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Merilyn Needed A Personal Loan For $52000, San Jose, California

$52000 Personal Loan – San Jose California, Credit Score Of 437

  • Experian: 447 – They had a bad Experian score
  • Transunion: 419 – Merilyn had a bad credit rating with Transunion.
  • Equifax: Merilyn’s Experian score was 437, which is a bad credit score on the Experian system.
Client Profile: Merilyn Manton of San Jose, California
  • Full name (Changed if requested): Merilyn Manton
  • Current Credit: loans.hit.utils.Fico@736e9adb
  • Current City: San Jose
  • State: California
  • Zip code: 95121
  • Yearly income: $59,000
  • Current Job: student financial aid administrator
  • Current County: Santa Clara
  • Goal Yearly Income: $136,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Multiple other requests for credit have been made by Merilyn in the past, including one from Allstate Savings and Loan Association in San Jose, California before Merilyn was approved for the $52000 by Heritage Bank of Commerce

Merilyn made 7 prior attempts to obtain a personal loan, 2 of which were with Allstate Savings and Loan Association, a lending institution in San Jose, California known to specialize in personal loans specifically. Before finding Heritage Bank of Commerce, Merilyn was concerned due to their inexperience and bad credit rating.

Merilyn’s Overall FICO score at the time of acceptance for a personal loan, taking into account their student financial aid administrator job and their future job as a commercial diver

Fico Score: 437

Signature Loan easily acquired in San Jose, California for $52000 with bad credit by Merilyn

A lot of clients struggle with finding signature loans in San Jose, California, and Merilyn is the same. Merilyn went to 4 lending institutions or more prior to settling on Heritage Bank of Commerce, who offered Merilyn a signature loan for $52000. Most signature loans simply need a client, like Merilyn’s signature to obtain them, up to $32,000 in some cases. Merilyn was able to get $52000 as a personal loan, which is very high for a personal loan. Since signature loans do not need a cosigner, these loans tend to require better credit, as high as 738

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

Fast loans in San Jose, California aren’t actually that difficult to obtain, especially if you have some finesse like Merilyn. Merilyn was able to find a fast loan for $52000 from Citizens State Bank of Santa Paula and Farmers and Merchants Bank of Long Beach, but turned down both offers in favor of their personal loan from Heritage Bank of Commerce. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big difference if a client is in a time sensitive situation.

Previous requests on Merilyn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$53230.00 9 9.5% $735.07 Santa Monica Bank May 11, 2011
$53150.00 11 10.1% $668.44 Farmers and Merchants Bank of Long Beach November 6, 2013
$52560.00 8 5.3% $672.94 First Interstate Bank of California March 11, 2015
$52840.00 8 11.5% $844.35 Union Bank June 26, 2015
$53240.00 4 6.4% $1260.13 Citizens Commercial Trust and Savings Bank of Pasadena August 29, 2015

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $35,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Merilyn required a debt consolidation loan to pay for their existing personal loan and their loan shark loan. Merilyn was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.3%.

When Merilyn was 19, they tried to obtain a student loan from 4 alternate banks, which harmed their credit score. Below is a list of Merilyn’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on October 4, 2010
  • Attempt 2) Loan for $32,000.00 on May 31, 2010
  • Attempt 3) Loan for $23,000.00 on September 16, 2011
  • Attempt 4) Loan for $25,000.00 on November 1, 2011

Personal Loan for a student financial aid administrator named Merilyn in San Jose, California to Pay Off Zions Bank Visa Secured Card

Merilyn had a lot of credit card debt on their Lord & Taylor Credit Card and their Exchange National Bank & Trust Credit Cards Exclusive Connection$ Rewards Visa Credit Card, and they were starting to get in over their heads. Despite Merilyn’s job as a student financial aid administrator, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Installment loan for Merilyn, a graduate of El Centro College and a student financial aid administrator working for over $73,000 per year

Merilyn, an alumnus at El Centro College and a student financial aid administrator in San Jose, California needs a personal loan to purchase a new cell phone. Merilyn has instead chosen to get an installment loan for $22,000 and is currently seeking lenders like Central Bank to provide it.

Merilyn has a disappointing current total income, but has several of prospects

Merilyn has always wanted to be a commercial diver, but would have to attend El Centro College again to become one. Merilyn has other prospects as well, including aquaculturist, aircraft launch and recovery specialist, and paste-up worker, which pay $56,000 through to $90,000 per year, on average. For this reason, we believe that Merilyn can pay for this personal loan of $52000.

8 Months Ago, Merilyn Tried Finding a High Risk Loan for $31,000.00, and it was Easy

There is an well known struggle for clients to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Merilyn. Merilyn chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Individuals with credit scores as low as 566 can inquire for a high risk loan and may be be approved.

Paraphrased and Standardized Quote from Merilyn for this personal loan of $52000, provided by Heritage Bank of Commerce

Hi, I am Merilyn and I am from San Jose in California. Santa Clara, county is where I grew up, and now I need a personal loan in California for $52000 to buy a car. It has been difficult, but Heritage Bank of Commerce really came through for me with this loan for 5.3% interest APR and a term of 22 years. I can probably repay the loan over the 22 year term, including interest. A big thanks to Heritage Bank of Commerce for trusting me and my bad credit. It look me 6 years to create my credit to 437, and I won’t harm it any future. I am happy with Find Texas Loans for assisting me this far.

Merilyn’s Transunion score was altered by the personal loan loan, changing to 419 from 437, which is typical in our experience.

Transunion Score: 419

Merilyn was not approved by National Bank of Agriculture 6 times prior to being accepted by Heritage Bank of Commerce at 150 Almaden Boulevard

On May 3, 2010, Merilyn inquired about borrowing $25,000 from Security Pacific National Bank with Lashon, their in law from just outside San Jose, and even with the co-signer, Merilyn was rejected for this personal loan. With bad credit, it can be very hard to procure financing, even with collateral and a co-signer.

Contact Details for Heritage Bank of Commerce, the provider of this personal loan

  • Heritage Bank of Commerce
  • City: San Jose
  • State: California
  • Address: 150 Almaden Boulevard
  • County: Santa Clara
  • Zip code: 95113

Before applying for this personal loan, Merilyn had an Experian score of 447, which is bad, so Heritage Bank of Commerce likely can provide Merilyn a personal loan

Experian Score: 447

Conclusion of Merilyn’s personal loan

In the end, Merilyn was able to find a personal loan for $52000 with an interest rate of 9.5% interest APR from Heritage Bank of Commerce in San Jose, California repayable over 22 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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