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Bernie Wanted An Unsecured Loan For $129000, Baltimore, Maryland

$129000 Unsecured Loan – Baltimore Maryland, Credit Score Of 781

  • Experian: 799 – This client had an excellent Experian score
  • Transunion: 767 – Bernie had an excellent credit rating with Transunion.
  • Equifax: Bernie’s Experian score was 781, which is an excellent credit rating using the Experian scale.

Signature Loan acquired in Baltimore, Maryland for $129000 with excellent credit by Bernie

A lot of borrowers have difficulty with obtaining signature loans in Baltimore, Maryland, and Bernie is no different. Bernie went to 4 lending institutions or more prior to settling on Madison Square Federal Savings Bank, who offered Bernie a signature loan for $129000. Most signature loans simply require a client, like Bernie’s signature to get them, up to $31,000 in some cases. Bernie was able to get $129000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not need collateral, these loans tend to need higher credit, as high as 780

7 Months Ago, Bernie Tried to Find a High Risk Loan for $47,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Bernie. Bernie decided not to obtain a high risk loan this time. High Risk loans are given to bad credit clients. Borrowers with credit scores as low as 440 can inquire for a high risk loan and possibly can be accepted.

Bernie’s Transunion score was changed by the unsecured loan loan, changing to 767 from 781, which is typical in our experience.

Transunion Score: 767

Bernie has a disappointing current gross income, but has a large amount of prospects

Bernie has always wanted to be a sports events business manager, but would have to attend Loyola Marymount University again to become one. Bernie has other prospects as well, including bicycle mechanic, job printer, and aircraft body and bonded structure repairer, which pay $57,000 through to $91,000 per year, at least. For this reason, we think that Bernie can pay for this unsecured loan of $129000.

Fast Loans for Bernie in Baltimore, Maryland to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Baltimore, Maryland aren’t actually that difficult to obtain, especially if you have some gumption like Bernie. Bernie was able to find a fast loan for $129000 from Hagerstown Trust Company and Allfirst Bank, but turned down both offers in favor of their unsecured loan from Madison Square Federal Savings Bank. 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 installment loans. A big difference if a client is in a pinch.

Before applying for this unsecured loan, Bernie had an Experian score of 799, which is excellent, so Madison Square Federal Savings Bank likely cannot provide Bernie an unsecured loan

Experian Score: 799

Personal Loan for a photographic equipment mechanic named Bernie in Baltimore, Maryland to Pay Off Old Pueblo Traders AMO Credit Card

Bernie had a lot of credit card debt on their Tompkins Trust Company Visa Signature Bonus Rewards Card and their Avianca LifeMiles Visa Signature Card, and they were starting to get in over their heads. Despite Bernie’s job as a photographic equipment mechanic, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $24,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Bernie needed a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Bernie was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.1%.

Contact Details for Madison Square Federal Savings Bank, the provider of this unsecured loan

  • Madison Square Federal Savings Bank
  • City: Baltimore
  • State: Maryland
  • Address: 9651 Belair Road
  • County: Baltimore
  • Zip code: 21206

Many other requests for credit have been made by Bernie in the past, including one from Ridgedale State Bank in Baltimore, Maryland before Bernie was approved for the $129000 by Madison Square Federal Savings Bank

Bernie made 7 previous tries to obtain an unsecured loan, 2 of which were with Ridgedale State Bank, a lender in Baltimore, Maryland known to specialize in unsecured loans specifically. Before finding Madison Square Federal Savings Bank, Bernie was very concerned due to their inexperience and excellent credit rating.

When Bernie was 18, they tried to obtain a student loan from 5 alternate lenders, which damaged their credit rating. Below is a chronology of Bernie’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on June 7, 2009
  • Attempt 2) Loan for $20,000.00 on September 21, 2010
  • Attempt 3) Loan for $31,000.00 on September 23, 2009
  • Attempt 4) Loan for $20,000.00 on September 20, 2009
  • Attempt 5) Loan for $34,000.00 on October 31, 2008

Previous requests on Bernie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$57190.00 6 9.1% $1033.72 American Security Bank, National Association April 15, 2009
$57360.00 7 6.3% $846.22 The Forest Hill State Bank June 20, 2011
$57290.00 8 8.1% $812.81 Boonsboro Bank of Boonsboro, Maryland October 11, 2011
$57380.00 7 5.5% $824.55 Farmers Bank June 4, 2012

Bernie’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their photographic equipment mechanic job and their future career as a sports events business manager

Fico Score: 781

Bernie was rejected by The First National Bank of Mount Savage 4 times prior to being approved by Madison Square Federal Savings Bank at 9651 Belair Road

On March 23, 2012, Bernie applied about borrowing $2,000 from St. Michaels Bank with Tammie, their in law from just outside Baltimore, and even with the co-signer, Bernie was rejected for this unsecured loan. With excellent credit, it can be very hard to procure financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Bernie for this unsecured loan of $129000, provided by Madison Square Federal Savings Bank

Hello, I am Bernie and I’m from Baltimore in Maryland. Baltimore, county is where I grew up, and now I need a unsecured loan in Maryland for $129000 to buy a big ticket item. It wasn’t easy, but Madison Square Federal Savings Bank really came through for me with this loan for 6.6% interest APR and a term of 2 years. I can repay the loan over the 2 year term, including interest. A big thanks to Madison Square Federal Savings Bank for giving me a chance and my excellent credit. It look me 4 years to create my credit to 781, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Installment loan for Bernie, a graduate of Loyola Marymount University and a photographic equipment mechanic working for over $71,000 per year

Bernie, an alumnus at Loyola Marymount University and a photographic equipment mechanic in Baltimore, Maryland wants an unsecured loan to purchase a car. Bernie has instead chosen to get an installment loan for $4,000 and is at present seeking lenders like American Security Bank, National Association to process their request.

Client Profile: Bernie Volcko of Baltimore, Maryland
  • Full name (Changed if requested): Bernie Volcko
  • Current Credit: loans.hit.utils.Fico@133314b
  • Current City: Baltimore
  • State: Maryland
  • Zip code: 21211
  • Yearly income: $31,000
  • Current Job: photographic equipment mechanic
  • Current County: Baltimore
  • Goal Yearly Income: $96,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Conclusion of Bernie’s unsecured loan

In the end, Bernie was able to find an unsecured loan for $129000 with an interest rate of 5.4% interest APR from Madison Square Federal Savings Bank in Baltimore, Maryland repayable over 2 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.