Do you have over $10,000 in Debt? Get Help now.

Unsecured Loan Of $54000 For Fair Credit Massachusetts Resident

$54000 Unsecured Loan – Boston Massachusetts, Credit Rating Of 581

  • Experian: 600 – The client had a fair Experian score
  • Transunion: 567 – Lora had a fair credit score with Transunion.
  • Equifax: Lora’s Experian score was 581, which is a fair credit rating on the Experian rating scheme.

Paraphrased and Standardized Quote from Lora for this unsecured loan of $54000, provided by Fleet Bank of Massachusetts, National Association

Hi, I am Lora and I’m from Boston in Massachusetts. Suffolk, county is where I grew up, and now I need a unsecured loan in Massachusetts for $54000 to pay bills. It wasn’t easy, but Fleet Bank of Massachusetts, National Association really came through for me with this loan for 9.2% interest APR and a term of 6 years. I can probably repay the loan over the 6 year term, including interest. A big thanks to Fleet Bank of Massachusetts, National Association for giving me a chance and my fair credit. It look me 6 years to build my credit to 581, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

Contact Details for Fleet Bank of Massachusetts, National Association, the provider of this unsecured loan

  • Fleet Bank of Massachusetts, National Association
  • City: Boston
  • State: Massachusetts
  • Address: 75 State Street
  • County: Suffolk
  • Zip code: 2109

9 Months Ago, Lora Tried to Find a High Risk Loan for $28,000.00, and it was Easy

There is an well known struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Lora. Lora chose not to get a high risk loan this time. High Risk loans are given to bad credit individuals. Borrowers with credit scores as low as 407 can inquire for a high risk loan and may be be accepted.

When Lora was 19, they attempted to obtain a student loan from 7 different banks, which harmed their credit score. Below is a list of Lora’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on June 15, 2012
  • Attempt 2) Loan for $29,000.00 on October 16, 2008
  • Attempt 3) Loan for $27,000.00 on May 21, 2011
  • Attempt 4) Loan for $31,000.00 on April 11, 2011
  • Attempt 5) Loan for $35,000.00 on November 23, 2010
  • Attempt 6) Loan for $29,000.00 on July 18, 2010
  • Attempt 7) Loan for $23,000.00 on June 1, 2010

Previous requests on Lora’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$144350.00 4 10.8% $3716.8 State Street Bank and Trust Company November 8, 2013
$143810.00 10 7.6% $1714.57 United States Trust Company November 25, 2014
$144230.00 7 11.3% $2492.38 BayBank Harvard Trust Company November 29, 2014
$144260.00 4 8.4% $3548.96 Durfee Attleboro Bank January 3, 2015

Several past requests for credit have been made by Lora in the past, including one from Mercantile Bank of South Central Missouri in Boston, Massachusetts before Lora was approved for the $54000 by Fleet Bank of Massachusetts, National Association

Lora made 8 previous tries to obtain an unsecured loan, 2 of which were with Mercantile Bank of South Central Missouri, a lending institution in Boston, Massachusetts known to specialize in unsecured loans specifically. Prior to finding Fleet Bank of Massachusetts, National Association, Lora was desperate due to their inexperience and fair credit score.

Signature Loan easily acquired in Boston, Massachusetts for $54000 with fair credit by Lora

Many prospective borrowers have difficulty with finding signature loans in Boston, Massachusetts, and Lora is the same. Lora went to 8 lending institutions or more before settling on Fleet Bank of Massachusetts, National Association, who offered Lora a signature loan for $54000. Most signature loans simply need a client, like Lora’s signature to obtain them, up to $30,000 in some cases. Lora was able to get $54000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans don’t require a cosigner, these loans tend to need better credit, as high as 764

Fast Loans for Lora in Boston, Massachusetts to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Boston, Massachusetts aren’t actually that difficult to obtain, particularly if you have some gumption like Lora. Lora was able to find a fast loan for $54000 from Northeast National Bank and Security National Bank, but declined both offers in favor of their unsecured loan from Fleet Bank of Massachusetts, National Association. 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 7 weeks for personal loans. Much better if a borrower is in a time sensitive situation.

Lora was declined by Lexington Trust Company 5 times before being granted funding by Fleet Bank of Massachusetts, National Association at 75 State Street

On May 17, 2010, Lora inquired about borrowing $22,000 from Eastern Bank and Trust Company with Maximina, their friend from just outside Boston, and even with the co-signer, Lora was rejected for this unsecured loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Lora’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their mechanical drafter job and their future job as a medical records administrator

Fico Score: 581

Client Profile: Lora Stickler of Boston, Massachusetts
  • Full name (Changed if requested): Lora Stickler
  • Current Credit: loans.hit.utils.Fico@17f052a3
  • Current City: Boston
  • State: Massachusetts
  • Zip code: 2110
  • Yearly income: $66,000
  • Current Job: mechanical drafter
  • Current County: Suffolk
  • Goal Yearly Income: $102,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Before applying for this unsecured loan, Lora had an Experian score of 600, which is fair, so Fleet Bank of Massachusetts, National Association probably can provide Lora an unsecured loan

Experian Score: 600

Lora has a low current gross income, but has a large amount of prospects

Lora has always wanted to be a medical records administrator, but would need attend Heald College – Central Administrative Office again to become one. Lora has other prospects as well, including sales representative, atm machine servicer, and military analyst, which pay $55,000 through to $108,000 per year, on average. For this reason, we believe that Lora can afford this unsecured loan of $54000.

Personal Loan for a mechanical drafter named Lora in Boston, Massachusetts to Pay Off RBC Visa Business Platinum Avion Card

Lora had a tonne of credit card debt on their First County Bank Credit Cards and their Malvern Federal Savings Bank College Rewards Visa Card, and they were starting to get in over their heads. Despite Lora’s job as a mechanical drafter, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $36,000.00 to $54,000.00. They are normally used to pay off existing high interest loans like credit cards. Lora required a debt consolidation loan to pay for their existing unsecured loan and their payday loan. Lora was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 3.6%.

Lora’s Transunion score was altered by the unsecured loan loan, changing to 567 from 581, which is normal in our experience.

Transunion Score: 567

Installment loan for Lora, a graduate of Heald College – Central Administrative Office and a mechanical drafter working for over $62,000 per year

Lora, an alumnus at Heald College – Central Administrative Office and a mechanical drafter in Boston, Massachusetts needs an unsecured loan to purchase a car. Lora has instead decided to obtain an installment loan for $15,000 and is at present seeking lenders like Shawmut Bank of Franklin County to provide it.

Conclusion of Lora’s unsecured loan

In the end, Lora was able to find an unsecured loan for $54000 with an interest rate of 5.6% interest APR from Fleet Bank of Massachusetts, National Association in Boston, Massachusetts repayable over 6 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.