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$44000 Direct Loan In Lake Placid New York With Credit Score 396 For Geneva

$44000 Direct Loan – Lake Placid New York, Credit Score Of 396

  • Experian: 411 – This individual had a terrible Experian rating
  • Transunion: 381 – Geneva had a terrible credit score with Transunion.
  • Equifax: Geneva’s Experian score was 396, which is a terrible credit score with the Experian system.

Contact Details for The Bank of Lake Placid, the provider of this direct loan

  • The Bank of Lake Placid
  • City: Lake Placid
  • State: New York
  • Address: 81 Main Street
  • County: Essex
  • Zip code: 12946

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $20,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Geneva required a debt consolidation loan to pay for their existing direct loan and their payday loan. Geneva was able to find a direct loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.2%.

Before applying for this direct loan, Geneva had an Experian score of 411, which is terrible, so The Bank of Lake Placid likely cannot provide Geneva a direct loan

Experian Score: 411

Installment loan for Geneva, a graduate of VAMC Long Beach and a public relations specialist working for over $75,000 per year

Geneva, an alumnus at VAMC Long Beach and a public relations specialist in Lake Placid, New York needs a direct loan to purchase a new cell phone. Geneva has instead decided to get an installment loan for $27,000 and is currently seeking lenders like Bank of Millbrook to provide it.

Several other requests for credit have been made by Geneva in the past, including one from The Hondo National Bank in Lake Placid, New York before Geneva was approved for the $44000 by The Bank of Lake Placid

Geneva made 9 prior attempts to obtain a direct loan, 2 of which were with The Hondo National Bank, a lender in Lake Placid, New York known to specialize in direct loans specifically. Prior to finding The Bank of Lake Placid, Geneva was concerned due to their inexperience and terrible credit rating.

8 Months in the Past, Geneva Attempted to Find a High Risk Loan for $46,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for borrowers to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Geneva. Geneva chose not to get a high risk loan this time. High Risk loans are given to terrible credit borrowers. Clients with credit ratings as low as 334 can apply for a high risk loan and have a chance to be accepted.

Personal Loan for a public relations specialist named Geneva in Lake Placid, New York to Pay Off J. Jill Credit Card

Geneva had a tonne of credit card debt on their Cache Visa Card and their Citizens Bank Clear Value MasterCard, and they were starting to get in over their heads. Despite Geneva’s job as a public relations specialist, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Geneva’s Transunion score was altered by the direct loan loan, changing to 381 from 396, which is typical in our experience.

Transunion Score: 381

Paraphrased and Standardized Quote from Geneva for this direct loan of $44000, provided by The Bank of Lake Placid

Hello, I am Geneva and I’m from Lake Placid in New York. Essex, county is where I grew up, and now I need a direct loan in New York for $44000 to buy a car. It has been difficult, but The Bank of Lake Placid really came through for me with this loan for 8.7% interest APR and a term of 1 years. I will repay the loan over the 1 year term, including interest. A big thanks to The Bank of Lake Placid for giving me a chance and my terrible credit. It look me 9 years to build my credit to 396, and I won’t tarnish it any more. I am happy with Find Texas Loans for helping me this far.

Signature Loan easily acquired in Lake Placid, New York for $44000 with terrible credit by Geneva

Most borrowers struggle with finding signature loans in Lake Placid, New York, and Geneva is no exception. Geneva went to 8 lending institutions or more before settling on The Bank of Lake Placid, who offered Geneva a signature loan for $44000. Typical signature loans simply need a client, like Geneva’s signature to get them, up to $47,000 in some cases. Geneva was able to get $44000 as a direct loan, which is very high for a direct loan. Since signature loans do not require a cosigner, they generally require better credit, as high as 705

Client Profile: Geneva Caiozzo of Lake Placid, New York
  • Full name (Changed if requested): Geneva Caiozzo
  • Current Credit: loans.hit.utils.Fico@28c97a5
  • Current City: Lake Placid
  • State: New York
  • Zip code: 12954
  • Yearly income: $63,000
  • Current Job: public relations specialist
  • Current County: Essex
  • Goal Yearly Income: $115,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Geneva has a sad current total income, but has a high number of prospects

Geneva has always wanted to be a petroleum engineer, but would have to attend VAMC Long Beach again to become one. Geneva has other prospects as well, including job analyst, traffic administrator, and speech writer, which pay $55,000 through to $95,000 per year, at least. Because of this, we believe that Geneva can pay for this direct loan of $44000.

Geneva was not approved by Deutsche Bank Trust Company Americas 5 times before being granted funding by The Bank of Lake Placid at 81 Main Street

On June 14, 2013, Geneva inquired about borrowing $9,000 from HSBC Bank USA with Jamison, their friend from just outside Lake Placid, and even with the co-signer, Geneva was rejected for this direct loan. With terrible credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Previous requests on Geneva’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$38670.00 9 7.8% $499.43 Bankers Trust Company of Albany, National Association May 29, 2013
$38640.00 5 7.1% $766.94 Montgomery County Trust Company March 9, 2015
$39110.00 8 9.5% $583.16 Bank of Avoca April 12, 2015
$39280.00 6 9.7% $721.77 The State Bank of Belmont June 23, 2015
$39230.00 9 9.3% $537.55 Fleet Bank of New York, National Association July 30, 2015

Fast Loans for Geneva in Lake Placid, New York to prevent bankruptcy or harm from debt collectors.

Fast loans in Lake Placid, New York aren’t actually that difficult to obtain, particularly if you have some finesse like Geneva. Geneva was able to find a fast loan for $44000 from Morgan Guaranty Trust Company of New York and American Bank & Trust Company, but turned down both offers in favor of their direct loan from The Bank of Lake Placid. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big difference if you are in a time sensitive situation.

When Geneva was 18, they attempted to obtain a student loan from 5 alternate banks, which harmed their credit rating. Below is a list of Geneva’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on August 14, 2009
  • Attempt 2) Loan for $22,000.00 on March 12, 2010
  • Attempt 3) Loan for $20,000.00 on August 16, 2010
  • Attempt 4) Loan for $25,000.00 on May 2, 2011
  • Attempt 5) Loan for $22,000.00 on May 31, 2009

Geneva’s Overall FICO score at the time of acceptance for a direct loan, taking into account their public relations specialist job and their future career as a petroleum engineer

Fico Score: 396

Conclusion of Geneva’s direct loan

In the end, Geneva was able to find a direct loan for $44000 with an interest rate of 9.4% interest APR from The Bank of Lake Placid in Lake Placid, New York repayable over 1 years from today.

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.