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4 Month, Fixed Interest Student Loan For Lanora In Maryland

$76000 Student Loan – Ellicott City Maryland, Credit Rating Of 382

  • Experian: 394 – This client had a terrible Experian score
  • Transunion: 367 – Lanora had a terrible credit rating with Transunion.
  • Equifax: Lanora’s Experian score was 382, which is a terrible credit score using the Experian scale.

When Lanora was 20, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a list of Lanora’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on August 10, 2009
  • Attempt 2) Loan for $33,000.00 on February 7, 2009
  • Attempt 3) Loan for $33,000.00 on May 18, 2009
  • Attempt 4) Loan for $22,000.00 on October 24, 2011

6 Months in the Past, Lanora Tried to Find a High Risk Loan for $28,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Lanora. Lanora decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Clients with credit scores as low as 381 can inquire for a high risk loan and have a chance to be accepted.

Signature Loan easily acquired in Ellicott City, Maryland for $76000 with terrible credit by Lanora

Many borrowers have difficulty with obtaining signature loans in Ellicott City, Maryland, and Lanora is the same. Lanora went to 6 lending institutions or more prior to finding Commercial and Farmers Bank, who offered Lanora a signature loan for $76000. Most signature loans simply need a client, like Lanora’s signature to get them, up to $24,000 in some cases. Lanora was able to get $76000 as a student loan, which is very high for a student loan. Since signature loans do not need a cosigner, they tend to require improved credit, as high as 778

Before applying for this student loan, Lanora had an Experian score of 394, which is terrible, so Commercial and Farmers Bank probably cannot provide Lanora a student loan

Experian Score: 394

Paraphrased and Standardized Quote from Lanora for this student loan of $76000, provided by Commercial and Farmers Bank

Hi, I am Lanora and I’m from Ellicott City in Maryland. Howard, county is where I grew up, and now I need a student loan in Maryland for $76000 to buy a car. It wasn’t easy, but Commercial and Farmers Bank really came through for me with this loan for 11.0% interest APR and a term of 4 years. I can repay the loan over the 4 year term, including interest. A big thanks to Commercial and Farmers Bank for trusting me and my terrible credit. It look me 8 years to create my credit to 382, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.

Lanora’s Overall FICO score at the time of acceptance for a student loan, taking into account their child care worker job and their future job as a fund raiser

Fico Score: 382

Installment loan for Lanora, a graduate of Broward College and a child care worker working for over $66,000 per year

Lanora, an alumnus at Broward College and a child care worker in Ellicott City, Maryland needs a student loan to purchase something frivolous. Lanora has instead decided to obtain an installment loan for $15,000 and is currently seeking lenders like The Detour Bank to provide it.

Previous requests on Lanora’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$60540.00 8 5.8% $789.7 American Security Bank, National Association December 18, 2008
$61410.00 5 7.6% $1233.45 The Forest Hill State Bank June 19, 2009
$61300.00 8 5.8% $799.61 Boonsboro Bank of Boonsboro, Maryland August 10, 2013
$60730.00 4 10.3% $1549.03 Farmers Bank March 31, 2014

Fast Loans for Lanora in Ellicott City, Maryland to prevent bankruptcy or harm from debt collectors.

Fast loans in Ellicott City, Maryland aren’t actually that difficult to obtain, especially if you have some gumption like Lanora. Lanora was able to find a fast loan for $76000 from Suburban Bank/Western and Suburban Bank/Western, but turned down both offers in favor of their student loan from Commercial and Farmers Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. An improvement in the case that a borrower is in a pinch.

Personal Loan for a child care worker named Lanora in Ellicott City, Maryland to Pay Off Fingerhut Credit Account

Lanora had a lot of credit card debt on their PayPal Plus MasterCard and their PNC Bank Core Visa Credit Card, and they were starting to get in over their heads. Despite Lanora’s job as a child care worker, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

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

Average debt consolidation loans range from $34,000.00 to $45,000.00. They are normally used to pay off existing high interest loans like credit cards. Lanora required a debt consolidation loan to pay for their existing student loan and their credit card. Lanora was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.4%.

Lanora has a very low current yearly income, but has a large amount of prospects

Lanora has always wanted to be a fund raiser, but would need attend Broward College again to achieve it. Lanora has other possibilities as well, including painters, referee / umpire, and police officer, which pay $51,000 through to $109,000 per year, at least. Because of this, we believe that Lanora can pay for this student loan of $76000.

Lanora’s Transunion score was altered by the student loan loan, changing to 367 from 382, which is typical in our experience.

Transunion Score: 367

Contact Details for Commercial and Farmers Bank, the provider of this student loan

  • Commercial and Farmers Bank
  • City: Ellicott City
  • State: Maryland
  • Address: U.S. Highway 40 And Rogers Avenue
  • County: Howard
  • Zip code: 21043

Lanora was not approved by 1880 Bank 4 times before being accepted by Commercial and Farmers Bank at U.S. Highway 40 And Rogers Avenue

On November 15, 2012, Lanora inquired about borrowing $13,000 from Boonsboro Bank of Boonsboro, Maryland with Cara, their friend from just outside Ellicott City, and even with the co-signer, Lanora was rejected for this student loan. With terrible credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Client Profile: Lanora Ivan of Ellicott City, Maryland
  • Full name (Changed if requested): Lanora Ivan
  • Current Credit: loans.hit.utils.Fico@5a42bbf4
  • Current City: Ellicott City
  • State: Maryland
  • Zip code: 21050
  • Yearly income: $36,000
  • Current Job: child care worker
  • Current County: Howard
  • Goal Yearly Income: $92,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Several previous requests for credit have been made by Lanora in the past, including one from American Bank Burnsville in Ellicott City, Maryland before Lanora was accepted for the $76000 by Commercial and Farmers Bank

Lanora made 6 prior attempts to obtain a student loan, 2 of which were with American Bank Burnsville, a lender in Ellicott City, Maryland known to specialize in student loans specifically. Before finding Commercial and Farmers Bank, Lanora was desperate due to their inexperience and terrible credit rating.

Conclusion of Lanora’s student loan

In the end, Lanora was able to find a student loan for $76000 with an interest rate of 6.7% interest APR from Commercial and Farmers Bank in Ellicott City, Maryland repayable over 4 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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