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Secured Loan For $30000 Near 11040, New York With A Credit Score Of 464

$30000 Secured Loan – Garden City Park New York, Credit Score Of 464

  • Experian: 475 – They had a bad Experian rating
  • Transunion: 451 – Rosalie had a bad credit rating with Transunion.
  • Equifax: Rosalie’s Experian score was 464, which is a bad credit rating with the Experian system.

When Rosalie was 19, they tried to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a list of Rosalie’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on December 26, 2008
  • Attempt 2) Loan for $26,000.00 on November 16, 2009
  • Attempt 3) Loan for $39,000.00 on May 23, 2009
  • Attempt 4) Loan for $20,000.00 on December 14, 2013
  • Attempt 5) Loan for $28,000.00 on October 2, 2011
  • Attempt 6) Loan for $30,000.00 on November 24, 2008
  • Attempt 7) Loan for $38,000.00 on October 17, 2009

Previous requests on Rosalie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$18240.00 5 8.6% $375.1 Bankers Trust Company of Albany, National Association February 26, 2012
$18480.00 3 7.4% $573.99 Montgomery County Trust Company January 30, 2013
$17820.00 3 6.6% $546.98 Bank of Avoca November 11, 2013
$18460.00 6 11.8% $358.98 The State Bank of Belmont May 13, 2014

Rosalie’s Transunion score was altered by the secured loan loan, changing to 451 from 464, which is normal in our experience.

Transunion Score: 451

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $28,000.00 to $54,000.00. They are normally used to pay off existing high interest loans like credit cards. Rosalie required a debt consolidation loan to pay for their existing secured loan and their credit card. Rosalie was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.1%.

Multiple other requests for credit have been made by Rosalie in the past, including one from The Erie County Bank in Garden City Park, New York before Rosalie was accepted for the $30000 by Hanover Community Bank

Rosalie made 9 previous tries to obtain a secured loan, 2 of which were with The Erie County Bank, a bank in Garden City Park, New York known to specialize in secured loans specifically. Before finding Hanover Community Bank, Rosalie was concerned due to their inexperience and bad credit score.

Fast Loans for Rosalie in Garden City Park, New York to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Garden City Park, New York aren’t actually that difficult to obtain, especially if you have some gumption like Rosalie. Rosalie was able to find a fast loan for $30000 from Partners Trust Municipal Bank and Endicott Trust Company, but turned down both offers in favor of their secured loan from Hanover Community Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement in the case that a borrower is in a time sensitive situation.

Before applying for this secured loan, Rosalie had an Experian score of 475, which is bad, so Hanover Community Bank likely cannot provide Rosalie a secured loan

Experian Score: 475

Installment loan for Rosalie, a graduate of Seton Hall University and a nuclear medicine technologist working for over $76,000 per year

Rosalie, an alumnus at Seton Hall University and a nuclear medicine technologist in Garden City Park, New York needs a secured loan to purchase a new cell phone. Rosalie has instead chosen to obtain an installment loan for $20,000 and is currently seeking lenders like Lewis County Trust Company to process their request.

Personal Loan for a nuclear medicine technologist named Rosalie in Garden City Park, New York to Pay Off University of Pennsylvania

Rosalie had a lot of credit card debt on their TD First Class Visa Signature Credit Card and their American State Bank MasterCard, and they were starting to get in over their heads. Despite Rosalie’s job as a nuclear medicine technologist, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Contact Details for Hanover Community Bank, the provider of this secured loan

  • Hanover Community Bank
  • City: Garden City Park
  • State: New York
  • Address: 2131 Jericho Turnpike
  • County: Nassau
  • Zip code: 11040

Rosalie’s Overall FICO score at the time of acceptance for a secured loan, taking into account their nuclear medicine technologist job and their future career as a sports agent

Fico Score: 464

6 Months in the Past, Rosalie Tried Finding a High Risk Loan for $27,000.00, but They Didn’t Find What They were Expecting

There is an well known 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 the like, which can be physically harmful to borrowers like Rosalie. Rosalie decided not to obtain a high risk loan this time. High Risk loans are given to bad credit clients. Borrowers with credit ratings as low as 558 can inquire for a high risk loan and possibly can be approved.

Paraphrased and Standardized Quote from Rosalie for this secured loan of $30000, provided by Hanover Community Bank

Hello, I am Rosalie and I’m from Garden City Park in New York. Nassau, county is where I grew up, and now I need a secured loan in New York for $30000 to buy a big ticket item. It has been difficult, but Hanover Community Bank really came through for me with this loan for 10.1% interest APR and a term of 6 years. I will repay the loan over the 6 year term, including interest. A big thanks to Hanover Community Bank for trusting me and my bad credit. It look me 9 years to build my credit to 464, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Rosalie was rejected by The Merchants Bank of New York 4 times prior to being granted funding by Hanover Community Bank at 2131 Jericho Turnpike

On July 25, 2013, Rosalie applied about borrowing $11,000 from Bankers Trust Company of Albany, National Association with Julee, their friend from just outside Garden City Park, and even with the co-signer, Rosalie was rejected for this secured loan. With bad credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Signature Loan found in Garden City Park, New York for $30000 with bad credit by Rosalie

A lot of prospective borrowers struggle with finding signature loans in Garden City Park, New York, and Rosalie is not an exception. Rosalie went to 7 lending institutions or more prior to settling on Hanover Community Bank, who offered Rosalie a signature loan for $30000. Most signature loans simply need a client, like Rosalie’s signature to obtain them, up to $41,000 in some cases. Rosalie was able to get $30000 as a secured loan, which is very high for a secured loan. Because signature loans do not need a cosigner, these loans tend to require improved credit, as high as 721

Client Profile: Rosalie Baldree of Garden City Park, New York
  • Full name (Changed if requested): Rosalie Baldree
  • Current Credit: loans.hit.utils.Fico@4783da3f
  • Current City: Garden City Park
  • State: New York
  • Zip code: 11048
  • Yearly income: $36,000
  • Current Job: nuclear medicine technologist
  • Current County: Nassau
  • Goal Yearly Income: $85,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Rosalie has a low current yearly income, but has several of prospects

Rosalie has always wanted to be a sports agent, but would need attend Seton Hall University again to become one. Rosalie has other possibilities as well, including human factors psychologist, marine cargo surveyor, and audiovisual production specialist, which pay $50,000 through to $91,000 per year, on average. For this reason, we think that Rosalie can pay for this secured loan of $30000.

Conclusion of Rosalie’s secured loan

In the end, Rosalie was able to find a secured loan for $30000 with an interest rate of 11.3% interest APR from Hanover Community Bank in Garden City Park, New York repayable over 6 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.