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Low Rate No Collateral Loan For Saran In Media, Pennsylvania

$56000 No Collateral Loan – Media Pennsylvania, Credit Rating Of 812

  • Experian: 822 – This client had an excellent Experian score
  • Transunion: 797 – Saran had an excellent credit rating with Transunion.
  • Equifax: Saran’s Experian score was 812, which is an excellent credit rating using the Experian system.

Multiple other requests for credit have been made by Saran in the past, including one from Farmers Savings Bank in Media, Pennsylvania before Saran was approved for the $56000 by Elmwood Federal Savings Bank

Saran made 5 previous attempts to obtain a no collateral loan, 2 of which were with Farmers Savings Bank, a lender in Media, Pennsylvania known to specialize in no collateral loans specifically. Before finding Elmwood Federal Savings Bank, Saran was very concerned due to their inexperience and excellent credit rating.

Paraphrased and Standardized Quote from Saran for this no collateral loan of $56000, provided by Elmwood Federal Savings Bank

Hello, I am Saran and my hometown is Media in Pennsylvania. Delaware, county is where I grew up, and now I need a no collateral loan in Pennsylvania for $56000 to avoid bankruptcy. It wasn’t easy, but Elmwood Federal Savings Bank really came through for me with this loan for 9.8% interest APR and a term of 18 years. I can probably repay the loan over the 18 year term, including interest. A big thanks to Elmwood Federal Savings Bank for giving me a chance and my excellent credit. It look me 5 years to create my credit to 812, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

Saran has a very low current total income, but has several of prospects

Saran has always wanted to be a funeral attendant, but would need attend Hu Hu Kam Memorial Hospital again to become one. Saran has other possibilities as well, including retail buyer, funeral director, and high school administrator, which pay $52,000 through to $99,000 per year, at least. Because of this, we think that Saran can afford this no collateral loan of $56000.

Fast Loans for Saran in Media, Pennsylvania to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Media, Pennsylvania aren’t actually that difficult to obtain, particularly if you have some finesse like Saran. Saran was able to find a fast loan for $56000 from Mellon Bank (East) PSFS, National Association and First Columbia Bank & Trust Co., but declined both offers in favor of their no collateral loan from Elmwood Federal Savings Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better in the case that a client is on the go.

Saran was not approved by SunBank 6 times before being granted funding by Elmwood Federal Savings Bank at 112 Chesley Drive

On August 7, 2013, Saran inquired about borrowing $49,000 from Liberty State Bank, Mount Carmel, Pa. with Lajuana, their friend from just outside Media, and even with the co-signer, Saran was rejected for this no collateral loan. With excellent credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Contact Details for Elmwood Federal Savings Bank, the provider of this no collateral loan

  • Elmwood Federal Savings Bank
  • City: Media
  • State: Pennsylvania
  • Address: 112 Chesley Drive
  • County: Delaware
  • Zip code: 19063

Installment loan for Saran, a graduate of Hu Hu Kam Memorial Hospital and a nurse’s aide working for over $63,000 per year

Saran, an alumnus at Hu Hu Kam Memorial Hospital and a nurse’s aide in Media, Pennsylvania wants a no collateral loan to purchase a house. Saran has instead chosen to get an installment loan for $27,000 and is currently seeking lenders like Peoples Bank of Nanticoke to provide it.

Saran’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their nurse’s aide job and their future job as a funeral attendant

Fico Score: 812

Client Profile: Saran Cliatt of Media, Pennsylvania
  • Full name (Changed if requested): Saran Cliatt
  • Current Credit: loans.hit.utils.Fico@4783da3f
  • Current City: Media
  • State: Pennsylvania
  • Zip code: 19066
  • Yearly income: $31,000
  • Current Job: nurse’s aide
  • Current County: Delaware
  • Goal Yearly Income: $146,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

When Saran was 23, they tried to obtain a student loan from 7 alternate lenders, which damaged their credit rating. Below is a chronology of Saran’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on May 25, 2012
  • Attempt 2) Loan for $29,000.00 on January 3, 2012
  • Attempt 3) Loan for $39,000.00 on December 19, 2011
  • Attempt 4) Loan for $38,000.00 on March 29, 2011
  • Attempt 5) Loan for $21,000.00 on April 28, 2013
  • Attempt 6) Loan for $36,000.00 on June 16, 2009
  • Attempt 7) Loan for $29,000.00 on June 18, 2012

Previous requests on Saran’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$148610.00 3 11.5% $4900.56 The People’s Bank of Oxford January 9, 2010
$149130.00 6 7.2% $2556.86 First Lehigh Bank November 2, 2010
$148890.00 9 7.1% $1869.61 SunBank February 25, 2011
$149270.00 3 10.2% $4830.55 Merchants Bank (North) November 9, 2011

Saran’s Transunion score was altered by the no collateral loan loan, changing to 797 from 812, which is typical in our experience.

Transunion Score: 797

Personal Loan for a nurse’s aide named Saran in Media, Pennsylvania to Pay Off DISTANCIA Visa Secured Card

Saran had a tonne of credit card debt on their First National Bank & Trust Credit Cards and their American Eagle Outfitters, and they were starting to get in over their heads. Despite Saran’s job as a nurse’s aide, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan found in Media, Pennsylvania for $56000 with excellent credit by Saran

Most clients struggle with finding signature loans in Media, Pennsylvania, and Saran is not an exception. Saran went to 5 lenders or more before finding Elmwood Federal Savings Bank, who offered Saran a signature loan for $56000. Typical signature loans simply require a client, like Saran’s signature to obtain them, up to $33,000 in some cases. Saran was able to get $56000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans don’t require collateral, they generally require better credit, as high as 739

6 Months in the Past, Saran Attempted Finding a High Risk Loan for $42,000.00, and it was Easy

It is an existing struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Saran. Saran chose not to get a high risk loan this time. High Risk loans are given to terrible credit borrowers. Clients with credit scores as low as 439 can apply for a high risk loan and possibly can be accepted.

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

Most debt consolidation loans vary from $35,000.00 to $45,000.00. They are typically used to pay off existing high interest loans like credit cards. Saran needed a debt consolidation loan to pay for their existing no collateral loan and their loan shark loan. Saran was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.0%.

Before applying for this no collateral loan, Saran had an Experian score of 822, which is excellent, so Elmwood Federal Savings Bank likely cannot provide Saran a no collateral loan

Experian Score: 822

Conclusion of Saran’s no collateral loan

In the end, Saran was able to find a no collateral loan for $56000 with an interest rate of 8.2% interest APR from Elmwood Federal Savings Bank in Media, Pennsylvania repayable over 18 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.