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Low Rate Student Loan For Bernice In Saugus, Massachusetts

$136000 Student Loan – Saugus Massachusetts, Credit Score Of 684

  • Experian: 697 – This individual had a good Experian rating
  • Transunion: 667 – Bernice had a good credit score with Transunion.
  • Equifax: Bernice’s Experian score was 684, which is a good credit score with the Experian scale.

Personal Loan for an irrigation engineer named Bernice in Saugus, Massachusetts to Pay Off Sam’s Club Business Credit Card

Bernice had a lot of credit card debt on their OfficeMax Visa Signature Card and their Bass Pro Shops Outdoor Rewards Platinum Plus Visa Credit Card, and they were starting to get in over their heads. Despite Bernice’s job as an irrigation engineer, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Many past requests for credit have been made by Bernice in the past, including one from First National Bank in Saugus, Massachusetts before Bernice was approved for the $136000 by Saugusbank, a Co-operative bank

Bernice made 9 prior attempts to obtain a student loan, 2 of which were with First National Bank, a lending institution in Saugus, Massachusetts known to specialize in student loans specifically. Before finding Saugusbank, a Co-operative bank, Bernice was desperate due to their inexperience and good credit rating.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans vary from $31,000.00 to $58,000.00. They are normally used to pay off existing high interest loans like credit cards. Bernice required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Bernice was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.1%.

Installment loan for Bernice, a graduate of East Central College and an irrigation engineer working for over $66,000 per year

Bernice, an alumnus at East Central College and an irrigation engineer in Saugus, Massachusetts wants a student loan to purchase something frivolous. Bernice has instead chosen to obtain an installment loan for $8,000 and is at present seeking lenders like The Arlington National Bank to provide it.

Paraphrased and Standardized Quote from Bernice for this student loan of $136000, provided by Saugusbank, a Co-operative bank

Hi, I am Bernice and I’m from Saugus in Massachusetts. Essex, county is where I grew up, and now I need a student loan in Massachusetts for $136000 to pay bills. It wasn’t easy, but Saugusbank, a Co-operative bank really came through for me with this loan for 10.8% interest APR and a term of 21 years. I can repay the loan over the 21 year term, including interest. A big thanks to Saugusbank, a Co-operative bank for trusting me and my good credit. It look me 6 years to build my credit to 684, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Bernice’s Transunion score was changed by the student loan loan, changing to 667 from 684, which is normal in our experience.

Transunion Score: 667

Bernice has a sad current yearly income, but has a high number of prospects

Bernice has always wanted to be a licensed practical nurse, but would need attend East Central College again to achieve it. Bernice has other prospects as well, including hospital administrator, marine drafter, and cartographic technician, which pay $52,000 through to $101,000 per year, at least. Because of this, we think that Bernice can afford this student loan of $136000.

8 Months in the Past, Bernice Attempted to Find a High Risk Loan for $26,000.00, and it was Hard

It is an existing struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Bernice. Bernice chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit borrowers. Borrowers with credit ratings as low as 460 can apply for a high risk loan and possibly can be accepted.

Before applying for this student loan, Bernice had an Experian score of 697, which is good, so Saugusbank, a Co-operative bank probably cannot provide Bernice a student loan

Experian Score: 697

Client Profile: Bernice Ihlenfeld of Saugus, Massachusetts
  • Full name (Changed if requested): Bernice Ihlenfeld
  • Current Credit: loans.hit.utils.Fico@66a29884
  • Current City: Saugus
  • State: Massachusetts
  • Zip code: 1911
  • Yearly income: $52,000
  • Current Job: irrigation engineer
  • Current County: Essex
  • Goal Yearly Income: $102,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Fast Loans for Bernice in Saugus, Massachusetts to prevent bankruptcy or harm from debt collectors.

Fast loans in Saugus, Massachusetts aren’t actually that difficult to obtain, particularly if you have some finesse like Bernice. Bernice was able to find a fast loan for $136000 from The Buzzards Bay National Bank and Fleet National Bank, but turned down both offers in favor of their student loan from Saugusbank, a Co-operative 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 7 weeks for installment loans. Much better if a client is in a pinch.

Bernice’s Overall FICO score at the time of acceptance for a student loan, taking into account their irrigation engineer job and their future career as a licensed practical nurse

Fico Score: 684

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

  • Attempt 1) Loan for $36,000.00 on October 14, 2012
  • Attempt 2) Loan for $22,000.00 on April 26, 2011
  • Attempt 3) Loan for $27,000.00 on December 17, 2013
  • Attempt 4) Loan for $30,000.00 on June 25, 2010
  • Attempt 5) Loan for $21,000.00 on June 12, 2009
  • Attempt 6) Loan for $27,000.00 on September 2, 2009

Previous requests on Bernice’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$69180.00 3 5.2% $2079.6 State Street Bank and Trust Company March 8, 2010
$68570.00 5 11.6% $1511.48 United States Trust Company November 2, 2011
$69240.00 3 11.6% $2286.55 BayBank Harvard Trust Company July 16, 2013
$69110.00 10 10.7% $940.29 Durfee Attleboro Bank December 16, 2013
$69460.00 11 11.3% $921.5 Bank of New England – North Shore July 4, 2014

Signature Loan acquired in Saugus, Massachusetts for $136000 with good credit by Bernice

Most prospective borrowers struggle with obtaining signature loans in Saugus, Massachusetts, and Bernice is not an exception. Bernice went to 8 lenders or more before settling on Saugusbank, a Co-operative bank, who offered Bernice a signature loan for $136000. Typical signature loans simply require a client, like Bernice’s signature to obtain them, up to $41,000 in some cases. Bernice was able to get $136000 as a student loan, which is very high for a student loan. Since signature loans do not require a cosigner, they generally require improved credit, as high as 740

Contact Details for Saugusbank, a Co-operative bank, the provider of this student loan

  • Saugusbank, a Co-operative bank
  • City: Saugus
  • State: Massachusetts
  • Address: 489 Lincoln Avenue
  • County: Essex
  • Zip code: 1906

Bernice was rejected by Shawmut Bank of Franklin County 4 times prior to being accepted by Saugusbank, a Co-operative bank at 489 Lincoln Avenue

On September 30, 2011, Bernice applied about borrowing $15,000 from Shawmut Bank of Franklin County with Wm, their in law from just outside Saugus, and even with the co-signer, Bernice was rejected for this student loan. With good credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Conclusion of Bernice’s student loan

In the end, Bernice was able to find a student loan for $136000 with an interest rate of 9.4% interest APR from Saugusbank, a Co-operative bank in Saugus, Massachusetts repayable over 21 years from today.

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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