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Low Rate Debt Consolidation Loan For Shara In Biddeford, Maine

$44000 Debt Consolidation Loan – Biddeford Maine, Credit Score Of 387

  • Experian: 397 – They had a terrible Experian score
  • Transunion: 369 – Shara had a terrible credit rating with Transunion.
  • Equifax: Shara’s Experian score was 387, which is a terrible credit rating with the Experian scale.

Shara’s Transunion score was altered by the debt consolidation loan loan, changing to 369 from 387, which is normal in our experience.

Transunion Score: 369

Shara has a very low current yearly income, but has several of prospects

Shara has always wanted to be a nuclear power reactor operator, but would need attend DeVry University again to become one. Shara has other prospects as well, including building maintenance mechanic, pilot, and directory assistance operator, which pay $57,000 through to $96,000 per year, at least. Because of this, we believe that Shara can pay for this debt consolidation loan of $44000.

Paraphrased and Standardized Quote from Shara for this debt consolidation loan of $44000, provided by Pepperell Bank & Trust

Hi, I am Shara and my hometown is Biddeford in Maine. York, county is where I grew up, and now I need a debt consolidation loan in Maine for $44000 to pay bills. It wasn’t easy, but Pepperell Bank & Trust really came through for me with this loan for 10.2% interest APR and a term of 18 years. I will repay the loan over the 18 year term, including interest. A big thanks to Pepperell Bank & Trust for trusting me and my terrible credit. It look me 4 years to create my credit to 387, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

Fast Loans for Shara in Biddeford, Maine to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Biddeford, Maine aren’t actually that difficult to obtain, particularly if you have some gumption like Shara. Shara was able to find a fast loan for $44000 from The First National Bank of Houlton and Norstar Bank of Maine, but declined both offers in favor of their debt consolidation loan from Pepperell Bank & Trust. 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 installment loans. A big difference in the case that you are in a time sensitive situation.

Previous requests on Shara’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$11570.00 4 6.1% $272.25 Fleet Bank of Maine August 16, 2011
$12340.00 5 9.2% $257.36 Union Trust Company August 27, 2013
$11760.00 6 11.6% $227.47 Northeast Bank of Sanford January 30, 2015
$12130.00 11 11.7% $163.77 Bank of Maine, N. A. March 20, 2015
$12450.00 9 11.1% $182.78 Merchants National Bank of Bangor May 6, 2015

Personal Loan for a medical administrative assistant named Shara in Biddeford, Maine to Pay Off MINI Platinum Visa Credit Card

Shara had a tonne of credit card debt on their Amalgamated Bank MasterCard Union Card and their Simmons Bank Visa Classic, and they were starting to get in over their heads. Despite Shara’s job as a medical administrative assistant, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Several other requests for credit have been made by Shara in the past, including one from The First National Bank of Atlanta in Biddeford, Maine before Shara was approved for the $44000 by Pepperell Bank & Trust

Shara made 6 previous tries to obtain a debt consolidation loan, 2 of which were with The First National Bank of Atlanta, a lender in Biddeford, Maine known to specialize in debt consolidation loans specifically. Prior to finding Pepperell Bank & Trust, Shara was very concerned due to their inexperience and terrible credit rating.

Client Profile: Shara Ober of Biddeford, Maine
  • Full name (Changed if requested): Shara Ober
  • Current Credit: loans.hit.utils.Fico@1edf1c96
  • Current City: Biddeford
  • State: Maine
  • Zip code: 4013
  • Yearly income: $43,000
  • Current Job: medical administrative assistant
  • Current County: York
  • Goal Yearly Income: $117,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Shara’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their medical administrative assistant job and their future career as a nuclear power reactor operator

Fico Score: 387

Contact Details for Pepperell Bank & Trust, the provider of this debt consolidation loan

  • Pepperell Bank & Trust
  • City: Biddeford
  • State: Maine
  • Address: 163 Main Street
  • County: York
  • Zip code: 4005

Installment loan for Shara, a graduate of DeVry University and a medical administrative assistant working for over $69,000 per year

Shara, an alumnus at DeVry University and a medical administrative assistant in Biddeford, Maine wants a debt consolidation loan to purchase a new cell phone. Shara has instead decided to obtain an installment loan for $24,000 and is currently seeking lenders like Keybank National Association to provide it.

9 Months in the Past, Shara Attempted Finding a High Risk Loan for $22,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Shara. Shara decided not to obtain a high risk loan this time. High Risk loans are given to bad credit individuals. Clients with credit ratings as low as 408 can inquire for a high risk loan and possibly can be approved.

Before applying for this debt consolidation loan, Shara had an Experian score of 397, which is terrible, so Pepperell Bank & Trust probably cannot provide Shara a debt consolidation loan

Experian Score: 397

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

Average debt consolidation loans range from $28,000.00 to $55,000.00. They are normally used to pay off existing high interest loans like credit cards. Shara needed a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Shara was able to find a debt consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.6%.

Signature Loan found in Biddeford, Maine for $44000 with terrible credit by Shara

A lot of prospective borrowers struggle with finding signature loans in Biddeford, Maine, and Shara is no different. Shara went to 6 lenders or more prior to settling on Pepperell Bank & Trust, who offered Shara a signature loan for $44000. Typical signature loans simply need a client, like Shara’s signature to obtain them, up to $34,000 in some cases. Shara was able to get $44000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t require collateral, these loans tend to require higher credit, as high as 707

Shara was rejected by The First National Bank of Houlton 7 times before being approved by Pepperell Bank & Trust at 163 Main Street

On April 15, 2012, Shara inquired about borrowing $9,000 from The Camden National Bank with Luanne, their friend from just outside Biddeford, and even with the co-signer, Shara was rejected for this debt consolidation loan. With terrible credit, it can be difficult to obtain funding, even with collateral and a co-signer.

When Shara was 18, they tried to obtain a student loan from 4 different lenders, which damaged their credit rating. Below is a chronology of Shara’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on May 12, 2011
  • Attempt 2) Loan for $20,000.00 on November 3, 2011
  • Attempt 3) Loan for $21,000.00 on September 20, 2012
  • Attempt 4) Loan for $26,000.00 on November 21, 2008

Conclusion of Shara’s debt consolidation loan

In the end, Shara was able to find a debt consolidation loan for $44000 with an interest rate of 6.1% interest APR from Pepperell Bank & Trust in Biddeford, Maine repayable over 18 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.