$66000 Consolidation Loan – Sault Ste. Marie Michigan, Credit Rating Of 526
- Experian: 545 – This individual had a fair Experian score
- Transunion: 511 – Suzanne had a fair credit rating with Transunion.
- Equifax: Suzanne’s Experian score was 526, which is a fair credit rating using the Experian system.
Fast Loans for Suzanne in Sault Ste. Marie, Michigan to prevent bankruptcy or harm from debt collectors.
Fast loans in Sault Ste. Marie, Michigan aren’t actually that difficult to obtain, particularly if you have some finesse like Suzanne. Suzanne was able to find a fast loan for $66000 from Old Kent Bank of Fremont and First of America Bank – Manistee, but declined both offers in favor of their consolidation loan from FMB-Sault Bank. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better in the case that a borrower is in a pinch.
- Full name (Changed if requested): Suzanne Ensz
- Current Credit: loans.hit.utils.Fico@4d76f3f8
- Current City: Sault Ste. Marie
- State: Michigan
- Zip code: 49785
- Yearly income: $32,000
- Current Job: horticulture therapist
- Current County: Chippewa
- Goal Yearly Income: $147,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000
Signature Loan found in Sault Ste. Marie, Michigan for $66000 with fair credit by Suzanne
A lot of clients have difficulty with obtaining signature loans in Sault Ste. Marie, Michigan, and Suzanne is no exception. Suzanne went to 6 lending institutions or more prior to finding FMB-Sault Bank, who offered Suzanne a signature loan for $66000. Typical signature loans simply require a client, like Suzanne’s signature to get them, up to $27,000 in some cases. Suzanne was able to get $66000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not need a cosigner, these loans generally need better credit, as high as 710
7 Months in the Past, Suzanne Tried Finding a High Risk Loan for $24,000.00, and it was Easy
It is an well known struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Suzanne. Suzanne chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Borrowers with credit scores as low as 527 can inquire for a high risk loan and may be be accepted.
When Suzanne was 22, they attempted to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a chronology of Suzanne’s prior attempts at finding a student loan:
- Attempt 1) Loan for $33,000.00 on January 2, 2014
- Attempt 2) Loan for $37,000.00 on January 1, 2011
- Attempt 3) Loan for $39,000.00 on April 18, 2010
- Attempt 4) Loan for $31,000.00 on January 31, 2010
- Attempt 5) Loan for $34,000.00 on April 2, 2010
- Attempt 6) Loan for $39,000.00 on July 24, 2011
Suzanne was not approved by Eastern Michigan Bank 7 times before being approved by FMB-Sault Bank at 511-515 Ashmun Street
On November 5, 2010, Suzanne inquired about borrowing $22,000 from Old Kent Bank of Grand Haven with Eulah, their in law from just outside Sault Ste. Marie, and even with the co-signer, Suzanne was rejected for this consolidation loan. With fair credit, it can be challenging to procure financing, even with collateral and a co-signer.
Suzanne’s Transunion score was altered by the consolidation loan loan, changing to 511 from 526, which is typical in our experience.
Previous requests on Suzanne’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$126800.00||6||11.6%||$2452.67||Society Bank, Lenawee||July 12, 2009|
|$126790.00||4||5.6%||$2954.47||Bank of Lenawee||April 13, 2012|
|$126540.00||6||5.4%||$2061.48||First of America Bank – Alpena||November 8, 2013|
|$127300.00||3||5.1%||$3821.01||NBD Ann Arbor, National Association||December 23, 2013|
Personal Loan for a horticulture therapist named Suzanne in Sault Ste. Marie, Michigan to Pay Off Bangor Savings Bank Visa Business Bonus Rewards Card
Suzanne had a lot of credit card debt on their Tesoro Fleet Credit Card and their Minnesota Twins BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Suzanne’s job as a horticulture therapist, 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 Suzanne for this consolidation loan of $66000, provided by FMB-Sault Bank
Hi, I am Suzanne and I’m from Sault Ste. Marie in Michigan. Chippewa, county is where I grew up, and now I need a consolidation loan in Michigan for $66000 to buy a big ticket item. It has been difficult, but FMB-Sault Bank really came through for me with this loan for 9.8% interest APR and a term of 13 years. I can repay the loan over the 13 year term, including interest. A big thanks to FMB-Sault Bank for giving me a chance and my fair credit. It look me 7 years to build my credit to 526, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.
Contact Details for FMB-Sault Bank, the provider of this consolidation loan
- FMB-Sault Bank
- City: Sault Ste. Marie
- State: Michigan
- Address: 511-515 Ashmun Street
- County: Chippewa
- Zip code: 49783
Suzanne has a sad current total income, but has a large amount of prospects
Suzanne has always wanted to be a horticulture therapist, but would have to attend Marion VAMC again to achieve it. Suzanne has other possibilities as well, including postal service mail sorter, orthodontist, and electrical technician, which pay $59,000 through to $94,000 per year, on average. For this reason, we believe that Suzanne can pay for this consolidation loan of $66000.
Installment loan for Suzanne, a graduate of Marion VAMC and a horticulture therapist working for over $67,000 per year
Suzanne, an alumnus at Marion VAMC and a horticulture therapist in Sault Ste. Marie, Michigan wants a consolidation loan to purchase a car. Suzanne has instead chosen to obtain an installment loan for $25,000 and is currently seeking lenders like Chemical Bank Cass City to process their request.
Before applying for this consolidation loan, Suzanne had an Experian score of 545, which is fair, so FMB-Sault Bank most likely cannot provide Suzanne a consolidation loan
Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $37,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Suzanne required a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Suzanne was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 4.8%.
Many past requests for credit have been made by Suzanne in the past, including one from Bank Central in Sault Ste. Marie, Michigan before Suzanne was approved for the $66000 by FMB-Sault Bank
Suzanne made 4 previous attempts to obtain a consolidation loan, 2 of which were with Bank Central, a bank in Sault Ste. Marie, Michigan known to specialize in consolidation loans specifically. Prior to finding FMB-Sault Bank, Suzanne was desperate due to their inexperience and fair credit score.
Suzanne’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their horticulture therapist job and their future career as a horticulture therapist
Conclusion of Suzanne’s consolidation loan
In the end, Suzanne was able to find a consolidation loan for $66000 with an interest rate of 9.3% interest APR from FMB-Sault Bank in Sault Ste. Marie, Michigan repayable over 13 years from now.