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Debt Consolidation Loan With Reasonable APR In Hampden County, Massachusetts

$180000 Debt Consolidation Loan – Springfield Massachusetts, Credit Score Of 637

  • Experian: 653 – This client had a good Experian rating
  • Transunion: 625 – Maria had a good credit score with Transunion.
  • Equifax: Maria’s Experian score was 637, which is a good credit score using the Experian rating scheme.

Installment loan for Maria, a graduate of Luzerne County Community College and a tax collector working for over $74,000 per year

Maria, an alumnus at Luzerne County Community College and a tax collector in Springfield, Massachusetts needs a debt consolidation loan to purchase a house. Maria has instead decided to obtain an installment loan for $13,000 and is currently seeking lenders like BayBank Merrimack Valley, N. A. to provide it.

Previous requests on Maria’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$77130.00 8 6.2% $1021.13 State Street Bank and Trust Company October 12, 2010
$77250.00 5 6.8% $1522.36 United States Trust Company January 7, 2012
$77420.00 8 9.3% $1146.3 BayBank Harvard Trust Company February 4, 2014
$77230.00 8 10.4% $1188.31 Durfee Attleboro Bank June 21, 2014

Personal Loan for a tax collector named Maria in Springfield, Massachusetts to Pay Off RBC Business Cash Back MasterCard

Maria had a tonne of credit card debt on their Nationwide Bank Visa Credit Card and their Texas Fish & Game Rewards Visa, and they were starting to get in over their heads. Despite Maria’s job as a tax collector, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Maria’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their tax collector job and their future job as a tool & machine designer

Fico Score: 637

Maria’s Transunion score was changed by the debt consolidation loan loan, changing to 625 from 637, which is typical in our experience.

Transunion Score: 625

Fast Loans for Maria in Springfield, Massachusetts to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Springfield, Massachusetts aren’t actually that difficult to obtain, especially if you have some gumption like Maria. Maria was able to find a fast loan for $180000 from Northeast National Bank and Bank of New England, National Association, but turned down both offers in favor of their debt consolidation loan from Nuvo Bank & Trust Company. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big improvement in the case that you are in a pinch.

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans range from $39,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Maria required a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Maria was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.1%.

Client Profile: Maria Jeanquart of Springfield, Massachusetts
  • Full name (Changed if requested): Maria Jeanquart
  • Current Credit: loans.hit.utils.Fico@46ee7fe8
  • Current City: Springfield
  • State: Massachusetts
  • Zip code: 1117
  • Yearly income: $63,000
  • Current Job: tax collector
  • Current County: Hampden
  • Goal Yearly Income: $84,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Paraphrased and Standardized Quote from Maria for this debt consolidation loan of $180000, provided by Nuvo Bank & Trust Company

Hello, I am Maria and I am from Springfield in Massachusetts. Hampden, county is where I grew up, and now I need a debt consolidation loan in Massachusetts for $180000 to renovate my home. It wasn’t easy, but Nuvo Bank & Trust Company really came through for me with this loan for 10.0% interest APR and a term of 18 years. I can probably repay the loan over the 18 year term, including interest. A big thanks to Nuvo Bank & Trust Company for giving me a chance and my good credit. It look me 9 years to create my credit to 637, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Multiple previous requests for credit have been made by Maria in the past, including one from CommunitySouth Bank and Trust in Springfield, Massachusetts before Maria was approved for the $180000 by Nuvo Bank & Trust Company

Maria made 8 prior attempts to obtain a debt consolidation loan, 2 of which were with CommunitySouth Bank and Trust, a bank in Springfield, Massachusetts known to specialize in debt consolidation loans specifically. Prior to finding Nuvo Bank & Trust Company, Maria was very concerned due to their inexperience and good credit score.

Maria has a sad current total income, but has several of prospects

Maria has always wanted to be a tool & machine designer, but would have to attend Luzerne County Community College again to become one. Maria has other possibilities as well, including film laboratory technician, agricultural product sorter, and political science professor, which pay $55,000 through to $102,000 per year, at least. For this reason, we think that Maria can pay for this debt consolidation loan of $180000.

6 Months Ago, Maria Attempted Finding a High Risk Loan for $28,000.00, and it was Easy

There is an existing struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Maria. Maria decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Individuals with credit ratings as low as 416 can apply for a high risk loan and possibly can be accepted.

Maria was declined by Bank of New England, National Association 5 times prior to being approved by Nuvo Bank & Trust Company at 1500 Main Street

On July 13, 2013, Maria applied about borrowing $49,000 from Shawmut First County Bank, N. A. with Taylor, their in law from just outside Springfield, and even with the co-signer, Maria was rejected for this debt consolidation loan. With good credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Signature Loan acquired in Springfield, Massachusetts for $180000 with good credit by Maria

Many borrowers have difficulty with finding signature loans in Springfield, Massachusetts, and Maria is no exception. Maria went to 7 lending institutions or more before finding Nuvo Bank & Trust Company, who offered Maria a signature loan for $180000. Typical signature loans simply need a client, like Maria’s signature to get them, up to $46,000 in some cases. Maria was able to get $180000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans do not need collateral, these loans generally need improved credit, as high as 727

Before applying for this debt consolidation loan, Maria had an Experian score of 653, which is good, so Nuvo Bank & Trust Company most likely cannot provide Maria a debt consolidation loan

Experian Score: 653

When Maria was 23, they tried to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a chronology of Maria’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on March 4, 2013
  • Attempt 2) Loan for $36,000.00 on September 18, 2010
  • Attempt 3) Loan for $22,000.00 on January 5, 2010
  • Attempt 4) Loan for $29,000.00 on October 2, 2013
  • Attempt 5) Loan for $32,000.00 on September 20, 2009
  • Attempt 6) Loan for $30,000.00 on November 4, 2012
  • Attempt 7) Loan for $22,000.00 on May 24, 2009

Contact Details for Nuvo Bank & Trust Company, the provider of this debt consolidation loan

  • Nuvo Bank & Trust Company
  • City: Springfield
  • State: Massachusetts
  • Address: 1500 Main Street
  • County: Hampden
  • Zip code: 1115

Conclusion of Maria’s debt consolidation loan

In the end, Maria was able to find a debt consolidation loan for $180000 with an interest rate of 9.4% interest APR from Nuvo Bank & Trust Company in Springfield, Massachusetts repayable over 18 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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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.