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$98000 Debt Consolidation Loan With Bad Credit In Baltimore Maryland

$98000 Debt Consolidation Loan – Baltimore Maryland, Credit Rating Of 406

  • Experian: 419 – They had a bad Experian score
  • Transunion: 391 – Karie had a bad credit rating with Transunion.
  • Equifax: Karie’s Experian score was 406, which is a bad credit rating with the Experian rating scheme.

8 Months in the Past, Karie Attempted to Find a High Risk Loan for $33,000.00, and it was Easy

It is an well known struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Karie. Karie decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit clients. Clients with credit scores as low as 521 can inquire for a high risk loan and may be be approved.

Previous requests on Karie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$137690.00 6 6.8% $2334.28 American Security Bank, National Association May 12, 2010
$138360.00 10 10.1% $1836.11 The Forest Hill State Bank December 27, 2011
$137850.00 10 5.8% $1516.61 Boonsboro Bank of Boonsboro, Maryland August 15, 2012
$138490.00 7 7.3% $2110.55 Farmers Bank February 20, 2013

Paraphrased and Standardized Quote from Karie for this debt consolidation loan of $98000, provided by Belmar Federal Savings and Loan Association

Hello, I am Karie and I am from Baltimore in Maryland. Baltimore City, county is where I grew up, and now I need a debt consolidation loan in Maryland for $98000 to pay bills. It has been difficult, but Belmar Federal Savings and Loan Association really came through for me with this loan for 7.5% interest APR and a term of 8 years. I can probably repay the loan over the 8 year term, including interest. A big thanks to Belmar Federal Savings and Loan Association for trusting me and my bad credit. It look me 6 years to build my credit to 406, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

When Karie was 22, they tried to obtain a student loan from 5 different lenders, which damaged their credit score. Below is a list of Karie’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on September 13, 2011
  • Attempt 2) Loan for $37,000.00 on July 13, 2011
  • Attempt 3) Loan for $28,000.00 on September 24, 2010
  • Attempt 4) Loan for $36,000.00 on June 30, 2013
  • Attempt 5) Loan for $39,000.00 on August 20, 2010

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

Average debt consolidation loans vary from $33,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Karie needed a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Karie was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.6%.

Installment loan for Karie, a graduate of Syracuse University and an able seamen working for over $71,000 per year

Karie, an alumnus at Syracuse University and an able seamen in Baltimore, Maryland needs a debt consolidation loan to purchase a car. Karie has instead chosen to obtain an installment loan for $27,000 and is currently seeking lenders like The Denton National Bank to provide it.

Before applying for this debt consolidation loan, Karie had an Experian score of 419, which is bad, so Belmar Federal Savings and Loan Association most likely cannot provide Karie a debt consolidation loan

Experian Score: 419

Karie was rejected by The Denton National Bank 5 times before being granted funding by Belmar Federal Savings and Loan Association at 6301 Belair Road

On April 19, 2013, Karie inquired about borrowing $23,000 from Boonsboro Bank of Boonsboro, Maryland with Darin, their friend from just outside Baltimore, and even with the co-signer, Karie was rejected for this debt consolidation loan. With bad credit, it can be difficult to procure funding, even with collateral and a co-signer.

Karie has a low current yearly income, but has a high number of prospects

Karie has always wanted to be a biomedical engineer, but would need attend Syracuse University again to achieve it. Karie has other possibilities as well, including horticulturist, parking lot attendant, and athletes’ business manager, which pay $51,000 through to $103,000 per year, at least. For this reason, we believe that Karie can afford this debt consolidation loan of $98000.

Multiple previous requests for credit have been made by Karie in the past, including one from Palisade Savings Bank, F.S.B. in Baltimore, Maryland before Karie was accepted for the $98000 by Belmar Federal Savings and Loan Association

Karie made 6 previous tries to obtain a debt consolidation loan, 2 of which were with Palisade Savings Bank, F.S.B., a lender in Baltimore, Maryland known to specialize in debt consolidation loans specifically. Before finding Belmar Federal Savings and Loan Association, Karie was concerned due to their inexperience and bad credit rating.

Client Profile: Karie Deveney of Baltimore, Maryland
  • Full name (Changed if requested): Karie Deveney
  • Current Credit: loans.hit.utils.Fico@36aa7bc2
  • Current City: Baltimore
  • State: Maryland
  • Zip code: 21209
  • Yearly income: $32,000
  • Current Job: able seamen
  • Current County: Baltimore City
  • Goal Yearly Income: $102,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Contact Details for Belmar Federal Savings and Loan Association, the provider of this debt consolidation loan

  • Belmar Federal Savings and Loan Association
  • City: Baltimore
  • State: Maryland
  • Address: 6301 Belair Road
  • County: Baltimore City
  • Zip code: 21206

Signature Loan acquired in Baltimore, Maryland for $98000 with bad credit by Karie

Most borrowers have difficulty with obtaining signature loans in Baltimore, Maryland, and Karie is no exception. Karie went to 4 lending institutions or more before settling on Belmar Federal Savings and Loan Association, who offered Karie a signature loan for $98000. Typical signature loans simply need a client, like Karie’s signature to obtain them, up to $23,000 in some cases. Karie was able to get $98000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need a cosigner, they tend to require better credit, as high as 792

Personal Loan for an able seamen named Karie in Baltimore, Maryland to Pay Off Nordstrom Visa Signature Card

Karie had a tonne of credit card debt on their SEEDS Visa Platinum Rewards Card and their WEX Fleet Card, and they were starting to get in over their heads. Despite Karie’s job as an able seamen, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Fast Loans for Karie in Baltimore, Maryland to prevent bankruptcy or harm from debt collectors.

Fast loans in Baltimore, Maryland aren’t actually that difficult to obtain, especially if you have some finesse like Karie. Karie was able to find a fast loan for $98000 from FCNB Bank and First National Bank & Trust Co., Havre de Grace, Md., but declined both offers in favor of their debt consolidation loan from Belmar Federal Savings and Loan Association. 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 personal loans. An improvement in the case that a borrower is in a time sensitive situation.

Karie’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their able seamen job and their future career as a biomedical engineer

Fico Score: 406

Karie’s Transunion score was altered by the debt consolidation loan loan, changing to 391 from 406, which is normal in our experience.

Transunion Score: 391

Conclusion of Karie’s debt consolidation loan

In the end, Karie was able to find a debt consolidation loan for $98000 with an interest rate of 10.4% interest APR from Belmar Federal Savings and Loan Association in Baltimore, Maryland repayable over 8 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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