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Personal Loan Of $164000 For Terrible Credit Massachusetts Resident

$164000 Personal Loan – Marblehead Massachusetts, Credit Rating Of 345

  • Experian: 361 – This individual had a terrible Experian rating
  • Transunion: 330 – Manie had a terrible credit score with Transunion.
  • Equifax: Manie’s Experian score was 345, which is a terrible credit score using the Experian system.

Manie’s Transunion score was changed by the personal loan loan, changing to 330 from 345, which is typical in our experience.

Transunion Score: 330

Paraphrased and Standardized Quote from Manie for this personal loan of $164000, provided by Marblehead Bank

Hi, I am Manie and I am from Marblehead in Massachusetts. Essex, county is where I grew up, and now I need a personal loan in Massachusetts for $164000 to avoid bankruptcy. It has been difficult, but Marblehead Bank really came through for me with this loan for 7.8% interest APR and a term of 19 years. I can repay the loan over the 19 year term, including interest. A big thanks to Marblehead Bank for trusting me and my terrible credit. It look me 7 years to build my credit to 345, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

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

Normal debt consolidation loans range from $31,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Manie needed a debt consolidation loan to pay for their existing personal loan and their payday loan. Manie was able to find a personal loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.1%.

Before applying for this personal loan, Manie had an Experian score of 361, which is terrible, so Marblehead Bank probably cannot provide Manie a personal loan

Experian Score: 361

Fast Loans for Manie in Marblehead, Massachusetts to prevent bankruptcy or harm from debt collectors.

Fast loans in Marblehead, Massachusetts aren’t actually that difficult to obtain, especially if you have some gumption like Manie. Manie was able to find a fast loan for $164000 from Lexington Trust Company and Natick Trust Company, but declined both offers in favor of their personal loan from Marblehead 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 7 weeks for debt consolidation loans. A big improvement if a borrower is on the go.

Contact Details for Marblehead Bank, the provider of this personal loan

  • Marblehead Bank
  • City: Marblehead
  • State: Massachusetts
  • Address: 21 Atlantic Avenue
  • County: Essex
  • Zip code: 1945

9 Months Ago, Manie Tried to Find a High Risk Loan for $25,000.00, and it was Easy

It is an ongoing struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Manie. Manie decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Borrowers with credit scores as low as 574 can inquire for a high risk loan and have a chance to be accepted.

Installment loan for Manie, a graduate of University of Delaware and a tax lawyer working for over $74,000 per year

Manie, an alumnus at University of Delaware and a tax lawyer in Marblehead, Massachusetts wants a personal loan to purchase a car. Manie has instead decided to obtain an installment loan for $23,000 and is currently seeking lenders like Bank of New England – North Shore to provide it.

Client Profile: Manie Peasley of Marblehead, Massachusetts
  • Full name (Changed if requested): Manie Peasley
  • Current Credit: loans.hit.utils.Fico@1ddc4ec2
  • Current City: Marblehead
  • State: Massachusetts
  • Zip code: 1954
  • Yearly income: $59,000
  • Current Job: tax lawyer
  • Current County: Essex
  • Goal Yearly Income: $132,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Manie has a sad current gross income, but has a high number of prospects

Manie has always wanted to be a philosophy and religion professor, but would have to attend University of Delaware again to become one. Manie has other prospects as well, including environmental technician, forest fire inspector, and medical appliance technician, which pay $59,000 through to $109,000 per year, at least. Because of this, we believe that Manie can afford this personal loan of $164000.

Manie’s Overall FICO score at the time of acceptance for a personal loan, taking into account their tax lawyer job and their future job as a philosophy and religion professor

Fico Score: 345

Signature Loan easily acquired in Marblehead, Massachusetts for $164000 with terrible credit by Manie

Many clients have difficulty with obtaining signature loans in Marblehead, Massachusetts, and Manie is not an exception. Manie went to 7 lenders or more prior to finding Marblehead Bank, who offered Manie a signature loan for $164000. Typical signature loans simply need a client, like Manie’s signature to obtain them, up to $34,000 in some cases. Manie was able to get $164000 as a personal loan, which is very high for a personal loan. Since signature loans do not need a cosigner, they tend to need improved credit, as high as 771

Previous requests on Manie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$140760.00 7 7.1% $2131.33 State Street Bank and Trust Company December 7, 2010
$141150.00 10 7.6% $1682.85 United States Trust Company June 16, 2011
$141300.00 5 5.4% $2692.48 BayBank Harvard Trust Company July 3, 2012
$140650.00 5 7.3% $2804.99 Durfee Attleboro Bank May 31, 2013

Manie was declined by Security National Bank 6 times before being granted funding by Marblehead Bank at 21 Atlantic Avenue

On April 2, 2013, Manie applied about borrowing $4,000 from The Abington National Bank with Jackeline, their friend from just outside Marblehead, and even with the co-signer, Manie was rejected for this personal loan. With terrible credit, it can be very hard to obtain funding, even with collateral and a co-signer.

When Manie was 23, they attempted to obtain a student loan from 5 different banks, which harmed their credit score. Below is a list of Manie’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on August 27, 2012
  • Attempt 2) Loan for $32,000.00 on March 26, 2011
  • Attempt 3) Loan for $37,000.00 on January 29, 2010
  • Attempt 4) Loan for $39,000.00 on July 19, 2009
  • Attempt 5) Loan for $26,000.00 on November 29, 2008

Multiple previous requests for credit have been made by Manie in the past, including one from Peoples Bank in Marblehead, Massachusetts before Manie was accepted for the $164000 by Marblehead Bank

Manie made 9 prior attempts to obtain a personal loan, 2 of which were with Peoples Bank, a lending institution in Marblehead, Massachusetts known to specialize in personal loans specifically. Before finding Marblehead Bank, Manie was very concerned due to their inexperience and terrible credit rating.

Personal Loan for a tax lawyer named Manie in Marblehead, Massachusetts to Pay Off BankAmericard Cash Rewards Visa Signature Credit Card for the American Medical Student Association

Manie had a lot of credit card debt on their Reach Out and Read Visa Card and their Fulton Bank Visa Platinum Card, and they were starting to get in over their heads. Despite Manie’s job as a tax lawyer, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Conclusion of Manie’s personal loan

In the end, Manie was able to find a personal loan for $164000 with an interest rate of 8.5% interest APR from Marblehead Bank in Marblehead, Massachusetts repayable over 19 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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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.