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Tuan Had Need For A Debt Consolidation Loan For $164000, Los Angeles, California

$164000 Debt Consolidation Loan – Los Angeles California, Credit Score Of 462

  • Experian: 473 – This client had a bad Experian score
  • Transunion: 446 – Tuan had a bad credit score with Transunion.
  • Equifax: Tuan’s Experian score was 462, which is a bad credit rating with the Experian system.

Tuan has a very low current gross income, but has several of prospects

Tuan has always wanted to be a purchasing agent, but would need attend University of Oregon again to achieve it. Tuan has other possibilities as well, including architecture professor, landscape contractor, and interpreter for the hearing impaired, which pay $59,000 through to $102,000 per year, at least. Because of this, we believe that Tuan can pay for this debt consolidation loan of $164000.

Paraphrased and Standardized Quote from Tuan for this debt consolidation loan of $164000, provided by The Wilshire Bank, National Association

Hello, I am Tuan and I am from Los Angeles in California. Los Angeles, county is where I grew up, and now I need a debt consolidation loan in California for $164000 to pay bills. It wasn’t easy, but The Wilshire Bank, National Association really came through for me with this loan for 5.1% interest APR and a term of 2 years. I can repay the loan over the 2 year term, including interest. A big thanks to The Wilshire Bank, National Association for giving me a chance and my bad credit. It look me 4 years to create my credit to 462, and I won’t tarnish it any more. I am happy with Find Texas Loans for assisting me this far.

Tuan’s Transunion score was altered by the debt consolidation loan loan, changing to 446 from 462, which is typical in our experience.

Transunion Score: 446

Client Profile: Tuan Trainer of Los Angeles, California
  • Full name (Changed if requested): Tuan Trainer
  • Current Credit: loans.hit.utils.Fico@179d3b25
  • Current City: Los Angeles
  • State: California
  • Zip code: 90061
  • Yearly income: $60,000
  • Current Job: livestock commission agent
  • Current County: Los Angeles
  • Goal Yearly Income: $98,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Several previous requests for credit have been made by Tuan in the past, including one from Community Bank and Trust – Alabama in Los Angeles, California before Tuan was approved for the $164000 by The Wilshire Bank, National Association

Tuan made 8 previous tries to obtain a debt consolidation loan, 2 of which were with Community Bank and Trust – Alabama, a bank in Los Angeles, California known to specialize in debt consolidation loans specifically. Prior to finding The Wilshire Bank, National Association, Tuan was desperate due to their inexperience and bad credit rating.

Previous requests on Tuan’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$77270.00 11 5.3% $773.76 Santa Monica Bank May 5, 2010
$76660.00 10 11.3% $1069.05 Farmers and Merchants Bank of Long Beach April 24, 2012
$76620.00 6 8.5% $1362.18 First Interstate Bank of California August 11, 2013
$76890.00 4 5.1% $1774.21 Union Bank October 4, 2013
$77430.00 3 7.4% $2405.0 Citizens Commercial Trust and Savings Bank of Pasadena February 11, 2014

When Tuan was 24, they attempted to obtain a student loan from 5 different lenders, which damaged their credit score. Below is a chronology of Tuan’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on August 11, 2011
  • Attempt 2) Loan for $32,000.00 on April 5, 2009
  • Attempt 3) Loan for $34,000.00 on May 24, 2010
  • Attempt 4) Loan for $24,000.00 on June 20, 2009
  • Attempt 5) Loan for $39,000.00 on June 18, 2010

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

Fast loans in Los Angeles, California aren’t actually that difficult to obtain, particularly if you have some finesse like Tuan. Tuan was able to find a fast loan for $164000 from United States National Bank and Union Bank, but declined both offers in favor of their debt consolidation loan from The Wilshire Bank, National Association. 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 installment loans. A big improvement if a client is in a time sensitive situation.

8 Months in the Past, Tuan Attempted to Find a High Risk Loan for $25,000.00, and it was Easy

It is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Tuan. Tuan chose not to get a high risk loan this time. High Risk loans are given to very low credit borrowers. Individuals with credit ratings as low as 504 can apply for a high risk loan and have a chance to be accepted.

Tuan’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their livestock commission agent job and their future job as a purchasing agent

Fico Score: 462

Tuan was declined by San Diego Trust & Savings Bank 5 times prior to being approved by The Wilshire Bank, National Association at 4155 Wilshire Boulevard

On November 2, 2012, Tuan applied about borrowing $23,000 from Beverly Hills National Bank with Annita, their in law from just outside Los Angeles, and even with the co-signer, Tuan was rejected for this debt consolidation loan. With bad credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Personal Loan for a livestock commission agent named Tuan in Los Angeles, California to Pay Off Bank of America Cash Rewards for Business Visa Card

Tuan had a lot of credit card debt on their Lane Bryant Credit Card and their Mack Fuel and Service Credit Card, and they were starting to get in over their heads. Despite Tuan’s job as a livestock commission agent, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan found in Los Angeles, California for $164000 with bad credit by Tuan

Many clients struggle with obtaining signature loans in Los Angeles, California, and Tuan is not an exception. Tuan went to 4 lending institutions or more before finding The Wilshire Bank, National Association, who offered Tuan a signature loan for $164000. Most signature loans simply require a client, like Tuan’s signature to get them, up to $25,000 in some cases. Tuan was able to get $164000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans don’t require a cosigner, they tend to require higher credit, as high as 733

Installment loan for Tuan, a graduate of University of Oregon and a livestock commission agent working for over $62,000 per year

Tuan, an alumnus at University of Oregon and a livestock commission agent in Los Angeles, California wants a debt consolidation loan to purchase something frivolous. Tuan has instead decided to get an installment loan for $15,000 and is at present seeking lenders like National Bank of Agriculture to process their request.

Contact Details for The Wilshire Bank, National Association, the provider of this debt consolidation loan

  • The Wilshire Bank, National Association
  • City: Los Angeles
  • State: California
  • Address: 4155 Wilshire Boulevard
  • County: Los Angeles
  • Zip code: 90060

Before applying for this debt consolidation loan, Tuan had an Experian score of 473, which is bad, so The Wilshire Bank, National Association probably cannot provide Tuan a debt consolidation loan

Experian Score: 473

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $27,000.00 to $46,000.00. They are mainly used to pay off existing high interest loans like credit cards. Tuan required a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Tuan was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 4.8%.

Conclusion of Tuan’s debt consolidation loan

In the end, Tuan was able to find a debt consolidation loan for $164000 with an interest rate of 11.2% interest APR from The Wilshire Bank, National Association in Los Angeles, California repayable over 2 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.