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Debt Consolidation Loan For $84000 Near 16501, Pennsylvania With A Credit Score Of 629

$84000 Debt Consolidation Loan – Erie Pennsylvania, Credit Score Of 629

  • Experian: 640 – The client had a good Experian rating
  • Transunion: 613 – Sol had a good credit rating with Transunion.
  • Equifax: Sol’s Experian score was 629, which is a good credit rating using the Experian system.

Installment loan for Sol, a graduate of Cumberland University and a plastic surgeon working for over $77,000 per year

Sol, an alumnus at Cumberland University and a plastic surgeon in Erie, Pennsylvania needs a debt consolidation loan to purchase something frivolous. Sol has instead decided to obtain an installment loan for $13,000 and is at present seeking lenders like The Schuylkill Haven Trust Company to process their request.

Personal Loan for a plastic surgeon named Sol in Erie, Pennsylvania to Pay Off Stupid Cancer Visa Platinum Rewards Card

Sol had a lot of credit card debt on their Crate & Barrel Credit Card and their Pacific West Association of Realtors Charity Foundation Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Sol’s job as a plastic surgeon, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Sol’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their plastic surgeon job and their future career as a museum curator

Fico Score: 629

Several past requests for credit have been made by Sol in the past, including one from Community West Bank, National Association in Erie, Pennsylvania before Sol was accepted for the $84000 by First Federal Savings and Loan Association

Sol made 8 previous attempts to obtain a debt consolidation loan, 2 of which were with Community West Bank, National Association, a lender in Erie, Pennsylvania known to specialize in debt consolidation loans specifically. Prior to finding First Federal Savings and Loan Association, Sol was concerned due to their inexperience and good credit rating.

When Sol was 24, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit score. Below is a list of Sol’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on December 15, 2011
  • Attempt 2) Loan for $22,000.00 on March 22, 2009
  • Attempt 3) Loan for $32,000.00 on October 24, 2008
  • Attempt 4) Loan for $33,000.00 on December 31, 2010

Previous requests on Sol’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$96410.00 3 9.8% $3101.83 The People’s Bank of Oxford May 23, 2012
$95620.00 11 11.3% $1268.56 First Lehigh Bank July 27, 2013
$95890.00 10 7.7% $1148.27 SunBank February 2, 2014
$95640.00 5 8.6% $1966.81 Merchants Bank (North) March 2, 2015
$96170.00 7 5.6% $1386.54 Green Ridge Bank April 28, 2015

9 Months Ago, Sol Tried Finding a High Risk Loan for $31,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Sol. Sol decided not to obtain a high risk loan this time. High Risk loans are given to bad credit borrowers. Borrowers with credit ratings as low as 324 can inquire for a high risk loan and have a chance to be approved.

Sol’s Transunion score was changed by the debt consolidation loan loan, changing to 613 from 629, which is normal in our experience.

Transunion Score: 613

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $22,000.00 to $53,000.00. They are typically used to pay off existing high interest loans like credit cards. Sol required a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Sol was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.5%.

Signature Loan acquired in Erie, Pennsylvania for $84000 with good credit by Sol

Most borrowers struggle with finding signature loans in Erie, Pennsylvania, and Sol is the same. Sol went to 4 lenders or more prior to settling on First Federal Savings and Loan Association, who offered Sol a signature loan for $84000. Most signature loans simply require a client, like Sol’s signature to obtain them, up to $25,000 in some cases. Sol was able to get $84000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans do not need a cosigner, they tend to require better credit, as high as 775

Paraphrased and Standardized Quote from Sol for this debt consolidation loan of $84000, provided by First Federal Savings and Loan Association

Hello, I am Sol and my hometown is Erie in Pennsylvania. Erie, county is where I grew up, and now I need a debt consolidation loan in Pennsylvania for $84000 to buy a big ticket item. It wasn’t easy, but First Federal Savings and Loan Association really came through for me with this loan for 6.8% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to First Federal Savings and Loan Association for giving me a chance and my good credit. It look me 6 years to create my credit to 629, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Before applying for this debt consolidation loan, Sol had an Experian score of 640, which is good, so First Federal Savings and Loan Association probably cannot provide Sol a debt consolidation loan

Experian Score: 640

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

Sol has always wanted to be a museum curator, but would need attend Cumberland University again to achieve it. Sol has other possibilities as well, including health care facilities inspector, middle school guidance counselor, and financial planner, which pay $59,000 through to $108,000 per year, on average. Because of this, we think that Sol can afford this debt consolidation loan of $84000.

Sol was declined by Continental Bank 6 times before being approved by First Federal Savings and Loan Association at 1202-1204 State St

On May 16, 2014, Sol applied about borrowing $49,000 from Wayne Bank with Shaunna, their in law from just outside Erie, and even with the co-signer, Sol was rejected for this debt consolidation loan. With good credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Contact Details for First Federal Savings and Loan Association, the provider of this debt consolidation loan

  • First Federal Savings and Loan Association
  • City: Erie
  • State: Pennsylvania
  • Address: 1202-1204 State St
  • County: Erie
  • Zip code: 16501
Client Profile: Sol Montoro of Erie, Pennsylvania
  • Full name (Changed if requested): Sol Montoro
  • Current Credit: loans.hit.utils.Fico@133314b
  • Current City: Erie
  • State: Pennsylvania
  • Zip code: 16507
  • Yearly income: $46,000
  • Current Job: plastic surgeon
  • Current County: Erie
  • Goal Yearly Income: $82,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Fast Loans for Sol in Erie, Pennsylvania to prevent bankruptcy or harm from debt collectors.

Fast loans in Erie, Pennsylvania aren’t actually that difficult to obtain, especially if you have some finesse like Sol. Sol was able to find a fast loan for $84000 from Continental Bank and The Fidelity Bank, but turned down both offers in favor of their debt consolidation loan from First Federal Savings and Loan Association. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better if a borrower is in a pinch.

Conclusion of Sol’s debt consolidation loan

In the end, Sol was able to find a debt consolidation loan for $84000 with an interest rate of 5.6% interest APR from First Federal Savings and Loan Association in Erie, Pennsylvania repayable over 16 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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