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Brain Had Need For A Signature Loan For $60000, Pitman, New Jersey

$60000 Signature Loan – Pitman New Jersey, Credit Score Of 564

  • Experian: 583 – The client had a fair Experian rating
  • Transunion: 552 – Brain had a fair credit rating with Transunion.
  • Equifax: Brain’s Experian score was 564, which is a fair credit score on the Experian system.

When Brain was 23, they attempted to obtain a student loan from 5 different banks, which harmed their credit score. Below is a list of Brain’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on March 7, 2011
  • Attempt 2) Loan for $31,000.00 on November 1, 2008
  • Attempt 3) Loan for $36,000.00 on May 10, 2011
  • Attempt 4) Loan for $28,000.00 on January 18, 2011
  • Attempt 5) Loan for $34,000.00 on October 24, 2008

Brain’s Overall FICO score at the time of acceptance for a signature loan, taking into account their agricultural equipment operator job and their future career as a hospital nurse

Fico Score: 564

Client Profile: Brain Somrak of Pitman, New Jersey
  • Full name (Changed if requested): Brain Somrak
  • Current Credit: loans.hit.utils.Fico@79fc0f2f
  • Current City: Pitman
  • State: New Jersey
  • Zip code: 8076
  • Yearly income: $68,000
  • Current Job: agricultural equipment operator
  • Current County: Gloucester
  • Goal Yearly Income: $91,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

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

Normal debt consolidation loans vary from $34,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Brain required a debt consolidation loan to pay for their existing signature loan and their credit card. Brain was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.6%.

6 Months in the Past, Brain Attempted to Find a High Risk Loan for $48,000.00, and it was Easy

It is an well known struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Brain. Brain chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Individuals with credit ratings as low as 592 can apply for a high risk loan and have a chance to be accepted.

Previous requests on Brain’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$139280.00 10 5.5% $1511.55 The State Bank of North Jersey July 30, 2011
$138630.00 8 5.8% $1808.33 Carteret Bank and Trust Company June 18, 2013
$139450.00 6 8.3% $2465.49 United Jersey Bank/Northwest June 13, 2014
$138640.00 11 5.1% $1374.49 People’s Trust Company February 5, 2015

Before applying for this signature loan, Brain had an Experian score of 583, which is fair, so Broadway National Bank & Trust Co. of Pitman likely cannot provide Brain a signature loan

Experian Score: 583

Signature Loan found in Pitman, New Jersey for $60000 with fair credit by Brain

A lot of clients struggle with finding signature loans in Pitman, New Jersey, and Brain is not an exception. Brain went to 4 lending institutions or more prior to finding Broadway National Bank & Trust Co. of Pitman, who offered Brain a signature loan for $60000. Typical signature loans simply need a client, like Brain’s signature to get them, up to $20,000 in some cases. Brain was able to get $60000 as a signature loan, which is very high for a signature loan. Since signature loans don’t need collateral, these loans tend to require improved credit, as high as 792

Brain’s Transunion score was changed by the signature loan loan, changing to 552 from 564, which is normal in our experience.

Transunion Score: 552

Fast Loans for Brain in Pitman, New Jersey to prevent bankruptcy or harm from debt collectors.

Fast loans in Pitman, New Jersey aren’t actually that difficult to obtain, particularly if you have some gumption like Brain. Brain was able to find a fast loan for $60000 from United Jersey Bank/Northwest and First National Bank of Central Jersey, but declined both offers in favor of their signature loan from Broadway National Bank & Trust Co. of Pitman. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. Much better if you are in a pinch.

Contact Details for Broadway National Bank & Trust Co. of Pitman, the provider of this signature loan

  • Broadway National Bank & Trust Co. of Pitman
  • City: Pitman
  • State: New Jersey
  • Address: 51 South Broadway
  • County: Gloucester
  • Zip code: 8071

Paraphrased and Standardized Quote from Brain for this signature loan of $60000, provided by Broadway National Bank & Trust Co. of Pitman

Hello, I am Brain and I’m from Pitman in New Jersey. Gloucester, county is where I grew up, and now I need a signature loan in New Jersey for $60000 to renovate my home. It wasn’t easy, but Broadway National Bank & Trust Co. of Pitman really came through for me with this loan for 10.3% interest APR and a term of 23 years. I can repay the loan over the 23 year term, including interest. A big thanks to Broadway National Bank & Trust Co. of Pitman for giving me a chance and my fair credit. It look me 5 years to create my credit to 564, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.

Personal Loan for an agricultural equipment operator named Brain in Pitman, New Jersey to Pay Off National Wildlife Federation Rewards American Express Card

Brain had a lot of credit card debt on their United Nations Federal Credit Union Elite Credit Card and their Goody’s Credit Card, and they were starting to get in over their heads. Despite Brain’s job as an agricultural equipment operator, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Brain, a graduate of Center for Employment Training – San Jose and an agricultural equipment operator working for over $76,000 per year

Brain, an alumnus at Center for Employment Training – San Jose and an agricultural equipment operator in Pitman, New Jersey wants a signature loan to purchase a new cell phone. Brain has instead chosen to get an installment loan for $18,000 and is currently seeking lenders like Bankers National Bank to provide it.

Brain has a sad current gross income, but has a large amount of prospects

Brain has always wanted to be a hospital nurse, but would have to attend Center for Employment Training – San Jose again to achieve it. Brain has other prospects as well, including medical laboratory technician, power-line installer and mechanic, and high school administrator, which pay $55,000 through to $93,000 per year, on average. Because of this, we believe that Brain can pay for this signature loan of $60000.

Brain was declined by Citizens’ Bank, National Association 6 times before being granted funding by Broadway National Bank & Trust Co. of Pitman at 51 South Broadway

On August 9, 2009, Brain applied about borrowing $11,000 from The Bank of New Jersey with Jessia, their in law from just outside Pitman, and even with the co-signer, Brain was rejected for this signature loan. With fair credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Multiple previous requests for credit have been made by Brain in the past, including one from River Bank in Pitman, New Jersey before Brain was accepted for the $60000 by Broadway National Bank & Trust Co. of Pitman

Brain made 5 prior attempts to obtain a signature loan, 2 of which were with River Bank, a bank in Pitman, New Jersey known to specialize in signature loans specifically. Before finding Broadway National Bank & Trust Co. of Pitman, Brain was very concerned due to their inexperience and fair credit rating.

Conclusion of Brain’s signature loan

In the end, Brain was able to find a signature loan for $60000 with an interest rate of 8.4% interest APR from Broadway National Bank & Trust Co. of Pitman in Pitman, New Jersey repayable over 23 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.