$42000 Private Loan – Palo Alto California, Credit Score Of 306
- Experian: 322 – This client had a terrible Experian score
- Transunion: 289 – Chelsea had a terrible credit score with Transunion.
- Equifax: Chelsea’s Experian score was 306, which is a terrible credit score on the Experian system.
Several other requests for credit have been made by Chelsea in the past, including one from Trenton Savings Bank FSB in Palo Alto, California before Chelsea was approved for the $42000 by Greater Bay Bank, National Association
Chelsea made 8 previous tries to obtain a private loan, 2 of which were with Trenton Savings Bank FSB, a lender in Palo Alto, California known to specialize in private loans specifically. Prior to finding Greater Bay Bank, National Association, Chelsea was desperate due to their inexperience and terrible credit score.
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans vary from $35,000.00 to $41,000.00. They are mainly used to pay off existing high interest loans like credit cards. Chelsea needed a debt consolidation loan to pay for their existing private loan and their credit card. Chelsea was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.3%.
When Chelsea was 22, they attempted to obtain a student loan from 7 different lenders, which damaged their credit rating. Below is a list of Chelsea’s previous attempts at finding a student loan:
- Attempt 1) Loan for $38,000.00 on March 11, 2009
- Attempt 2) Loan for $36,000.00 on February 16, 2014
- Attempt 3) Loan for $32,000.00 on October 4, 2009
- Attempt 4) Loan for $38,000.00 on November 5, 2010
- Attempt 5) Loan for $30,000.00 on November 15, 2009
- Attempt 6) Loan for $27,000.00 on April 26, 2013
- Attempt 7) Loan for $22,000.00 on May 23, 2010
Signature Loan found in Palo Alto, California for $42000 with terrible credit by Chelsea
Most clients have difficulty with obtaining signature loans in Palo Alto, California, and Chelsea is no different. Chelsea went to 6 lenders or more prior to finding Greater Bay Bank, National Association, who offered Chelsea a signature loan for $42000. Most signature loans simply need a client, like Chelsea’s signature to obtain them, up to $39,000 in some cases. Chelsea was able to get $42000 as a private loan, which is very high for a private loan. Because signature loans do not need collateral, these loans tend to need higher credit, as high as 774
Chelsea has a disappointing current gross income, but has a high number of prospects
Chelsea has always wanted to be a chaplain, but would have to attend The Art Institute of Phoenix again to become one. Chelsea has other possibilities as well, including environmental engineer, occupational analyst, and parole officer, which pay $54,000 through to $105,000 per year, at least. For this reason, we believe that Chelsea can pay for this private loan of $42000.
Personal Loan for a foreign language interpreter named Chelsea in Palo Alto, California to Pay Off Brooks Brothers Credit Card
Chelsea had a tonne of credit card debt on their Sovereign Bank Business Platinum Card from American Express OPEN and their Associated Bank College Rewards Visa Card, and they were starting to get in over their heads. Despite Chelsea’s job as a foreign language interpreter, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Previous requests on Chelsea’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$131140.00||4||9.3%||$3282.14||Santa Monica Bank||July 23, 2013|
|$130670.00||3||8.8%||$4143.12||Farmers and Merchants Bank of Long Beach||March 20, 2015|
|$131100.00||3||5.7%||$3970.52||First Interstate Bank of California||March 23, 2015|
|$130700.00||11||7.4%||$1450.11||Union Bank||June 22, 2015|
|$131230.00||8||7.4%||$1815.39||Citizens Commercial Trust and Savings Bank of Pasadena||June 30, 2015|
Before applying for this private loan, Chelsea had an Experian score of 322, which is terrible, so Greater Bay Bank, National Association likely can provide Chelsea a private loan
Installment loan for Chelsea, a graduate of The Art Institute of Phoenix and a foreign language interpreter working for over $68,000 per year
Chelsea, an alumnus at The Art Institute of Phoenix and a foreign language interpreter in Palo Alto, California needs a private loan to purchase a car. Chelsea has instead chosen to get an installment loan for $21,000 and is at present seeking lenders like Union Bank to provide it.
Paraphrased and Standardized Quote from Chelsea for this private loan of $42000, provided by Greater Bay Bank, National Association
Hi, I am Chelsea and I am from Palo Alto in California. Santa Clara, county is where I grew up, and now I need a private loan in California for $42000 to avoid bankruptcy. It wasn’t easy, but Greater Bay Bank, National Association really came through for me with this loan for 11.7% interest APR and a term of 12 years. I can repay the loan over the 12 year term, including interest. A big thanks to Greater Bay Bank, National Association for giving me a chance and my terrible credit. It look me 6 years to build my credit to 306, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.
Contact Details for Greater Bay Bank, National Association, the provider of this private loan
- Greater Bay Bank, National Association
- City: Palo Alto
- State: California
- Address: 420 Cowper Street
- County: Santa Clara
- Zip code: 94301
Chelsea’s Overall FICO score at the time of acceptance for a private loan, taking into account their foreign language interpreter job and their future job as a chaplain
Chelsea was declined by First Interstate Bank of California 7 times before being approved by Greater Bay Bank, National Association at 420 Cowper Street
On August 28, 2011, Chelsea applied about borrowing $18,000 from First Trust Bank with Bradly, their friend from just outside Palo Alto, and even with the co-signer, Chelsea was rejected for this private loan. With terrible credit, it can be difficult to obtain funding, even with collateral and a co-signer.
9 Months in the Past, Chelsea Tried Finding a High Risk Loan for $31,000.00, and it was Easy
It is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Chelsea. Chelsea decided not to get a high risk loan this time. High Risk loans are given to bad credit borrowers. Borrowers with credit ratings as low as 357 can apply for a high risk loan and may be be approved.
Chelsea’s Transunion score was changed by the private loan loan, changing to 289 from 306, which is normal in our experience.
Fast Loans for Chelsea in Palo Alto, California to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Palo Alto, California aren’t actually that difficult to obtain, particularly if you have some gumption like Chelsea. Chelsea was able to find a fast loan for $42000 from Community First National Bank and Pacific Western Bank, but declined both offers in favor of their private loan from Greater Bay Bank, National Association. 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 5 weeks for personal loans. A big improvement if you are on the go.
- Full name (Changed if requested): Chelsea Schermerhorn
- Current Credit: loans.hit.utils.Fico@722c41f4
- Current City: Palo Alto
- State: California
- Zip code: 94305
- Yearly income: $36,000
- Current Job: foreign language interpreter
- Current County: Santa Clara
- Goal Yearly Income: $134,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Conclusion of Chelsea’s private loan
In the end, Chelsea was able to find a private loan for $42000 with an interest rate of 5.8% interest APR from Greater Bay Bank, National Association in Palo Alto, California repayable over 12 years from today.