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Perry Needed A Consolidation Loan For $12000, Los Angeles, California

$12000 Consolidation Loan – Los Angeles California, Credit Rating Of 389

  • Experian: 400 – They had a terrible Experian score
  • Transunion: 374 – Perry had a terrible credit rating with Transunion.
  • Equifax: Perry’s Experian score was 389, which is a terrible credit rating on the Experian rating scheme.

Perry’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their music teacher job and their future job as a sales representative

Fico Score: 389

Paraphrased and Standardized Quote from Perry for this consolidation loan of $12000, provided by The Bank of New York Mellon Trust Company, National Association

Hi, I am Perry and my hometown is Los Angeles in California. Los Angeles, county is where I grew up, and now I need a consolidation loan in California for $12000 to avoid bankruptcy. It wasn’t easy, but The Bank of New York Mellon Trust Company, National Association really came through for me with this loan for 5.5% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to The Bank of New York Mellon Trust Company, National Association for giving me a chance and my terrible credit. It look me 8 years to create my credit to 389, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $20,000.00 to $50,000.00. They are mainly used to pay off existing high interest loans like credit cards. Perry required a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Perry was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your dirty, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.4%.

Client Profile: Perry Salado of Los Angeles, California
  • Full name (Changed if requested): Perry Salado
  • Current Credit: loans.hit.utils.Fico@31cefde0
  • Current City: Los Angeles
  • State: California
  • Zip code: 90075
  • Yearly income: $61,000
  • Current Job: music teacher
  • Current County: Los Angeles
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Installment loan for Perry, a graduate of The Community College of Baltimore County and a music teacher working for over $65,000 per year

Perry, an alumnus at The Community College of Baltimore County and a music teacher in Los Angeles, California needs a consolidation loan to purchase a house. Perry has instead decided to get an installment loan for $13,000 and is at present seeking lenders like The Merchants National Bank of Sacramento to provide it.

Perry was not approved by Santa Ynez Valley Bank 6 times prior to being granted funding by The Bank of New York Mellon Trust Company, National Association at 400 South Hope Street

On February 3, 2010, Perry applied about borrowing $7,000 from Farmers & Merchants Bank of Central California with Eleonore, their friend from just outside Los Angeles, and even with the co-signer, Perry was rejected for this consolidation loan. With terrible credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Contact Details for The Bank of New York Mellon Trust Company, National Association, the provider of this consolidation loan

  • The Bank of New York Mellon Trust Company, National Association
  • City: Los Angeles
  • State: California
  • Address: 400 South Hope Street
  • County: Los Angeles
  • Zip code: 90071

When Perry was 18, they attempted to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Perry’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on November 25, 2009
  • Attempt 2) Loan for $35,000.00 on September 5, 2010
  • Attempt 3) Loan for $25,000.00 on March 6, 2010
  • Attempt 4) Loan for $26,000.00 on June 7, 2009

Previous requests on Perry’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$13430.00 4 8.7% $332.3 Santa Monica Bank November 13, 2008
$12880.00 5 8.6% $264.87 Farmers and Merchants Bank of Long Beach April 9, 2012
$12690.00 11 5.2% $126.44 First Interstate Bank of California May 12, 2013
$12890.00 3 9.1% $410.5 Union Bank January 15, 2014
$12650.00 10 7.4% $149.5 Citizens Commercial Trust and Savings Bank of Pasadena August 24, 2014

Personal Loan for a music teacher named Perry in Los Angeles, California to Pay Off Fifth Third Preferred Card

Perry had a tonne of credit card debt on their BancorpSouth Platinum MasterCard and their Bank of Akron Visa Business, and they were starting to get in over their heads. Despite Perry’s job as a music teacher, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan acquired in Los Angeles, California for $12000 with terrible credit by Perry

Many clients struggle with finding signature loans in Los Angeles, California, and Perry is the same. Perry went to 4 lending institutions or more before settling on The Bank of New York Mellon Trust Company, National Association, who offered Perry a signature loan for $12000. Typical signature loans simply require a client, like Perry’s signature to get them, up to $20,000 in some cases. Perry was able to get $12000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not require collateral, these loans generally need better credit, as high as 712

Perry’s Transunion score was changed by the consolidation loan loan, changing to 374 from 389, which is typical in our experience.

Transunion Score: 374

Fast Loans for Perry in Los Angeles, California to prevent bankruptcy or harm from debt collectors.

Fast loans in Los Angeles, California aren’t actually that difficult to obtain, particularly if you have some finesse like Perry. Perry was able to find a fast loan for $12000 from Citizens Commercial Trust and Savings Bank of Pasadena and The Merchants National Bank of Sacramento, but declined both offers in favor of their consolidation loan from The Bank of New York Mellon Trust Company, 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. An improvement if you are in a pinch.

Multiple previous requests for credit have been made by Perry in the past, including one from Citizens Bank of Blount County in Los Angeles, California before Perry was accepted for the $12000 by The Bank of New York Mellon Trust Company, National Association

Perry made 8 previous attempts to obtain a consolidation loan, 2 of which were with Citizens Bank of Blount County, a lender in Los Angeles, California known to specialize in consolidation loans specifically. Before finding The Bank of New York Mellon Trust Company, National Association, Perry was very concerned due to their inexperience and terrible credit rating.

Before applying for this consolidation loan, Perry had an Experian score of 400, which is terrible, so The Bank of New York Mellon Trust Company, National Association likely can provide Perry a consolidation loan

Experian Score: 400

Perry has a sad current total income, but has a large amount of prospects

Perry has always wanted to be a sales representative, but would have to attend The Community College of Baltimore County again to become one. Perry has other prospects as well, including bulldozer / grader operator, medical administrative assistant, and surgeon, which pay $51,000 through to $91,000 per year, on average. Because of this, we think that Perry can afford this consolidation loan of $12000.

8 Months Ago, Perry Tried to Find a High Risk Loan for $34,000.00, and it was Easy

There is an ongoing struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Perry. Perry decided not to obtain a high risk loan this time. High Risk loans are given to very low credit clients. Borrowers with credit scores as low as 427 can apply for a high risk loan and possibly can be accepted.

Conclusion of Perry’s consolidation loan

In the end, Perry was able to find a consolidation loan for $12000 with an interest rate of 6.5% interest APR from The Bank of New York Mellon Trust Company, National Association in Los Angeles, California repayable over 15 years from now.

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.