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Consolidation Loan For $8000 Near 2740, Massachusetts With A Credit Score Of 346

$8000 Consolidation Loan – New Bedford Massachusetts, Credit Rating Of 346

  • Experian: 365 – This individual had a terrible Experian score
  • Transunion: 332 – Elvie had a terrible credit score with Transunion.
  • Equifax: Elvie’s Experian score was 346, which is a terrible credit rating on the Experian scale.

Previous requests on Elvie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$101250.00 4 7.6% $2452.84 State Street Bank and Trust Company August 1, 2010
$100690.00 11 9.3% $1221.08 United States Trust Company August 9, 2011
$100520.00 10 5.3% $1080.97 BayBank Harvard Trust Company December 6, 2011
$101340.00 7 9.4% $1651.11 Durfee Attleboro Bank April 7, 2012

8 Months in the Past, Elvie Attempted Finding a High Risk Loan for $30,000.00, and it was Hard

It is an well known struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Elvie. Elvie chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Clients with credit scores as low as 573 can inquire for a high risk loan and have a chance to be accepted.

Installment loan for Elvie, a graduate of Baker College and a power-line installer and mechanic working for over $75,000 per year

Elvie, an alumnus at Baker College and a power-line installer and mechanic in New Bedford, Massachusetts needs a consolidation loan to purchase a car. Elvie has instead decided to obtain an installment loan for $10,000 and is currently seeking lenders like Attleboro Trust Company to provide it.

Elvie’s Transunion score was changed by the consolidation loan loan, changing to 332 from 346, which is typical in our experience.

Transunion Score: 332

Contact Details for Old Stone Banking Company of Bristol County, the provider of this consolidation loan

  • Old Stone Banking Company of Bristol County
  • City: New Bedford
  • State: Massachusetts
  • Address: 206 Union Street
  • County: Bristol
  • Zip code: 2740

Signature Loan acquired in New Bedford, Massachusetts for $8000 with terrible credit by Elvie

Most prospective borrowers struggle with finding signature loans in New Bedford, Massachusetts, and Elvie is not an exception. Elvie went to 4 lending institutions or more before finding Old Stone Banking Company of Bristol County, who offered Elvie a signature loan for $8000. Typical signature loans simply need a client, like Elvie’s signature to obtain them, up to $49,000 in some cases. Elvie was able to get $8000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not require collateral, they tend to need better credit, as high as 794

Paraphrased and Standardized Quote from Elvie for this consolidation loan of $8000, provided by Old Stone Banking Company of Bristol County

Hello, I am Elvie and I am from New Bedford in Massachusetts. Bristol, county is where I grew up, and now I need a consolidation loan in Massachusetts for $8000 to buy a car. It has been difficult, but Old Stone Banking Company of Bristol County really came through for me with this loan for 5.8% interest APR and a term of 14 years. I can probably repay the loan over the 14 year term, including interest. A big thanks to Old Stone Banking Company of Bristol County for trusting me and my terrible credit. It look me 7 years to build my credit to 346, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Client Profile: Elvie Rumery of New Bedford, Massachusetts
  • Full name (Changed if requested): Elvie Rumery
  • Current Credit: loans.hit.utils.Fico@4769b07b
  • Current City: New Bedford
  • State: Massachusetts
  • Zip code: 2746
  • Yearly income: $47,000
  • Current Job: power-line installer and mechanic
  • Current County: Bristol
  • Goal Yearly Income: $86,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Elvie’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their power-line installer and mechanic job and their future career as a quarry worker

Fico Score: 346

Elvie has a sad current total income, but has several of prospects

Elvie has always wanted to be a quarry worker, but would need attend Baker College again to become one. Elvie has other possibilities as well, including pathologist, model makers, and public transportation inspector, which pay $53,000 through to $106,000 per year, at least. Because of this, we believe that Elvie can pay for this consolidation loan of $8000.

Fast Loans for Elvie in New Bedford, Massachusetts to prevent bankruptcy or harm from debt collectors.

Fast loans in New Bedford, Massachusetts aren’t actually that difficult to obtain, particularly if you have some finesse like Elvie. Elvie was able to find a fast loan for $8000 from United States Trust Company and Eastern Bank and Trust Company, but turned down both offers in favor of their consolidation loan from Old Stone Banking Company of Bristol County. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big difference if a borrower is in a pinch.

Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $27,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Elvie required a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Elvie was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.5%.

Many other requests for credit have been made by Elvie in the past, including one from Horizon Savings Bank, F.S.B. in New Bedford, Massachusetts before Elvie was accepted for the $8000 by Old Stone Banking Company of Bristol County

Elvie made 5 prior attempts to obtain a consolidation loan, 2 of which were with Horizon Savings Bank, F.S.B., a lender in New Bedford, Massachusetts known to specialize in consolidation loans specifically. Prior to finding Old Stone Banking Company of Bristol County, Elvie was concerned due to their inexperience and terrible credit rating.

Personal Loan for a power-line installer and mechanic named Elvie in New Bedford, Massachusetts to Pay Off BankAmericard Travel Rewards for Students

Elvie had a lot of credit card debt on their Sears MasterCard and their Synovus MasterCard Business Platinum Card, and they were starting to get in over their heads. Despite Elvie’s job as a power-line installer and mechanic, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this consolidation loan, Elvie had an Experian score of 365, which is terrible, so Old Stone Banking Company of Bristol County probably cannot provide Elvie a consolidation loan

Experian Score: 365

When Elvie was 18, they attempted to obtain a student loan from 7 different banks, which damaged their credit score. Below is a list of Elvie’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on November 30, 2011
  • Attempt 2) Loan for $35,000.00 on May 17, 2013
  • Attempt 3) Loan for $22,000.00 on August 7, 2010
  • Attempt 4) Loan for $30,000.00 on October 17, 2012
  • Attempt 5) Loan for $28,000.00 on October 6, 2011
  • Attempt 6) Loan for $31,000.00 on February 21, 2009
  • Attempt 7) Loan for $36,000.00 on April 24, 2009

Elvie was not approved by Shawmut Bank of Franklin County 4 times before being accepted by Old Stone Banking Company of Bristol County at 206 Union Street

On December 12, 2009, Elvie applied about borrowing $44,000 from Eastern Bank and Trust Company with Li, their friend from just outside New Bedford, and even with the co-signer, Elvie was rejected for this consolidation loan. With terrible credit, it can be very hard to procure funding, even with collateral and a co-signer.

Conclusion of Elvie’s consolidation loan

In the end, Elvie was able to find a consolidation loan for $8000 with an interest rate of 9.8% interest APR from Old Stone Banking Company of Bristol County in New Bedford, Massachusetts repayable over 14 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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