$66000 Auto Loan – Millbury Massachusetts, Credit Score Of 709
- Experian: 725 – The client had a good Experian rating
- Transunion: 695 – Marg had a good credit score with Transunion.
- Equifax: Marg’s Experian score was 709, which is a good credit score on the Experian rating scheme.
Marg was rejected by Fleet National Bank 4 times prior to being approved by Millbury National Bank at 18 Main Street
On March 3, 2009, Marg inquired about borrowing $42,000 from State Street Bank and Trust Company with Lorena, their in law from just outside Millbury, and even with the co-signer, Marg was rejected for this auto loan. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.
Fast Loans for Marg in Millbury, Massachusetts to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Millbury, Massachusetts aren’t actually that difficult to obtain, particularly if you have some gumption like Marg. Marg was able to find a fast loan for $66000 from BayBank Middlesex, N. A. and The Abington National Bank, but declined both offers in favor of their auto loan from Millbury National Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference if you are in a time sensitive situation.
Personal Loan for a child care center administrator named Marg in Millbury, Massachusetts to Pay Off Conestoga Bank Visa Signature Bonus Rewards Card
Marg had a tonne of credit card debt on their BB&T Spectrum Rewards Card and their Sierra Trading Post Rewards Visa, and they were starting to get in over their heads. Despite Marg’s job as a child care center administrator, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Signature Loan easily acquired in Millbury, Massachusetts for $66000 with good credit by Marg
Many borrowers struggle with finding signature loans in Millbury, Massachusetts, and Marg is no different. Marg went to 7 lenders or more before finding Millbury National Bank, who offered Marg a signature loan for $66000. Typical signature loans simply need a client, like Marg’s signature to obtain them, up to $39,000 in some cases. Marg was able to get $66000 as a auto loan, which is very high for an auto loan. Because signature loans do not need collateral, these loans generally require better credit, as high as 785
- Full name (Changed if requested): Marg Gregson
- Current Credit: loans.hit.utils.Fico@5479e3f
- Current City: Millbury
- State: Massachusetts
- Zip code: 1533
- Yearly income: $50,000
- Current Job: child care center administrator
- Current County: Worcester
- Goal Yearly Income: $85,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Marg has a disappointing current gross income, but has several of prospects
Marg has always wanted to be a child care worker, but would have to attend Ogeechee Technical College again to achieve it. Marg has other prospects as well, including sales representatives, motor vehicle inspector, and cartoonist, which pay $55,000 through to $100,000 per year, at least. For this reason, we think that Marg can pay for this auto loan of $66000.
Many other requests for credit have been made by Marg in the past, including one from Sun Bank/Sarasota County, National Association in Millbury, Massachusetts before Marg was approved for the $66000 by Millbury National Bank
Marg made 4 previous attempts to obtain an auto loan, 2 of which were with Sun Bank/Sarasota County, National Association, a bank in Millbury, Massachusetts known to specialize in auto loans specifically. Prior to finding Millbury National Bank, Marg was concerned due to their inexperience and good credit rating.
Marg’s Transunion score was altered by the auto loan loan, changing to 695 from 709, which is normal in our experience.
Contact Details for Millbury National Bank, the provider of this auto loan
- Millbury National Bank
- City: Millbury
- State: Massachusetts
- Address: 18 Main Street
- County: Worcester
- Zip code: 1527
Before applying for this auto loan, Marg had an Experian score of 725, which is good, so Millbury National Bank probably cannot provide Marg an auto loan
Previous requests on Marg’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$18150.00||3||8.1%||$569.59||State Street Bank and Trust Company||April 3, 2009|
|$17900.00||9||10.6%||$257.86||United States Trust Company||October 18, 2012|
|$18180.00||4||7.7%||$441.27||BayBank Harvard Trust Company||May 4, 2014|
|$18340.00||5||5.5%||$350.32||Durfee Attleboro Bank||May 13, 2015|
Installment loan for Marg, a graduate of Ogeechee Technical College and a child care center administrator working for over $72,000 per year
Marg, an alumnus at Ogeechee Technical College and a child care center administrator in Millbury, Massachusetts wants an auto loan to purchase a car. Marg has instead chosen to obtain an installment loan for $24,000 and is currently seeking lenders like Bank of New England, National Association to provide it.
Paraphrased and Standardized Quote from Marg for this auto loan of $66000, provided by Millbury National Bank
Hello, I am Marg and I am from Millbury in Massachusetts. Worcester, county is where I grew up, and now I need a auto loan in Massachusetts for $66000 to avoid bankruptcy. It has been difficult, but Millbury National Bank really came through for me with this loan for 6.2% interest APR and a term of 23 years. I can probably repay the loan over the 23 year term, including interest. A big thanks to Millbury National Bank for giving me a chance and my good credit. It look me 7 years to build my credit to 709, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.
9 Months in the Past, Marg Attempted Finding a High Risk Loan for $38,000.00, and it was Easy
There is an existing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Marg. Marg chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit borrowers. Clients with credit scores as low as 538 can apply for a high risk loan and possibly can be accepted.
Marg’s Overall FICO score at the time of acceptance for an auto loan, taking into account their child care center administrator job and their future career as a child care worker
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans range from $29,000.00 to $43,000.00. They are typically used to pay off existing high interest loans like credit cards. Marg required a debt consolidation loan to pay for their existing auto loan and their credit card. Marg was able to find a auto loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.4%.
When Marg was 19, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit score. Below is a chronology of Marg’s prior attempts at finding a student loan:
- Attempt 1) Loan for $25,000.00 on January 3, 2013
- Attempt 2) Loan for $21,000.00 on September 16, 2011
- Attempt 3) Loan for $27,000.00 on September 8, 2010
- Attempt 4) Loan for $29,000.00 on December 28, 2011
Conclusion of Marg’s auto loan
In the end, Marg was able to find an auto loan for $66000 with an interest rate of 7.8% interest APR from Millbury National Bank in Millbury, Massachusetts repayable over 23 years from now.