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Same Day Loan For $124000 Near 18301, Pennsylvania With A Credit Score Of 426

$124000 Same Day Loan – East Stroudsburg Pennsylvania, Credit Score Of 426

  • Experian: 438 – The client had a bad Experian score
  • Transunion: 408 – Bruce had a bad credit rating with Transunion.
  • Equifax: Bruce’s Experian score was 426, which is a bad credit rating with the Experian rating scheme.

Many other requests for credit have been made by Bruce in the past, including one from Society Bank of Eastern Ohio in East Stroudsburg, Pennsylvania before Bruce was approved for the $124000 by Pocono Bank

Bruce made 9 previous attempts to obtain a same day loan, 2 of which were with Society Bank of Eastern Ohio, a lender in East Stroudsburg, Pennsylvania known to specialize in same day loans specifically. Before finding Pocono Bank, Bruce was concerned due to their inexperience and bad credit score.

Client Profile: Bruce Shores of East Stroudsburg, Pennsylvania
  • Full name (Changed if requested): Bruce Shores
  • Current Credit: loans.hit.utils.Fico@439f5b3d
  • Current City: East Stroudsburg
  • State: Pennsylvania
  • Zip code: 18308
  • Yearly income: $69,000
  • Current Job: medical secretary
  • Current County: Monroe
  • Goal Yearly Income: $134,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Bruce’s Overall FICO score at the time of acceptance for a same day loan, taking into account their medical secretary job and their future job as an employee training instructor

Fico Score: 426

Paraphrased and Standardized Quote from Bruce for this same day loan of $124000, provided by Pocono Bank

Hi, I am Bruce and I am from East Stroudsburg in Pennsylvania. Monroe, county is where I grew up, and now I need a same day loan in Pennsylvania for $124000 to avoid bankruptcy. It has been difficult, but Pocono Bank really came through for me with this loan for 8.8% interest APR and a term of 12 years. I will repay the loan over the 12 year term, including interest. A big thanks to Pocono Bank for giving me a chance and my bad credit. It look me 6 years to build my credit to 426, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $39,000.00 to $43,000.00. They are mainly used to pay off existing high interest loans like credit cards. Bruce needed a debt consolidation loan to pay for their existing same day loan and their loan shark loan. Bruce was able to find a same day loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.5%.

When Bruce was 24, they attempted to obtain a student loan from 7 different banks, which damaged their credit rating. Below is a list of Bruce’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on April 6, 2009
  • Attempt 2) Loan for $27,000.00 on May 24, 2013
  • Attempt 3) Loan for $36,000.00 on April 25, 2012
  • Attempt 4) Loan for $29,000.00 on April 29, 2011
  • Attempt 5) Loan for $25,000.00 on January 30, 2011
  • Attempt 6) Loan for $33,000.00 on January 5, 2011
  • Attempt 7) Loan for $23,000.00 on April 1, 2011

Bruce was not approved by Industrial Valley Bank and Trust Company 5 times prior to being approved by Pocono Bank at 80 Washington Street

On December 3, 2010, Bruce applied about borrowing $15,000 from Orrstown Bank with Joi, their friend from just outside East Stroudsburg, and even with the co-signer, Bruce was rejected for this same day loan. With bad credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Previous requests on Bruce’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$135520.00 7 7.4% $2071.96 The People’s Bank of Oxford June 28, 2010
$136130.00 11 11.1% $1790.15 First Lehigh Bank December 28, 2010
$136110.00 10 9.2% $1738.95 SunBank March 25, 2011
$136400.00 5 8.7% $2811.62 Merchants Bank (North) May 13, 2012
$135580.00 10 7.4% $1602.29 Green Ridge Bank April 22, 2013

Bruce has a very low current yearly income, but has a high number of prospects

Bruce has always wanted to be an employee training instructor, but would need attend Marinello School of Beauty – Niantic again to become one. Bruce has other possibilities as well, including criminal justice professor, administrative service manager, and range manager, which pay $51,000 through to $93,000 per year, on average. Because of this, we believe that Bruce can afford this same day loan of $124000.

Before applying for this same day loan, Bruce had an Experian score of 438, which is bad, so Pocono Bank likely cannot provide Bruce a same day loan

Experian Score: 438

Contact Details for Pocono Bank, the provider of this same day loan

  • Pocono Bank
  • City: East Stroudsburg
  • State: Pennsylvania
  • Address: 80 Washington Street
  • County: Monroe
  • Zip code: 18301

Fast Loans for Bruce in East Stroudsburg, Pennsylvania to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in East Stroudsburg, Pennsylvania aren’t actually that difficult to obtain, particularly if you have some gumption like Bruce. Bruce was able to find a fast loan for $124000 from Provident National Bank and Dauphin Deposit Bank and Trust Company, but turned down both offers in favor of their same day loan from Pocono Bank. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better in the case that a borrower is in a pinch.

9 Months in the Past, Bruce Attempted Finding a High Risk Loan for $40,000.00, and it was Hard

There is an existing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Bruce. Bruce chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit applicants. Borrowers with credit scores as low as 435 can inquire for a high risk loan and have a chance to be approved.

Signature Loan acquired in East Stroudsburg, Pennsylvania for $124000 with bad credit by Bruce

A lot of prospective borrowers have difficulty with obtaining signature loans in East Stroudsburg, Pennsylvania, and Bruce is not an exception. Bruce went to 5 lending institutions or more before settling on Pocono Bank, who offered Bruce a signature loan for $124000. Most signature loans simply need a client, like Bruce’s signature to obtain them, up to $22,000 in some cases. Bruce was able to get $124000 as a same day loan, which is very high for a same day loan. Since signature loans don’t require a cosigner, these loans generally require higher credit, as high as 799

Bruce’s Transunion score was altered by the same day loan loan, changing to 408 from 426, which is normal in our experience.

Transunion Score: 408

Installment loan for Bruce, a graduate of Marinello School of Beauty – Niantic and a medical secretary working for over $65,000 per year

Bruce, an alumnus at Marinello School of Beauty – Niantic and a medical secretary in East Stroudsburg, Pennsylvania wants a same day loan to purchase a house. Bruce has instead chosen to obtain an installment loan for $15,000 and is at present seeking lenders like Mercer County State Bank to process their request.

Personal Loan for a medical secretary named Bruce in East Stroudsburg, Pennsylvania to Pay Off NFL Extra Points

Bruce had a tonne of credit card debt on their Washington State University Alumni Association Platinum Plus MasterCard and their City National Bank Visa Platinum Card, and they were starting to get in over their heads. Despite Bruce’s job as a medical secretary, 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 Bruce’s same day loan

In the end, Bruce was able to find a same day loan for $124000 with an interest rate of 11.6% interest APR from Pocono Bank in East Stroudsburg, Pennsylvania repayable over 12 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.