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Brock Flitsch’s High Risk Loan For 188000 Dollars In Kokomo Indiana

$188000 High Risk Loan – Kokomo Indiana, Credit Score Of 683

  • Experian: 698 – They had a good Experian score
  • Transunion: 665 – Brock had a good credit score with Transunion.
  • Equifax: Brock’s Experian score was 683, which is a good credit score using the Experian scale.

Brock was not approved by The Union Bank 5 times before being granted funding by Community First Bank of Indiana at 201 West Sycamore Street

On February 2, 2010, Brock inquired about borrowing $25,000 from American State Bank with Karlene, their friend from just outside Kokomo, and even with the co-signer, Brock was rejected for this high risk loan. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.

Fast Loans for Brock in Kokomo, Indiana to prevent bankruptcy or harm from debt collectors.

Fast loans in Kokomo, Indiana aren’t actually that difficult to obtain, particularly if you have some finesse like Brock. Brock was able to find a fast loan for $188000 from Ossian State Bank and Orange County Bank, but declined both offers in favor of their high risk loan from Community First Bank of Indiana. 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 7 weeks for personal loans. Much better if a borrower is on the go.

When Brock was 18, they tried to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a list of Brock’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on November 18, 2011
  • Attempt 2) Loan for $34,000.00 on April 9, 2010
  • Attempt 3) Loan for $37,000.00 on March 4, 2014
  • Attempt 4) Loan for $31,000.00 on May 13, 2013

Brock has a low current total income, but has several of prospects

Brock has always wanted to be a film laboratory technician, but would need attend Washington State University again to achieve it. Brock has other prospects as well, including textile designer, sportswriter, and computer systems engineer, which pay $54,000 through to $108,000 per year, at least. Because of this, we believe that Brock can afford this high risk loan of $188000.

Personal Loan for a political science professor named Brock in Kokomo, Indiana to Pay Off Shell Select Member Credit Card

Brock had a tonne of credit card debt on their Five Star Bank Visa Business Bonus Rewards PLUS Card and their Lexus Pursuits Visa Signature Credit Card, and they were starting to get in over their heads. Despite Brock’s job as a political science professor, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

8 Months in the Past, Brock Attempted Finding a High Risk Loan for $40,000.00, and it was Hard

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 physically harmful to borrowers like Brock. Brock decided not to get a high risk loan this time. High Risk loans are given to terrible credit individuals. Individuals with credit scores as low as 340 can inquire for a high risk loan and may be be accepted.

Client Profile: Brock Flitsch of Kokomo, Indiana
  • Full name (Changed if requested): Brock Flitsch
  • Current Credit: loans.hit.utils.Fico@3b22cdd0
  • Current City: Kokomo
  • State: Indiana
  • Zip code: 46906
  • Yearly income: $32,000
  • Current Job: political science professor
  • Current County: Howard
  • Goal Yearly Income: $96,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Brock’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their political science professor job and their future career as a film laboratory technician

Fico Score: 683

Brock’s Transunion score was altered by the high risk loan loan, changing to 665 from 683, which is normal in our experience.

Transunion Score: 665

Contact Details for Community First Bank of Indiana, the provider of this high risk loan

  • Community First Bank of Indiana
  • City: Kokomo
  • State: Indiana
  • Address: 201 West Sycamore Street
  • County: Howard
  • Zip code: 46901

Before applying for this high risk loan, Brock had an Experian score of 698, which is good, so Community First Bank of Indiana probably cannot provide Brock a high risk loan

Experian Score: 698

Installment loan for Brock, a graduate of Washington State University and a political science professor working for over $72,000 per year

Brock, an alumnus at Washington State University and a political science professor in Kokomo, Indiana wants a high risk loan to purchase a house. Brock has instead decided to obtain an installment loan for $28,000 and is at present seeking lenders like Bank of Reynolds to provide it.

Paraphrased and Standardized Quote from Brock for this high risk loan of $188000, provided by Community First Bank of Indiana

Hello, I am Brock and I am from Kokomo in Indiana. Howard, county is where I grew up, and now I need a high risk loan in Indiana for $188000 to buy a big ticket item. It has been difficult, but Community First Bank of Indiana really came through for me with this loan for 11.2% interest APR and a term of 11 years. I can repay the loan over the 11 year term, including interest. A big thanks to Community First Bank of Indiana for trusting me and my good credit. It look me 4 years to build my credit to 683, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

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

Normal debt consolidation loans vary from $37,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Brock needed a debt consolidation loan to pay for their existing high risk loan and their payday loan. Brock was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.6%.

Multiple previous requests for credit have been made by Brock in the past, including one from First Farmers National Bank in Kokomo, Indiana before Brock was accepted for the $188000 by Community First Bank of Indiana

Brock made 6 previous tries to obtain a high risk loan, 2 of which were with First Farmers National Bank, a lender in Kokomo, Indiana known to specialize in high risk loans specifically. Prior to finding Community First Bank of Indiana, Brock was concerned due to their inexperience and good credit score.

Previous requests on Brock’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$102220.00 5 5.4% $1947.81 The Citizens Exchange Bank February 2, 2012
$102160.00 5 7.2% $2032.54 Alliance Bank February 9, 2013
$102340.00 11 8.5% $1195.99 Farmers State Bank June 24, 2014
$102190.00 10 10.8% $1396.12 First United Bank, National Association April 15, 2015

Signature Loan acquired in Kokomo, Indiana for $188000 with good credit by Brock

Most prospective borrowers have difficulty with finding signature loans in Kokomo, Indiana, and Brock is not an exception. Brock went to 5 lenders or more before settling on Community First Bank of Indiana, who offered Brock a signature loan for $188000. Most signature loans simply require a client, like Brock’s signature to obtain them, up to $47,000 in some cases. Brock was able to get $188000 as a high risk loan, which is very high for a high risk loan. Because signature loans do not require collateral, these loans tend to require improved credit, as high as 788

Conclusion of Brock’s high risk loan

In the end, Brock was able to find a high risk loan for $188000 with an interest rate of 8.4% interest APR from Community First Bank of Indiana in Kokomo, Indiana repayable over 11 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.