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Home Loan Of $72000 For Bad Credit Colorado Resident

$72000 Home Loan – Fort Collins Colorado, Credit Score Of 473

  • Experian: 487 – This client had a bad Experian rating
  • Transunion: 460 – Ofelia had a bad credit rating with Transunion.
  • Equifax: Ofelia’s Experian score was 473, which is a bad credit rating on the Experian system.

When Ofelia was 19, they attempted to obtain a student loan from 6 different banks, which harmed their credit score. Below is a chronology of Ofelia’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on October 17, 2009
  • Attempt 2) Loan for $36,000.00 on November 5, 2010
  • Attempt 3) Loan for $39,000.00 on September 17, 2010
  • Attempt 4) Loan for $24,000.00 on January 15, 2010
  • Attempt 5) Loan for $27,000.00 on March 11, 2012
  • Attempt 6) Loan for $28,000.00 on March 16, 2013

Installment loan for Ofelia, a graduate of Multnomah University and an agricultural equipment operator working for over $70,000 per year

Ofelia, an alumnus at Multnomah University and an agricultural equipment operator in Fort Collins, Colorado needs a home loan to purchase a house. Ofelia has instead decided to obtain an installment loan for $9,000 and is at present seeking lenders like Affiliated National Bank – Center to provide it.

Previous requests on Ofelia’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$138230.00 3 11.3% $4545.14 Affiliated National Bank – Delta January 2, 2013
$137750.00 10 8.7% $1722.67 Central Bank, National Association November 1, 2014
$138290.00 4 8.7% $3421.69 The Colorado Bank and Trust Company of La Junta May 8, 2015
$138380.00 7 9.4% $2254.6 Colorado State Bank and Trust, N. A. July 3, 2015
$137800.00 3 9.1% $4388.42 Mountain Parks Bank – West September 18, 2015

Contact Details for Norwest Bank Fort Collins, National Association, the provider of this home loan

  • Norwest Bank Fort Collins, National Association
  • City: Fort Collins
  • State: Colorado
  • Address: 401 South College Avenue
  • County: Larimer
  • Zip code: 80522

Ofelia’s Transunion score was changed by the home loan loan, changing to 460 from 473, which is typical in our experience.

Transunion Score: 460

Signature Loan easily acquired in Fort Collins, Colorado for $72000 with bad credit by Ofelia

A lot of prospective borrowers struggle with finding signature loans in Fort Collins, Colorado, and Ofelia is the same. Ofelia went to 6 lenders or more prior to settling on Norwest Bank Fort Collins, National Association, who offered Ofelia a signature loan for $72000. Typical signature loans simply need a client, like Ofelia’s signature to obtain them, up to $39,000 in some cases. Ofelia was able to get $72000 as a home loan, which is very high for a home loan. Because signature loans don’t require collateral, these loans generally need higher credit, as high as 761

Client Profile: Ofelia Gamewell of Fort Collins, Colorado
  • Full name (Changed if requested): Ofelia Gamewell
  • Current Credit: loans.hit.utils.Fico@5b37e0d2
  • Current City: Fort Collins
  • State: Colorado
  • Zip code: 80526
  • Yearly income: $31,000
  • Current Job: agricultural equipment operator
  • Current County: Larimer
  • Goal Yearly Income: $114,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $35,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Ofelia required a debt consolidation loan to pay for their existing home loan and their loan shark loan. Ofelia was able to find a home loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.3%.

Personal Loan for an agricultural equipment operator named Ofelia in Fort Collins, Colorado to Pay Off RBC Visa Business Card

Ofelia had a lot of credit card debt on their The Limited Classic Card and their AARP Rewards Visa Card, and they were starting to get in over their heads. Despite Ofelia’s job as an agricultural equipment operator, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Ofelia’s Overall FICO score at the time of acceptance for a home loan, taking into account their agricultural equipment operator job and their future career as a solar energy systems designer

Fico Score: 473

Multiple previous requests for credit have been made by Ofelia in the past, including one from Peapack-Gladstone Bank in Fort Collins, Colorado before Ofelia was accepted for the $72000 by Norwest Bank Fort Collins, National Association

Ofelia made 9 prior attempts to obtain a home loan, 2 of which were with Peapack-Gladstone Bank, a lending institution in Fort Collins, Colorado known to specialize in home loans specifically. Prior to finding Norwest Bank Fort Collins, National Association, Ofelia was desperate due to their inexperience and bad credit rating.

Paraphrased and Standardized Quote from Ofelia for this home loan of $72000, provided by Norwest Bank Fort Collins, National Association

Hello, I am Ofelia and my hometown is Fort Collins in Colorado. Larimer, county is where I grew up, and now I need a home loan in Colorado for $72000 to avoid bankruptcy. It has been difficult, but Norwest Bank Fort Collins, National Association really came through for me with this loan for 10.8% interest APR and a term of 1 years. I can repay the loan over the 1 year term, including interest. A big thanks to Norwest Bank Fort Collins, National Association for giving me a chance and my bad credit. It look me 5 years to create my credit to 473, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.

Before applying for this home loan, Ofelia had an Experian score of 487, which is bad, so Norwest Bank Fort Collins, National Association probably cannot provide Ofelia a home loan

Experian Score: 487

7 Months Ago, Ofelia Tried Finding a High Risk Loan for $26,000.00, and it was Hard

There is an existing struggle for clients 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 Ofelia. Ofelia chose not to obtain a high risk loan this time. High Risk loans are given to very low credit borrowers. Clients with credit ratings as low as 419 can inquire for a high risk loan and possibly can be accepted.

Ofelia has a disappointing current yearly income, but has a large amount of prospects

Ofelia has always wanted to be a solar energy systems designer, but would have to attend Multnomah University again to achieve it. Ofelia has other possibilities as well, including electrical drafter, civil engineering technician, and computer aided design technician, which pay $52,000 through to $95,000 per year, on average. For this reason, we believe that Ofelia can pay for this home loan of $72000.

Ofelia was rejected by The Minnequa Bank of Pueblo 5 times before being approved by Norwest Bank Fort Collins, National Association at 401 South College Avenue

On July 16, 2013, Ofelia inquired about borrowing $45,000 from IntraWest Bank of Denver, National Association with Tamera, their friend from just outside Fort Collins, and even with the co-signer, Ofelia was rejected for this home loan. With bad credit, it can be difficult to procure financing, even with collateral and a co-signer.

Fast Loans for Ofelia in Fort Collins, Colorado to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Fort Collins, Colorado aren’t actually that difficult to obtain, especially if you have some finesse like Ofelia. Ofelia was able to find a fast loan for $72000 from Affiliated National Bank – Ault and Affiliated National Bank – Delta, but declined both offers in favor of their home loan from Norwest Bank Fort Collins, National Association. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. An improvement in the case that a client is in a time sensitive situation.

Conclusion of Ofelia’s home loan

In the end, Ofelia was able to find a home loan for $72000 with an interest rate of 10.5% interest APR from Norwest Bank Fort Collins, National Association in Fort Collins, Colorado repayable over 1 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.

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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.