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5 Month, Fixed Interest Debt Consolidation Loan For Delmar In New York

$135000 Debt Consolidation Loan – Westbury New York, Credit Rating Of 560

  • Experian: 578 – They had a fair Experian rating
  • Transunion: 543 – Delmar had a fair credit rating with Transunion.
  • Equifax: Delmar’s Experian score was 560, which is a fair credit score on the Experian system.
Client Profile: Delmar Theodore of Westbury, New York
  • Full name (Changed if requested): Delmar Theodore
  • Current Credit: loans.hit.utils.Fico@39ed3c8d
  • Current City: Westbury
  • State: New York
  • Zip code: 11596
  • Yearly income: $33,000
  • Current Job: dietitian and nutritionist
  • Current County: Nassau
  • Goal Yearly Income: $96,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

When Delmar was 20, they attempted to obtain a student loan from 7 different lenders, which damaged their credit rating. Below is a chronology of Delmar’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on November 12, 2009
  • Attempt 2) Loan for $25,000.00 on October 25, 2011
  • Attempt 3) Loan for $29,000.00 on September 20, 2012
  • Attempt 4) Loan for $37,000.00 on November 5, 2009
  • Attempt 5) Loan for $32,000.00 on October 23, 2012
  • Attempt 6) Loan for $36,000.00 on July 23, 2009
  • Attempt 7) Loan for $32,000.00 on November 3, 2010

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

Normal debt consolidation loans vary from $24,000.00 to $56,000.00. They are mainly used to pay off existing high interest loans like credit cards. Delmar required a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Delmar 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 converts your dirty, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.6%.

Delmar has a sad current yearly income, but has a high number of prospects

Delmar has always wanted to be a structural drafter, but would have to attend Arizona State University again to achieve it. Delmar has other prospects as well, including parking enforcement officer, hand sewer, and environmental research analyst, which pay $59,000 through to $100,000 per year, on average. For this reason, we believe that Delmar can pay for this debt consolidation loan of $135000.

Delmar’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their dietitian and nutritionist job and their future job as a structural drafter

Fico Score: 560

Delmar was declined by HSBC Bank USA 6 times prior to being granted funding by Bank of Westbury Trust Company at Post And Maple Avenues

On April 16, 2009, Delmar applied about borrowing $43,000 from First State Bank with Marisa, their friend from just outside Westbury, and even with the co-signer, Delmar was rejected for this debt consolidation loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Before applying for this debt consolidation loan, Delmar had an Experian score of 578, which is fair, so Bank of Westbury Trust Company most likely cannot provide Delmar a debt consolidation loan

Experian Score: 578

Installment loan for Delmar, a graduate of Arizona State University and a dietitian and nutritionist working for over $61,000 per year

Delmar, an alumnus at Arizona State University and a dietitian and nutritionist in Westbury, New York needs a debt consolidation loan to purchase a car. Delmar has instead decided to get an installment loan for $17,000 and is currently seeking lenders like Long Island Trust Company, National Association to process their request.

6 Months in the Past, Delmar Attempted Finding a High Risk Loan for $29,000.00, and it was Easy

It is an well known struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Delmar. Delmar decided not to get a high risk loan this time. High Risk loans are given to bad credit borrowers. Borrowers with credit ratings as low as 456 can apply for a high risk loan and possibly can be accepted.

Paraphrased and Standardized Quote from Delmar for this debt consolidation loan of $135000, provided by Bank of Westbury Trust Company

Hi, I am Delmar and I’m from Westbury in New York. Nassau, county is where I grew up, and now I need a debt consolidation loan in New York for $135000 to buy a car. It has been difficult, but Bank of Westbury Trust Company really came through for me with this loan for 9.5% interest APR and a term of 5 years. I will repay the loan over the 5 year term, including interest. A big thanks to Bank of Westbury Trust Company for trusting me and my fair credit. It look me 4 years to build my credit to 560, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

Fast Loans for Delmar in Westbury, New York to prevent bankruptcy or harm from debt collectors.

Fast loans in Westbury, New York aren’t actually that difficult to obtain, particularly if you have some finesse like Delmar. Delmar was able to find a fast loan for $135000 from The Bank of New York Mellon and Chemung Canal Trust Company, but declined both offers in favor of their debt consolidation loan from Bank of Westbury Trust Company. 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 6 weeks for debt consolidation loans. A big improvement if a borrower is on the go.

Delmar’s Transunion score was altered by the debt consolidation loan loan, changing to 543 from 560, which is normal in our experience.

Transunion Score: 543

Signature Loan easily acquired in Westbury, New York for $135000 with fair credit by Delmar

Most clients have difficulty with obtaining signature loans in Westbury, New York, and Delmar is not an exception. Delmar went to 7 lenders or more prior to settling on Bank of Westbury Trust Company, who offered Delmar a signature loan for $135000. Typical signature loans simply require a client, like Delmar’s signature to obtain them, up to $47,000 in some cases. Delmar was able to get $135000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans do not require collateral, they tend to need better credit, as high as 713

Several previous requests for credit have been made by Delmar in the past, including one from Greenwich Trust Company in Westbury, New York before Delmar was approved for the $135000 by Bank of Westbury Trust Company

Delmar made 5 previous attempts to obtain a debt consolidation loan, 2 of which were with Greenwich Trust Company, a bank in Westbury, New York known to specialize in debt consolidation loans specifically. Prior to finding Bank of Westbury Trust Company, Delmar was very concerned due to their inexperience and fair credit rating.

Personal Loan for a dietitian and nutritionist named Delmar in Westbury, New York to Pay Off Lumber Liquidators Credit Card

Delmar had a lot of credit card debt on their Gymboree Visa Platinum Card and their CoreFirst Bank & Trust Classic Visa, and they were starting to get in over their heads. Despite Delmar’s job as a dietitian and nutritionist, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Contact Details for Bank of Westbury Trust Company, the provider of this debt consolidation loan

  • Bank of Westbury Trust Company
  • City: Westbury
  • State: New York
  • Address: Post And Maple Avenues
  • County: Nassau
  • Zip code: 11590

Previous requests on Delmar’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$90270.00 6 6.3% $1508.85 Bankers Trust Company of Albany, National Association July 3, 2011
$90330.00 5 11.3% $1977.53 Montgomery County Trust Company July 22, 2013
$90280.00 8 9.1% $1327.31 Bank of Avoca June 17, 2014
$90190.00 5 10.3% $1929.61 The State Bank of Belmont November 5, 2014
$89880.00 4 11.1% $2327.36 Fleet Bank of New York, National Association November 26, 2014

Conclusion of Delmar’s debt consolidation loan

In the end, Delmar was able to find a debt consolidation loan for $135000 with an interest rate of 6.7% interest APR from Bank of Westbury Trust Company in Westbury, New York repayable over 5 years from now.

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.