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Personal Loan For $40000 Near 619, Puerto Rico With A Credit Score Of 839

$40000 Personal Loan – Bayamon Puerto Rico, Credit Score Of 839

  • Experian: 854 – This individual had an excellent Experian score
  • Transunion: 824 – Allene had an excellent credit score with Transunion.
  • Equifax: Allene’s Experian score was 839, which is an excellent credit rating using the Experian rating scheme.

Paraphrased and Standardized Quote from Allene for this personal loan of $40000, provided by Santander National Bank

Hi, I am Allene and I’m from Bayamon in Puerto Rico. Bayamon, county is where I grew up, and now I need a personal loan in Puerto Rico for $40000 to buy a car. It wasn’t easy, but Santander National Bank really came through for me with this loan for 10.2% interest APR and a term of 4 years. I can repay the loan over the 4 year term, including interest. A big thanks to Santander National Bank for trusting me and my excellent credit. It look me 8 years to create my credit to 839, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

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

Normal debt consolidation loans vary from $30,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Allene required a debt consolidation loan to pay for their existing personal loan and their payday loan. Allene was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.5%.

Fast Loans for Allene in Bayamon, Puerto Rico to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Bayamon, Puerto Rico aren’t actually that difficult to obtain, particularly if you have some gumption like Allene. Allene was able to find a fast loan for $40000 from Banco Central Hispano – Puerto Rico and Scotiabank de Puerto Rico, but turned down both offers in favor of their personal loan from Santander National Bank. 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 7 weeks for installment loans. Much better in the case that you are in a time sensitive situation.

Personal Loan for a home health aide named Allene in Bayamon, Puerto Rico to Pay Off Avon Old Farms School Visa Card

Allene had a lot of credit card debt on their LUKOIL Platinum MasterCard and their The Ritz-Carlton Rewards Credit Card, and they were starting to get in over their heads. Despite Allene’s job as a home health aide, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Allene, a graduate of Gulf Coast State College and a home health aide working for over $68,000 per year

Allene, an alumnus at Gulf Coast State College and a home health aide in Bayamon, Puerto Rico needs a personal loan to purchase a car. Allene has instead decided to obtain an installment loan for $5,000 and is at present seeking lenders like Banco Nacional, National Association to process their request.

Allene has a very low current gross income, but has a high number of prospects

Allene has always wanted to be a gynecologist, but would need attend Gulf Coast State College again to achieve it. Allene has other prospects as well, including dietitian and nutritionist, speech pathologist, and materials scientist, which pay $58,000 through to $100,000 per year, at least. Because of this, we think that Allene can afford this personal loan of $40000.

Signature Loan found in Bayamon, Puerto Rico for $40000 with excellent credit by Allene

Many borrowers have difficulty with obtaining signature loans in Bayamon, Puerto Rico, and Allene is no different. Allene went to 6 lending institutions or more before settling on Santander National Bank, who offered Allene a signature loan for $40000. Typical signature loans simply require a client, like Allene’s signature to obtain them, up to $38,000 in some cases. Allene was able to get $40000 as a personal loan, which is very high for a personal loan. Because signature loans do not need a cosigner, these loans generally need better credit, as high as 798

Previous requests on Allene’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$20160.00 9 6.8% $250.09 Roig Commercial Bank December 12, 2010
$19750.00 10 9.7% $257.73 Banco Credito y Ahorro Ponceno June 12, 2012
$19510.00 10 8.3% $239.81 Banco Popular de Puerto Rico December 1, 2012
$20340.00 5 10.7% $439.2 Banco Popular de Puerto Rico November 26, 2013
$19550.00 7 10.7% $331.67 Banco Economias February 20, 2014

Before applying for this personal loan, Allene had an Experian score of 854, which is excellent, so Santander National Bank probably cannot provide Allene a personal loan

Experian Score: 854

Allene’s Overall FICO score at the time of acceptance for a personal loan, taking into account their home health aide job and their future job as a gynecologist

Fico Score: 839

Allene’s Transunion score was altered by the personal loan loan, changing to 824 from 839, which is typical in our experience.

Transunion Score: 824

7 Months Ago, Allene Attempted to Find a High Risk Loan for $46,000.00, and it was Easy

It is an well known struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Allene. Allene chose not to get a high risk loan this time. High Risk loans are given to bad credit applicants. Clients with credit scores as low as 311 can inquire for a high risk loan and have a chance to be accepted.

Allene was not approved by Oriental Bank 7 times before being granted funding by Santander National Bank at Corner Of Highway #2 & Road 167th

On April 11, 2010, Allene applied about borrowing $27,000 from Banco Bilbao Vizcaya Argentaria Puerto Rico with Lilia, their friend from just outside Bayamon, and even with the co-signer, Allene was rejected for this personal loan. With excellent credit, it can be very hard to procure funding, even with collateral and a co-signer.

Client Profile: Allene Trippet of Bayamon, Puerto Rico
  • Full name (Changed if requested): Allene Trippet
  • Current Credit: loans.hit.utils.Fico@31221be2
  • Current City: Bayamon
  • State: Puerto Rico
  • Zip code: 627
  • Yearly income: $46,000
  • Current Job: home health aide
  • Current County: Bayamon
  • Goal Yearly Income: $128,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Contact Details for Santander National Bank, the provider of this personal loan

  • Santander National Bank
  • City: Bayamon
  • State: Puerto Rico
  • Address: Corner Of Highway #2 & Road 167th
  • County: Bayamon
  • Zip code: 619

When Allene was 22, they tried to obtain a student loan from 6 alternate banks, which harmed their credit rating. Below is a chronology of Allene’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on May 29, 2010
  • Attempt 2) Loan for $22,000.00 on July 28, 2010
  • Attempt 3) Loan for $29,000.00 on June 3, 2010
  • Attempt 4) Loan for $33,000.00 on July 1, 2009
  • Attempt 5) Loan for $29,000.00 on February 15, 2011
  • Attempt 6) Loan for $28,000.00 on February 28, 2010

Many past requests for credit have been made by Allene in the past, including one from The Merchants & Planters Bank in Bayamon, Puerto Rico before Allene was approved for the $40000 by Santander National Bank

Allene made 8 previous attempts to obtain a personal loan, 2 of which were with The Merchants & Planters Bank, a lender in Bayamon, Puerto Rico known to specialize in personal loans specifically. Prior to finding Santander National Bank, Allene was desperate due to their inexperience and excellent credit rating.

Conclusion of Allene’s personal loan

In the end, Allene was able to find a personal loan for $40000 with an interest rate of 10.3% interest APR from Santander National Bank in Bayamon, Puerto Rico repayable over 4 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.