$15000 Debt Consolidation Loan – Ridgefield Connecticut, Credit Rating Of 522
- Experian: 538 – The client had a fair Experian score
- Transunion: 504 – Laurinda had a fair credit rating with Transunion.
- Equifax: Laurinda’s Experian score was 522, which is a fair credit score using the Experian rating scheme.
Paraphrased and Standardized Quote from Laurinda for this debt consolidation loan of $15000, provided by The Village Bank & Trust Company
Hi, I am Laurinda and I am from Ridgefield in Connecticut. Fairfield, county is where I grew up, and now I need a debt consolidation loan in Connecticut for $15000 to avoid bankruptcy. It has been difficult, but The Village Bank & Trust Company really came through for me with this loan for 6.7% interest APR and a term of 20 years. I will repay the loan over the 20 year term, including interest. A big thanks to The Village Bank & Trust Company for trusting me and my fair credit. It look me 7 years to create my credit to 522, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.
Many other requests for credit have been made by Laurinda in the past, including one from The Berea National Bank in Ridgefield, Connecticut before Laurinda was accepted for the $15000 by The Village Bank & Trust Company
Laurinda made 7 previous attempts to obtain a debt consolidation loan, 2 of which were with The Berea National Bank, a lending institution in Ridgefield, Connecticut known to specialize in debt consolidation loans specifically. Before finding The Village Bank & Trust Company, Laurinda was very concerned due to their inexperience and fair credit rating.
Previous requests on Laurinda’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$143530.00||10||10.3%||$1920.68||Colonial Bank of Waterbury||May 16, 2010|
|$143780.00||8||6.3%||$1910.55||The Canaan National Bank||April 4, 2013|
|$144360.00||4||8.1%||$3531.03||The Clinton National Bank||January 2, 2015|
|$143770.00||7||8.1%||$2248.0||Deep River Bank and Trust Company||March 2, 2015|
Laurinda has a low current yearly income, but has several of prospects
Laurinda has always wanted to be a logging worker supervisor, but would need attend Saint Francis University again to become one. Laurinda has other prospects as well, including social worker, radio & tv producer, and recreational vehicle mechanic, which pay $52,000 through to $90,000 per year, on average. For this reason, we think that Laurinda can pay for this debt consolidation loan of $15000.
When Laurinda was 18, they tried to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a chronology of Laurinda’s prior attempts at finding a student loan:
- Attempt 1) Loan for $30,000.00 on July 17, 2009
- Attempt 2) Loan for $33,000.00 on July 16, 2011
- Attempt 3) Loan for $28,000.00 on December 23, 2008
- Attempt 4) Loan for $37,000.00 on June 9, 2010
- Attempt 5) Loan for $22,000.00 on November 17, 2011
- Attempt 6) Loan for $22,000.00 on October 6, 2010
Fast Loans for Laurinda in Ridgefield, Connecticut to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Ridgefield, Connecticut aren’t actually that difficult to obtain, particularly if you have some gumption like Laurinda. Laurinda was able to find a fast loan for $15000 from The Guaranty Bank and Trust Company and The Clinton National Bank, but turned down both offers in favor of their debt consolidation loan from The Village Bank & Trust Company. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. An improvement in the case that a client is in a pinch.
Contact Details for The Village Bank & Trust Company, the provider of this debt consolidation loan
- The Village Bank & Trust Company
- City: Ridgefield
- State: Connecticut
- Address: 25 Prospect Street
- County: Fairfield
- Zip code: 6877
- Full name (Changed if requested): Laurinda Kuruvilla
- Current Credit: loans.hit.utils.Fico@3d646c37
- Current City: Ridgefield
- State: Connecticut
- Zip code: 6878
- Yearly income: $52,000
- Current Job: baker
- Current County: Fairfield
- Goal Yearly Income: $97,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Laurinda’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their baker job and their future career as a logging worker supervisor
Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans vary from $31,000.00 to $43,000.00. They are normally used to pay off existing high interest loans like credit cards. Laurinda required a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Laurinda was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.4%.
Laurinda’s Transunion score was changed by the debt consolidation loan loan, changing to 504 from 522, which is typical in our experience.
Installment loan for Laurinda, a graduate of Saint Francis University and a baker working for over $60,000 per year
Laurinda, an alumnus at Saint Francis University and a baker in Ridgefield, Connecticut needs a debt consolidation loan to purchase a new cell phone. Laurinda has instead decided to obtain an installment loan for $26,000 and is at present seeking lenders like The Guaranty Bank and Trust Company to process their request.
Before applying for this debt consolidation loan, Laurinda had an Experian score of 538, which is fair, so The Village Bank & Trust Company probably cannot provide Laurinda a debt consolidation loan
Signature Loan acquired in Ridgefield, Connecticut for $15000 with fair credit by Laurinda
Many clients struggle with finding signature loans in Ridgefield, Connecticut, and Laurinda is no different. Laurinda went to 8 lending institutions or more prior to finding The Village Bank & Trust Company, who offered Laurinda a signature loan for $15000. Typical signature loans simply require a client, like Laurinda’s signature to get them, up to $27,000 in some cases. Laurinda was able to get $15000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans don’t require a cosigner, these loans generally require better credit, as high as 711
Laurinda was declined by Shawmut Fidelity Bank 4 times prior to being accepted by The Village Bank & Trust Company at 25 Prospect Street
On June 8, 2010, Laurinda applied about borrowing $48,000 from The Seymour Trust Company with Bettie, their friend from just outside Ridgefield, and even with the co-signer, Laurinda was rejected for this debt consolidation loan. With fair credit, it can be difficult to obtain financing, even with collateral and a co-signer.
9 Months in the Past, Laurinda Attempted Finding a High Risk Loan for $35,000.00, but They Didn’t Find What They were Expecting
There is an well known struggle for clients to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Laurinda. Laurinda chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Individuals with credit scores as low as 379 can apply for a high risk loan and may be be approved.
Personal Loan for a baker named Laurinda in Ridgefield, Connecticut to Pay Off Pancreatic Cancer Action Network Visa Card
Laurinda had a tonne of credit card debt on their Sams Club Mastercard and their LensCrafters Credit Card, and they were starting to get in over their heads. Despite Laurinda’s job as a baker, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Conclusion of Laurinda’s debt consolidation loan
In the end, Laurinda was able to find a debt consolidation loan for $15000 with an interest rate of 5.1% interest APR from The Village Bank & Trust Company in Ridgefield, Connecticut repayable over 20 years from today.