Do you have over $10,000 in Debt? Get Help now.

$56000 No Collateral Loan With Excellent Credit In Winchendon Massachusetts

$56000 No Collateral Loan – Winchendon Massachusetts, Credit Score Of 799

  • Experian: 817 – This client had an excellent Experian rating
  • Transunion: 781 – Fausto had an excellent credit rating with Transunion.
  • Equifax: Fausto’s Experian score was 799, which is an excellent credit score using the Experian rating scheme.

Signature Loan found in Winchendon, Massachusetts for $56000 with excellent credit by Fausto

Many clients have difficulty with obtaining signature loans in Winchendon, Massachusetts, and Fausto is the same. Fausto went to 8 lenders or more before settling on The First National Bank of Winchendon, who offered Fausto a signature loan for $56000. Most signature loans simply require a client, like Fausto’s signature to get them, up to $40,000 in some cases. Fausto was able to get $56000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans do not require a cosigner, they tend to need higher credit, as high as 702

Client Profile: Fausto Neilly of Winchendon, Massachusetts
  • Full name (Changed if requested): Fausto Neilly
  • Current Credit: loans.hit.utils.Fico@7fbe847c
  • Current City: Winchendon
  • State: Massachusetts
  • Zip code: 1476
  • Yearly income: $67,000
  • Current Job: tool & machine designer
  • Current County: Worcester
  • Goal Yearly Income: $114,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Fausto was declined by Shawmut Bank of Franklin County 5 times prior to being approved by The First National Bank of Winchendon at 114 Central Street

On June 15, 2011, Fausto inquired about borrowing $11,000 from Shawmut Bank of Hampshire County, National Association with Antoinette, their in law from just outside Winchendon, and even with the co-signer, Fausto was rejected for this no collateral loan. With excellent credit, it can be a challenge to procure funding, even with collateral and a co-signer.

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

Most debt consolidation loans range from $30,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Fausto required a debt consolidation loan to pay for their existing no collateral loan and their payday loan. Fausto was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.8%.

When Fausto was 18, they attempted to obtain a student loan from 4 alternate lenders, which damaged their credit rating. Below is a chronology of Fausto’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on September 19, 2009
  • Attempt 2) Loan for $38,000.00 on September 21, 2010
  • Attempt 3) Loan for $31,000.00 on September 30, 2010
  • Attempt 4) Loan for $22,000.00 on December 5, 2012

Fausto’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their tool & machine designer job and their future job as a medical photographer

Fico Score: 799

Fausto has a sad current gross income, but has several of prospects

Fausto has always wanted to be a medical photographer, but would have to attend Franklin Pierce University again to achieve it. Fausto has other possibilities as well, including craft artist, criminal lawyer, and agricultural product sorter, which pay $52,000 through to $96,000 per year, on average. For this reason, we believe that Fausto can pay for this no collateral loan of $56000.

Fast Loans for Fausto in Winchendon, Massachusetts to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Winchendon, Massachusetts aren’t actually that difficult to obtain, especially if you have some finesse like Fausto. Fausto was able to find a fast loan for $56000 from United States Trust Company and Natick Trust Company, but declined both offers in favor of their no collateral loan from The First National Bank of Winchendon. 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. A big difference in the case that you are in a time sensitive situation.

Personal Loan for a tool & machine designer named Fausto in Winchendon, Massachusetts to Pay Off Fifth Third Secured Card

Fausto had a lot of credit card debt on their Lufthansa Miles & More World MasterCard and their HOOTERS MasterCard, and they were starting to get in over their heads. Despite Fausto’s job as a tool & machine designer, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Fausto, a graduate of Franklin Pierce University and a tool & machine designer working for over $70,000 per year

Fausto, an alumnus at Franklin Pierce University and a tool & machine designer in Winchendon, Massachusetts needs a no collateral loan to purchase a house. Fausto has instead decided to get an installment loan for $13,000 and is at present seeking lenders like First Bristol County National Bank to process their request.

Contact Details for The First National Bank of Winchendon, the provider of this no collateral loan

  • The First National Bank of Winchendon
  • City: Winchendon
  • State: Massachusetts
  • Address: 114 Central Street
  • County: Worcester
  • Zip code: 1475

Before applying for this no collateral loan, Fausto had an Experian score of 817, which is excellent, so The First National Bank of Winchendon likely cannot provide Fausto a no collateral loan

Experian Score: 817

Fausto’s Transunion score was altered by the no collateral loan loan, changing to 781 from 799, which is normal in our experience.

Transunion Score: 781

9 Months Ago, Fausto Attempted Finding a High Risk Loan for $30,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Fausto. Fausto chose not to obtain 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 584 can inquire for a high risk loan and have a chance to be accepted.

Previous requests on Fausto’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$84850.00 9 6.5% $1039.8 State Street Bank and Trust Company June 23, 2009
$84520.00 5 9.2% $1762.71 United States Trust Company August 25, 2011
$84810.00 3 5.4% $2557.09 BayBank Harvard Trust Company September 15, 2013
$85320.00 5 5.8% $1641.55 Durfee Attleboro Bank March 30, 2015
$85340.00 3 7.4% $2650.69 Bank of New England – North Shore June 24, 2015

Many past requests for credit have been made by Fausto in the past, including one from Heritage Bank, N.A. – Hopedale in Winchendon, Massachusetts before Fausto was approved for the $56000 by The First National Bank of Winchendon

Fausto made 9 previous tries to obtain a no collateral loan, 2 of which were with Heritage Bank, N.A. – Hopedale, a bank in Winchendon, Massachusetts known to specialize in no collateral loans specifically. Prior to finding The First National Bank of Winchendon, Fausto was very concerned due to their inexperience and excellent credit score.

Paraphrased and Standardized Quote from Fausto for this no collateral loan of $56000, provided by The First National Bank of Winchendon

Hi, I am Fausto and I am from Winchendon in Massachusetts. Worcester, county is where I grew up, and now I need a no collateral loan in Massachusetts for $56000 to avoid bankruptcy. It wasn’t easy, but The First National Bank of Winchendon really came through for me with this loan for 9.6% interest APR and a term of 6 years. I can probably repay the loan over the 6 year term, including interest. A big thanks to The First National Bank of Winchendon for trusting me and my excellent credit. It look me 9 years to create my credit to 799, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.

Conclusion of Fausto’s no collateral loan

In the end, Fausto was able to find a no collateral loan for $56000 with an interest rate of 5.0% interest APR from The First National Bank of Winchendon in Winchendon, Massachusetts repayable over 6 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.