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8 Year Secured Loan For Lori In Augusta Maine

$39000 Secured Loan – Augusta Maine, Credit Rating Of 652

  • Experian: 668 – They had a good Experian score
  • Transunion: 633 – Lori had a good credit score with Transunion.
  • Equifax: Lori’s Experian score was 652, which is a good credit rating using the Experian system.
Client Profile: Lori Gudenkauf of Augusta, Maine
  • Full name (Changed if requested): Lori Gudenkauf
  • Current Credit: loans.hit.utils.Fico@8807e25
  • Current City: Augusta
  • State: Maine
  • Zip code: 4332
  • Yearly income: $67,000
  • Current Job: chemical plant operator
  • Current County: Kennebec
  • Goal Yearly Income: $121,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Paraphrased and Standardized Quote from Lori for this secured loan of $39000, provided by 1st Consumers Savings Bank

Hi, I am Lori and I’m from Augusta in Maine. Kennebec, county is where I grew up, and now I need a secured loan in Maine for $39000 to avoid bankruptcy. It wasn’t easy, but 1st Consumers Savings Bank really came through for me with this loan for 8.7% interest APR and a term of 11 years. I will repay the loan over the 11 year term, including interest. A big thanks to 1st Consumers Savings Bank for giving me a chance and my good credit. It look me 5 years to build my credit to 652, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Before applying for this secured loan, Lori had an Experian score of 668, which is good, so 1st Consumers Savings Bank most likely cannot provide Lori a secured loan

Experian Score: 668

Signature Loan easily acquired in Augusta, Maine for $39000 with good credit by Lori

A lot of clients struggle with finding signature loans in Augusta, Maine, and Lori is no different. Lori went to 8 lending institutions or more before finding 1st Consumers Savings Bank, who offered Lori a signature loan for $39000. Most signature loans simply require a client, like Lori’s signature to obtain them, up to $29,000 in some cases. Lori was able to get $39000 as a secured loan, which is very high for a secured loan. Since signature loans don’t require collateral, they tend to need improved credit, as high as 717

Lori’s Overall FICO score at the time of acceptance for a secured loan, taking into account their chemical plant operator job and their future job as an educational administrator

Fico Score: 652

Lori’s Transunion score was changed by the secured loan loan, changing to 633 from 652, which is typical in our experience.

Transunion Score: 633

Lori has a disappointing current yearly income, but has a large amount of prospects

Lori has always wanted to be an educational administrator, but would have to attend Ivy Tech Community College of Indiana again to achieve it. Lori has other prospects as well, including civil drafter, electrical parts reconditioner, and forging machine operator, which pay $53,000 through to $107,000 per year, at least. For this reason, we believe that Lori can afford this secured loan of $39000.

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

Normal debt consolidation loans range from $28,000.00 to $52,000.00. They are mainly used to pay off existing high interest loans like credit cards. Lori required a debt consolidation loan to pay for their existing secured loan and their payday loan. Lori was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.6%.

Fast Loans for Lori in Augusta, Maine to prevent bankruptcy or harm from debt collectors.

Fast loans in Augusta, Maine aren’t actually that difficult to obtain, especially if you have some finesse like Lori. Lori was able to find a fast loan for $39000 from Norway National Bank and Bar Harbor Bank & Trust, but turned down both offers in favor of their secured loan from 1st Consumers Savings Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big improvement in the case that a borrower is in a pinch.

Previous requests on Lori’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$95900.00 3 11.1% $3144.19 Fleet Bank of Maine February 26, 2011
$95730.00 7 8.8% $1530.51 Union Trust Company April 28, 2012
$96250.00 11 5.6% $978.31 Northeast Bank of Sanford October 4, 2013
$95780.00 11 5.5% $968.71 Bank of Maine, N. A. January 23, 2014

Lori was not approved by Merrill Bank, National Association 6 times before being granted funding by 1st Consumers Savings Bank at 235 Water Street

On June 3, 2010, Lori inquired about borrowing $39,000 from Katahdin Trust Company with Ronald, their friend from just outside Augusta, and even with the co-signer, Lori was rejected for this secured loan. With good credit, it can be challenging to obtain financing, even with collateral and a co-signer.

Personal Loan for a chemical plant operator named Lori in Augusta, Maine to Pay Off Citi / AAdvantage Gold MasterCard

Lori had a lot of credit card debt on their Franklin Templeton Bank & Trust Platinum MasterCard and their Chevron Credit Card / Texaco Credit Card, and they were starting to get in over their heads. Despite Lori’s job as a chemical plant operator, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Contact Details for 1st Consumers Savings Bank, the provider of this secured loan

  • 1st Consumers Savings Bank
  • City: Augusta
  • State: Maine
  • Address: 235 Water Street
  • County: Kennebec
  • Zip code: 4330

7 Months Ago, Lori Attempted to Find a High Risk Loan for $23,000.00, and it was Hard

It is an existing struggle for borrowers to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Lori. Lori chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Individuals with credit ratings as low as 383 can inquire for a high risk loan and may be be approved.

Multiple other requests for credit have been made by Lori in the past, including one from The Bank of River Oaks in Augusta, Maine before Lori was accepted for the $39000 by 1st Consumers Savings Bank

Lori made 4 previous attempts to obtain a secured loan, 2 of which were with The Bank of River Oaks, a lender in Augusta, Maine known to specialize in secured loans specifically. Before finding 1st Consumers Savings Bank, Lori was desperate due to their inexperience and good credit rating.

Installment loan for Lori, a graduate of Ivy Tech Community College of Indiana and a chemical plant operator working for over $69,000 per year

Lori, an alumnus at Ivy Tech Community College of Indiana and a chemical plant operator in Augusta, Maine needs a secured loan to purchase a house. Lori has instead decided to get an installment loan for $24,000 and is currently seeking lenders like Merchants National Bank of Bangor to process their request.

When Lori was 21, they attempted to obtain a student loan from 4 alternate banks, which damaged their credit rating. Below is a list of Lori’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on April 17, 2011
  • Attempt 2) Loan for $32,000.00 on November 18, 2011
  • Attempt 3) Loan for $39,000.00 on January 26, 2010
  • Attempt 4) Loan for $28,000.00 on March 23, 2012

Conclusion of Lori’s secured loan

In the end, Lori was able to find a secured loan for $39000 with an interest rate of 7.5% interest APR from 1st Consumers Savings Bank in Augusta, Maine repayable over 11 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.