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$10000 Mortgage With Excellent Credit In Oakland California

$10000 Mortgage – Oakland California, Credit Score Of 745

  • Experian: 760 – The client had an excellent Experian rating
  • Transunion: 727 – Shantae had an excellent credit rating with Transunion.
  • Equifax: Shantae’s Experian score was 745, which is an excellent credit rating with the Experian system.

Personal Loan for a motorcycle mechanic named Shantae in Oakland, California to Pay Off City National Bank Visa Signature Card

Shantae had a lot of credit card debt on their Sears Commercial One Credit Card and their Catherines Credit Card, and they were starting to get in over their heads. Despite Shantae’s job as a motorcycle mechanic, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

7 Months in the Past, Shantae Attempted Finding a High Risk Loan for $40,000.00, and it was Easy

There is an existing struggle for borrowers 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 physically harmful to borrowers like Shantae. Shantae 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 588 can inquire for a high risk loan and possibly can be accepted.

Contact Details for City Federal Savings and Loan Association, the provider of this mortgage

  • City Federal Savings and Loan Association
  • City: Oakland
  • State: California
  • Address: 1730 Franklin Street
  • County: Alameda
  • Zip code: 94612

Installment loan for Shantae, a graduate of Stephen F Austin State University and a motorcycle mechanic working for over $66,000 per year

Shantae, an alumnus at Stephen F Austin State University and a motorcycle mechanic in Oakland, California wants a mortgage to purchase something frivolous. Shantae has instead chosen to obtain an installment loan for $26,000 and is currently seeking lenders like Farmers & Merchants Bank of Central California to process their request.

Many previous requests for credit have been made by Shantae in the past, including one from The First National Bank of Ekalaka in Oakland, California before Shantae was accepted for the $10000 by City Federal Savings and Loan Association

Shantae made 9 previous tries to obtain a mortgage, 2 of which were with The First National Bank of Ekalaka, a bank in Oakland, California known to specialize in mortgages specifically. Before finding City Federal Savings and Loan Association, Shantae was desperate due to their inexperience and excellent credit rating.

Previous requests on Shantae’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$18130.00 5 10.8% $392.38 Santa Monica Bank July 5, 2009
$17670.00 10 8.6% $220.03 Farmers and Merchants Bank of Long Beach January 18, 2013
$18170.00 3 5.1% $545.39 First Interstate Bank of California October 30, 2013
$17900.00 7 8.6% $284.37 Union Bank May 11, 2014
$18420.00 7 11.5% $320.26 Citizens Commercial Trust and Savings Bank of Pasadena September 30, 2014
Client Profile: Shantae Janrhett of Oakland, California
  • Full name (Changed if requested): Shantae Janrhett
  • Current Credit: loans.hit.utils.Fico@43556938
  • Current City: Oakland
  • State: California
  • Zip code: 94614
  • Yearly income: $54,000
  • Current Job: motorcycle mechanic
  • Current County: Alameda
  • Goal Yearly Income: $126,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

When Shantae was 20, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit rating. Below is a list of Shantae’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on July 16, 2009
  • Attempt 2) Loan for $27,000.00 on June 11, 2010
  • Attempt 3) Loan for $25,000.00 on August 14, 2009
  • Attempt 4) Loan for $39,000.00 on February 19, 2009
  • Attempt 5) Loan for $32,000.00 on October 16, 2013
  • Attempt 6) Loan for $35,000.00 on October 16, 2008
  • Attempt 7) Loan for $30,000.00 on February 28, 2011

Paraphrased and Standardized Quote from Shantae for this mortgage of $10000, provided by City Federal Savings and Loan Association

Hi, I am Shantae and I am from Oakland in California. Alameda, county is where I grew up, and now I need a mortgage in California for $10000 to buy a car. It has been difficult, but City Federal Savings and Loan Association really came through for me with this loan for 7.1% interest APR and a term of 1 years. I can probably repay the loan over the 1 year term, including interest. A big thanks to City Federal Savings and Loan Association for trusting me and my excellent credit. It look me 9 years to create my credit to 745, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

Shantae was declined by United States National Bank 6 times before being granted funding by City Federal Savings and Loan Association at 1730 Franklin Street

On March 5, 2012, Shantae inquired about borrowing $34,000 from Citizens State Bank of Santa Paula with Kelly, their friend from just outside Oakland, and even with the co-signer, Shantae was rejected for this mortgage. With excellent credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Shantae’s Transunion score was changed by the mortgage loan, changing to 727 from 745, which is normal in our experience.

Transunion Score: 727

Fast Loans for Shantae in Oakland, California to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Oakland, California aren’t actually that difficult to obtain, especially if you have some gumption like Shantae. Shantae was able to find a fast loan for $10000 from National Bank of Agriculture and Community First National Bank, but turned down both offers in favor of their mortgage from City Federal Savings and Loan Association. 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 in a pinch.

Signature Loan found in Oakland, California for $10000 with excellent credit by Shantae

A lot of prospective borrowers have difficulty with finding signature loans in Oakland, California, and Shantae is no different. Shantae went to 4 lenders or more before finding City Federal Savings and Loan Association, who offered Shantae a signature loan for $10000. Most signature loans simply require a client, like Shantae’s signature to get them, up to $28,000 in some cases. Shantae was able to get $10000 as a mortgage, which is very high for a mortgage. Since signature loans don’t require collateral, these loans tend to need improved credit, as high as 711

Shantae’s Overall FICO score at the time of acceptance for a mortgage, taking into account their motorcycle mechanic job and their future career as a building inspector

Fico Score: 745

Before applying for this mortgage, Shantae had an Experian score of 760, which is excellent, so City Federal Savings and Loan Association likely cannot provide Shantae a mortgage

Experian Score: 760

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $26,000.00 to $48,000.00. They are mainly used to pay off existing high interest loans like credit cards. Shantae needed a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Shantae was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 3.5%.

Shantae has a disappointing current yearly income, but has a large amount of prospects

Shantae has always wanted to be a building inspector, but would have to attend Stephen F Austin State University again to achieve it. Shantae has other prospects as well, including film editor, marking clerk, and admiralty lawyer, which pay $55,000 through to $95,000 per year, on average. For this reason, we believe that Shantae can pay for this mortgage of $10000.

Conclusion of Shantae’s mortgage

In the end, Shantae was able to find a mortgage for $10000 with an interest rate of 7.3% interest APR from City Federal Savings and Loan Association in Oakland, California repayable over 1 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.