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Helga Needed A Consolidation Loan For $52000, Farmington, New Mexico

$52000 Consolidation Loan – Farmington New Mexico, Credit Rating Of 590

  • Experian: 605 – They had a fair Experian score
  • Transunion: 571 – Helga had a fair credit score with Transunion.
  • Equifax: Helga’s Experian score was 590, which is a fair credit rating using the Experian system.

Helga was declined by The American National Bank of Silver City 6 times prior to being accepted by FirstBank, Farmington, New Mexico at 320 West Main Street

On December 14, 2013, Helga applied about borrowing $34,000 from First National Bank of Clovis with Barbie, their in law from just outside Farmington, and even with the co-signer, Helga was rejected for this consolidation loan. With fair credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Helga’s Transunion score was changed by the consolidation loan loan, changing to 571 from 590, which is normal in our experience.

Transunion Score: 571

When Helga was 19, they attempted to obtain a student loan from 7 different banks, which damaged their credit score. Below is a chronology of Helga’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $35,000.00 on March 19, 2012
  • Attempt 2) Loan for $34,000.00 on September 16, 2013
  • Attempt 3) Loan for $33,000.00 on November 10, 2012
  • Attempt 4) Loan for $20,000.00 on May 15, 2013
  • Attempt 5) Loan for $21,000.00 on April 7, 2014
  • Attempt 6) Loan for $29,000.00 on August 12, 2013
  • Attempt 7) Loan for $27,000.00 on February 3, 2013

Personal Loan for an office supervisor named Helga in Farmington, New Mexico to Pay Off Arvest Premier Visa Purchasing Card

Helga had a tonne of credit card debt on their People’s United Bank Platinum MasterCard and their RBC Cathay Pacific Visa Platinum, and they were starting to get in over their heads. Despite Helga’s job as an office supervisor, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Several previous requests for credit have been made by Helga in the past, including one from Bank of Boston-Western Massachusetts, National Association in Farmington, New Mexico before Helga was approved for the $52000 by FirstBank, Farmington, New Mexico

Helga made 6 previous tries to obtain a consolidation loan, 2 of which were with Bank of Boston-Western Massachusetts, National Association, a lender in Farmington, New Mexico known to specialize in consolidation loans specifically. Prior to finding FirstBank, Farmington, New Mexico, Helga was desperate due to their inexperience and fair credit rating.

6 Months in the Past, Helga Tried Finding a High Risk Loan for $25,000.00, and it was Hard

It is an well known struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Helga. Helga decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Borrowers with credit scores as low as 570 can inquire for a high risk loan and may be be accepted.

Contact Details for FirstBank, Farmington, New Mexico, the provider of this consolidation loan

  • FirstBank, Farmington, New Mexico
  • City: Farmington
  • State: New Mexico
  • Address: 320 West Main Street
  • County: San Juan
  • Zip code: 87401

Previous requests on Helga’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$139290.00 7 8.1% $2177.95 The Citizens Bank April 17, 2013
$138750.00 10 9.6% $1803.0 United New Mexico Bank at Mimbres Valley May 3, 2013
$138880.00 5 6.1% $2691.4 First Security Bank of New Mexico, National Association July 20, 2014
$139110.00 7 7.4% $2126.85 SUNWEST Bank of Albuquerque, National Association August 25, 2014

Paraphrased and Standardized Quote from Helga for this consolidation loan of $52000, provided by FirstBank, Farmington, New Mexico

Hi, I am Helga and I am from Farmington in New Mexico. San Juan, county is where I grew up, and now I need a consolidation loan in New Mexico for $52000 to buy a big ticket item. It has been difficult, but FirstBank, Farmington, New Mexico really came through for me with this loan for 10.0% interest APR and a term of 20 years. I can repay the loan over the 20 year term, including interest. A big thanks to FirstBank, Farmington, New Mexico for giving me a chance and my fair credit. It look me 6 years to build my credit to 590, and I won’t tarnish it any more. I am pleased with Find Texas Loans for assisting me this far.

Fast Loans for Helga in Farmington, New Mexico to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Farmington, New Mexico aren’t actually that difficult to obtain, particularly if you have some gumption like Helga. Helga was able to find a fast loan for $52000 from United New Mexico Bank at Roswell, National Association and Bank of the Southwest, but turned down both offers in favor of their consolidation loan from FirstBank, Farmington, New Mexico. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better if a borrower is on the go.

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

Normal debt consolidation loans vary from $31,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Helga required a debt consolidation loan to pay for their existing consolidation loan and their credit card. Helga was able to find a consolidation 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 reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.6%.

Before applying for this consolidation loan, Helga had an Experian score of 605, which is fair, so FirstBank, Farmington, New Mexico most likely cannot provide Helga a consolidation loan

Experian Score: 605

Installment loan for Helga, a graduate of University of the Pacific and an office supervisor working for over $66,000 per year

Helga, an alumnus at University of the Pacific and an office supervisor in Farmington, New Mexico needs a consolidation loan to purchase something frivolous. Helga has instead decided to obtain an installment loan for $8,000 and is at present seeking lenders like The American National Bank of Silver City to provide it.

Helga’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their office supervisor job and their future career as a private nurse

Fico Score: 590

Helga has a low current total income, but has several of prospects

Helga has always wanted to be a private nurse, but would have to attend University of the Pacific again to become one. Helga has other possibilities as well, including library technician, sales representative, and student admissions administrator, which pay $55,000 through to $90,000 per year, on average. Because of this, we think that Helga can afford this consolidation loan of $52000.

Client Profile: Helga Derosso of Farmington, New Mexico
  • Full name (Changed if requested): Helga Derosso
  • Current Credit: loans.hit.utils.Fico@7a4f0f29
  • Current City: Farmington
  • State: New Mexico
  • Zip code: 87402
  • Yearly income: $40,000
  • Current Job: office supervisor
  • Current County: San Juan
  • Goal Yearly Income: $116,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Signature Loan found in Farmington, New Mexico for $52000 with fair credit by Helga

A lot of borrowers have difficulty with obtaining signature loans in Farmington, New Mexico, and Helga is the same. Helga went to 5 lending institutions or more prior to finding FirstBank, Farmington, New Mexico, who offered Helga a signature loan for $52000. Most signature loans simply require a client, like Helga’s signature to get them, up to $44,000 in some cases. Helga was able to get $52000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not need collateral, these loans generally need improved credit, as high as 722

Conclusion of Helga’s consolidation loan

In the end, Helga was able to find a consolidation loan for $52000 with an interest rate of 10.6% interest APR from FirstBank, Farmington, New Mexico in Farmington, New Mexico repayable over 20 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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