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High Risk Loan For $129000 Near 58367, North Dakota With A Credit Score Of 573

$129000 High Risk Loan – Rolla North Dakota, Credit Rating Of 573

  • Experian: 588 – This client had a fair Experian rating
  • Transunion: 556 – Jessie had a fair credit rating with Transunion.
  • Equifax: Jessie’s Experian score was 573, which is a fair credit rating with the Experian scale.

Installment loan for Jessie, a graduate of Lado International College and a storage and distribution manager working for over $79,000 per year

Jessie, an alumnus at Lado International College and a storage and distribution manager in Rolla, North Dakota wants a high risk loan to purchase a car. Jessie has instead chosen to get an installment loan for $21,000 and is at present seeking lenders like First American Bank of Larimore to process their request.

Jessie has a sad current yearly income, but has a large amount of prospects

Jessie has always wanted to be a student financial aid administrator, but would need attend Lado International College again to become one. Jessie has other prospects as well, including metal casting machine operator, range manager, and child care worker, which pay $51,000 through to $98,000 per year, at least. For this reason, we think that Jessie can pay for this high risk loan of $129000.

Jessie’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their storage and distribution manager job and their future career as a student financial aid administrator

Fico Score: 573

6 Months Ago, Jessie Tried to Find a High Risk Loan for $22,000.00, and it was Hard

It is an well known struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Jessie. Jessie decided not to get a high risk loan this time. High Risk loans are given to very low credit applicants. Individuals with credit ratings as low as 588 can inquire for a high risk loan and may be be approved.

Paraphrased and Standardized Quote from Jessie for this high risk loan of $129000, provided by DACOTAH BANK

Hi, I am Jessie and I am from Rolla in North Dakota. Rolette, county is where I grew up, and now I need a high risk loan in North Dakota for $129000 to buy a car. It wasn’t easy, but DACOTAH BANK really came through for me with this loan for 6.3% interest APR and a term of 19 years. I can probably repay the loan over the 19 year term, including interest. A big thanks to DACOTAH BANK for giving me a chance and my fair credit. It look me 7 years to create my credit to 573, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Personal Loan for a storage and distribution manager named Jessie in Rolla, North Dakota to Pay Off Abercrombie & Fitch Credit Card

Jessie had a lot of credit card debt on their Gymboree Visa Platinum Credit Card and their Volvo Credit Cards Von Maur Interest-Free Charge Card, and they were starting to get in over their heads. Despite Jessie’s job as a storage and distribution manager, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Jessie’s Transunion score was altered by the high risk loan loan, changing to 556 from 573, which is normal in our experience.

Transunion Score: 556

Contact Details for DACOTAH BANK, the provider of this high risk loan

  • City: Rolla
  • State: North Dakota
  • Address: 15 Main Avenue East
  • County: Rolette
  • Zip code: 58367
Client Profile: Jessie Shawhan of Rolla, North Dakota
  • Full name (Changed if requested): Jessie Shawhan
  • Current Credit: loans.hit.utils.Fico@2d38eb89
  • Current City: Rolla
  • State: North Dakota
  • Zip code: 58376
  • Yearly income: $51,000
  • Current Job: storage and distribution manager
  • Current County: Rolette
  • Goal Yearly Income: $92,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Jessie was not approved by State Bank & Trust of Kenmare 4 times prior to being approved by DACOTAH BANK at 15 Main Avenue East

On August 21, 2009, Jessie applied about borrowing $39,000 from Liberty Bank and Trust, National Association with Terra, their in law from just outside Rolla, and even with the co-signer, Jessie was rejected for this high risk loan. With fair credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Signature Loan found in Rolla, North Dakota for $129000 with fair credit by Jessie

Many borrowers struggle with obtaining signature loans in Rolla, North Dakota, and Jessie is the same. Jessie went to 7 lending institutions or more before settling on DACOTAH BANK, who offered Jessie a signature loan for $129000. Most signature loans simply need a client, like Jessie’s signature to obtain them, up to $20,000 in some cases. Jessie was able to get $129000 as a high risk loan, which is very high for a high risk loan. Since signature loans don’t need a cosigner, these loans tend to need better credit, as high as 752

Previous requests on Jessie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$20380.00 3 7.6% $634.88 American State Bank of New England July 14, 2010
$19750.00 11 11.4% $263.17 First American Bank & Trust of Carrington October 15, 2013
$19560.00 8 9.5% $291.66 Kulm State Bank August 15, 2014
$20430.00 7 10.7% $346.6 Bremer Bank, National Association August 26, 2014
$20190.00 3 11.2% $662.91 First American Bank of Larimore May 29, 2015

When Jessie was 19, they tried to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a list of Jessie’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on November 29, 2013
  • Attempt 2) Loan for $33,000.00 on May 13, 2013
  • Attempt 3) Loan for $30,000.00 on May 2, 2013
  • Attempt 4) Loan for $35,000.00 on July 6, 2011
  • Attempt 5) Loan for $20,000.00 on November 15, 2008
  • Attempt 6) Loan for $35,000.00 on March 28, 2011

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

Average debt consolidation loans range from $39,000.00 to $43,000.00. They are normally used to pay off existing high interest loans like credit cards. Jessie required a debt consolidation loan to pay for their existing high risk loan and their payday loan. Jessie was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 4.6%.

Fast Loans for Jessie in Rolla, North Dakota to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Rolla, North Dakota aren’t actually that difficult to obtain, especially if you have some finesse like Jessie. Jessie was able to find a fast loan for $129000 from Community First National Bank and First Bank of North Dakota (N.A.) – Grand Forks, but turned down both offers in favor of their high risk loan from DACOTAH 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 6 weeks for personal loans. A big improvement in the case that a client is in a time sensitive situation.

Before applying for this high risk loan, Jessie had an Experian score of 588, which is fair, so DACOTAH BANK likely cannot provide Jessie a high risk loan

Experian Score: 588

Multiple previous requests for credit have been made by Jessie in the past, including one from Guaranty Federal Savings and Loan Association in Rolla, North Dakota before Jessie was approved for the $129000 by DACOTAH BANK

Jessie made 7 prior attempts to obtain a high risk loan, 2 of which were with Guaranty Federal Savings and Loan Association, a bank in Rolla, North Dakota known to specialize in high risk loans specifically. Before finding DACOTAH BANK, Jessie was desperate due to their inexperience and fair credit score.

Conclusion of Jessie’s high risk loan

In the end, Jessie was able to find a high risk loan for $129000 with an interest rate of 10.7% interest APR from DACOTAH BANK in Rolla, North Dakota repayable over 19 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.