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$102000 Unsecured Loan In New York City New York With Credit Score 517 For Lana

$102000 Unsecured Loan – New York City New York, Credit Rating Of 517

  • Experian: 535 – The client had a fair Experian score
  • Transunion: 503 – Lana had a fair credit rating with Transunion.
  • Equifax: Lana’s Experian score was 517, which is a fair credit score on the Experian scale.

Lana’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their textile designer job and their future career as an office supervisor

Fico Score: 517

Fast Loans for Lana in New York City, New York to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in New York City, New York aren’t actually that difficult to obtain, especially if you have some finesse like Lana. Lana was able to find a fast loan for $102000 from Amalgamated Bank and American Bank & Trust Company, but turned down both offers in favor of their unsecured loan from Edison Federal Savings and Loan Association. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big difference if you are in a pinch.

Multiple past requests for credit have been made by Lana in the past, including one from Minnwest Bank Sioux Falls in New York City, New York before Lana was approved for the $102000 by Edison Federal Savings and Loan Association

Lana made 9 prior attempts to obtain an unsecured loan, 2 of which were with Minnwest Bank Sioux Falls, a lender in New York City, New York known to specialize in unsecured loans specifically. Prior to finding Edison Federal Savings and Loan Association, Lana was very concerned due to their inexperience and fair credit score.

Contact Details for Edison Federal Savings and Loan Association, the provider of this unsecured loan

  • Edison Federal Savings and Loan Association
  • City: New York City
  • State: New York
  • Address: 129 East 14th St
  • County: New York
  • Zip code: 10003

Before applying for this unsecured loan, Lana had an Experian score of 535, which is fair, so Edison Federal Savings and Loan Association probably cannot provide Lana an unsecured loan

Experian Score: 535

When Lana was 21, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a list of Lana’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on February 3, 2013
  • Attempt 2) Loan for $23,000.00 on January 14, 2010
  • Attempt 3) Loan for $24,000.00 on May 14, 2010
  • Attempt 4) Loan for $37,000.00 on February 13, 2014
  • Attempt 5) Loan for $31,000.00 on July 15, 2012
  • Attempt 6) Loan for $29,000.00 on September 27, 2011

Paraphrased and Standardized Quote from Lana for this unsecured loan of $102000, provided by Edison Federal Savings and Loan Association

Hi, I am Lana and I’m from New York City in New York. New York, county is where I grew up, and now I need a unsecured loan in New York for $102000 to avoid bankruptcy. It has been difficult, but Edison Federal Savings and Loan Association really came through for me with this loan for 11.8% interest APR and a term of 8 years. I can repay the loan over the 8 year term, including interest. A big thanks to Edison Federal Savings and Loan Association for giving me a chance and my fair credit. It look me 8 years to build my credit to 517, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

Lana was not approved by The Bank of New York Mellon 6 times prior to being granted funding by Edison Federal Savings and Loan Association at 129 East 14th St

On December 11, 2008, Lana applied about borrowing $30,000 from The Chase Manhattan Bank (National Association) with Zada, their friend from just outside New York City, and even with the co-signer, Lana was rejected for this unsecured loan. With fair credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Lana’s Transunion score was altered by the unsecured loan loan, changing to 503 from 517, which is normal in our experience.

Transunion Score: 503

Personal Loan for a textile designer named Lana in New York City, New York to Pay Off West Suburban Bank Credit Cards

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

Previous requests on Lana’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$31840.00 8 10.8% $496.73 Bankers Trust Company of Albany, National Association December 11, 2008
$31700.00 3 8.8% $1005.1 Montgomery County Trust Company December 12, 2010
$31560.00 7 5.7% $456.52 Bank of Avoca September 6, 2013
$31520.00 7 6.4% $466.53 The State Bank of Belmont August 19, 2014
$31800.00 9 10.1% $449.43 Fleet Bank of New York, National Association October 20, 2014

Lana has a very low current gross income, but has several of prospects

Lana has always wanted to be an office supervisor, but would need attend Philadelphia College of Osteopathic Medicine again to become one. Lana has other possibilities as well, including broadcast news analyst, compliance officer, and sales representatives, which pay $50,000 through to $109,000 per year, at least. For this reason, we think that Lana can pay for this unsecured loan of $102000.

Client Profile: Lana Solomons of New York City, New York
  • Full name (Changed if requested): Lana Solomons
  • Current Credit: loans.hit.utils.Fico@c2e1f26
  • Current City: New York City
  • State: New York
  • Zip code: 10009
  • Yearly income: $39,000
  • Current Job: textile designer
  • Current County: New York
  • Goal Yearly Income: $118,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Installment loan for Lana, a graduate of Philadelphia College of Osteopathic Medicine and a textile designer working for over $70,000 per year

Lana, an alumnus at Philadelphia College of Osteopathic Medicine and a textile designer in New York City, New York wants an unsecured loan to purchase a house. Lana has instead chosen to get an installment loan for $22,000 and is currently seeking lenders like Morgan Guaranty Trust Company of New York to provide it.

6 Months in the Past, Lana Tried Finding a High Risk Loan for $23,000.00, 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. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Lana. Lana chose not to obtain 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 551 can apply for a high risk loan and may be be accepted.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $34,000.00 to $48,000.00. They are mainly used to pay off existing high interest loans like credit cards. Lana needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Lana was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your dirty, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.4%.

Signature Loan easily acquired in New York City, New York for $102000 with fair credit by Lana

Most borrowers have difficulty with finding signature loans in New York City, New York, and Lana is not an exception. Lana went to 8 lenders or more before settling on Edison Federal Savings and Loan Association, who offered Lana a signature loan for $102000. Typical signature loans simply require a client, like Lana’s signature to obtain them, up to $35,000 in some cases. Lana was able to get $102000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t need a cosigner, they generally need better credit, as high as 752

Conclusion of Lana’s unsecured loan

In the end, Lana was able to find an unsecured loan for $102000 with an interest rate of 6.2% interest APR from Edison Federal Savings and Loan Association in New York City, New York 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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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.