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$60000 Signature Loan In Los Angeles California With Credit Score 706 For Merle

$60000 Signature Loan – Los Angeles California, Credit Score Of 706

  • Experian: 719 – The client had a good Experian score
  • Transunion: 692 – Merle had a good credit rating with Transunion.
  • Equifax: Merle’s Experian score was 706, which is a good credit score using the Experian rating scheme.

Personal Loan for a teacher of the blind named Merle in Los Angeles, California to Pay Off RBC British Airways Visa Infinite

Merle had a tonne of credit card debt on their Fifth Third Preferred Card and their USAA Classic Platinum Visa, and they were starting to get in over their heads. Despite Merle’s job as a teacher of the blind, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Fast Loans for Merle in Los Angeles, California to prevent bankruptcy or harm from debt collectors.

Fast loans in Los Angeles, California aren’t actually that difficult to obtain, especially if you have some gumption like Merle. Merle was able to find a fast loan for $60000 from San Diego Trust & Savings Bank and Bank of Stockton, but turned down both offers in favor of their signature loan from Wilshire Federal Savings and Loan Association. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better if a borrower is in a time sensitive situation.

Multiple past requests for credit have been made by Merle in the past, including one from Bank of Ladd in Los Angeles, California before Merle was approved for the $60000 by Wilshire Federal Savings and Loan Association

Merle made 4 previous attempts to obtain a signature loan, 2 of which were with Bank of Ladd, a bank in Los Angeles, California known to specialize in signature loans specifically. Prior to finding Wilshire Federal Savings and Loan Association, Merle was concerned due to their inexperience and good credit rating.

Paraphrased and Standardized Quote from Merle for this signature loan of $60000, provided by Wilshire Federal Savings and Loan Association

Hi, I am Merle and my hometown is Los Angeles in California. Los Angeles, county is where I grew up, and now I need a signature loan in California for $60000 to renovate my home. It has been difficult, but Wilshire Federal Savings and Loan Association really came through for me with this loan for 6.7% interest APR and a term of 9 years. I can repay the loan over the 9 year term, including interest. A big thanks to Wilshire Federal Savings and Loan Association for trusting me and my good credit. It look me 6 years to build my credit to 706, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Merle’s Transunion score was altered by the signature loan loan, changing to 692 from 706, which is normal in our experience.

Transunion Score: 692

Signature Loan easily acquired in Los Angeles, California for $60000 with good credit by Merle

A lot of borrowers have difficulty with finding signature loans in Los Angeles, California, and Merle is the same. Merle went to 6 lending institutions or more prior to settling on Wilshire Federal Savings and Loan Association, who offered Merle a signature loan for $60000. Most signature loans simply need a client, like Merle’s signature to get them, up to $40,000 in some cases. Merle was able to get $60000 as a signature loan, which is very high for a signature loan. Since signature loans do not need collateral, they generally need better credit, as high as 718

7 Months in the Past, Merle Tried Finding a High Risk Loan for $32,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Merle. Merle chose not to obtain a high risk loan this time. High Risk loans are given to very low credit applicants. Individuals with credit ratings as low as 370 can apply for a high risk loan and may be be accepted.

Client Profile: Merle Timmins of Los Angeles, California
  • Full name (Changed if requested): Merle Timmins
  • Current Credit: loans.hit.utils.Fico@7c53a9eb
  • Current City: Los Angeles
  • State: California
  • Zip code: 90067
  • Yearly income: $40,000
  • Current Job: teacher of the blind
  • Current County: Los Angeles
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Contact Details for Wilshire Federal Savings and Loan Association, the provider of this signature loan

  • Wilshire Federal Savings and Loan Association
  • City: Los Angeles
  • State: California
  • Address: 11377 West Olympic Boulevard
  • County: Los Angeles
  • Zip code: 90064

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans vary from $28,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Merle needed a debt consolidation loan to pay for their existing signature loan and their loan shark loan. Merle was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.5%.

When Merle was 21, they attempted to obtain a student loan from 4 alternate lenders, which damaged their credit rating. Below is a list of Merle’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on April 14, 2009
  • Attempt 2) Loan for $23,000.00 on May 10, 2013
  • Attempt 3) Loan for $37,000.00 on November 5, 2009
  • Attempt 4) Loan for $27,000.00 on July 8, 2011

Merle’s Overall FICO score at the time of acceptance for a signature loan, taking into account their teacher of the blind job and their future job as a biology professor

Fico Score: 706

Merle was rejected by United States National Bank 6 times prior to being approved by Wilshire Federal Savings and Loan Association at 11377 West Olympic Boulevard

On August 31, 2009, Merle inquired about borrowing $18,000 from Pacific Western Bank with Mckinley, their friend from just outside Los Angeles, and even with the co-signer, Merle was rejected for this signature loan. With good credit, it can be difficult to procure funding, even with collateral and a co-signer.

Before applying for this signature loan, Merle had an Experian score of 719, which is good, so Wilshire Federal Savings and Loan Association probably cannot provide Merle a signature loan

Experian Score: 719

Installment loan for Merle, a graduate of Western Oregon University and a teacher of the blind working for over $69,000 per year

Merle, an alumnus at Western Oregon University and a teacher of the blind in Los Angeles, California wants a signature loan to purchase a car. Merle has instead decided to obtain an installment loan for $13,000 and is currently seeking lenders like Citizens Bank of Roseville to process their request.

Previous requests on Merle’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$57320.00 7 11.6% $999.63 Santa Monica Bank September 3, 2011
$57400.00 5 11.7% $1268.15 Farmers and Merchants Bank of Long Beach May 7, 2013
$57260.00 5 5.1% $1083.19 First Interstate Bank of California September 9, 2013
$57280.00 5 10.5% $1231.17 Union Bank December 6, 2013

Merle has a very low current gross income, but has several of prospects

Merle has always wanted to be a biology professor, but would need attend Western Oregon University again to achieve it. Merle has other possibilities as well, including mathematical technician, scientific photographer, and tool & machine designer, which pay $52,000 through to $92,000 per year, at least. For this reason, we think that Merle can afford this signature loan of $60000.

Conclusion of Merle’s signature loan

In the end, Merle was able to find a signature loan for $60000 with an interest rate of 6.5% interest APR from Wilshire Federal Savings and Loan Association in Los Angeles, California repayable over 9 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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