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Shari Mcferren’s Student Loan For 188000 Dollars In Syracuse New York

$188000 Student Loan – Syracuse New York, Credit Rating Of 820

  • Experian: 832 – This client had an excellent Experian rating
  • Transunion: 802 – Shari had an excellent credit score with Transunion.
  • Equifax: Shari’s Experian score was 820, which is an excellent credit rating on the Experian scale.

Paraphrased and Standardized Quote from Shari for this student loan of $188000, provided by OnBank

Hello, I am Shari and I’m from Syracuse in New York. Onondaga, county is where I grew up, and now I need a student loan in New York for $188000 to buy a car. It wasn’t easy, but OnBank really came through for me with this loan for 8.2% interest APR and a term of 16 years. I will repay the loan over the 16 year term, including interest. A big thanks to OnBank for trusting me and my excellent credit. It look me 6 years to build my credit to 820, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Previous requests on Shari’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$11320.00 7 11.6% $197.42 Bankers Trust Company of Albany, National Association July 8, 2009
$10610.00 8 7.7% $148.38 Montgomery County Trust Company June 4, 2011
$10720.00 4 10.2% $272.92 Bank of Avoca March 17, 2013
$10560.00 3 8.6% $333.84 The State Bank of Belmont July 19, 2014
$11300.00 7 11.1% $194.08 Fleet Bank of New York, National Association February 10, 2015

When Shari was 20, they tried to obtain a student loan from 5 different banks, which harmed their credit score. Below is a chronology of Shari’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on April 14, 2014
  • Attempt 2) Loan for $23,000.00 on November 12, 2012
  • Attempt 3) Loan for $20,000.00 on June 10, 2012
  • Attempt 4) Loan for $33,000.00 on March 3, 2012
  • Attempt 5) Loan for $27,000.00 on March 4, 2009

Contact Details for OnBank, the provider of this student loan

  • OnBank
  • City: Syracuse
  • State: New York
  • Address: 101 South Salina Street
  • County: Onondaga
  • Zip code: 13202

Before applying for this student loan, Shari had an Experian score of 832, which is excellent, so OnBank probably cannot provide Shari a student loan

Experian Score: 832

Shari has a sad current yearly income, but has several of prospects

Shari has always wanted to be a radio & tv newscaster, but would need attend Bethel University again to become one. Shari has other prospects as well, including packaging machine operator, aircraft examiner, and eeg technician/technologist, which pay $58,000 through to $109,000 per year, on average. Because of this, we think that Shari can afford this student loan of $188000.

7 Months Ago, Shari Attempted Finding a High Risk Loan for $40,000.00, and it was Hard

There is an well known struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Shari. Shari chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Individuals with credit ratings as low as 394 can apply for a high risk loan and possibly can be accepted.

Shari’s Overall FICO score at the time of acceptance for a student loan, taking into account their computer software technician job and their future career as a radio & tv newscaster

Fico Score: 820

Fast Loans for Shari in Syracuse, New York to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Syracuse, New York aren’t actually that difficult to obtain, particularly if you have some gumption like Shari. Shari was able to find a fast loan for $188000 from Bank of Avoca and Manufacturers Hanover Trust Company, but declined both offers in favor of their student loan from OnBank. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. Much better if a borrower is in a pinch.

Signature Loan easily acquired in Syracuse, New York for $188000 with excellent credit by Shari

Many clients struggle with obtaining signature loans in Syracuse, New York, and Shari is no different. Shari went to 8 lenders or more prior to finding OnBank, who offered Shari a signature loan for $188000. Typical signature loans simply require a client, like Shari’s signature to get them, up to $38,000 in some cases. Shari was able to get $188000 as a student loan, which is very high for a student loan. Since signature loans do not require a cosigner, these loans tend to need improved credit, as high as 700

Shari’s Transunion score was changed by the student loan loan, changing to 802 from 820, which is normal in our experience.

Transunion Score: 802

Client Profile: Shari Mcferren of Syracuse, New York
  • Full name (Changed if requested): Shari Mcferren
  • Current Credit: loans.hit.utils.Fico@4ee285c6
  • Current City: Syracuse
  • State: New York
  • Zip code: 13210
  • Yearly income: $46,000
  • Current Job: computer software technician
  • Current County: Onondaga
  • Goal Yearly Income: $91,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Shari was rejected by Partners Trust Municipal Bank 5 times prior to being accepted by OnBank at 101 South Salina Street

On September 15, 2011, Shari applied about borrowing $4,000 from HSBC Bank USA with Gertrudis, their in law from just outside Syracuse, and even with the co-signer, Shari was rejected for this student loan. With excellent credit, it can be very hard to procure financing, even with collateral and a co-signer.

Many other requests for credit have been made by Shari in the past, including one from Skagit Bank in Syracuse, New York before Shari was approved for the $188000 by OnBank

Shari made 8 previous attempts to obtain a student loan, 2 of which were with Skagit Bank, a bank in Syracuse, New York known to specialize in student loans specifically. Before finding OnBank, Shari was desperate due to their inexperience and excellent credit score.

Personal Loan for a computer software technician named Shari in Syracuse, New York to Pay Off RBC Business Cash Back MasterCard

Shari had a lot of credit card debt on their MetaBank BuyRIGHT Prepaid MasterCard and their Executive Women’s Golf Association, and they were starting to get in over their heads. Despite Shari’s job as a computer software technician, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Shari, a graduate of Bethel University and a computer software technician working for over $79,000 per year

Shari, an alumnus at Bethel University and a computer software technician in Syracuse, New York wants a student loan to purchase a new cell phone. Shari has instead chosen to obtain an installment loan for $13,000 and is at present seeking lenders like The Cohocton State Bank to process their request.

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans range from $33,000.00 to $50,000.00. They are mainly used to pay off existing high interest loans like credit cards. Shari required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Shari was able to find a student 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 lower interest loan. Debt consolidation loans usually have interest rates as low as 3.5%.

Conclusion of Shari’s student loan

In the end, Shari was able to find a student loan for $188000 with an interest rate of 11.4% interest APR from OnBank in Syracuse, New York repayable over 16 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.