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8 Year Unsecured Loan For Otto In San Francisco California

$2000 Unsecured Loan – San Francisco California, Credit Score Of 731

  • Experian: 749 – This individual had an excellent Experian score
  • Transunion: 716 – Otto had an excellent credit score with Transunion.
  • Equifax: Otto’s Experian score was 731, which is an excellent credit score on the Experian scale.

Contact Details for Financial Savings and Loan Association of San Francisco, the provider of this unsecured loan

  • Financial Savings and Loan Association of San Francisco
  • City: San Francisco
  • State: California
  • Address: 590 Market Street
  • County: San Francisco
  • Zip code: 94104

Otto was not approved by Santa Ynez Valley Bank 5 times prior to being granted funding by Financial Savings and Loan Association of San Francisco at 590 Market Street

On August 17, 2011, Otto inquired about borrowing $26,000 from Bank of Sonoma County with Sharee, their friend from just outside San Francisco, and even with the co-signer, Otto was rejected for this unsecured loan. With excellent credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Personal Loan for a desktop publishing specialist named Otto in San Francisco, California to Pay Off Atlantic Stewardship Bank Visa Business Card

Otto had a lot of credit card debt on their The Lincoln Highway Association Visa Card and their University of Pennsylvania, and they were starting to get in over their heads. Despite Otto’s job as a desktop publishing specialist, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $27,000.00 to $54,000.00. They are typically used to pay off existing high interest loans like credit cards. Otto needed a debt consolidation loan to pay for their existing unsecured loan and their payday loan. Otto was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your less desirable, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.7%.

When Otto was 22, they tried to obtain a student loan from 5 alternate banks, which damaged their credit score. Below is a list of Otto’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on November 13, 2010
  • Attempt 2) Loan for $25,000.00 on September 4, 2010
  • Attempt 3) Loan for $38,000.00 on February 17, 2010
  • Attempt 4) Loan for $30,000.00 on August 7, 2009
  • Attempt 5) Loan for $29,000.00 on May 25, 2013

Otto’s Transunion score was changed by the unsecured loan loan, changing to 716 from 731, which is normal in our experience.

Transunion Score: 716

Installment loan for Otto, a graduate of University of Wisconsin Colleges and a desktop publishing specialist working for over $67,000 per year

Otto, an alumnus at University of Wisconsin Colleges and a desktop publishing specialist in San Francisco, California wants an unsecured loan to purchase a house. Otto has instead decided to get an installment loan for $22,000 and is currently seeking lenders like Capital Bank to process their request.

Multiple past requests for credit have been made by Otto in the past, including one from Charter Bank in San Francisco, California before Otto was approved for the $2000 by Financial Savings and Loan Association of San Francisco

Otto made 5 prior attempts to obtain an unsecured loan, 2 of which were with Charter Bank, a bank in San Francisco, California known to specialize in unsecured loans specifically. Before finding Financial Savings and Loan Association of San Francisco, Otto was very concerned due to their inexperience and excellent credit score.

6 Months Ago, Otto Attempted to Find a High Risk Loan for $45,000.00, and it was Easy

It is an ongoing struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Otto. Otto chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Borrowers with credit scores as low as 573 can inquire for a high risk loan and have a chance to be accepted.

Client Profile: Otto Amie of San Francisco, California
  • Full name (Changed if requested): Otto Amie
  • Current Credit: loans.hit.utils.Fico@67117f44
  • Current City: San Francisco
  • State: California
  • Zip code: 94106
  • Yearly income: $30,000
  • Current Job: desktop publishing specialist
  • Current County: San Francisco
  • Goal Yearly Income: $125,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Paraphrased and Standardized Quote from Otto for this unsecured loan of $2000, provided by Financial Savings and Loan Association of San Francisco

Hi, I am Otto and I am from San Francisco in California. San Francisco, county is where I grew up, and now I need a unsecured loan in California for $2000 to pay bills. It has been difficult, but Financial Savings and Loan Association of San Francisco really came through for me with this loan for 11.6% interest APR and a term of 19 years. I will repay the loan over the 19 year term, including interest. A big thanks to Financial Savings and Loan Association of San Francisco for giving me a chance and my excellent credit. It look me 6 years to create my credit to 731, and I won’t tarnish it any more. I am pleased with Find Texas Loans for helping me this far.

Previous requests on Otto’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$75890.00 7 11.5% $1319.46 Santa Monica Bank November 5, 2011
$75890.00 11 7.1% $829.98 Farmers and Merchants Bank of Long Beach August 11, 2012
$75650.00 11 10.4% $964.33 First Interstate Bank of California April 19, 2014
$76370.00 4 7.7% $1853.68 Union Bank December 27, 2014
$75520.00 9 10.4% $1079.65 Citizens Commercial Trust and Savings Bank of Pasadena April 30, 2015

Otto has a low current yearly income, but has a high number of prospects

Otto has always wanted to be a delivery driver, but would need attend University of Wisconsin Colleges again to achieve it. Otto has other possibilities as well, including mining machine operator, veterinary assistant, and clinical sociologist, which pay $51,000 through to $97,000 per year, on average. Because of this, we think that Otto can pay for this unsecured loan of $2000.

Before applying for this unsecured loan, Otto had an Experian score of 749, which is excellent, so Financial Savings and Loan Association of San Francisco likely cannot provide Otto an unsecured loan

Experian Score: 749

Signature Loan acquired in San Francisco, California for $2000 with excellent credit by Otto

Most clients have difficulty with obtaining signature loans in San Francisco, California, and Otto is not an exception. Otto went to 5 lenders or more prior to settling on Financial Savings and Loan Association of San Francisco, who offered Otto a signature loan for $2000. Typical signature loans simply need a client, like Otto’s signature to get them, up to $25,000 in some cases. Otto was able to get $2000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans do not need collateral, they generally require higher credit, as high as 757

Otto’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their desktop publishing specialist job and their future career as a delivery driver

Fico Score: 731

Fast Loans for Otto in San Francisco, California to prevent bankruptcy or broken legs from debt collectors.

Fast loans in San Francisco, California aren’t actually that difficult to obtain, especially if you have some gumption like Otto. Otto was able to find a fast loan for $2000 from Mechanics Bank and First Northern Bank of Dixon, but turned down both offers in favor of their unsecured loan from Financial Savings and Loan Association of San Francisco. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big difference if a client is in a pinch.

Conclusion of Otto’s unsecured loan

In the end, Otto was able to find an unsecured loan for $2000 with an interest rate of 5.5% interest APR from Financial Savings and Loan Association of San Francisco in San Francisco, California repayable over 19 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.