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7 Month Debt Consolidation Loan For Charlesetta In Estherville Iowa

$111000 Debt Consolidation Loan – Estherville Iowa, Credit Score Of 539

  • Experian: 554 – This client had a fair Experian score
  • Transunion: 520 – Charlesetta had a fair credit rating with Transunion.
  • Equifax: Charlesetta’s Experian score was 539, which is a fair credit rating on the Experian scale.

9 Months in the Past, Charlesetta Attempted to Find a High Risk Loan for $25,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Charlesetta. Charlesetta decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Clients with credit scores as low as 372 can inquire for a high risk loan and possibly can be accepted.

When Charlesetta was 20, they tried to obtain a student loan from 5 different lenders, which harmed their credit score. Below is a chronology of Charlesetta’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on January 3, 2010
  • Attempt 2) Loan for $39,000.00 on April 14, 2011
  • Attempt 3) Loan for $20,000.00 on September 26, 2013
  • Attempt 4) Loan for $30,000.00 on September 3, 2010
  • Attempt 5) Loan for $28,000.00 on January 24, 2014

Previous requests on Charlesetta’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$119780.00 8 9.2% $1767.25 Mills County Bank National Association May 18, 2011
$120100.00 5 11.3% $2629.27 Postville State Bank March 11, 2013
$120430.00 11 11.3% $1597.7 Washington State Bank July 29, 2014
$120420.00 8 7.1% $1647.77 Rippey Savings Bank March 12, 2015
$119850.00 8 8.8% $1743.42 Iowa State Bank April 13, 2015

Paraphrased and Standardized Quote from Charlesetta for this debt consolidation loan of $111000, provided by 1ST Federal Savings and Loan Association of Estherville and Emmetsburg

Hi, I am Charlesetta and I’m from Estherville in Iowa. Emmet, county is where I grew up, and now I need a debt consolidation loan in Iowa for $111000 to renovate my home. It wasn’t easy, but 1ST Federal Savings and Loan Association of Estherville and Emmetsburg really came through for me with this loan for 9.4% interest APR and a term of 14 years. I can probably repay the loan over the 14 year term, including interest. A big thanks to 1ST Federal Savings and Loan Association of Estherville and Emmetsburg for giving me a chance and my fair credit. It look me 7 years to create my credit to 539, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

Personal Loan for an ornamental-metalwork designer named Charlesetta in Estherville, Iowa to Pay Off Ohio Savings Bank Maximum Rewards Visa Card

Charlesetta had a tonne of credit card debt on their Malvern Federal Savings Bank Visa Business Bonus Rewards PLUS Card and their EverBank EverCard Visa Platinum, and they were starting to get in over their heads. Despite Charlesetta’s job as an ornamental-metalwork designer, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Multiple past requests for credit have been made by Charlesetta in the past, including one from Merchants and Farmers State Bank in Estherville, Iowa before Charlesetta was approved for the $111000 by 1ST Federal Savings and Loan Association of Estherville and Emmetsburg

Charlesetta made 7 previous attempts to obtain a debt consolidation loan, 2 of which were with Merchants and Farmers State Bank, a bank in Estherville, Iowa known to specialize in debt consolidation loans specifically. Prior to finding 1ST Federal Savings and Loan Association of Estherville and Emmetsburg, Charlesetta was very concerned due to their inexperience and fair credit score.

Fast Loans for Charlesetta in Estherville, Iowa to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Estherville, Iowa aren’t actually that difficult to obtain, particularly if you have some gumption like Charlesetta. Charlesetta was able to find a fast loan for $111000 from Farmers State Bank and West Side State Savings Bank, but turned down both offers in favor of their debt consolidation loan from 1ST Federal Savings and Loan Association of Estherville and Emmetsburg. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement in the case that a client is on the go.

Charlesetta was rejected by Iowa State Bank 7 times prior to being approved by 1ST Federal Savings and Loan Association of Estherville and Emmetsburg at 21 North Sixth St

On May 8, 2011, Charlesetta inquired about borrowing $42,000 from Iowa State Bank with Chanelle, their friend from just outside Estherville, and even with the co-signer, Charlesetta was rejected for this debt consolidation loan. With fair credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Client Profile: Charlesetta Elreda of Estherville, Iowa
  • Full name (Changed if requested): Charlesetta Elreda
  • Current Credit: loans.hit.utils.Fico@2401f4c3
  • Current City: Estherville
  • State: Iowa
  • Zip code: 51341
  • Yearly income: $35,000
  • Current Job: ornamental-metalwork designer
  • Current County: Emmet
  • Goal Yearly Income: $84,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Contact Details for 1ST Federal Savings and Loan Association of Estherville and Emmetsburg, the provider of this debt consolidation loan

  • 1ST Federal Savings and Loan Association of Estherville and Emmetsburg
  • City: Estherville
  • State: Iowa
  • Address: 21 North Sixth St
  • County: Emmet
  • Zip code: 51334

Charlesetta’s Transunion score was altered by the debt consolidation loan loan, changing to 520 from 539, which is normal in our experience.

Transunion Score: 520

Installment loan for Charlesetta, a graduate of TESST College of Technology – Baltimore and an ornamental-metalwork designer working for over $62,000 per year

Charlesetta, an alumnus at TESST College of Technology – Baltimore and an ornamental-metalwork designer in Estherville, Iowa needs a debt consolidation loan to purchase a car. Charlesetta has instead chosen to get an installment loan for $21,000 and is at present seeking lenders like Pocahontas State Bank to process their request.

Charlesetta’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their ornamental-metalwork designer job and their future career as a bulldozer / grader operator

Fico Score: 539

Before applying for this debt consolidation loan, Charlesetta had an Experian score of 554, which is fair, so 1ST Federal Savings and Loan Association of Estherville and Emmetsburg probably cannot provide Charlesetta a debt consolidation loan

Experian Score: 554

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

Normal debt consolidation loans vary from $34,000.00 to $44,000.00. They are typically used to pay off existing high interest loans like credit cards. Charlesetta needed a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Charlesetta was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.0%.

Signature Loan acquired in Estherville, Iowa for $111000 with fair credit by Charlesetta

Most prospective borrowers struggle with obtaining signature loans in Estherville, Iowa, and Charlesetta is no exception. Charlesetta went to 8 lenders or more before finding 1ST Federal Savings and Loan Association of Estherville and Emmetsburg, who offered Charlesetta a signature loan for $111000. Most signature loans simply need a client, like Charlesetta’s signature to obtain them, up to $20,000 in some cases. Charlesetta was able to get $111000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans do not require collateral, they generally need better credit, as high as 761

Charlesetta has a sad current total income, but has a high number of prospects

Charlesetta has always wanted to be a bulldozer / grader operator, but would have to attend TESST College of Technology – Baltimore again to achieve it. Charlesetta has other prospects as well, including sports events business manager, tax auditor, and fishery worker supervisor, which pay $58,000 through to $96,000 per year, at least. For this reason, we believe that Charlesetta can afford this debt consolidation loan of $111000.

Conclusion of Charlesetta’s debt consolidation loan

In the end, Charlesetta was able to find a debt consolidation loan for $111000 with an interest rate of 8.7% interest APR from 1ST Federal Savings and Loan Association of Estherville and Emmetsburg in Estherville, Iowa repayable over 14 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.