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Home Loan With Low APR In Queens County, New York

$38000 Home Loan – New York City New York, Credit Rating Of 426

  • Experian: 437 – This individual had a bad Experian rating
  • Transunion: 407 – Lacy had a bad credit rating with Transunion.
  • Equifax: Lacy’s Experian score was 426, which is a bad credit rating on the Experian rating scheme.

When Lacy was 22, they attempted to obtain a student loan from 5 alternate banks, which damaged their credit score. Below is a list of Lacy’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on October 7, 2011
  • Attempt 2) Loan for $31,000.00 on July 3, 2009
  • Attempt 3) Loan for $22,000.00 on June 5, 2010
  • Attempt 4) Loan for $34,000.00 on August 10, 2009
  • Attempt 5) Loan for $35,000.00 on July 20, 2012

Paraphrased and Standardized Quote from Lacy for this home loan of $38000, provided by Korea Exchange Bank

Hi, I am Lacy and I am from New York City in New York. Queens, county is where I grew up, and now I need a home loan in New York for $38000 to buy a car. It wasn’t easy, but Korea Exchange Bank really came through for me with this loan for 11.1% interest APR and a term of 13 years. I can probably repay the loan over the 13 year term, including interest. A big thanks to Korea Exchange Bank for giving me a chance and my bad credit. It look me 9 years to create my credit to 426, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

Lacy’s Transunion score was altered by the home loan loan, changing to 407 from 426, which is typical in our experience.

Transunion Score: 407

Contact Details for Korea Exchange Bank, the provider of this home loan

  • Korea Exchange Bank
  • City: New York City
  • State: New York
  • Address: 136-40 39th Avenue
  • County: Queens
  • Zip code: 11354

Personal Loan for an outdoor education teacher named Lacy in New York City, New York to Pay Off UCLA Alumni Association World Points Platinum Plus MasterCard

Lacy had a tonne of credit card debt on their First Hawaiian Bank Priority Destinations World Elite MasterCard and their OmniPeace Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Lacy’s job as an outdoor education teacher, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Lacy’s Overall FICO score at the time of acceptance for a home loan, taking into account their outdoor education teacher job and their future career as a clinical psychologist

Fico Score: 426

Signature Loan acquired in New York City, New York for $38000 with bad credit by Lacy

Most borrowers struggle with obtaining signature loans in New York City, New York, and Lacy is no different. Lacy went to 8 lenders or more prior to settling on Korea Exchange Bank, who offered Lacy a signature loan for $38000. Most signature loans simply need a client, like Lacy’s signature to obtain them, up to $43,000 in some cases. Lacy was able to get $38000 as a home loan, which is very high for a home loan. Since signature loans don’t require a cosigner, they tend to require better credit, as high as 701

7 Months Ago, Lacy Tried Finding a High Risk Loan for $36,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for clients 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 Lacy. Lacy decided not to get a high risk loan this time. High Risk loans are given to very low credit borrowers. Clients with credit scores as low as 442 can apply for a high risk loan and possibly can be approved.

Several past requests for credit have been made by Lacy in the past, including one from First National Bank of Bellevue in New York City, New York before Lacy was accepted for the $38000 by Korea Exchange Bank

Lacy made 4 previous attempts to obtain a home loan, 2 of which were with First National Bank of Bellevue, a lender in New York City, New York known to specialize in home loans specifically. Prior to finding Korea Exchange Bank, Lacy was very concerned due to their inexperience and bad credit rating.

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

Average debt consolidation loans range from $34,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Lacy needed a debt consolidation loan to pay for their existing home loan and their payday loan. Lacy was able to find a home loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 3.4%.

Lacy has a disappointing current yearly income, but has several of prospects

Lacy has always wanted to be a clinical psychologist, but would have to attend Our Lady of the Lake College again to achieve it. Lacy has other possibilities as well, including soil conservationist, control center specialist, and fitness trainer, which pay $55,000 through to $90,000 per year, on average. Because of this, we believe that Lacy can pay for this home loan of $38000.

Fast Loans for Lacy in New York City, New York to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in New York City, New York aren’t actually that difficult to obtain, especially if you have some gumption like Lacy. Lacy was able to find a fast loan for $38000 from Chemung Canal Trust Company and HSBC Bank USA, but declined both offers in favor of their home loan from Korea Exchange Bank. 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 6 weeks for personal loans. A big difference if a client is on the go.

Before applying for this home loan, Lacy had an Experian score of 437, which is bad, so Korea Exchange Bank probably cannot provide Lacy a home loan

Experian Score: 437

Previous requests on Lacy’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$78590.00 6 7.4% $1355.03 Bankers Trust Company of Albany, National Association October 22, 2008
$79260.00 3 5.7% $2400.48 Montgomery County Trust Company December 18, 2009
$79400.00 9 10.5% $1139.46 Bank of Avoca April 30, 2010
$78730.00 11 6.2% $824.25 The State Bank of Belmont January 19, 2011
$79360.00 10 11.2% $1102.19 Fleet Bank of New York, National Association February 12, 2012

Installment loan for Lacy, a graduate of Our Lady of the Lake College and an outdoor education teacher working for over $79,000 per year

Lacy, an alumnus at Our Lady of the Lake College and an outdoor education teacher in New York City, New York needs a home loan to purchase something frivolous. Lacy has instead decided to obtain an installment loan for $8,000 and is at present seeking lenders like Morgan Guaranty Trust Company of New York to process their request.

Client Profile: Lacy Quelch of New York City, New York
  • Full name (Changed if requested): Lacy Quelch
  • Current Credit: loans.hit.utils.Fico@506e1b77
  • Current City: New York City
  • State: New York
  • Zip code: 11363
  • Yearly income: $54,000
  • Current Job: outdoor education teacher
  • Current County: Queens
  • Goal Yearly Income: $84,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Lacy was declined by Lewis County Trust Company 6 times before being approved by Korea Exchange Bank at 136-40 39th Avenue

On October 4, 2011, Lacy applied about borrowing $14,000 from The Cohocton State Bank with Earlie, their friend from just outside New York City, and even with the co-signer, Lacy was rejected for this home loan. With bad credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Conclusion of Lacy’s home loan

In the end, Lacy was able to find a home loan for $38000 with an interest rate of 6.8% interest APR from Korea Exchange Bank in New York City, New York repayable over 13 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.