11 Month High Risk Loan Of $81000 With A Bad FICO Credit Score Of 496

A high risk loan is a loan financing that has a higher likelihood of default in comparison to a traditional loan. The greatest risk is normally a poor credit score and or outstanding collections. There are only a few lenders that will consider working with high-risk loans and a few are listed here.

Cash Advance Payday Loan

   

Alissa made an attempt to get a high risk loan for $80,000.00 last year, but was declined

Principle of LoanLength of Term (Years)Interest Rate (APR)Monthly Installment PaymentLending Institution

$80210.00	5	9.4%	$1680.64	AuburnBank
$80340.00	4	8.1%	$1965.11	Bank of the South
$80270.00	5	6.3%	$1563.07	Alabama City Bank of Gadsden, Alabama

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Alissa has a personal loan of $20,000 lent by The Citizens Bank of Georgiana from 3 months ago

Starting Interest Rate (APR)Remaining principleLender nameLender cityLender StateLoan Obtained

7.6% APR	$17188.03 outstanding	AuburnBank	Auburn	Alabama	7 months ago
10.1% APR	$16442.53 outstanding	Bank of the South	Abbeville	Alabama	7 months ago
10.0% APR	$12960.12 outstanding	Alabama City Bank of Gadsden, Alabama	Gadsden	Alabama	19 months ago
8.6% APR	$13579.17 outstanding	The Exchange Bank, Attalla, Alabama	Attalla	Alabama	13 months ago
7.5% APR	$15190.88 outstanding	Robertson Banking Company	Demopolis	Alabama	12 months ago
6.0% APR	$12698.72 outstanding	East Gadsden Bank	Gadsden	Alabama	12 months ago

Alissa now has a Fico score of 596. This is a bad credit rating

With the Transunion scale, Alissa has a bad credit score of 580. This score changes how lenders will view their credit, and as a result, the APR of their loan

On the Experian scale, Alissa has a bad credit score of 611, that will have impacted their loan APR

Fico credit ratings are changed as a result of obtaining financing with credit. Credit can be changed by as little as 46 points, depending on the quality of the high risk loan. Alissa found an APR of 10.5, which is reasonable for a client like them.

The Fico score of Alissa was reduced to 559 from 596 due to this high risk loan application. We should not forget, any loan will reduce your credit rating. We have experienced clients having credit fluctuations of as much as 82 points on the Transunion scale. This is significant.

Standard Lender profile of Bank of Evergreen of Evergreen

Bank of Evergreen we believe to be a loan provider located in Evergreen, Alabama. This bank has 1 location currently, which is a small number of offices. Normally, lenders with such a large number of locations like Bank of Evergreen will lend to better credit people preferentially versus other, more average lenders. This is a result of the fact that they cannot afford to take risks with their capital. Most banks have all-in asset ranges of about $797 million while Bank of Evergreen has $57,570,000 total assets, making them a reasonable choice for men with fair credit ratings.
At the time of this writing, Bank of Evergreen is probably active; this indicates that you currently cannot procure financing from this bank. While we cannot be certain, our records are currently up to date with the FDIC's (Federal Deposit Insurance Corporation). Active lenders similar to Bank of Evergreen may or may not still be providing loans this month.

Alissa, a person from Evergreen, at first inquired regarding a loan of $81000. They wanted a high-risk loan.

Life is crazy sometimes, especially mine. I'm Alissa from Evergreen, Alabama and my nearest lender is Bank of Evergreen. I have inquired with Bank of Evergreen a few times and have been rejected. I want a high risk loan for $81000.Thanks, Alissa.