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High Risk Loan Of $102000 For Excellent Credit Puerto Rico Resident

$102000 High Risk Loan – San Juan Puerto Rico, Credit Score Of 742

  • Experian: 754 – This client had an excellent Experian rating
  • Transunion: 730 – Cheri had an excellent credit rating with Transunion.
  • Equifax: Cheri’s Experian score was 742, which is an excellent credit score on the Experian system.

Signature Loan easily acquired in San Juan, Puerto Rico for $102000 with excellent credit by Cheri

Most borrowers have difficulty with finding signature loans in San Juan, Puerto Rico, and Cheri is no different. Cheri went to 7 lenders or more prior to finding Eurobank, who offered Cheri a signature loan for $102000. Typical signature loans simply need a client, like Cheri’s signature to get them, up to $20,000 in some cases. Cheri was able to get $102000 as a high risk loan, which is very high for a high risk loan. Because signature loans do not need a cosigner, they tend to need better credit, as high as 702

Installment loan for Cheri, a graduate of Douglas J Aveda Institute Chicago and a home health aide working for over $69,000 per year

Cheri, an alumnus at Douglas J Aveda Institute Chicago and a home health aide in San Juan, Puerto Rico needs a high risk loan to purchase a car. Cheri has instead chosen to get an installment loan for $21,000 and is at present seeking lenders like Banco Mercantil de Puerto Rico, Inc. to process their request.

6 Months in the Past, Cheri Attempted to Find a High Risk Loan for $36,000.00, and it was Easy

There is an ongoing struggle for clients to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Cheri. Cheri decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit individuals. Borrowers with credit ratings as low as 353 can apply for a high risk loan and may be be accepted.

Fast Loans for Cheri in San Juan, Puerto Rico to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in San Juan, Puerto Rico aren’t actually that difficult to obtain, especially if you have some finesse like Cheri. Cheri was able to find a fast loan for $102000 from Caguas Federal Savings and Loan Association of Puerto Rico and Banco Regional, but turned down both offers in favor of their high risk loan from Eurobank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement if a borrower is in a pinch.

Client Profile: Cheri Tokuoka of San Juan, Puerto Rico
  • Full name (Changed if requested): Cheri Tokuoka
  • Current Credit: loans.hit.utils.Fico@573fd745
  • Current City: San Juan
  • State: Puerto Rico
  • Zip code: 928
  • Yearly income: $60,000
  • Current Job: home health aide
  • Current County: San Juan
  • Goal Yearly Income: $125,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Multiple previous requests for credit have been made by Cheri in the past, including one from Cardunal Savings Bank, FSB in San Juan, Puerto Rico before Cheri was accepted for the $102000 by Eurobank

Cheri made 7 previous tries to obtain a high risk loan, 2 of which were with Cardunal Savings Bank, FSB, a lending institution in San Juan, Puerto Rico known to specialize in high risk loans specifically. Prior to finding Eurobank, Cheri was concerned due to their inexperience and excellent credit score.

Before applying for this high risk loan, Cheri had an Experian score of 754, which is excellent, so Eurobank probably cannot provide Cheri a high risk loan

Experian Score: 754

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

  • Attempt 1) Loan for $38,000.00 on October 20, 2012
  • Attempt 2) Loan for $22,000.00 on August 10, 2010
  • Attempt 3) Loan for $28,000.00 on August 22, 2010
  • Attempt 4) Loan for $24,000.00 on March 19, 2013
  • Attempt 5) Loan for $22,000.00 on January 13, 2009
  • Attempt 6) Loan for $20,000.00 on March 19, 2012
  • Attempt 7) Loan for $25,000.00 on August 19, 2010

Cheri was rejected by Banco Credito y Ahorro Ponceno 5 times prior to being granted funding by Eurobank at Quebrada Arena Road #1, Km 24.5

On April 9, 2014, Cheri inquired about borrowing $16,000 from Scotiabank de Puerto Rico with Nakita, their in law from just outside San Juan, and even with the co-signer, Cheri was rejected for this high risk loan. With excellent credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Personal Loan for a home health aide named Cheri in San Juan, Puerto Rico to Pay Off WSFS Bank Student Visa

Cheri had a lot of credit card debt on their Madison Scouts Visa Card and their AAA Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Cheri’s job as a home health aide, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $26,000.00 to $57,000.00. They are normally used to pay off existing high interest loans like credit cards. Cheri required a debt consolidation loan to pay for their existing high risk loan and their credit card. Cheri was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.0%.

Contact Details for Eurobank, the provider of this high risk loan

  • Eurobank
  • City: San Juan
  • State: Puerto Rico
  • Address: Quebrada Arena Road #1, Km 24.5
  • County: San Juan
  • Zip code: 926

Cheri’s Transunion score was changed by the high risk loan loan, changing to 730 from 742, which is normal in our experience.

Transunion Score: 730

Cheri’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their home health aide job and their future career as an aeronautical & aerospace engineer

Fico Score: 742

Previous requests on Cheri’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$121790.00 8 8.2% $1734.11 Roig Commercial Bank June 29, 2012
$122150.00 8 9.4% $1814.97 Banco Credito y Ahorro Ponceno September 24, 2012
$122270.00 7 7.5% $1875.41 Banco Popular de Puerto Rico October 27, 2014
$122460.00 5 11.5% $2693.21 Banco Popular de Puerto Rico March 30, 2015

Paraphrased and Standardized Quote from Cheri for this high risk loan of $102000, provided by Eurobank

Hello, I am Cheri and I am from San Juan in Puerto Rico. San Juan, county is where I grew up, and now I need a high risk loan in Puerto Rico for $102000 to renovate my home. It wasn’t easy, but Eurobank really came through for me with this loan for 6.0% interest APR and a term of 3 years. I will repay the loan over the 3 year term, including interest. A big thanks to Eurobank for giving me a chance and my excellent credit. It look me 4 years to create my credit to 742, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

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

Cheri has always wanted to be an aeronautical & aerospace engineer, but would need attend Douglas J Aveda Institute Chicago again to achieve it. Cheri has other possibilities as well, including structural engineer, office supervisor, and teacher of the blind, which pay $57,000 through to $94,000 per year, on average. Because of this, we think that Cheri can pay for this high risk loan of $102000.

Conclusion of Cheri’s high risk loan

In the end, Cheri was able to find a high risk loan for $102000 with an interest rate of 6.0% interest APR from Eurobank in San Juan, Puerto Rico repayable over 3 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.