$56000 Mortgage – Santa Paula California, Credit Score Of 428
- Experian: 438 – The client had a bad Experian score
- Transunion: 413 – Odell had a bad credit rating with Transunion.
- Equifax: Odell’s Experian score was 428, which is a bad credit rating with the Experian system.
Contact Details for Santa Paula Savings and Loan Association, the provider of this mortgage
- Santa Paula Savings and Loan Association
- City: Santa Paula
- State: California
- Address: 725 East Main St
- County: Ventura
- Zip code: 93060
9 Months in the Past, Odell Tried Finding a High Risk Loan for $24,000.00, but They Didn’t Find What They were Expecting
There is an well known struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Odell. Odell decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Borrowers with credit ratings as low as 475 can apply for a high risk loan and possibly can be approved.
Odell was not approved by Santa Monica Bank 5 times prior to being accepted by Santa Paula Savings and Loan Association at 725 East Main St
On February 20, 2011, Odell inquired about borrowing $11,000 from National Bank of Agriculture with Juli, their in law from just outside Santa Paula, and even with the co-signer, Odell was rejected for this mortgage. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.
Signature Loan acquired in Santa Paula, California for $56000 with bad credit by Odell
A lot of borrowers struggle with obtaining signature loans in Santa Paula, California, and Odell is no exception. Odell went to 4 lending institutions or more before settling on Santa Paula Savings and Loan Association, who offered Odell a signature loan for $56000. Most signature loans simply require a client, like Odell’s signature to obtain them, up to $48,000 in some cases. Odell was able to get $56000 as a mortgage, which is very high for a mortgage. Because signature loans don’t require collateral, these loans generally need improved credit, as high as 729
Previous requests on Odell’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$73230.00||6||6.1%||$1217.09||Santa Monica Bank||December 22, 2009|
|$73480.00||11||6.7%||$788.25||Farmers and Merchants Bank of Long Beach||May 19, 2012|
|$73410.00||11||10.6%||$944.18||First Interstate Bank of California||May 27, 2013|
|$73300.00||6||9.3%||$1332.21||Union Bank||December 12, 2014|
|$73420.00||9||7.5%||$936.91||Citizens Commercial Trust and Savings Bank of Pasadena||February 23, 2015|
Before applying for this mortgage, Odell had an Experian score of 438, which is bad, so Santa Paula Savings and Loan Association likely cannot provide Odell a mortgage
Personal Loan for a job development specialist named Odell in Santa Paula, California to Pay Off HSBC Platinum MasterCard with Rewards
Odell had a lot of credit card debt on their Commerce Bank Special Connections MasterCard with Rewards and their KingSize Gold Credit Card, and they were starting to get in over their heads. Despite Odell’s job as a job development specialist, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Installment loan for Odell, a graduate of Institute for Advanced Montessori Studies and a job development specialist working for over $62,000 per year
Odell, an alumnus at Institute for Advanced Montessori Studies and a job development specialist in Santa Paula, California wants a mortgage to purchase a car. Odell has instead decided to get an installment loan for $7,000 and is at present seeking lenders like Pacific Western Bank to process their request.
Fast Loans for Odell in Santa Paula, California to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Santa Paula, California aren’t actually that difficult to obtain, particularly if you have some gumption like Odell. Odell was able to find a fast loan for $56000 from The Merchants National Bank of Sacramento and Wells Fargo Bank, National Association, but turned down both offers in favor of their mortgage from Santa Paula Savings and Loan Association. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement in the case that you are in a pinch.
When Odell was 24, they tried to obtain a student loan from 7 alternate banks, which harmed their credit rating. Below is a list of Odell’s previous attempts at finding a student loan:
- Attempt 1) Loan for $32,000.00 on May 29, 2010
- Attempt 2) Loan for $33,000.00 on August 16, 2009
- Attempt 3) Loan for $30,000.00 on July 24, 2012
- Attempt 4) Loan for $37,000.00 on June 18, 2010
- Attempt 5) Loan for $37,000.00 on October 30, 2009
- Attempt 6) Loan for $23,000.00 on September 23, 2011
- Attempt 7) Loan for $32,000.00 on July 15, 2011
Odell’s Transunion score was altered by the mortgage loan, changing to 413 from 428, which is typical in our experience.
- Full name (Changed if requested): Odell Spadoni
- Current Credit: loans.hit.utils.Fico@5e9f23b4
- Current City: Santa Paula
- State: California
- Zip code: 93068
- Yearly income: $49,000
- Current Job: job development specialist
- Current County: Ventura
- Goal Yearly Income: $85,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Odell has a sad current gross income, but has a high number of prospects
Odell has always wanted to be an occupational analyst, but would need attend Institute for Advanced Montessori Studies again to achieve it. Odell has other prospects as well, including mail clerk, airline flight reservations administrator, and traffic administrator, which pay $54,000 through to $90,000 per year, on average. Because of this, we think that Odell can afford this mortgage of $56000.
Odell’s Overall FICO score at the time of acceptance for a mortgage, taking into account their job development specialist job and their future career as an occupational analyst
Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans vary from $32,000.00 to $46,000.00. They are typically used to pay off existing high interest loans like credit cards. Odell required a debt consolidation loan to pay for their existing mortgage and their credit card. Odell was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.4%.
Paraphrased and Standardized Quote from Odell for this mortgage of $56000, provided by Santa Paula Savings and Loan Association
Hi, I am Odell and I am from Santa Paula in California. Ventura, county is where I grew up, and now I need a mortgage in California for $56000 to renovate my home. It wasn’t easy, but Santa Paula Savings and Loan Association really came through for me with this loan for 11.7% interest APR and a term of 21 years. I can probably repay the loan over the 21 year term, including interest. A big thanks to Santa Paula Savings and Loan Association for giving me a chance and my bad credit. It look me 9 years to create my credit to 428, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.
Several past requests for credit have been made by Odell in the past, including one from The Baltic State Bank in Santa Paula, California before Odell was approved for the $56000 by Santa Paula Savings and Loan Association
Odell made 7 prior attempts to obtain a mortgage, 2 of which were with The Baltic State Bank, a lending institution in Santa Paula, California known to specialize in mortgages specifically. Before finding Santa Paula Savings and Loan Association, Odell was very concerned due to their inexperience and bad credit rating.
Conclusion of Odell’s mortgage
In the end, Odell was able to find a mortgage for $56000 with an interest rate of 11.7% interest APR from Santa Paula Savings and Loan Association in Santa Paula, California repayable over 21 years from now.