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19 Year, Fixed Interest Consolidation Loan For Clyde In Massachusetts

$24000 Consolidation Loan – Foxboro Massachusetts, Credit Score Of 619

  • Experian: 633 – The client had a good Experian score
  • Transunion: 604 – Clyde had a good credit rating with Transunion.
  • Equifax: Clyde’s Experian score was 619, which is a good credit rating on the Experian system.

Fast Loans for Clyde in Foxboro, Massachusetts to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Foxboro, Massachusetts aren’t actually that difficult to obtain, particularly if you have some gumption like Clyde. Clyde was able to find a fast loan for $24000 from First Bristol County National Bank and BayBank Merrimack Valley, N. A., but declined both offers in favor of their consolidation loan from Foxboro Federal Savings. The difference 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 installment loans. An improvement if a client is in a time sensitive situation.

When Clyde was 18, they attempted to obtain a student loan from 5 alternate lenders, which harmed their credit score. Below is a chronology of Clyde’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on September 16, 2010
  • Attempt 2) Loan for $32,000.00 on October 20, 2008
  • Attempt 3) Loan for $39,000.00 on March 13, 2009
  • Attempt 4) Loan for $37,000.00 on April 5, 2009
  • Attempt 5) Loan for $29,000.00 on July 6, 2010

Paraphrased and Standardized Quote from Clyde for this consolidation loan of $24000, provided by Foxboro Federal Savings

Hello, I am Clyde and I’m from Foxboro in Massachusetts. Norfolk, county is where I grew up, and now I need a consolidation loan in Massachusetts for $24000 to renovate my home. It has been difficult, but Foxboro Federal Savings really came through for me with this loan for 10.5% interest APR and a term of 19 years. I can probably repay the loan over the 19 year term, including interest. A big thanks to Foxboro Federal Savings for trusting me and my good credit. It look me 9 years to create my credit to 619, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.

Client Profile: Clyde Kenworthy of Foxboro, Massachusetts
  • Full name (Changed if requested): Clyde Kenworthy
  • Current Credit: loans.hit.utils.Fico@45283ce2
  • Current City: Foxboro
  • State: Massachusetts
  • Zip code: 2039
  • Yearly income: $45,000
  • Current Job: motorboat mechanic
  • Current County: Norfolk
  • Goal Yearly Income: $138,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Before applying for this consolidation loan, Clyde had an Experian score of 633, which is good, so Foxboro Federal Savings probably cannot provide Clyde a consolidation loan

Experian Score: 633

Previous requests on Clyde’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$57580.00 7 6.3% $849.47 State Street Bank and Trust Company June 30, 2011
$57870.00 8 8.3% $826.94 United States Trust Company May 30, 2012
$58200.00 10 8.1% $709.21 BayBank Harvard Trust Company July 2, 2013
$57610.00 10 8.6% $717.37 Durfee Attleboro Bank October 13, 2014

Signature Loan acquired in Foxboro, Massachusetts for $24000 with good credit by Clyde

A lot of prospective borrowers struggle with obtaining signature loans in Foxboro, Massachusetts, and Clyde is no different. Clyde went to 8 lending institutions or more before finding Foxboro Federal Savings, who offered Clyde a signature loan for $24000. Typical signature loans simply need a client, like Clyde’s signature to obtain them, up to $33,000 in some cases. Clyde was able to get $24000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not need a cosigner, these loans generally require improved credit, as high as 771

Installment loan for Clyde, a graduate of William Woods University and a motorboat mechanic working for over $69,000 per year

Clyde, an alumnus at William Woods University and a motorboat mechanic in Foxboro, Massachusetts needs a consolidation loan to purchase a car. Clyde has instead chosen to obtain an installment loan for $13,000 and is currently seeking lenders like The Broadway National Bank of Chelsea to provide it.

7 Months in the Past, Clyde Attempted to Find a High Risk Loan for $39,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Clyde. Clyde chose not to get a high risk loan this time. High Risk loans are given to very low credit clients. Clients with credit scores as low as 529 can inquire for a high risk loan and may be be approved.

Clyde’s Transunion score was altered by the consolidation loan loan, changing to 604 from 619, which is typical in our experience.

Transunion Score: 604

Clyde was rejected by The Buzzards Bay National Bank 7 times prior to being approved by Foxboro Federal Savings at One Central St

On July 25, 2009, Clyde applied about borrowing $21,000 from Shawmut First County Bank, N. A. with Obdulia, their friend from just outside Foxboro, and even with the co-signer, Clyde was rejected for this consolidation loan. With good credit, it can be difficult to procure funding, even with collateral and a co-signer.

Clyde’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their motorboat mechanic job and their future career as a film laboratory technician

Fico Score: 619

Multiple other requests for credit have been made by Clyde in the past, including one from First Federal Savings and Loan Association of Taylorville in Foxboro, Massachusetts before Clyde was approved for the $24000 by Foxboro Federal Savings

Clyde made 8 prior attempts to obtain a consolidation loan, 2 of which were with First Federal Savings and Loan Association of Taylorville, a lender in Foxboro, Massachusetts known to specialize in consolidation loans specifically. Prior to finding Foxboro Federal Savings, Clyde was desperate due to their inexperience and good credit score.

Personal Loan for a motorboat mechanic named Clyde in Foxboro, Massachusetts to Pay Off American Savings Bank Platinum Edition Visa Card

Clyde had a tonne of credit card debt on their Teachers FCU Visa Secured Classic and their Valero Consumer Credit Card, and they were starting to get in over their heads. Despite Clyde’s job as a motorboat mechanic, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Clyde has a sad current total income, but has a high number of prospects

Clyde has always wanted to be a film laboratory technician, but would need attend William Woods University again to achieve it. Clyde has other possibilities as well, including crop workers supervisor, chemical equipment operator, and vending machine mechanic, which pay $58,000 through to $102,000 per year, at least. Because of this, we think that Clyde can pay for this consolidation loan of $24000.

Contact Details for Foxboro Federal Savings, the provider of this consolidation loan

  • Foxboro Federal Savings
  • City: Foxboro
  • State: Massachusetts
  • Address: One Central St
  • County: Norfolk
  • Zip code: 2035

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $20,000.00 to $54,000.00. They are normally used to pay off existing high interest loans like credit cards. Clyde required a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Clyde was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.4%.

Conclusion of Clyde’s consolidation loan

In the end, Clyde was able to find a consolidation loan for $24000 with an interest rate of 8.2% interest APR from Foxboro Federal Savings in Foxboro, Massachusetts repayable over 19 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.