$40000 Emergency Loan – Salt Lake City Utah, Credit Score Of 430
- Experian: 447 – This individual had a bad Experian score
- Transunion: 417 – Raymundo had a bad credit rating with Transunion.
- Equifax: Raymundo’s Experian score was 430, which is a bad credit score with the Experian scale.
Raymundo’s Transunion score was changed by the emergency loan loan, changing to 417 from 430, which is normal in our experience.
Personal Loan for a controller named Raymundo in Salt Lake City, Utah to Pay Off Silver Prepaid MasterCard
Raymundo had a lot of credit card debt on their USAA Rewards World MasterCard and their Northeastern University Platinum Plus MasterCard with WorldPoints Rewards, and they were starting to get in over their heads. Despite Raymundo’s job as a controller, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $27,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Raymundo required a debt consolidation loan to pay for their existing emergency loan and their payday loan. Raymundo was able to find a emergency loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.0%.
Contact Details for U.S. Bank of Utah, the provider of this emergency loan
- U.S. Bank of Utah
- City: Salt Lake City
- State: Utah
- Address: Two East Broadway
- County: Salt Lake
- Zip code: 84111
Installment loan for Raymundo, a graduate of University of Texas at Austin and a controller working for over $61,000 per year
Raymundo, an alumnus at University of Texas at Austin and a controller in Salt Lake City, Utah wants an emergency loan to purchase a house. Raymundo has instead chosen to obtain an installment loan for $20,000 and is currently seeking lenders like Davis County Bank to provide it.
Previous requests on Raymundo’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$52200.00||4||5.1%||$1204.5||Bank of Ephraim||October 13, 2011|
|$52430.00||10||8.8%||$658.5||Gunnison Valley Bank||September 7, 2013|
|$52230.00||6||5.1%||$843.59||The Helper State Bank||December 2, 2013|
|$51800.00||10||8.1%||$631.22||Barnes Banking Company||May 28, 2014|
|$51730.00||9||5.5%||$608.34||KeyBank National Association||April 27, 2015|
Raymundo has a very low current total income, but has a high number of prospects
Raymundo has always wanted to be a casino surveillance officer, but would have to attend University of Texas at Austin again to become one. Raymundo has other prospects as well, including soil engineer, animal kennel supervisor, and database administrator, which pay $50,000 through to $93,000 per year, on average. For this reason, we think that Raymundo can pay for this emergency loan of $40000.
8 Months in the Past, Raymundo Attempted to Find a High Risk Loan for $42,000.00, and it was Easy
It is an ongoing struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Raymundo. Raymundo decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Individuals with credit scores as low as 528 can inquire for a high risk loan and may be be accepted.
Before applying for this emergency loan, Raymundo had an Experian score of 447, which is bad, so U.S. Bank of Utah probably cannot provide Raymundo an emergency loan
Paraphrased and Standardized Quote from Raymundo for this emergency loan of $40000, provided by U.S. Bank of Utah
Hi, I am Raymundo and my hometown is Salt Lake City in Utah. Salt Lake, county is where I grew up, and now I need a emergency loan in Utah for $40000 to buy a car. It has been difficult, but U.S. Bank of Utah really came through for me with this loan for 9.6% interest APR and a term of 18 years. I can probably repay the loan over the 18 year term, including interest. A big thanks to U.S. Bank of Utah for giving me a chance and my bad credit. It look me 7 years to create my credit to 430, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.
Raymundo was not approved by Bank of St. George 7 times prior to being accepted by U.S. Bank of Utah at Two East Broadway
On October 5, 2011, Raymundo applied about borrowing $48,000 from Barnes Banking Company with Gracie, their friend from just outside Salt Lake City, and even with the co-signer, Raymundo was rejected for this emergency loan. With bad credit, it can be challenging to obtain financing, even with collateral and a co-signer.
- Full name (Changed if requested): Raymundo Stickley
- Current Credit: loans.hit.utils.Fico@b1bc7ed
- Current City: Salt Lake City
- State: Utah
- Zip code: 84119
- Yearly income: $48,000
- Current Job: controller
- Current County: Salt Lake
- Goal Yearly Income: $114,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
Signature Loan acquired in Salt Lake City, Utah for $40000 with bad credit by Raymundo
Many clients struggle with finding signature loans in Salt Lake City, Utah, and Raymundo is no exception. Raymundo went to 4 lenders or more prior to settling on U.S. Bank of Utah, who offered Raymundo a signature loan for $40000. Most signature loans simply need a client, like Raymundo’s signature to obtain them, up to $43,000 in some cases. Raymundo was able to get $40000 as a emergency loan, which is very high for an emergency loan. Because signature loans don’t require a cosigner, these loans tend to need higher credit, as high as 787
Fast Loans for Raymundo in Salt Lake City, Utah to prevent bankruptcy or harm from debt collectors.
Fast loans in Salt Lake City, Utah aren’t actually that difficult to obtain, especially if you have some gumption like Raymundo. Raymundo was able to find a fast loan for $40000 from Bank of America Utah, National Association and Davis County Bank, but declined both offers in favor of their emergency loan from U.S. Bank of Utah. 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 5 weeks for personal loans. An improvement if you are on the go.
When Raymundo was 19, they tried to obtain a student loan from 7 alternate lenders, which damaged their credit score. Below is a list of Raymundo’s prior attempts at finding a student loan:
- Attempt 1) Loan for $29,000.00 on April 28, 2010
- Attempt 2) Loan for $24,000.00 on June 10, 2009
- Attempt 3) Loan for $21,000.00 on May 3, 2011
- Attempt 4) Loan for $23,000.00 on May 1, 2011
- Attempt 5) Loan for $32,000.00 on July 2, 2011
- Attempt 6) Loan for $34,000.00 on April 7, 2013
- Attempt 7) Loan for $34,000.00 on March 28, 2009
Multiple other requests for credit have been made by Raymundo in the past, including one from First Union Bank of Connecticut in Salt Lake City, Utah before Raymundo was accepted for the $40000 by U.S. Bank of Utah
Raymundo made 7 prior attempts to obtain an emergency loan, 2 of which were with First Union Bank of Connecticut, a lender in Salt Lake City, Utah known to specialize in emergency loans specifically. Prior to finding U.S. Bank of Utah, Raymundo was desperate due to their inexperience and bad credit rating.
Raymundo’s Overall FICO score at the time of acceptance for an emergency loan, taking into account their controller job and their future career as a casino surveillance officer
Conclusion of Raymundo’s emergency loan
In the end, Raymundo was able to find an emergency loan for $40000 with an interest rate of 5.5% interest APR from U.S. Bank of Utah in Salt Lake City, Utah repayable over 18 years from now.