$28000 Home Loan – Florence Massachusetts, Credit Rating Of 734
- Experian: 751 – The client had an excellent Experian score
- Transunion: 717 – Alfonzo had an excellent credit rating with Transunion.
- Equifax: Alfonzo’s Experian score was 734, which is an excellent credit rating with the Experian system.
Contact Details for Florence Savings Bank, the provider of this home loan
- Florence Savings Bank
- City: Florence
- State: Massachusetts
- Address: 85 Main Street
- County: Hampshire
- Zip code: 1062
- Full name (Changed if requested): Alfonzo Baldearena
- Current Credit: loans.hit.utils.Fico@4fccd51b
- Current City: Florence
- State: Massachusetts
- Zip code: 1068
- Yearly income: $42,000
- Current Job: educational psychologist
- Current County: Hampshire
- Goal Yearly Income: $94,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Alfonzo has a low current gross income, but has several of prospects
Alfonzo has always wanted to be a foreign service officer, but would have to attend Allied American University again to become one. Alfonzo has other possibilities as well, including emergency management specialist, fire protection engineer, and real estate lawyer, which pay $55,000 through to $96,000 per year, at least. For this reason, we believe that Alfonzo can afford this home loan of $28000.
Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans range from $21,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Alfonzo required a debt consolidation loan to pay for their existing home loan and their credit card. Alfonzo was able to find a home loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.1%.
Paraphrased and Standardized Quote from Alfonzo for this home loan of $28000, provided by Florence Savings Bank
Hi, I am Alfonzo and I am from Florence in Massachusetts. Hampshire, county is where I grew up, and now I need a home loan in Massachusetts for $28000 to buy a big ticket item. It wasn’t easy, but Florence Savings Bank really came through for me with this loan for 8.5% interest APR and a term of 9 years. I can repay the loan over the 9 year term, including interest. A big thanks to Florence Savings Bank for giving me a chance and my excellent credit. It look me 7 years to create my credit to 734, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.
9 Months Ago, Alfonzo Tried to Find a High Risk Loan for $32,000.00, and it was Hard
There is an existing 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 Alfonzo. Alfonzo decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Borrowers with credit scores as low as 455 can inquire for a high risk loan and possibly can be accepted.
Multiple previous requests for credit have been made by Alfonzo in the past, including one from Mount Calvary State Bank in Florence, Massachusetts before Alfonzo was approved for the $28000 by Florence Savings Bank
Alfonzo made 4 previous tries to obtain a home loan, 2 of which were with Mount Calvary State Bank, a lending institution in Florence, Massachusetts known to specialize in home loans specifically. Prior to finding Florence Savings Bank, Alfonzo was desperate due to their inexperience and excellent credit score.
Fast Loans for Alfonzo in Florence, Massachusetts to prevent bankruptcy or harm from debt collectors.
Fast loans in Florence, Massachusetts aren’t actually that difficult to obtain, especially if you have some finesse like Alfonzo. Alfonzo was able to find a fast loan for $28000 from Shawmut Bank of Hampshire County, National Association and Durfee Attleboro Bank, but turned down both offers in favor of their home loan from Florence Savings Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement in the case that a borrower is in a pinch.
Signature Loan acquired in Florence, Massachusetts for $28000 with excellent credit by Alfonzo
Most clients struggle with finding signature loans in Florence, Massachusetts, and Alfonzo is no exception. Alfonzo went to 6 lenders or more before finding Florence Savings Bank, who offered Alfonzo a signature loan for $28000. Most signature loans simply require a client, like Alfonzo’s signature to get them, up to $35,000 in some cases. Alfonzo was able to get $28000 as a home loan, which is very high for a home loan. Because signature loans do not need a cosigner, these loans generally need higher credit, as high as 795
Before applying for this home loan, Alfonzo had an Experian score of 751, which is excellent, so Florence Savings Bank probably cannot provide Alfonzo a home loan
Previous requests on Alfonzo’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$140720.00||3||5.1%||$4223.83||State Street Bank and Trust Company||December 24, 2009|
|$141200.00||6||7.2%||$2420.9||United States Trust Company||November 6, 2010|
|$141190.00||5||5.4%||$2690.38||BayBank Harvard Trust Company||November 12, 2013|
|$141190.00||3||10.8%||$4609.02||Durfee Attleboro Bank||February 10, 2015|
|$140880.00||10||9.2%||$1799.89||Bank of New England – North Shore||April 24, 2015|
Personal Loan for an educational psychologist named Alfonzo in Florence, Massachusetts to Pay Off Catherines Credit Card
Alfonzo had a lot of credit card debt on their Ohio Savings Bank Maximum Rewards Visa Card and their Evans Bank Platinum Edition Visa Card, and they were starting to get in over their heads. Despite Alfonzo’s job as an educational psychologist, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
When Alfonzo was 23, they tried to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a list of Alfonzo’s prior attempts at finding a student loan:
- Attempt 1) Loan for $33,000.00 on September 13, 2011
- Attempt 2) Loan for $36,000.00 on February 6, 2011
- Attempt 3) Loan for $36,000.00 on December 25, 2009
- Attempt 4) Loan for $33,000.00 on June 29, 2012
- Attempt 5) Loan for $34,000.00 on August 16, 2010
Alfonzo’s Transunion score was altered by the home loan loan, changing to 717 from 734, which is normal in our experience.
Installment loan for Alfonzo, a graduate of Allied American University and an educational psychologist working for over $77,000 per year
Alfonzo, an alumnus at Allied American University and an educational psychologist in Florence, Massachusetts needs a home loan to purchase a house. Alfonzo has instead chosen to get an installment loan for $17,000 and is at present seeking lenders like Bank of New England – Worcester County, National Association to provide it.
Alfonzo’s Overall FICO score at the time of acceptance for a home loan, taking into account their educational psychologist job and their future job as a foreign service officer
Alfonzo was rejected by The Buzzards Bay National Bank 7 times prior to being approved by Florence Savings Bank at 85 Main Street
On June 21, 2010, Alfonzo inquired about borrowing $2,000 from Bank of New England – Ware with Evie, their in law from just outside Florence, and even with the co-signer, Alfonzo was rejected for this home loan. With excellent credit, it can be challenging to obtain funding, even with collateral and a co-signer.
Conclusion of Alfonzo’s home loan
In the end, Alfonzo was able to find a home loan for $28000 with an interest rate of 6.7% interest APR from Florence Savings Bank in Florence, Massachusetts repayable over 9 years from today.