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$141000 Consolidation Loan In Buffalo New York With Credit Score 540 For Helen

$141000 Consolidation Loan – Buffalo New York, Credit Score Of 540

  • Experian: 558 – This client had a fair Experian rating
  • Transunion: 526 – Helen had a fair credit rating with Transunion.
  • Equifax: Helen’s Experian score was 540, which is a fair credit score on the Experian scale.

Helen was rejected by United States Trust Company of New York 7 times before being accepted by Niagara Frontier Bank of New York at 284 Main Street

On October 26, 2010, Helen inquired about borrowing $42,000 from Deutsche Bank Trust Company Americas with Jacqualine, their in law from just outside Buffalo, and even with the co-signer, Helen was rejected for this consolidation loan. With fair credit, it can be difficult to procure financing, even with collateral and a co-signer.

Helen’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their paste-up worker job and their future job as a medical administrative assistant

Fico Score: 540

When Helen was 19, they attempted to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a list of Helen’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on September 4, 2009
  • Attempt 2) Loan for $24,000.00 on November 18, 2013
  • Attempt 3) Loan for $24,000.00 on December 20, 2011
  • Attempt 4) Loan for $21,000.00 on November 1, 2011
  • Attempt 5) Loan for $28,000.00 on April 17, 2011

Signature Loan acquired in Buffalo, New York for $141000 with fair credit by Helen

Many clients struggle with finding signature loans in Buffalo, New York, and Helen is no exception. Helen went to 6 lenders or more prior to settling on Niagara Frontier Bank of New York, who offered Helen a signature loan for $141000. Typical signature loans simply require a client, like Helen’s signature to obtain them, up to $20,000 in some cases. Helen was able to get $141000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans don’t need a cosigner, they tend to need better credit, as high as 749

Personal Loan for a paste-up worker named Helen in Buffalo, New York to Pay Off Bon-Ton Credit Card

Helen had a tonne of credit card debt on their Working Assets Visa Credit Card and their Walmart Community Card, and they were starting to get in over their heads. Despite Helen’s job as a paste-up worker, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

9 Months Ago, Helen Attempted Finding a High Risk Loan for $40,000.00, and it was Easy

It is an ongoing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Helen. Helen chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Clients with credit ratings as low as 355 can inquire for a high risk loan and possibly can be accepted.

Before applying for this consolidation loan, Helen had an Experian score of 558, which is fair, so Niagara Frontier Bank of New York most likely cannot provide Helen a consolidation loan

Experian Score: 558

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

Fast loans in Buffalo, New York aren’t actually that difficult to obtain, especially if you have some finesse like Helen. Helen was able to find a fast loan for $141000 from Morgan Guaranty Trust Company of New York and The Merchants Bank of New York, but turned down both offers in favor of their consolidation loan from Niagara Frontier Bank of New York. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. An improvement in the case that you are in a time sensitive situation.

Helen has a very low current total income, but has a high number of prospects

Helen has always wanted to be a medical administrative assistant, but would have to attend Monroe Community College again to become one. Helen has other prospects as well, including alcohol & drug abuse assistance coordinator, marine and aquatic biologist, and plumber, which pay $55,000 through to $107,000 per year, on average. For this reason, we believe that Helen can afford this consolidation loan of $141000.

Paraphrased and Standardized Quote from Helen for this consolidation loan of $141000, provided by Niagara Frontier Bank of New York

Hi, I am Helen and I’m from Buffalo in New York. Erie, county is where I grew up, and now I need a consolidation loan in New York for $141000 to renovate my home. It wasn’t easy, but Niagara Frontier Bank of New York really came through for me with this loan for 6.2% 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 Niagara Frontier Bank of New York for trusting me and my fair credit. It look me 7 years to build my credit to 540, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans vary from $38,000.00 to $57,000.00. They are normally used to pay off existing high interest loans like credit cards. Helen required a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Helen was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.6%.

Previous requests on Helen’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$58400.00 10 11.8% $831.13 Bankers Trust Company of Albany, National Association December 18, 2009
$58410.00 4 6.2% $1377.12 Montgomery County Trust Company May 18, 2010
$58120.00 8 10.6% $900.48 Bank of Avoca December 5, 2011
$58310.00 11 6.8% $628.55 The State Bank of Belmont August 6, 2012
Client Profile: Helen Chorney of Buffalo, New York
  • Full name (Changed if requested): Helen Chorney
  • Current Credit: loans.hit.utils.Fico@3d82c5f3
  • Current City: Buffalo
  • State: New York
  • Zip code: 14210
  • Yearly income: $45,000
  • Current Job: paste-up worker
  • Current County: Erie
  • Goal Yearly Income: $132,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Helen’s Transunion score was changed by the consolidation loan loan, changing to 526 from 540, which is normal in our experience.

Transunion Score: 526

Several past requests for credit have been made by Helen in the past, including one from Old Missouri Bank in Buffalo, New York before Helen was accepted for the $141000 by Niagara Frontier Bank of New York

Helen made 5 prior attempts to obtain a consolidation loan, 2 of which were with Old Missouri Bank, a lending institution in Buffalo, New York known to specialize in consolidation loans specifically. Prior to finding Niagara Frontier Bank of New York, Helen was concerned due to their inexperience and fair credit score.

Contact Details for Niagara Frontier Bank of New York, the provider of this consolidation loan

  • Niagara Frontier Bank of New York
  • City: Buffalo
  • State: New York
  • Address: 284 Main Street
  • County: Erie
  • Zip code: 14202

Installment loan for Helen, a graduate of Monroe Community College and a paste-up worker working for over $76,000 per year

Helen, an alumnus at Monroe Community College and a paste-up worker in Buffalo, New York needs a consolidation loan to purchase a new cell phone. Helen has instead chosen to obtain an installment loan for $5,000 and is currently seeking lenders like American Bank & Trust Company to provide it.

Conclusion of Helen’s consolidation loan

In the end, Helen was able to find a consolidation loan for $141000 with an interest rate of 9.5% interest APR from Niagara Frontier Bank of New York in Buffalo, New York repayable over 21 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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