-signer, Eleanora was rejected for this home loan. With fair credit, it can be difficult to procure financing, even with collateral and a co-signer.
Eleanora has a disappointing current gross income, but has a large amount of prospects
Eleanora has always wanted to be a farm products purchasing agent, but would have to attend Flagler Technical Center again to become one. Eleanora has other prospects as well, including nurse’s aide, developmental psychologist, and plumber, which pay $50,000 through to $95,000 per year, on average. Because of this, we believe that Eleanora can afford this home loan of $124000.
Eleanora’s Overall FICO score at the time of acceptance for a home loan, taking into account their forestry and conservation professor job and their future job as a farm products purchasing agent
Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans vary from $35,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Eleanora required a debt consolidation loan to pay for their existing home loan and their loan shark loan. Eleanora was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.0%.
Fast Loans for Eleanora in Trinidad, Colorado to prevent bankruptcy or harm from debt collectors.
Fast loans in Trinidad, Colorado aren’t actually that difficult to obtain, especially if you have some gumption like Eleanora. Eleanora was able to find a fast loan for $124000 from Wells Fargo Bank West, National Association and Fremont National Bank of Canon City, but turned down both offers in favor of their home loan from Trinidad U.S. Industrial Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better if a borrower is on the go.
9 Months in the Past, Eleanora Tried Finding a High Risk Loan for $21,000.00, and it was Easy
It is an well known struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Eleanora. Eleanora decided not to obtain a high risk loan this time. High Risk loans are given to bad credit applicants. Individuals with credit scores as low as 358 can inquire for a high risk loan and may be be approved.
Eleanora’s Transunion score was changed by the home loan loan, changing to 582 from 597, which is normal in our experience.
Before applying for this home loan, Eleanora had an Experian score of 608, which is fair, so Trinidad U.S. Industrial Bank likely cannot provide Eleanora a home loan
Conclusion of Eleanora’s home loan
In the end, Eleanora was able to find a home loan for $124000 with an interest rate of 6.4% interest APR from Trinidad U.S. Industrial Bank in Trinidad, Colorado repayable over 4 years from now.