$80000 High Risk Loan – Hudson Massachusetts, Credit Score Of 782
- Experian: 792 – This client had an excellent Experian score
- Transunion: 766 – Sharda had an excellent credit score with Transunion.
- Equifax: Sharda’s Experian score was 782, which is an excellent credit score with the Experian scale.
- Full name (Changed if requested): Sharda Harkenreader
- Current Credit: loans.hit.utils.Fico@7637f22
- Current City: Hudson
- State: Massachusetts
- Zip code: 1756
- Yearly income: $34,000
- Current Job: baker
- Current County: Middlesex
- Goal Yearly Income: $97,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Sharda has a disappointing current total income, but has several of prospects
Sharda has always wanted to be an executive secretary, but would have to attend Burnett International College again to achieve it. Sharda has other prospects as well, including gynecologist, insurance appraiser, and criminal lawyer, which pay $52,000 through to $90,000 per year, at least. For this reason, we think that Sharda can pay for this high risk loan of $80000.
Paraphrased and Standardized Quote from Sharda for this high risk loan of $80000, provided by Avidia Bank
Hello, I am Sharda and I’m from Hudson in Massachusetts. Middlesex, county is where I grew up, and now I need a high risk loan in Massachusetts for $80000 to buy a big ticket item. It wasn’t easy, but Avidia Bank really came through for me with this loan for 11.4% interest APR and a term of 7 years. I can probably repay the loan over the 7 year term, including interest. A big thanks to Avidia Bank for trusting me and my excellent credit. It look me 6 years to create my credit to 782, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.
Sharda’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their baker job and their future career as an executive secretary
Installment loan for Sharda, a graduate of Burnett International College and a baker working for over $75,000 per year
Sharda, an alumnus at Burnett International College and a baker in Hudson, Massachusetts wants a high risk loan to purchase a new cell phone. Sharda has instead decided to obtain an installment loan for $14,000 and is currently seeking lenders like Security National Bank to provide it.
Fast Loans for Sharda in Hudson, Massachusetts to prevent bankruptcy or harm from debt collectors.
Fast loans in Hudson, Massachusetts aren’t actually that difficult to obtain, especially if you have some gumption like Sharda. Sharda was able to find a fast loan for $80000 from BayBank First Easthampton, N.A. and Durfee Attleboro Bank, but declined both offers in favor of their high risk loan from Avidia Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement in the case that a borrower is in a pinch.
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $39,000.00 to $55,000.00. They are normally used to pay off existing high interest loans like credit cards. Sharda needed a debt consolidation loan to pay for their existing high risk loan and their credit card. Sharda was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.0%.
Signature Loan easily acquired in Hudson, Massachusetts for $80000 with excellent credit by Sharda
Many borrowers have difficulty with obtaining signature loans in Hudson, Massachusetts, and Sharda is no different. Sharda went to 4 lending institutions or more prior to settling on Avidia Bank, who offered Sharda a signature loan for $80000. Typical signature loans simply require a client, like Sharda’s signature to get them, up to $45,000 in some cases. Sharda was able to get $80000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not require collateral, they tend to require higher credit, as high as 797
Before applying for this high risk loan, Sharda had an Experian score of 792, which is excellent, so Avidia Bank most likely cannot provide Sharda a high risk loan
When Sharda was 20, they tried to obtain a student loan from 6 alternate lenders, which damaged their credit score. Below is a chronology of Sharda’s prior attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on October 16, 2011
- Attempt 2) Loan for $39,000.00 on October 3, 2010
- Attempt 3) Loan for $38,000.00 on May 4, 2009
- Attempt 4) Loan for $34,000.00 on October 30, 2012
- Attempt 5) Loan for $22,000.00 on October 23, 2008
- Attempt 6) Loan for $34,000.00 on November 16, 2010
Personal Loan for a baker named Sharda in Hudson, Massachusetts to Pay Off Woman Within Platinum Card
Sharda had a tonne of credit card debt on their Baby Phat Prepaid Visa RushCard and their Whitetails Unlimited, Inc. Platinum Plus MasterCard, and they were starting to get in over their heads. Despite Sharda’s job as a baker, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Multiple other requests for credit have been made by Sharda in the past, including one from First Federal Bank, A FSB in Hudson, Massachusetts before Sharda was approved for the $80000 by Avidia Bank
Sharda made 7 previous attempts to obtain a high risk loan, 2 of which were with First Federal Bank, A FSB, a bank in Hudson, Massachusetts known to specialize in high risk loans specifically. Prior to finding Avidia Bank, Sharda was concerned due to their inexperience and excellent credit score.
Sharda’s Transunion score was changed by the high risk loan loan, changing to 766 from 782, which is typical in our experience.
Sharda was not approved by The Beverly National Bank 5 times prior to being approved by Avidia Bank at 42 Main Street
On June 4, 2011, Sharda applied about borrowing $49,000 from BayBank Merrimack Valley, N. A. with Diana, their in law from just outside Hudson, and even with the co-signer, Sharda was rejected for this high risk loan. With excellent credit, it can be very hard to obtain financing, even with collateral and a co-signer.
6 Months in the Past, Sharda Attempted to Find a High Risk Loan for $31,000.00, and it was Easy
There is an ongoing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Sharda. Sharda decided not to get a high risk loan this time. High Risk loans are given to bad credit individuals. Borrowers with credit scores as low as 592 can inquire for a high risk loan and possibly can be approved.
Previous requests on Sharda’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$40700.00||5||8.6%||$836.99||State Street Bank and Trust Company||June 14, 2013|
|$41470.00||5||7.6%||$832.95||United States Trust Company||February 27, 2015|
|$41310.00||11||10.8%||$536.07||BayBank Harvard Trust Company||July 29, 2015|
|$41250.00||7||10.7%||$699.81||Durfee Attleboro Bank||September 6, 2015|
Contact Details for Avidia Bank, the provider of this high risk loan
- Avidia Bank
- City: Hudson
- State: Massachusetts
- Address: 42 Main Street
- County: Middlesex
- Zip code: 1749
Conclusion of Sharda’s high risk loan
In the end, Sharda was able to find a high risk loan for $80000 with an interest rate of 5.2% interest APR from Avidia Bank in Hudson, Massachusetts repayable over 7 years from now.