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Debt Consolidation Loan Of $40000 For Fair Credit New Jersey Resident

$40000 Debt Consolidation Loan – Sewell New Jersey, Credit Score Of 505

  • Experian: 519 – They had a fair Experian score
  • Transunion: 493 – Pasquale had a fair credit score with Transunion.
  • Equifax: Pasquale’s Experian score was 505, which is a fair credit score with the Experian scale.

Many previous requests for credit have been made by Pasquale in the past, including one from The Bank of Seattle in Sewell, New Jersey before Pasquale was accepted for the $40000 by GCF Bank

Pasquale made 4 previous attempts to obtain a debt consolidation loan, 2 of which were with The Bank of Seattle, a lender in Sewell, New Jersey known to specialize in debt consolidation loans specifically. Before finding GCF Bank, Pasquale was desperate due to their inexperience and fair credit rating.

Signature Loan found in Sewell, New Jersey for $40000 with fair credit by Pasquale

Most borrowers have difficulty with finding signature loans in Sewell, New Jersey, and Pasquale is no different. Pasquale went to 6 lending institutions or more prior to settling on GCF Bank, who offered Pasquale a signature loan for $40000. Most signature loans simply require a client, like Pasquale’s signature to obtain them, up to $31,000 in some cases. Pasquale was able to get $40000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans do not need a cosigner, these loans generally require better credit, as high as 708

Pasquale’s Transunion score was altered by the debt consolidation loan loan, changing to 493 from 505, which is typical in our experience.

Transunion Score: 493

Pasquale’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their sales representative job and their future career as an airline flight control administrator

Fico Score: 505

Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $35,000.00 to $47,000.00. They are typically used to pay off existing high interest loans like credit cards. Pasquale required a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Pasquale was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.5%.

When Pasquale was 24, they attempted to obtain a student loan from 7 alternate banks, which damaged their credit rating. Below is a list of Pasquale’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on August 5, 2009
  • Attempt 2) Loan for $37,000.00 on May 8, 2009
  • Attempt 3) Loan for $27,000.00 on February 3, 2012
  • Attempt 4) Loan for $24,000.00 on November 7, 2013
  • Attempt 5) Loan for $30,000.00 on February 25, 2010
  • Attempt 6) Loan for $35,000.00 on October 31, 2011
  • Attempt 7) Loan for $21,000.00 on October 1, 2012

Contact Details for GCF Bank, the provider of this debt consolidation loan

  • GCF Bank
  • City: Sewell
  • State: New Jersey
  • Address: 301 Greentree Road
  • County: Gloucester
  • Zip code: 8080
Client Profile: Pasquale Pagni of Sewell, New Jersey
  • Full name (Changed if requested): Pasquale Pagni
  • Current Credit: loans.hit.utils.Fico@5b6f7412
  • Current City: Sewell
  • State: New Jersey
  • Zip code: 8087
  • Yearly income: $57,000
  • Current Job: sales representative
  • Current County: Gloucester
  • Goal Yearly Income: $96,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Fast Loans for Pasquale in Sewell, New Jersey to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Sewell, New Jersey aren’t actually that difficult to obtain, especially if you have some finesse like Pasquale. Pasquale was able to find a fast loan for $40000 from Fidelity Union Bank and Carteret Bank and Trust Company, but declined both offers in favor of their debt consolidation loan from GCF Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big difference if a client is on the go.

Before applying for this debt consolidation loan, Pasquale had an Experian score of 519, which is fair, so GCF Bank likely cannot provide Pasquale a debt consolidation loan

Experian Score: 519

6 Months in the Past, Pasquale Attempted to Find a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Pasquale. Pasquale chose not to obtain a high risk loan this time. High Risk loans are given to bad credit applicants. Clients with credit ratings as low as 560 can apply for a high risk loan and may be be approved.

Previous requests on Pasquale’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$58790.00 7 8.8% $939.92 The State Bank of North Jersey October 4, 2010
$59150.00 5 8.8% $1222.12 Carteret Bank and Trust Company October 26, 2012
$58820.00 10 5.7% $644.2 United Jersey Bank/Northwest September 3, 2013
$59490.00 7 9.1% $960.16 People’s Trust Company October 14, 2013

Paraphrased and Standardized Quote from Pasquale for this debt consolidation loan of $40000, provided by GCF Bank

Hi, I am Pasquale and I am from Sewell in New Jersey. Gloucester, county is where I grew up, and now I need a debt consolidation loan in New Jersey for $40000 to pay bills. It wasn’t easy, but GCF Bank really came through for me with this loan for 8.2% interest APR and a term of 14 years. I can probably repay the loan over the 14 year term, including interest. A big thanks to GCF Bank for giving me a chance and my fair credit. It look me 6 years to build my credit to 505, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.

Installment loan for Pasquale, a graduate of Becker College and a sales representative working for over $78,000 per year

Pasquale, an alumnus at Becker College and a sales representative in Sewell, New Jersey wants a debt consolidation loan to purchase a car. Pasquale has instead chosen to get an installment loan for $6,000 and is at present seeking lenders like The Bank of New Jersey to provide it.

Pasquale was not approved by The National Bank of Sussex County 5 times prior to being granted funding by GCF Bank at 301 Greentree Road

On April 11, 2010, Pasquale inquired about borrowing $1,000 from First Merchants National Bank with Trevor, their in law from just outside Sewell, and even with the co-signer, Pasquale was rejected for this debt consolidation loan. With fair credit, it can be challenging to procure funding, even with collateral and a co-signer.

Pasquale has a low current gross income, but has a large amount of prospects

Pasquale has always wanted to be an airline flight control administrator, but would need attend Becker College again to achieve it. Pasquale has other possibilities as well, including it administrator, packers and packagers, and advertising account executive, which pay $55,000 through to $96,000 per year, at least. Because of this, we believe that Pasquale can afford this debt consolidation loan of $40000.

Personal Loan for a sales representative named Pasquale in Sewell, New Jersey to Pay Off Bank of Akron Visa

Pasquale had a lot of credit card debt on their WWF Visa Signature Card with WorldPoints Rewards and their Vision Premier Visa Prepaid Card, and they were starting to get in over their heads. Despite Pasquale’s job as a sales representative, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Conclusion of Pasquale’s debt consolidation loan

In the end, Pasquale was able to find a debt consolidation loan for $40000 with an interest rate of 5.5% interest APR from GCF Bank in Sewell, New Jersey repayable over 14 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.