$20000 Unsecured Loan – Farmington Connecticut, Credit Score Of 338
- Experian: 352 – This client had a terrible Experian score
- Transunion: 321 – Dionne had a terrible credit rating with Transunion.
- Equifax: Dionne’s Experian score was 338, which is a terrible credit score using the Experian scale.
- Full name (Changed if requested): Dionne Coco
- Current Credit: loans.hit.utils.Fico@27973e9b
- Current City: Farmington
- State: Connecticut
- Zip code: 6033
- Yearly income: $44,000
- Current Job: school psychologist
- Current County: Hartford
- Goal Yearly Income: $125,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Previous requests on Dionne’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$38870.00||10||8.5%||$481.93||Colonial Bank of Waterbury||July 10, 2010|
|$39320.00||7||10.7%||$667.07||The Canaan National Bank||December 30, 2012|
|$39390.00||3||5.2%||$1184.09||The Clinton National Bank||April 15, 2013|
|$39350.00||4||7.5%||$951.44||Deep River Bank and Trust Company||June 28, 2014|
Dionne’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their school psychologist job and their future job as a power-line installer and mechanic
Contact Details for Farmington Valley Savings and Loan Association, the provider of this unsecured loan
- Farmington Valley Savings and Loan Association
- City: Farmington
- State: Connecticut
- Address: 781 Farmington Avenue
- County: Hartford
- Zip code: 6032
Dionne’s Transunion score was altered by the unsecured loan loan, changing to 321 from 338, which is typical in our experience.
Several other requests for credit have been made by Dionne in the past, including one from Marine Bank & Trust Company in Farmington, Connecticut before Dionne was approved for the $20000 by Farmington Valley Savings and Loan Association
Dionne made 5 prior attempts to obtain an unsecured loan, 2 of which were with Marine Bank & Trust Company, a lending institution in Farmington, Connecticut known to specialize in unsecured loans specifically. Before finding Farmington Valley Savings and Loan Association, Dionne was concerned due to their inexperience and terrible credit rating.
Personal Loan for a school psychologist named Dionne in Farmington, Connecticut to Pay Off Staples Business More Account
Dionne had a lot of credit card debt on their Citgo Business Fleet Credit Card and their American State Bank MasterCard, and they were starting to get in over their heads. Despite Dionne’s job as a school psychologist, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
When Dionne was 20, they attempted to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a list of Dionne’s previous attempts at finding a student loan:
- Attempt 1) Loan for $38,000.00 on September 4, 2009
- Attempt 2) Loan for $33,000.00 on May 12, 2013
- Attempt 3) Loan for $23,000.00 on October 28, 2010
- Attempt 4) Loan for $35,000.00 on June 17, 2009
- Attempt 5) Loan for $39,000.00 on August 30, 2009
Dionne was rejected by The National Iron Bank 5 times before being approved by Farmington Valley Savings and Loan Association at 781 Farmington Avenue
On May 12, 2009, Dionne applied about borrowing $48,000 from The National Bank of New England of East Haddam with Yan, their friend from just outside Farmington, and even with the co-signer, Dionne was rejected for this unsecured loan. With terrible credit, it can be difficult to procure financing, even with collateral and a co-signer.
Paraphrased and Standardized Quote from Dionne for this unsecured loan of $20000, provided by Farmington Valley Savings and Loan Association
Hi, I am Dionne and I am from Farmington in Connecticut. Hartford, county is where I grew up, and now I need a unsecured loan in Connecticut for $20000 to buy a big ticket item. It wasn’t easy, but Farmington Valley Savings and Loan Association really came through for me with this loan for 8.7% interest APR and a term of 3 years. I can probably repay the loan over the 3 year term, including interest. A big thanks to Farmington Valley Savings and Loan Association for trusting me and my terrible credit. It look me 6 years to create my credit to 338, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.
Signature Loan found in Farmington, Connecticut for $20000 with terrible credit by Dionne
Many clients struggle with finding signature loans in Farmington, Connecticut, and Dionne is no different. Dionne went to 4 lending institutions or more before finding Farmington Valley Savings and Loan Association, who offered Dionne a signature loan for $20000. Most signature loans simply need a client, like Dionne’s signature to obtain them, up to $47,000 in some cases. Dionne was able to get $20000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans do not need a cosigner, these loans tend to need better credit, as high as 700
Dionne has a sad current gross income, but has a large amount of prospects
Dionne has always wanted to be a power-line installer and mechanic, but would have to attend Missouri Baptist University again to achieve it. Dionne has other possibilities as well, including order clerk, marine cargo surveyor, and product planner, which pay $59,000 through to $92,000 per year, at least. Because of this, we believe that Dionne can pay for this unsecured loan of $20000.
Before applying for this unsecured loan, Dionne had an Experian score of 352, which is terrible, so Farmington Valley Savings and Loan Association likely cannot provide Dionne an unsecured loan
Installment loan for Dionne, a graduate of Missouri Baptist University and a school psychologist working for over $66,000 per year
Dionne, an alumnus at Missouri Baptist University and a school psychologist in Farmington, Connecticut wants an unsecured loan to purchase something frivolous. Dionne has instead chosen to obtain an installment loan for $28,000 and is at present seeking lenders like The First National Bank of Suffield to process their request.
6 Months Ago, Dionne Attempted to Find a High Risk Loan for $35,000.00, but They Didn’t Find What They were Expecting
There is an ongoing struggle for clients 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 physically harmful to borrowers like Dionne. Dionne decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit clients. Individuals with credit scores as low as 425 can inquire for a high risk loan and may be be accepted.
Fast Loans for Dionne in Farmington, Connecticut to prevent bankruptcy or harm from debt collectors.
Fast loans in Farmington, Connecticut aren’t actually that difficult to obtain, particularly if you have some finesse like Dionne. Dionne was able to find a fast loan for $20000 from City Trust Company and City Trust Company, but declined both offers in favor of their unsecured loan from Farmington Valley Savings and Loan Association. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. Much better if a borrower is in a pinch.
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans range from $22,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Dionne needed a debt consolidation loan to pay for their existing unsecured loan and their payday loan. Dionne was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your dirty, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.3%.
Conclusion of Dionne’s unsecured loan
In the end, Dionne was able to find an unsecured loan for $20000 with an interest rate of 5.4% interest APR from Farmington Valley Savings and Loan Association in Farmington, Connecticut repayable over 3 years from today.