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Who Needs An Unsecured Loan For $120000 With 5.47% Interest?

Looking for a $120,000 personal loan online will have some limitations and you may need to go directly to a bank or credit union for a personal loan of this size. Online personal loan limits are $100,000 but there are many other types of loans that will provide personal loans of this amount we have listed these options below including secured loans, private student loans, and student loan refinancing, business loans, mortgage refinance and reverse mortgages.

Personal Loan Options

An unsecured personal loan is a great solution if your credit score and credit history meets the criteria of the lender.  We have listed personal loan providers with credit scores starting at 590. This lender group offers loans ranging from $1,000 to $100,000. When banks consider a 620 credit score a high risk, online lenders are happy to receive your loan application

Private Student Loans

Student Loan Refinancing

Secured Home Loan Options

Home Equity Loan or Home Equity Line of Credit (HELOC)

A home equity loan or home equity line of credit (HELOC) provides an excellent way to consolidate debt even with bad to fair credit score. The home equity provider we have listed has consolidated over 1,500 companies to give you the greatest chance to qualify for a loan.  When you have good credit and the bank looks to provide a home equity loan or HELOC, they will normally finance the property up to 80-90% of the loan to value. The loan to value is the difference between the size of the mortgage and what you will get if you sold the property. With bad or fair credit, the loan to value may drop to as low as 60 to 70% and the interest rates may be higher. This will mean that the amount they are willing to lend will be lower.   

Reverse Mortgage Options

Secured Auto Purchase and Refinance

LendingTree offers hundreds of auto lenders that will help you buy the new car or refinance your existing vehicle.  This can be a great way to get capital out of an asset. This provider can refinance your vehicle and get your capital back to you.

Business Loan Refinancing

We have added a number of business loan providers that will look at a debt consolidation loan with credit scores starting at 500. Some conditions apply including the time in business and gross annual revenues.

Free Credit Score Repair

Novita offers a free service credit score rebuilding program 

Research your Credit Score and Credit History

It's always a good idea to check your credit score and credit history before applying for a loan. Look through the report and check and see if you agree with everything on the report. If you disagree with the information on the report, contact the credit bureau and let them know that there is an error.

Lexington Law

Lexington Law helps consumers repair errors on their credit report. 

Fina, a resident of Johnston, Iowa has a few credit cards with large balances. Fina owes about $26,000 on her America's First FCU Visa Secured and Citizens Bank Clear Value MasterCard alone, and now wants an unsecured loan of $120,000 to consolidate the debt from their credit cards and student loans. Fina's main credit card is Detroit Tigers BankAmericard Cash Rewards MasterCard, and they've got $33,000 on it as of December 14, 2010. The best way that Fina can repay her Detroit Tigers BankAmericard Cash Rewards MasterCard is with a debt consolidation loan.

Fina is a dental/orthodontic office administrator from Johnston, Iowa who needs $120000 loan.  Fina attended Fairleigh Dickinson University for 4 years and still has student loan debt and would like to consolidate the credit card debt and the student loan debt into one payment. 

Fina had an Equifax Fico score of 682, regarded as a fair credit rating

Fico Score: 682

Fina has a Transunion score of 665. This is a fair credit score. Credit scores like that of Fina influence lender's decisions

Transunion Score: 665

Fina has an Experian score of 597. This is a fair credit rating. If your rating is fair like Fina, it will not affect your odds of finding a loan

Experian Score: 697

Fina Began By Inquiring For An Unsecured Loan Using The Inquiry Form

Hi I'm Fina born and raised in Johnston, Iowa. My current location is Johnston, Iowa still. My current credit rating is 682 on the FICO scale and my Experian score is 665. Looking for a $120,000 loan to pay off student loans and credit cards. One payment every month and the debt all have an end date.

Client Details: Fina
  • Client name: Fina 
  • County: Polk
  • Home State: Iowa
  • Current zip code: 50133
  • Current income: $120,000
  • Profession: dental/orthodontic office administrator
  • Credit Card Debt: $7000 on their Detroit Tigers BankAmericard Cash Rewards™ MasterCard

While the articles highlighted are accurate, the names and some cities have been changed for privacy. America Loan Service would like your thoughts on our website. Please do not give us your last name and try to keep the information in your comments quite general. It is the overall subject that people relate with and we appreciate your comments. When you send your story, it will be reviewed within 24 hours and you will be notified if they are used.

Past Applications

Application from: ROSALINDA V**

City: Pflugerville
State: Texas
Credit Rating (FICO): 582
Profession: HR Admin Assistant
Amount Requested: $5500
Age: 39
Current Debt: 43,000
Yearly Income: 47000
Zip Code: 78660



We have sent you an option that you could try. They offer loans from $500.00 to $5,000.00 America Loan Service is not a lender. America Loan Service has no influence on the lenders decisions and the financial relationship will be between you and the institution providing the loan. Wishing you success in finding what you are looking for.

Reply to: ROSALINDA V**

Application from: Dorothy S**

City: north platte
State: Nebraska
Credit Rating (FICO): 640
Profession: union pacific railroad
Amount Requested: $125000
Age: 56
Current Debt: all kinds listed above
Yearly Income: 70000
Zip Code: 69101


I am just looking for a banking instituion to hear my prayers so someone can give me a unsecured loan to payoff all bills and have just 1 payment that I have to pay and also a payment that wont completely break meand then they wold have a couple a the vehicle for some kind of collateral.

Hi Dorothy,

We have written an article called "managing your credit score" You can find it under

In our view, the only way you will get a $125,000.00 unsecured loan is to improve your credit score to 740 and above. If you own your home and you have built equity, you may be able to get your property appraised and add this amount to your mortgage.

Either way, you will want to improve your credit score to keep your interest rates below 5%.

We will send you a recommendation for a loan.

Good luck

Reply to: Dorothy S**

Application from: Shu

City: Spokane
State: Washington
Credit Rating (FICO): 841
Profession: respiratory care technician
Amount Requested: $24000
Age: 21
Current Debt: 83,000
Yearly Income: 78,000
Zip Code: 99218


hello my husband was in a skiing accident. my insurance paid for a small percentage of the medical bills. he are in physio. We have a unsecured loan at a fairly high rate. With my other bills I are struggling we would like we could get a loan to help us get through this time. we would appreicate your reply

Reply to: Shu

Application from: Arafat

City: Independence
State: Virginia
Credit Rating (FICO): 514
Profession: vocational education instructors college
Amount Requested: $188000
Age: 46
Current Debt: 36,000
Yearly Income: 92,000
Zip Code: 24348


we got fired from our work. I didn't have many savings. we couldn't find work. i had many loans and ened up filing bankruptcy. my credit is bad It is difficult to get caught up Sure ;hope get a beeter job.

Reply to: Arafat

Application from: Etelka

City: Lancaster
State: Ohio
Credit Rating (FICO): 706
Profession: farm hand
Amount Requested: $82000
Age: 36
Current Debt: 69,000
Yearly Income: 74,000
Zip Code: 43130


I make $ 2051 a month. I have 1 mastercards and retail store cards. I am behind in monthly payments. My credit isn't excellent. I need assistance. should I get a credit card to transfer my other cards to? I think my credit is being affected?

Reply to: Etelka

Application from: Joshua

City: Davenport
State: FL
Credit Rating (FICO): 696
Profession: Profession not given
Amount Requested: $120000
Age: Age not given
Current Debt: $116,000
Yearly Income: Income Not Specified
Zip Code: 33897


I would like to consolidate all of my misspendings, loans, and credit cards into one easily managable payment so that I can have some breathing room in my finances. Married with 4 children. This would be a blessing. I'd prefer a 10yr repayment option with no penalty for early payoff in case I can send extra every month. Thank you for your consideration.

Reply to: Joshua

Application from: Mike

City: Montgomery
State: Alabama
Credit Rating (FICO): 680
Profession: Executive
Amount Requested: $150000
Age: 51
Current Debt: 116,000
Yearly Income: 135000
Zip Code: 36105

Message:I make good money and can easily make the payment for a loan that allows me to consolidate my debt into on payment

Reply to: Mike

Application from: Roy

City: Tampa
State: Florida
Credit Rating (FICO): 605
Profession: Cardiac device sales
Amount Requested: $120000
Age: 48
Current Debt: 135,000
Yearly Income: 130000
Zip Code: 32408


Wanting to consolidate debt to include a written off loan on my credit report. By paying it off my credit will improve. I’m willing to set up an auto pay, and use my 2 new cars and whatever I can do to consolidate with a lower interest rate. My goal is to try getting debt free within a reasonable amount of time.

Reply to: Roy

Application from: Dustin

City: Denver
State: Colorado
Credit Rating (FICO): 790
Profession: Oil
Amount Requested: $120000
Age: 31
Current Debt: 65000
Yearly Income: 118000
Zip Code: 81504


Need 120K for downpayment for established business

Reply to: Dustin

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