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19 Year, Variable Interest Consolidation Loan For Nicol In New Jersey

$24000 Consolidation Loan – Millville New Jersey, Credit Score Of 480

  • Experian: 496 – This individual had a bad Experian score
  • Transunion: 461 – Nicol had a bad credit rating with Transunion.
  • Equifax: Nicol’s Experian score was 480, which is a bad credit score using the Experian system.

Paraphrased and Standardized Quote from Nicol for this consolidation loan of $24000, provided by Millville Savings and Loan Association

Hi, I am Nicol and my hometown is Millville in New Jersey. Cumberland, county is where I grew up, and now I need a consolidation loan in New Jersey for $24000 to buy a car. It wasn’t easy, but Millville Savings and Loan Association really came through for me with this loan for 10.6% interest APR and a term of 19 years. I can probably repay the loan over the 19 year term, including interest. A big thanks to Millville Savings and Loan Association for trusting me and my bad credit. It look me 4 years to create my credit to 480, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

6 Months in the Past, Nicol Attempted to Find a High Risk Loan for $38,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for clients to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Nicol. Nicol decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Borrowers with credit ratings as low as 366 can inquire for a high risk loan and possibly can be approved.

Signature Loan acquired in Millville, New Jersey for $24000 with bad credit by Nicol

A lot of borrowers have difficulty with finding signature loans in Millville, New Jersey, and Nicol is not an exception. Nicol went to 7 lenders or more before finding Millville Savings and Loan Association, who offered Nicol a signature loan for $24000. Most signature loans simply need a client, like Nicol’s signature to obtain them, up to $20,000 in some cases. Nicol was able to get $24000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not need collateral, they tend to need improved credit, as high as 791

Nicol’s Transunion score was altered by the consolidation loan loan, changing to 461 from 480, which is normal in our experience.

Transunion Score: 461

Nicol has a disappointing current total income, but has a high number of prospects

Nicol has always wanted to be a hospital administrator, but would need attend New England Bible College again to become one. Nicol has other prospects as well, including video engineer, ballistics expert, and credit adjuster, which pay $51,000 through to $100,000 per year, at least. Because of this, we believe that Nicol can pay for this consolidation loan of $24000.

Previous requests on Nicol’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$73230.00 3 5.4% $2207.94 The State Bank of North Jersey July 4, 2009
$72510.00 11 8.3% $839.49 Carteret Bank and Trust Company April 21, 2011
$73350.00 11 10.4% $935.01 United Jersey Bank/Northwest October 24, 2011
$73130.00 8 10.8% $1140.88 People’s Trust Company September 24, 2012

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $29,000.00 to $59,000.00. They are typically used to pay off existing high interest loans like credit cards. Nicol required a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Nicol was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.6%.

Personal Loan for a human resources management advisor named Nicol in Millville, New Jersey to Pay Off Merrill Lynch Merrill+ Visa

Nicol had a lot of credit card debt on their PartnersFirst Visa and their DCU Visa Platinum Secured Credit Card, and they were starting to get in over their heads. Despite Nicol’s job as a human resources management advisor, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Multiple past requests for credit have been made by Nicol in the past, including one from Citizens Bank & Trust Company in Millville, New Jersey before Nicol was accepted for the $24000 by Millville Savings and Loan Association

Nicol made 5 previous attempts to obtain a consolidation loan, 2 of which were with Citizens Bank & Trust Company, a lender in Millville, New Jersey known to specialize in consolidation loans specifically. Before finding Millville Savings and Loan Association, Nicol was desperate due to their inexperience and bad credit rating.

Nicol’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their human resources management advisor job and their future career as a hospital administrator

Fico Score: 480

Client Profile: Nicol Bump of Millville, New Jersey
  • Full name (Changed if requested): Nicol Bump
  • Current Credit: loans.hit.utils.Fico@52cc8049
  • Current City: Millville
  • State: New Jersey
  • Zip code: 8340
  • Yearly income: $34,000
  • Current Job: human resources management advisor
  • Current County: Cumberland
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

When Nicol was 23, they attempted to obtain a student loan from 5 different banks, which damaged their credit score. Below is a list of Nicol’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on January 19, 2013
  • Attempt 2) Loan for $21,000.00 on October 24, 2011
  • Attempt 3) Loan for $35,000.00 on May 4, 2011
  • Attempt 4) Loan for $26,000.00 on February 11, 2013
  • Attempt 5) Loan for $31,000.00 on April 24, 2010

Nicol was rejected by Bank of West Jersey 4 times prior to being accepted by Millville Savings and Loan Association at 904 West Main Street

On February 7, 2012, Nicol applied about borrowing $10,000 from Chemical Bank New Jersey, National Association with Robbie, their in law from just outside Millville, and even with the co-signer, Nicol was rejected for this consolidation loan. With bad credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Installment loan for Nicol, a graduate of New England Bible College and a human resources management advisor working for over $60,000 per year

Nicol, an alumnus at New England Bible College and a human resources management advisor in Millville, New Jersey wants a consolidation loan to purchase a car. Nicol has instead chosen to obtain an installment loan for $16,000 and is at present seeking lenders like The State Bank of North Jersey to process their request.

Fast Loans for Nicol in Millville, New Jersey to prevent bankruptcy or harm from debt collectors.

Fast loans in Millville, New Jersey aren’t actually that difficult to obtain, particularly if you have some gumption like Nicol. Nicol was able to find a fast loan for $24000 from Bank of West Jersey and Suburban Trust Company, but turned down both offers in favor of their consolidation loan from Millville Savings and Loan Association. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. Much better if a client is in a pinch.

Contact Details for Millville Savings and Loan Association, the provider of this consolidation loan

  • Millville Savings and Loan Association
  • City: Millville
  • State: New Jersey
  • Address: 904 West Main Street
  • County: Cumberland
  • Zip code: 8332

Before applying for this consolidation loan, Nicol had an Experian score of 496, which is bad, so Millville Savings and Loan Association probably cannot provide Nicol a consolidation loan

Experian Score: 496

Conclusion of Nicol’s consolidation loan

In the end, Nicol was able to find a consolidation loan for $24000 with an interest rate of 7.7% interest APR from Millville Savings and Loan Association in Millville, New Jersey repayable over 19 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.