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Private Loan Of $141000 For Excellent Credit Massachusetts Resident

$141000 Private Loan – Boston Massachusetts, Credit Rating Of 790

  • Experian: 801 – The client had an excellent Experian score
  • Transunion: 775 – Loree had an excellent credit score with Transunion.
  • Equifax: Loree’s Experian score was 790, which is an excellent credit rating with the Experian scale.

Installment loan for Loree, a graduate of Indiana University – Purdue University Indianapolis and a health case manager working for over $75,000 per year

Loree, an alumnus at Indiana University – Purdue University Indianapolis and a health case manager in Boston, Massachusetts needs a private loan to purchase a new cell phone. Loree has instead chosen to get an installment loan for $1,000 and is currently seeking lenders like BayBank First Easthampton, N.A. to provide it.

Fast Loans for Loree in Boston, Massachusetts to prevent bankruptcy or harm from debt collectors.

Fast loans in Boston, Massachusetts aren’t actually that difficult to obtain, particularly if you have some gumption like Loree. Loree was able to find a fast loan for $141000 from Eastern Bank and Trust Company and First Bristol County National Bank, but turned down both offers in favor of their private loan from Mercantile Bank and Trust Company. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better if a borrower is on the go.

Loree has a sad current total income, but has several of prospects

Loree has always wanted to be an insurance estate planner, but would need attend Indiana University – Purdue University Indianapolis again to achieve it. Loree has other prospects as well, including pilot, military analyst, and quality control technician, which pay $53,000 through to $91,000 per year, on average. Because of this, we believe that Loree can afford this private loan of $141000.

Loree’s Transunion score was altered by the private loan loan, changing to 775 from 790, which is normal in our experience.

Transunion Score: 775

Paraphrased and Standardized Quote from Loree for this private loan of $141000, provided by Mercantile Bank and Trust Company

Hello, I am Loree and I am from Boston in Massachusetts. Suffolk, county is where I grew up, and now I need a private loan in Massachusetts for $141000 to pay bills. It wasn’t easy, but Mercantile Bank and Trust Company really came through for me with this loan for 9.1% interest APR and a term of 9 years. I can repay the loan over the 9 year term, including interest. A big thanks to Mercantile Bank and Trust Company for trusting me and my excellent credit. It look me 5 years to build my credit to 790, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

When Loree was 24, they attempted to obtain a student loan from 5 different banks, which harmed their credit score. Below is a list of Loree’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on December 12, 2008
  • Attempt 2) Loan for $20,000.00 on January 10, 2009
  • Attempt 3) Loan for $38,000.00 on September 10, 2010
  • Attempt 4) Loan for $25,000.00 on November 28, 2013
  • Attempt 5) Loan for $37,000.00 on July 20, 2010

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

Average debt consolidation loans vary from $30,000.00 to $56,000.00. They are normally used to pay off existing high interest loans like credit cards. Loree needed a debt consolidation loan to pay for their existing private loan and their loan shark loan. Loree was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your dirty, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.6%.

Loree’s Overall FICO score at the time of acceptance for a private loan, taking into account their health case manager job and their future job as an insurance estate planner

Fico Score: 790

Before applying for this private loan, Loree had an Experian score of 801, which is excellent, so Mercantile Bank and Trust Company probably cannot provide Loree a private loan

Experian Score: 801

Multiple previous requests for credit have been made by Loree in the past, including one from Tower Federal Savings and Loan Association in Boston, Massachusetts before Loree was approved for the $141000 by Mercantile Bank and Trust Company

Loree made 9 prior attempts to obtain a private loan, 2 of which were with Tower Federal Savings and Loan Association, a lending institution in Boston, Massachusetts known to specialize in private loans specifically. Prior to finding Mercantile Bank and Trust Company, Loree was desperate due to their inexperience and excellent credit rating.

Loree was declined by Attleboro Trust Company 5 times before being accepted by Mercantile Bank and Trust Company at 61-65 Brookline Avenue

On September 30, 2009, Loree applied about borrowing $36,000 from The Beverly National Bank with Breann, their in law from just outside Boston, and even with the co-signer, Loree was rejected for this private loan. With excellent credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Signature Loan found in Boston, Massachusetts for $141000 with excellent credit by Loree

A lot of borrowers struggle with finding signature loans in Boston, Massachusetts, and Loree is no exception. Loree went to 5 lenders or more before settling on Mercantile Bank and Trust Company, who offered Loree a signature loan for $141000. Most signature loans simply need a client, like Loree’s signature to get them, up to $21,000 in some cases. Loree was able to get $141000 as a private loan, which is very high for a private loan. Because signature loans don’t need collateral, these loans generally need better credit, as high as 767

Personal Loan for a health case manager named Loree in Boston, Massachusetts to Pay Off OneCall Credit Card

Loree had a lot of credit card debt on their Smith Barney Platinum Select MasterCard and their Astoria Bank Platinum Edition Visa Card, and they were starting to get in over their heads. Despite Loree’s job as a health case manager, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Previous requests on Loree’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$75240.00 8 11.6% $1206.39 State Street Bank and Trust Company May 4, 2012
$74840.00 8 5.1% $951.04 United States Trust Company November 19, 2014
$74840.00 5 8.3% $1528.25 BayBank Harvard Trust Company July 16, 2015
$75130.00 11 6.7% $805.95 Durfee Attleboro Bank July 25, 2015

7 Months Ago, Loree Attempted to Find a High Risk Loan for $45,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for borrowers to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Loree. Loree chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit borrowers. Clients with credit ratings as low as 368 can inquire for a high risk loan and possibly can be accepted.

Contact Details for Mercantile Bank and Trust Company, the provider of this private loan

  • Mercantile Bank and Trust Company
  • City: Boston
  • State: Massachusetts
  • Address: 61-65 Brookline Avenue
  • County: Suffolk
  • Zip code: 2215
Client Profile: Loree Bellmay of Boston, Massachusetts
  • Full name (Changed if requested): Loree Bellmay
  • Current Credit: loans.hit.utils.Fico@12edcd21
  • Current City: Boston
  • State: Massachusetts
  • Zip code: 2217
  • Yearly income: $34,000
  • Current Job: health case manager
  • Current County: Suffolk
  • Goal Yearly Income: $88,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Conclusion of Loree’s private loan

In the end, Loree was able to find a private loan for $141000 with an interest rate of 8.4% interest APR from Mercantile Bank and Trust Company in Boston, Massachusetts repayable over 9 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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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.