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Signature Loan With Reasonable APR In Bronx County, New York

$1216000 Signature Loan – Bronx New York, Credit Score Of 692

  • Experian: 708 – The client had a good Experian score
  • Transunion: 679 – Frankie had a good credit rating with Transunion.
  • Equifax: Frankie’s Experian score was 692, which is a good credit rating on the Experian system.

Frankie’s Overall FICO score at the time of acceptance for a signature loan, taking into account their marine surveyor job and their future career as a materials inspector

Fico Score: 692

Paraphrased and Standardized Quote from Frankie for this signature loan of $1216000, provided by New York National Bank

Hi, I am Frankie and I’m from Bronx in New York. Bronx, county is where I grew up, and now I need a signature loan in New York for $1216000 to renovate my home. It has been difficult, but New York National Bank really came through for me with this loan for 9.4% interest APR and a term of 2 years. I will repay the loan over the 2 year term, including interest. A big thanks to New York National Bank for trusting me and my good credit. It look me 8 years to build my credit to 692, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Fast Loans for Frankie in Bronx, New York to prevent bankruptcy or harm from debt collectors.

Fast loans in Bronx, New York aren’t actually that difficult to obtain, especially if you have some gumption like Frankie. Frankie was able to find a fast loan for $1216000 from HSBC Bank USA and Fleet Bank of New York, National Association, but turned down both offers in favor of their signature loan from New York National Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better in the case that a borrower is in a time sensitive situation.

Client Profile: Frankie Beskom of Bronx, New York
  • Full name (Changed if requested): Frankie Beskom
  • Current Credit: loans.hit.utils.Fico@1218025c
  • Current City: Bronx
  • State: New York
  • Zip code: 10462
  • Yearly income: $52,000
  • Current Job: marine surveyor
  • Current County: Bronx
  • Goal Yearly Income: $140,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Contact Details for New York National Bank, the provider of this signature loan

  • New York National Bank
  • City: Bronx
  • State: New York
  • Address: 369 East 149th Street
  • County: Bronx
  • Zip code: 10455

8 Months in the Past, Frankie Tried to Find a High Risk Loan for $40,000.00, and it was Easy

There is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Frankie. Frankie chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Individuals with credit scores as low as 407 can apply for a high risk loan and have a chance to be approved.

Frankie’s Transunion score was altered by the signature loan loan, changing to 679 from 692, which is normal in our experience.

Transunion Score: 679

Previous requests on Frankie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$119690.00 3 9.6% $3839.62 Bankers Trust Company of Albany, National Association April 28, 2011
$120190.00 7 8.8% $1921.57 Montgomery County Trust Company April 18, 2012
$119590.00 5 11.8% $2648.14 Bank of Avoca March 18, 2013
$119620.00 9 8.4% $1582.21 The State Bank of Belmont July 13, 2013

Installment loan for Frankie, a graduate of Medgar Evers College of the City University of New York and a marine surveyor working for over $74,000 per year

Frankie, an alumnus at Medgar Evers College of the City University of New York and a marine surveyor in Bronx, New York needs a signature loan to purchase a car. Frankie has instead decided to obtain an installment loan for $29,000 and is currently seeking lenders like Deutsche Bank Trust Company Americas to process their request.

Personal Loan for a marine surveyor named Frankie in Bronx, New York to Pay Off Virgin Atlantic White Card

Frankie had a lot of credit card debt on their PNC Bank Cash Rewards Visa Signature Business Card and their Umpqua Bank Visa Platinum, and they were starting to get in over their heads. Despite Frankie’s job as a marine surveyor, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $33,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Frankie needed a debt consolidation loan to pay for their existing signature loan and their loan shark loan. Frankie was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.5%.

When Frankie was 21, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a list of Frankie’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on October 6, 2010
  • Attempt 2) Loan for $36,000.00 on January 7, 2012
  • Attempt 3) Loan for $33,000.00 on June 13, 2011
  • Attempt 4) Loan for $28,000.00 on June 21, 2010
  • Attempt 5) Loan for $25,000.00 on May 16, 2013
  • Attempt 6) Loan for $38,000.00 on December 7, 2010

Frankie has a low current total income, but has a high number of prospects

Frankie has always wanted to be a materials inspector, but would have to attend Medgar Evers College of the City University of New York again to achieve it. Frankie has other possibilities as well, including job analyst, chemical plant operator, and radiation protection engineer, which pay $54,000 through to $99,000 per year, at least. Because of this, we think that Frankie can pay for this signature loan of $1216000.

Frankie was rejected by Bank of Millbrook 4 times before being accepted by New York National Bank at 369 East 149th Street

On March 14, 2013, Frankie inquired about borrowing $44,000 from Trade Bank and Trust Company with Elda, their friend from just outside Bronx, and even with the co-signer, Frankie was rejected for this signature loan. With good credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Several other requests for credit have been made by Frankie in the past, including one from Baton Rouge Bank & Trust Company in Bronx, New York before Frankie was accepted for the $1216000 by New York National Bank

Frankie made 8 previous tries to obtain a signature loan, 2 of which were with Baton Rouge Bank & Trust Company, a bank in Bronx, New York known to specialize in signature loans specifically. Prior to finding New York National Bank, Frankie was desperate due to their inexperience and good credit score.

Before applying for this signature loan, Frankie had an Experian score of 708, which is good, so New York National Bank probably cannot provide Frankie a signature loan

Experian Score: 708

Signature Loan acquired in Bronx, New York for $1216000 with good credit by Frankie

A lot of borrowers struggle with obtaining signature loans in Bronx, New York, and Frankie is no different. Frankie went to 4 lenders or more prior to settling on New York National Bank, who offered Frankie a signature loan for $1216000. Typical signature loans simply require a client, like Frankie’s signature to obtain them, up to $39,000 in some cases. Frankie was able to get $1216000 as a signature loan, which is very high for a signature loan. Since signature loans don’t need a cosigner, these loans generally need higher credit, as high as 730

Conclusion of Frankie’s signature loan

In the end, Frankie was able to find a signature loan for $1216000 with an interest rate of 9.1% interest APR from New York National Bank in Bronx, New York repayable over 2 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.