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Aldo Needed A High Risk Loan For $156000, Odenton, Maryland

$156000 High Risk Loan – Odenton Maryland, Credit Score Of 832

  • Experian: 842 – They had an excellent Experian rating
  • Transunion: 815 – Aldo had an excellent credit rating with Transunion.
  • Equifax: Aldo’s Experian score was 832, which is an excellent credit score with the Experian scale.

Before applying for this high risk loan, Aldo had an Experian score of 842, which is excellent, so Odenton Federal Savings and Loan Association probably cannot provide Aldo a high risk loan

Experian Score: 842

When Aldo was 20, they attempted to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a chronology of Aldo’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on March 30, 2011
  • Attempt 2) Loan for $24,000.00 on September 19, 2011
  • Attempt 3) Loan for $37,000.00 on June 1, 2009
  • Attempt 4) Loan for $37,000.00 on March 21, 2012
  • Attempt 5) Loan for $31,000.00 on February 16, 2011

Aldo’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their traffic agent job and their future career as a medical assistant

Fico Score: 832

Aldo was rejected by The Detour Bank 6 times before being approved by Odenton Federal Savings and Loan Association at 1219 Annapolis Road

On February 14, 2013, Aldo inquired about borrowing $12,000 from The Talbot Bank of Easton, Maryland with Sherry, their in law from just outside Odenton, and even with the co-signer, Aldo was rejected for this high risk loan. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.

Previous requests on Aldo’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$75360.00 3 5.3% $2268.77 American Security Bank, National Association March 26, 2013
$75190.00 4 8.4% $1849.76 The Forest Hill State Bank August 20, 2013
$74660.00 8 9.5% $1113.25 Boonsboro Bank of Boonsboro, Maryland December 12, 2013
$75240.00 7 5.3% $1074.07 Farmers Bank May 16, 2014
$75170.00 10 9.5% $972.68 St. Michaels Bank October 13, 2014

Aldo has a very low current yearly income, but has a high number of prospects

Aldo has always wanted to be a medical assistant, but would need attend Kaplan Test Prep again to become one. Aldo has other prospects as well, including logging worker supervisor, electromechanical equipment assembler, and voice pathologist, which pay $58,000 through to $95,000 per year, on average. Because of this, we believe that Aldo can pay for this high risk loan of $156000.

Personal Loan for a traffic agent named Aldo in Odenton, Maryland to Pay Off Trustco Bank Hometown Premium Rate Card

Aldo had a lot of credit card debt on their Western Kentucky University Alumni Association Rewards MasterCard and their Delta Community Credit Union Visa Cards, and they were starting to get in over their heads. Despite Aldo’s job as a traffic agent, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Aldo’s Transunion score was altered by the high risk loan loan, changing to 815 from 832, which is normal in our experience.

Transunion Score: 815

Signature Loan easily acquired in Odenton, Maryland for $156000 with excellent credit by Aldo

Most borrowers have difficulty with finding signature loans in Odenton, Maryland, and Aldo is no exception. Aldo went to 5 lenders or more prior to finding Odenton Federal Savings and Loan Association, who offered Aldo a signature loan for $156000. Typical signature loans simply require a client, like Aldo’s signature to get them, up to $29,000 in some cases. Aldo was able to get $156000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not require a cosigner, these loans generally need improved credit, as high as 740

Client Profile: Aldo Demick of Odenton, Maryland
  • Full name (Changed if requested): Aldo Demick
  • Current Credit: loans.hit.utils.Fico@439f5b3d
  • Current City: Odenton
  • State: Maryland
  • Zip code: 21114
  • Yearly income: $64,000
  • Current Job: traffic agent
  • Current County: Anne Arundel
  • Goal Yearly Income: $82,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

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

  • Odenton Federal Savings and Loan Association
  • City: Odenton
  • State: Maryland
  • Address: 1219 Annapolis Road
  • County: Anne Arundel
  • Zip code: 21113

9 Months in the Past, Aldo Tried to Find a High Risk Loan for $30,000.00, and it was Hard

It is an existing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Aldo. Aldo decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit applicants. Borrowers with credit ratings as low as 333 can inquire for a high risk loan and possibly can be accepted.

Fast Loans for Aldo in Odenton, Maryland to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Odenton, Maryland aren’t actually that difficult to obtain, particularly if you have some finesse like Aldo. Aldo was able to find a fast loan for $156000 from Allfirst Bank and The Citizens National Bank, but declined both offers in favor of their high risk loan from Odenton Federal Savings and Loan Association. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if a client is in a pinch.

Multiple past requests for credit have been made by Aldo in the past, including one from Bank One, West Virginia, Beckley, National Association in Odenton, Maryland before Aldo was accepted for the $156000 by Odenton Federal Savings and Loan Association

Aldo made 4 previous tries to obtain a high risk loan, 2 of which were with Bank One, West Virginia, Beckley, National Association, a bank in Odenton, Maryland known to specialize in high risk loans specifically. Before finding Odenton Federal Savings and Loan Association, Aldo was very concerned due to their inexperience and excellent credit rating.

Installment loan for Aldo, a graduate of Kaplan Test Prep and a traffic agent working for over $69,000 per year

Aldo, an alumnus at Kaplan Test Prep and a traffic agent in Odenton, Maryland needs a high risk loan to purchase something frivolous. Aldo has instead chosen to obtain an installment loan for $14,000 and is at present seeking lenders like The Citizens National Bank to provide it.

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

Most debt consolidation loans vary from $27,000.00 to $44,000.00. They are normally used to pay off existing high interest loans like credit cards. Aldo needed a debt consolidation loan to pay for their existing high risk loan and their payday loan. Aldo was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.6%.

Paraphrased and Standardized Quote from Aldo for this high risk loan of $156000, provided by Odenton Federal Savings and Loan Association

Hi, I am Aldo and I’m from Odenton in Maryland. Anne Arundel, county is where I grew up, and now I need a high risk loan in Maryland for $156000 to avoid bankruptcy. It wasn’t easy, but Odenton Federal Savings and Loan Association really came through for me with this loan for 6.3% interest APR and a term of 5 years. I can repay the loan over the 5 year term, including interest. A big thanks to Odenton Federal Savings and Loan Association for trusting me and my excellent credit. It look me 6 years to create my credit to 832, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

Conclusion of Aldo’s high risk loan

In the end, Aldo was able to find a high risk loan for $156000 with an interest rate of 6.7% interest APR from Odenton Federal Savings and Loan Association in Odenton, Maryland repayable over 5 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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