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Elana Needed A Student Loan For $12000, Taunton, Massachusetts

$12000 Student Loan – Taunton Massachusetts, Credit Score Of 542

  • Experian: 552 – The client had a fair Experian rating
  • Transunion: 528 – Elana had a fair credit score with Transunion.
  • Equifax: Elana’s Experian score was 542, which is a fair credit score with the Experian scale.

6 Months in the Past, Elana Tried to Find a High Risk Loan for $27,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Elana. Elana decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Borrowers with credit ratings as low as 428 can inquire for a high risk loan and have a chance to be approved.

Elana’s Overall FICO score at the time of acceptance for a student loan, taking into account their air traffic controller job and their future career as a surgeon

Fico Score: 542

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

Elana has always wanted to be a surgeon, but would need attend University of Wyoming again to achieve it. Elana has other prospects as well, including hospital nurse, career counselor, and airline flight operations administrator, which pay $53,000 through to $96,000 per year, on average. Because of this, we believe that Elana can pay for this student loan of $12000.

Elana’s Transunion score was changed by the student loan loan, changing to 528 from 542, which is typical in our experience.

Transunion Score: 528

When Elana was 19, they attempted to obtain a student loan from 5 different lenders, which harmed their credit rating. Below is a chronology of Elana’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on March 31, 2013
  • Attempt 2) Loan for $24,000.00 on March 29, 2013
  • Attempt 3) Loan for $34,000.00 on August 26, 2009
  • Attempt 4) Loan for $33,000.00 on February 5, 2012
  • Attempt 5) Loan for $34,000.00 on July 18, 2012

Personal Loan for an air traffic controller named Elana in Taunton, Massachusetts to Pay Off Toyota Rewards Visa Platinum

Elana had a lot of credit card debt on their Office Depot Business Credit Card and their Lanpass Visa Secured Card, and they were starting to get in over their heads. Despite Elana’s job as an air traffic controller, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Elana for this student loan of $12000, provided by The First-Machinists National Bank of Taunton

Hello, I am Elana and I’m from Taunton in Massachusetts. Bristol, county is where I grew up, and now I need a student loan in Massachusetts for $12000 to pay bills. It has been difficult, but The First-Machinists National Bank of Taunton really came through for me with this loan for 8.5% interest APR and a term of 13 years. I will repay the loan over the 13 year term, including interest. A big thanks to The First-Machinists National Bank of Taunton for giving me a chance and my fair credit. It look me 4 years to create my credit to 542, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Elana was rejected by Eastern Bank and Trust Company 7 times prior to being granted funding by The First-Machinists National Bank of Taunton at 66 Main Street

On January 29, 2011, Elana inquired about borrowing $44,000 from Bank of New England – Ware with Assunta, their in law from just outside Taunton, and even with the co-signer, Elana was rejected for this student loan. With fair credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Client Profile: Elana Toyn of Taunton, Massachusetts
  • Full name (Changed if requested): Elana Toyn
  • Current Credit: loans.hit.utils.Fico@2dda6444
  • Current City: Taunton
  • State: Massachusetts
  • Zip code: 2784
  • Yearly income: $47,000
  • Current Job: air traffic controller
  • Current County: Bristol
  • Goal Yearly Income: $86,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Installment loan for Elana, a graduate of University of Wyoming and an air traffic controller working for over $63,000 per year

Elana, an alumnus at University of Wyoming and an air traffic controller in Taunton, Massachusetts wants a student loan to purchase something frivolous. Elana has instead chosen to get an installment loan for $24,000 and is currently seeking lenders like BayBank First Easthampton, N.A. to provide it.

Signature Loan found in Taunton, Massachusetts for $12000 with fair credit by Elana

A lot of clients struggle with finding signature loans in Taunton, Massachusetts, and Elana is no exception. Elana went to 4 lenders or more prior to settling on The First-Machinists National Bank of Taunton, who offered Elana a signature loan for $12000. Most signature loans simply need a client, like Elana’s signature to get them, up to $28,000 in some cases. Elana was able to get $12000 as a student loan, which is very high for a student loan. Because signature loans don’t need collateral, they generally require higher credit, as high as 732

Previous requests on Elana’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$13250.00 3 6.2% $404.29 State Street Bank and Trust Company September 9, 2012
$12780.00 11 9.7% $157.84 United States Trust Company February 12, 2014
$13330.00 11 6.2% $139.56 BayBank Harvard Trust Company May 28, 2014
$12520.00 8 7.4% $173.2 Durfee Attleboro Bank February 12, 2015

Fast Loans for Elana in Taunton, Massachusetts to prevent bankruptcy or harm from debt collectors.

Fast loans in Taunton, Massachusetts aren’t actually that difficult to obtain, especially if you have some gumption like Elana. Elana was able to find a fast loan for $12000 from Bank of New England – Worcester County, National Association and Shawmut Bank of Franklin County, but declined both offers in favor of their student loan from The First-Machinists National Bank of Taunton. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big improvement if a client is in a pinch.

Before applying for this student loan, Elana had an Experian score of 552, which is fair, so The First-Machinists National Bank of Taunton most likely cannot provide Elana a student loan

Experian Score: 552

Contact Details for The First-Machinists National Bank of Taunton, the provider of this student loan

  • The First-Machinists National Bank of Taunton
  • City: Taunton
  • State: Massachusetts
  • Address: 66 Main Street
  • County: Bristol
  • Zip code: 2781

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $39,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Elana needed a debt consolidation loan to pay for their existing student loan and their credit card. Elana was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.4%.

Multiple past requests for credit have been made by Elana in the past, including one from National City Bank of Baltimore in Taunton, Massachusetts before Elana was accepted for the $12000 by The First-Machinists National Bank of Taunton

Elana made 5 previous tries to obtain a student loan, 2 of which were with National City Bank of Baltimore, a bank in Taunton, Massachusetts known to specialize in student loans specifically. Prior to finding The First-Machinists National Bank of Taunton, Elana was desperate due to their inexperience and fair credit rating.

Conclusion of Elana’s student loan

In the end, Elana was able to find a student loan for $12000 with an interest rate of 5.0% interest APR from The First-Machinists National Bank of Taunton in Taunton, Massachusetts repayable over 13 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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