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Low Rate Private Loan For Neal In Seattle, Washington

$135000 Private Loan – Seattle Washington, Credit Score Of 553

  • Experian: 571 – This individual had a fair Experian rating
  • Transunion: 535 – Neal had a fair credit score with Transunion.
  • Equifax: Neal’s Experian score was 553, which is a fair credit score on the Experian system.

Personal Loan for a platemakers named Neal in Seattle, Washington to Pay Off Starbucks Prepaid Rewards Card

Neal had a lot of credit card debt on their Wilkes University Rewards Visa and their Asiana Visa Business Card, and they were starting to get in over their heads. Despite Neal’s job as a platemakers, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Neal for this private loan of $135000, provided by Washington Federal, National Association

Hello, I am Neal and I am from Seattle in Washington. King, county is where I grew up, and now I need a private loan in Washington for $135000 to renovate my home. It has been difficult, but Washington Federal, National Association really came through for me with this loan for 11.6% interest APR and a term of 13 years. I can probably repay the loan over the 13 year term, including interest. A big thanks to Washington Federal, National Association for giving me a chance and my fair credit. It look me 8 years to create my credit to 553, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Fast Loans for Neal in Seattle, Washington to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Seattle, Washington aren’t actually that difficult to obtain, particularly if you have some finesse like Neal. Neal was able to find a fast loan for $135000 from State Bank of Morton and Old National Bank of Washington, but turned down both offers in favor of their private loan from Washington Federal, National Association. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big difference in the case that a borrower is in a time sensitive situation.

When Neal was 18, they attempted to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a chronology of Neal’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on February 7, 2009
  • Attempt 2) Loan for $30,000.00 on February 16, 2009
  • Attempt 3) Loan for $29,000.00 on January 8, 2009
  • Attempt 4) Loan for $29,000.00 on July 11, 2013
  • Attempt 5) Loan for $32,000.00 on December 11, 2011

Neal was rejected by Cashmere Valley Bank 4 times prior to being approved by Washington Federal, National Association at 425 Pike Street

On April 7, 2011, Neal inquired about borrowing $46,000 from Citizens State Bank with Loriann, their friend from just outside Seattle, and even with the co-signer, Neal was rejected for this private loan. With fair credit, it can be very hard to procure funding, even with collateral and a co-signer.

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $39,000.00 to $41,000.00. They are mainly used to pay off existing high interest loans like credit cards. Neal required a debt consolidation loan to pay for their existing private loan and their loan shark loan. Neal was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.2%.

Signature Loan acquired in Seattle, Washington for $135000 with fair credit by Neal

A lot of prospective borrowers struggle with obtaining signature loans in Seattle, Washington, and Neal is not an exception. Neal went to 4 lenders or more before finding Washington Federal, National Association, who offered Neal a signature loan for $135000. Typical signature loans simply need a client, like Neal’s signature to obtain them, up to $25,000 in some cases. Neal was able to get $135000 as a private loan, which is very high for a private loan. Because signature loans don’t need collateral, they tend to need better credit, as high as 741

Neal’s Overall FICO score at the time of acceptance for a private loan, taking into account their platemakers job and their future career as a platemakers

Fico Score: 553

Previous requests on Neal’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$70790.00 6 11.8% $1376.61 Granite Falls State Bank February 5, 2010
$71480.00 3 8.7% $2263.08 Columbia Gorge Bank September 30, 2010
$71160.00 7 9.6% $1166.69 Summit Bank May 28, 2011
$71320.00 4 9.7% $1798.6 State Bank of Morton September 8, 2011

Before applying for this private loan, Neal had an Experian score of 571, which is fair, so Washington Federal, National Association likely can provide Neal a private loan

Experian Score: 571

Neal has a sad current yearly income, but has a large amount of prospects

Neal has always wanted to be a platemakers, but would have to attend University of Phoenix again to achieve it. Neal has other prospects as well, including pbx installer and repairer, adjustment clerk, and photoengravers, which pay $58,000 through to $94,000 per year, at least. Because of this, we think that Neal can pay for this private loan of $135000.

9 Months Ago, Neal Tried Finding a High Risk Loan for $29,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Neal. Neal chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Borrowers with credit scores as low as 507 can apply for a high risk loan and possibly can be accepted.

Neal’s Transunion score was altered by the private loan loan, changing to 535 from 553, which is typical in our experience.

Transunion Score: 535

Several other requests for credit have been made by Neal in the past, including one from Northshore Bank in Seattle, Washington before Neal was accepted for the $135000 by Washington Federal, National Association

Neal made 7 previous attempts to obtain a private loan, 2 of which were with Northshore Bank, a bank in Seattle, Washington known to specialize in private loans specifically. Prior to finding Washington Federal, National Association, Neal was very concerned due to their inexperience and fair credit score.

Installment loan for Neal, a graduate of University of Phoenix and a platemakers working for over $67,000 per year

Neal, an alumnus at University of Phoenix and a platemakers in Seattle, Washington wants a private loan to purchase something frivolous. Neal has instead chosen to get an installment loan for $22,000 and is at present seeking lenders like Bank of America NW, National Association to process their request.

Contact Details for Washington Federal, National Association, the provider of this private loan

  • Washington Federal, National Association
  • City: Seattle
  • State: Washington
  • Address: 425 Pike Street
  • County: King
  • Zip code: 98101
Client Profile: Neal Pobre of Seattle, Washington
  • Full name (Changed if requested): Neal Pobre
  • Current Credit: loans.hit.utils.Fico@4edde6e5
  • Current City: Seattle
  • State: Washington
  • Zip code: 98102
  • Yearly income: $38,000
  • Current Job: platemakers
  • Current County: King
  • Goal Yearly Income: $129,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Conclusion of Neal’s private loan

In the end, Neal was able to find a private loan for $135000 with an interest rate of 6.3% interest APR from Washington Federal, National Association in Seattle, Washington repayable over 13 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.