$147000 Consolidation Loan – Trumbull Connecticut, Credit Rating Of 382
- Experian: 398 – The client had a terrible Experian score
- Transunion: 363 – Jin had a terrible credit score with Transunion.
- Equifax: Jin’s Experian score was 382, which is a terrible credit score on the Experian rating scheme.
Jin’s Transunion score was altered by the consolidation loan loan, changing to 363 from 382, which is typical in our experience.
Before applying for this consolidation loan, Jin had an Experian score of 398, which is terrible, so The Bank of Trumbull probably cannot provide Jin a consolidation loan
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans range from $21,000.00 to $49,000.00. They are normally used to pay off existing high interest loans like credit cards. Jin needed a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Jin was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your bad, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 2.3%.
Fast Loans for Jin in Trumbull, Connecticut to prevent bankruptcy or harm from debt collectors.
Fast loans in Trumbull, Connecticut aren’t actually that difficult to obtain, particularly if you have some gumption like Jin. Jin was able to find a fast loan for $147000 from New Britain Bank and Trust Company and The Jewett City Trust Company, but declined both offers in favor of their consolidation loan from The Bank of Trumbull. 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 installment loans. A big improvement if you are in a pinch.
Personal Loan for a mine inspector named Jin in Trumbull, Connecticut to Pay Off AeroMexico Visa Signature Card- from US Bank
Jin had a lot of credit card debt on their Simmons Bank Visa Classic and their American Savings Bank Business Edition Visa Card with Absolute Rewards, and they were starting to get in over their heads. Despite Jin’s job as a mine inspector, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Installment loan for Jin, a graduate of Lamar University and a mine inspector working for over $60,000 per year
Jin, an alumnus at Lamar University and a mine inspector in Trumbull, Connecticut wants a consolidation loan to purchase a car. Jin has instead decided to obtain an installment loan for $9,000 and is at present seeking lenders like Colonial Bank of Waterbury to process their request.
Jin’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their mine inspector job and their future career as an airline flight attendant
7 Months in the Past, Jin Attempted Finding a High Risk Loan for $41,000.00, and it was Hard
There is an well known struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Jin. Jin decided not to get a high risk loan this time. High Risk loans are given to terrible credit individuals. Individuals with credit ratings as low as 429 can apply for a high risk loan and possibly can be approved.
When Jin was 23, they attempted to obtain a student loan from 6 different lenders, which damaged their credit rating. Below is a chronology of Jin’s previous attempts at finding a student loan:
- Attempt 1) Loan for $30,000.00 on October 27, 2010
- Attempt 2) Loan for $37,000.00 on January 25, 2010
- Attempt 3) Loan for $33,000.00 on May 18, 2011
- Attempt 4) Loan for $26,000.00 on June 5, 2011
- Attempt 5) Loan for $23,000.00 on September 20, 2009
- Attempt 6) Loan for $31,000.00 on August 26, 2009
Signature Loan acquired in Trumbull, Connecticut for $147000 with terrible credit by Jin
A lot of borrowers have difficulty with finding signature loans in Trumbull, Connecticut, and Jin is no different. Jin went to 4 lenders or more prior to settling on The Bank of Trumbull, who offered Jin a signature loan for $147000. Typical signature loans simply require a client, like Jin’s signature to obtain them, up to $39,000 in some cases. Jin was able to get $147000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans don’t need a cosigner, they tend to need better credit, as high as 754
Paraphrased and Standardized Quote from Jin for this consolidation loan of $147000, provided by The Bank of Trumbull
Hello, I am Jin and I’m from Trumbull in Connecticut. Fairfield, county is where I grew up, and now I need a consolidation loan in Connecticut for $147000 to avoid bankruptcy. It has been difficult, but The Bank of Trumbull really came through for me with this loan for 11.6% interest APR and a term of 23 years. I will repay the loan over the 23 year term, including interest. A big thanks to The Bank of Trumbull for trusting me and my terrible credit. It look me 7 years to create my credit to 382, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.
Multiple other requests for credit have been made by Jin in the past, including one from GoldenBank, National Association, Englewood in Trumbull, Connecticut before Jin was accepted for the $147000 by The Bank of Trumbull
Jin made 5 previous tries to obtain a consolidation loan, 2 of which were with GoldenBank, National Association, Englewood, a bank in Trumbull, Connecticut known to specialize in consolidation loans specifically. Before finding The Bank of Trumbull, Jin was desperate due to their inexperience and terrible credit rating.
- Full name (Changed if requested): Jin Wimsatt
- Current Credit: loans.hit.utils.Fico@5e265ba4
- Current City: Trumbull
- State: Connecticut
- Zip code: 6615
- Yearly income: $35,000
- Current Job: mine inspector
- Current County: Fairfield
- Goal Yearly Income: $100,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Previous requests on Jin’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$149210.00||4||6.6%||$3545.39||Colonial Bank of Waterbury||April 24, 2009|
|$148780.00||9||5.1%||$1720.73||The Canaan National Bank||October 12, 2011|
|$149420.00||9||8.5%||$1984.2||The Clinton National Bank||May 17, 2012|
|$148660.00||10||7.5%||$1764.62||Deep River Bank and Trust Company||October 9, 2013|
|$149240.00||9||11.4%||$2215.9||The National Bank of New England of East Haddam||September 25, 2014|
Jin has a disappointing current yearly income, but has several of prospects
Jin has always wanted to be an airline flight attendant, but would have to attend Lamar University again to achieve it. Jin has other prospects as well, including oceanographic assistant, court administrator, and sales promoter, which pay $50,000 through to $95,000 per year, at least. Because of this, we believe that Jin can afford this consolidation loan of $147000.
Contact Details for The Bank of Trumbull, the provider of this consolidation loan
- The Bank of Trumbull
- City: Trumbull
- State: Connecticut
- Address: 955 White Plains Road
- County: Fairfield
- Zip code: 6611
Jin was not approved by Colonial Bank of Plainville 4 times prior to being granted funding by The Bank of Trumbull at 955 White Plains Road
On May 28, 2010, Jin inquired about borrowing $38,000 from The First National Bank of Suffield with Alla, their in law from just outside Trumbull, and even with the co-signer, Jin was rejected for this consolidation loan. With terrible credit, it can be a challenge to obtain funding, even with collateral and a co-signer.
Conclusion of Jin’s consolidation loan
In the end, Jin was able to find a consolidation loan for $147000 with an interest rate of 9.4% interest APR from The Bank of Trumbull in Trumbull, Connecticut repayable over 23 years from now.