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$88000 Private Loan In San Marcos California With Credit Score 354 For Ofelia

$88000 Private Loan – San Marcos California, Credit Score Of 354

  • Experian: 373 – They had a terrible Experian rating
  • Transunion: 338 – Ofelia had a terrible credit score with Transunion.
  • Equifax: Ofelia’s Experian score was 354, which is a terrible credit score using the Experian system.

Installment loan for Ofelia, a graduate of Dongguk University – Los Angeles and a physical education instructor working for over $60,000 per year

Ofelia, an alumnus at Dongguk University – Los Angeles and a physical education instructor in San Marcos, California wants a private loan to purchase a car. Ofelia has instead decided to obtain an installment loan for $21,000 and is currently seeking lenders like Citizens State Bank of Santa Paula to process their request.

When Ofelia was 23, they attempted to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Ofelia’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on May 7, 2009
  • Attempt 2) Loan for $20,000.00 on November 27, 2013
  • Attempt 3) Loan for $25,000.00 on February 29, 2012
  • Attempt 4) Loan for $21,000.00 on December 13, 2011

6 Months in the Past, Ofelia Attempted Finding a High Risk Loan for $32,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Ofelia. Ofelia chose not to get a high risk loan this time. High Risk loans are given to terrible credit applicants. Individuals with credit ratings as low as 488 can apply for a high risk loan and have a chance to be accepted.

Ofelia’s Overall FICO score at the time of acceptance for a private loan, taking into account their physical education instructor job and their future job as a clinical sociologist

Fico Score: 354

Ofelia has a disappointing current gross income, but has a high number of prospects

Ofelia has always wanted to be a clinical sociologist, but would need attend Dongguk University – Los Angeles again to achieve it. Ofelia has other possibilities as well, including veterinarian, casino surveillance officer, and congressional aide, which pay $55,000 through to $94,000 per year, at least. For this reason, we think that Ofelia can pay for this private loan of $88000.

Many past requests for credit have been made by Ofelia in the past, including one from Southeastern Savings Bank in San Marcos, California before Ofelia was approved for the $88000 by San Marcos National Bank

Ofelia made 6 previous attempts to obtain a private loan, 2 of which were with Southeastern Savings Bank, a lender in San Marcos, California known to specialize in private loans specifically. Prior to finding San Marcos National Bank, Ofelia was very concerned due to their inexperience and terrible credit score.

Signature Loan found in San Marcos, California for $88000 with terrible credit by Ofelia

Most prospective borrowers struggle with obtaining signature loans in San Marcos, California, and Ofelia is not an exception. Ofelia went to 7 lending institutions or more before finding San Marcos National Bank, who offered Ofelia a signature loan for $88000. Typical signature loans simply need a client, like Ofelia’s signature to get them, up to $44,000 in some cases. Ofelia was able to get $88000 as a private loan, which is very high for a private loan. Because signature loans do not require collateral, these loans tend to require higher credit, as high as 745

Fast Loans for Ofelia in San Marcos, California to prevent bankruptcy or broken legs from debt collectors.

Fast loans in San Marcos, California aren’t actually that difficult to obtain, especially if you have some gumption like Ofelia. Ofelia was able to find a fast loan for $88000 from The First National Bank of Holtville and The First National Bank of Orange County, but turned down both offers in favor of their private loan from San Marcos National Bank. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference in the case that a client is on the go.

Ofelia was not approved by Security Pacific National Bank 7 times before being accepted by San Marcos National Bank at 978 San Marcos Boulevard

On January 10, 2013, Ofelia applied about borrowing $42,000 from Beverly Hills National Bank with Loree, their friend from just outside San Marcos, and even with the co-signer, Ofelia was rejected for this private loan. With terrible credit, it can be difficult to procure funding, even with collateral and a co-signer.

Before applying for this private loan, Ofelia had an Experian score of 373, which is terrible, so San Marcos National Bank likely cannot provide Ofelia a private loan

Experian Score: 373

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

Normal debt consolidation loans vary from $30,000.00 to $46,000.00. They are mainly used to pay off existing high interest loans like credit cards. Ofelia required a debt consolidation loan to pay for their existing private loan and their credit card. Ofelia was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.4%.

Paraphrased and Standardized Quote from Ofelia for this private loan of $88000, provided by San Marcos National Bank

Hi, I am Ofelia and I’m from San Marcos in California. San Diego, county is where I grew up, and now I need a private loan in California for $88000 to avoid bankruptcy. It wasn’t easy, but San Marcos National Bank really came through for me with this loan for 11.5% interest APR and a term of 8 years. I can probably repay the loan over the 8 year term, including interest. A big thanks to San Marcos National Bank for giving me a chance and my terrible credit. It look me 8 years to create my credit to 354, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

Previous requests on Ofelia’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$114300.00 6 7.8% $1992.91 Santa Monica Bank May 13, 2009
$114130.00 6 10.3% $2131.66 Farmers and Merchants Bank of Long Beach February 27, 2010
$113860.00 3 8.1% $3573.21 First Interstate Bank of California November 19, 2011
$113590.00 7 5.2% $1616.17 Union Bank July 14, 2012

Ofelia’s Transunion score was changed by the private loan loan, changing to 338 from 354, which is normal in our experience.

Transunion Score: 338

Contact Details for San Marcos National Bank, the provider of this private loan

  • San Marcos National Bank
  • City: San Marcos
  • State: California
  • Address: 978 San Marcos Boulevard
  • County: San Diego
  • Zip code: 92069

Personal Loan for a physical education instructor named Ofelia in San Marcos, California to Pay Off AeroMexico Visa Secured Card

Ofelia had a lot of credit card debt on their Trustco Bank Hometown Secured Card and their American State Bank Visa Card, and they were starting to get in over their heads. Despite Ofelia’s job as a physical education instructor, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Ofelia Chunn of San Marcos, California
  • Full name (Changed if requested): Ofelia Chunn
  • Current Credit: loans.hit.utils.Fico@5a2e4553
  • Current City: San Marcos
  • State: California
  • Zip code: 92076
  • Yearly income: $62,000
  • Current Job: physical education instructor
  • Current County: San Diego
  • Goal Yearly Income: $97,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Conclusion of Ofelia’s private loan

In the end, Ofelia was able to find a private loan for $88000 with an interest rate of 7.1% interest APR from San Marcos National Bank in San Marcos, California repayable over 8 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.