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Low Rate Secured Loan For Grady In Upland, California

$34000 Secured Loan – Upland California, Credit Rating Of 573

  • Experian: 584 – This individual had a fair Experian score
  • Transunion: 561 – Grady had a fair credit score with Transunion.
  • Equifax: Grady’s Experian score was 573, which is a fair credit rating using the Experian rating scheme.

When Grady was 19, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit score. Below is a chronology of Grady’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on March 12, 2009
  • Attempt 2) Loan for $31,000.00 on January 6, 2012
  • Attempt 3) Loan for $25,000.00 on March 4, 2010
  • Attempt 4) Loan for $39,000.00 on June 29, 2010
  • Attempt 5) Loan for $37,000.00 on June 4, 2013
  • Attempt 6) Loan for $24,000.00 on May 20, 2012

Contact Details for Golden State Bank, the provider of this secured loan

  • Golden State Bank
  • City: Upland
  • State: California
  • Address: 1060 West Foothill Boulevard
  • County: San Bernardino
  • Zip code: 91786

Several other requests for credit have been made by Grady in the past, including one from Bankers Trust Company, National Association in Upland, California before Grady was approved for the $34000 by Golden State Bank

Grady made 6 previous attempts to obtain a secured loan, 2 of which were with Bankers Trust Company, National Association, a bank in Upland, California known to specialize in secured loans specifically. Prior to finding Golden State Bank, Grady was desperate due to their inexperience and fair credit score.

Installment loan for Grady, a graduate of International Academy of English and a sales representative working for over $70,000 per year

Grady, an alumnus at International Academy of English and a sales representative in Upland, California wants a secured loan to purchase a car. Grady has instead chosen to obtain an installment loan for $1,000 and is currently seeking lenders like The First National Bank of Holtville to process their request.

Client Profile: Grady Sprenger of Upland, California
  • Full name (Changed if requested): Grady Sprenger
  • Current Credit: loans.hit.utils.Fico@b1bc7ed
  • Current City: Upland
  • State: California
  • Zip code: 91790
  • Yearly income: $41,000
  • Current Job: sales representative
  • Current County: San Bernardino
  • Goal Yearly Income: $92,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Grady has a disappointing current total income, but has a high number of prospects

Grady has always wanted to be a correction officer, but would need attend International Academy of English again to become one. Grady has other prospects as well, including motion picture projectionist, library technician, and radio & tv producer, which pay $59,000 through to $107,000 per year, on average. Because of this, we think that Grady can afford this secured loan of $34000.

Previous requests on Grady’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$145570.00 4 5.7% $3398.73 Santa Monica Bank September 12, 2009
$146230.00 9 6.1% $1762.84 Farmers and Merchants Bank of Long Beach September 14, 2012
$145660.00 7 11.2% $2509.4 First Interstate Bank of California May 31, 2013
$146140.00 4 5.6% $3405.37 Union Bank February 7, 2015
$145730.00 3 11.2% $4784.83 Citizens Commercial Trust and Savings Bank of Pasadena July 31, 2015

Grady’s Transunion score was altered by the secured loan loan, changing to 561 from 573, which is normal in our experience.

Transunion Score: 561

Personal Loan for a sales representative named Grady in Upland, California to Pay Off West Suburban Bank Visa Corporate Card

Grady had a tonne of credit card debt on their Berkshire Municipal Bank Visa Signature Bonus Rewards Card and their Omaha’s Henry Doorly Zoo Platinum Edition Visa Card, and they were starting to get in over their heads. Despite Grady’s job as a sales representative, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Grady’s Overall FICO score at the time of acceptance for a secured loan, taking into account their sales representative job and their future career as a correction officer

Fico Score: 573

Fast Loans for Grady in Upland, California to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Upland, California aren’t actually that difficult to obtain, especially if you have some gumption like Grady. Grady was able to find a fast loan for $34000 from Farmers and Merchants Bank of Long Beach and Citizens Commercial Trust and Savings Bank of Pasadena, but declined both offers in favor of their secured loan from Golden State Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big improvement if a borrower is on the go.

Paraphrased and Standardized Quote from Grady for this secured loan of $34000, provided by Golden State Bank

Hello, I am Grady and my hometown is Upland in California. San Bernardino, county is where I grew up, and now I need a secured loan in California for $34000 to buy a car. It wasn’t easy, but Golden State Bank really came through for me with this loan for 9.7% interest APR and a term of 17 years. I can repay the loan over the 17 year term, including interest. A big thanks to Golden State Bank for giving me a chance and my fair credit. It look me 7 years to build my credit to 573, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Grady was not approved by Citizens Commercial Trust and Savings Bank of Pasadena 4 times before being granted funding by Golden State Bank at 1060 West Foothill Boulevard

On September 18, 2010, Grady inquired about borrowing $40,000 from The Merchants National Bank of Sacramento with Nova, their in law from just outside Upland, and even with the co-signer, Grady was rejected for this secured loan. With fair credit, it can be very hard to procure funding, even with collateral and a co-signer.

9 Months Ago, Grady Attempted Finding a High Risk Loan for $31,000.00, and it was Hard

There is an well known struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Grady. Grady chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Clients with credit ratings as low as 423 can apply for a high risk loan and possibly can be accepted.

Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $32,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Grady needed a debt consolidation loan to pay for their existing secured loan and their loan shark loan. Grady was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your bad, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.7%.

Signature Loan acquired in Upland, California for $34000 with fair credit by Grady

Many clients struggle with finding signature loans in Upland, California, and Grady is not an exception. Grady went to 4 lending institutions or more prior to finding Golden State Bank, who offered Grady a signature loan for $34000. Most signature loans simply need a client, like Grady’s signature to obtain them, up to $26,000 in some cases. Grady was able to get $34000 as a secured loan, which is very high for a secured loan. Because signature loans don’t need collateral, these loans tend to require higher credit, as high as 798

Before applying for this secured loan, Grady had an Experian score of 584, which is fair, so Golden State Bank probably cannot provide Grady a secured loan

Experian Score: 584

Conclusion of Grady’s secured loan

In the end, Grady was able to find a secured loan for $34000 with an interest rate of 9.5% interest APR from Golden State Bank in Upland, California repayable over 17 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.