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$30000 Student Loan With Terrible Credit In San Francisco California

$30000 Student Loan – San Francisco California, Credit Score Of 394

  • Experian: 410 – The client had a terrible Experian rating
  • Transunion: 375 – Maren had a terrible credit rating with Transunion.
  • Equifax: Maren’s Experian score was 394, which is a terrible credit rating with the Experian scale.

Signature Loan acquired in San Francisco, California for $30000 with terrible credit by Maren

Most borrowers struggle with obtaining signature loans in San Francisco, California, and Maren is no exception. Maren went to 5 lending institutions or more prior to finding Bank of Canton of California, who offered Maren a signature loan for $30000. Typical signature loans simply require a client, like Maren’s signature to obtain them, up to $44,000 in some cases. Maren was able to get $30000 as a student loan, which is very high for a student loan. Because signature loans do not need a cosigner, they tend to need higher credit, as high as 785

Previous requests on Maren’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$147420.00 3 5.3% $4438.19 Santa Monica Bank April 18, 2014
$146670.00 9 11.6% $2194.12 Farmers and Merchants Bank of Long Beach June 23, 2014
$147190.00 7 10.6% $2489.4 First Interstate Bank of California March 15, 2015
$147200.00 11 9.7% $1818.03 Union Bank August 12, 2015
$146520.00 7 6.5% $2175.74 Citizens Commercial Trust and Savings Bank of Pasadena August 19, 2015

Maren’s Transunion score was changed by the student loan loan, changing to 375 from 394, which is normal in our experience.

Transunion Score: 375

9 Months Ago, Maren Tried Finding a High Risk Loan for $40,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Maren. Maren chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Clients with credit ratings as low as 331 can inquire for a high risk loan and have a chance to be accepted.

Maren’s Overall FICO score at the time of acceptance for a student loan, taking into account their math professor job and their future career as a student admissions administrator

Fico Score: 394

Multiple previous requests for credit have been made by Maren in the past, including one from Community First Bank, Inc. in San Francisco, California before Maren was accepted for the $30000 by Bank of Canton of California

Maren made 6 previous attempts to obtain a student loan, 2 of which were with Community First Bank, Inc., a lending institution in San Francisco, California known to specialize in student loans specifically. Prior to finding Bank of Canton of California, Maren was concerned due to their inexperience and terrible credit rating.

Maren was declined by Farmers & Merchants Bank of Central California 6 times prior to being granted funding by Bank of Canton of California at 555 Montgomery Street

On April 12, 2009, Maren applied about borrowing $13,000 from First Northern Bank of Dixon with Janiece, their friend from just outside San Francisco, and even with the co-signer, Maren was rejected for this student loan. With terrible credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Maren for this student loan of $30000, provided by Bank of Canton of California

Hello, I am Maren and I’m from San Francisco in California. San Francisco, county is where I grew up, and now I need a student loan in California for $30000 to renovate my home. It has been difficult, but Bank of Canton of California really came through for me with this loan for 5.1% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to Bank of Canton of California for trusting me and my terrible credit. It look me 9 years to build my credit to 394, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans range from $21,000.00 to $42,000.00. They are mainly used to pay off existing high interest loans like credit cards. Maren required a debt consolidation loan to pay for their existing student loan and their payday loan. Maren was able to find a student loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.3%.

Personal Loan for a math professor named Maren in San Francisco, California to Pay Off Norwegian Cruise Line World MasterCard Credit Card

Maren had a tonne of credit card debt on their LANPASS Visa Secured Card and their Berkshire Municipal Bank Visa Business Card, and they were starting to get in over their heads. Despite Maren’s job as a math professor, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Fast Loans for Maren in San Francisco, California to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in San Francisco, California aren’t actually that difficult to obtain, particularly if you have some gumption like Maren. Maren was able to find a fast loan for $30000 from Bank of Stockton and First Trust Bank, but turned down both offers in favor of their student loan from Bank of Canton of California. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big improvement in the case that a client is in a pinch.

Installment loan for Maren, a graduate of University of the Incarnate Word and a math professor working for over $72,000 per year

Maren, an alumnus at University of the Incarnate Word and a math professor in San Francisco, California needs a student loan to purchase a new cell phone. Maren has instead chosen to obtain an installment loan for $22,000 and is currently seeking lenders like Community First National Bank to provide it.

Client Profile: Maren Conkling of San Francisco, California
  • Full name (Changed if requested): Maren Conkling
  • Current Credit: loans.hit.utils.Fico@6267c3bb
  • Current City: San Francisco
  • State: California
  • Zip code: 94118
  • Yearly income: $47,000
  • Current Job: math professor
  • Current County: San Francisco
  • Goal Yearly Income: $81,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

When Maren was 21, they attempted to obtain a student loan from 7 different banks, which damaged their credit rating. Below is a chronology of Maren’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on June 27, 2012
  • Attempt 2) Loan for $22,000.00 on April 9, 2011
  • Attempt 3) Loan for $20,000.00 on July 8, 2011
  • Attempt 4) Loan for $21,000.00 on May 2, 2010
  • Attempt 5) Loan for $21,000.00 on October 31, 2011
  • Attempt 6) Loan for $35,000.00 on June 22, 2009
  • Attempt 7) Loan for $21,000.00 on November 27, 2011

Before applying for this student loan, Maren had an Experian score of 410, which is terrible, so Bank of Canton of California likely can provide Maren a student loan

Experian Score: 410

Maren has a sad current total income, but has a large amount of prospects

Maren has always wanted to be a student admissions administrator, but would need attend University of the Incarnate Word again to achieve it. Maren has other prospects as well, including technical & scientific publications editor, platemakers, and foreign service officer, which pay $59,000 through to $107,000 per year, at least. Because of this, we believe that Maren can afford this student loan of $30000.

Contact Details for Bank of Canton of California, the provider of this student loan

  • Bank of Canton of California
  • City: San Francisco
  • State: California
  • Address: 555 Montgomery Street
  • County: San Francisco
  • Zip code: 94111

Conclusion of Maren’s student loan

In the end, Maren was able to find a student loan for $30000 with an interest rate of 9.4% interest APR from Bank of Canton of California in San Francisco, California repayable over 3 years from today.

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.