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Direct Loan With Very Low APR In Santa Clara County, California

$62000 Direct Loan – San Jose California, Credit Rating Of 653

  • Experian: 666 – This client had a good Experian score
  • Transunion: 637 – Doretta had a good credit rating with Transunion.
  • Equifax: Doretta’s Experian score was 653, which is a good credit rating using the Experian system.

Doretta was rejected by Southern California First National Bank 7 times before being accepted by American Bank and Trust Company at 40 South Market Street

On December 20, 2012, Doretta inquired about borrowing $24,000 from Central Bank with Tamesha, their in law from just outside San Jose, and even with the co-signer, Doretta was rejected for this direct loan. With good credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Doretta’s Transunion score was changed by the direct loan loan, changing to 637 from 653, which is typical in our experience.

Transunion Score: 637

Signature Loan easily acquired in San Jose, California for $62000 with good credit by Doretta

A lot of borrowers struggle with finding signature loans in San Jose, California, and Doretta is no exception. Doretta went to 8 lenders or more prior to settling on American Bank and Trust Company, who offered Doretta a signature loan for $62000. Typical signature loans simply require a client, like Doretta’s signature to get them, up to $47,000 in some cases. Doretta was able to get $62000 as a direct loan, which is very high for a direct loan. Because signature loans don’t need a cosigner, these loans tend to require better credit, as high as 718

8 Months Ago, Doretta Attempted Finding a High Risk Loan for $36,000.00, and it was Hard

There is an well known struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Doretta. Doretta decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit individuals. Borrowers with credit scores as low as 537 can apply for a high risk loan and may be be approved.

Previous requests on Doretta’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$145240.00 11 10.2% $1834.86 Santa Monica Bank October 18, 2008
$144550.00 3 11.7% $4780.44 Farmers and Merchants Bank of Long Beach December 12, 2011
$144740.00 10 5.6% $1577.99 First Interstate Bank of California February 26, 2013
$145270.00 7 7.6% $2235.37 Union Bank July 27, 2013
$145480.00 8 7.7% $2034.49 Citizens Commercial Trust and Savings Bank of Pasadena January 3, 2014

When Doretta was 24, they tried to obtain a student loan from 5 different banks, which harmed their credit rating. Below is a list of Doretta’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on February 27, 2009
  • Attempt 2) Loan for $21,000.00 on January 17, 2011
  • Attempt 3) Loan for $25,000.00 on June 7, 2011
  • Attempt 4) Loan for $22,000.00 on October 26, 2010
  • Attempt 5) Loan for $27,000.00 on November 10, 2009

Fast Loans for Doretta in San Jose, California to prevent bankruptcy or broken legs from debt collectors.

Fast loans in San Jose, California aren’t actually that difficult to obtain, especially if you have some gumption like Doretta. Doretta was able to find a fast loan for $62000 from Citizens Commercial Trust and Savings Bank of Pasadena and U.S. Bank of California, but declined both offers in favor of their direct loan from American Bank and Trust Company. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference in the case that you are on the go.

Multiple previous requests for credit have been made by Doretta in the past, including one from INB Banking Company in San Jose, California before Doretta was approved for the $62000 by American Bank and Trust Company

Doretta made 5 previous attempts to obtain a direct loan, 2 of which were with INB Banking Company, a lending institution in San Jose, California known to specialize in direct loans specifically. Before finding American Bank and Trust Company, Doretta was concerned due to their inexperience and good credit score.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $37,000.00 to $55,000.00. They are typically used to pay off existing high interest loans like credit cards. Doretta needed a debt consolidation loan to pay for their existing direct loan and their payday loan. Doretta was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.8%.

Installment loan for Doretta, a graduate of Itawamba Community College and a farm hand working for over $78,000 per year

Doretta, an alumnus at Itawamba Community College and a farm hand in San Jose, California wants a direct loan to purchase something frivolous. Doretta has instead decided to get an installment loan for $25,000 and is at present seeking lenders like United States National Bank to process their request.

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

Doretta has always wanted to be a bus boy / bus girl, but would need attend Itawamba Community College again to achieve it. Doretta has other possibilities as well, including alumni relations coordinator, personnel assistant, and financial services sales agent, which pay $52,000 through to $94,000 per year, at least. Because of this, we think that Doretta can afford this direct loan of $62000.

Before applying for this direct loan, Doretta had an Experian score of 666, which is good, so American Bank and Trust Company probably cannot provide Doretta a direct loan

Experian Score: 666

Personal Loan for a farm hand named Doretta in San Jose, California to Pay Off Sam’s Club Credit Card

Doretta had a tonne of credit card debt on their Conestoga Bank Visa Signature Bonus Rewards PLUS Card and their Wachovia Visa Buxx Card, and they were starting to get in over their heads. Despite Doretta’s job as a farm hand, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Doretta Dorner of San Jose, California
  • Full name (Changed if requested): Doretta Dorner
  • Current Credit: loans.hit.utils.Fico@433c675d
  • Current City: San Jose
  • State: California
  • Zip code: 95122
  • Yearly income: $50,000
  • Current Job: farm hand
  • Current County: Santa Clara
  • Goal Yearly Income: $128,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Contact Details for American Bank and Trust Company, the provider of this direct loan

  • American Bank and Trust Company
  • City: San Jose
  • State: California
  • Address: 40 South Market Street
  • County: Santa Clara
  • Zip code: 95113

Doretta’s Overall FICO score at the time of acceptance for a direct loan, taking into account their farm hand job and their future career as a bus boy / bus girl

Fico Score: 653

Paraphrased and Standardized Quote from Doretta for this direct loan of $62000, provided by American Bank and Trust Company

Hello, I am Doretta and my hometown is San Jose in California. Santa Clara, county is where I grew up, and now I need a direct loan in California for $62000 to avoid bankruptcy. It wasn’t easy, but American Bank and Trust Company really came through for me with this loan for 6.6% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to American Bank and Trust Company for trusting me and my good credit. It look me 7 years to build my credit to 653, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Conclusion of Doretta’s direct loan

In the end, Doretta was able to find a direct loan for $62000 with an interest rate of 11.0% interest APR from American Bank and Trust Company in San Jose, California repayable over 16 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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