$48000 Same Day Loan – Sacramento California, Credit Score Of 481
- Experian: 494 – The client had a bad Experian rating
- Transunion: 463 – Jae had a bad credit rating with Transunion.
- Equifax: Jae’s Experian score was 481, which is a bad credit score with the Experian system.
Contact Details for American River Bank, the provider of this same day loan
- American River Bank
- City: Sacramento
- State: California
- Address: 1545 River Park Drive
- County: Sacramento
- Zip code: 95815
- Full name (Changed if requested): Jae Benthusen
- Current Credit: loans.hit.utils.Fico@3f91beef
- Current City: Sacramento
- State: California
- Zip code: 95820
- Yearly income: $61,000
- Current Job: insurance estate planner
- Current County: Sacramento
- Goal Yearly Income: $142,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
Fast Loans for Jae in Sacramento, California to prevent bankruptcy or harm from debt collectors.
Fast loans in Sacramento, California aren’t actually that difficult to obtain, particularly if you have some gumption like Jae. Jae was able to find a fast loan for $48000 from Bank of Stockton and U.S. Bank of California, but declined both offers in favor of their same day loan from American River Bank. 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 6 weeks for personal loans. A big difference in the case that a client is in a time sensitive situation.
Jae’s Transunion score was changed by the same day loan loan, changing to 463 from 481, which is typical in our experience.
Paraphrased and Standardized Quote from Jae for this same day loan of $48000, provided by American River Bank
Hi, I am Jae and my hometown is Sacramento in California. Sacramento, county is where I grew up, and now I need a same day loan in California for $48000 to renovate my home. It has been difficult, but American River Bank really came through for me with this loan for 11.1% interest APR and a term of 6 years. I will repay the loan over the 6 year term, including interest. A big thanks to American River Bank for giving me a chance and my bad credit. It look me 5 years to create my credit to 481, and I won’t harm it any more. I’m happy with Find Texas Loans for helping me this far.
Jae has a disappointing current gross income, but has a large amount of prospects
Jae has always wanted to be a cook, but would need attend Indiana Institute of Technology again to achieve it. Jae has other possibilities as well, including technical & scientific publications editor, radio & tv talk show host, and mechanical drafter, which pay $53,000 through to $108,000 per year, on average. For this reason, we think that Jae can afford this same day loan of $48000.
Personal Loan for an insurance estate planner named Jae in Sacramento, California to Pay Off HSBC MasterCard BusinessCard Card
Jae had a lot of credit card debt on their BMW Signature Card and their M&T Visa Signature Credit Card, and they were starting to get in over their heads. Despite Jae’s job as an insurance estate planner, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans vary from $34,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Jae needed a debt consolidation loan to pay for their existing same day loan and their payday loan. Jae was able to find a same day loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.0%.
Installment loan for Jae, a graduate of Indiana Institute of Technology and an insurance estate planner working for over $78,000 per year
Jae, an alumnus at Indiana Institute of Technology and an insurance estate planner in Sacramento, California needs a same day loan to purchase a car. Jae has instead decided to obtain an installment loan for $3,000 and is at present seeking lenders like Citizens Bank of Roseville to provide it.
Jae’s Overall FICO score at the time of acceptance for a same day loan, taking into account their insurance estate planner job and their future career as a cook
Jae was rejected by Bank of Stockton 4 times prior to being accepted by American River Bank at 1545 River Park Drive
On October 10, 2012, Jae inquired about borrowing $26,000 from Community First National Bank with Tyson, their in law from just outside Sacramento, and even with the co-signer, Jae was rejected for this same day loan. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.
Several past requests for credit have been made by Jae in the past, including one from Paragon Bank & Trust in Sacramento, California before Jae was approved for the $48000 by American River Bank
Jae made 9 previous attempts to obtain a same day loan, 2 of which were with Paragon Bank & Trust, a lender in Sacramento, California known to specialize in same day loans specifically. Before finding American River Bank, Jae was very concerned due to their inexperience and bad credit score.
Before applying for this same day loan, Jae had an Experian score of 494, which is bad, so American River Bank most likely can provide Jae a same day loan
Signature Loan easily acquired in Sacramento, California for $48000 with bad credit by Jae
Many borrowers struggle with finding signature loans in Sacramento, California, and Jae is the same. Jae went to 8 lending institutions or more before settling on American River Bank, who offered Jae a signature loan for $48000. Most signature loans simply require a client, like Jae’s signature to obtain them, up to $43,000 in some cases. Jae was able to get $48000 as a same day loan, which is very high for a same day loan. Because signature loans don’t need collateral, these loans tend to require improved credit, as high as 775
When Jae was 22, they tried to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a list of Jae’s previous attempts at finding a student loan:
- Attempt 1) Loan for $34,000.00 on April 21, 2010
- Attempt 2) Loan for $23,000.00 on January 17, 2009
- Attempt 3) Loan for $30,000.00 on May 31, 2011
- Attempt 4) Loan for $37,000.00 on June 17, 2011
- Attempt 5) Loan for $24,000.00 on February 14, 2010
- Attempt 6) Loan for $23,000.00 on November 11, 2011
Previous requests on Jae’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$53320.00||6||7.2%||$914.18||Santa Monica Bank||May 15, 2010|
|$53360.00||5||10.6%||$1149.56||Farmers and Merchants Bank of Long Beach||December 3, 2013|
|$53130.00||5||8.1%||$1079.83||First Interstate Bank of California||December 6, 2013|
|$52520.00||10||7.7%||$628.92||Union Bank||January 8, 2014|
9 Months Ago, Jae Attempted to Find a High Risk Loan for $47,000.00, 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 originating loan sharks or similar lenders, which can be physically harmful to borrowers like Jae. Jae chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit clients. Borrowers with credit ratings as low as 590 can inquire for a high risk loan and have a chance to be approved.
Conclusion of Jae’s same day loan
In the end, Jae was able to find a same day loan for $48000 with an interest rate of 5.4% interest APR from American River Bank in Sacramento, California repayable over 6 years from now.