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Unsecured Loan Of $84000 For Bad Credit Pennsylvania Resident

$84000 Unsecured Loan – Horsham Pennsylvania, Credit Rating Of 495

  • Experian: 512 – This individual had a bad Experian score
  • Transunion: 483 – Claudio had a bad credit rating with Transunion.
  • Equifax: Claudio’s Experian score was 495, which is a bad credit rating on the Experian system.

Claudio was declined by Bank of Pennsylvania 6 times prior to being accepted by Vantage Point Bank at 100 Gibraltar Road

On May 5, 2014, Claudio inquired about borrowing $31,000 from Saucon Valley Trust Company with Ceola, their in law from just outside Horsham, and even with the co-signer, Claudio was rejected for this unsecured loan. With bad credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Contact Details for Vantage Point Bank, the provider of this unsecured loan

  • Vantage Point Bank
  • City: Horsham
  • State: Pennsylvania
  • Address: 100 Gibraltar Road
  • County: Montgomery
  • Zip code: 19044

When Claudio was 23, they tried to obtain a student loan from 4 alternate banks, which harmed their credit rating. Below is a list of Claudio’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on October 28, 2011
  • Attempt 2) Loan for $30,000.00 on May 21, 2012
  • Attempt 3) Loan for $32,000.00 on May 3, 2013
  • Attempt 4) Loan for $27,000.00 on November 7, 2012

Claudio has a low current gross income, but has several of prospects

Claudio has always wanted to be a paste-up worker, but would have to attend “University of Arkansas, Fayetteville” again to become one. Claudio has other possibilities as well, including radio & tv news commentator, mine cutting machine operator, and horticulturist, which pay $56,000 through to $101,000 per year, at least. Because of this, we think that Claudio can afford this unsecured loan of $84000.

Before applying for this unsecured loan, Claudio had an Experian score of 512, which is bad, so Vantage Point Bank probably cannot provide Claudio an unsecured loan

Experian Score: 512

Client Profile: Claudio Steinmeyer of Horsham, Pennsylvania
  • Full name (Changed if requested): Claudio Steinmeyer
  • Current Credit: loans.hit.utils.Fico@378fd1ac
  • Current City: Horsham
  • State: Pennsylvania
  • Zip code: 19050
  • Yearly income: $39,000
  • Current Job: medical technologist
  • Current County: Montgomery
  • Goal Yearly Income: $149,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

8 Months in the Past, Claudio Attempted Finding a High Risk Loan for $22,000.00, and it was Hard

It is an ongoing struggle for clients to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Claudio. Claudio chose not to get a high risk loan this time. High Risk loans are given to terrible credit borrowers. Individuals with credit scores as low as 371 can inquire for a high risk loan and have a chance to be approved.

Personal Loan for a medical technologist named Claudio in Horsham, Pennsylvania to Pay Off Kohl’s Charge Card

Claudio had a tonne of credit card debt on their Jacksonville Jaguars NFL Extra Points Visa Signature Card and their Bank of Albuquerque Credit Cards, and they were starting to get in over their heads. Despite Claudio’s job as a medical technologist, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Claudio’s Transunion score was changed by the unsecured loan loan, changing to 483 from 495, which is normal in our experience.

Transunion Score: 483

Previous requests on Claudio’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$56820.00 4 7.5% $1373.85 The People’s Bank of Oxford December 7, 2009
$57460.00 10 8.7% $718.58 First Lehigh Bank January 18, 2013
$57410.00 5 7.1% $1139.5 SunBank June 12, 2014
$56640.00 8 6.8% $766.59 Merchants Bank (North) September 8, 2014
$57320.00 10 7.6% $683.39 Green Ridge Bank March 29, 2015

Paraphrased and Standardized Quote from Claudio for this unsecured loan of $84000, provided by Vantage Point Bank

Hi, I am Claudio and I’m from Horsham in Pennsylvania. Montgomery, county is where I grew up, and now I need a unsecured loan in Pennsylvania for $84000 to renovate my home. It wasn’t easy, but Vantage Point Bank really came through for me with this loan for 6.3% interest APR and a term of 10 years. I will repay the loan over the 10 year term, including interest. A big thanks to Vantage Point Bank for giving me a chance and my bad credit. It look me 4 years to build my credit to 495, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Fast Loans for Claudio in Horsham, Pennsylvania to prevent bankruptcy or harm from debt collectors.

Fast loans in Horsham, Pennsylvania aren’t actually that difficult to obtain, especially if you have some finesse like Claudio. Claudio was able to find a fast loan for $84000 from The Fidelity Bank and Summit Hill Trust Company, but turned down both offers in favor of their unsecured loan from Vantage Point Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big difference if a borrower is in a time sensitive situation.

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

Normal debt consolidation loans range from $37,000.00 to $48,000.00. They are typically used to pay off existing high interest loans like credit cards. Claudio required a debt consolidation loan to pay for their existing unsecured loan and their payday loan. Claudio was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.5%.

Claudio’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their medical technologist job and their future job as a paste-up worker

Fico Score: 495

Signature Loan easily acquired in Horsham, Pennsylvania for $84000 with bad credit by Claudio

Most clients struggle with finding signature loans in Horsham, Pennsylvania, and Claudio is no different. Claudio went to 5 lenders or more prior to finding Vantage Point Bank, who offered Claudio a signature loan for $84000. Most signature loans simply require a client, like Claudio’s signature to obtain them, up to $39,000 in some cases. Claudio was able to get $84000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not need collateral, they generally need improved credit, as high as 725

Many previous requests for credit have been made by Claudio in the past, including one from First City Bank and Trust Company in Horsham, Pennsylvania before Claudio was approved for the $84000 by Vantage Point Bank

Claudio made 7 prior attempts to obtain an unsecured loan, 2 of which were with First City Bank and Trust Company, a bank in Horsham, Pennsylvania known to specialize in unsecured loans specifically. Prior to finding Vantage Point Bank, Claudio was concerned due to their inexperience and bad credit rating.

Installment loan for Claudio, a graduate of “University of Arkansas, Fayetteville” and a medical technologist working for over $77,000 per year

Claudio, an alumnus at “University of Arkansas, Fayetteville” and a medical technologist in Horsham, Pennsylvania wants an unsecured loan to purchase a new cell phone. Claudio has instead chosen to get an installment loan for $22,000 and is currently seeking lenders like Industrial Valley Bank and Trust Company to process their request.

Conclusion of Claudio’s unsecured loan

In the end, Claudio was able to find an unsecured loan for $84000 with an interest rate of 8.6% interest APR from Vantage Point Bank in Horsham, Pennsylvania repayable over 10 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.