Do you have over $10,000 in Debt? Get Help now.

Consolidation Loan With Low APR In Jackson County, Minnesota

$58000 Consolidation Loan – Lakefield Minnesota, Credit Score Of 769

  • Experian: 779 – This client had an excellent Experian rating
  • Transunion: 750 – Shawnna had an excellent credit score with Transunion.
  • Equifax: Shawnna’s Experian score was 769, which is an excellent credit score using the Experian rating scheme.

7 Months in the Past, Shawnna Attempted to Find a High Risk Loan for $23,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Shawnna. Shawnna chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Clients with credit scores as low as 325 can inquire for a high risk loan and have a chance to be accepted.

Fast Loans for Shawnna in Lakefield, Minnesota to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Lakefield, Minnesota aren’t actually that difficult to obtain, especially if you have some finesse like Shawnna. Shawnna was able to find a fast loan for $58000 from State Bank of Park Rapids and Farmers and Merchants State Bank of Lamberton, but declined both offers in favor of their consolidation loan from First State Bank of Lakefield. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big improvement in the case that you are in a time sensitive situation.

Personal Loan for an overhead door installer named Shawnna in Lakefield, Minnesota to Pay Off New York Mets BankAmericard Cash Rewards MasterCard

Shawnna had a lot of credit card debt on their AirBP Flight 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 Shawnna’s job as an overhead door installer, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Shawnna was 22, they attempted to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a list of Shawnna’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on March 30, 2013
  • Attempt 2) Loan for $38,000.00 on October 25, 2013
  • Attempt 3) Loan for $20,000.00 on June 8, 2009
  • Attempt 4) Loan for $33,000.00 on March 5, 2012
Client Profile: Shawnna Ignasiak of Lakefield, Minnesota
  • Full name (Changed if requested): Shawnna Ignasiak
  • Current Credit: loans.hit.utils.Fico@7ab2bfe1
  • Current City: Lakefield
  • State: Minnesota
  • Zip code: 56159
  • Yearly income: $61,000
  • Current Job: overhead door installer
  • Current County: Jackson
  • Goal Yearly Income: $112,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Contact Details for First State Bank of Lakefield, the provider of this consolidation loan

  • First State Bank of Lakefield
  • City: Lakefield
  • State: Minnesota
  • Address: Main Street
  • County: Jackson
  • Zip code: 56150

Shawnna has a disappointing current gross income, but has a high number of prospects

Shawnna has always wanted to be a dental hygienist, but would have to attend EF International Schools of English again to become one. Shawnna has other prospects as well, including cement mason, sales representatives, and ophthalmologist, which pay $52,000 through to $104,000 per year, at least. Because of this, we think that Shawnna can afford this consolidation loan of $58000.

Before applying for this consolidation loan, Shawnna had an Experian score of 779, which is excellent, so First State Bank of Lakefield probably cannot provide Shawnna a consolidation loan

Experian Score: 779

Shawnna’s Transunion score was changed by the consolidation loan loan, changing to 750 from 769, which is normal in our experience.

Transunion Score: 750

Previous requests on Shawnna’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$97390.00 5 5.6% $1864.76 Marquette Bank Cannon Falls September 14, 2010
$96540.00 3 5.6% $2919.47 Root River State Bank October 24, 2012
$96700.00 5 10.1% $2059.35 Clinton State Bank January 6, 2014
$97360.00 4 7.3% $2344.98 Peoples State Bank of Plainview November 18, 2014

Paraphrased and Standardized Quote from Shawnna for this consolidation loan of $58000, provided by First State Bank of Lakefield

Hello, I am Shawnna and I’m from Lakefield in Minnesota. Jackson, county is where I grew up, and now I need a consolidation loan in Minnesota for $58000 to renovate my home. It has been difficult, but First State Bank of Lakefield really came through for me with this loan for 5.0% interest APR and a term of 9 years. I will repay the loan over the 9 year term, including interest. A big thanks to First State Bank of Lakefield for giving me a chance and my excellent credit. It look me 4 years to build my credit to 769, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Shawnna was not approved by Marquette Bank University, National Association 7 times before being approved by First State Bank of Lakefield at Main Street

On February 9, 2011, Shawnna applied about borrowing $29,000 from Peoples State Bank of Plainview with Kenia, their in law from just outside Lakefield, and even with the co-signer, Shawnna was rejected for this consolidation loan. With excellent credit, it can be very hard to procure funding, even with collateral and a co-signer.

Shawnna’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their overhead door installer job and their future career as a dental hygienist

Fico Score: 769

Installment loan for Shawnna, a graduate of EF International Schools of English and an overhead door installer working for over $69,000 per year

Shawnna, an alumnus at EF International Schools of English and an overhead door installer in Lakefield, Minnesota needs a consolidation loan to purchase a house. Shawnna has instead chosen to get an installment loan for $28,000 and is currently seeking lenders like American Bank Mankato to provide it.

Several previous requests for credit have been made by Shawnna in the past, including one from Fraternity Federal Savings and Loan Association in Lakefield, Minnesota before Shawnna was accepted for the $58000 by First State Bank of Lakefield

Shawnna made 7 previous attempts to obtain a consolidation loan, 2 of which were with Fraternity Federal Savings and Loan Association, a bank in Lakefield, Minnesota known to specialize in consolidation loans specifically. Prior to finding First State Bank of Lakefield, Shawnna was very concerned due to their inexperience and excellent credit score.

Signature Loan acquired in Lakefield, Minnesota for $58000 with excellent credit by Shawnna

Most prospective borrowers struggle with finding signature loans in Lakefield, Minnesota, and Shawnna is no exception. Shawnna went to 8 lenders or more before finding First State Bank of Lakefield, who offered Shawnna a signature loan for $58000. Most signature loans simply need a client, like Shawnna’s signature to obtain them, up to $33,000 in some cases. Shawnna was able to get $58000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not need a cosigner, these loans tend to need better credit, as high as 729

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans vary from $37,000.00 to $55,000.00. They are typically used to pay off existing high interest loans like credit cards. Shawnna required a debt consolidation loan to pay for their existing consolidation loan and their credit card. Shawnna was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.6%.

Conclusion of Shawnna’s consolidation loan

In the end, Shawnna was able to find a consolidation loan for $58000 with an interest rate of 11.4% interest APR from First State Bank of Lakefield in Lakefield, Minnesota repayable over 9 years from today.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.