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Debt Consolidation Loan For $88000 Near 18252, Pennsylvania With A Credit Score Of 508

$88000 Debt Consolidation Loan – Tamaqua Pennsylvania, Credit Rating Of 508

  • Experian: 521 – This client had a fair Experian rating
  • Transunion: 495 – Rema had a fair credit score with Transunion.
  • Equifax: Rema’s Experian score was 508, which is a fair credit score using the Experian scale.
Client Profile: Rema Ingraham of Tamaqua, Pennsylvania
  • Full name (Changed if requested): Rema Ingraham
  • Current Credit: loans.hit.utils.Fico@2077d4de
  • Current City: Tamaqua
  • State: Pennsylvania
  • Zip code: 18256
  • Yearly income: $53,000
  • Current Job: school psychologist
  • Current County: Schuylkill
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

When Rema was 20, they tried to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a chronology of Rema’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on January 20, 2009
  • Attempt 2) Loan for $31,000.00 on July 9, 2011
  • Attempt 3) Loan for $29,000.00 on August 21, 2013
  • Attempt 4) Loan for $25,000.00 on March 22, 2011
  • Attempt 5) Loan for $38,000.00 on October 18, 2011

Rema’s Transunion score was changed by the debt consolidation loan loan, changing to 495 from 508, which is typical in our experience.

Transunion Score: 495

Rema’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their school psychologist job and their future job as a military officer

Fico Score: 508

Fast Loans for Rema in Tamaqua, Pennsylvania to prevent bankruptcy or harm from debt collectors.

Fast loans in Tamaqua, Pennsylvania aren’t actually that difficult to obtain, particularly if you have some finesse like Rema. Rema was able to find a fast loan for $88000 from Community Bank and Trust Company and Continental Bank, but turned down both offers in favor of their debt consolidation loan from American Savings Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. An improvement in the case that a borrower is in a pinch.

Contact Details for American Savings Bank, the provider of this debt consolidation loan

  • American Savings Bank
  • City: Tamaqua
  • State: Pennsylvania
  • Address: 138-140 West Broad Street
  • County: Schuylkill
  • Zip code: 18252

Several previous requests for credit have been made by Rema in the past, including one from Banterra Bank of Hamilton County in Tamaqua, Pennsylvania before Rema was accepted for the $88000 by American Savings Bank

Rema made 4 previous tries to obtain a debt consolidation loan, 2 of which were with Banterra Bank of Hamilton County, a lending institution in Tamaqua, Pennsylvania known to specialize in debt consolidation loans specifically. Prior to finding American Savings Bank, Rema was very concerned due to their inexperience and fair credit score.

7 Months in the Past, Rema Attempted to Find a High Risk Loan for $41,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Rema. Rema decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Individuals with credit ratings as low as 572 can inquire for a high risk loan and may be be accepted.

Before applying for this debt consolidation loan, Rema had an Experian score of 521, which is fair, so American Savings Bank most likely cannot provide Rema a debt consolidation loan

Experian Score: 521

Previous requests on Rema’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$55380.00 10 6.6% $631.65 The People’s Bank of Oxford January 22, 2010
$54630.00 11 9.7% $674.72 First Lehigh Bank April 2, 2013
$54530.00 7 10.1% $908.08 SunBank November 17, 2013
$54660.00 11 10.4% $696.77 Merchants Bank (North) December 7, 2013

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $26,000.00 to $47,000.00. They are typically used to pay off existing high interest loans like credit cards. Rema needed a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Rema was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your less desirable, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.2%.

Personal Loan for a school psychologist named Rema in Tamaqua, Pennsylvania to Pay Off Fifth Third Business MasterCard

Rema had a lot of credit card debt on their Rewards Visa Signature Card and their REI Visa Credit Card, and they were starting to get in over their heads. Despite Rema’s job as a school psychologist, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Rema for this debt consolidation loan of $88000, provided by American Savings Bank

Hi, I am Rema and I am from Tamaqua in Pennsylvania. Schuylkill, county is where I grew up, and now I need a debt consolidation loan in Pennsylvania for $88000 to buy a big ticket item. It wasn’t easy, but American Savings Bank really came through for me with this loan for 8.8% interest APR and a term of 20 years. I can repay the loan over the 20 year term, including interest. A big thanks to American Savings Bank for trusting me and my fair credit. It look me 9 years to create my credit to 508, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.

Installment loan for Rema, a graduate of San Diego State University and a school psychologist working for over $60,000 per year

Rema, an alumnus at San Diego State University and a school psychologist in Tamaqua, Pennsylvania wants a debt consolidation loan to purchase something frivolous. Rema has instead decided to get an installment loan for $18,000 and is currently seeking lenders like The Schuylkill Haven Trust Company to provide it.

Rema has a sad current total income, but has a large amount of prospects

Rema has always wanted to be a military officer, but would have to attend San Diego State University again to achieve it. Rema has other prospects as well, including industrial-organizational psychologist, vocational education teachers, and tax auditor, which pay $56,000 through to $100,000 per year, on average. Because of this, we believe that Rema can afford this debt consolidation loan of $88000.

Rema was not approved by Liberty State Bank, Mount Carmel, Pa. 6 times prior to being approved by American Savings Bank at 138-140 West Broad Street

On November 10, 2008, Rema inquired about borrowing $48,000 from The Bridgeville Trust Company with Kimberely, their in law from just outside Tamaqua, and even with the co-signer, Rema was rejected for this debt consolidation loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Signature Loan found in Tamaqua, Pennsylvania for $88000 with fair credit by Rema

Most prospective borrowers struggle with finding signature loans in Tamaqua, Pennsylvania, and Rema is no different. Rema went to 6 lenders or more prior to finding American Savings Bank, who offered Rema a signature loan for $88000. Typical signature loans simply need a client, like Rema’s signature to get them, up to $37,000 in some cases. Rema was able to get $88000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans do not need a cosigner, these loans tend to need higher credit, as high as 707

Conclusion of Rema’s debt consolidation loan

In the end, Rema was able to find a debt consolidation loan for $88000 with an interest rate of 8.8% interest APR from American Savings Bank in Tamaqua, Pennsylvania repayable over 20 years from today.

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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