$140000 Signature Loan – Hayward California, Credit Rating Of 310
- Experian: 320 – They had a terrible Experian score
- Transunion: 293 – Detra had a terrible credit rating with Transunion.
- Equifax: Detra’s Experian score was 310, which is a terrible credit rating using the Experian scale.
Personal Loan for a heavy equipment mechanic named Detra in Hayward, California to Pay Off HomeGoods Credit Card
Detra had a tonne of credit card debt on their US Bank FlexPerks Select Rewards Visa and their Johns Hopkins American Express Rewards Card, and they were starting to get in over their heads. Despite Detra’s job as a heavy equipment mechanic, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Signature Loan acquired in Hayward, California for $140000 with terrible credit by Detra
Many clients have difficulty with obtaining signature loans in Hayward, California, and Detra is no exception. Detra went to 4 lenders or more before finding Bank of Hayward, who offered Detra a signature loan for $140000. Most signature loans simply need a client, like Detra’s signature to get them, up to $39,000 in some cases. Detra was able to get $140000 as a signature loan, which is very high for a signature loan. Because signature loans don’t require a cosigner, they generally require improved credit, as high as 755
Previous requests on Detra’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$125290.00||8||10.1%||$1907.81||Santa Monica Bank||January 4, 2011|
|$125330.00||9||9.8%||$1750.94||Farmers and Merchants Bank of Long Beach||February 25, 2011|
|$124780.00||11||11.4%||$1662.7||First Interstate Bank of California||May 6, 2012|
|$125190.00||4||11.7%||$3278.32||Union Bank||December 3, 2012|
- Full name (Changed if requested): Detra Hissam
- Current Credit: loans.hit.utils.Fico@cc34f4d
- Current City: Hayward
- State: California
- Zip code: 94546
- Yearly income: $55,000
- Current Job: heavy equipment mechanic
- Current County: Alameda
- Goal Yearly Income: $135,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Contact Details for Bank of Hayward, the provider of this signature loan
- Bank of Hayward
- City: Hayward
- State: California
- Address: 1151 A Street
- County: Alameda
- Zip code: 94541
Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans range from $28,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Detra needed a debt consolidation loan to pay for their existing signature loan and their payday loan. Detra was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.5%.
8 Months in the Past, Detra Tried Finding a High Risk Loan for $39,000.00, and it was Hard
It is an existing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Detra. Detra decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Individuals with credit scores as low as 313 can apply for a high risk loan and have a chance to be accepted.
Detra’s Transunion score was changed by the signature loan loan, changing to 293 from 310, which is normal in our experience.
Installment loan for Detra, a graduate of Stratford University and a heavy equipment mechanic working for over $73,000 per year
Detra, an alumnus at Stratford University and a heavy equipment mechanic in Hayward, California needs a signature loan to purchase a new cell phone. Detra has instead chosen to obtain an installment loan for $18,000 and is at present seeking lenders like Citizens Commercial Trust and Savings Bank of Pasadena to process their request.
Fast Loans for Detra in Hayward, California to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Hayward, California aren’t actually that difficult to obtain, particularly if you have some gumption like Detra. Detra was able to find a fast loan for $140000 from Bank of Stockton and Union Bank, but declined both offers in favor of their signature loan from Bank of Hayward. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement in the case that a borrower is on the go.
Detra’s Overall FICO score at the time of acceptance for a signature loan, taking into account their heavy equipment mechanic job and their future career as a clergy member
Several past requests for credit have been made by Detra in the past, including one from National Security Bank in Hayward, California before Detra was accepted for the $140000 by Bank of Hayward
Detra made 8 previous tries to obtain a signature loan, 2 of which were with National Security Bank, a lender in Hayward, California known to specialize in signature loans specifically. Prior to finding Bank of Hayward, Detra was very concerned due to their inexperience and terrible credit score.
Before applying for this signature loan, Detra had an Experian score of 320, which is terrible, so Bank of Hayward most likely cannot provide Detra a signature loan
When Detra was 18, they attempted to obtain a student loan from 7 different banks, which harmed their credit score. Below is a list of Detra’s prior attempts at finding a student loan:
- Attempt 1) Loan for $24,000.00 on December 30, 2010
- Attempt 2) Loan for $36,000.00 on April 10, 2009
- Attempt 3) Loan for $28,000.00 on April 1, 2011
- Attempt 4) Loan for $23,000.00 on May 2, 2010
- Attempt 5) Loan for $32,000.00 on January 1, 2012
- Attempt 6) Loan for $38,000.00 on January 14, 2009
- Attempt 7) Loan for $37,000.00 on September 20, 2009
Detra was declined by Community First National Bank 7 times prior to being granted funding by Bank of Hayward at 1151 A Street
On July 19, 2010, Detra inquired about borrowing $27,000 from First Trust Bank with Gregory, their friend from just outside Hayward, and even with the co-signer, Detra was rejected for this signature loan. With terrible credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Detra has a low current yearly income, but has a high number of prospects
Detra has always wanted to be a clergy member, but would need attend Stratford University again to achieve it. Detra has other possibilities as well, including orthodontist, environmental science professsor, and vocational education teachers, which pay $50,000 through to $93,000 per year, at least. For this reason, we think that Detra can afford this signature loan of $140000.
Paraphrased and Standardized Quote from Detra for this signature loan of $140000, provided by Bank of Hayward
Hello, I am Detra and my hometown is Hayward in California. Alameda, county is where I grew up, and now I need a signature loan in California for $140000 to avoid bankruptcy. It has been difficult, but Bank of Hayward really came through for me with this loan for 6.6% interest APR and a term of 21 years. I can repay the loan over the 21 year term, including interest. A big thanks to Bank of Hayward for trusting me and my terrible credit. It look me 7 years to build my credit to 310, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.
Conclusion of Detra’s signature loan
In the end, Detra was able to find a signature loan for $140000 with an interest rate of 9.3% interest APR from Bank of Hayward in Hayward, California repayable over 21 years from now.