$96000 Mortgage – Salem Oregon, Credit Rating Of 323
- Experian: 338 – This individual had a terrible Experian score
- Transunion: 311 – Mikel had a terrible credit score with Transunion.
- Equifax: Mikel’s Experian score was 323, which is a terrible credit score with the Experian system.
Fast Loans for Mikel in Salem, Oregon to prevent bankruptcy or harm from debt collectors.
Fast loans in Salem, Oregon aren’t actually that difficult to obtain, particularly if you have some finesse like Mikel. Mikel was able to find a fast loan for $96000 from First National Bank of Harrisburg and Bank of St. Helens, but turned down both offers in favor of their mortgage from Citizens Savings and Loan Association, A Federal Savings and Loan Associ. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement if you are in a time sensitive situation.
- Full name (Changed if requested): Mikel Sherrod
- Current Credit: loans.hit.utils.Fico@722c41f4
- Current City: Salem
- State: Oregon
- Zip code: 97310
- Yearly income: $32,000
- Current Job: preschool administrator
- Current County: Marion
- Goal Yearly Income: $103,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000
Mikel was declined by National Security Bank 4 times prior to being granted funding by Citizens Savings and Loan Association, A Federal Savings and Loan Associ at 603 Chemeketa
On July 7, 2012, Mikel inquired about borrowing $47,000 from Lane County Bank, Florence, Oregon with Essie, their friend from just outside Salem, and even with the co-signer, Mikel was rejected for this mortgage. With terrible credit, it can be very hard to obtain financing, even with collateral and a co-signer.
7 Months Ago, Mikel Tried Finding a High Risk Loan for $44,000.00, and it was Hard
There is an ongoing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Mikel. Mikel chose not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Borrowers with credit scores as low as 556 can inquire for a high risk loan and may be be approved.
Paraphrased and Standardized Quote from Mikel for this mortgage of $96000, provided by Citizens Savings and Loan Association, A Federal Savings and Loan Associ
Hi, I am Mikel and I’m from Salem in Oregon. Marion, county is where I grew up, and now I need a mortgage in Oregon for $96000 to avoid bankruptcy. It has been difficult, but Citizens Savings and Loan Association, A Federal Savings and Loan Associ really came through for me with this loan for 11.4% interest APR and a term of 3 years. I can probably repay the loan over the 3 year term, including interest. A big thanks to Citizens Savings and Loan Association, A Federal Savings and Loan Associ for trusting me and my terrible credit. It look me 7 years to build my credit to 323, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.
Mikel has a very low current yearly income, but has several of prospects
Mikel has always wanted to be a hardwood floor finisher, but would have to attend St. Elizabeth College of Nursing again to become one. Mikel has other prospects as well, including food batchmaker, pediatrician, and forensics psychologist, which pay $52,000 through to $105,000 per year, on average. For this reason, we believe that Mikel can pay for this mortgage of $96000.
Contact Details for Citizens Savings and Loan Association, A Federal Savings and Loan Associ, the provider of this mortgage
- Citizens Savings and Loan Association, A Federal Savings and Loan Associ
- City: Salem
- State: Oregon
- Address: 603 Chemeketa
- County: Marion
- Zip code: 97301
Mikel’s Overall FICO score at the time of acceptance for a mortgage, taking into account their preschool administrator job and their future career as a hardwood floor finisher
Many other requests for credit have been made by Mikel in the past, including one from New East Bank of the Albemarle in Salem, Oregon before Mikel was approved for the $96000 by Citizens Savings and Loan Association, A Federal Savings and Loan Associ
Mikel made 9 previous tries to obtain a mortgage, 2 of which were with New East Bank of the Albemarle, a bank in Salem, Oregon known to specialize in mortgages specifically. Before finding Citizens Savings and Loan Association, A Federal Savings and Loan Associ, Mikel was concerned due to their inexperience and terrible credit score.
Personal Loan for a preschool administrator named Mikel in Salem, Oregon to Pay Off MCU Visa Gold
Mikel had a lot of credit card debt on their Associated Bank Visa Business Bonus Rewards Card and their Fidelity Retirement Rewards American Express, and they were starting to get in over their heads. Despite Mikel’s job as a preschool administrator, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Mikel’s Transunion score was altered by the mortgage loan, changing to 311 from 323, which is typical in our experience.
Installment loan for Mikel, a graduate of St. Elizabeth College of Nursing and a preschool administrator working for over $72,000 per year
Mikel, an alumnus at St. Elizabeth College of Nursing and a preschool administrator in Salem, Oregon wants a mortgage to purchase a new cell phone. Mikel has instead chosen to obtain an installment loan for $27,000 and is at present seeking lenders like United States National Bank of Oregon to provide it.
Signature Loan found in Salem, Oregon for $96000 with terrible credit by Mikel
Most prospective borrowers struggle with obtaining signature loans in Salem, Oregon, and Mikel is the same. Mikel went to 7 lenders or more prior to finding Citizens Savings and Loan Association, A Federal Savings and Loan Associ, who offered Mikel a signature loan for $96000. Typical signature loans simply need a client, like Mikel’s signature to obtain them, up to $43,000 in some cases. Mikel was able to get $96000 as a mortgage, which is very high for a mortgage. Because signature loans do not require a cosigner, these loans generally need improved credit, as high as 755
Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $26,000.00 to $42,000.00. They are mainly used to pay off existing high interest loans like credit cards. Mikel needed a debt consolidation loan to pay for their existing mortgage and their payday loan. Mikel was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.7%.
When Mikel was 24, they tried to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a list of Mikel’s previous attempts at finding a student loan:
- Attempt 1) Loan for $35,000.00 on November 3, 2011
- Attempt 2) Loan for $36,000.00 on December 9, 2010
- Attempt 3) Loan for $22,000.00 on March 22, 2012
- Attempt 4) Loan for $21,000.00 on April 5, 2011
- Attempt 5) Loan for $25,000.00 on January 4, 2014
Previous requests on Mikel’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$90180.00||6||10.6%||$1698.07||Polk County State Bank||February 17, 2012|
|$90140.00||7||7.4%||$1378.15||Pacific Western Bank||May 11, 2012|
|$90230.00||3||5.3%||$2716.44||West Coast Bank||April 17, 2014|
|$90150.00||9||6.3%||$1095.74||The Valley National Bank of Oregon||August 20, 2014|
|$89860.00||10||10.2%||$1197.48||Umpqua National Bank||December 31, 2014|
Before applying for this mortgage, Mikel had an Experian score of 338, which is terrible, so Citizens Savings and Loan Association, A Federal Savings and Loan Associ probably cannot provide Mikel a mortgage
Conclusion of Mikel’s mortgage
In the end, Mikel was able to find a mortgage for $96000 with an interest rate of 5.8% interest APR from Citizens Savings and Loan Association, A Federal Savings and Loan Associ in Salem, Oregon repayable over 3 years from now.