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9 Month, Fixed Interest Private Loan For Darline In California

$78000 Private Loan – Sonora California, Credit Score Of 511

  • Experian: 526 – They had a fair Experian score
  • Transunion: 496 – Darline had a fair credit rating with Transunion.
  • Equifax: Darline’s Experian score was 511, which is a fair credit score using the Experian scale.

Several other requests for credit have been made by Darline in the past, including one from Humble Savings and Loan Association in Sonora, California before Darline was approved for the $78000 by Mother Lode Bank

Darline made 8 previous tries to obtain a private loan, 2 of which were with Humble Savings and Loan Association, a lending institution in Sonora, California known to specialize in private loans specifically. Prior to finding Mother Lode Bank, Darline was very concerned due to their inexperience and fair credit rating.

Previous requests on Darline’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$36110.00 6 11.3% $692.88 Santa Monica Bank March 11, 2011
$36160.00 10 11.1% $500.15 Farmers and Merchants Bank of Long Beach December 17, 2012
$36230.00 3 8.7% $1147.05 First Interstate Bank of California September 11, 2013
$36330.00 8 8.1% $515.43 Union Bank August 19, 2014
$35690.00 5 9.4% $747.81 Citizens Commercial Trust and Savings Bank of Pasadena January 7, 2015

Paraphrased and Standardized Quote from Darline for this private loan of $78000, provided by Mother Lode Bank

Hello, I am Darline and my hometown is Sonora in California. Tuolumne, county is where I grew up, and now I need a private loan in California for $78000 to pay bills. It wasn’t easy, but Mother Lode Bank really came through for me with this loan for 6.6% interest APR and a term of 9 years. I can probably repay the loan over the 9 year term, including interest. A big thanks to Mother Lode Bank for giving me a chance and my fair credit. It look me 4 years to create my credit to 511, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.

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

Normal debt consolidation loans range from $33,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Darline required a debt consolidation loan to pay for their existing private loan and their payday loan. Darline was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your bad, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.0%.

Installment loan for Darline, a graduate of Becker Professional Development Corporation and a marine and aquatic biologist working for over $60,000 per year

Darline, an alumnus at Becker Professional Development Corporation and a marine and aquatic biologist in Sonora, California needs a private loan to purchase a new cell phone. Darline has instead decided to obtain an installment loan for $4,000 and is currently seeking lenders like Community First National Bank to provide it.

Contact Details for Mother Lode Bank, the provider of this private loan

  • Mother Lode Bank
  • City: Sonora
  • State: California
  • Address: 172 West Stockton Road
  • County: Tuolumne
  • Zip code: 95370

Darline has a low current yearly income, but has a large amount of prospects

Darline has always wanted to be a school plant consultant, but would need attend Becker Professional Development Corporation again to achieve it. Darline has other possibilities as well, including county or city auditor, field contractor, and insurance estate planner, which pay $57,000 through to $93,000 per year, on average. Because of this, we think that Darline can afford this private loan of $78000.

Darline’s Overall FICO score at the time of acceptance for a private loan, taking into account their marine and aquatic biologist job and their future job as a school plant consultant

Fico Score: 511

Signature Loan found in Sonora, California for $78000 with fair credit by Darline

A lot of clients have difficulty with obtaining signature loans in Sonora, California, and Darline is not an exception. Darline went to 4 lenders or more prior to settling on Mother Lode Bank, who offered Darline a signature loan for $78000. Most signature loans simply need a client, like Darline’s signature to get them, up to $23,000 in some cases. Darline was able to get $78000 as a private loan, which is very high for a private loan. Because signature loans do not need a cosigner, they tend to require improved credit, as high as 780

7 Months in the Past, Darline Tried Finding a High Risk Loan for $26,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Darline. Darline chose not to obtain a high risk loan this time. High Risk loans are given to bad credit clients. Clients with credit ratings as low as 334 can inquire for a high risk loan and have a chance to be accepted.

When Darline was 23, they tried to obtain a student loan from 4 alternate lenders, which damaged their credit rating. Below is a chronology of Darline’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on June 15, 2012
  • Attempt 2) Loan for $34,000.00 on September 28, 2009
  • Attempt 3) Loan for $37,000.00 on January 17, 2013
  • Attempt 4) Loan for $39,000.00 on May 19, 2011

Before applying for this private loan, Darline had an Experian score of 526, which is fair, so Mother Lode Bank likely cannot provide Darline a private loan

Experian Score: 526

Client Profile: Darline Lothian of Sonora, California
  • Full name (Changed if requested): Darline Lothian
  • Current Credit: loans.hit.utils.Fico@443b7951
  • Current City: Sonora
  • State: California
  • Zip code: 95379
  • Yearly income: $69,000
  • Current Job: marine and aquatic biologist
  • Current County: Tuolumne
  • Goal Yearly Income: $85,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Personal Loan for a marine and aquatic biologist named Darline in Sonora, California to Pay Off PNC Bank CashBuilder Visa Credit Card

Darline had a tonne of credit card debt on their City National Bank Crystal Visa Infinite Card and their United MileagePlus Club Card, and they were starting to get in over their heads. Despite Darline’s job as a marine and aquatic biologist, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Darline was not approved by Citizens Commercial Trust and Savings Bank of Pasadena 5 times prior to being granted funding by Mother Lode Bank at 172 West Stockton Road

On February 24, 2013, Darline applied about borrowing $32,000 from Farmers and Merchants Bank of Long Beach with Leonila, their friend from just outside Sonora, and even with the co-signer, Darline was rejected for this private loan. With fair credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Darline’s Transunion score was altered by the private loan loan, changing to 496 from 511, which is normal in our experience.

Transunion Score: 496

Fast Loans for Darline in Sonora, California to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Sonora, California aren’t actually that difficult to obtain, especially if you have some gumption like Darline. Darline was able to find a fast loan for $78000 from First Interstate Bank of California and Santa Monica Bank, but declined both offers in favor of their private loan from Mother Lode Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. Much better if a borrower is in a time sensitive situation.

Conclusion of Darline’s private loan

In the end, Darline was able to find a private loan for $78000 with an interest rate of 7.8% interest APR from Mother Lode Bank in Sonora, California repayable over 9 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.