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$32000 Mortgage With Terrible Credit In Coronado California

$32000 Mortgage – Coronado California, Credit Score Of 385

  • Experian: 404 – The client had a terrible Experian score
  • Transunion: 371 – Sena had a terrible credit rating with Transunion.
  • Equifax: Sena’s Experian score was 385, which is a terrible credit score using the Experian scale.

9 Months Ago, Sena Tried Finding a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Sena. Sena chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit clients. Individuals with credit ratings as low as 545 can inquire for a high risk loan and may be be accepted.

Contact Details for Coronado First Bank, the provider of this mortgage

  • Coronado First Bank
  • City: Coronado
  • State: California
  • Address: 801 Orange Avenue # 101
  • County: San Diego
  • Zip code: 92118

Personal Loan for a package designer named Sena in Coronado, California to Pay Off MCU2 Student Visa

Sena had a tonne of credit card debt on their AARP Rewards Visa Card and their Alaska Airlines Visa Signature Card, and they were starting to get in over their heads. Despite Sena’s job as a package designer, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Sena was 19, they tried to obtain a student loan from 5 different lenders, which damaged their credit score. Below is a chronology of Sena’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on February 21, 2010
  • Attempt 2) Loan for $37,000.00 on March 23, 2011
  • Attempt 3) Loan for $31,000.00 on March 13, 2012
  • Attempt 4) Loan for $35,000.00 on February 27, 2009
  • Attempt 5) Loan for $28,000.00 on June 15, 2011

Fast Loans for Sena in Coronado, California to prevent bankruptcy or harm from debt collectors.

Fast loans in Coronado, California aren’t actually that difficult to obtain, especially if you have some gumption like Sena. Sena was able to find a fast loan for $32000 from Beverly Hills National Bank and The First National Bank of Holtville, but turned down both offers in favor of their mortgage from Coronado First Bank. 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 5 weeks for personal loans. A big improvement in the case that a client is on the go.

Many previous requests for credit have been made by Sena in the past, including one from Whitinsville Savings Bank in Coronado, California before Sena was approved for the $32000 by Coronado First Bank

Sena made 4 previous attempts to obtain a mortgage, 2 of which were with Whitinsville Savings Bank, a lender in Coronado, California known to specialize in mortgages specifically. Prior to finding Coronado First Bank, Sena was desperate due to their inexperience and terrible credit score.

Sena has a very low current gross income, but has a high number of prospects

Sena has always wanted to be an airfield operations specialist, but would need attend Morgan Community College again to achieve it. Sena has other possibilities as well, including soil conservationist, psychiatrist, and air crew member, which pay $56,000 through to $105,000 per year, at least. Because of this, we think that Sena can afford this mortgage of $32000.

Sena’s Transunion score was changed by the mortgage loan, changing to 371 from 385, which is normal in our experience.

Transunion Score: 371

Signature Loan found in Coronado, California for $32000 with terrible credit by Sena

Most borrowers have difficulty with obtaining signature loans in Coronado, California, and Sena is no different. Sena went to 8 lending institutions or more before settling on Coronado First Bank, who offered Sena a signature loan for $32000. Most signature loans simply require a client, like Sena’s signature to get them, up to $44,000 in some cases. Sena was able to get $32000 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 768

Paraphrased and Standardized Quote from Sena for this mortgage of $32000, provided by Coronado First Bank

Hello, I am Sena and I am from Coronado in California. San Diego, county is where I grew up, and now I need a mortgage in California for $32000 to buy a car. It has been difficult, but Coronado First Bank really came through for me with this loan for 11.0% interest APR and a term of 13 years. I will repay the loan over the 13 year term, including interest. A big thanks to Coronado First Bank for giving me a chance and my terrible credit. It look me 4 years to create my credit to 385, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Installment loan for Sena, a graduate of Morgan Community College and a package designer working for over $67,000 per year

Sena, an alumnus at Morgan Community College and a package designer in Coronado, California wants a mortgage to purchase something frivolous. Sena has instead chosen to obtain an installment loan for $4,000 and is at present seeking lenders like Citizens Commercial Trust and Savings Bank of Pasadena to provide it.

Sena’s Overall FICO score at the time of acceptance for a mortgage, taking into account their package designer job and their future career as an airfield operations specialist

Fico Score: 385

Sena was declined by Community First National Bank 7 times prior to being granted funding by Coronado First Bank at 801 Orange Avenue # 101

On April 1, 2013, Sena applied about borrowing $23,000 from Community First National Bank with Elenor, their in law from just outside Coronado, and even with the co-signer, Sena was rejected for this mortgage. With terrible credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Before applying for this mortgage, Sena had an Experian score of 404, which is terrible, so Coronado First Bank probably cannot provide Sena a mortgage

Experian Score: 404

Previous requests on Sena’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$26330.00 10 10.1% $349.41 Santa Monica Bank August 25, 2011
$26420.00 11 5.5% $267.21 Farmers and Merchants Bank of Long Beach August 9, 2013
$26410.00 4 9.6% $664.76 First Interstate Bank of California April 11, 2014
$25600.00 9 6.8% $317.57 Union Bank April 16, 2014

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $26,000.00 to $54,000.00. They are mainly used to pay off existing high interest loans like credit cards. Sena needed a debt consolidation loan to pay for their existing mortgage and their loan shark loan. Sena was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.2%.

Client Profile: Sena Fanner of Coronado, California
  • Full name (Changed if requested): Sena Fanner
  • Current Credit: loans.hit.utils.Fico@443b7951
  • Current City: Coronado
  • State: California
  • Zip code: 92127
  • Yearly income: $30,000
  • Current Job: package designer
  • Current County: San Diego
  • Goal Yearly Income: $89,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Conclusion of Sena’s mortgage

In the end, Sena was able to find a mortgage for $32000 with an interest rate of 11.8% interest APR from Coronado First Bank in Coronado, 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.