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Terra Needed A Home Loan For $144000, Washington, District Of Columbia

$144000 Home Loan – Washington District Of Columbia, Credit Rating Of 587

  • Experian: 601 – This client had a fair Experian rating
  • Transunion: 571 – Terra had a fair credit rating with Transunion.
  • Equifax: Terra’s Experian score was 587, which is a fair credit score with the Experian rating scheme.

Signature Loan acquired in Washington, District Of Columbia for $144000 with fair credit by Terra

Many prospective borrowers have difficulty with obtaining signature loans in Washington, District Of Columbia, and Terra is not an exception. Terra went to 8 lenders or more prior to finding Community Federal Savings and Loan Association of Wash, who offered Terra a signature loan for $144000. Most signature loans simply need a client, like Terra’s signature to get them, up to $38,000 in some cases. Terra was able to get $144000 as a home loan, which is very high for a home loan. Since signature loans do not require collateral, they tend to require higher credit, as high as 767

Client Profile: Terra Relford of Washington, District Of Columbia
  • Full name (Changed if requested): Terra Relford
  • Current Credit: loans.hit.utils.Fico@14514713
  • Current City: Washington
  • State: District Of Columbia
  • Zip code: 20014
  • Yearly income: $47,000
  • Current Job: dentist
  • Current County: District Of Columbia
  • Goal Yearly Income: $136,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Terra has a disappointing current gross income, but has several of prospects

Terra has always wanted to be a soil conservationist, but would need attend Heald College – Central Administrative Office again to achieve it. Terra has other prospects as well, including physics professor, food technologist, and bank examiner, which pay $51,000 through to $104,000 per year, at least. For this reason, we believe that Terra can pay for this home loan of $144000.

Personal Loan for a dentist named Terra in Washington, District Of Columbia to Pay Off Riverview Community Bank Visa Signature Bonus Rewards PLUS Card

Terra had a lot of credit card debt on their Vision Platinum Visa Prepaid Card and their Merrill Lynch Merrill+ Visa, and they were starting to get in over their heads. Despite Terra’s job as a dentist, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Terra was declined by City National Bank of Washington 7 times before being granted funding by Community Federal Savings and Loan Association of Wash at 1901 K Street N W

On June 22, 2010, Terra applied about borrowing $44,000 from City National Bank of Washington with Shery, their friend from just outside Washington, and even with the co-signer, Terra was rejected for this home loan. With fair credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Terra’s Transunion score was altered by the home loan loan, changing to 571 from 587, which is normal in our experience.

Transunion Score: 571

Terra’s Overall FICO score at the time of acceptance for a home loan, taking into account their dentist job and their future career as a soil conservationist

Fico Score: 587

When Terra was 24, they attempted to obtain a student loan from 6 different banks, which harmed their credit score. Below is a chronology of Terra’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on May 7, 2010
  • Attempt 2) Loan for $30,000.00 on March 29, 2012
  • Attempt 3) Loan for $32,000.00 on October 29, 2010
  • Attempt 4) Loan for $27,000.00 on August 29, 2011
  • Attempt 5) Loan for $37,000.00 on February 13, 2012
  • Attempt 6) Loan for $37,000.00 on June 4, 2012

6 Months Ago, Terra Attempted Finding a High Risk Loan for $34,000.00, and it was Hard

There is an existing struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Terra. Terra chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Individuals with credit ratings as low as 451 can apply for a high risk loan and have a chance to be accepted.

Several previous requests for credit have been made by Terra in the past, including one from Rocky Mountain Bank & Trust Florence in Washington, District Of Columbia before Terra was approved for the $144000 by Community Federal Savings and Loan Association of Wash

Terra made 9 previous tries to obtain a home loan, 2 of which were with Rocky Mountain Bank & Trust Florence, a lending institution in Washington, District Of Columbia known to specialize in home loans specifically. Before finding Community Federal Savings and Loan Association of Wash, Terra was very concerned due to their inexperience and fair credit rating.

Previous requests on Terra’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$59790.00 8 8.2% $851.32 First American Bank, National Association July 8, 2011
$59860.00 10 8.4% $738.98 The National Bank of Washington April 29, 2013
$59540.00 6 5.8% $981.14 The National Capital Bank of Washington November 2, 2014
$59890.00 8 10.1% $911.95 Union Trust Company of the District of Columbia July 9, 2015

Fast Loans for Terra in Washington, District Of Columbia to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Washington, District Of Columbia aren’t actually that difficult to obtain, especially if you have some finesse like Terra. Terra was able to find a fast loan for $144000 from First Liberty National Bank and Century National Bank, but declined both offers in favor of their home loan from Community Federal Savings and Loan Association of Wash. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement if a client is in a time sensitive situation.

Installment loan for Terra, a graduate of Heald College – Central Administrative Office and a dentist working for over $76,000 per year

Terra, an alumnus at Heald College – Central Administrative Office and a dentist in Washington, District Of Columbia wants a home loan to purchase something frivolous. Terra has instead chosen to obtain an installment loan for $28,000 and is at present seeking lenders like Washington Bank, National Association to provide it.

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

Normal debt consolidation loans vary from $35,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Terra needed a debt consolidation loan to pay for their existing home loan and their credit card. Terra was able to find a home loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your dirty, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.7%.

Contact Details for Community Federal Savings and Loan Association of Wash, the provider of this home loan

  • Community Federal Savings and Loan Association of Wash
  • City: Washington
  • State: District Of Columbia
  • Address: 1901 K Street N W
  • County: District Of Columbia
  • Zip code: 20006

Paraphrased and Standardized Quote from Terra for this home loan of $144000, provided by Community Federal Savings and Loan Association of Wash

Hi, I am Terra and my hometown is Washington in District Of Columbia. District Of Columbia, county is where I grew up, and now I need a home loan in District Of Columbia for $144000 to avoid bankruptcy. It wasn’t easy, but Community Federal Savings and Loan Association of Wash really came through for me with this loan for 6.8% interest APR and a term of 3 years. I will repay the loan over the 3 year term, including interest. A big thanks to Community Federal Savings and Loan Association of Wash for giving me a chance and my fair credit. It look me 5 years to build my credit to 587, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

Before applying for this home loan, Terra had an Experian score of 601, which is fair, so Community Federal Savings and Loan Association of Wash probably cannot provide Terra a home loan

Experian Score: 601

Conclusion of Terra’s home loan

In the end, Terra was able to find a home loan for $144000 with an interest rate of 10.3% interest APR from Community Federal Savings and Loan Association of Wash in Washington, District Of Columbia repayable over 3 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.