$44000 High Risk Loan – Ridgecrest California, Credit Rating Of 701
- Experian: 711 – This individual had a good Experian rating
- Transunion: 685 – Mozell had a good credit rating with Transunion.
- Equifax: Mozell’s Experian score was 701, which is a good credit score with the Experian rating scheme.
Multiple other requests for credit have been made by Mozell in the past, including one from Capital Bank of North County in Ridgecrest, California before Mozell was accepted for the $44000 by First Federal Savings and Loan Association
Mozell made 7 prior attempts to obtain a high risk loan, 2 of which were with Capital Bank of North County, a bank in Ridgecrest, California known to specialize in high risk loans specifically. Prior to finding First Federal Savings and Loan Association, Mozell was concerned due to their inexperience and good credit rating.
Mozell’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their farm equipment mechanic job and their future career as a medical photographer
Before applying for this high risk loan, Mozell had an Experian score of 711, which is good, so First Federal Savings and Loan Association most likely cannot provide Mozell a high risk loan
Mozell was declined by Southern California First National Bank 4 times prior to being approved by First Federal Savings and Loan Association at 111 North Balsam Street
On July 16, 2010, Mozell applied about borrowing $37,000 from United States National Bank with Myrtle, their in law from just outside Ridgecrest, and even with the co-signer, Mozell was rejected for this high risk loan. With good credit, it can be challenging to procure financing, even with collateral and a co-signer.
Installment loan for Mozell, a graduate of Lincoln College of Technology – Melrose Park and a farm equipment mechanic working for over $66,000 per year
Mozell, an alumnus at Lincoln College of Technology – Melrose Park and a farm equipment mechanic in Ridgecrest, California needs a high risk loan to purchase something frivolous. Mozell has instead decided to get an installment loan for $29,000 and is at present seeking lenders like Southern California First National Bank to provide it.
8 Months in the Past, Mozell Attempted to Find a High Risk Loan for $20,000.00, but They Didn’t Find What They were Expecting
There is an existing struggle for clients to find high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Mozell. Mozell decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Clients with credit scores as low as 304 can inquire for a high risk loan and may be be accepted.
Previous requests on Mozell’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$52410.00||9||7.1%||$658.11||Santa Monica Bank||February 27, 2009|
|$51830.00||5||5.5%||$990.01||Farmers and Merchants Bank of Long Beach||December 6, 2009|
|$51570.00||11||10.2%||$651.5||First Interstate Bank of California||August 17, 2013|
|$51810.00||7||5.8%||$751.91||Union Bank||April 16, 2014|
Mozell has a very low current total income, but has a large amount of prospects
Mozell has always wanted to be a medical photographer, but would need attend Lincoln College of Technology – Melrose Park again to achieve it. Mozell has other possibilities as well, including agricultural crop farm manager, office machine mechanic, and metal fabricator, which pay $57,000 through to $96,000 per year, on average. Because of this, we think that Mozell can pay for this high risk loan of $44000.
Signature Loan easily acquired in Ridgecrest, California for $44000 with good credit by Mozell
Many prospective borrowers struggle with finding signature loans in Ridgecrest, California, and Mozell is no exception. Mozell went to 8 lenders or more prior to settling on First Federal Savings and Loan Association, who offered Mozell a signature loan for $44000. Most signature loans simply require a client, like Mozell’s signature to get them, up to $20,000 in some cases. Mozell was able to get $44000 as a high risk loan, which is very high for a high risk loan. Since signature loans don’t need collateral, they generally require higher credit, as high as 742
Contact Details for First Federal Savings and Loan Association, the provider of this high risk loan
- First Federal Savings and Loan Association
- City: Ridgecrest
- State: California
- Address: 111 North Balsam Street
- County: Kern
- Zip code: 93555
Personal Loan for a farm equipment mechanic named Mozell in Ridgecrest, California to Pay Off Navy FCU nRewards Secured Credit Card
Mozell had a tonne of credit card debt on their State Farm Good Neighbor Visa Credit Card and their Wells Fargo Platinum Visa Credit Card, and they were starting to get in over their heads. Despite Mozell’s job as a farm equipment mechanic, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Fast Loans for Mozell in Ridgecrest, California to prevent bankruptcy or harm from debt collectors.
Fast loans in Ridgecrest, California aren’t actually that difficult to obtain, especially if you have some gumption like Mozell. Mozell was able to find a fast loan for $44000 from Beverly Hills National Bank and Central Bank, but declined both offers in favor of their high risk loan from First Federal Savings and Loan Association. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference if you are in a pinch.
Paraphrased and Standardized Quote from Mozell for this high risk loan of $44000, provided by First Federal Savings and Loan Association
Hello, I am Mozell and my hometown is Ridgecrest in California. Kern, county is where I grew up, and now I need a high risk loan in California for $44000 to renovate my home. It wasn’t easy, but First Federal Savings and Loan Association really came through for me with this loan for 8.0% interest APR and a term of 4 years. I can probably repay the loan over the 4 year term, including interest. A big thanks to First Federal Savings and Loan Association for trusting me and my good credit. It look me 9 years to create my credit to 701, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.
Mozell’s Transunion score was changed by the high risk loan loan, changing to 685 from 701, which is typical in our experience.
- Full name (Changed if requested): Mozell Gularte
- Current Credit: loans.hit.utils.Fico@1e80bfe8
- Current City: Ridgecrest
- State: California
- Zip code: 93559
- Yearly income: $32,000
- Current Job: farm equipment mechanic
- Current County: Kern
- Goal Yearly Income: $85,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
When Mozell was 18, they tried to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Mozell’s previous attempts at finding a student loan:
- Attempt 1) Loan for $25,000.00 on October 4, 2009
- Attempt 2) Loan for $21,000.00 on September 3, 2012
- Attempt 3) Loan for $34,000.00 on March 10, 2013
- Attempt 4) Loan for $20,000.00 on March 19, 2010
Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Average debt consolidation loans vary from $30,000.00 to $46,000.00. They are normally used to pay off existing high interest loans like credit cards. Mozell needed a debt consolidation loan to pay for their existing high risk loan and their payday loan. Mozell was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.5%.
Conclusion of Mozell’s high risk loan
In the end, Mozell was able to find a high risk loan for $44000 with an interest rate of 7.7% interest APR from First Federal Savings and Loan Association in Ridgecrest, California repayable over 4 years from today.