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6 Year, Fixed Interest No Collateral Loan For Merlin In Maine

$48000 No Collateral Loan – Sanford Maine, Credit Score Of 696

  • Experian: 711 – The client had a good Experian rating
  • Transunion: 680 – Merlin had a good credit score with Transunion.
  • Equifax: Merlin’s Experian score was 696, which is a good credit score on the Experian system.

Previous requests on Merlin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$102280.00 9 10.5% $1467.81 Fleet Bank of Maine April 18, 2010
$102190.00 11 7.1% $1117.61 Union Trust Company September 8, 2013
$102460.00 8 8.2% $1458.88 Northeast Bank of Sanford October 13, 2014
$102310.00 5 7.6% $2054.95 Bank of Maine, N. A. January 20, 2015
$102290.00 3 11.5% $3373.12 Merchants National Bank of Bangor May 28, 2015

Merlin’s Transunion score was altered by the no collateral loan loan, changing to 680 from 696, which is normal in our experience.

Transunion Score: 680

Several other requests for credit have been made by Merlin in the past, including one from Waterfield Bank, FA in Sanford, Maine before Merlin was approved for the $48000 by Sanfor Interim Two Savings Bank

Merlin made 5 previous tries to obtain a no collateral loan, 2 of which were with Waterfield Bank, FA, a lender in Sanford, Maine known to specialize in no collateral loans specifically. Before finding Sanfor Interim Two Savings Bank, Merlin was concerned due to their inexperience and good credit score.

Signature Loan acquired in Sanford, Maine for $48000 with good credit by Merlin

Most prospective borrowers struggle with obtaining signature loans in Sanford, Maine, and Merlin is the same. Merlin went to 5 lending institutions or more prior to settling on Sanfor Interim Two Savings Bank, who offered Merlin a signature loan for $48000. Most signature loans simply require a client, like Merlin’s signature to obtain them, up to $35,000 in some cases. Merlin was able to get $48000 as a no collateral loan, which is very high for a no collateral loan. Since signature loans don’t require a cosigner, they generally require improved credit, as high as 764

Personal Loan for an environmental compliance inspector named Merlin in Sanford, Maine to Pay Off US Bank Cash+ Visa Signature Card

Merlin had a lot of credit card debt on their Pottery Barn Credit Card and their Kansas City Royals BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Merlin’s job as an environmental compliance inspector, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $35,000.00 to $56,000.00. They are mainly used to pay off existing high interest loans like credit cards. Merlin required a debt consolidation loan to pay for their existing no collateral loan and their loan shark loan. Merlin was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.4%.

Fast Loans for Merlin in Sanford, Maine to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Sanford, Maine aren’t actually that difficult to obtain, particularly if you have some gumption like Merlin. Merlin was able to find a fast loan for $48000 from Livermore Falls Trust Company and Livermore Falls Trust Company, but turned down both offers in favor of their no collateral loan from Sanfor Interim Two Savings Bank. The improvement with a fast loan over a personal 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 if a client is in a time sensitive situation.

Merlin was not approved by Union Trust Company 5 times before being accepted by Sanfor Interim Two Savings Bank at 900 Main Street

On December 16, 2012, Merlin inquired about borrowing $30,000 from Northeast Bank, N. A. of Farmington with Apolonia, their friend from just outside Sanford, and even with the co-signer, Merlin was rejected for this no collateral loan. With good credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Merlin has a disappointing current total income, but has several of prospects

Merlin has always wanted to be a human factors psychologist, but would need attend Bryman College again to become one. Merlin has other prospects as well, including communication equipment mechanic, solid waste disposal administrator, and hazardous waste management analyst, which pay $51,000 through to $100,000 per year, on average. For this reason, we believe that Merlin can afford this no collateral loan of $48000.

Installment loan for Merlin, a graduate of Bryman College and an environmental compliance inspector working for over $66,000 per year

Merlin, an alumnus at Bryman College and an environmental compliance inspector in Sanford, Maine needs a no collateral loan to purchase something frivolous. Merlin has instead decided to obtain an installment loan for $16,000 and is at present seeking lenders like Casco Bank & Trust Company to provide it.

6 Months Ago, Merlin Attempted to Find a High Risk Loan for $38,000.00, and it was Hard

It is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Merlin. Merlin decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Borrowers with credit scores as low as 555 can inquire for a high risk loan and possibly can be approved.

Paraphrased and Standardized Quote from Merlin for this no collateral loan of $48000, provided by Sanfor Interim Two Savings Bank

Hello, I am Merlin and I’m from Sanford in Maine. York, county is where I grew up, and now I need a no collateral loan in Maine for $48000 to buy a car. It wasn’t easy, but Sanfor Interim Two Savings Bank really came through for me with this loan for 9.7% interest APR and a term of 6 years. I can probably repay the loan over the 6 year term, including interest. A big thanks to Sanfor Interim Two Savings Bank for trusting me and my good credit. It look me 7 years to build my credit to 696, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.

Contact Details for Sanfor Interim Two Savings Bank, the provider of this no collateral loan

  • Sanfor Interim Two Savings Bank
  • City: Sanford
  • State: Maine
  • Address: 900 Main Street
  • County: York
  • Zip code: 4073

Before applying for this no collateral loan, Merlin had an Experian score of 711, which is good, so Sanfor Interim Two Savings Bank most likely cannot provide Merlin a no collateral loan

Experian Score: 711

Merlin’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their environmental compliance inspector job and their future job as a human factors psychologist

Fico Score: 696

Client Profile: Merlin Ebrahimi of Sanford, Maine
  • Full name (Changed if requested): Merlin Ebrahimi
  • Current Credit: loans.hit.utils.Fico@4cdf35a9
  • Current City: Sanford
  • State: Maine
  • Zip code: 4080
  • Yearly income: $49,000
  • Current Job: environmental compliance inspector
  • Current County: York
  • Goal Yearly Income: $93,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

When Merlin was 20, they attempted to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a chronology of Merlin’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on August 18, 2013
  • Attempt 2) Loan for $33,000.00 on December 17, 2012
  • Attempt 3) Loan for $37,000.00 on September 14, 2009
  • Attempt 4) Loan for $37,000.00 on August 19, 2009
  • Attempt 5) Loan for $36,000.00 on February 17, 2009
  • Attempt 6) Loan for $26,000.00 on December 25, 2011

Conclusion of Merlin’s no collateral loan

In the end, Merlin was able to find a no collateral loan for $48000 with an interest rate of 9.5% interest APR from Sanfor Interim Two Savings Bank in Sanford, Maine repayable over 6 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.