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Fast Loan For $6000 Near 95404, California With A Credit Score Of 499

$6000 Fast Loan – Santa Rosa California, Credit Score Of 499

  • Experian: 518 – The client had a bad Experian rating
  • Transunion: 485 – Jacob had a bad credit score with Transunion.
  • Equifax: Jacob’s Experian score was 499, which is a bad credit rating using the Experian rating scheme.

Contact Details for North Coast Bank, National Association, the provider of this fast loan

  • North Coast Bank, National Association
  • City: Santa Rosa
  • State: California
  • Address: 50 Santa Rosa Avenue
  • County: Sonoma
  • Zip code: 95404

Several previous requests for credit have been made by Jacob in the past, including one from Maple Bank in Santa Rosa, California before Jacob was approved for the $6000 by North Coast Bank, National Association

Jacob made 4 previous attempts to obtain a fast loan, 2 of which were with Maple Bank, a bank in Santa Rosa, California known to specialize in fast loans specifically. Prior to finding North Coast Bank, National Association, Jacob was concerned due to their inexperience and bad credit score.

Jacob was declined by Bank of Sonoma County 7 times before being granted funding by North Coast Bank, National Association at 50 Santa Rosa Avenue

On August 6, 2010, Jacob inquired about borrowing $21,000 from Santa Ynez Valley Bank with Bob, their friend from just outside Santa Rosa, and even with the co-signer, Jacob was rejected for this fast loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Client Profile: Jacob Gotthard of Santa Rosa, California
  • Full name (Changed if requested): Jacob Gotthard
  • Current Credit: loans.hit.utils.Fico@619a5dff
  • Current City: Santa Rosa
  • State: California
  • Zip code: 95405
  • Yearly income: $68,000
  • Current Job: social worker
  • Current County: Sonoma
  • Goal Yearly Income: $100,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Installment loan for Jacob, a graduate of Uniformed Services University of the Health Sciences and a social worker working for over $78,000 per year

Jacob, an alumnus at Uniformed Services University of the Health Sciences and a social worker in Santa Rosa, California needs a fast loan to purchase a car. Jacob has instead chosen to obtain an installment loan for $23,000 and is at present seeking lenders like First Trust Bank to process their request.

Signature Loan acquired in Santa Rosa, California for $6000 with bad credit by Jacob

A lot of prospective borrowers struggle with obtaining signature loans in Santa Rosa, California, and Jacob is the same. Jacob went to 4 lending institutions or more before finding North Coast Bank, National Association, who offered Jacob a signature loan for $6000. Most signature loans simply need a client, like Jacob’s signature to get them, up to $35,000 in some cases. Jacob was able to get $6000 as a fast loan, which is very high for a fast loan. Because signature loans don’t require collateral, they generally need higher credit, as high as 792

Jacob’s Overall FICO score at the time of acceptance for a fast loan, taking into account their social worker job and their future job as a travel writer

Fico Score: 499

Personal Loan for a social worker named Jacob in Santa Rosa, California to Pay Off Gordmans Credit Card

Jacob had a tonne of credit card debt on their MetaBank Vision Silver Prepaid MasterCard and their Salmon Nation Visa, and they were starting to get in over their heads. Despite Jacob’s job as a social worker, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Jacob has a disappointing current total income, but has several of prospects

Jacob has always wanted to be a travel writer, but would have to attend Uniformed Services University of the Health Sciences again to become one. Jacob has other prospects as well, including zoo veterinarian, restaurant manager, and social work professor, which pay $52,000 through to $109,000 per year, at least. For this reason, we believe that Jacob can pay for this fast loan of $6000.

When Jacob was 20, they attempted to obtain a student loan from 7 different lenders, which harmed their credit score. Below is a list of Jacob’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on November 9, 2012
  • Attempt 2) Loan for $27,000.00 on July 18, 2012
  • Attempt 3) Loan for $35,000.00 on August 1, 2010
  • Attempt 4) Loan for $22,000.00 on December 6, 2012
  • Attempt 5) Loan for $33,000.00 on May 25, 2012
  • Attempt 6) Loan for $28,000.00 on August 1, 2010
  • Attempt 7) Loan for $36,000.00 on April 1, 2012

Before applying for this fast loan, Jacob had an Experian score of 518, which is bad, so North Coast Bank, National Association most likely cannot provide Jacob a fast loan

Experian Score: 518

Jacob’s Transunion score was altered by the fast loan loan, changing to 485 from 499, which is typical in our experience.

Transunion Score: 485

Fast Loans for Jacob 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 Jacob. Jacob was able to find a fast loan for $6000 from The Merchants National Bank of Sacramento and Community First National Bank, but turned down both offers in favor of their fast loan from North Coast Bank, National Association. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference if you are in a pinch.

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans range from $22,000.00 to $45,000.00. They are mainly used to pay off existing high interest loans like credit cards. Jacob required a debt consolidation loan to pay for their existing fast loan and their payday loan. Jacob was able to find a fast loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.6%.

Paraphrased and Standardized Quote from Jacob for this fast loan of $6000, provided by North Coast Bank, National Association

Hello, I am Jacob and my hometown is Santa Rosa in California. Sonoma, county is where I grew up, and now I need a fast loan in California for $6000 to avoid bankruptcy. It wasn’t easy, but North Coast Bank, National Association really came through for me with this loan for 11.2% interest APR and a term of 11 years. I will repay the loan over the 11 year term, including interest. A big thanks to North Coast Bank, National Association for giving me a chance and my bad credit. It look me 6 years to create my credit to 499, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

9 Months Ago, Jacob Tried Finding a High Risk Loan for $20,000.00, and it was Hard

There is an well known struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Jacob. Jacob chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Clients with credit ratings as low as 560 can apply for a high risk loan and have a chance to be accepted.

Previous requests on Jacob’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$133780.00 10 9.7% $1745.76 Santa Monica Bank August 3, 2011
$134300.00 11 6.3% $1412.92 Farmers and Merchants Bank of Long Beach August 19, 2011
$133800.00 8 5.4% $1719.49 First Interstate Bank of California June 11, 2014
$133630.00 11 5.3% $1338.13 Union Bank December 6, 2014
$133510.00 7 5.2% $1899.59 Citizens Commercial Trust and Savings Bank of Pasadena February 11, 2015

Conclusion of Jacob’s fast loan

In the end, Jacob was able to find a fast loan for $6000 with an interest rate of 6.0% interest APR from North Coast Bank, National Association in Santa Rosa, California repayable over 11 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.