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Student Loan Of $78000 For Terrible Credit California Resident

$78000 Student Loan – Palm Desert California, Credit Score Of 379

  • Experian: 398 – The client had a terrible Experian score
  • Transunion: 366 – Tressie had a terrible credit rating with Transunion.
  • Equifax: Tressie’s Experian score was 379, which is a terrible credit rating on the Experian rating scheme.

Paraphrased and Standardized Quote from Tressie for this student loan of $78000, provided by Palm Desert National Bank

Hello, I am Tressie and I am from Palm Desert in California. Riverside, county is where I grew up, and now I need a student loan in California for $78000 to renovate my home. It has been difficult, but Palm Desert National Bank really came through for me with this loan for 5.8% interest APR and a term of 18 years. I will repay the loan over the 18 year term, including interest. A big thanks to Palm Desert National Bank for trusting me and my terrible credit. It look me 7 years to create my credit to 379, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.

Personal Loan for a career counselor named Tressie in Palm Desert, California to Pay Off Partners 1st FCU Visa Platinum

Tressie had a tonne of credit card debt on their Ohio Savings Bank Platinum Edition Visa Card and their Fifth Third Bank Professional MasterCard, and they were starting to get in over their heads. Despite Tressie’s job as a career counselor, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Tressie was 21, they attempted to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Tressie’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on December 7, 2011
  • Attempt 2) Loan for $37,000.00 on June 10, 2010
  • Attempt 3) Loan for $32,000.00 on June 18, 2012
  • Attempt 4) Loan for $28,000.00 on November 7, 2008
Client Profile: Tressie Mcmillion of Palm Desert, California
  • Full name (Changed if requested): Tressie Mcmillion
  • Current Credit: loans.hit.utils.Fico@506e1b77
  • Current City: Palm Desert
  • State: California
  • Zip code: 92261
  • Yearly income: $53,000
  • Current Job: career counselor
  • Current County: Riverside
  • Goal Yearly Income: $96,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

9 Months in the Past, Tressie Tried Finding a High Risk Loan for $41,000.00, and it was Easy

It is an ongoing struggle for clients to find 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 physically harmful to borrowers like Tressie. Tressie chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Borrowers with credit scores as low as 321 can apply for a high risk loan and possibly can be accepted.

Fast Loans for Tressie in Palm Desert, California to prevent bankruptcy or harm from debt collectors.

Fast loans in Palm Desert, California aren’t actually that difficult to obtain, particularly if you have some finesse like Tressie. Tressie was able to find a fast loan for $78000 from Santa Ynez Valley Bank and Westamerica Bank, but declined both offers in favor of their student loan from Palm Desert National Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference if a borrower is in a time sensitive situation.

Signature Loan easily acquired in Palm Desert, California for $78000 with terrible credit by Tressie

Many borrowers struggle with finding signature loans in Palm Desert, California, and Tressie is the same. Tressie went to 7 lending institutions or more prior to finding Palm Desert National Bank, who offered Tressie a signature loan for $78000. Most signature loans simply need a client, like Tressie’s signature to get them, up to $22,000 in some cases. Tressie was able to get $78000 as a student loan, which is very high for a student loan. Since signature loans don’t require a cosigner, these loans generally require improved credit, as high as 770

Installment loan for Tressie, a graduate of Harding University and a career counselor working for over $66,000 per year

Tressie, an alumnus at Harding University and a career counselor in Palm Desert, California needs a student loan to purchase a house. Tressie has instead decided to get an installment loan for $27,000 and is at present seeking lenders like Westamerica Bank to provide it.

Previous requests on Tressie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$129540.00 8 6.3% $1721.33 Santa Monica Bank May 24, 2011
$129530.00 9 8.6% $1726.87 Farmers and Merchants Bank of Long Beach September 8, 2011
$129780.00 7 11.8% $2277.11 First Interstate Bank of California December 2, 2011
$129730.00 7 9.1% $2093.83 Union Bank May 29, 2013

Tressie was declined by National Bank of Agriculture 7 times before being accepted by Palm Desert National Bank at 73-745 El Paseo Drive

On February 28, 2011, Tressie applied about borrowing $18,000 from Santa Monica Bank with Kourtney, their in law from just outside Palm Desert, and even with the co-signer, Tressie was rejected for this student loan. With terrible credit, it can be very hard to procure financing, even with collateral and a co-signer.

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

Average debt consolidation loans range from $37,000.00 to $46,000.00. They are mainly used to pay off existing high interest loans like credit cards. Tressie needed a debt consolidation loan to pay for their existing student loan and their loan shark loan. Tressie was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 3.0%.

Tressie’s Transunion score was altered by the student loan loan, changing to 366 from 379, which is normal in our experience.

Transunion Score: 366

Multiple past requests for credit have been made by Tressie in the past, including one from First Bank (N.A.) – Duluth-West in Palm Desert, California before Tressie was approved for the $78000 by Palm Desert National Bank

Tressie made 7 previous attempts to obtain a student loan, 2 of which were with First Bank (N.A.) – Duluth-West, a lending institution in Palm Desert, California known to specialize in student loans specifically. Prior to finding Palm Desert National Bank, Tressie was concerned due to their inexperience and terrible credit score.

Before applying for this student loan, Tressie had an Experian score of 398, which is terrible, so Palm Desert National Bank most likely cannot provide Tressie a student loan

Experian Score: 398

Contact Details for Palm Desert National Bank, the provider of this student loan

  • Palm Desert National Bank
  • City: Palm Desert
  • State: California
  • Address: 73-745 El Paseo Drive
  • County: Riverside
  • Zip code: 92260

Tressie has a sad current yearly income, but has a high number of prospects

Tressie has always wanted to be a radio & tv sports announcer, but would have to attend Harding University again to achieve it. Tressie has other possibilities as well, including retail buyer, insurance appraiser, and screen writer, which pay $59,000 through to $105,000 per year, at least. For this reason, we believe that Tressie can afford this student loan of $78000.

Tressie’s Overall FICO score at the time of acceptance for a student loan, taking into account their career counselor job and their future job as a radio & tv sports announcer

Fico Score: 379

Conclusion of Tressie’s student loan

In the end, Tressie was able to find a student loan for $78000 with an interest rate of 10.3% interest APR from Palm Desert National Bank in Palm Desert, California repayable over 18 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.