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$15,000 Dollar Student Loan in East Los Angeles

This student loan application was submitted by a web developer who lives and works in East Los Angeles. She wants to get some more education in her related vocation of computers and web design. She is requesting a total student loan of $15,000 to take some part time courses through the next couple of years.

Andrea has been researching ways and places to find a student loan on the Internet and is doing the right thing by checking different lenders and who provide educational funding either online or from an office in L.A. Research always pays dividends so we wish we had an email exchange regarding available student loans in her neck of the woods.

Andrea first tried the community colleges to see if there were any suitable course studies or programs she could enroll in. A great start.

She found California Loan Find during her Internet hunt for a low interest student loan that she could pay back over a period of 24 months. A $15,000 private loan for education purposes is not very much in the long run, as any student would know who has paid for a degree, or every had to get financial aid.

It’s also very expensive in APR too if you have a very large student loan (say between $50,000 and $100,000) and the weight of that kind of debt is crushing. That kind of student loan debt is REALLY stressful if you don’t land a high paying job after you graduate. This is why this applicant is “using her head” the right way and trying to borrow a modest amount of money – a smaller loan at a lower APR for a short term (in this case only 2 years time).

You can see the loan specialist’s recommendations below and you will see that he feels the same way. Andrea was granted approval for this loan based on her employment record, and most of all , her recent credit history which decent. She has a FICO score in the high six hundreds which is higher than most applicants these days.

So below is the initial short version of the student loan application for your reading. Andrea did agree to have it published here at California Loan Find as long as we protected her privacy. As a result she wants to pay back the loan over period of 24 months (2 years) and find a lender in Los Angeles

$15,000 Dollar Student Loan in East Los Angeles – The Application

Loan Product Description :: Student loan for $15,000 – over a 2 year period.

Why do you need a loan? :: I want to go back to school part time to get a software development certificate. I have a new opportunity this new year to change departments within the company I am employed with now. The new field pays more money to the extent that I would be making more that 20% more month each month. This is my future goal.

I want to increase my income (which I can do once I have the upgraded education) and then marry my fiance, and have children. We plan to leave East L.A. once and for all. We plan to move to Lancaster, Ca and move near my parents so we can have free daycare costs and the help family can provide while we raise our family. The new job will be based right in Lancaster, so we would be living close enough to my office that I don’t even need a car to get to work.

The plan has been well thought out, so I hope I can get this student loan approved and funded before the new year. I will then enroll for spring classes as the course studies starts then. It will be “Bob’s Your Uncle” after that if all goes as planned, I don’t see any reason why this can’t be a go. Thanks for your time in considering this application today.

How Much Do You Want To Borrow? :: $15,000 dollars

Student Loan in East Los Angeles – Employment History

Your employment field :: I’m a web site builder and have been since 1999 before it was that cool to me working in the Internet field. I love my work and there is never any shortage of employment in my exact field of expertise. Currently have full time job with a good company located in the valley.

I have excellent employer reviews and can provide documentation of my job security with the company I work for, just in case you need to see proof of my employment security.

Your job title :: Web Developer

Length of Employment :: Two years and 5 months

Time at Address :: 3 years and 2 months

Age :: 24

Anything else you can tell us to speed up approval? :: Sure. I can drive down to your office to meet your lending specialist today if you want to get this wrapped up this week. I’ll be sure to bring all the necessary documentation with me. I provided attachments with the email I sent, and I’ve already spoken with someone from your customers service department. I’m doing everything I can do move my loan application through as fast as possible.

Sex :: Female

Marital Status :: Engaged to be married, so single technically

Ever Claimed Bankrupcty? :: No

What City/Town, County/Parish/District/Burrough, and State is your primary address? :: East Los Angeles, L.A.

Zip: 90022

$15,000 Student Loan – East L.A. – Good Credit Rating

Have you checked your credit report lately? :: Yes and it’s not that bad. FICO 680. Actually that is fairly good from what I have been reading on the credit reports and FICO scores (Fair Isaac right) I used Credit Karma to find out what it is.

Would you consider your credit rating to be? :: Good

Collateral? :: N/A

Down Payment? :: N/A

If down payment, how much? Explain please. :: N/A

Do you a have co-signer or co-borrower? :: No – don’t think that will be required because my credit is good and I have always made the payments to all my creditors like clock work.

East Los Angeles Student Loan Concluded Application

Loan Officer Conclusion(s) :: Just gathering some more information with this applicant. She is coming down to our office for an client interview and she is bringing all of her most up to date financial information, personal information, and most recent pay stub from her employer. We don’t see any problem with the approval of this applicants loan request.