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8 Year Fast Loan For Russel In Phoenix Arizona

$120000 Fast Loan – Phoenix Arizona, Credit Score Of 671

  • Experian: 682 – This individual had a good Experian rating
  • Transunion: 655 – Russel had a good credit rating with Transunion.
  • Equifax: Russel’s Experian score was 671, which is a good credit rating on the Experian scale.

Fast Loans for Russel in Phoenix, Arizona to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Phoenix, Arizona aren’t actually that difficult to obtain, especially if you have some gumption like Russel. Russel was able to find a fast loan for $120000 from The Bank of Prescott and Century Bank, but declined both offers in favor of their fast loan from The North American Bank. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. An improvement in the case that a borrower is in a pinch.

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

Russel has always wanted to be a boat builder, but would need attend Indiana Wesleyan University again to achieve it. Russel has other possibilities as well, including financial analyst, employment interviewer, and adjustment clerk, which pay $55,000 through to $104,000 per year, at least. For this reason, we believe that Russel can pay for this fast loan of $120000.

Previous requests on Russel’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$16820.00 9 11.4% $249.74 Wells Fargo Bank of Arizona, National Association December 20, 2011
$16780.00 10 7.8% $201.82 Citibank (Arizona) December 18, 2014
$17140.00 3 8.2% $538.69 Southern Arizona Bank and Trust Company April 5, 2015
$16550.00 6 11.8% $321.84 Bank One, Arizona, National Association May 7, 2015

Russel was rejected by Grand Canyon State Bank 7 times before being granted funding by The North American Bank at 201 North First Avenue

On January 15, 2013, Russel applied about borrowing $10,000 from Heritage Bank with Nelle, their in law from just outside Phoenix, and even with the co-signer, Russel was rejected for this fast loan. With good credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Installment loan for Russel, a graduate of Indiana Wesleyan University and a finance manager working for over $65,000 per year

Russel, an alumnus at Indiana Wesleyan University and a finance manager in Phoenix, Arizona needs a fast loan to purchase a house. Russel has instead chosen to get an installment loan for $29,000 and is at present seeking lenders like Bank of Scottsdale to process their request.

Russel’s Overall FICO score at the time of acceptance for a fast loan, taking into account their finance manager job and their future career as a boat builder

Fico Score: 671

Signature Loan acquired in Phoenix, Arizona for $120000 with good credit by Russel

Most prospective borrowers struggle with obtaining signature loans in Phoenix, Arizona, and Russel is the same. Russel went to 5 lending institutions or more prior to finding The North American Bank, who offered Russel a signature loan for $120000. Most signature loans simply need a client, like Russel’s signature to get them, up to $35,000 in some cases. Russel was able to get $120000 as a fast loan, which is very high for a fast loan. Since signature loans don’t need a cosigner, these loans generally need improved credit, as high as 782

Personal Loan for a finance manager named Russel in Phoenix, Arizona to Pay Off RBC Pharmaprix Optimum MasterCard

Russel had a lot of credit card debt on their Fidelity Investment Rewards Visa Signature Card and their BB&T Visa Business Credit Card, and they were starting to get in over their heads. Despite Russel’s job as a finance manager, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Contact Details for The North American Bank, the provider of this fast loan

  • The North American Bank
  • City: Phoenix
  • State: Arizona
  • Address: 201 North First Avenue
  • County: Maricopa
  • Zip code: 85002

When Russel was 21, they attempted to obtain a student loan from 6 different banks, which harmed their credit score. Below is a chronology of Russel’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on April 3, 2012
  • Attempt 2) Loan for $34,000.00 on November 30, 2011
  • Attempt 3) Loan for $23,000.00 on July 4, 2012
  • Attempt 4) Loan for $20,000.00 on January 27, 2009
  • Attempt 5) Loan for $21,000.00 on May 9, 2014
  • Attempt 6) Loan for $36,000.00 on July 6, 2011

Many past requests for credit have been made by Russel in the past, including one from Union Bank and Trust Company of Indiana in Phoenix, Arizona before Russel was accepted for the $120000 by The North American Bank

Russel made 8 prior attempts to obtain a fast loan, 2 of which were with Union Bank and Trust Company of Indiana, a bank in Phoenix, Arizona known to specialize in fast loans specifically. Prior to finding The North American Bank, Russel was desperate due to their inexperience and good credit score.

Russel’s Transunion score was changed by the fast loan loan, changing to 655 from 671, which is normal in our experience.

Transunion Score: 655

9 Months Ago, Russel Tried to Find a High Risk Loan for $49,000.00, and it was Hard

It is an well known struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Russel. Russel chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Borrowers with credit scores as low as 555 can apply for a high risk loan and have a chance to be accepted.

Paraphrased and Standardized Quote from Russel for this fast loan of $120000, provided by The North American Bank

Hi, I am Russel and I’m from Phoenix in Arizona. Maricopa, county is where I grew up, and now I need a fast loan in Arizona for $120000 to pay bills. It wasn’t easy, but The North American Bank really came through for me with this loan for 7.3% interest APR and a term of 1 years. I can probably repay the loan over the 1 year term, including interest. A big thanks to The North American Bank for trusting me and my good credit. It look me 8 years to build my credit to 671, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Before applying for this fast loan, Russel had an Experian score of 682, which is good, so The North American Bank likely cannot provide Russel a fast loan

Experian Score: 682

Client Profile: Russel Callender of Phoenix, Arizona
  • Full name (Changed if requested): Russel Callender
  • Current Credit: loans.hit.utils.Fico@66cd51c3
  • Current City: Phoenix
  • State: Arizona
  • Zip code: 85010
  • Yearly income: $39,000
  • Current Job: finance manager
  • Current County: Maricopa
  • Goal Yearly Income: $115,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

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

Normal debt consolidation loans range from $26,000.00 to $53,000.00. They are typically used to pay off existing high interest loans like credit cards. Russel required a debt consolidation loan to pay for their existing fast loan and their loan shark loan. Russel was able to find a fast loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.4%.

Conclusion of Russel’s fast loan

In the end, Russel was able to find a fast loan for $120000 with an interest rate of 8.7% interest APR from The North American Bank in Phoenix, Arizona repayable over 1 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.