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Secured Loan With Low APR In Cass County, Minnesota

$188000 Secured Loan – Pine River Minnesota, Credit Score Of 761

  • Experian: 773 – The client had an excellent Experian rating
  • Transunion: 746 – Albert had an excellent credit rating with Transunion.
  • Equifax: Albert’s Experian score was 761, which is an excellent credit score using the Experian scale.

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

Most debt consolidation loans range from $30,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Albert required a debt consolidation loan to pay for their existing secured loan and their credit card. Albert was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 4.8%.

Personal Loan for a patent lawyer named Albert in Pine River, Minnesota to Pay Off Discount Tire Credit Card

Albert had a tonne of credit card debt on their Goodyear Credit Card and their FirstBank Credit Cards FirstBank Southwest Credit Cards, and they were starting to get in over their heads. Despite Albert’s job as a patent lawyer, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan easily acquired in Pine River, Minnesota for $188000 with excellent credit by Albert

Most clients have difficulty with finding signature loans in Pine River, Minnesota, and Albert is no different. Albert went to 7 lenders or more before finding Pine River State Bank, who offered Albert a signature loan for $188000. Most signature loans simply need a client, like Albert’s signature to obtain them, up to $31,000 in some cases. Albert was able to get $188000 as a secured loan, which is very high for a secured loan. Because signature loans don’t need a cosigner, these loans generally require improved credit, as high as 788

6 Months Ago, Albert Tried Finding a High Risk Loan for $46,000.00, and it was Easy

There is an well known struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Albert. Albert decided not to obtain a high risk loan this time. High Risk loans are given to bad credit borrowers. Borrowers with credit scores as low as 553 can inquire for a high risk loan and possibly can be approved.

Albert’s Overall FICO score at the time of acceptance for a secured loan, taking into account their patent lawyer job and their future career as an airport administrator

Fico Score: 761

Paraphrased and Standardized Quote from Albert for this secured loan of $188000, provided by Pine River State Bank

Hi, I am Albert and I’m from Pine River in Minnesota. Cass, county is where I grew up, and now I need a secured loan in Minnesota for $188000 to pay bills. It has been difficult, but Pine River State Bank really came through for me with this loan for 9.1% interest APR and a term of 21 years. I can repay the loan over the 21 year term, including interest. A big thanks to Pine River State Bank for giving me a chance and my excellent credit. It look me 6 years to create my credit to 761, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

Albert has a sad current gross income, but has several of prospects

Albert has always wanted to be an airport administrator, but would need attend Ursuline College again to become one. Albert has other prospects as well, including custom tailor, marina boat charter administrator, and tax collector, which pay $54,000 through to $94,000 per year, at least. For this reason, we believe that Albert can pay for this secured loan of $188000.

Many past requests for credit have been made by Albert in the past, including one from The Citizens State Bank in Pine River, Minnesota before Albert was approved for the $188000 by Pine River State Bank

Albert made 5 prior attempts to obtain a secured loan, 2 of which were with The Citizens State Bank, a lending institution in Pine River, Minnesota known to specialize in secured loans specifically. Before finding Pine River State Bank, Albert was desperate due to their inexperience and excellent credit score.

Albert’s Transunion score was changed by the secured loan loan, changing to 746 from 761, which is typical in our experience.

Transunion Score: 746

Albert was rejected by Kensington Bank 7 times before being approved by Pine River State Bank at 103 Mill Street

On January 30, 2012, Albert inquired about borrowing $29,000 from Citizens Alliance Bank with Kristeen, their friend from just outside Pine River, and even with the co-signer, Albert was rejected for this secured loan. With excellent credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Contact Details for Pine River State Bank, the provider of this secured loan

  • Pine River State Bank
  • City: Pine River
  • State: Minnesota
  • Address: 103 Mill Street
  • County: Cass
  • Zip code: 56474
Client Profile: Albert Sakon of Pine River, Minnesota
  • Full name (Changed if requested): Albert Sakon
  • Current Credit: loans.hit.utils.Fico@7cd84586
  • Current City: Pine River
  • State: Minnesota
  • Zip code: 56483
  • Yearly income: $60,000
  • Current Job: patent lawyer
  • Current County: Cass
  • Goal Yearly Income: $126,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Installment loan for Albert, a graduate of Ursuline College and a patent lawyer working for over $61,000 per year

Albert, an alumnus at Ursuline College and a patent lawyer in Pine River, Minnesota wants a secured loan to purchase a house. Albert has instead chosen to get an installment loan for $17,000 and is currently seeking lenders like Root River State Bank to process their request.

Before applying for this secured loan, Albert had an Experian score of 773, which is excellent, so Pine River State Bank most likely cannot provide Albert a secured loan

Experian Score: 773

Previous requests on Albert’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$15750.00 6 5.7% $258.8 Marquette Bank Cannon Falls September 27, 2009
$15720.00 9 8.2% $206.29 Root River State Bank July 6, 2010
$16490.00 5 7.8% $332.78 Clinton State Bank December 22, 2012
$15870.00 5 9.4% $332.52 Peoples State Bank of Plainview September 13, 2013
$15880.00 4 8.1% $388.42 Security State Bank of Wykoff January 18, 2014

When Albert was 18, they tried to obtain a student loan from 5 alternate lenders, which harmed their credit rating. Below is a list of Albert’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on June 13, 2010
  • Attempt 2) Loan for $22,000.00 on April 1, 2009
  • Attempt 3) Loan for $35,000.00 on December 3, 2010
  • Attempt 4) Loan for $23,000.00 on February 3, 2009
  • Attempt 5) Loan for $24,000.00 on October 23, 2008

Fast Loans for Albert in Pine River, Minnesota to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Pine River, Minnesota aren’t actually that difficult to obtain, particularly if you have some gumption like Albert. Albert was able to find a fast loan for $188000 from American Bank Mankato and Princeton Bank, but declined both offers in favor of their secured loan from Pine River State 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. A big difference if a client is on the go.

Conclusion of Albert’s secured loan

In the end, Albert was able to find a secured loan for $188000 with an interest rate of 10.3% interest APR from Pine River State Bank in Pine River, Minnesota repayable over 21 years from now.

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.

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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.