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Slyvia Wanted A Mortgage For $60000, New Haven, Connecticut

$60000 Mortgage – New Haven Connecticut, Credit Score Of 368

  • Experian: 384 – This client had a terrible Experian rating
  • Transunion: 356 – Slyvia had a terrible credit rating with Transunion.
  • Equifax: Slyvia’s Experian score was 368, which is a terrible credit rating with the Experian rating scheme.

When Slyvia was 23, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit rating. Below is a chronology of Slyvia’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on March 1, 2013
  • Attempt 2) Loan for $38,000.00 on November 10, 2013
  • Attempt 3) Loan for $25,000.00 on April 3, 2010
  • Attempt 4) Loan for $32,000.00 on September 13, 2010
  • Attempt 5) Loan for $37,000.00 on February 14, 2014
  • Attempt 6) Loan for $28,000.00 on December 19, 2009

Slyvia was not approved by The Connecticut National Bank 6 times prior to being granted funding by New Haven Merchant’s Bank at 809 Chapel Street

On August 29, 2010, Slyvia applied about borrowing $47,000 from Shawmut Fidelity Bank with Dorie, their friend from just outside New Haven, and even with the co-signer, Slyvia was rejected for this mortgage. With terrible credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Slyvia’s Transunion score was altered by the mortgage loan, changing to 356 from 368, which is typical in our experience.

Transunion Score: 356

Paraphrased and Standardized Quote from Slyvia for this mortgage of $60000, provided by New Haven Merchant’s Bank

Hi, I am Slyvia and I am from New Haven in Connecticut. New Haven, county is where I grew up, and now I need a mortgage in Connecticut for $60000 to avoid bankruptcy. It has been difficult, but New Haven Merchant’s Bank really came through for me with this loan for 11.4% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to New Haven Merchant’s Bank for trusting me and my terrible credit. It look me 8 years to build my credit to 368, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Fast Loans for Slyvia in New Haven, Connecticut to prevent bankruptcy or broken legs from debt collectors.

Fast loans in New Haven, Connecticut aren’t actually that difficult to obtain, particularly if you have some finesse like Slyvia. Slyvia was able to find a fast loan for $60000 from Deep River Bank and Trust Company and The Clinton National Bank, but declined both offers in favor of their mortgage from New Haven Merchant’s Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. An improvement if a borrower is in a time sensitive situation.

Signature Loan easily acquired in New Haven, Connecticut for $60000 with terrible credit by Slyvia

A lot of prospective borrowers struggle with finding signature loans in New Haven, Connecticut, and Slyvia is no different. Slyvia went to 6 lending institutions or more before finding New Haven Merchant’s Bank, who offered Slyvia a signature loan for $60000. Typical signature loans simply need a client, like Slyvia’s signature to get them, up to $27,000 in some cases. Slyvia was able to get $60000 as a mortgage, which is very high for a mortgage. Because signature loans do not need collateral, they generally need better credit, as high as 747

Personal Loan for a licensed practical nurse named Slyvia in New Haven, Connecticut to Pay Off Bank of Nevada Visa Business Card

Slyvia had a tonne of credit card debt on their Teachers FCU Platinum Visa and their H-E-B Credit Card, and they were starting to get in over their heads. Despite Slyvia’s job as a licensed practical nurse, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

7 Months Ago, Slyvia Attempted to Find a High Risk Loan for $48,000.00, and it was Hard

There is an existing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Slyvia. Slyvia chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit clients. Clients with credit scores as low as 505 can inquire for a high risk loan and have a chance to be approved.

Slyvia has a sad current yearly income, but has a large amount of prospects

Slyvia has always wanted to be a computer systems engineer, but would need attend Bowdoin College again to achieve it. Slyvia has other possibilities as well, including environmental science professsor, graphic designer, and biology professor, which pay $50,000 through to $91,000 per year, at least. Because of this, we think that Slyvia can pay for this mortgage of $60000.

Client Profile: Slyvia Steiber of New Haven, Connecticut
  • Full name (Changed if requested): Slyvia Steiber
  • Current Credit: loans.hit.utils.Fico@300ffa5d
  • Current City: New Haven
  • State: Connecticut
  • Zip code: 6519
  • Yearly income: $52,000
  • Current Job: licensed practical nurse
  • Current County: New Haven
  • Goal Yearly Income: $103,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Previous requests on Slyvia’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$80410.00 4 5.1% $1855.43 Colonial Bank of Waterbury March 23, 2013
$80470.00 4 9.1% $2006.32 The Canaan National Bank September 23, 2014
$79790.00 9 8.6% $1063.75 The Clinton National Bank November 18, 2014
$80400.00 8 8.6% $1161.26 Deep River Bank and Trust Company May 24, 2015
$80450.00 8 11.2% $1272.44 The National Bank of New England of East Haddam July 10, 2015

Contact Details for New Haven Merchant’s Bank, the provider of this mortgage

  • New Haven Merchant’s Bank
  • City: New Haven
  • State: Connecticut
  • Address: 809 Chapel Street
  • County: New Haven
  • Zip code: 6510

Slyvia’s Overall FICO score at the time of acceptance for a mortgage, taking into account their licensed practical nurse job and their future job as a computer systems engineer

Fico Score: 368

Before applying for this mortgage, Slyvia had an Experian score of 384, which is terrible, so New Haven Merchant’s Bank probably cannot provide Slyvia a mortgage

Experian Score: 384

Multiple other requests for credit have been made by Slyvia in the past, including one from Gravois Bank at Mehlville in New Haven, Connecticut before Slyvia was accepted for the $60000 by New Haven Merchant’s Bank

Slyvia made 4 previous tries to obtain a mortgage, 2 of which were with Gravois Bank at Mehlville, a lender in New Haven, Connecticut known to specialize in mortgages specifically. Before finding New Haven Merchant’s Bank, Slyvia was concerned due to their inexperience and terrible credit score.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $27,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Slyvia required a debt consolidation loan to pay for their existing mortgage and their payday loan. Slyvia was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.5%.

Installment loan for Slyvia, a graduate of Bowdoin College and a licensed practical nurse working for over $76,000 per year

Slyvia, an alumnus at Bowdoin College and a licensed practical nurse in New Haven, Connecticut needs a mortgage to purchase something frivolous. Slyvia has instead chosen to get an installment loan for $12,000 and is at present seeking lenders like The First National Bank of Litchfield to process their request.

Conclusion of Slyvia’s mortgage

In the end, Slyvia was able to find a mortgage for $60000 with an interest rate of 10.8% interest APR from New Haven Merchant’s Bank in New Haven, Connecticut 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.