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Secured Loan With Reasonable APR In Mercer County, New Jersey

$33000 Secured Loan – Trenton New Jersey, Credit Score Of 425

  • Experian: 435 – The client had a bad Experian score
  • Transunion: 407 – Ira had a bad credit rating with Transunion.
  • Equifax: Ira’s Experian score was 425, which is a bad credit score using the Experian scale.

Signature Loan easily acquired in Trenton, New Jersey for $33000 with bad credit by Ira

Most clients struggle with obtaining signature loans in Trenton, New Jersey, and Ira is no exception. Ira went to 8 lending institutions or more prior to settling on White Horse Savings and Loan Association, who offered Ira a signature loan for $33000. Most signature loans simply require a client, like Ira’s signature to obtain them, up to $31,000 in some cases. Ira was able to get $33000 as a secured loan, which is very high for a secured loan. Since signature loans do not need collateral, these loans tend to need higher credit, as high as 751

Ira was not approved by Citizens’ Bank, National Association 7 times prior to being granted funding by White Horse Savings and Loan Association at 3745 Quakerbridge Road

On May 24, 2010, Ira applied about borrowing $18,000 from Somerset Hills & County National Bank with Tanja, their in law from just outside Trenton, and even with the co-signer, Ira was rejected for this secured loan. With bad credit, it can be challenging to procure financing, even with collateral and a co-signer.

Previous requests on Ira’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$15350.00 5 9.3% $320.88 The State Bank of North Jersey March 2, 2011
$14660.00 6 8.1% $257.75 Carteret Bank and Trust Company April 24, 2011
$15200.00 5 6.2% $295.27 United Jersey Bank/Northwest October 10, 2013
$15410.00 11 7.6% $172.61 People’s Trust Company December 24, 2013

When Ira was 19, they tried to obtain a student loan from 7 alternate banks, which damaged their credit rating. Below is a list of Ira’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on January 16, 2009
  • Attempt 2) Loan for $36,000.00 on January 2, 2009
  • Attempt 3) Loan for $31,000.00 on May 9, 2009
  • Attempt 4) Loan for $30,000.00 on January 13, 2010
  • Attempt 5) Loan for $24,000.00 on June 27, 2012
  • Attempt 6) Loan for $31,000.00 on March 20, 2012
  • Attempt 7) Loan for $36,000.00 on December 13, 2011

Several previous requests for credit have been made by Ira in the past, including one from Citizens Bank and Trust Co. in Trenton, New Jersey before Ira was approved for the $33000 by White Horse Savings and Loan Association

Ira made 7 prior attempts to obtain a secured loan, 2 of which were with Citizens Bank and Trust Co., a bank in Trenton, New Jersey known to specialize in secured loans specifically. Prior to finding White Horse Savings and Loan Association, Ira was very concerned due to their inexperience and bad credit score.

Paraphrased and Standardized Quote from Ira for this secured loan of $33000, provided by White Horse Savings and Loan Association

Hello, I am Ira and I’m from Trenton in New Jersey. Mercer, county is where I grew up, and now I need a secured loan in New Jersey for $33000 to renovate my home. It has been difficult, but White Horse Savings and Loan Association really came through for me with this loan for 8.8% interest APR and a term of 23 years. I can probably repay the loan over the 23 year term, including interest. A big thanks to White Horse Savings and Loan Association for trusting me and my bad credit. It look me 5 years to build my credit to 425, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.

Ira has a sad current gross income, but has several of prospects

Ira has always wanted to be a law professor, but would need attend Valley College of Medical Careers – West Hills again to achieve it. Ira has other possibilities as well, including furniture designer, recreational protective service worker, and field contractor, which pay $59,000 through to $104,000 per year, on average. For this reason, we think that Ira can afford this secured loan of $33000.

6 Months in the Past, Ira Tried Finding a High Risk Loan for $23,000.00, and it was Easy

It is an existing struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Ira. Ira chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Borrowers with credit scores as low as 498 can apply for a high risk loan and have a chance to be accepted.

Client Profile: Ira Blackson of Trenton, New Jersey
  • Full name (Changed if requested): Ira Blackson
  • Current Credit: loans.hit.utils.Fico@4fca772d
  • Current City: Trenton
  • State: New Jersey
  • Zip code: 8627
  • Yearly income: $67,000
  • Current Job: historic site administrator
  • Current County: Mercer
  • Goal Yearly Income: $134,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Ira’s Overall FICO score at the time of acceptance for a secured loan, taking into account their historic site administrator job and their future career as a law professor

Fico Score: 425

Fast Loans for Ira in Trenton, New Jersey to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Trenton, New Jersey aren’t actually that difficult to obtain, particularly if you have some finesse like Ira. Ira was able to find a fast loan for $33000 from Fort Lee Trust Company and Summit Bank, but turned down both offers in favor of their secured loan from White Horse Savings and Loan Association. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big improvement if a client is in a time sensitive situation.

Before applying for this secured loan, Ira had an Experian score of 435, which is bad, so White Horse Savings and Loan Association probably cannot provide Ira a secured loan

Experian Score: 435

Contact Details for White Horse Savings and Loan Association, the provider of this secured loan

  • White Horse Savings and Loan Association
  • City: Trenton
  • State: New Jersey
  • Address: 3745 Quakerbridge Road
  • County: Mercer
  • Zip code: 8619

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans vary from $37,000.00 to $50,000.00. They are mainly used to pay off existing high interest loans like credit cards. Ira needed a debt consolidation loan to pay for their existing secured loan and their credit card. Ira was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your bad, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.3%.

Personal Loan for a historic site administrator named Ira in Trenton, New Jersey to Pay Off BB&T Visa Business Credit Card

Ira had a lot of credit card debt on their Banana Republic Credit Card and their Citgo Celebrity Credit Card, and they were starting to get in over their heads. Despite Ira’s job as a historic site administrator, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Ira, a graduate of Valley College of Medical Careers – West Hills and a historic site administrator working for over $70,000 per year

Ira, an alumnus at Valley College of Medical Careers – West Hills and a historic site administrator in Trenton, New Jersey needs a secured loan to purchase something frivolous. Ira has instead decided to get an installment loan for $9,000 and is currently seeking lenders like Community Bank of Bergen County, N. J. to provide it.

Ira’s Transunion score was changed by the secured loan loan, changing to 407 from 425, which is normal in our experience.

Transunion Score: 407

Conclusion of Ira’s secured loan

In the end, Ira was able to find a secured loan for $33000 with an interest rate of 6.4% interest APR from White Horse Savings and Loan Association in Trenton, New Jersey repayable over 23 years from now.

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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