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$54000 Mortgage With Bad Credit In Tucson Arizona

$54000 Mortgage – Tucson Arizona, Credit Score Of 476

  • Experian: 486 – They had a bad Experian rating
  • Transunion: 459 – Ginger had a bad credit score with Transunion.
  • Equifax: Ginger’s Experian score was 476, which is a bad credit score using the Experian scale.

Previous requests on Ginger’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$133620.00 9 10.3% $1902.97 Wells Fargo Bank of Arizona, National Association June 25, 2011
$133570.00 8 8.1% $1895.03 Citibank (Arizona) July 15, 2013
$133880.00 3 6.8% $4121.59 Southern Arizona Bank and Trust Company November 18, 2013
$134120.00 8 6.7% $1808.6 Bank One, Arizona, National Association February 13, 2015
$134260.00 6 5.2% $2174.73 Security Pacific Bank Arizona July 5, 2015

When Ginger was 24, they tried to obtain a student loan from 6 different banks, which damaged their credit score. Below is a chronology of Ginger’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on September 20, 2011
  • Attempt 2) Loan for $30,000.00 on August 2, 2009
  • Attempt 3) Loan for $36,000.00 on December 9, 2008
  • Attempt 4) Loan for $21,000.00 on November 18, 2011
  • Attempt 5) Loan for $26,000.00 on September 17, 2012
  • Attempt 6) Loan for $24,000.00 on November 2, 2010

Ginger’s Transunion score was altered by the mortgage loan, changing to 459 from 476, which is normal in our experience.

Transunion Score: 459

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $28,000.00 to $53,000.00. They are typically used to pay off existing high interest loans like credit cards. Ginger needed a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Ginger was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.1%.

Signature Loan acquired in Tucson, Arizona for $54000 with bad credit by Ginger

Most borrowers have difficulty with obtaining signature loans in Tucson, Arizona, and Ginger is no different. Ginger went to 7 lenders or more prior to finding Territorial Bank, who offered Ginger a signature loan for $54000. Typical signature loans simply need a client, like Ginger’s signature to obtain them, up to $21,000 in some cases. Ginger was able to get $54000 as a mortgage, which is very high for a mortgage. Because signature loans do not require a cosigner, these loans generally need higher credit, as high as 763

Client Profile: Ginger Torris of Tucson, Arizona
  • Full name (Changed if requested): Ginger Torris
  • Current Credit: loans.hit.utils.Fico@26a1ab54
  • Current City: Tucson
  • State: Arizona
  • Zip code: 85706
  • Yearly income: $53,000
  • Current Job: teacher of the blind
  • Current County: Pima
  • Goal Yearly Income: $111,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

7 Months Ago, Ginger Tried to Find a High Risk Loan for $49,000.00, and it was Easy

It is an existing struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Ginger. Ginger decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit clients. Individuals with credit scores as low as 413 can apply for a high risk loan and have a chance to be approved.

Before applying for this mortgage, Ginger had an Experian score of 486, which is bad, so Territorial Bank likely cannot provide Ginger a mortgage

Experian Score: 486

Paraphrased and Standardized Quote from Ginger for this mortgage of $54000, provided by Territorial Bank

Hi, I am Ginger and I am from Tucson in Arizona. Pima, county is where I grew up, and now I need a mortgage in Arizona for $54000 to buy a car. It has been difficult, but Territorial Bank really came through for me with this loan for 6.0% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to Territorial Bank for giving me a chance and my bad credit. It look me 4 years to create my credit to 476, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Many past requests for credit have been made by Ginger in the past, including one from Tri-State National Bank in Tucson, Arizona before Ginger was approved for the $54000 by Territorial Bank

Ginger made 8 previous attempts to obtain a mortgage, 2 of which were with Tri-State National Bank, a bank in Tucson, Arizona known to specialize in mortgages specifically. Prior to finding Territorial Bank, Ginger was concerned due to their inexperience and bad credit score.

Ginger’s Overall FICO score at the time of acceptance for a mortgage, taking into account their teacher of the blind job and their future career as a family practitioner

Fico Score: 476

Fast Loans for Ginger in Tucson, Arizona to prevent bankruptcy or harm from debt collectors.

Fast loans in Tucson, Arizona aren’t actually that difficult to obtain, particularly if you have some finesse like Ginger. Ginger was able to find a fast loan for $54000 from The Camel Bank, Incorporated and The Bank of Scottsdale, but turned down both offers in favor of their mortgage from Territorial Bank. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. Much better in the case that you are in a pinch.

Ginger has a very low current gross income, but has a large amount of prospects

Ginger has always wanted to be a family practitioner, but would have to attend University of Wyoming again to achieve it. Ginger has other possibilities as well, including industrial engineering technician, petroleum geologist, and commercial fisherman, which pay $53,000 through to $100,000 per year, on average. Because of this, we think that Ginger can pay for this mortgage of $54000.

Ginger was declined by Wells Fargo Bank Arizona, National Association 6 times prior to being accepted by Territorial Bank at 7355 North Oracle Road

On June 26, 2011, Ginger inquired about borrowing $18,000 from Meridian Bank, National Association with Boyd, their friend from just outside Tucson, and even with the co-signer, Ginger was rejected for this mortgage. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Installment loan for Ginger, a graduate of University of Wyoming and a teacher of the blind working for over $60,000 per year

Ginger, an alumnus at University of Wyoming and a teacher of the blind in Tucson, Arizona wants a mortgage to purchase something frivolous. Ginger has instead decided to get an installment loan for $15,000 and is currently seeking lenders like The Bank of Northern Arizona to process their request.

Contact Details for Territorial Bank, the provider of this mortgage

  • Territorial Bank
  • City: Tucson
  • State: Arizona
  • Address: 7355 North Oracle Road
  • County: Pima
  • Zip code: 85704

Personal Loan for a teacher of the blind named Ginger in Tucson, Arizona to Pay Off Nordstrom Mod Credit Card

Ginger had a tonne of credit card debt on their CoreFirst Bank & Trust Classic Visa and their BankAmericard Visa Card, and they were starting to get in over their heads. Despite Ginger’s job as a teacher of the blind, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Conclusion of Ginger’s mortgage

In the end, Ginger was able to find a mortgage for $54000 with an interest rate of 6.2% interest APR from Territorial Bank in Tucson, Arizona repayable over 22 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.