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Low Rate No Collateral Loan For Racquel In Yonkers, New York

$24000 No Collateral Loan – Yonkers New York, Credit Score Of 558

  • Experian: 570 – This client had a fair Experian score
  • Transunion: 546 – Racquel had a fair credit score with Transunion.
  • Equifax: Racquel’s Experian score was 558, which is a fair credit rating with the Experian scale.

Before applying for this no collateral loan, Racquel had an Experian score of 570, which is fair, so Hudson Valley Bank, National Association most likely can provide Racquel a no collateral loan

Experian Score: 570

Previous requests on Racquel’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$25300.00 9 8.5% $335.97 Bankers Trust Company of Albany, National Association July 10, 2009
$25220.00 7 8.5% $399.4 Montgomery County Trust Company January 2, 2013
$25250.00 8 9.7% $379.15 Bank of Avoca April 22, 2013
$25380.00 4 7.2% $610.11 The State Bank of Belmont May 27, 2013

Fast Loans for Racquel in Yonkers, New York to prevent bankruptcy or harm from debt collectors.

Fast loans in Yonkers, New York aren’t actually that difficult to obtain, particularly if you have some gumption like Racquel. Racquel was able to find a fast loan for $24000 from IBJ Whitehall Bank & Trust Company and Morgan Guaranty Trust Company of New York, but declined both offers in favor of their no collateral loan from Hudson Valley Bank, National Association. 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. A big difference if a borrower is in a time sensitive situation.

Racquel’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their computer hardware technician job and their future career as an aeronautical & aerospace engineer

Fico Score: 558

9 Months Ago, Racquel Tried Finding a High Risk Loan for $39,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for clients to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Racquel. Racquel decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Borrowers with credit ratings as low as 462 can apply for a high risk loan and have a chance to be approved.

Contact Details for Hudson Valley Bank, National Association, the provider of this no collateral loan

  • Hudson Valley Bank, National Association
  • City: Yonkers
  • State: New York
  • Address: 21 Scarsdale Road
  • County: Westchester
  • Zip code: 10707

Several other requests for credit have been made by Racquel in the past, including one from Miami Valley Bank of Southwest Ohio in Yonkers, New York before Racquel was accepted for the $24000 by Hudson Valley Bank, National Association

Racquel made 8 previous tries to obtain a no collateral loan, 2 of which were with Miami Valley Bank of Southwest Ohio, a lender in Yonkers, New York known to specialize in no collateral loans specifically. Prior to finding Hudson Valley Bank, National Association, Racquel was very concerned due to their inexperience and fair credit score.

Racquel was rejected by The Bank of New York Mellon 6 times prior to being granted funding by Hudson Valley Bank, National Association at 21 Scarsdale Road

On October 19, 2010, Racquel applied about borrowing $27,000 from American Bank & Trust Company with Serafina, their in law from just outside Yonkers, and even with the co-signer, Racquel was rejected for this no collateral loan. With fair credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Signature Loan acquired in Yonkers, New York for $24000 with fair credit by Racquel

A lot of clients have difficulty with obtaining signature loans in Yonkers, New York, and Racquel is no exception. Racquel went to 4 lenders or more before finding Hudson Valley Bank, National Association, who offered Racquel a signature loan for $24000. Typical signature loans simply require a client, like Racquel’s signature to obtain them, up to $35,000 in some cases. Racquel was able to get $24000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans don’t require a cosigner, they tend to need improved credit, as high as 774

Client Profile: Racquel Forcum of Yonkers, New York
  • Full name (Changed if requested): Racquel Forcum
  • Current Credit: loans.hit.utils.Fico@736e9adb
  • Current City: Yonkers
  • State: New York
  • Zip code: 10713
  • Yearly income: $61,000
  • Current Job: computer hardware technician
  • Current County: Westchester
  • Goal Yearly Income: $130,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Installment loan for Racquel, a graduate of FastTrain College – Tampa and a computer hardware technician working for over $69,000 per year

Racquel, an alumnus at FastTrain College – Tampa and a computer hardware technician in Yonkers, New York needs a no collateral loan to purchase a new cell phone. Racquel has instead decided to get an installment loan for $11,000 and is currently seeking lenders like The Bank of New York to provide it.

When Racquel was 23, they tried to obtain a student loan from 5 different banks, which damaged their credit score. Below is a list of Racquel’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on January 18, 2010
  • Attempt 2) Loan for $20,000.00 on September 11, 2009
  • Attempt 3) Loan for $26,000.00 on June 12, 2009
  • Attempt 4) Loan for $38,000.00 on February 1, 2009
  • Attempt 5) Loan for $38,000.00 on November 9, 2008

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $28,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Racquel required a debt consolidation loan to pay for their existing no collateral loan and their payday loan. Racquel was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.2%.

Racquel has a very low current gross income, but has several of prospects

Racquel has always wanted to be an aeronautical & aerospace engineer, but would need attend FastTrain College – Tampa again to become one. Racquel has other prospects as well, including glass blower, systems analyst, and foreign exchange trader, which pay $59,000 through to $93,000 per year, on average. Because of this, we believe that Racquel can afford this no collateral loan of $24000.

Racquel’s Transunion score was changed by the no collateral loan loan, changing to 546 from 558, which is normal in our experience.

Transunion Score: 546

Personal Loan for a computer hardware technician named Racquel in Yonkers, New York to Pay Off PartnersFirst Rewards Visa Credit Card

Racquel had a tonne of credit card debt on their USAA Cash Rewards American Express and their Nationwide Bank Visa Credit Card, and they were starting to get in over their heads. Despite Racquel’s job as a computer hardware technician, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Racquel for this no collateral loan of $24000, provided by Hudson Valley Bank, National Association

Hello, I am Racquel and I’m from Yonkers in New York. Westchester, county is where I grew up, and now I need a no collateral loan in New York for $24000 to pay bills. It wasn’t easy, but Hudson Valley Bank, National Association really came through for me with this loan for 11.4% interest APR and a term of 5 years. I will repay the loan over the 5 year term, including interest. A big thanks to Hudson Valley Bank, National Association for trusting me and my fair credit. It look me 7 years to build my credit to 558, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.

Conclusion of Racquel’s no collateral loan

In the end, Racquel was able to find a no collateral loan for $24000 with an interest rate of 5.3% interest APR from Hudson Valley Bank, National Association in Yonkers, New York repayable over 5 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.