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$140000 Personal Loan With Excellent Credit In Rosemead California

$140000 Personal Loan – Rosemead California, Credit Rating Of 743

  • Experian: 753 – The client had an excellent Experian rating
  • Transunion: 731 – Val had an excellent credit score with Transunion.
  • Equifax: Val’s Experian score was 743, which is an excellent credit score with the Experian system.

Installment loan for Val, a graduate of Capital University and a job analyst working for over $61,000 per year

Val, an alumnus at Capital University and a job analyst in Rosemead, California wants a personal loan to purchase something frivolous. Val has instead chosen to get an installment loan for $23,000 and is at present seeking lenders like Santa Monica Bank to process their request.

Paraphrased and Standardized Quote from Val for this personal loan of $140000, provided by First Continental Bank

Hi, I am Val and I am from Rosemead in California. Los Angeles, county is where I grew up, and now I need a personal loan in California for $140000 to buy a car. It wasn’t easy, but First Continental Bank really came through for me with this loan for 8.7% interest APR and a term of 8 years. I can probably repay the loan over the 8 year term, including interest. A big thanks to First Continental Bank for trusting me and my excellent credit. It look me 6 years to build my credit to 743, and I won’t tarnish it any more. I am pleased with Find Texas Loans for helping me this far.

8 Months Ago, Val Tried Finding a High Risk Loan for $36,000.00, and it was Easy

There is an existing struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Val. Val chose not to obtain a high risk loan this time. High Risk loans are given to very low credit applicants. Clients with credit ratings as low as 477 can inquire for a high risk loan and possibly can be approved.

Contact Details for First Continental Bank, the provider of this personal loan

  • First Continental Bank
  • City: Rosemead
  • State: California
  • Address: 8632 East Valley Boulevard
  • County: Los Angeles
  • Zip code: 91770

When Val was 21, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit score. Below is a chronology of Val’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on September 18, 2009
  • Attempt 2) Loan for $30,000.00 on June 3, 2013
  • Attempt 3) Loan for $38,000.00 on January 31, 2013
  • Attempt 4) Loan for $28,000.00 on July 10, 2011
  • Attempt 5) Loan for $30,000.00 on August 18, 2011
  • Attempt 6) Loan for $37,000.00 on January 23, 2011

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

Fast loans in Rosemead, California aren’t actually that difficult to obtain, particularly if you have some finesse like Val. Val was able to find a fast loan for $140000 from Pacific Western Bank and Capital Bank, but declined both offers in favor of their personal loan from First Continental Bank. 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 7 weeks for installment loans. Much better in the case that a client is in a time sensitive situation.

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

Normal debt consolidation loans vary from $28,000.00 to $43,000.00. They are normally used to pay off existing high interest loans like credit cards. Val required a debt consolidation loan to pay for their existing personal loan and their credit card. Val was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 3.2%.

Signature Loan easily acquired in Rosemead, California for $140000 with excellent credit by Val

Many prospective borrowers have difficulty with obtaining signature loans in Rosemead, California, and Val is not an exception. Val went to 4 lenders or more prior to settling on First Continental Bank, who offered Val a signature loan for $140000. Typical signature loans simply need a client, like Val’s signature to obtain them, up to $42,000 in some cases. Val was able to get $140000 as a personal loan, which is very high for a personal loan. Since signature loans do not need collateral, they generally need better credit, as high as 722

Personal Loan for a job analyst named Val in Rosemead, California to Pay Off US Bank Business Edge Platinum Card

Val had a tonne of credit card debt on their Facecard Prepaid MasterCard and their CFCU Classic Visa, and they were starting to get in over their heads. Despite Val’s job as a job analyst, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this personal loan, Val had an Experian score of 753, which is excellent, so First Continental Bank most likely cannot provide Val a personal loan

Experian Score: 753

Val was declined by Citizens Commercial Trust and Savings Bank of Pasadena 4 times before being accepted by First Continental Bank at 8632 East Valley Boulevard

On November 15, 2010, Val inquired about borrowing $33,000 from Union Bank with Heidi, their in law from just outside Rosemead, and even with the co-signer, Val was rejected for this personal loan. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.

Val’s Overall FICO score at the time of acceptance for a personal loan, taking into account their job analyst job and their future career as a loan officer

Fico Score: 743

Client Profile: Val Sessom of Rosemead, California
  • Full name (Changed if requested): Val Sessom
  • Current Credit: loans.hit.utils.Fico@506e1b77
  • Current City: Rosemead
  • State: California
  • Zip code: 91774
  • Yearly income: $46,000
  • Current Job: job analyst
  • Current County: Los Angeles
  • Goal Yearly Income: $107,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Previous requests on Val’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$46770.00 4 5.8% $1094.11 Santa Monica Bank December 22, 2011
$47310.00 9 6.4% $577.4 Farmers and Merchants Bank of Long Beach June 24, 2012
$46900.00 3 8.1% $1471.84 First Interstate Bank of California June 3, 2013
$46900.00 8 5.5% $604.98 Union Bank June 27, 2013
$47430.00 5 7.3% $945.9 Citizens Commercial Trust and Savings Bank of Pasadena December 28, 2013

Multiple previous requests for credit have been made by Val in the past, including one from Northside Bank in Rosemead, California before Val was approved for the $140000 by First Continental Bank

Val made 8 previous tries to obtain a personal loan, 2 of which were with Northside Bank, a lender in Rosemead, California known to specialize in personal loans specifically. Prior to finding First Continental Bank, Val was desperate due to their inexperience and excellent credit score.

Val has a sad current total income, but has a high number of prospects

Val has always wanted to be a loan officer, but would have to attend Capital University again to achieve it. Val has other possibilities as well, including conservation scientist, real estate appraiser, and tour guide, which pay $56,000 through to $106,000 per year, at least. Because of this, we believe that Val can pay for this personal loan of $140000.

Val’s Transunion score was altered by the personal loan loan, changing to 731 from 743, which is typical in our experience.

Transunion Score: 731

Conclusion of Val’s personal loan

In the end, Val was able to find a personal loan for $140000 with an interest rate of 11.7% interest APR from First Continental Bank in Rosemead, California repayable over 8 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.