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Consolidation Loan For $28000 Near 17074, Pennsylvania With A Credit Score Of 374

$28000 Consolidation Loan – Newport Pennsylvania, Credit Score Of 374

  • Experian: 386 – The client had a terrible Experian rating
  • Transunion: 358 – Moises had a terrible credit score with Transunion.
  • Equifax: Moises’s Experian score was 374, which is a terrible credit score using the Experian rating scheme.

Several other requests for credit have been made by Moises in the past, including one from The Somerville Bank & Trust Company in Newport, Pennsylvania before Moises was accepted for the $28000 by The Citizens National Bank of Newport

Moises made 9 prior attempts to obtain a consolidation loan, 2 of which were with The Somerville Bank & Trust Company, a lender in Newport, Pennsylvania known to specialize in consolidation loans specifically. Prior to finding The Citizens National Bank of Newport, Moises was very concerned due to their inexperience and terrible credit score.

Before applying for this consolidation loan, Moises had an Experian score of 386, which is terrible, so The Citizens National Bank of Newport probably cannot provide Moises a consolidation loan

Experian Score: 386

Personal Loan for a range manager named Moises in Newport, Pennsylvania to Pay Off Riverview Community Bank Secured Visa Card

Moises had a lot of credit card debt on their LANPASS Visa Signature Card and their Bloomingdale’s Credit Card, and they were starting to get in over their heads. Despite Moises’s job as a range manager, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Fast Loans for Moises in Newport, Pennsylvania to prevent bankruptcy or harm from debt collectors.

Fast loans in Newport, Pennsylvania aren’t actually that difficult to obtain, particularly if you have some gumption like Moises. Moises was able to find a fast loan for $28000 from Green Ridge Bank and First Columbia Bank & Trust Co., but declined both offers in favor of their consolidation loan from The Citizens National Bank of Newport. 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 debt consolidation loans. An improvement if a client is in a time sensitive situation.

Client Profile: Moises Bursch of Newport, Pennsylvania
  • Full name (Changed if requested): Moises Bursch
  • Current Credit: loans.hit.utils.Fico@3d646c37
  • Current City: Newport
  • State: Pennsylvania
  • Zip code: 17078
  • Yearly income: $47,000
  • Current Job: range manager
  • Current County: Perry
  • Goal Yearly Income: $125,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Moises’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their range manager job and their future career as a horticultural worker supervisor

Fico Score: 374

Moises was rejected by Mellon Bank (Central) National Association 4 times prior to being accepted by The Citizens National Bank of Newport at Main Street

On December 28, 2010, Moises applied about borrowing $37,000 from Merchants Bank (North) with Page, their in law from just outside Newport, and even with the co-signer, Moises was rejected for this consolidation loan. With terrible credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Previous requests on Moises’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$129830.00 7 7.8% $2010.65 The People’s Bank of Oxford December 25, 2010
$129530.00 4 8.3% $3180.48 First Lehigh Bank March 4, 2013
$130380.00 11 6.2% $1364.99 SunBank December 22, 2014
$130130.00 7 6.8% $1951.31 Merchants Bank (North) April 23, 2015
$130440.00 10 8.3% $1603.35 Green Ridge Bank August 6, 2015

Installment loan for Moises, a graduate of DeVry University and a range manager working for over $60,000 per year

Moises, an alumnus at DeVry University and a range manager in Newport, Pennsylvania wants a consolidation loan to purchase a house. Moises has instead chosen to get an installment loan for $4,000 and is currently seeking lenders like First Columbia Bank & Trust Co. to process their request.

Moises’s Transunion score was changed by the consolidation loan loan, changing to 358 from 374, which is typical in our experience.

Transunion Score: 358

Paraphrased and Standardized Quote from Moises for this consolidation loan of $28000, provided by The Citizens National Bank of Newport

Hi, I am Moises and my hometown is Newport in Pennsylvania. Perry, county is where I grew up, and now I need a consolidation loan in Pennsylvania for $28000 to buy a car. It has been difficult, but The Citizens National Bank of Newport really came through for me with this loan for 5.7% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to The Citizens National Bank of Newport for giving me a chance and my terrible credit. It look me 4 years to create my credit to 374, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $35,000.00 to $57,000.00. They are mainly used to pay off existing high interest loans like credit cards. Moises required a debt consolidation loan to pay for their existing consolidation loan and their credit card. Moises was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your less desirable, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 3.5%.

6 Months in the Past, Moises Attempted to Find a High Risk Loan for $25,000.00, and it was Easy

There is an well known struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Moises. Moises decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit applicants. Individuals with credit scores as low as 552 can inquire for a high risk loan and may be be approved.

Signature Loan found in Newport, Pennsylvania for $28000 with terrible credit by Moises

Most prospective borrowers have difficulty with finding signature loans in Newport, Pennsylvania, and Moises is no exception. Moises went to 4 lenders or more before finding The Citizens National Bank of Newport, who offered Moises a signature loan for $28000. Typical signature loans simply require a client, like Moises’s signature to obtain them, up to $35,000 in some cases. Moises was able to get $28000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not require collateral, these loans tend to require better credit, as high as 710

When Moises was 23, they attempted to obtain a student loan from 6 different banks, which harmed their credit rating. Below is a chronology of Moises’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on August 25, 2010
  • Attempt 2) Loan for $24,000.00 on January 12, 2012
  • Attempt 3) Loan for $29,000.00 on September 16, 2011
  • Attempt 4) Loan for $26,000.00 on August 10, 2011
  • Attempt 5) Loan for $38,000.00 on December 5, 2010
  • Attempt 6) Loan for $24,000.00 on September 24, 2009

Contact Details for The Citizens National Bank of Newport, the provider of this consolidation loan

  • The Citizens National Bank of Newport
  • City: Newport
  • State: Pennsylvania
  • Address: Main Street
  • County: Perry
  • Zip code: 17074

Moises has a very low current total income, but has several of prospects

Moises has always wanted to be a horticultural worker supervisor, but would need attend DeVry University again to become one. Moises has other prospects as well, including pathologist, real estate lawyer, and middle school administrator, which pay $57,000 through to $101,000 per year, on average. For this reason, we think that Moises can pay for this consolidation loan of $28000.

Conclusion of Moises’s consolidation loan

In the end, Moises was able to find a consolidation loan for $28000 with an interest rate of 7.8% interest APR from The Citizens National Bank of Newport in Newport, Pennsylvania repayable over 24 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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