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Luise Wanted A Quick Loan For $90000, Ellicott City, Maryland

$90000 Quick Loan – Ellicott City Maryland, Credit Rating Of 440

  • Experian: 454 – They had a bad Experian score
  • Transunion: 427 – Luise had a bad credit rating with Transunion.
  • Equifax: Luise’s Experian score was 440, which is a bad credit rating using the Experian rating scheme.

Before applying for this quick loan, Luise had an Experian score of 454, which is bad, so Concord Savings Bank, FSB likely cannot provide Luise a quick loan

Experian Score: 454

Multiple previous requests for credit have been made by Luise in the past, including one from Colony Bank Ashburn in Ellicott City, Maryland before Luise was accepted for the $90000 by Concord Savings Bank, FSB

Luise made 7 previous attempts to obtain a quick loan, 2 of which were with Colony Bank Ashburn, a lending institution in Ellicott City, Maryland known to specialize in quick loans specifically. Before finding Concord Savings Bank, FSB, Luise was desperate due to their inexperience and bad credit score.

Personal Loan for a middle school guidance counselor named Luise in Ellicott City, Maryland to Pay Off Old Navy Visa Card

Luise had a lot of credit card debt on their Atlanta Falcons NFL Extra Points Visa Signature Card and their Boston College Platinum MasterCard, and they were starting to get in over their heads. Despite Luise’s job as a middle school guidance counselor, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Luise’s Overall FICO score at the time of acceptance for a quick loan, taking into account their middle school guidance counselor job and their future job as a controller

Fico Score: 440

Client Profile: Luise Reiser of Ellicott City, Maryland
  • Full name (Changed if requested): Luise Reiser
  • Current Credit: loans.hit.utils.Fico@20ad9418
  • Current City: Ellicott City
  • State: Maryland
  • Zip code: 21049
  • Yearly income: $56,000
  • Current Job: middle school guidance counselor
  • Current County: Howard
  • Goal Yearly Income: $142,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Previous requests on Luise’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$47210.00 3 5.6% $1427.68 American Security Bank, National Association May 15, 2009
$46510.00 5 9.7% $981.35 The Forest Hill State Bank November 26, 2011
$47460.00 7 8.7% $756.38 Boonsboro Bank of Boonsboro, Maryland September 12, 2012
$47400.00 8 8.7% $687.07 Farmers Bank July 22, 2014
$47310.00 11 8.5% $552.88 St. Michaels Bank August 12, 2014

7 Months in the Past, Luise Attempted to Find a High Risk Loan for $37,000.00, and it was Hard

It is an ongoing struggle for borrowers to find high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Luise. Luise chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Individuals with credit scores as low as 504 can apply for a high risk loan and may be be approved.

Contact Details for Concord Savings Bank, FSB, the provider of this quick loan

  • Concord Savings Bank, FSB
  • City: Ellicott City
  • State: Maryland
  • Address: 9095 Frederick Road
  • County: Howard
  • Zip code: 21043

Luise was rejected by The First National Bank of Mount Savage 5 times prior to being approved by Concord Savings Bank, FSB at 9095 Frederick Road

On December 19, 2009, Luise inquired about borrowing $22,000 from The Forest Hill State Bank with Sulema, their in law from just outside Ellicott City, and even with the co-signer, Luise was rejected for this quick loan. With bad credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Fast Loans for Luise in Ellicott City, Maryland to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Ellicott City, Maryland aren’t actually that difficult to obtain, particularly if you have some finesse like Luise. Luise was able to find a fast loan for $90000 from Farmers Bank of Maryland and The Citizens National Bank, but turned down both offers in favor of their quick loan from Concord Savings Bank, FSB. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference if a borrower is on the go.

Luise has a disappointing current yearly income, but has a high number of prospects

Luise has always wanted to be a controller, but would have to attend Southern Arkansas University Main Campus again to achieve it. Luise has other prospects as well, including environmental planner, computer security specialist, and industrial engineering technician, which pay $58,000 through to $100,000 per year, at least. For this reason, we believe that Luise can afford this quick loan of $90000.

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

Normal debt consolidation loans vary from $34,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Luise required a debt consolidation loan to pay for their existing quick loan and their payday loan. Luise was able to find a quick loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.3%.

Signature Loan found in Ellicott City, Maryland for $90000 with bad credit by Luise

A lot of borrowers have difficulty with obtaining signature loans in Ellicott City, Maryland, and Luise is not an exception. Luise went to 7 lending institutions or more prior to settling on Concord Savings Bank, FSB, who offered Luise a signature loan for $90000. Most signature loans simply require a client, like Luise’s signature to obtain them, up to $26,000 in some cases. Luise was able to get $90000 as a quick loan, which is very high for a quick loan. Since signature loans don’t need a cosigner, they tend to require higher credit, as high as 788

When Luise was 20, they tried to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a chronology of Luise’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on August 5, 2010
  • Attempt 2) Loan for $34,000.00 on January 3, 2009
  • Attempt 3) Loan for $34,000.00 on March 25, 2011
  • Attempt 4) Loan for $31,000.00 on January 3, 2010
  • Attempt 5) Loan for $27,000.00 on May 5, 2012

Luise’s Transunion score was altered by the quick loan loan, changing to 427 from 440, which is typical in our experience.

Transunion Score: 427

Installment loan for Luise, a graduate of Southern Arkansas University Main Campus and a middle school guidance counselor working for over $74,000 per year

Luise, an alumnus at Southern Arkansas University Main Campus and a middle school guidance counselor in Ellicott City, Maryland needs a quick loan to purchase a car. Luise has instead chosen to get an installment loan for $4,000 and is currently seeking lenders like The First National Bank of Mount Savage to process their request.

Paraphrased and Standardized Quote from Luise for this quick loan of $90000, provided by Concord Savings Bank, FSB

Hi, I am Luise and I’m from Ellicott City in Maryland. Howard, county is where I grew up, and now I need a quick loan in Maryland for $90000 to pay bills. It has been difficult, but Concord Savings Bank, FSB really came through for me with this loan for 7.1% interest APR and a term of 8 years. I can repay the loan over the 8 year term, including interest. A big thanks to Concord Savings Bank, FSB for trusting me and my bad credit. It look me 4 years to create my credit to 440, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Conclusion of Luise’s quick loan

In the end, Luise was able to find a quick loan for $90000 with an interest rate of 5.1% interest APR from Concord Savings Bank, FSB in Ellicott City, Maryland repayable over 8 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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