$108000 Mortgage – Somerville Massachusetts, Credit Rating Of 468
- Experian: 478 – This individual had a bad Experian score
- Transunion: 452 – Mozell had a bad credit rating with Transunion.
- Equifax: Mozell’s Experian score was 468, which is a bad credit score on the Experian system.
When Mozell was 23, they attempted to obtain a student loan from 7 different lenders, which harmed their credit score. Below is a chronology of Mozell’s prior attempts at finding a student loan:
- Attempt 1) Loan for $20,000.00 on January 6, 2010
- Attempt 2) Loan for $31,000.00 on June 15, 2010
- Attempt 3) Loan for $35,000.00 on July 2, 2009
- Attempt 4) Loan for $25,000.00 on April 30, 2009
- Attempt 5) Loan for $32,000.00 on April 8, 2011
- Attempt 6) Loan for $28,000.00 on September 6, 2012
- Attempt 7) Loan for $25,000.00 on December 1, 2010
Fast Loans for Mozell in Somerville, Massachusetts to prevent bankruptcy or harm from debt collectors.
Fast loans in Somerville, Massachusetts aren’t actually that difficult to obtain, especially if you have some gumption like Mozell. Mozell was able to find a fast loan for $108000 from Eastern Bank and Trust Company and Eastern Bank and Trust Company, but turned down both offers in favor of their mortgage from Middlesex Federal Savings, F.A.. 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 debt consolidation loans. Much better if a client is in a time sensitive situation.
Signature Loan acquired in Somerville, Massachusetts for $108000 with bad credit by Mozell
Most clients have difficulty with finding signature loans in Somerville, Massachusetts, and Mozell is the same. Mozell went to 8 lending institutions or more before finding Middlesex Federal Savings, F.A., who offered Mozell a signature loan for $108000. Most signature loans simply require a client, like Mozell’s signature to get them, up to $33,000 in some cases. Mozell was able to get $108000 as a mortgage, which is very high for a mortgage. Because signature loans don’t require a cosigner, they tend to require better credit, as high as 776
Contact Details for Middlesex Federal Savings, F.A., the provider of this mortgage
- Middlesex Federal Savings, F.A.
- City: Somerville
- State: Massachusetts
- Address: 1 College Ave
- County: Middlesex
- Zip code: 2144
Previous requests on Mozell’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$11260.00||10||9.8%||$147.56||State Street Bank and Trust Company||January 26, 2013|
|$11320.00||11||11.5%||$151.5||United States Trust Company||October 15, 2014|
|$11490.00||9||11.6%||$171.89||BayBank Harvard Trust Company||December 24, 2014|
|$11100.00||10||5.2%||$118.82||Durfee Attleboro Bank||February 14, 2015|
|$11170.00||3||6.6%||$342.86||Bank of New England – North Shore||March 31, 2015|
Before applying for this mortgage, Mozell had an Experian score of 478, which is bad, so Middlesex Federal Savings, F.A. most likely cannot provide Mozell a mortgage
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans range from $30,000.00 to $43,000.00. They are typically used to pay off existing high interest loans like credit cards. Mozell required a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Mozell was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your bad, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 2.7%.
Mozell’s Overall FICO score at the time of acceptance for a mortgage, taking into account their criminal investigator job and their future career as a court administrator
Personal Loan for a criminal investigator named Mozell in Somerville, Massachusetts to Pay Off Hawaiian Airlines Business MasterCard
Mozell had a tonne of credit card debt on their CFCU Rewards Visa and their SEFCU MasterCard, and they were starting to get in over their heads. Despite Mozell’s job as a criminal investigator, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Many other requests for credit have been made by Mozell in the past, including one from The First National Bank of Selby in Somerville, Massachusetts before Mozell was accepted for the $108000 by Middlesex Federal Savings, F.A.
Mozell made 9 prior attempts to obtain a mortgage, 2 of which were with The First National Bank of Selby, a lender in Somerville, Massachusetts known to specialize in mortgages specifically. Prior to finding Middlesex Federal Savings, F.A., Mozell was very concerned due to their inexperience and bad credit score.
9 Months in the Past, Mozell Attempted to Find a High Risk Loan for $40,000.00, and it was Hard
There is an well known struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Mozell. Mozell decided not to obtain a high risk loan this time. High Risk loans are given to bad credit clients. Clients with credit ratings as low as 581 can apply for a high risk loan and have a chance to be approved.
Mozell was not approved by Shawmut First County Bank, N. A. 5 times before being approved by Middlesex Federal Savings, F.A. at 1 College Ave
On February 12, 2009, Mozell applied about borrowing $23,000 from Shawmut Bank of Franklin County with Vivienne, their friend from just outside Somerville, and even with the co-signer, Mozell was rejected for this mortgage. With bad credit, it can be difficult to procure financing, even with collateral and a co-signer.
Mozell has a very low current total income, but has a large amount of prospects
Mozell has always wanted to be a court administrator, but would have to attend Monrovia Community Adult School again to become one. Mozell has other possibilities as well, including purchasing agent, tool & machine designer, and golf course superintendent, which pay $54,000 through to $100,000 per year, on average. For this reason, we believe that Mozell can pay for this mortgage of $108000.
- Full name (Changed if requested): Mozell Mcquilliams
- Current Credit: loans.hit.utils.Fico@59f95c5d
- Current City: Somerville
- State: Massachusetts
- Zip code: 2147
- Yearly income: $40,000
- Current Job: criminal investigator
- Current County: Middlesex
- Goal Yearly Income: $133,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Mozell’s Transunion score was changed by the mortgage loan, changing to 452 from 468, which is typical in our experience.
Installment loan for Mozell, a graduate of Monrovia Community Adult School and a criminal investigator working for over $78,000 per year
Mozell, an alumnus at Monrovia Community Adult School and a criminal investigator in Somerville, Massachusetts needs a mortgage to purchase a house. Mozell has instead chosen to get an installment loan for $9,000 and is currently seeking lenders like First Bristol County National Bank to process their request.
Paraphrased and Standardized Quote from Mozell for this mortgage of $108000, provided by Middlesex Federal Savings, F.A.
Hi, I am Mozell and I’m from Somerville in Massachusetts. Middlesex, county is where I grew up, and now I need a mortgage in Massachusetts for $108000 to renovate my home. It has been difficult, but Middlesex Federal Savings, F.A. really came through for me with this loan for 9.3% interest APR and a term of 5 years. I will repay the loan over the 5 year term, including interest. A big thanks to Middlesex Federal Savings, F.A. for giving me a chance and my bad credit. It look me 7 years to create my credit to 468, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.
Conclusion of Mozell’s mortgage
In the end, Mozell was able to find a mortgage for $108000 with an interest rate of 9.2% interest APR from Middlesex Federal Savings, F.A. in Somerville, Massachusetts repayable over 5 years from today.