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Low Rate Signature Loan For Temple In Cedar City, Utah

$16000 Signature Loan – Cedar City Utah, Credit Rating Of 372

  • Experian: 383 – The client had a terrible Experian rating
  • Transunion: 357 – Temple had a terrible credit rating with Transunion.
  • Equifax: Temple’s Experian score was 372, which is a terrible credit rating on the Experian rating scheme.

Multiple past requests for credit have been made by Temple in the past, including one from First Atlantic Federal Savings and Loan Association in Cedar City, Utah before Temple was accepted for the $16000 by The American Bank of Commerce

Temple made 4 previous tries to obtain a signature loan, 2 of which were with First Atlantic Federal Savings and Loan Association, a lending institution in Cedar City, Utah known to specialize in signature loans specifically. Prior to finding The American Bank of Commerce, Temple was desperate due to their inexperience and terrible credit score.

Paraphrased and Standardized Quote from Temple for this signature loan of $16000, provided by The American Bank of Commerce

Hi, I am Temple and I’m from Cedar City in Utah. Iron, county is where I grew up, and now I need a signature loan in Utah for $16000 to buy a big ticket item. It has been difficult, but The American Bank of Commerce really came through for me with this loan for 7.0% interest APR and a term of 4 years. I can probably repay the loan over the 4 year term, including interest. A big thanks to The American Bank of Commerce for trusting me and my terrible credit. It look me 4 years to create my credit to 372, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Client Profile: Temple Harry of Cedar City, Utah
  • Full name (Changed if requested): Temple Harry
  • Current Credit: loans.hit.utils.Fico@73a8dfcc
  • Current City: Cedar City
  • State: Utah
  • Zip code: 84722
  • Yearly income: $41,000
  • Current Job: anti-terrorism intelligence agent
  • Current County: Iron
  • Goal Yearly Income: $115,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Installment loan for Temple, a graduate of Quincy College and an anti-terrorism intelligence agent working for over $64,000 per year

Temple, an alumnus at Quincy College and an anti-terrorism intelligence agent in Cedar City, Utah needs a signature loan to purchase a house. Temple has instead decided to get an installment loan for $20,000 and is currently seeking lenders like Community First Bank to provide it.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $30,000.00 to $49,000.00. They are normally used to pay off existing high interest loans like credit cards. Temple needed a debt consolidation loan to pay for their existing signature loan and their payday loan. Temple was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.5%.

Temple’s Transunion score was changed by the signature loan loan, changing to 357 from 372, which is normal in our experience.

Transunion Score: 357

Personal Loan for an anti-terrorism intelligence agent named Temple in Cedar City, Utah to Pay Off Comerica Bank Visa Signature Card

Temple had a tonne of credit card debt on their CFCU Business Visa and their American Savings Bank Platinum Edition Visa Card, and they were starting to get in over their heads. Despite Temple’s job as an anti-terrorism intelligence agent, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan found in Cedar City, Utah for $16000 with terrible credit by Temple

Most prospective borrowers have difficulty with finding signature loans in Cedar City, Utah, and Temple is no different. Temple went to 5 lenders or more before settling on The American Bank of Commerce, who offered Temple a signature loan for $16000. Typical signature loans simply require a client, like Temple’s signature to get them, up to $31,000 in some cases. Temple was able to get $16000 as a signature loan, which is very high for a signature loan. Because signature loans do not require collateral, they tend to need improved credit, as high as 754

Contact Details for The American Bank of Commerce, the provider of this signature loan

  • The American Bank of Commerce
  • City: Cedar City
  • State: Utah
  • Address: 466 South Main
  • County: Iron
  • Zip code: 84720

Fast Loans for Temple in Cedar City, Utah to prevent bankruptcy or harm from debt collectors.

Fast loans in Cedar City, Utah aren’t actually that difficult to obtain, especially if you have some finesse like Temple. Temple was able to find a fast loan for $16000 from The Helper State Bank and Gunnison Valley Bank, but declined both offers in favor of their signature loan from The American Bank of Commerce. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement in the case that you are on the go.

Previous requests on Temple’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$109620.00 5 9.1% $2280.85 Bank of Ephraim May 31, 2012
$109730.00 3 8.4% $3458.82 Gunnison Valley Bank March 19, 2014
$109900.00 4 8.6% $2714.04 The Helper State Bank April 10, 2014
$109560.00 9 11.4% $1626.73 Barnes Banking Company May 7, 2015
$110400.00 9 9.3% $1512.75 KeyBank National Association May 30, 2015

9 Months Ago, Temple Tried to Find a High Risk Loan for $32,000.00, and it was Hard

There is an ongoing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Temple. Temple 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. Clients with credit scores as low as 546 can inquire for a high risk loan and may be be approved.

Temple’s Overall FICO score at the time of acceptance for a signature loan, taking into account their anti-terrorism intelligence agent job and their future job as a clergy member

Fico Score: 372

Before applying for this signature loan, Temple had an Experian score of 383, which is terrible, so The American Bank of Commerce most likely cannot provide Temple a signature loan

Experian Score: 383

Temple was not approved by Milford State Bank 6 times prior to being granted funding by The American Bank of Commerce at 466 South Main

On July 11, 2011, Temple applied about borrowing $12,000 from The First National Bank of Morgan with Jenna, their in law from just outside Cedar City, and even with the co-signer, Temple was rejected for this signature loan. With terrible credit, it can be very hard to procure financing, even with collateral and a co-signer.

When Temple was 18, they attempted to obtain a student loan from 5 different lenders, which damaged their credit score. Below is a list of Temple’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on March 31, 2011
  • Attempt 2) Loan for $25,000.00 on November 20, 2010
  • Attempt 3) Loan for $29,000.00 on October 31, 2009
  • Attempt 4) Loan for $30,000.00 on April 18, 2012
  • Attempt 5) Loan for $24,000.00 on September 18, 2013

Temple has a disappointing current yearly income, but has a large amount of prospects

Temple has always wanted to be a clergy member, but would have to attend Quincy College again to achieve it. Temple has other prospects as well, including motion picture director, ship mate, and accounting specialist, which pay $56,000 through to $106,000 per year, at least. For this reason, we think that Temple can afford this signature loan of $16000.

Conclusion of Temple’s signature loan

In the end, Temple was able to find a signature loan for $16000 with an interest rate of 5.6% interest APR from The American Bank of Commerce in Cedar City, Utah repayable over 4 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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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.