$16000 Unsecured Loan – Rockville Maryland, Credit Rating Of 566
- Experian: 579 – The client had a fair Experian rating
- Transunion: 553 – Rory had a fair credit rating with Transunion.
- Equifax: Rory’s Experian score was 566, which is a fair credit score with the Experian rating scheme.
Rory was declined by Hampstead Bank of Carroll County, Maryland 5 times before being granted funding by American Bank at 1700 Rockville Pike
On April 16, 2011, Rory applied about borrowing $17,000 from First National Bank & Trust Co., Havre de Grace, Md. with Alton, their friend from just outside Rockville, and even with the co-signer, Rory was rejected for this unsecured loan. With fair credit, it can be a challenge to procure financing, even with collateral and a co-signer.
Fast Loans for Rory in Rockville, Maryland to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Rockville, Maryland aren’t actually that difficult to obtain, especially if you have some finesse like Rory. Rory was able to find a fast loan for $16000 from The Citizens National Bank and Farmers Bank of Maryland, but turned down both offers in favor of their unsecured loan from American Bank. 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 5 weeks for debt consolidation loans. A big improvement if a borrower is in a pinch.
8 Months in the Past, Rory Tried to Find a High Risk Loan for $47,000.00, but They Didn’t Find What They were Expecting
There is an existing struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Rory. Rory 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 ratings as low as 476 can inquire for a high risk loan and may be be approved.
- Full name (Changed if requested): Rory Bainard
- Current Credit: loans.hit.utils.Fico@53e25b76
- Current City: Rockville
- State: Maryland
- Zip code: 20858
- Yearly income: $61,000
- Current Job: bindery machine tender
- Current County: Montgomery
- Goal Yearly Income: $130,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Personal Loan for a bindery machine tender named Rory in Rockville, Maryland to Pay Off MCU Visa Gold
Rory had a tonne of credit card debt on their UNFCU Elite Credit Card and their University of Illinois Credit Card, and they were starting to get in over their heads. Despite Rory’s job as a bindery machine tender, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Previous requests on Rory’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$134320.00||10||10.1%||$1782.5||American Security Bank, National Association||July 1, 2012|
|$134430.00||11||8.1%||$1541.83||The Forest Hill State Bank||December 26, 2012|
|$133610.00||4||8.1%||$3268.09||Boonsboro Bank of Boonsboro, Maryland||May 30, 2013|
|$134450.00||7||5.1%||$1906.63||Farmers Bank||November 8, 2014|
|$133900.00||6||6.8%||$2270.02||St. Michaels Bank||December 2, 2014|
Installment loan for Rory, a graduate of Marian University and a bindery machine tender working for over $67,000 per year
Rory, an alumnus at Marian University and a bindery machine tender in Rockville, Maryland needs an unsecured loan to purchase a new cell phone. Rory has instead chosen to get an installment loan for $24,000 and is at present seeking lenders like FCNB Bank to provide it.
Rory’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their bindery machine tender job and their future career as a clinical dietitian
Rory’s Transunion score was changed by the unsecured loan loan, changing to 553 from 566, which is normal in our experience.
When Rory was 19, they attempted to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Rory’s previous attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on February 23, 2012
- Attempt 2) Loan for $32,000.00 on December 19, 2010
- Attempt 3) Loan for $31,000.00 on November 1, 2013
- Attempt 4) Loan for $33,000.00 on July 5, 2010
Signature Loan easily acquired in Rockville, Maryland for $16000 with fair credit by Rory
A lot of prospective borrowers struggle with finding signature loans in Rockville, Maryland, and Rory is no exception. Rory went to 7 lending institutions or more prior to settling on American Bank, who offered Rory a signature loan for $16000. Typical signature loans simply need a client, like Rory’s signature to get them, up to $22,000 in some cases. Rory was able to get $16000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not require collateral, these loans generally need improved credit, as high as 743
Multiple previous requests for credit have been made by Rory in the past, including one from Mid-State Bank & Trust in Rockville, Maryland before Rory was accepted for the $16000 by American Bank
Rory made 5 prior attempts to obtain an unsecured loan, 2 of which were with Mid-State Bank & Trust, a bank in Rockville, Maryland known to specialize in unsecured loans specifically. Prior to finding American Bank, Rory was very concerned due to their inexperience and fair credit score.
Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans range from $20,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Rory needed a debt consolidation loan to pay for their existing unsecured loan and their payday loan. Rory was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 2.3%.
Paraphrased and Standardized Quote from Rory for this unsecured loan of $16000, provided by American Bank
Hello, I am Rory and I’m from Rockville in Maryland. Montgomery, county is where I grew up, and now I need a unsecured loan in Maryland for $16000 to buy a car. It wasn’t easy, but American Bank really came through for me with this loan for 8.0% interest APR and a term of 17 years. I will repay the loan over the 17 year term, including interest. A big thanks to American Bank for trusting me and my fair credit. It look me 9 years to create my credit to 566, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.
Before applying for this unsecured loan, Rory had an Experian score of 579, which is fair, so American Bank probably cannot provide Rory an unsecured loan
Contact Details for American Bank, the provider of this unsecured loan
- American Bank
- City: Rockville
- State: Maryland
- Address: 1700 Rockville Pike
- County: Montgomery
- Zip code: 20852
Rory has a sad current total income, but has several of prospects
Rory has always wanted to be a clinical dietitian, but would need attend Marian University again to achieve it. Rory has other possibilities as well, including sales representative, college/university professor, and marine cargo surveyor, which pay $52,000 through to $96,000 per year, at least. For this reason, we think that Rory can afford this unsecured loan of $16000.
Conclusion of Rory’s unsecured loan
In the end, Rory was able to find an unsecured loan for $16000 with an interest rate of 9.6% interest APR from American Bank in Rockville, Maryland repayable over 17 years from now.