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$120000 Direct Loan With Bad Credit In Jericho New York

$120000 Direct Loan – Jericho New York, Credit Score Of 425

  • Experian: 437 – They had a bad Experian rating
  • Transunion: 412 – Lynnette had a bad credit rating with Transunion.
  • Equifax: Lynnette’s Experian score was 425, which is a bad credit score using the Experian scale.

Personal Loan for a fire inspector named Lynnette in Jericho, New York to Pay Off Chase +1 Student MasterCard

Lynnette had a tonne of credit card debt on their RBC Avion Visa Infinite Privilege and their CoreFirst Bank & Trust Classic Visa, and they were starting to get in over their heads. Despite Lynnette’s job as a fire inspector, 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 Lynnette for this direct loan of $120000, provided by Chase Manhattan Bank USA, National Association

Hi, I am Lynnette and I am from Jericho in New York. Nassau, county is where I grew up, and now I need a direct loan in New York for $120000 to buy a car. It has been difficult, but Chase Manhattan Bank USA, National Association really came through for me with this loan for 9.3% interest APR and a term of 21 years. I can probably repay the loan over the 21 year term, including interest. A big thanks to Chase Manhattan Bank USA, National Association for giving me a chance and my bad credit. It look me 8 years to build my credit to 425, and I won’t harm it any future. I am pleased with Find Texas Loans for assisting me this far.

Installment loan for Lynnette, a graduate of Howard Community College and a fire inspector working for over $78,000 per year

Lynnette, an alumnus at Howard Community College and a fire inspector in Jericho, New York needs a direct loan to purchase something frivolous. Lynnette has instead chosen to obtain an installment loan for $22,000 and is at present seeking lenders like First State Bank to provide it.

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

Fast loans in Jericho, New York aren’t actually that difficult to obtain, especially if you have some finesse like Lynnette. Lynnette was able to find a fast loan for $120000 from Montgomery County Trust Company and Tompkins Trust Company, but declined both offers in favor of their direct loan from Chase Manhattan Bank USA, National Association. The improvement 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 debt consolidation loans. An improvement in the case that a borrower is in a pinch.

Previous requests on Lynnette’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$122470.00 8 11.2% $1937.05 Bankers Trust Company of Albany, National Association April 27, 2012
$122150.00 10 11.7% $1731.38 Montgomery County Trust Company January 17, 2013
$122120.00 11 7.2% $1342.01 Bank of Avoca January 14, 2014
$122370.00 9 5.5% $1439.07 The State Bank of Belmont August 13, 2014
$122410.00 11 8.6% $1437.22 Fleet Bank of New York, National Association April 3, 2015

When Lynnette was 20, they tried to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a chronology of Lynnette’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on May 14, 2012
  • Attempt 2) Loan for $36,000.00 on September 2, 2009
  • Attempt 3) Loan for $25,000.00 on February 2, 2009
  • Attempt 4) Loan for $31,000.00 on December 19, 2010
  • Attempt 5) Loan for $38,000.00 on February 1, 2011
  • Attempt 6) Loan for $36,000.00 on August 7, 2010

Many previous requests for credit have been made by Lynnette in the past, including one from American Federal Savings and Loan Association of Colorado in Jericho, New York before Lynnette was accepted for the $120000 by Chase Manhattan Bank USA, National Association

Lynnette made 6 previous attempts to obtain a direct loan, 2 of which were with American Federal Savings and Loan Association of Colorado, a bank in Jericho, New York known to specialize in direct loans specifically. Before finding Chase Manhattan Bank USA, National Association, Lynnette was desperate due to their inexperience and bad credit rating.

Lynnette’s Overall FICO score at the time of acceptance for a direct loan, taking into account their fire inspector job and their future career as a police artist

Fico Score: 425

9 Months Ago, Lynnette Attempted to Find a High Risk Loan for $33,000.00, and it was Easy

There is an ongoing struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Lynnette. Lynnette chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Individuals with credit ratings as low as 533 can inquire for a high risk loan and may be be accepted.

Before applying for this direct loan, Lynnette had an Experian score of 437, which is bad, so Chase Manhattan Bank USA, National Association probably cannot provide Lynnette a direct loan

Experian Score: 437

Signature Loan easily acquired in Jericho, New York for $120000 with bad credit by Lynnette

Many clients have difficulty with finding signature loans in Jericho, New York, and Lynnette is the same. Lynnette went to 8 lending institutions or more before finding Chase Manhattan Bank USA, National Association, who offered Lynnette a signature loan for $120000. Most signature loans simply need a client, like Lynnette’s signature to get them, up to $27,000 in some cases. Lynnette was able to get $120000 as a direct loan, which is very high for a direct loan. Because signature loans do not require a cosigner, these loans generally require higher credit, as high as 786

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $24,000.00 to $55,000.00. They are mainly used to pay off existing high interest loans like credit cards. Lynnette needed a debt consolidation loan to pay for their existing direct loan and their credit card. Lynnette was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.0%.

Contact Details for Chase Manhattan Bank USA, National Association, the provider of this direct loan

  • Chase Manhattan Bank USA, National Association
  • City: Jericho
  • State: New York
  • Address: 300 Jericho Turnpike
  • County: Nassau
  • Zip code: 11753

Lynnette’s Transunion score was altered by the direct loan loan, changing to 412 from 425, which is typical in our experience.

Transunion Score: 412

Lynnette was not approved by Marine Midland Bank – New York 6 times prior to being accepted by Chase Manhattan Bank USA, National Association at 300 Jericho Turnpike

On May 15, 2010, Lynnette applied about borrowing $1,000 from Tompkins Trust Company with Maragret, their friend from just outside Jericho, and even with the co-signer, Lynnette was rejected for this direct loan. With bad credit, it can be challenging to procure funding, even with collateral and a co-signer.

Lynnette has a low current total income, but has a large amount of prospects

Lynnette has always wanted to be a police artist, but would need attend Howard Community College again to achieve it. Lynnette has other prospects as well, including catering administrator, education professor, and radio & tv talk show host, which pay $59,000 through to $109,000 per year, at least. For this reason, we believe that Lynnette can pay for this direct loan of $120000.

Client Profile: Lynnette Leider of Jericho, New York
  • Full name (Changed if requested): Lynnette Leider
  • Current Credit: loans.hit.utils.Fico@76fb509a
  • Current City: Jericho
  • State: New York
  • Zip code: 11755
  • Yearly income: $68,000
  • Current Job: fire inspector
  • Current County: Nassau
  • Goal Yearly Income: $95,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Conclusion of Lynnette’s direct loan

In the end, Lynnette was able to find a direct loan for $120000 with an interest rate of 11.1% interest APR from Chase Manhattan Bank USA, National Association in Jericho, New York repayable over 21 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.