$138600 No Collateral Loan – Providence Rhode Island, Credit Score Of 543
- Experian: 556 – This individual had a fair Experian rating
- Transunion: 531 – Nestor had a fair credit score with Transunion.
- Equifax: Nestor’s Experian score was 543, which is a fair credit score with the Experian scale.
Before applying for this no collateral loan, Nestor had an Experian score of 556, which is fair, so Fleet Bank (RI), National Association most likely cannot provide Nestor a no collateral loan
Contact Details for Fleet Bank (RI), National Association, the provider of this no collateral loan
- Fleet Bank (RI), National Association
- City: Providence
- State: Rhode Island
- Address: 111 Westminster Street
- County: Providence
- Zip code: 2903
Personal Loan for a brokerage clerk named Nestor in Providence, Rhode Island to Pay Off Synovus Purchase Perks Visa Platinum Credit Card
Nestor had a tonne of credit card debt on their First Niagara Bank Rewards MasterCard and their American State Bank Visa Card, and they were starting to get in over their heads. Despite Nestor’s job as a brokerage clerk, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
7 Months in the Past, Nestor Attempted Finding a High Risk Loan for $42,000.00, and it was Hard
It is an well known struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Nestor. Nestor decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Clients with credit ratings as low as 409 can inquire for a high risk loan and may be be approved.
Installment loan for Nestor, a graduate of University of New Hampshire and a brokerage clerk working for over $67,000 per year
Nestor, an alumnus at University of New Hampshire and a brokerage clerk in Providence, Rhode Island needs a no collateral loan to purchase a car. Nestor has instead chosen to obtain an installment loan for $8,000 and is currently seeking lenders like Eastland Savings Bank to provide it.
When Nestor was 21, they tried to obtain a student loan from 5 alternate banks, which harmed their credit rating. Below is a list of Nestor’s previous attempts at finding a student loan:
- Attempt 1) Loan for $28,000.00 on August 17, 2010
- Attempt 2) Loan for $24,000.00 on November 6, 2008
- Attempt 3) Loan for $36,000.00 on March 12, 2011
- Attempt 4) Loan for $24,000.00 on September 9, 2011
- Attempt 5) Loan for $31,000.00 on November 30, 2010
Previous requests on Nestor’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$72120.00||7||6.5%||$1070.94||The Centreville National Bank of Warwick||July 27, 2013|
|$71570.00||11||9.5%||$875.92||The Newport National Bank||January 28, 2014|
|$71690.00||5||10.4%||$1537.35||Fleet National Bank||June 4, 2015|
|$71560.00||8||8.4%||$1026.23||Fleet National Bank||July 20, 2015|
Signature Loan found in Providence, Rhode Island for $138600 with fair credit by Nestor
Most borrowers struggle with finding signature loans in Providence, Rhode Island, and Nestor is no exception. Nestor went to 6 lending institutions or more before finding Fleet Bank (RI), National Association, who offered Nestor a signature loan for $138600. Typical signature loans simply require a client, like Nestor’s signature to get them, up to $26,000 in some cases. Nestor was able to get $138600 as a no collateral loan, which is very high for a no collateral loan. Since signature loans don’t require collateral, they generally need better credit, as high as 746
Fast Loans for Nestor in Providence, Rhode Island to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Providence, Rhode Island aren’t actually that difficult to obtain, particularly if you have some finesse like Nestor. Nestor was able to find a fast loan for $138600 from Security Bank and Trust Company and Old Stone Savings Bank, but declined both offers in favor of their no collateral loan from Fleet Bank (RI), National Association. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement in the case that you are in a time sensitive situation.
- Full name (Changed if requested): Nestor Fellhauer
- Current Credit: loans.hit.utils.Fico@1218025c
- Current City: Providence
- State: Rhode Island
- Zip code: 2909
- Yearly income: $51,000
- Current Job: brokerage clerk
- Current County: Providence
- Goal Yearly Income: $85,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000
Nestor’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their brokerage clerk job and their future job as an automotive engineer
Nestor was rejected by Old Colony Bank, A FSB 6 times before being approved by Fleet Bank (RI), National Association at 111 Westminster Street
On June 19, 2009, Nestor applied about borrowing $4,000 from Newport County Trust Company with Kiley, their friend from just outside Providence, and even with the co-signer, Nestor was rejected for this no collateral loan. With fair credit, it can be very hard to obtain financing, even with collateral and a co-signer.
Many other requests for credit have been made by Nestor in the past, including one from Bank of Hawaii in Providence, Rhode Island before Nestor was approved for the $138600 by Fleet Bank (RI), National Association
Nestor made 7 prior attempts to obtain a no collateral loan, 2 of which were with Bank of Hawaii, a lending institution in Providence, Rhode Island known to specialize in no collateral loans specifically. Prior to finding Fleet Bank (RI), National Association, Nestor was very concerned due to their inexperience and fair credit rating.
Paraphrased and Standardized Quote from Nestor for this no collateral loan of $138600, provided by Fleet Bank (RI), National Association
Hi, I am Nestor and my hometown is Providence in Rhode Island. Providence, county is where I grew up, and now I need a no collateral loan in Rhode Island for $138600 to buy a big ticket item. It wasn’t easy, but Fleet Bank (RI), National Association really came through for me with this loan for 11.3% interest APR and a term of 12 years. I can probably repay the loan over the 12 year term, including interest. A big thanks to Fleet Bank (RI), National Association for giving me a chance and my fair credit. It look me 7 years to build my credit to 543, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.
Nestor has a disappointing current gross income, but has several of prospects
Nestor has always wanted to be an automotive engineer, but would need attend University of New Hampshire again to achieve it. Nestor has other possibilities as well, including model makers, music teacher, and agricultural equipment operator, which pay $56,000 through to $92,000 per year, on average. Because of this, we believe that Nestor can afford this no collateral loan of $138600.
Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans vary from $23,000.00 to $44,000.00. They are typically used to pay off existing high interest loans like credit cards. Nestor required a debt consolidation loan to pay for their existing no collateral loan and their credit card. Nestor was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your bad, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.1%.
Nestor’s Transunion score was changed by the no collateral loan loan, changing to 531 from 543, which is typical in our experience.
Conclusion of Nestor’s no collateral loan
In the end, Nestor was able to find a no collateral loan for $138600 with an interest rate of 10.1% interest APR from Fleet Bank (RI), National Association in Providence, Rhode Island repayable over 12 years from today.