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Ernest Had Need For A Mortgage For $2000, Bakersfield, California

$2000 Mortgage – Bakersfield California, Credit Rating Of 727

  • Experian: 737 – This individual had an excellent Experian rating
  • Transunion: 713 – Ernest had an excellent credit score with Transunion.
  • Equifax: Ernest’s Experian score was 727, which is an excellent credit score on the Experian scale.

Multiple previous requests for credit have been made by Ernest in the past, including one from Continental Bank in Bakersfield, California before Ernest was approved for the $2000 by Paramount Bank, F.S.B.

Ernest made 9 previous tries to obtain a mortgage, 2 of which were with Continental Bank, a bank in Bakersfield, California known to specialize in mortgages specifically. Prior to finding Paramount Bank, F.S.B., Ernest was desperate due to their inexperience and excellent credit score.

Fast Loans for Ernest in Bakersfield, California to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Bakersfield, California aren’t actually that difficult to obtain, particularly if you have some gumption like Ernest. Ernest was able to find a fast loan for $2000 from Santa Monica Bank and Community First National Bank, but declined both offers in favor of their mortgage from Paramount Bank, F.S.B.. 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. An improvement in the case that you are in a pinch.

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans vary from $21,000.00 to $44,000.00. They are mainly used to pay off existing high interest loans like credit cards. Ernest required a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Ernest was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.8%.

Ernest was declined by The Merchants National Bank of Sacramento 7 times before being accepted by Paramount Bank, F.S.B. at 8200 Stockdale Highway

On July 16, 2011, Ernest inquired about borrowing $9,000 from Farmers and Merchants Bank of Long Beach with Cinderella, their friend from just outside Bakersfield, and even with the co-signer, Ernest was rejected for this mortgage. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.

Contact Details for Paramount Bank, F.S.B., the provider of this mortgage

  • Paramount Bank, F.S.B.
  • City: Bakersfield
  • State: California
  • Address: 8200 Stockdale Highway
  • County: Kern
  • Zip code: 93317

Personal Loan for a reliability engineer named Ernest in Bakersfield, California to Pay Off The Limited Credit Card

Ernest had a lot of credit card debt on their Citi Chairman American Express Card and their Exchange National Bank & Trust Credit Cards Exclusive Connection$ Rewards Visa Credit Card, and they were starting to get in over their heads. Despite Ernest’s job as a reliability engineer, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

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

Ernest has always wanted to be an exhibit designer, but would need attend San Francisco State University again to achieve it. Ernest has other prospects as well, including insurance policy processing clerk, sales floor stock clerk, and public relations specialist, which pay $56,000 through to $96,000 per year, at least. For this reason, we think that Ernest can afford this mortgage of $2000.

Client Profile: Ernest Schlipp of Bakersfield, California
  • Full name (Changed if requested): Ernest Schlipp
  • Current Credit: loans.hit.utils.Fico@1ddc4ec2
  • Current City: Bakersfield
  • State: California
  • Zip code: 93320
  • Yearly income: $35,000
  • Current Job: reliability engineer
  • Current County: Kern
  • Goal Yearly Income: $108,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Previous requests on Ernest’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$22740.00 7 8.7% $362.41 Santa Monica Bank July 1, 2011
$23340.00 6 9.1% $421.88 Farmers and Merchants Bank of Long Beach August 6, 2011
$23150.00 5 5.1% $437.93 First Interstate Bank of California August 15, 2013
$22530.00 3 11.6% $744.02 Union Bank May 18, 2014

Ernest’s Transunion score was altered by the mortgage loan, changing to 713 from 727, which is normal in our experience.

Transunion Score: 713

Installment loan for Ernest, a graduate of San Francisco State University and a reliability engineer working for over $76,000 per year

Ernest, an alumnus at San Francisco State University and a reliability engineer in Bakersfield, California wants a mortgage to purchase a new cell phone. Ernest has instead chosen to obtain an installment loan for $5,000 and is at present seeking lenders like First Interstate Bank of California to provide it.

9 Months in the Past, Ernest Tried to Find a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for clients 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 frightening to borrowers like Ernest. Ernest decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Individuals with credit scores as low as 375 can inquire for a high risk loan and have a chance to be approved.

Before applying for this mortgage, Ernest had an Experian score of 737, which is excellent, so Paramount Bank, F.S.B. likely cannot provide Ernest a mortgage

Experian Score: 737

Paraphrased and Standardized Quote from Ernest for this mortgage of $2000, provided by Paramount Bank, F.S.B.

Hi, I am Ernest and I am from Bakersfield in California. Kern, county is where I grew up, and now I need a mortgage in California for $2000 to buy a car. It wasn’t easy, but Paramount Bank, F.S.B. really came through for me with this loan for 9.0% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to Paramount Bank, F.S.B. for trusting me and my excellent credit. It look me 6 years to create my credit to 727, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.

Signature Loan easily acquired in Bakersfield, California for $2000 with excellent credit by Ernest

Most clients have difficulty with finding signature loans in Bakersfield, California, and Ernest is not an exception. Ernest went to 7 lending institutions or more prior to finding Paramount Bank, F.S.B., who offered Ernest a signature loan for $2000. Most signature loans simply require a client, like Ernest’s signature to get them, up to $22,000 in some cases. Ernest was able to get $2000 as a mortgage, which is very high for a mortgage. Because signature loans do not need collateral, they generally need better credit, as high as 710

Ernest’s Overall FICO score at the time of acceptance for a mortgage, taking into account their reliability engineer job and their future career as an exhibit designer

Fico Score: 727

When Ernest was 23, they attempted to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a chronology of Ernest’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on December 20, 2011
  • Attempt 2) Loan for $26,000.00 on December 8, 2013
  • Attempt 3) Loan for $28,000.00 on June 20, 2011
  • Attempt 4) Loan for $28,000.00 on November 5, 2013
  • Attempt 5) Loan for $23,000.00 on March 13, 2013
  • Attempt 6) Loan for $24,000.00 on September 15, 2012

Conclusion of Ernest’s mortgage

In the end, Ernest was able to find a mortgage for $2000 with an interest rate of 6.2% interest APR from Paramount Bank, F.S.B. in Bakersfield, California repayable over 15 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.