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Low Rate High Risk Loan For Tori In Leominster, Massachusetts

$88000 High Risk Loan – Leominster Massachusetts, Credit Score Of 538

  • Experian: 550 – They had a fair Experian rating
  • Transunion: 525 – Tori had a fair credit score with Transunion.
  • Equifax: Tori’s Experian score was 538, which is a fair credit rating on the Experian scale.

Tori’s Transunion score was changed by the high risk loan loan, changing to 525 from 538, which is typical in our experience.

Transunion Score: 525

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $36,000.00 to $57,000.00. They are typically used to pay off existing high interest loans like credit cards. Tori required a debt consolidation loan to pay for their existing high risk loan and their loan shark loan. Tori was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.8%.

Personal Loan for a home economist named Tori in Leominster, Massachusetts to Pay Off National Geographic Platinum MasterCard

Tori had a tonne of credit card debt on their Bassett Furniture Credit Cards and their Phillips 66 Fleet Card, and they were starting to get in over their heads. Despite Tori’s job as a home economist, they struggled to make payments on the $29,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Tori was 22, they attempted to obtain a student loan from 4 different lenders, which harmed their credit rating. Below is a chronology of Tori’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on June 7, 2009
  • Attempt 2) Loan for $38,000.00 on September 26, 2009
  • Attempt 3) Loan for $36,000.00 on April 1, 2011
  • Attempt 4) Loan for $23,000.00 on April 14, 2011

Multiple other requests for credit have been made by Tori in the past, including one from Granite National Bank in Leominster, Massachusetts before Tori was approved for the $88000 by Merchants National Bank

Tori made 7 previous attempts to obtain a high risk loan, 2 of which were with Granite National Bank, a lending institution in Leominster, Massachusetts known to specialize in high risk loans specifically. Before finding Merchants National Bank, Tori was very concerned due to their inexperience and fair credit rating.

Contact Details for Merchants National Bank, the provider of this high risk loan

  • Merchants National Bank
  • City: Leominster
  • State: Massachusetts
  • Address: 1 Main Street
  • County: Worcester
  • Zip code: 1453

Installment loan for Tori, a graduate of George Washington University and a home economist working for over $63,000 per year

Tori, an alumnus at George Washington University and a home economist in Leominster, Massachusetts wants a high risk loan to purchase a new cell phone. Tori has instead chosen to get an installment loan for $9,000 and is at present seeking lenders like BayBank Winchester Trust Company to provide it.

Paraphrased and Standardized Quote from Tori for this high risk loan of $88000, provided by Merchants National Bank

Hi, I am Tori and I am from Leominster in Massachusetts. Worcester, county is where I grew up, and now I need a high risk loan in Massachusetts for $88000 to pay bills. It wasn’t easy, but Merchants National Bank really came through for me with this loan for 7.6% interest APR and a term of 23 years. I will repay the loan over the 23 year term, including interest. A big thanks to Merchants National Bank for giving me a chance and my fair credit. It look me 8 years to create my credit to 538, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Tori has a sad current gross income, but has a large amount of prospects

Tori has always wanted to be an insurance adjuster, but would need attend George Washington University again to achieve it. Tori has other prospects as well, including geological technician, writer /author, and environmental science professsor, which pay $52,000 through to $107,000 per year, on average. For this reason, we think that Tori can pay for this high risk loan of $88000.

Signature Loan found in Leominster, Massachusetts for $88000 with fair credit by Tori

A lot of prospective borrowers struggle with obtaining signature loans in Leominster, Massachusetts, and Tori is no exception. Tori went to 7 lenders or more before finding Merchants National Bank, who offered Tori a signature loan for $88000. Most signature loans simply need a client, like Tori’s signature to get them, up to $46,000 in some cases. Tori was able to get $88000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not need a cosigner, these loans tend to need better credit, as high as 790

Tori’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their home economist job and their future career as an insurance adjuster

Fico Score: 538

Client Profile: Tori Tengwall of Leominster, Massachusetts
  • Full name (Changed if requested): Tori Tengwall
  • Current Credit: loans.hit.utils.Fico@3d71d552
  • Current City: Leominster
  • State: Massachusetts
  • Zip code: 1456
  • Yearly income: $31,000
  • Current Job: home economist
  • Current County: Worcester
  • Goal Yearly Income: $126,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Before applying for this high risk loan, Tori had an Experian score of 550, which is fair, so Merchants National Bank most likely cannot provide Tori a high risk loan

Experian Score: 550

8 Months Ago, Tori Attempted Finding a High Risk Loan for $25,000.00, and it was Easy

There is an well known struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Tori. Tori chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Clients with credit ratings as low as 388 can apply for a high risk loan and have a chance to be approved.

Tori was not approved by United States Trust Company 5 times before being granted funding by Merchants National Bank at 1 Main Street

On June 21, 2013, Tori applied about borrowing $21,000 from Bank of New England – North Shore with Anton, their in law from just outside Leominster, and even with the co-signer, Tori was rejected for this high risk loan. With fair credit, it can be difficult to procure financing, even with collateral and a co-signer.

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

Fast loans in Leominster, Massachusetts aren’t actually that difficult to obtain, especially if you have some finesse like Tori. Tori was able to find a fast loan for $88000 from Bank of New England – Worcester County, National Association and United States Trust Company, but declined both offers in favor of their high risk loan from Merchants National 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 6 weeks for personal loans. Much better if you are on the go.

Previous requests on Tori’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$87340.00 10 6.5% $991.73 State Street Bank and Trust Company February 21, 2013
$87110.00 8 10.1% $1326.44 United States Trust Company November 20, 2014
$86850.00 3 11.1% $2847.47 BayBank Harvard Trust Company January 28, 2015
$86680.00 3 5.8% $2629.13 Durfee Attleboro Bank April 27, 2015
$87270.00 5 6.8% $1719.83 Bank of New England – North Shore August 25, 2015

Conclusion of Tori’s high risk loan

In the end, Tori was able to find a high risk loan for $88000 with an interest rate of 5.7% interest APR from Merchants National Bank in Leominster, Massachusetts repayable over 23 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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