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Jeremy Had Need For A Direct Loan For $58000, Keymar, Maryland

$58000 Direct Loan – Keymar Maryland, Credit Score Of 420

  • Experian: 438 – This individual had a bad Experian score
  • Transunion: 404 – Jeremy had a bad credit rating with Transunion.
  • Equifax: Jeremy’s Experian score was 420, which is a bad credit score with the Experian rating scheme.

When Jeremy was 22, they attempted to obtain a student loan from 6 different lenders, which harmed their credit score. Below is a list of Jeremy’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on April 24, 2011
  • Attempt 2) Loan for $38,000.00 on March 12, 2012
  • Attempt 3) Loan for $27,000.00 on July 19, 2009
  • Attempt 4) Loan for $24,000.00 on May 17, 2014
  • Attempt 5) Loan for $22,000.00 on January 8, 2013
  • Attempt 6) Loan for $37,000.00 on September 1, 2011

Before applying for this direct loan, Jeremy had an Experian score of 438, which is bad, so The Detour Bank most likely cannot provide Jeremy a direct loan

Experian Score: 438

Installment loan for Jeremy, a graduate of Ohio University – Main Campus and a contract specialist working for over $65,000 per year

Jeremy, an alumnus at Ohio University – Main Campus and a contract specialist in Keymar, Maryland needs a direct loan to purchase a new cell phone. Jeremy has instead chosen to get an installment loan for $2,000 and is currently seeking lenders like Boonsboro Bank of Boonsboro, Maryland to process their request.

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

Jeremy has always wanted to be a sales representative, but would have to attend Ohio University – Main Campus again to achieve it. Jeremy has other prospects as well, including medical administrative assistant, retail customer service representative, and computer applications engineer, which pay $58,000 through to $90,000 per year, on average. Because of this, we think that Jeremy can afford this direct loan of $58000.

Jeremy’s Transunion score was altered by the direct loan loan, changing to 404 from 420, which is normal in our experience.

Transunion Score: 404

Contact Details for The Detour Bank, the provider of this direct loan

  • The Detour Bank
  • City: Keymar
  • State: Maryland
  • Address: 6690 Middleburg Road
  • County: Carroll
  • Zip code: 21757

Paraphrased and Standardized Quote from Jeremy for this direct loan of $58000, provided by The Detour Bank

Hello, I am Jeremy and I’m from Keymar in Maryland. Carroll, county is where I grew up, and now I need a direct loan in Maryland for $58000 to buy a car. It has been difficult, but The Detour Bank really came through for me with this loan for 7.4% 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 The Detour Bank for trusting me and my bad credit. It look me 6 years to build my credit to 420, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $28,000.00 to $41,000.00. They are mainly used to pay off existing high interest loans like credit cards. Jeremy needed a debt consolidation loan to pay for their existing direct loan and their credit card. Jeremy was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 4.5%.

Personal Loan for a contract specialist named Jeremy in Keymar, Maryland to Pay Off The Limited Classic Card

Jeremy had a lot of credit card debt on their Phillips 66 and their Fulton Bank of New Jersey Travel Rewards American Express Card, and they were starting to get in over their heads. Despite Jeremy’s job as a contract specialist, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Previous requests on Jeremy’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$20300.00 7 11.3% $350.8 American Security Bank, National Association August 18, 2010
$19750.00 9 9.2% $269.57 The Forest Hill State Bank July 15, 2011
$20290.00 4 9.1% $505.88 Boonsboro Bank of Boonsboro, Maryland July 11, 2012
$20150.00 11 6.4% $213.03 Farmers Bank July 22, 2012
$19760.00 8 6.8% $267.44 St. Michaels Bank December 13, 2012

6 Months in the Past, Jeremy Attempted to Find a High Risk Loan for $28,000.00, and it was Easy

There is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Jeremy. Jeremy chose not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Clients with credit scores as low as 374 can apply for a high risk loan and have a chance to be approved.

Fast Loans for Jeremy in Keymar, Maryland to prevent bankruptcy or harm from debt collectors.

Fast loans in Keymar, Maryland aren’t actually that difficult to obtain, particularly if you have some gumption like Jeremy. Jeremy was able to find a fast loan for $58000 from The Citizens National Bank of Havre de Grace and The First National Bank of Mount Savage, but declined both offers in favor of their direct loan from The Detour Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement in the case that a client is on the go.

Many past requests for credit have been made by Jeremy in the past, including one from The Lucas State Bank in Keymar, Maryland before Jeremy was approved for the $58000 by The Detour Bank

Jeremy made 6 previous tries to obtain a direct loan, 2 of which were with The Lucas State Bank, a lender in Keymar, Maryland known to specialize in direct loans specifically. Prior to finding The Detour Bank, Jeremy was concerned due to their inexperience and bad credit rating.

Jeremy’s Overall FICO score at the time of acceptance for a direct loan, taking into account their contract specialist job and their future career as a sales representative

Fico Score: 420

Signature Loan easily acquired in Keymar, Maryland for $58000 with bad credit by Jeremy

Many borrowers struggle with finding signature loans in Keymar, Maryland, and Jeremy is no different. Jeremy went to 7 lenders or more prior to finding The Detour Bank, who offered Jeremy a signature loan for $58000. Typical signature loans simply require a client, like Jeremy’s signature to obtain them, up to $41,000 in some cases. Jeremy was able to get $58000 as a direct loan, which is very high for a direct loan. Because signature loans don’t require a cosigner, they tend to require better credit, as high as 741

Client Profile: Jeremy Kytle of Keymar, Maryland
  • Full name (Changed if requested): Jeremy Kytle
  • Current Credit: loans.hit.utils.Fico@5b6f7412
  • Current City: Keymar
  • State: Maryland
  • Zip code: 21766
  • Yearly income: $48,000
  • Current Job: contract specialist
  • Current County: Carroll
  • Goal Yearly Income: $126,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Jeremy was declined by First Virginia Bank-Central Maryland 5 times before being approved by The Detour Bank at 6690 Middleburg Road

On June 25, 2009, Jeremy inquired about borrowing $16,000 from Farmers and Merchants Bank with Suzie, their friend from just outside Keymar, and even with the co-signer, Jeremy was rejected for this direct loan. With bad credit, it can be challenging to procure financing, even with collateral and a co-signer.

Conclusion of Jeremy’s direct loan

In the end, Jeremy was able to find a direct loan for $58000 with an interest rate of 6.5% interest APR from The Detour Bank in Keymar, Maryland 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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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.