$111000 Quick Loan – Chula Vista California, Credit Rating Of 479
- Experian: 492 – They had a bad Experian rating
- Transunion: 460 – Margurite had a bad credit rating with Transunion.
- Equifax: Margurite’s Experian score was 479, which is a bad credit score on the Experian scale.
Paraphrased and Standardized Quote from Margurite for this quick loan of $111000, provided by Pacific Commerce Bank
Hi, I am Margurite and I am from Chula Vista in California. San Diego, county is where I grew up, and now I need a quick loan in California for $111000 to buy a big ticket item. It has been difficult, but Pacific Commerce Bank really came through for me with this loan for 11.2% interest APR and a term of 16 years. I will repay the loan over the 16 year term, including interest. A big thanks to Pacific Commerce Bank for giving me a chance and my bad credit. It look me 4 years to build my credit to 479, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.
Previous requests on Margurite’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$86330.00||5||5.7%||$1656.98||Santa Monica Bank||January 21, 2012|
|$85800.00||6||11.7%||$1664.05||Farmers and Merchants Bank of Long Beach||October 23, 2012|
|$86120.00||11||5.7%||$879.69||First Interstate Bank of California||June 18, 2013|
|$85720.00||7||10.4%||$1440.83||Union Bank||August 11, 2013|
Margurite has a sad current yearly income, but has a large amount of prospects
Margurite has always wanted to be a cook, but would have to attend College of Saint Scholastica again to achieve it. Margurite has other prospects as well, including occupational therapist, artists agent, and building inspector, which pay $58,000 through to $108,000 per year, at least. Because of this, we think that Margurite can afford this quick loan of $111000.
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans range from $25,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Margurite required a debt consolidation loan to pay for their existing quick loan and their credit card. Margurite was able to find a quick loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 4.1%.
Contact Details for Pacific Commerce Bank, the provider of this quick loan
- Pacific Commerce Bank
- City: Chula Vista
- State: California
- Address: 1196 Third Avenue
- County: San Diego
- Zip code: 91911
- Full name (Changed if requested): Margurite Hollerman
- Current Credit: loans.hit.utils.Fico@533ddba
- Current City: Chula Vista
- State: California
- Zip code: 91916
- Yearly income: $51,000
- Current Job: landscape architect
- Current County: San Diego
- Goal Yearly Income: $80,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
When Margurite was 20, they tried to obtain a student loan from 6 alternate banks, which damaged their credit rating. Below is a list of Margurite’s prior attempts at finding a student loan:
- Attempt 1) Loan for $36,000.00 on May 27, 2010
- Attempt 2) Loan for $38,000.00 on February 24, 2010
- Attempt 3) Loan for $35,000.00 on June 21, 2009
- Attempt 4) Loan for $28,000.00 on April 2, 2012
- Attempt 5) Loan for $30,000.00 on January 10, 2009
- Attempt 6) Loan for $22,000.00 on December 18, 2009
Installment loan for Margurite, a graduate of College of Saint Scholastica and a landscape architect working for over $70,000 per year
Margurite, an alumnus at College of Saint Scholastica and a landscape architect in Chula Vista, California wants a quick loan to purchase a new cell phone. Margurite has instead decided to obtain an installment loan for $6,000 and is currently seeking lenders like Farmers and Merchants Bank of Long Beach to provide it.
Signature Loan easily acquired in Chula Vista, California for $111000 with bad credit by Margurite
A lot of prospective borrowers have difficulty with obtaining signature loans in Chula Vista, California, and Margurite is the same. Margurite went to 8 lenders or more prior to settling on Pacific Commerce Bank, who offered Margurite a signature loan for $111000. Typical signature loans simply need a client, like Margurite’s signature to obtain them, up to $20,000 in some cases. Margurite was able to get $111000 as a quick loan, which is very high for a quick loan. Because signature loans do not require collateral, these loans generally need improved credit, as high as 768
Margurite’s Transunion score was changed by the quick loan loan, changing to 460 from 479, which is normal in our experience.
Before applying for this quick loan, Margurite had an Experian score of 492, which is bad, so Pacific Commerce Bank most likely cannot provide Margurite a quick loan
Margurite was declined by The First National Bank of Orange County 5 times before being approved by Pacific Commerce Bank at 1196 Third Avenue
On March 15, 2013, Margurite inquired about borrowing $39,000 from U.S. Bank of California with Bruna, their friend from just outside Chula Vista, and even with the co-signer, Margurite was rejected for this quick loan. With bad credit, it can be a challenge to obtain funding, even with collateral and a co-signer.
9 Months in the Past, Margurite Tried to Find a High Risk Loan for $38,000.00, and it was Hard
It is an well known 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 physically harmful to borrowers like Margurite. Margurite chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Clients with credit ratings as low as 335 can apply for a high risk loan and may be be accepted.
Personal Loan for a landscape architect named Margurite in Chula Vista, California to Pay Off H-E-B MasterCard
Margurite had a tonne of credit card debt on their Woman Within Platinum Card and their Diamond Resorts International MasterCard, and they were starting to get in over their heads. Despite Margurite’s job as a landscape architect, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Margurite’s Overall FICO score at the time of acceptance for a quick loan, taking into account their landscape architect job and their future career as a cook
Multiple past requests for credit have been made by Margurite in the past, including one from First National Bank of Hereford in Chula Vista, California before Margurite was accepted for the $111000 by Pacific Commerce Bank
Margurite made 6 previous tries to obtain a quick loan, 2 of which were with First National Bank of Hereford, a lender in Chula Vista, California known to specialize in quick loans specifically. Before finding Pacific Commerce Bank, Margurite was very concerned due to their inexperience and bad credit score.
Fast Loans for Margurite in Chula Vista, California to prevent bankruptcy or harm from debt collectors.
Fast loans in Chula Vista, California aren’t actually that difficult to obtain, particularly if you have some gumption like Margurite. Margurite was able to find a fast loan for $111000 from Central Bank and Union Bank, but turned down both offers in favor of their quick loan from Pacific Commerce Bank. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big difference in the case that a client is in a pinch.
Conclusion of Margurite’s quick loan
In the end, Margurite was able to find a quick loan for $111000 with an interest rate of 11.8% interest APR from Pacific Commerce Bank in Chula Vista, California repayable over 16 years from today.