$51000 Signature Loan – San Juan Puerto Rico, Credit Rating Of 414
- Experian: 427 – The client had a bad Experian score
- Transunion: 399 – Cristobal had a bad credit score with Transunion.
- Equifax: Cristobal’s Experian score was 414, which is a bad credit score with the Experian rating scheme.
9 Months in the Past, Cristobal Tried Finding a High Risk Loan for $42,000.00, and it was Easy
It is an ongoing struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Cristobal. Cristobal decided not to get a high risk loan this time. High Risk loans are given to bad credit clients. Clients with credit scores as low as 451 can apply for a high risk loan and may be be approved.
Contact Details for Banco Popular de Puerto Rico, the provider of this signature loan
- Banco Popular de Puerto Rico
- City: San Juan
- State: Puerto Rico
- Address: 209 Munoz Rivera Avenue
- County: San Juan
- Zip code: 918
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans
Most debt consolidation loans vary from $20,000.00 to $41,000.00. They are typically used to pay off existing high interest loans like credit cards. Cristobal needed a debt consolidation loan to pay for their existing signature loan and their credit card. Cristobal was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.8%.
Cristobal has a very low current total income, but has a large amount of prospects
Cristobal has always wanted to be a fire inspector, but would have to attend Upper Iowa University again to achieve it. Cristobal has other prospects as well, including vocational rehabilitation counselor, interpreter for the hearing impaired, and petroleum refinery operator, which pay $53,000 through to $91,000 per year, at least. For this reason, we believe that Cristobal can afford this signature loan of $51000.
- Full name (Changed if requested): Cristobal Buendia
- Current Credit: loans.hit.utils.Fico@179d3b25
- Current City: San Juan
- State: Puerto Rico
- Zip code: 921
- Yearly income: $35,000
- Current Job: immigration inspector
- Current County: San Juan
- Goal Yearly Income: $108,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
Cristobal’s Transunion score was changed by the signature loan loan, changing to 399 from 414, which is normal in our experience.
Cristobal’s Overall FICO score at the time of acceptance for a signature loan, taking into account their immigration inspector job and their future career as a fire inspector
Personal Loan for an immigration inspector named Cristobal in San Juan, Puerto Rico to Pay Off Club CarlsonSM Rewards Visa Signature Card
Cristobal had a lot of credit card debt on their UNFCU Classic Credit Card and their Grossman’s Bargain Outlet Credit Card, and they were starting to get in over their heads. Despite Cristobal’s job as an immigration inspector, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Before applying for this signature loan, Cristobal had an Experian score of 427, which is bad, so Banco Popular de Puerto Rico likely can provide Cristobal a signature loan
Signature Loan acquired in San Juan, Puerto Rico for $51000 with bad credit by Cristobal
A lot of clients have difficulty with obtaining signature loans in San Juan, Puerto Rico, and Cristobal is not an exception. Cristobal went to 8 lending institutions or more prior to settling on Banco Popular de Puerto Rico, who offered Cristobal a signature loan for $51000. Most signature loans simply need a client, like Cristobal’s signature to get them, up to $42,000 in some cases. Cristobal was able to get $51000 as a signature loan, which is very high for a signature loan. Because signature loans don’t require a cosigner, these loans generally need higher credit, as high as 759
Fast Loans for Cristobal in San Juan, Puerto Rico to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in San Juan, Puerto Rico aren’t actually that difficult to obtain, especially if you have some finesse like Cristobal. Cristobal was able to find a fast loan for $51000 from United Federal Savings and Loan Association of Puerto Rico and Girod Trust Company, but declined both offers in favor of their signature loan from Banco Popular de Puerto Rico. The improvement 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. A big difference if a borrower is on the go.
Many past requests for credit have been made by Cristobal in the past, including one from The Parker Bank and Trust Company in San Juan, Puerto Rico before Cristobal was accepted for the $51000 by Banco Popular de Puerto Rico
Cristobal made 4 prior attempts to obtain a signature loan, 2 of which were with The Parker Bank and Trust Company, a lending institution in San Juan, Puerto Rico known to specialize in signature loans specifically. Prior to finding Banco Popular de Puerto Rico, Cristobal was desperate due to their inexperience and bad credit score.
Paraphrased and Standardized Quote from Cristobal for this signature loan of $51000, provided by Banco Popular de Puerto Rico
Hi, I am Cristobal and my hometown is San Juan in Puerto Rico. San Juan, county is where I grew up, and now I need a signature loan in Puerto Rico for $51000 to pay bills. It wasn’t easy, but Banco Popular de Puerto Rico really came through for me with this loan for 6.4% interest APR and a term of 9 years. I will repay the loan over the 9 year term, including interest. A big thanks to Banco Popular de Puerto Rico for giving me a chance and my bad credit. It look me 5 years to build my credit to 414, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.
When Cristobal was 22, they attempted to obtain a student loan from 5 alternate lenders, which damaged their credit rating. Below is a chronology of Cristobal’s previous attempts at finding a student loan:
- Attempt 1) Loan for $26,000.00 on March 11, 2013
- Attempt 2) Loan for $34,000.00 on November 11, 2011
- Attempt 3) Loan for $30,000.00 on February 26, 2012
- Attempt 4) Loan for $30,000.00 on April 11, 2009
- Attempt 5) Loan for $25,000.00 on October 26, 2009
Installment loan for Cristobal, a graduate of Upper Iowa University and an immigration inspector working for over $66,000 per year
Cristobal, an alumnus at Upper Iowa University and an immigration inspector in San Juan, Puerto Rico needs a signature loan to purchase something frivolous. Cristobal has instead chosen to obtain an installment loan for $11,000 and is currently seeking lenders like Banco Bilbao Vizcaya Argentaria Puerto Rico to process their request.
Previous requests on Cristobal’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$142250.00||5||5.2%||$2697.49||Roig Commercial Bank||September 4, 2009|
|$141730.00||6||10.6%||$2668.75||Banco Credito y Ahorro Ponceno||March 26, 2013|
|$142140.00||7||10.5%||$2396.58||Banco Popular de Puerto Rico||November 27, 2013|
|$141620.00||9||10.1%||$2001.5||Banco Popular de Puerto Rico||June 11, 2014|
|$142380.00||10||11.6%||$2009.95||Banco Economias||July 4, 2014|
Cristobal was not approved by Banco Nacional, National Association 7 times before being granted funding by Banco Popular de Puerto Rico at 209 Munoz Rivera Avenue
On October 23, 2012, Cristobal applied about borrowing $3,000 from Banco Central Hispano – Puerto Rico with Consuela, their friend from just outside San Juan, and even with the co-signer, Cristobal was rejected for this signature loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Conclusion of Cristobal’s signature loan
In the end, Cristobal was able to find a signature loan for $51000 with an interest rate of 6.7% interest APR from Banco Popular de Puerto Rico in San Juan, Puerto Rico repayable over 9 years from now.