$168000 Mortgage – Pleasant Hill California, Credit Rating Of 407
- Experian: 422 – They had a bad Experian rating
- Transunion: 388 – Salvatore had a bad credit rating with Transunion.
- Equifax: Salvatore’s Experian score was 407, which is a bad credit rating using the Experian scale.
Salvatore’s Overall FICO score at the time of acceptance for a mortgage, taking into account their music teacher job and their future job as a mining machine operator
Salvatore was declined by Pacific Western Bank 4 times before being approved by First Security Savings Bank at 622 Contra Costa Blvd
On December 14, 2013, Salvatore applied about borrowing $12,000 from Bank of Stockton with Taisha, their friend from just outside Pleasant Hill, and even with the co-signer, Salvatore was rejected for this mortgage. With bad credit, it can be difficult to obtain funding, even with collateral and a co-signer.
- Full name (Changed if requested): Salvatore Standafer
- Current Credit: loans.hit.utils.Fico@2cdf8d8a
- Current City: Pleasant Hill
- State: California
- Zip code: 94524
- Yearly income: $51,000
- Current Job: music teacher
- Current County: Contra Costa
- Goal Yearly Income: $119,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000
Paraphrased and Standardized Quote from Salvatore for this mortgage of $168000, provided by First Security Savings Bank
Hi, I am Salvatore and I’m from Pleasant Hill in California. Contra Costa, county is where I grew up, and now I need a mortgage in California for $168000 to pay bills. It has been difficult, but First Security Savings Bank really came through for me with this loan for 7.7% interest APR and a term of 2 years. I will repay the loan over the 2 year term, including interest. A big thanks to First Security Savings Bank for giving me a chance and my bad credit. It look me 4 years to create my credit to 407, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.
Before applying for this mortgage, Salvatore had an Experian score of 422, which is bad, so First Security Savings Bank probably cannot provide Salvatore a mortgage
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans range from $32,000.00 to $57,000.00. They are mainly used to pay off existing high interest loans like credit cards. Salvatore required a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Salvatore was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 3.6%.
Signature Loan found in Pleasant Hill, California for $168000 with bad credit by Salvatore
A lot of prospective borrowers have difficulty with obtaining signature loans in Pleasant Hill, California, and Salvatore is not an exception. Salvatore went to 8 lenders or more prior to finding First Security Savings Bank, who offered Salvatore a signature loan for $168000. Most signature loans simply require a client, like Salvatore’s signature to get them, up to $38,000 in some cases. Salvatore was able to get $168000 as a mortgage, which is very high for a mortgage. Since signature loans do not need a cosigner, they generally require higher credit, as high as 738
6 Months in the Past, Salvatore Tried to Find a High Risk Loan for $41,000.00, and it was Easy
There is an ongoing struggle for clients to find 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 frightening to borrowers like Salvatore. Salvatore decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Borrowers with credit scores as low as 565 can inquire for a high risk loan and have a chance to be approved.
Contact Details for First Security Savings Bank, the provider of this mortgage
- First Security Savings Bank
- City: Pleasant Hill
- State: California
- Address: 622 Contra Costa Blvd
- County: Contra Costa
- Zip code: 94523
Fast Loans for Salvatore in Pleasant Hill, California to prevent bankruptcy or harm from debt collectors.
Fast loans in Pleasant Hill, California aren’t actually that difficult to obtain, especially if you have some finesse like Salvatore. Salvatore was able to find a fast loan for $168000 from U.S. Bank of California and Wells Fargo Bank, National Association, but declined both offers in favor of their mortgage from First Security Savings Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. Much better if you are in a pinch.
Multiple previous requests for credit have been made by Salvatore in the past, including one from Hi-Plains Savings and Loan Association, A Federal Savings and Loan Assoc in Pleasant Hill, California before Salvatore was accepted for the $168000 by First Security Savings Bank
Salvatore made 5 previous tries to obtain a mortgage, 2 of which were with Hi-Plains Savings and Loan Association, A Federal Savings and Loan Assoc, a lender in Pleasant Hill, California known to specialize in mortgages specifically. Prior to finding First Security Savings Bank, Salvatore was desperate due to their inexperience and bad credit rating.
Salvatore has a low current total income, but has several of prospects
Salvatore has always wanted to be a mining machine operator, but would need attend Spring Arbor University again to become one. Salvatore has other possibilities as well, including structural drafter, order clerk, and airport administrator, which pay $59,000 through to $103,000 per year, on average. Because of this, we think that Salvatore can pay for this mortgage of $168000.
When Salvatore was 21, they attempted to obtain a student loan from 6 different lenders, which damaged their credit score. Below is a chronology of Salvatore’s previous attempts at finding a student loan:
- Attempt 1) Loan for $25,000.00 on July 9, 2009
- Attempt 2) Loan for $28,000.00 on July 23, 2012
- Attempt 3) Loan for $29,000.00 on June 26, 2009
- Attempt 4) Loan for $34,000.00 on March 20, 2011
- Attempt 5) Loan for $35,000.00 on October 5, 2011
- Attempt 6) Loan for $34,000.00 on September 18, 2012
Installment loan for Salvatore, a graduate of Spring Arbor University and a music teacher working for over $71,000 per year
Salvatore, an alumnus at Spring Arbor University and a music teacher in Pleasant Hill, California needs a mortgage to purchase a house. Salvatore has instead decided to get an installment loan for $8,000 and is currently seeking lenders like Beverly Hills National Bank to provide it.
Personal Loan for a music teacher named Salvatore in Pleasant Hill, California to Pay Off LANPASS Visa Signature Card
Salvatore had a lot of credit card debt on their Arvest Visa Platinum Card and their Baby Phat Prepaid Visa RushCard, and they were starting to get in over their heads. Despite Salvatore’s job as a music teacher, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Previous requests on Salvatore’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $40200.00 | 4 | 8.2% | $985.18 | Santa Monica Bank | November 4, 2009 |
| $40260.00 | 7 | 7.8% | $623.5 | Farmers and Merchants Bank of Long Beach | July 2, 2010 |
| $40230.00 | 7 | 6.6% | $599.34 | First Interstate Bank of California | April 21, 2011 |
| $39720.00 | 6 | 7.4% | $684.84 | Union Bank | April 15, 2012 |
| $40100.00 | 6 | 10.6% | $755.08 | Citizens Commercial Trust and Savings Bank of Pasadena | July 23, 2012 |
Salvatore’s Transunion score was altered by the mortgage loan, changing to 388 from 407, which is typical in our experience.
Conclusion of Salvatore’s mortgage
In the end, Salvatore was able to find a mortgage for $168000 with an interest rate of 10.4% interest APR from First Security Savings Bank in Pleasant Hill, California repayable over 2 years from today.
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