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Private Loan With Very Low APR In Hampden County, Massachusetts

$72000 Private Loan – Springfield Massachusetts, Credit Score Of 617

  • Experian: 635 – This client had a good Experian rating
  • Transunion: 599 – Marleen had a good credit score with Transunion.
  • Equifax: Marleen’s Experian score was 617, which is a good credit score using the Experian scale.

When Marleen was 24, they attempted to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a list of Marleen’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on February 8, 2011
  • Attempt 2) Loan for $26,000.00 on February 15, 2010
  • Attempt 3) Loan for $33,000.00 on March 28, 2010
  • Attempt 4) Loan for $33,000.00 on November 3, 2008
Client Profile: Marleen Berkery of Springfield, Massachusetts
  • Full name (Changed if requested): Marleen Berkery
  • Current Credit: loans.hit.utils.Fico@22927a81
  • Current City: Springfield
  • State: Massachusetts
  • Zip code: 1110
  • Yearly income: $51,000
  • Current Job: travel agent
  • Current County: Hampden
  • Goal Yearly Income: $118,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Personal Loan for a travel agent named Marleen in Springfield, Massachusetts to Pay Off Lane Bryant Credit Card

Marleen had a tonne of credit card debt on their The Linux Foundation Visa Card and their NBT Bank Visa Business Bonus Rewards Card, and they were starting to get in over their heads. Despite Marleen’s job as a travel agent, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Marleen for this private loan of $72000, provided by Security National Bank of Springfield

Hello, I am Marleen and my hometown is Springfield in Massachusetts. Hampden, county is where I grew up, and now I need a private loan in Massachusetts for $72000 to avoid bankruptcy. It has been difficult, but Security National Bank of Springfield really came through for me with this loan for 5.8% interest APR and a term of 7 years. I will repay the loan over the 7 year term, including interest. A big thanks to Security National Bank of Springfield for giving me a chance and my good credit. It look me 4 years to build my credit to 617, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Installment loan for Marleen, a graduate of University of Kentucky and a travel agent working for over $72,000 per year

Marleen, an alumnus at University of Kentucky and a travel agent in Springfield, Massachusetts needs a private loan to purchase a new cell phone. Marleen has instead chosen to obtain an installment loan for $22,000 and is currently seeking lenders like Security National Bank to provide it.

Marleen has a disappointing current gross income, but has a large amount of prospects

Marleen has always wanted to be a foreign language interpreter, but would have to attend University of Kentucky again to become one. Marleen has other possibilities as well, including probate lawyer, freight and stock handler, and counseling psychologist, which pay $55,000 through to $106,000 per year, at least. Because of this, we believe that Marleen can pay for this private loan of $72000.

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $34,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Marleen needed a debt consolidation loan to pay for their existing private loan and their credit card. Marleen was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.8%.

Marleen’s Overall FICO score at the time of acceptance for a private loan, taking into account their travel agent job and their future job as a foreign language interpreter

Fico Score: 617

Many other requests for credit have been made by Marleen in the past, including one from Farmers State Bank of Holyoke in Springfield, Massachusetts before Marleen was approved for the $72000 by Security National Bank of Springfield

Marleen made 4 prior attempts to obtain a private loan, 2 of which were with Farmers State Bank of Holyoke, a lender in Springfield, Massachusetts known to specialize in private loans specifically. Before finding Security National Bank of Springfield, Marleen was desperate due to their inexperience and good credit score.

Signature Loan found in Springfield, Massachusetts for $72000 with good credit by Marleen

Most prospective borrowers have difficulty with obtaining signature loans in Springfield, Massachusetts, and Marleen is no exception. Marleen went to 4 lending institutions or more before finding Security National Bank of Springfield, who offered Marleen a signature loan for $72000. Most signature loans simply require a client, like Marleen’s signature to get them, up to $32,000 in some cases. Marleen was able to get $72000 as a private loan, which is very high for a private loan. Since signature loans do not need collateral, these loans tend to need higher credit, as high as 753

Before applying for this private loan, Marleen had an Experian score of 635, which is good, so Security National Bank of Springfield likely cannot provide Marleen a private loan

Experian Score: 635

Contact Details for Security National Bank of Springfield, the provider of this private loan

  • Security National Bank of Springfield
  • City: Springfield
  • State: Massachusetts
  • Address: 1666 Main Street
  • County: Hampden
  • Zip code: 1101

Fast Loans for Marleen in Springfield, Massachusetts to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Springfield, Massachusetts aren’t actually that difficult to obtain, especially if you have some finesse like Marleen. Marleen was able to find a fast loan for $72000 from The Arlington National Bank and BayBank Merrimack Valley, N. A., but turned down both offers in favor of their private loan from Security National Bank of Springfield. The improvement 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 personal loans. Much better in the case that a borrower is in a pinch.

Previous requests on Marleen’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$136250.00 7 7.7% $2103.31 State Street Bank and Trust Company April 12, 2011
$136400.00 5 5.3% $2592.83 United States Trust Company August 31, 2011
$135700.00 10 10.2% $1808.35 BayBank Harvard Trust Company May 12, 2013
$136110.00 6 9.4% $2480.56 Durfee Attleboro Bank July 31, 2014
$136120.00 7 5.7% $1969.0 Bank of New England – North Shore December 4, 2014

7 Months in the Past, Marleen Tried to Find a High Risk Loan for $35,000.00, and it was Hard

It is an ongoing struggle for clients to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Marleen. Marleen chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit individuals. Clients with credit ratings as low as 407 can inquire for a high risk loan and possibly can be accepted.

Marleen was not approved by Shawmut First County Bank, N. A. 6 times before being approved by Security National Bank of Springfield at 1666 Main Street

On December 7, 2008, Marleen inquired about borrowing $46,000 from BayBank Merrimack Valley, N. A. with Bee, their in law from just outside Springfield, and even with the co-signer, Marleen was rejected for this private loan. With good credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Marleen’s Transunion score was altered by the private loan loan, changing to 599 from 617, which is typical in our experience.

Transunion Score: 599

Conclusion of Marleen’s private loan

In the end, Marleen was able to find a private loan for $72000 with an interest rate of 10.0% interest APR from Security National Bank of Springfield in Springfield, Massachusetts repayable over 7 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.