$36000 Unsecured Loan – Darby Pennsylvania, Credit Rating Of 452
- Experian: 465 – The client had a bad Experian rating
- Transunion: 436 – Laurence had a bad credit score with Transunion.
- Equifax: Laurence’s Experian score was 452, which is a bad credit rating using the Experian rating scheme.
Paraphrased and Standardized Quote from Laurence for this unsecured loan of $36000, provided by Sharon Savings Bank
Hello, I am Laurence and my hometown is Darby in Pennsylvania. Delaware, county is where I grew up, and now I need a unsecured loan in Pennsylvania for $36000 to avoid bankruptcy. It has been difficult, but Sharon Savings Bank really came through for me with this loan for 7.2% interest APR and a term of 19 years. I can repay the loan over the 19 year term, including interest. A big thanks to Sharon Savings Bank for trusting me and my bad credit. It look me 7 years to build my credit to 452, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.
Laurence’s Transunion score was altered by the unsecured loan loan, changing to 436 from 452, which is typical in our experience.
When Laurence was 23, they attempted to obtain a student loan from 4 alternate banks, which damaged their credit rating. Below is a chronology of Laurence’s previous attempts at finding a student loan:
- Attempt 1) Loan for $32,000.00 on November 25, 2009
- Attempt 2) Loan for $21,000.00 on December 31, 2011
- Attempt 3) Loan for $36,000.00 on November 24, 2011
- Attempt 4) Loan for $34,000.00 on December 26, 2012
Laurence was not approved by The People’s Bank of Oxford 4 times prior to being granted funding by Sharon Savings Bank at 9 Chester Pike
On October 11, 2013, Laurence inquired about borrowing $19,000 from Mellon Bank (East) PSFS, National Association with Racquel, their friend from just outside Darby, and even with the co-signer, Laurence was rejected for this unsecured loan. With bad credit, it can be challenging to procure financing, even with collateral and a co-signer.
Laurence’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their production planner job and their future job as a customer service representative
Signature Loan acquired in Darby, Pennsylvania for $36000 with bad credit by Laurence
Many clients struggle with finding signature loans in Darby, Pennsylvania, and Laurence is the same. Laurence went to 7 lenders or more before settling on Sharon Savings Bank, who offered Laurence a signature loan for $36000. Typical signature loans simply require a client, like Laurence’s signature to obtain them, up to $39,000 in some cases. Laurence was able to get $36000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t need a cosigner, these loans tend to need better credit, as high as 749
Before applying for this unsecured loan, Laurence had an Experian score of 465, which is bad, so Sharon Savings Bank probably cannot provide Laurence an unsecured loan
Fast Loans for Laurence in Darby, Pennsylvania to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Darby, Pennsylvania aren’t actually that difficult to obtain, particularly if you have some finesse like Laurence. Laurence was able to find a fast loan for $36000 from First Columbia Bank & Trust Co. and The Houtzdale Bank, but turned down both offers in favor of their unsecured loan from Sharon Savings Bank. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement in the case that a client is on the go.
Several past requests for credit have been made by Laurence in the past, including one from Canton Co-operative Bank in Darby, Pennsylvania before Laurence was approved for the $36000 by Sharon Savings Bank
Laurence made 8 previous attempts to obtain an unsecured loan, 2 of which were with Canton Co-operative Bank, a bank in Darby, Pennsylvania known to specialize in unsecured loans specifically. Prior to finding Sharon Savings Bank, Laurence was very concerned due to their inexperience and bad credit rating.
Installment loan for Laurence, a graduate of EDIC College and a production planner working for over $71,000 per year
Laurence, an alumnus at EDIC College and a production planner in Darby, Pennsylvania wants an unsecured loan to purchase something frivolous. Laurence has instead chosen to get an installment loan for $21,000 and is currently seeking lenders like The Union Banking & Trust Company of Du Bois, Pennsylvania to provide it.
Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most 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. Laurence required a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Laurence was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.0%.
Personal Loan for a production planner named Laurence in Darby, Pennsylvania to Pay Off Tompkins Trust Company Cash Rewards American Express Card
Laurence had a lot of credit card debt on their Commerce Bank World Elite MasterCard and their First Tennessee Platinum Premier Visa, and they were starting to get in over their heads. Despite Laurence’s job as a production planner, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Laurence has a sad current total income, but has a large amount of prospects
Laurence has always wanted to be a customer service representative, but would have to attend EDIC College again to achieve it. Laurence has other possibilities as well, including computer systems engineer, set illustrator, and industrial hygienist, which pay $55,000 through to $106,000 per year, on average. For this reason, we believe that Laurence can pay for this unsecured loan of $36000.
- Full name (Changed if requested): Laurence Makarem
- Current Credit: loans.hit.utils.Fico@4fca772d
- Current City: Darby
- State: Pennsylvania
- Zip code: 19029
- Yearly income: $35,000
- Current Job: production planner
- Current County: Delaware
- Goal Yearly Income: $108,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000
Previous requests on Laurence’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$138350.00||11||11.3%||$1835.44||The People’s Bank of Oxford||September 15, 2010|
|$137830.00||3||8.7%||$4363.74||First Lehigh Bank||June 23, 2011|
|$138450.00||7||10.6%||$2341.58||SunBank||July 2, 2013|
|$137530.00||11||8.6%||$1614.74||Merchants Bank (North)||February 22, 2014|
Contact Details for Sharon Savings Bank, the provider of this unsecured loan
- Sharon Savings Bank
- City: Darby
- State: Pennsylvania
- Address: 9 Chester Pike
- County: Delaware
- Zip code: 19023
6 Months Ago, Laurence Tried Finding a High Risk Loan for $36,000.00, but They Didn’t Find What They were Expecting
It is an well known struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Laurence. Laurence decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Individuals with credit scores as low as 519 can apply for a high risk loan and possibly can be approved.
Conclusion of Laurence’s unsecured loan
In the end, Laurence was able to find an unsecured loan for $36000 with an interest rate of 8.6% interest APR from Sharon Savings Bank in Darby, Pennsylvania repayable over 19 years from now.