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$92000 Secured Loan With Good Credit In Denver Pennsylvania

$92000 Secured Loan – Denver Pennsylvania, Credit Rating Of 632

  • Experian: 643 – They had a good Experian rating
  • Transunion: 617 – Vernon had a good credit score with Transunion.
  • Equifax: Vernon’s Experian score was 632, which is a good credit rating using the Experian system.

Vernon was not approved by Summit Hill Trust Company 5 times prior to being granted funding by The Denver National Bank at Main Street

On November 20, 2012, Vernon applied about borrowing $46,000 from SunBank with Young, their in law from just outside Denver, and even with the co-signer, Vernon was rejected for this secured loan. With good credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Client Profile: Vernon Duncker of Denver, Pennsylvania
  • Full name (Changed if requested): Vernon Duncker
  • Current Credit: loans.hit.utils.Fico@58d25a40
  • Current City: Denver
  • State: Pennsylvania
  • Zip code: 17526
  • Yearly income: $35,000
  • Current Job: weather observer
  • Current County: Lancaster
  • Goal Yearly Income: $132,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Vernon’s Overall FICO score at the time of acceptance for a secured loan, taking into account their weather observer job and their future job as a geological technician

Fico Score: 632

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

Vernon has always wanted to be a geological technician, but would need attend University of Pittsburgh – Main Campus again to achieve it. Vernon has other prospects as well, including screen writer, building inspector, and communication equipment mechanic, which pay $57,000 through to $98,000 per year, at least. Because of this, we think that Vernon can pay for this secured loan of $92000.

Previous requests on Vernon’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$58740.00 11 6.5% $624.04 The People’s Bank of Oxford October 20, 2009
$59340.00 5 5.1% $1122.54 First Lehigh Bank November 11, 2013
$59380.00 5 8.4% $1215.41 SunBank December 31, 2013
$58570.00 6 6.3% $978.99 Merchants Bank (North) August 26, 2014

Paraphrased and Standardized Quote from Vernon for this secured loan of $92000, provided by The Denver National Bank

Hi, I am Vernon and I’m from Denver in Pennsylvania. Lancaster, county is where I grew up, and now I need a secured loan in Pennsylvania for $92000 to buy a big ticket item. It wasn’t easy, but The Denver National Bank really came through for me with this loan for 7.7% interest APR and a term of 13 years. I can repay the loan over the 13 year term, including interest. A big thanks to The Denver National Bank for trusting me and my good credit. It look me 7 years to build my credit to 632, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

7 Months Ago, Vernon Attempted to Find a High Risk Loan for $34,000.00, and it was Easy

There is an ongoing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Vernon. Vernon chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Individuals with credit scores as low as 389 can apply for a high risk loan and have a chance to be accepted.

Fast Loans for Vernon in Denver, Pennsylvania to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Denver, Pennsylvania aren’t actually that difficult to obtain, particularly if you have some gumption like Vernon. Vernon was able to find a fast loan for $92000 from Penn Security Bank and Trust Company and The Houtzdale Bank, but turned down both offers in favor of their secured loan from The Denver National Bank. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement in the case that a client is in a time sensitive situation.

Contact Details for The Denver National Bank, the provider of this secured loan

  • The Denver National Bank
  • City: Denver
  • State: Pennsylvania
  • Address: Main Street
  • County: Lancaster
  • Zip code: 17517

Many past requests for credit have been made by Vernon in the past, including one from Richmond Federal Savings and Loan Association in Denver, Pennsylvania before Vernon was accepted for the $92000 by The Denver National Bank

Vernon made 4 previous attempts to obtain a secured loan, 2 of which were with Richmond Federal Savings and Loan Association, a lender in Denver, Pennsylvania known to specialize in secured loans specifically. Before finding The Denver National Bank, Vernon was very concerned due to their inexperience and good credit score.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $32,000.00 to $42,000.00. They are normally used to pay off existing high interest loans like credit cards. Vernon required a debt consolidation loan to pay for their existing secured loan and their loan shark loan. Vernon was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.0%.

Personal Loan for a weather observer named Vernon in Denver, Pennsylvania to Pay Off First Niagara Standard Rewards Mastercard

Vernon had a lot of credit card debt on their REI MasterCard and their Belk Rewards Card, and they were starting to get in over their heads. Despite Vernon’s job as a weather observer, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this secured loan, Vernon had an Experian score of 643, which is good, so The Denver National Bank probably cannot provide Vernon a secured loan

Experian Score: 643

Installment loan for Vernon, a graduate of University of Pittsburgh – Main Campus and a weather observer working for over $77,000 per year

Vernon, an alumnus at University of Pittsburgh – Main Campus and a weather observer in Denver, Pennsylvania wants a secured loan to purchase something frivolous. Vernon has instead chosen to get an installment loan for $28,000 and is at present seeking lenders like PS Bank to provide it.

Vernon’s Transunion score was changed by the secured loan loan, changing to 617 from 632, which is normal in our experience.

Transunion Score: 617

Signature Loan acquired in Denver, Pennsylvania for $92000 with good credit by Vernon

Most prospective borrowers have difficulty with finding signature loans in Denver, Pennsylvania, and Vernon is no different. Vernon went to 6 lenders or more before settling on The Denver National Bank, who offered Vernon a signature loan for $92000. Most signature loans simply need a client, like Vernon’s signature to obtain them, up to $37,000 in some cases. Vernon was able to get $92000 as a secured loan, which is very high for a secured loan. Because signature loans don’t require a cosigner, these loans tend to require improved credit, as high as 745

When Vernon was 18, they tried to obtain a student loan from 5 different banks, which damaged their credit score. Below is a chronology of Vernon’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on March 17, 2010
  • Attempt 2) Loan for $31,000.00 on October 7, 2009
  • Attempt 3) Loan for $23,000.00 on September 19, 2010
  • Attempt 4) Loan for $32,000.00 on September 8, 2010
  • Attempt 5) Loan for $39,000.00 on May 17, 2011

Conclusion of Vernon’s secured loan

In the end, Vernon was able to find a secured loan for $92000 with an interest rate of 5.2% interest APR from The Denver National Bank in Denver, Pennsylvania repayable over 13 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.