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8 Month Secured Loan For Alec In Santa Rosa California

$108000 Secured Loan – Santa Rosa California, Credit Rating Of 704

  • Experian: 716 – This client had a good Experian rating
  • Transunion: 687 – Alec had a good credit score with Transunion.
  • Equifax: Alec’s Experian score was 704, which is a good credit score with the Experian rating scheme.

Alec’s Overall FICO score at the time of acceptance for a secured loan, taking into account their recreational therapist job and their future career as a quality control engineer

Fico Score: 704

Alec’s Transunion score was altered by the secured loan loan, changing to 687 from 704, which is typical in our experience.

Transunion Score: 687

Signature Loan easily acquired in Santa Rosa, California for $108000 with good credit by Alec

Most clients have difficulty with finding signature loans in Santa Rosa, California, and Alec is no different. Alec went to 8 lenders or more before settling on First Community Bank, who offered Alec a signature loan for $108000. Most signature loans simply require a client, like Alec’s signature to obtain them, up to $35,000 in some cases. Alec was able to get $108000 as a secured loan, which is very high for a secured loan. Because signature loans do not need collateral, they tend to need better credit, as high as 718

Installment loan for Alec, a graduate of Keuka College and a recreational therapist working for over $78,000 per year

Alec, an alumnus at Keuka College and a recreational therapist in Santa Rosa, California wants a secured loan to purchase a car. Alec has instead decided to obtain an installment loan for $1,000 and is currently seeking lenders like First Trust Bank to provide it.

7 Months Ago, Alec Attempted to Find a High Risk Loan for $23,000.00, and it was Easy

It is an ongoing struggle for borrowers to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Alec. Alec decided not to obtain a high risk loan this time. High Risk loans are given to terrible credit clients. Individuals with credit scores as low as 379 can apply for a high risk loan and possibly can be accepted.

Client Profile: Alec Zarlingo of Santa Rosa, California
  • Full name (Changed if requested): Alec Zarlingo
  • Current Credit: loans.hit.utils.Fico@4cc77c2e
  • Current City: Santa Rosa
  • State: California
  • Zip code: 95409
  • Yearly income: $31,000
  • Current Job: recreational therapist
  • Current County: Sonoma
  • Goal Yearly Income: $127,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Alec was declined by San Diego Trust & Savings Bank 5 times before being accepted by First Community Bank at 438 First Street

On October 30, 2010, Alec inquired about borrowing $5,000 from Central Bank with Jessi, their in law from just outside Santa Rosa, and even with the co-signer, Alec was rejected for this secured loan. With good credit, it can be challenging to procure funding, even with collateral and a co-signer.

When Alec was 24, they attempted to obtain a student loan from 7 different lenders, which damaged their credit score. Below is a list of Alec’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on November 4, 2008
  • Attempt 2) Loan for $32,000.00 on June 6, 2009
  • Attempt 3) Loan for $22,000.00 on October 25, 2013
  • Attempt 4) Loan for $26,000.00 on October 19, 2010
  • Attempt 5) Loan for $30,000.00 on September 5, 2012
  • Attempt 6) Loan for $27,000.00 on June 12, 2009
  • Attempt 7) Loan for $28,000.00 on February 23, 2010

Fast Loans for Alec in Santa Rosa, California to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Santa Rosa, California aren’t actually that difficult to obtain, particularly if you have some finesse like Alec. Alec was able to find a fast loan for $108000 from The First National Bank of Holtville and Farmers & Merchants Bank of Central California, but turned down both offers in favor of their secured loan from First Community Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big difference in the case that a client is in a pinch.

Personal Loan for a recreational therapist named Alec in Santa Rosa, California to Pay Off CoreFirst Bank & Trust Platinum Visa

Alec had a tonne of credit card debt on their Pancreatic Cancer Action Network Visa Card and their PayPal Extras Mastercard, and they were starting to get in over their heads. Despite Alec’s job as a recreational therapist, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Alec for this secured loan of $108000, provided by First Community Bank

Hi, I am Alec and I am from Santa Rosa in California. Sonoma, county is where I grew up, and now I need a secured loan in California for $108000 to buy a car. It has been difficult, but First Community Bank really came through for me with this loan for 7.1% interest APR and a term of 24 years. I will repay the loan over the 24 year term, including interest. A big thanks to First Community Bank for trusting me and my good credit. It look me 5 years to build my credit to 704, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.

Alec has a sad current yearly income, but has several of prospects

Alec has always wanted to be a quality control engineer, but would need attend Keuka College again to achieve it. Alec has other prospects as well, including mechanical engineer, credit reporter, and athletic trainer, which pay $50,000 through to $93,000 per year, at least. For this reason, we believe that Alec can afford this secured loan of $108000.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $32,000.00 to $47,000.00. They are typically used to pay off existing high interest loans like credit cards. Alec required a debt consolidation loan to pay for their existing secured loan and their credit card. Alec was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.6%.

Contact Details for First Community Bank, the provider of this secured loan

  • First Community Bank
  • City: Santa Rosa
  • State: California
  • Address: 438 First Street
  • County: Sonoma
  • Zip code: 95404

Before applying for this secured loan, Alec had an Experian score of 716, which is good, so First Community Bank likely cannot provide Alec a secured loan

Experian Score: 716

Previous requests on Alec’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$100870.00 4 11.8% $2646.4 Santa Monica Bank November 9, 2010
$101480.00 10 7.2% $1188.76 Farmers and Merchants Bank of Long Beach February 17, 2012
$100780.00 10 5.1% $1073.86 First Interstate Bank of California October 31, 2013
$101410.00 3 9.4% $3243.72 Union Bank June 20, 2014

Several previous requests for credit have been made by Alec in the past, including one from Altus Bank, A FSB in Santa Rosa, California before Alec was accepted for the $108000 by First Community Bank

Alec made 4 previous tries to obtain a secured loan, 2 of which were with Altus Bank, A FSB, a lender in Santa Rosa, California known to specialize in secured loans specifically. Prior to finding First Community Bank, Alec was very concerned due to their inexperience and good credit score.

Conclusion of Alec’s secured loan

In the end, Alec was able to find a secured loan for $108000 with an interest rate of 5.8% interest APR from First Community Bank in Santa Rosa, California repayable over 24 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.