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Private Loan Of $104000 For Good Credit California Resident

$104000 Private Loan – Los Angeles California, Credit Rating Of 654

  • Experian: 670 – They had a good Experian score
  • Transunion: 640 – Dustin had a good credit score with Transunion.
  • Equifax: Dustin’s Experian score was 654, which is a good credit rating on the Experian scale.
Client Profile: Dustin Jacome of Los Angeles, California
  • Full name (Changed if requested): Dustin Jacome
  • Current Credit: loans.hit.utils.Fico@300ffa5d
  • Current City: Los Angeles
  • State: California
  • Zip code: 90024
  • Yearly income: $39,000
  • Current Job: industrial designer
  • Current County: Los Angeles
  • Goal Yearly Income: $145,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

6 Months Ago, Dustin Tried Finding a High Risk Loan for $32,000.00, and it was Hard

It is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Dustin. Dustin chose not to obtain a high risk loan this time. High Risk loans are given to bad credit clients. Individuals with credit scores as low as 417 can apply for a high risk loan and possibly can be approved.

Dustin’s Overall FICO score at the time of acceptance for a private loan, taking into account their industrial designer job and their future career as a materials inspector

Fico Score: 654

Dustin was declined by Bank of Alex Brown 7 times prior to being approved by American International Bank at 624 South Grand

On November 24, 2013, Dustin applied about borrowing $26,000 from United States National Bank with Lien, their in law from just outside Los Angeles, and even with the co-signer, Dustin was rejected for this private loan. With good credit, it can be difficult to procure funding, even with collateral and a co-signer.

Fast Loans for Dustin in Los Angeles, California to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Los Angeles, California aren’t actually that difficult to obtain, particularly if you have some finesse like Dustin. Dustin was able to find a fast loan for $104000 from Southern California First National Bank and The First National Bank of Holtville, but turned down both offers in favor of their private loan from American International Bank. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement if a borrower is on the go.

Paraphrased and Standardized Quote from Dustin for this private loan of $104000, provided by American International Bank

Hello, I am Dustin and I’m from Los Angeles in California. Los Angeles, county is where I grew up, and now I need a private loan in California for $104000 to renovate my home. It wasn’t easy, but American International Bank really came through for me with this loan for 9.3% interest APR and a term of 13 years. I can repay the loan over the 13 year term, including interest. A big thanks to American International Bank for trusting me and my good credit. It look me 8 years to create my credit to 654, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.

Contact Details for American International Bank, the provider of this private loan

  • American International Bank
  • City: Los Angeles
  • State: California
  • Address: 624 South Grand
  • County: Los Angeles
  • Zip code: 90017

Several past requests for credit have been made by Dustin in the past, including one from Fleet National Bank in Los Angeles, California before Dustin was approved for the $104000 by American International Bank

Dustin made 7 prior attempts to obtain a private loan, 2 of which were with Fleet National Bank, a lender in Los Angeles, California known to specialize in private loans specifically. Before finding American International Bank, Dustin was desperate due to their inexperience and good credit rating.

Signature Loan acquired in Los Angeles, California for $104000 with good credit by Dustin

Most prospective borrowers struggle with finding signature loans in Los Angeles, California, and Dustin is the same. Dustin went to 4 lenders or more prior to finding American International Bank, who offered Dustin a signature loan for $104000. Most signature loans simply require a client, like Dustin’s signature to obtain them, up to $27,000 in some cases. Dustin was able to get $104000 as a private loan, which is very high for a private loan. Since signature loans don’t require a cosigner, these loans generally require improved credit, as high as 784

Before applying for this private loan, Dustin had an Experian score of 670, which is good, so American International Bank likely cannot provide Dustin a private loan

Experian Score: 670

Installment loan for Dustin, a graduate of Ivy Tech Community College of Indiana and an industrial designer working for over $78,000 per year

Dustin, an alumnus at Ivy Tech Community College of Indiana and an industrial designer in Los Angeles, California needs a private loan to purchase a new cell phone. Dustin has instead chosen to obtain an installment loan for $2,000 and is at present seeking lenders like Bank of Alex Brown to process their request.

Personal Loan for an industrial designer named Dustin in Los Angeles, California to Pay Off BancorpSouth Student Visa

Dustin had a lot of credit card debt on their Bangor Savings Bank Visa Signature Bonus Rewards PLUS Card and their Integra Bank Credit Cards, and they were starting to get in over their heads. Despite Dustin’s job as an industrial designer, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Dustin was 24, they attempted to obtain a student loan from 6 different lenders, which damaged their credit score. Below is a list of Dustin’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on April 28, 2011
  • Attempt 2) Loan for $24,000.00 on September 26, 2009
  • Attempt 3) Loan for $21,000.00 on July 10, 2012
  • Attempt 4) Loan for $22,000.00 on March 3, 2012
  • Attempt 5) Loan for $20,000.00 on November 4, 2008
  • Attempt 6) Loan for $23,000.00 on November 2, 2011

Dustin’s Transunion score was altered by the private loan loan, changing to 640 from 654, which is normal in our experience.

Transunion Score: 640

Dustin has a very low current gross income, but has a large amount of prospects

Dustin has always wanted to be a materials inspector, but would need attend Ivy Tech Community College of Indiana again to achieve it. Dustin has other prospects as well, including commercial designer, sanitary engineer, and electrical drafter, which pay $57,000 through to $96,000 per year, on average. For this reason, we think that Dustin can afford this private loan of $104000.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $25,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Dustin needed a debt consolidation loan to pay for their existing private loan and their loan shark loan. Dustin was able to find a private 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 generally have interest rates as low as 4.3%.

Previous requests on Dustin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$129330.00 10 8.5% $1603.51 Santa Monica Bank November 21, 2008
$129490.00 5 6.5% $2533.62 Farmers and Merchants Bank of Long Beach September 19, 2010
$129410.00 3 10.4% $4200.04 First Interstate Bank of California November 9, 2010
$129320.00 10 11.8% $1840.45 Union Bank October 18, 2012
$129410.00 7 5.7% $1871.94 Citizens Commercial Trust and Savings Bank of Pasadena August 3, 2013

Conclusion of Dustin’s private loan

In the end, Dustin was able to find a private loan for $104000 with an interest rate of 7.2% interest APR from American International Bank in Los Angeles, California repayable over 13 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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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.