$15000 Private Loan – Johnston Rhode Island, Credit Rating Of 407
- Experian: 425 – They had a bad Experian score
- Transunion: 393 – Tonja had a bad credit rating with Transunion.
- Equifax: Tonja’s Experian score was 407, which is a bad credit rating on the Experian system.
Installment loan for Tonja, a graduate of University of Michigan – Ann Arbor and an environmental engineer working for over $76,000 per year
Tonja, an alumnus at University of Michigan – Ann Arbor and an environmental engineer in Johnston, Rhode Island needs a private loan to purchase a house. Tonja has instead chosen to get an installment loan for $14,000 and is currently seeking lenders like Shawmut Bank of Rhode Island to process their request.
Contact Details for Shawmut Bank of Rhode Island, the provider of this private loan
- Shawmut Bank of Rhode Island
- City: Johnston
- State: Rhode Island
- Address: 333 Central Avenue
- County: Providence
- Zip code: 2919
Before applying for this private loan, Tonja had an Experian score of 425, which is bad, so Shawmut Bank of Rhode Island most likely can provide Tonja a private loan
Personal Loan for an environmental engineer named Tonja in Johnston, Rhode Island to Pay Off National Geographic Platinum MasterCard
Tonja had a tonne of credit card debt on their Nationwide Bank Visa Credit Card and their Men’s Wearhouse Perfect Fit Credit Card, and they were starting to get in over their heads. Despite Tonja’s job as an environmental engineer, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Fast Loans for Tonja in Johnston, Rhode Island to prevent bankruptcy or harm from debt collectors.
Fast loans in Johnston, Rhode Island aren’t actually that difficult to obtain, especially if you have some finesse like Tonja. Tonja was able to find a fast loan for $15000 from Newport County Trust Company and Columbus National Bank of Rhode Island, but turned down both offers in favor of their private loan from Shawmut Bank of Rhode Island. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better if a client is on the go.
When Tonja was 18, they attempted to obtain a student loan from 5 different banks, which damaged their credit score. Below is a list of Tonja’s prior attempts at finding a student loan:
- Attempt 1) Loan for $27,000.00 on September 20, 2010
- Attempt 2) Loan for $26,000.00 on March 26, 2013
- Attempt 3) Loan for $38,000.00 on November 18, 2010
- Attempt 4) Loan for $37,000.00 on June 14, 2009
- Attempt 5) Loan for $25,000.00 on August 7, 2011
Several past requests for credit have been made by Tonja in the past, including one from The First National Bank of Akron in Johnston, Rhode Island before Tonja was accepted for the $15000 by Shawmut Bank of Rhode Island
Tonja made 9 previous tries to obtain a private loan, 2 of which were with The First National Bank of Akron, a bank in Johnston, Rhode Island known to specialize in private loans specifically. Prior to finding Shawmut Bank of Rhode Island, Tonja was concerned due to their inexperience and bad credit rating.
Previous requests on Tonja’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$103190.00||5||8.1%||$2097.26||The Centreville National Bank of Warwick||March 29, 2010|
|$102560.00||11||9.3%||$1243.76||The Newport National Bank||October 27, 2010|
|$103200.00||8||8.6%||$1490.57||Fleet National Bank||December 12, 2012|
|$103270.00||5||5.1%||$1953.57||Fleet National Bank||April 20, 2013|
|$103460.00||9||10.4%||$1479.08||Columbus National Bank of Rhode Island||July 28, 2014|
7 Months in the Past, Tonja Tried Finding a High Risk Loan for $24,000.00, but They Didn’t Find What They were Expecting
There is an ongoing struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Tonja. Tonja chose not to obtain a high risk loan this time. High Risk loans are given to very low credit applicants. Borrowers with credit scores as low as 311 can inquire for a high risk loan and possibly can be accepted.
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $36,000.00 to $43,000.00. They are normally used to pay off existing high interest loans like credit cards. Tonja required a debt consolidation loan to pay for their existing private loan and their loan shark loan. Tonja was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 3.3%.
Tonja’s Overall FICO score at the time of acceptance for a private loan, taking into account their environmental engineer job and their future career as a packaging machine operator
Tonja was rejected by Old Stone Bank A Federal Savings Bank 4 times prior to being approved by Shawmut Bank of Rhode Island at 333 Central Avenue
On November 7, 2013, Tonja applied about borrowing $22,000 from Eastland Savings Bank with Kennith, their friend from just outside Johnston, and even with the co-signer, Tonja was rejected for this private loan. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.
Paraphrased and Standardized Quote from Tonja for this private loan of $15000, provided by Shawmut Bank of Rhode Island
Hello, I am Tonja and I’m from Johnston in Rhode Island. Providence, county is where I grew up, and now I need a private loan in Rhode Island for $15000 to renovate my home. It wasn’t easy, but Shawmut Bank of Rhode Island really came through for me with this loan for 8.0% interest APR and a term of 16 years. I can repay the loan over the 16 year term, including interest. A big thanks to Shawmut Bank of Rhode Island for giving me a chance and my bad credit. It look me 9 years to build my credit to 407, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.
Tonja has a sad current gross income, but has several of prospects
Tonja has always wanted to be a packaging machine operator, but would have to attend University of Michigan – Ann Arbor again to achieve it. Tonja has other possibilities as well, including airline flight control administrator, platemakers, and cabinet maker, which pay $52,000 through to $108,000 per year, at least. For this reason, we believe that Tonja can afford this private loan of $15000.
Signature Loan easily acquired in Johnston, Rhode Island for $15000 with bad credit by Tonja
A lot of clients struggle with obtaining signature loans in Johnston, Rhode Island, and Tonja is not an exception. Tonja went to 4 lenders or more before settling on Shawmut Bank of Rhode Island, who offered Tonja a signature loan for $15000. Typical signature loans simply need a client, like Tonja’s signature to get them, up to $43,000 in some cases. Tonja was able to get $15000 as a private loan, which is very high for a private loan. Because signature loans do not need collateral, they generally require better credit, as high as 722
Tonja’s Transunion score was changed by the private loan loan, changing to 393 from 407, which is normal in our experience.
- Full name (Changed if requested): Tonja Kluesner
- Current Credit: loans.hit.utils.Fico@42110406
- Current City: Johnston
- State: Rhode Island
- Zip code: 2924
- Yearly income: $59,000
- Current Job: environmental engineer
- Current County: Providence
- Goal Yearly Income: $100,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
Conclusion of Tonja’s private loan
In the end, Tonja was able to find a private loan for $15000 with an interest rate of 11.4% interest APR from Shawmut Bank of Rhode Island in Johnston, Rhode Island repayable over 16 years from today.