$144000 Emergency Loan – Boston Massachusetts, Credit Rating Of 356
- Experian: 368 – The client had a terrible Experian score
- Transunion: 342 – Efrain had a terrible credit rating with Transunion.
- Equifax: Efrain’s Experian score was 356, which is a terrible credit score with the Experian system.
Installment loan for Efrain, a graduate of University of Connecticut and a restaurant food coordinator working for over $63,000 per year
Efrain, an alumnus at University of Connecticut and a restaurant food coordinator in Boston, Massachusetts needs an emergency loan to purchase a car. Efrain has instead decided to obtain an installment loan for $2,000 and is at present seeking lenders like BayBank Winchester Trust Company to process their request.
Efrain’s Transunion score was altered by the emergency loan loan, changing to 342 from 356, which is typical in our experience.
Personal Loan for a restaurant food coordinator named Efrain in Boston, Massachusetts to Pay Off Amalgamated Bank MasterCard Union Card
Efrain had a lot of credit card debt on their Mack MasterCard and their New York Yankees BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Efrain’s job as a restaurant food coordinator, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Paraphrased and Standardized Quote from Efrain for this emergency loan of $144000, provided by City Bank & Trust Company
Hello, I am Efrain and I’m from Boston in Massachusetts. Suffolk, county is where I grew up, and now I need a emergency loan in Massachusetts for $144000 to buy a car. It wasn’t easy, but City Bank & Trust Company really came through for me with this loan for 5.7% interest APR and a term of 21 years. I can repay the loan over the 21 year term, including interest. A big thanks to City Bank & Trust Company for giving me a chance and my terrible credit. It look me 6 years to build my credit to 356, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.
Signature Loan acquired in Boston, Massachusetts for $144000 with terrible credit by Efrain
A lot of borrowers struggle with obtaining signature loans in Boston, Massachusetts, and Efrain is no different. Efrain went to 4 lenders or more prior to settling on City Bank & Trust Company, who offered Efrain a signature loan for $144000. Typical signature loans simply require a client, like Efrain’s signature to get them, up to $40,000 in some cases. Efrain was able to get $144000 as a emergency loan, which is very high for an emergency loan. Because signature loans don’t require collateral, they tend to require better credit, as high as 769
6 Months Ago, Efrain Tried to Find a High Risk Loan for $35,000.00, and it was Hard
It is an ongoing struggle for borrowers to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Efrain. Efrain decided not to get a high risk loan this time. High Risk loans are given to bad credit individuals. Individuals with credit scores as low as 534 can apply for a high risk loan and may be be approved.
When Efrain was 18, they tried to obtain a student loan from 5 alternate lenders, which harmed their credit rating. Below is a chronology of Efrain’s previous attempts at finding a student loan:
- Attempt 1) Loan for $22,000.00 on September 16, 2013
- Attempt 2) Loan for $26,000.00 on May 23, 2009
- Attempt 3) Loan for $34,000.00 on November 5, 2008
- Attempt 4) Loan for $37,000.00 on September 1, 2010
- Attempt 5) Loan for $33,000.00 on June 18, 2012
Fast Loans for Efrain in Boston, Massachusetts to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Boston, Massachusetts aren’t actually that difficult to obtain, particularly if you have some gumption like Efrain. Efrain was able to find a fast loan for $144000 from Bank of New England – Hancock and Northeast National Bank, but turned down both offers in favor of their emergency loan from City Bank & Trust Company. 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 if a borrower is in a time sensitive situation.
- Full name (Changed if requested): Efrain Dorinirl
- Current Credit: loans.hit.utils.Fico@77a567e1
- Current City: Boston
- State: Massachusetts
- Zip code: 2110
- Yearly income: $69,000
- Current Job: restaurant food coordinator
- Current County: Suffolk
- Goal Yearly Income: $86,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000
Before applying for this emergency loan, Efrain had an Experian score of 368, which is terrible, so City Bank & Trust Company probably cannot provide Efrain an emergency loan
Efrain was not approved by Eastern Bank and Trust Company 5 times before being approved by City Bank & Trust Company at 25 Court Street
On July 8, 2013, Efrain inquired about borrowing $24,000 from The Conway National Bank with Edna, their friend from just outside Boston, and even with the co-signer, Efrain was rejected for this emergency loan. With terrible credit, it can be difficult to obtain financing, even with collateral and a co-signer.
Many past requests for credit have been made by Efrain in the past, including one from Firstar Bank Red Oak, National Association in Boston, Massachusetts before Efrain was approved for the $144000 by City Bank & Trust Company
Efrain made 4 previous attempts to obtain an emergency loan, 2 of which were with Firstar Bank Red Oak, National Association, a bank in Boston, Massachusetts known to specialize in emergency loans specifically. Prior to finding City Bank & Trust Company, Efrain was concerned due to their inexperience and terrible credit score.
Contact Details for City Bank & Trust Company, the provider of this emergency loan
- City Bank & Trust Company
- City: Boston
- State: Massachusetts
- Address: 25 Court Street
- County: Suffolk
- Zip code: 2108
Efrain has a low current gross income, but has several of prospects
Efrain has always wanted to be a radio & tv program director, but would have to attend University of Connecticut again to achieve it. Efrain has other prospects as well, including home appliance installer, chemical plant operator, and fence installer, which pay $53,000 through to $95,000 per year, on average. Because of this, we think that Efrain can afford this emergency loan of $144000.
Efrain’s Overall FICO score at the time of acceptance for an emergency loan, taking into account their restaurant food coordinator job and their future job as a radio & tv program director
Previous requests on Efrain’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$113160.00||5||8.7%||$2332.57||State Street Bank and Trust Company||May 13, 2012|
|$113410.00||3||8.2%||$3564.33||United States Trust Company||September 25, 2013|
|$112690.00||4||8.6%||$2782.94||BayBank Harvard Trust Company||December 10, 2014|
|$113230.00||8||9.1%||$1664.72||Durfee Attleboro Bank||February 22, 2015|
|$113300.00||8||9.5%||$1689.4||Bank of New England – North Shore||March 22, 2015|
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans range from $28,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Efrain required a debt consolidation loan to pay for their existing emergency loan and their loan shark loan. Efrain was able to find a emergency loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.1%.
Conclusion of Efrain’s emergency loan
In the end, Efrain was able to find an emergency loan for $144000 with an interest rate of 11.1% interest APR from City Bank & Trust Company in Boston, Massachusetts repayable over 21 years from today.