$84000 High Risk Loan – Fort Lee New Jersey, Credit Score Of 401
- Experian: 414 – This client had a bad Experian score
- Transunion: 384 – Lili had a bad credit rating with Transunion.
- Equifax: Lili’s Experian score was 401, which is a bad credit rating with the Experian system.
7 Months Ago, Lili Tried to Find a High Risk Loan for $41,000.00, and it was Hard
There is an existing struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Lili. Lili decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Clients with credit ratings as low as 496 can apply for a high risk loan and have a chance to be approved.
Lili’s Transunion score was changed by the high risk loan loan, changing to 384 from 401, which is normal in our experience.
Personal Loan for an explosives worker named Lili in Fort Lee, New Jersey to Pay Off New York Yankees World MasterCard with Extra Bases Rewards
Lili had a tonne of credit card debt on their Volvo Credit Cards and their ShopNBC Platinum Rewards MasterCard, and they were starting to get in over their heads. Despite Lili’s job as an explosives worker, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Paraphrased and Standardized Quote from Lili for this high risk loan of $84000, provided by Fort Lee Savings and Loan Association
Hello, I am Lili and I am from Fort Lee in New Jersey. Bergen, county is where I grew up, and now I need a high risk loan in New Jersey for $84000 to buy a car. It wasn’t easy, but Fort Lee Savings and Loan Association really came through for me with this loan for 9.6% interest APR and a term of 1 years. I can probably repay the loan over the 1 year term, including interest. A big thanks to Fort Lee Savings and Loan Association for giving me a chance and my bad credit. It look me 6 years to build my credit to 401, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.
Fast Loans for Lili in Fort Lee, New Jersey to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Fort Lee, New Jersey aren’t actually that difficult to obtain, especially if you have some finesse like Lili. Lili was able to find a fast loan for $84000 from First Fidelity Bank, National Association, North Jersey and First Merchants National Bank, but turned down both offers in favor of their high risk loan from Fort Lee Savings and Loan Association. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. Much better if a client is in a pinch.
- Full name (Changed if requested): Lili Laisure
- Current Credit: loans.hit.utils.Fico@6e2c634b
- Current City: Fort Lee
- State: New Jersey
- Zip code: 7032
- Yearly income: $47,000
- Current Job: explosives worker
- Current County: Bergen
- Goal Yearly Income: $87,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Previous requests on Lili’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$21770.00||11||6.8%||$234.67||The State Bank of North Jersey||January 31, 2011|
|$21550.00||4||7.3%||$519.05||Carteret Bank and Trust Company||April 13, 2011|
|$22400.00||5||7.4%||$447.79||United Jersey Bank/Northwest||June 8, 2012|
|$21850.00||7||8.8%||$349.33||People’s Trust Company||November 28, 2012|
|$22460.00||11||7.4%||$249.19||United Jersey Bank/Central||April 28, 2014|
Before applying for this high risk loan, Lili had an Experian score of 414, which is bad, so Fort Lee Savings and Loan Association likely cannot provide Lili a high risk loan
Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $35,000.00 to $54,000.00. They are normally used to pay off existing high interest loans like credit cards. Lili needed a debt consolidation loan to pay for their existing high risk loan and their payday loan. Lili was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.8%.
Lili was rejected by Fidelity Union Bank 5 times before being accepted by Fort Lee Savings and Loan Association at 2011 Lemoine Ave
On August 9, 2011, Lili applied about borrowing $49,000 from United Trust Bank with Keith, their friend from just outside Fort Lee, and even with the co-signer, Lili was rejected for this high risk loan. With bad credit, it can be a challenge to obtain financing, even with collateral and a co-signer.
When Lili was 21, they attempted to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a list of Lili’s prior attempts at finding a student loan:
- Attempt 1) Loan for $29,000.00 on October 26, 2010
- Attempt 2) Loan for $23,000.00 on June 7, 2010
- Attempt 3) Loan for $30,000.00 on July 25, 2011
- Attempt 4) Loan for $31,000.00 on June 1, 2010
- Attempt 5) Loan for $33,000.00 on July 23, 2009
Signature Loan found in Fort Lee, New Jersey for $84000 with bad credit by Lili
A lot of borrowers have difficulty with obtaining signature loans in Fort Lee, New Jersey, and Lili is not an exception. Lili went to 5 lenders or more before settling on Fort Lee Savings and Loan Association, who offered Lili a signature loan for $84000. Most signature loans simply need a client, like Lili’s signature to get them, up to $26,000 in some cases. Lili was able to get $84000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not require a cosigner, these loans generally require improved credit, as high as 760
Contact Details for Fort Lee Savings and Loan Association, the provider of this high risk loan
- Fort Lee Savings and Loan Association
- City: Fort Lee
- State: New Jersey
- Address: 2011 Lemoine Ave
- County: Bergen
- Zip code: 7024
Multiple previous requests for credit have been made by Lili in the past, including one from Independent Bank East Michigan in Fort Lee, New Jersey before Lili was accepted for the $84000 by Fort Lee Savings and Loan Association
Lili made 5 previous tries to obtain a high risk loan, 2 of which were with Independent Bank East Michigan, a lender in Fort Lee, New Jersey known to specialize in high risk loans specifically. Prior to finding Fort Lee Savings and Loan Association, Lili was concerned due to their inexperience and bad credit rating.
Lili’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their explosives worker job and their future job as a criminal lawyer
Lili has a sad current gross income, but has a high number of prospects
Lili has always wanted to be a criminal lawyer, but would need attend The Woodhouse School of Wellness again to achieve it. Lili has other prospects as well, including school nurse, brattice builder, and ophthalmologist, which pay $56,000 through to $97,000 per year, on average. Because of this, we believe that Lili can afford this high risk loan of $84000.
Installment loan for Lili, a graduate of The Woodhouse School of Wellness and an explosives worker working for over $64,000 per year
Lili, an alumnus at The Woodhouse School of Wellness and an explosives worker in Fort Lee, New Jersey needs a high risk loan to purchase a house. Lili has instead chosen to obtain an installment loan for $26,000 and is currently seeking lenders like Carteret Bank and Trust Company to process their request.
Conclusion of Lili’s high risk loan
In the end, Lili was able to find a high risk loan for $84000 with an interest rate of 8.0% interest APR from Fort Lee Savings and Loan Association in Fort Lee, New Jersey repayable over 1 years from now.