$96000 Secured Loan – Casco Wisconsin, Credit Score Of 536
- Experian: 554 – The client had a fair Experian score
- Transunion: 518 – Tyler had a fair credit rating with Transunion.
- Equifax: Tyler’s Experian score was 536, which is a fair credit score with the Experian rating scheme.
Signature Loan found in Casco, Wisconsin for $96000 with fair credit by Tyler
A lot of borrowers have difficulty with finding signature loans in Casco, Wisconsin, and Tyler is not an exception. Tyler went to 6 lenders or more before settling on Valley Bank of Casco, who offered Tyler a signature loan for $96000. Most signature loans simply need a client, like Tyler’s signature to obtain them, up to $28,000 in some cases. Tyler was able to get $96000 as a secured loan, which is very high for a secured loan. Since signature loans do not need collateral, they generally require improved credit, as high as 715
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans range from $26,000.00 to $43,000.00. They are mainly used to pay off existing high interest loans like credit cards. Tyler needed a debt consolidation loan to pay for their existing secured loan and their credit card. Tyler was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes 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%.
Tyler was not approved by Baylake Bank 5 times before being accepted by Valley Bank of Casco at State Highway 54
On August 3, 2009, Tyler applied about borrowing $15,000 from Marine Tobacco Exchange Bank with Katharina, their in law from just outside Casco, and even with the co-signer, Tyler was rejected for this secured loan. With fair credit, it can be a challenge to procure financing, even with collateral and a co-signer.
Previous requests on Tyler’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$73750.00||6||10.3%||$1377.46||M&I Bank of Burlington||February 3, 2010|
|$73870.00||11||6.6%||$788.6||M&I Marshall and Ilsley Bank||December 4, 2012|
|$73550.00||11||6.7%||$789.01||Continental Bank & Trust Co.||November 10, 2013|
|$73550.00||7||10.5%||$1240.1||Clare Bank, National Association||May 6, 2015|
|$74290.00||7||9.2%||$1202.81||Norwest Bank Wisconsin East Central||June 13, 2015|
Paraphrased and Standardized Quote from Tyler for this secured loan of $96000, provided by Valley Bank of Casco
Hello, I am Tyler and my hometown is Casco in Wisconsin. Kewaunee, county is where I grew up, and now I need a secured loan in Wisconsin for $96000 to renovate my home. It has been difficult, but Valley Bank of Casco really came through for me with this loan for 5.1% interest APR and a term of 5 years. I can repay the loan over the 5 year term, including interest. A big thanks to Valley Bank of Casco for trusting me and my fair credit. It look me 7 years to create my credit to 536, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.
9 Months in the Past, Tyler Attempted to Find a High Risk Loan for $32,000.00, and it was Hard
There is an well known struggle for clients to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Tyler. Tyler decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit applicants. Clients with credit ratings as low as 561 can inquire for a high risk loan and possibly can be accepted.
Contact Details for Valley Bank of Casco, the provider of this secured loan
- Valley Bank of Casco
- City: Casco
- State: Wisconsin
- Address: State Highway 54
- County: Kewaunee
- Zip code: 54205
Before applying for this secured loan, Tyler had an Experian score of 554, which is fair, so Valley Bank of Casco likely cannot provide Tyler a secured loan
Fast Loans for Tyler in Casco, Wisconsin to prevent bankruptcy or harm from debt collectors.
Fast loans in Casco, Wisconsin aren’t actually that difficult to obtain, especially if you have some finesse like Tyler. Tyler was able to find a fast loan for $96000 from Associated Bank Madison and Continental Bank & Trust Co., but declined both offers in favor of their secured loan from Valley Bank of Casco. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. An improvement if a client is in a pinch.
Tyler’s Overall FICO score at the time of acceptance for a secured loan, taking into account their photo-optics technician job and their future job as a building maintenance mechanic
Installment loan for Tyler, a graduate of West Chester University of Pennsylvania and a photo-optics technician working for over $61,000 per year
Tyler, an alumnus at West Chester University of Pennsylvania and a photo-optics technician in Casco, Wisconsin needs a secured loan to purchase a new cell phone. Tyler has instead chosen to obtain an installment loan for $13,000 and is currently seeking lenders like South Milwaukee Marine Bank to provide it.
When Tyler was 19, they tried to obtain a student loan from 6 different lenders, which damaged their credit rating. Below is a list of Tyler’s prior attempts at finding a student loan:
- Attempt 1) Loan for $36,000.00 on January 14, 2010
- Attempt 2) Loan for $37,000.00 on March 18, 2012
- Attempt 3) Loan for $23,000.00 on February 11, 2012
- Attempt 4) Loan for $23,000.00 on December 8, 2011
- Attempt 5) Loan for $38,000.00 on September 20, 2010
- Attempt 6) Loan for $29,000.00 on May 21, 2011
- Full name (Changed if requested): Tyler Stefanow
- Current Credit: loans.hit.utils.Fico@7591083d
- Current City: Casco
- State: Wisconsin
- Zip code: 54213
- Yearly income: $33,000
- Current Job: photo-optics technician
- Current County: Kewaunee
- Goal Yearly Income: $85,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Many other requests for credit have been made by Tyler in the past, including one from The Overland National Bank of Grand Island in Casco, Wisconsin before Tyler was approved for the $96000 by Valley Bank of Casco
Tyler made 4 previous tries to obtain a secured loan, 2 of which were with The Overland National Bank of Grand Island, a lending institution in Casco, Wisconsin known to specialize in secured loans specifically. Prior to finding Valley Bank of Casco, Tyler was concerned due to their inexperience and fair credit score.
Tyler has a low current gross income, but has a high number of prospects
Tyler has always wanted to be a building maintenance mechanic, but would need attend West Chester University of Pennsylvania again to achieve it. Tyler has other possibilities as well, including medical photographer, cartoonist, and farm products purchasing agent, which pay $51,000 through to $102,000 per year, at least. Because of this, we think that Tyler can pay for this secured loan of $96000.
Personal Loan for a photo-optics technician named Tyler in Casco, Wisconsin to Pay Off First Niagara Bank MasterCard
Tyler had a lot of credit card debt on their PNC Bank points Visa Credit Card and their First Niagara Standard Mastercard, and they were starting to get in over their heads. Despite Tyler’s job as a photo-optics technician, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Tyler’s Transunion score was altered by the secured loan loan, changing to 518 from 536, which is typical in our experience.
Conclusion of Tyler’s secured loan
In the end, Tyler was able to find a secured loan for $96000 with an interest rate of 8.1% interest APR from Valley Bank of Casco in Casco, Wisconsin repayable over 5 years from today.