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9 Month, Variable Interest Private Loan For Dean In Maryland

$6000 Private Loan – Baltimore Maryland, Credit Rating Of 706

  • Experian: 724 – They had a good Experian score
  • Transunion: 691 – Dean had a good credit rating with Transunion.
  • Equifax: Dean’s Experian score was 706, which is a good credit rating with the Experian rating scheme.

Many past requests for credit have been made by Dean in the past, including one from The Bank of Hollywood in Baltimore, Maryland before Dean was approved for the $6000 by Edmondson Federal Savings and Loan Association of Baltimore Co

Dean made 6 previous attempts to obtain a private loan, 2 of which were with The Bank of Hollywood, a lender in Baltimore, Maryland known to specialize in private loans specifically. Prior to finding Edmondson Federal Savings and Loan Association of Baltimore Co, Dean was desperate due to their inexperience and good credit rating.

Dean has a low current gross income, but has a large amount of prospects

Dean has always wanted to be a farm hand, but would have to attend University of Mary again to become one. Dean has other prospects as well, including avionics technician, script editor, and high school guidance counselor, which pay $51,000 through to $90,000 per year, at least. For this reason, we believe that Dean can pay for this private loan of $6000.

Installment loan for Dean, a graduate of University of Mary and a bindery machine tender working for over $74,000 per year

Dean, an alumnus at University of Mary and a bindery machine tender in Baltimore, Maryland needs a private loan to purchase a car. Dean has instead decided to get an installment loan for $3,000 and is at present seeking lenders like Farmers & Mechanics Bank to process their request.

Dean’s Overall FICO score at the time of acceptance for a private loan, taking into account their bindery machine tender job and their future career as a farm hand

Fico Score: 706

Paraphrased and Standardized Quote from Dean for this private loan of $6000, provided by Edmondson Federal Savings and Loan Association of Baltimore Co

Hi, I am Dean and I’m from Baltimore in Maryland. Baltimore City, county is where I grew up, and now I need a private loan in Maryland for $6000 to pay bills. It has been difficult, but Edmondson Federal Savings and Loan Association of Baltimore Co really came through for me with this loan for 10.1% interest APR and a term of 9 years. I will repay the loan over the 9 year term, including interest. A big thanks to Edmondson Federal Savings and Loan Association of Baltimore Co for trusting me and my good credit. It look me 8 years to build my credit to 706, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.

Client Profile: Dean Mercado of Baltimore, Maryland
  • Full name (Changed if requested): Dean Mercado
  • Current Credit: loans.hit.utils.Fico@1f17ae12
  • Current City: Baltimore
  • State: Maryland
  • Zip code: 21229
  • Yearly income: $64,000
  • Current Job: bindery machine tender
  • Current County: Baltimore City
  • Goal Yearly Income: $122,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

7 Months Ago, Dean Tried Finding a High Risk Loan for $32,000.00, 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 coming from loan sharks or the like, which can be physically harmful to borrowers like Dean. Dean chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Borrowers with credit scores as low as 401 can apply for a high risk loan and may be be approved.

When Dean was 19, they attempted to obtain a student loan from 4 different lenders, which damaged their credit score. Below is a list of Dean’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on November 24, 2008
  • Attempt 2) Loan for $38,000.00 on July 24, 2009
  • Attempt 3) Loan for $34,000.00 on March 5, 2009
  • Attempt 4) Loan for $27,000.00 on February 10, 2013

Dean was declined by Farmers Bank of Maryland 6 times before being accepted by Edmondson Federal Savings and Loan Association of Baltimore Co at 5512 Baltimore National Pike

On April 17, 2009, Dean inquired about borrowing $25,000 from The Bank of Brunswick with Letty, their in law from just outside Baltimore, and even with the co-signer, Dean was rejected for this private loan. With good credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans vary from $20,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Dean required a debt consolidation loan to pay for their existing private loan and their credit card. Dean was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.0%.

Contact Details for Edmondson Federal Savings and Loan Association of Baltimore Co, the provider of this private loan

  • Edmondson Federal Savings and Loan Association of Baltimore Co
  • City: Baltimore
  • State: Maryland
  • Address: 5512 Baltimore National Pike
  • County: Baltimore City
  • Zip code: 21228

Dean’s Transunion score was changed by the private loan loan, changing to 691 from 706, which is typical in our experience.

Transunion Score: 691

Signature Loan found in Baltimore, Maryland for $6000 with good credit by Dean

Most clients have difficulty with obtaining signature loans in Baltimore, Maryland, and Dean is not an exception. Dean went to 4 lenders or more prior to settling on Edmondson Federal Savings and Loan Association of Baltimore Co, who offered Dean a signature loan for $6000. Most signature loans simply require a client, like Dean’s signature to get them, up to $35,000 in some cases. Dean was able to get $6000 as a private loan, which is very high for a private loan. Since signature loans don’t require a cosigner, they generally require better credit, as high as 759

Previous requests on Dean’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$99810.00 5 7.2% $1985.79 American Security Bank, National Association April 27, 2012
$99750.00 6 5.4% $1625.04 The Forest Hill State Bank June 22, 2014
$100100.00 8 11.8% $1615.93 Boonsboro Bank of Boonsboro, Maryland November 9, 2014
$100320.00 8 8.8% $1459.32 Farmers Bank March 24, 2015

Before applying for this private loan, Dean had an Experian score of 724, which is good, so Edmondson Federal Savings and Loan Association of Baltimore Co most likely cannot provide Dean a private loan

Experian Score: 724

Personal Loan for a bindery machine tender named Dean in Baltimore, Maryland to Pay Off First National Bank Platinum Edition Visa Card

Dean had a tonne of credit card debt on their ShopNBC Credit Card and their Fifth Third Bank Secured MasterCard, and they were starting to get in over their heads. Despite Dean’s job as a bindery machine tender, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Fast Loans for Dean in Baltimore, Maryland to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Baltimore, Maryland aren’t actually that difficult to obtain, particularly if you have some finesse like Dean. Dean was able to find a fast loan for $6000 from Hampstead Bank of Carroll County, Maryland and The Denton National Bank, but turned down both offers in favor of their private loan from Edmondson Federal Savings and Loan Association of Baltimore Co. 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 5 weeks for debt consolidation loans. A big improvement in the case that you are in a time sensitive situation.

Conclusion of Dean’s private loan

In the end, Dean was able to find a private loan for $6000 with an interest rate of 6.4% interest APR from Edmondson Federal Savings and Loan Association of Baltimore Co in Baltimore, Maryland repayable over 9 years from now.

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.