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$48000 High Risk Loan In Hallowell Maine With Credit Score 428 For Lyla

$48000 High Risk Loan – Hallowell Maine, Credit Rating Of 428

  • Experian: 447 – This client had a bad Experian score
  • Transunion: 412 – Lyla had a bad credit rating with Transunion.
  • Equifax: Lyla’s Experian score was 428, which is a bad credit score with the Experian system.

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $28,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Lyla needed a debt consolidation loan to pay for their existing high risk loan and their credit card. Lyla was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.8%.

6 Months Ago, Lyla Tried to Find a High Risk Loan for $29,000.00, and it was Hard

It is an ongoing struggle for clients to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Lyla. Lyla decided not to obtain a high risk loan this time. High Risk loans are given to very low credit clients. Borrowers with credit scores as low as 317 can apply for a high risk loan and have a chance to be accepted.

Fast Loans for Lyla in Hallowell, Maine to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Hallowell, Maine aren’t actually that difficult to obtain, particularly if you have some gumption like Lyla. Lyla was able to find a fast loan for $48000 from The National Bank of Gardiner and The Camden National Bank, but turned down both offers in favor of their high risk loan from Hallowell Savings and Loan Association. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement if you are in a time sensitive situation.

Lyla’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their forest and conservation technician job and their future job as a camp director

Fico Score: 428

Lyla was not approved by Maine National Bank 6 times before being granted funding by Hallowell Savings and Loan Association at 143 Water Street

On May 15, 2013, Lyla applied about borrowing $5,000 from Katahdin Trust Company with Ethelyn, their in law from just outside Hallowell, and even with the co-signer, Lyla was rejected for this high risk loan. With bad credit, it can be difficult to procure funding, even with collateral and a co-signer.

Before applying for this high risk loan, Lyla had an Experian score of 447, which is bad, so Hallowell Savings and Loan Association probably cannot provide Lyla a high risk loan

Experian Score: 447

Contact Details for Hallowell Savings and Loan Association, the provider of this high risk loan

  • Hallowell Savings and Loan Association
  • City: Hallowell
  • State: Maine
  • Address: 143 Water Street
  • County: Kennebec
  • Zip code: 4347

Paraphrased and Standardized Quote from Lyla for this high risk loan of $48000, provided by Hallowell Savings and Loan Association

Hi, I am Lyla and I’m from Hallowell in Maine. Kennebec, county is where I grew up, and now I need a high risk loan in Maine for $48000 to buy a big ticket item. It has been difficult, but Hallowell Savings and Loan Association really came through for me with this loan for 5.6% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to Hallowell Savings and Loan Association for giving me a chance and my bad credit. It look me 7 years to create my credit to 428, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Client Profile: Lyla Hoople of Hallowell, Maine
  • Full name (Changed if requested): Lyla Hoople
  • Current Credit: loans.hit.utils.Fico@25f38edc
  • Current City: Hallowell
  • State: Maine
  • Zip code: 4351
  • Yearly income: $66,000
  • Current Job: forest and conservation technician
  • Current County: Kennebec
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Personal Loan for a forest and conservation technician named Lyla in Hallowell, Maine to Pay Off Pacific Sunwear PacSun Credit Card

Lyla had a lot of credit card debt on their Northwestern University Platinum MasterCard and their Wyndham Rewards Visa Signature Card, and they were starting to get in over their heads. Despite Lyla’s job as a forest and conservation technician, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Lyla has a disappointing current total income, but has several of prospects

Lyla has always wanted to be a camp director, but would need attend New River Community and Technical College again to achieve it. Lyla has other possibilities as well, including livestock commission agent, tour guide, and dry wall installer, which pay $57,000 through to $97,000 per year, at least. For this reason, we think that Lyla can pay for this high risk loan of $48000.

Many previous requests for credit have been made by Lyla in the past, including one from Highlands Bank in Hallowell, Maine before Lyla was accepted for the $48000 by Hallowell Savings and Loan Association

Lyla made 5 previous tries to obtain a high risk loan, 2 of which were with Highlands Bank, a lending institution in Hallowell, Maine known to specialize in high risk loans specifically. Before finding Hallowell Savings and Loan Association, Lyla was concerned due to their inexperience and bad credit score.

Installment loan for Lyla, a graduate of New River Community and Technical College and a forest and conservation technician working for over $77,000 per year

Lyla, an alumnus at New River Community and Technical College and a forest and conservation technician in Hallowell, Maine needs a high risk loan to purchase a new cell phone. Lyla has instead chosen to get an installment loan for $11,000 and is currently seeking lenders like Bank of Maine, N. A. to provide it.

Previous requests on Lyla’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$59280.00 11 9.1% $712.31 Fleet Bank of Maine July 23, 2013
$59160.00 8 7.5% $821.37 Union Trust Company September 29, 2013
$58650.00 4 7.8% $1426.32 Northeast Bank of Sanford November 13, 2014
$58840.00 9 8.1% $769.07 Bank of Maine, N. A. February 5, 2015

Lyla’s Transunion score was changed by the high risk loan loan, changing to 412 from 428, which is normal in our experience.

Transunion Score: 412

When Lyla was 24, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a list of Lyla’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on December 7, 2011
  • Attempt 2) Loan for $20,000.00 on August 6, 2009
  • Attempt 3) Loan for $20,000.00 on May 28, 2009
  • Attempt 4) Loan for $29,000.00 on December 15, 2009

Signature Loan easily acquired in Hallowell, Maine for $48000 with bad credit by Lyla

Many prospective borrowers have difficulty with obtaining signature loans in Hallowell, Maine, and Lyla is the same. Lyla went to 6 lending institutions or more before settling on Hallowell Savings and Loan Association, who offered Lyla a signature loan for $48000. Typical signature loans simply require a client, like Lyla’s signature to obtain them, up to $26,000 in some cases. Lyla was able to get $48000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t require a cosigner, these loans tend to need better credit, as high as 769

Conclusion of Lyla’s high risk loan

In the end, Lyla was able to find a high risk loan for $48000 with an interest rate of 5.0% interest APR from Hallowell Savings and Loan Association in Hallowell, Maine repayable over 24 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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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.