$16000 Debt Consolidation Loan – New York City New York, Credit Score Of 383
- Experian: 394 – This individual had a terrible Experian rating
- Transunion: 365 – Kasey had a terrible credit rating with Transunion.
- Equifax: Kasey’s Experian score was 383, which is a terrible credit score on the Experian rating scheme.
7 Months Ago, Kasey Attempted Finding a High Risk Loan for $27,000.00, but They Didn’t Find What They were Expecting
There is an well known struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Kasey. Kasey chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Borrowers with credit scores as low as 500 can apply for a high risk loan and possibly can be approved.
Personal Loan for a sawing machine operator named Kasey in New York City, New York to Pay Off American Legion Platinum Edition Visa
Kasey had a lot of credit card debt on their ReDirect Guide Visa and their HSBC Platinum MasterCard, and they were starting to get in over their heads. Despite Kasey’s job as a sawing machine operator, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Signature Loan acquired in New York City, New York for $16000 with terrible credit by Kasey
Many clients struggle with obtaining signature loans in New York City, New York, and Kasey is no different. Kasey went to 4 lending institutions or more prior to finding American Savings Bank, who offered Kasey a signature loan for $16000. Most signature loans simply need a client, like Kasey’s signature to get them, up to $43,000 in some cases. Kasey was able to get $16000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans do not need collateral, they tend to require better credit, as high as 794
Fast Loans for Kasey in New York City, New York to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in New York City, New York aren’t actually that difficult to obtain, particularly if you have some finesse like Kasey. Kasey was able to find a fast loan for $16000 from Bank of Millbrook and Morgan Guaranty Trust Company of New York, but turned down both offers in favor of their debt consolidation loan from American Savings Bank. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better in the case that a client is on the go.
Kasey was declined by Long Island Trust Company, National Association 5 times before being approved by American Savings Bank at 335 Broadway
On March 12, 2011, Kasey inquired about borrowing $49,000 from Kingston Trust Company with Roxanne, their friend from just outside New York City, and even with the co-signer, Kasey was rejected for this debt consolidation loan. With terrible credit, it can be a challenge to procure financing, even with collateral and a co-signer.
Contact Details for American Savings Bank, the provider of this debt consolidation loan
- American Savings Bank
- City: New York City
- State: New York
- Address: 335 Broadway
- County: New York
- Zip code: 10013
Installment loan for Kasey, a graduate of Cloud County Community College and a sawing machine operator working for over $77,000 per year
Kasey, an alumnus at Cloud County Community College and a sawing machine operator in New York City, New York wants a debt consolidation loan to purchase something frivolous. Kasey has instead decided to obtain an installment loan for $7,000 and is currently seeking lenders like Trade Bank and Trust Company to provide it.
Before applying for this debt consolidation loan, Kasey had an Experian score of 394, which is terrible, so American Savings Bank probably cannot provide Kasey a debt consolidation loan
- Full name (Changed if requested): Kasey Sagastume
- Current Credit: loans.hit.utils.Fico@27abe2cd
- Current City: New York City
- State: New York
- Zip code: 10017
- Yearly income: $59,000
- Current Job: sawing machine operator
- Current County: New York
- Goal Yearly Income: $145,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
When Kasey was 22, they attempted to obtain a student loan from 7 different banks, which damaged their credit rating. Below is a list of Kasey’s previous attempts at finding a student loan:
- Attempt 1) Loan for $24,000.00 on June 19, 2010
- Attempt 2) Loan for $35,000.00 on November 13, 2009
- Attempt 3) Loan for $23,000.00 on January 15, 2010
- Attempt 4) Loan for $32,000.00 on August 5, 2011
- Attempt 5) Loan for $33,000.00 on January 21, 2010
- Attempt 6) Loan for $38,000.00 on June 4, 2011
- Attempt 7) Loan for $20,000.00 on March 26, 2013
Kasey has a low current total income, but has several of prospects
Kasey has always wanted to be a computer science professor, but would have to attend Cloud County Community College again to become one. Kasey has other prospects as well, including horticulture therapist, computer controlled machine tool operator, and package designer, which pay $57,000 through to $107,000 per year, at least. Because of this, we believe that Kasey can afford this debt consolidation loan of $16000.
Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans vary from $22,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Kasey required a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Kasey 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 less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 3.2%.
Many other requests for credit have been made by Kasey in the past, including one from Mesa National Bank in New York City, New York before Kasey was approved for the $16000 by American Savings Bank
Kasey made 9 previous attempts to obtain a debt consolidation loan, 2 of which were with Mesa National Bank, a bank in New York City, New York known to specialize in debt consolidation loans specifically. Before finding American Savings Bank, Kasey was very concerned due to their inexperience and terrible credit rating.
Paraphrased and Standardized Quote from Kasey for this debt consolidation loan of $16000, provided by American Savings Bank
Hi, I am Kasey and my hometown is New York City in New York. New York, county is where I grew up, and now I need a debt consolidation loan in New York for $16000 to avoid bankruptcy. It wasn’t easy, but American Savings Bank really came through for me with this loan for 11.1% interest APR and a term of 21 years. I can repay the loan over the 21 year term, including interest. A big thanks to American Savings Bank for trusting me and my terrible credit. It look me 5 years to build my credit to 383, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.
Kasey’s Transunion score was changed by the debt consolidation loan loan, changing to 365 from 383, which is typical in our experience.
Kasey’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their sawing machine operator job and their future job as a computer science professor
Previous requests on Kasey’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$122530.00||8||9.3%||$1814.22||Bankers Trust Company of Albany, National Association||January 31, 2012|
|$123150.00||6||11.7%||$2388.44||Montgomery County Trust Company||December 6, 2012|
|$123290.00||4||5.5%||$2867.29||Bank of Avoca||March 25, 2014|
|$122800.00||5||11.7%||$2713.04||The State Bank of Belmont||May 15, 2014|
|$122900.00||11||7.2%||$1350.58||Fleet Bank of New York, National Association||October 29, 2014|
Conclusion of Kasey’s debt consolidation loan
In the end, Kasey was able to find a debt consolidation loan for $16000 with an interest rate of 9.2% interest APR from American Savings Bank in New York City, New York repayable over 21 years from today.