$63000 Emergency Loan – Cerritos California, Credit Score Of 510
- Experian: 527 – They had a fair Experian score
- Transunion: 498 – Erna had a fair credit rating with Transunion.
- Equifax: Erna’s Experian score was 510, which is a fair credit rating on the Experian rating scheme.
Contact Details for Gateway Business Bank, the provider of this emergency loan
- Gateway Business Bank
- City: Cerritos
- State: California
- Address: 18000 Studebaker Road, Suite 550
- County: Los Angeles
- Zip code: 90703
Installment loan for Erna, a graduate of Centra Health and a food preparation worker working for over $70,000 per year
Erna, an alumnus at Centra Health and a food preparation worker in Cerritos, California needs an emergency loan to purchase a house. Erna has instead decided to obtain an installment loan for $7,000 and is at present seeking lenders like Union Bank to provide it.
Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans range from $25,000.00 to $43,000.00. They are mainly used to pay off existing high interest loans like credit cards. Erna needed a debt consolidation loan to pay for their existing emergency loan and their payday loan. Erna was able to find a emergency loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.5%.
When Erna was 18, they tried to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a chronology of Erna’s previous attempts at finding a student loan:
- Attempt 1) Loan for $23,000.00 on March 13, 2014
- Attempt 2) Loan for $36,000.00 on June 30, 2011
- Attempt 3) Loan for $27,000.00 on January 17, 2012
- Attempt 4) Loan for $27,000.00 on September 28, 2010
- Attempt 5) Loan for $24,000.00 on January 6, 2009
- Attempt 6) Loan for $29,000.00 on December 30, 2009
Paraphrased and Standardized Quote from Erna for this emergency loan of $63000, provided by Gateway Business Bank
Hello, I am Erna and I’m from Cerritos in California. Los Angeles, county is where I grew up, and now I need a emergency loan in California for $63000 to pay bills. It wasn’t easy, but Gateway Business Bank really came through for me with this loan for 11.2% interest APR and a term of 2 years. I can repay the loan over the 2 year term, including interest. A big thanks to Gateway Business Bank for giving me a chance and my fair credit. It look me 5 years to build my credit to 510, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.
Personal Loan for a food preparation worker named Erna in Cerritos, California to Pay Off Justice FCU FBINAA Visa Rewards Credit Card
Erna had a lot of credit card debt on their Sleep Number Credit Card and their Commerce Bank Special Connections MasterCard with Rewards, and they were starting to get in over their heads. Despite Erna’s job as a food preparation worker, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
8 Months Ago, Erna Tried to Find a High Risk Loan for $46,000.00, but They Didn’t Find What They were Expecting
There is an existing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Erna. Erna chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Clients with credit ratings as low as 308 can apply for a high risk loan and may be be approved.
- Full name (Changed if requested): Erna Retterbush
- Current Credit: loans.hit.utils.Fico@c4437c4
- Current City: Cerritos
- State: California
- Zip code: 90710
- Yearly income: $60,000
- Current Job: food preparation worker
- Current County: Los Angeles
- Goal Yearly Income: $89,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Fast Loans for Erna in Cerritos, California to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Cerritos, California aren’t actually that difficult to obtain, particularly if you have some gumption like Erna. Erna was able to find a fast loan for $63000 from Community First National Bank and Citizens Commercial Trust and Savings Bank of Pasadena, but turned down both offers in favor of their emergency loan from Gateway Business Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. An improvement in the case that a client is in a pinch.
Before applying for this emergency loan, Erna had an Experian score of 527, which is fair, so Gateway Business Bank likely cannot provide Erna an emergency loan
Erna has a sad current gross income, but has a large amount of prospects
Erna has always wanted to be a radio & tv sports announcer, but would need attend Centra Health again to achieve it. Erna has other possibilities as well, including missionary worker, parking lot attendant, and security guard, which pay $53,000 through to $99,000 per year, on average. Because of this, we think that Erna can afford this emergency loan of $63000.
Erna’s Overall FICO score at the time of acceptance for an emergency loan, taking into account their food preparation worker job and their future job as a radio & tv sports announcer
Signature Loan found in Cerritos, California for $63000 with fair credit by Erna
A lot of borrowers struggle with finding signature loans in Cerritos, California, and Erna is no different. Erna went to 7 lenders or more prior to finding Gateway Business Bank, who offered Erna a signature loan for $63000. Most signature loans simply need a client, like Erna’s signature to obtain them, up to $49,000 in some cases. Erna was able to get $63000 as a emergency loan, which is very high for an emergency loan. Because signature loans do not need collateral, they tend to need improved credit, as high as 771
Previous requests on Erna’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$71660.00||9||8.1%||$936.64||Santa Monica Bank||September 9, 2010|
|$72280.00||7||7.3%||$1101.53||Farmers and Merchants Bank of Long Beach||June 17, 2011|
|$72170.00||11||11.7%||$974.36||First Interstate Bank of California||March 14, 2013|
|$72100.00||9||8.4%||$953.67||Union Bank||February 20, 2014|
|$72240.00||8||5.5%||$931.85||Citizens Commercial Trust and Savings Bank of Pasadena||January 16, 2015|
Erna’s Transunion score was changed by the emergency loan loan, changing to 498 from 510, which is typical in our experience.
Erna was not approved by Community First National Bank 4 times prior to being approved by Gateway Business Bank at 18000 Studebaker Road, Suite 550
On June 30, 2012, Erna applied about borrowing $6,000 from First Northern Bank of Dixon with Maegan, their friend from just outside Cerritos, and even with the co-signer, Erna was rejected for this emergency loan. With fair credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Several past requests for credit have been made by Erna in the past, including one from The Stonewall Bank in Cerritos, California before Erna was accepted for the $63000 by Gateway Business Bank
Erna made 9 previous tries to obtain an emergency loan, 2 of which were with The Stonewall Bank, a bank in Cerritos, California known to specialize in emergency loans specifically. Before finding Gateway Business Bank, Erna was very concerned due to their inexperience and fair credit rating.
Conclusion of Erna’s emergency loan
In the end, Erna was able to find an emergency loan for $63000 with an interest rate of 9.4% interest APR from Gateway Business Bank in Cerritos, California repayable over 2 years from now.