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Calvin Needed A Secured Loan For $114000, Livingston, New Jersey

$114000 Secured Loan – Livingston New Jersey, Credit Rating Of 785

  • Experian: 802 – This individual had an excellent Experian score
  • Transunion: 767 – Calvin had an excellent credit rating with Transunion.
  • Equifax: Calvin’s Experian score was 785, which is an excellent credit score with the Experian system.

Paraphrased and Standardized Quote from Calvin for this secured loan of $114000, provided by Livingston State Bank

Hi, I am Calvin and I am from Livingston in New Jersey. Essex, county is where I grew up, and now I need a secured loan in New Jersey for $114000 to buy a car. It wasn’t easy, but Livingston State Bank really came through for me with this loan for 7.7% 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 Livingston State Bank for giving me a chance and my excellent credit. It look me 6 years to create my credit to 785, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.

Calvin was declined by Carteret Bank and Trust Company 4 times prior to being granted funding by Livingston State Bank at 313 West Mount Pleasant Avenue

On October 9, 2010, Calvin inquired about borrowing $12,000 from The State Bank of North Jersey with Sharri, their friend from just outside Livingston, and even with the co-signer, Calvin was rejected for this secured loan. With excellent credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Calvin has a disappointing current total income, but has a large amount of prospects

Calvin has always wanted to be a bank examiner, but would need attend Keiser University again to become one. Calvin has other prospects as well, including education and training administrator, home appliance installer, and foreign language translator, which pay $59,000 through to $97,000 per year, on average. For this reason, we think that Calvin can pay for this secured loan of $114000.

Previous requests on Calvin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$116860.00 8 5.8% $1524.35 The State Bank of North Jersey June 15, 2009
$117220.00 3 6.1% $3571.37 Carteret Bank and Trust Company March 28, 2011
$116700.00 8 5.7% $1516.61 United Jersey Bank/Northwest October 12, 2013
$116510.00 3 9.8% $3748.52 People’s Trust Company February 2, 2015
$116790.00 11 7.5% $1301.98 United Jersey Bank/Central July 10, 2015

Several previous requests for credit have been made by Calvin in the past, including one from Midland Bank in Livingston, New Jersey before Calvin was approved for the $114000 by Livingston State Bank

Calvin made 8 previous attempts to obtain a secured loan, 2 of which were with Midland Bank, a bank in Livingston, New Jersey known to specialize in secured loans specifically. Before finding Livingston State Bank, Calvin was desperate due to their inexperience and excellent credit score.

Calvin’s Transunion score was altered by the secured loan loan, changing to 767 from 785, which is normal in our experience.

Transunion Score: 767

When Calvin was 19, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit score. Below is a chronology of Calvin’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on November 1, 2010
  • Attempt 2) Loan for $28,000.00 on October 11, 2010
  • Attempt 3) Loan for $37,000.00 on April 19, 2011
  • Attempt 4) Loan for $38,000.00 on January 16, 2010
  • Attempt 5) Loan for $30,000.00 on July 13, 2010
  • Attempt 6) Loan for $37,000.00 on November 1, 2008
Client Profile: Calvin Albair of Livingston, New Jersey
  • Full name (Changed if requested): Calvin Albair
  • Current Credit: loans.hit.utils.Fico@7e32c033
  • Current City: Livingston
  • State: New Jersey
  • Zip code: 7043
  • Yearly income: $45,000
  • Current Job: computer systems engineer
  • Current County: Essex
  • Goal Yearly Income: $80,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Personal Loan for a computer systems engineer named Calvin in Livingston, New Jersey to Pay Off Harley-Davidson Visa High Performance Credit Card

Calvin had a lot of credit card debt on their Steuben Trust Visa Business Bonus Rewards PLUS Card and their Popular Community Bank Platinum MasterCard, and they were starting to get in over their heads. Despite Calvin’s job as a computer systems engineer, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Calvin’s Overall FICO score at the time of acceptance for a secured loan, taking into account their computer systems engineer job and their future job as a bank examiner

Fico Score: 785

Signature Loan easily acquired in Livingston, New Jersey for $114000 with excellent credit by Calvin

A lot of clients have difficulty with finding signature loans in Livingston, New Jersey, and Calvin is no different. Calvin went to 8 lending institutions or more prior to settling on Livingston State Bank, who offered Calvin a signature loan for $114000. Most signature loans simply need a client, like Calvin’s signature to get them, up to $22,000 in some cases. Calvin was able to get $114000 as a secured loan, which is very high for a secured loan. Because signature loans don’t require a cosigner, these loans generally require better credit, as high as 798

Contact Details for Livingston State Bank, the provider of this secured loan

  • Livingston State Bank
  • City: Livingston
  • State: New Jersey
  • Address: 313 West Mount Pleasant Avenue
  • County: Essex
  • Zip code: 7039

Before applying for this secured loan, Calvin had an Experian score of 802, which is excellent, so Livingston State Bank likely cannot provide Calvin a secured loan

Experian Score: 802

Fast Loans for Calvin in Livingston, New Jersey to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Livingston, New Jersey aren’t actually that difficult to obtain, particularly if you have some finesse like Calvin. Calvin was able to find a fast loan for $114000 from The Summit Trust Company and Belmar-Wall National Bank, but declined both offers in favor of their secured loan from Livingston State Bank. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement if you are in a time sensitive situation.

Installment loan for Calvin, a graduate of Keiser University and a computer systems engineer working for over $78,000 per year

Calvin, an alumnus at Keiser University and a computer systems engineer in Livingston, New Jersey needs a secured loan to purchase a new cell phone. Calvin has instead chosen to obtain an installment loan for $6,000 and is at present seeking lenders like The Bank of Sussex County to process their request.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $32,000.00 to $45,000.00. They are normally used to pay off existing high interest loans like credit cards. Calvin required a debt consolidation loan to pay for their existing secured loan and their loan shark loan. Calvin was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.7%.

7 Months Ago, Calvin Tried to Find a High Risk Loan for $28,000.00, and it was Hard

There is an well known struggle for clients to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Calvin. Calvin chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Borrowers with credit ratings as low as 462 can inquire for a high risk loan and possibly can be accepted.

Conclusion of Calvin’s secured loan

In the end, Calvin was able to find a secured loan for $114000 with an interest rate of 9.6% interest APR from Livingston State Bank in Livingston, New Jersey repayable over 14 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.