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Low Rate Debt Consolidation Loan For Kristel In Santa Barbara, California

$28000 Debt Consolidation Loan – Santa Barbara California, Credit Score Of 653

  • Experian: 667 – The client had a good Experian score
  • Transunion: 640 – Kristel had a good credit rating with Transunion.
  • Equifax: Kristel’s Experian score was 653, which is a good credit rating on the Experian system.

8 Months in the Past, Kristel Tried Finding a High Risk Loan for $29,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Kristel. Kristel chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit applicants. Individuals with credit scores as low as 476 can apply for a high risk loan and possibly can be accepted.

Paraphrased and Standardized Quote from Kristel for this debt consolidation loan of $28000, provided by Santa Barbara Federal Savings and Loan Association

Hello, I am Kristel and my hometown is Santa Barbara in California. Santa Barbara, county is where I grew up, and now I need a debt consolidation loan in California for $28000 to pay bills. It wasn’t easy, but Santa Barbara Federal Savings and Loan Association really came through for me with this loan for 6.1% interest APR and a term of 2 years. I can probably repay the loan over the 2 year term, including interest. A big thanks to Santa Barbara Federal Savings and Loan Association for giving me a chance and my good credit. It look me 4 years to create my credit to 653, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.

Contact Details for Santa Barbara Federal Savings and Loan Association, the provider of this debt consolidation loan

  • Santa Barbara Federal Savings and Loan Association
  • City: Santa Barbara
  • State: California
  • Address: 900 Chapala Street
  • County: Santa Barbara
  • Zip code: 93101

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

Average debt consolidation loans vary from $38,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Kristel needed a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Kristel was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.4%.

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

Kristel has always wanted to be a plant manager, but would need attend University of Central Missouri again to become one. Kristel has other prospects as well, including recreation leader, construction manager, and zoologist, which pay $57,000 through to $99,000 per year, at least. Because of this, we think that Kristel can pay for this debt consolidation loan of $28000.

Signature Loan found in Santa Barbara, California for $28000 with good credit by Kristel

Most clients struggle with finding signature loans in Santa Barbara, California, and Kristel is no different. Kristel went to 7 lenders or more prior to settling on Santa Barbara Federal Savings and Loan Association, who offered Kristel a signature loan for $28000. Typical signature loans simply need a client, like Kristel’s signature to get them, up to $41,000 in some cases. Kristel was able to get $28000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans do not require collateral, they tend to require higher credit, as high as 770

Many other requests for credit have been made by Kristel in the past, including one from 1st Floyd Bank in Santa Barbara, California before Kristel was approved for the $28000 by Santa Barbara Federal Savings and Loan Association

Kristel made 4 previous attempts to obtain a debt consolidation loan, 2 of which were with 1st Floyd Bank, a lending institution in Santa Barbara, California known to specialize in debt consolidation loans specifically. Prior to finding Santa Barbara Federal Savings and Loan Association, Kristel was concerned due to their inexperience and good credit score.

Previous requests on Kristel’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$136460.00 3 5.4% $4114.38 Santa Monica Bank September 22, 2011
$135790.00 8 11.1% $2140.38 Farmers and Merchants Bank of Long Beach March 10, 2012
$136420.00 8 9.7% $2048.47 First Interstate Bank of California January 10, 2014
$135850.00 8 6.2% $1798.52 Union Bank September 13, 2014
$136220.00 8 6.5% $1823.47 Citizens Commercial Trust and Savings Bank of Pasadena October 17, 2014

Fast Loans for Kristel in Santa Barbara, California to prevent bankruptcy or harm from debt collectors.

Fast loans in Santa Barbara, California aren’t actually that difficult to obtain, particularly if you have some finesse like Kristel. Kristel was able to find a fast loan for $28000 from Citizens Commercial Trust and Savings Bank of Pasadena and First Trust Bank, but declined both offers in favor of their debt consolidation loan from Santa Barbara Federal Savings and Loan Association. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. Much better if you are in a pinch.

Client Profile: Kristel Marchan of Santa Barbara, California
  • Full name (Changed if requested): Kristel Marchan
  • Current Credit: loans.hit.utils.Fico@246b179d
  • Current City: Santa Barbara
  • State: California
  • Zip code: 93110
  • Yearly income: $42,000
  • Current Job: furniture designer
  • Current County: Santa Barbara
  • Goal Yearly Income: $129,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Before applying for this debt consolidation loan, Kristel had an Experian score of 667, which is good, so Santa Barbara Federal Savings and Loan Association most likely cannot provide Kristel a debt consolidation loan

Experian Score: 667

When Kristel was 19, they tried to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a chronology of Kristel’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on April 29, 2013
  • Attempt 2) Loan for $27,000.00 on April 7, 2012
  • Attempt 3) Loan for $24,000.00 on December 22, 2010
  • Attempt 4) Loan for $22,000.00 on August 14, 2009
  • Attempt 5) Loan for $36,000.00 on April 13, 2010
  • Attempt 6) Loan for $32,000.00 on October 13, 2013

Kristel was declined by Citizens State Bank of Santa Paula 7 times prior to being accepted by Santa Barbara Federal Savings and Loan Association at 900 Chapala Street

On December 8, 2011, Kristel applied about borrowing $27,000 from United States National Bank with Shannon, their in law from just outside Santa Barbara, and even with the co-signer, Kristel was rejected for this debt consolidation loan. With good credit, it can be difficult to procure funding, even with collateral and a co-signer.

Kristel’s Transunion score was altered by the debt consolidation loan loan, changing to 640 from 653, which is typical in our experience.

Transunion Score: 640

Personal Loan for a furniture designer named Kristel in Santa Barbara, California to Pay Off Stein Mart Platinum Rewards MasterCard

Kristel had a tonne of credit card debt on their RBC Visa Signature Black Plus Credit Card and their AeroMexico Secured Visa Card, and they were starting to get in over their heads. Despite Kristel’s job as a furniture designer, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Kristel’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their furniture designer job and their future career as a plant manager

Fico Score: 653

Installment loan for Kristel, a graduate of University of Central Missouri and a furniture designer working for over $65,000 per year

Kristel, an alumnus at University of Central Missouri and a furniture designer in Santa Barbara, California wants a debt consolidation loan to purchase a car. Kristel has instead decided to get an installment loan for $27,000 and is currently seeking lenders like United States National Bank to process their request.

Conclusion of Kristel’s debt consolidation loan

In the end, Kristel was able to find a debt consolidation loan for $28000 with an interest rate of 10.1% interest APR from Santa Barbara Federal Savings and Loan Association in Santa Barbara, 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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