$132000 Debt Consolidation Loan – Damascus Maryland, Credit Score Of 834
- Experian: 849 – This client had an excellent Experian score
- Transunion: 818 – Shakita had an excellent credit rating with Transunion.
- Equifax: Shakita’s Experian score was 834, which is an excellent credit score with the Experian rating scheme.
Several past requests for credit have been made by Shakita in the past, including one from Fall River Five Cents Savings Bank in Damascus, Maryland before Shakita was accepted for the $132000 by The Bank of Damascus
Shakita made 8 previous tries to obtain a debt consolidation loan, 2 of which were with Fall River Five Cents Savings Bank, a bank in Damascus, Maryland known to specialize in debt consolidation loans specifically. Before finding The Bank of Damascus, Shakita was concerned due to their inexperience and excellent credit rating.
Personal Loan for a glass blower named Shakita in Damascus, Maryland to Pay Off J. Crew Credit Card
Shakita had a lot of credit card debt on their Conestoga Bank Visa Business Bonus Rewards PLUS Card and their Synovus Visa Platinum Credit Card, and they were starting to get in over their heads. Despite Shakita’s job as a glass blower, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Signature Loan easily acquired in Damascus, Maryland for $132000 with excellent credit by Shakita
Many prospective borrowers struggle with finding signature loans in Damascus, Maryland, and Shakita is not an exception. Shakita went to 4 lenders or more prior to finding The Bank of Damascus, who offered Shakita a signature loan for $132000. Most signature loans simply need a client, like Shakita’s signature to get them, up to $48,000 in some cases. Shakita was able to get $132000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t require a cosigner, they tend to need improved credit, as high as 742
Shakita has a disappointing current total income, but has several of prospects
Shakita has always wanted to be an automotive engineer, but would need attend Ashworth College again to become one. Shakita has other possibilities as well, including word processing specialist, public relations specialist, and student financial aid administrator, which pay $50,000 through to $92,000 per year, on average. Because of this, we think that Shakita can pay for this debt consolidation loan of $132000.
Shakita was not approved by FCNB Bank 7 times before being approved by The Bank of Damascus at 9916 Main Street
On May 20, 2013, Shakita applied about borrowing $20,000 from First National Bank of Harford County with Mayme, their friend from just outside Damascus, and even with the co-signer, Shakita was rejected for this debt consolidation loan. With excellent credit, it can be very hard to obtain financing, even with collateral and a co-signer.
When Shakita was 20, they attempted to obtain a student loan from 6 different lenders, which harmed their credit score. Below is a list of Shakita’s prior attempts at finding a student loan:
- Attempt 1) Loan for $30,000.00 on July 31, 2009
- Attempt 2) Loan for $33,000.00 on August 19, 2011
- Attempt 3) Loan for $27,000.00 on January 21, 2009
- Attempt 4) Loan for $24,000.00 on October 10, 2008
- Attempt 5) Loan for $24,000.00 on March 12, 2011
- Attempt 6) Loan for $38,000.00 on July 12, 2013
Before applying for this debt consolidation loan, Shakita had an Experian score of 849, which is excellent, so The Bank of Damascus probably cannot provide Shakita a debt consolidation loan
Previous requests on Shakita’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$40410.00||10||10.8%||$552.08||American Security Bank, National Association||March 25, 2010|
|$40300.00||6||11.7%||$781.6||The Forest Hill State Bank||February 28, 2012|
|$40330.00||5||11.3%||$882.92||Boonsboro Bank of Boonsboro, Maryland||October 22, 2013|
|$40100.00||5||9.5%||$842.17||Farmers Bank||March 3, 2014|
6 Months in the Past, Shakita Attempted to Find a High Risk Loan for $20,000.00, and it was Hard
It is an well known struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Shakita. Shakita decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Borrowers with credit ratings as low as 384 can apply for a high risk loan and possibly can be accepted.
- Full name (Changed if requested): Shakita Ochiai
- Current Credit: loans.hit.utils.Fico@3d494fbf
- Current City: Damascus
- State: Maryland
- Zip code: 20874
- Yearly income: $53,000
- Current Job: glass blower
- Current County: Montgomery
- Goal Yearly Income: $102,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Installment loan for Shakita, a graduate of Ashworth College and a glass blower working for over $75,000 per year
Shakita, an alumnus at Ashworth College and a glass blower in Damascus, Maryland needs a debt consolidation loan to purchase something frivolous. Shakita has instead decided to get an installment loan for $6,000 and is currently seeking lenders like First Virginia Bank-Central Maryland to provide it.
Paraphrased and Standardized Quote from Shakita for this debt consolidation loan of $132000, provided by The Bank of Damascus
Hello, I am Shakita and I am from Damascus in Maryland. Montgomery, county is where I grew up, and now I need a debt consolidation loan in Maryland for $132000 to buy a big ticket item. It has been difficult, but The Bank of Damascus really came through for me with this loan for 6.6% interest APR and a term of 13 years. I will repay the loan over the 13 year term, including interest. A big thanks to The Bank of Damascus for giving me a chance and my excellent credit. It look me 4 years to create my credit to 834, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.
Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans range from $34,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Shakita required a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Shakita 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 bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.7%.
Contact Details for The Bank of Damascus, the provider of this debt consolidation loan
- The Bank of Damascus
- City: Damascus
- State: Maryland
- Address: 9916 Main Street
- County: Montgomery
- Zip code: 20872
Fast Loans for Shakita in Damascus, Maryland to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Damascus, Maryland aren’t actually that difficult to obtain, particularly if you have some gumption like Shakita. Shakita was able to find a fast loan for $132000 from The First National Bank and Trust Company of Western Maryland and The Denton National Bank, but turned down both offers in favor of their debt consolidation loan from The Bank of Damascus. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big improvement in the case that you are on the go.
Shakita’s Transunion score was altered by the debt consolidation loan loan, changing to 818 from 834, which is normal in our experience.
Shakita’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their glass blower job and their future job as an automotive engineer
Conclusion of Shakita’s debt consolidation loan
In the end, Shakita was able to find a debt consolidation loan for $132000 with an interest rate of 5.0% interest APR from The Bank of Damascus in Damascus, Maryland repayable over 13 years from now.