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6 Month, Variable Interest Debt Consolidation Loan For Ileen In Massachusetts

$24000 Debt Consolidation Loan – Adams Massachusetts, Credit Score Of 304

  • Experian: 316 – They had a terrible Experian score
  • Transunion: 291 – Ileen had a terrible credit score with Transunion.
  • Equifax: Ileen’s Experian score was 304, which is a terrible credit score on the Experian system.

Contact Details for Adams Community Bank, the provider of this debt consolidation loan

  • Adams Community Bank
  • City: Adams
  • State: Massachusetts
  • Address: 2 Center Street
  • County: Berkshire
  • Zip code: 1220
Client Profile: Ileen Junod of Adams, Massachusetts
  • Full name (Changed if requested): Ileen Junod
  • Current Credit: loans.hit.utils.Fico@2e5d6d97
  • Current City: Adams
  • State: Massachusetts
  • Zip code: 1223
  • Yearly income: $62,000
  • Current Job: emergency management specialist
  • Current County: Berkshire
  • Goal Yearly Income: $98,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Installment loan for Ileen, a graduate of Allegany College of Maryland and an emergency management specialist working for over $62,000 per year

Ileen, an alumnus at Allegany College of Maryland and an emergency management specialist in Adams, Massachusetts needs a debt consolidation loan to purchase a new cell phone. Ileen has instead decided to obtain an installment loan for $1,000 and is at present seeking lenders like Eastern Bank and Trust Company to process their request.

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

Fast loans in Adams, Massachusetts aren’t actually that difficult to obtain, especially if you have some finesse like Ileen. Ileen was able to find a fast loan for $24000 from The Conway National Bank and First Bristol County National Bank, but declined both offers in favor of their debt consolidation loan from Adams Community Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big improvement if a borrower is in a time sensitive situation.

Before applying for this debt consolidation loan, Ileen had an Experian score of 316, which is terrible, so Adams Community Bank probably cannot provide Ileen a debt consolidation loan

Experian Score: 316

Ileen has a low current gross income, but has a high number of prospects

Ileen has always wanted to be a photoengravers, but would need attend Allegany College of Maryland again to become one. Ileen has other possibilities as well, including plant breeder, communications professor, and mechanical drafter, which pay $51,000 through to $103,000 per year, at least. Because of this, we believe that Ileen can afford this debt consolidation loan of $24000.

9 Months in the Past, Ileen Attempted Finding a High Risk Loan for $38,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Ileen. Ileen decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit clients. Borrowers with credit ratings as low as 488 can apply for a high risk loan and have a chance to be accepted.

Several previous requests for credit have been made by Ileen in the past, including one from The North American Bank & Trust Company in Adams, Massachusetts before Ileen was accepted for the $24000 by Adams Community Bank

Ileen made 4 previous tries to obtain a debt consolidation loan, 2 of which were with The North American Bank & Trust Company, a bank in Adams, Massachusetts known to specialize in debt consolidation loans specifically. Prior to finding Adams Community Bank, Ileen was very concerned due to their inexperience and terrible credit rating.

When Ileen was 23, they attempted to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a chronology of Ileen’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on July 24, 2009
  • Attempt 2) Loan for $36,000.00 on January 28, 2012
  • Attempt 3) Loan for $35,000.00 on November 27, 2012
  • Attempt 4) Loan for $25,000.00 on February 16, 2009
  • Attempt 5) Loan for $22,000.00 on April 29, 2010
  • Attempt 6) Loan for $25,000.00 on July 23, 2009

Ileen’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their emergency management specialist job and their future job as a photoengravers

Fico Score: 304

Signature Loan acquired in Adams, Massachusetts for $24000 with terrible credit by Ileen

Many prospective borrowers have difficulty with finding signature loans in Adams, Massachusetts, and Ileen is not an exception. Ileen went to 8 lending institutions or more prior to finding Adams Community Bank, who offered Ileen a signature loan for $24000. Most signature loans simply require a client, like Ileen’s signature to obtain them, up to $46,000 in some cases. Ileen was able to get $24000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans do not need a cosigner, they tend to require higher credit, as high as 701

Personal Loan for an emergency management specialist named Ileen in Adams, Massachusetts to Pay Off NFL Extra Points

Ileen had a tonne of credit card debt on their Mio Prepaid Credit Card and their Tompkins Trust Company Visa Business Bonus Rewards Card, and they were starting to get in over their heads. Despite Ileen’s job as an emergency management specialist, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Ileen for this debt consolidation loan of $24000, provided by Adams Community Bank

Hi, I am Ileen and I am from Adams in Massachusetts. Berkshire, county is where I grew up, and now I need a debt consolidation loan in Massachusetts for $24000 to buy a big ticket item. It has been difficult, but Adams Community Bank really came through for me with this loan for 5.1% interest APR and a term of 6 years. I will repay the loan over the 6 year term, including interest. A big thanks to Adams Community Bank for trusting me and my terrible credit. It look me 5 years to create my credit to 304, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans range from $34,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Ileen needed a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Ileen was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.2%.

Ileen’s Transunion score was altered by the debt consolidation loan loan, changing to 291 from 304, which is typical in our experience.

Transunion Score: 291

Ileen was rejected by Northeast National Bank 4 times before being approved by Adams Community Bank at 2 Center Street

On November 18, 2008, Ileen applied about borrowing $35,000 from Attleboro Trust Company with Demetria, their in law from just outside Adams, and even with the co-signer, Ileen was rejected for this debt consolidation loan. With terrible credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Previous requests on Ileen’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$111840.00 5 5.8% $2151.79 State Street Bank and Trust Company June 3, 2012
$112260.00 7 8.5% $1777.8 United States Trust Company February 27, 2014
$111710.00 5 11.7% $2468.03 BayBank Harvard Trust Company January 4, 2015
$111790.00 7 10.2% $1867.42 Durfee Attleboro Bank April 29, 2015
$112240.00 11 5.4% $1129.56 Bank of New England – North Shore June 3, 2015

Conclusion of Ileen’s debt consolidation loan

In the end, Ileen was able to find a debt consolidation loan for $24000 with an interest rate of 5.3% interest APR from Adams Community Bank in Adams, 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.

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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.