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$50,000 – $70,000 Debt Consolidation for People With Bad Credit – National City/San Diego

This debt consolidation loan request was submitted by an applicant – Brad H. (last name removed for privacy) who lives in National City, Ca. He works anywhere in the San Diego County area, and he needs a fairly healthy chunk of cash to pay of credit card.

He is asking for between 50K and 70k which is always a concern because why does the applicant claim they require such a varying a sum of money, and why do they need the loan approved in such a hurry. We don’t like to see vague loan apps come through. The borrower should know full well the exact amount of money they need – to the penny actually. It doesn’t give lenders a fuzzy feeling in their belly when they receive loan requests like these.

$50,000 – $70,000 Debt Consolidation for People With Bad Credit – National City/San Diego – Introduction

The applicant is self-employed, and has a really bad credit rating (so he thought, because the credit check we carried out has him at a FICO of 660 – no THAT bad). Self employed applicant usually have a tougher time getting approved for consolidations, but if they have proof of income for the last 2 years, and their DTI is not that whacked out, they can still get approved.

We have not heard back from our staff member(s) up in the San Diego office, but we will update this application later when we find out the lender ends up being. That is if there are any willing lenders we can find for this client.

One thing for sure is that the interest this borrower is going to pay will be substantial. We’re looking at an APR of over 12 percent and a shorter term of 5 years. The interest and payment schedule make this a very costly consolidation indeed. The payment schedule on this private loan will be biweekly. We are noticing that private lenders who have much invested in consumer financing need to see a biweekly payment to feel good about their note.

Debt Consolidation for People With Bad Credit – The Application

Debt Consolidation Loan Amount :: Between $50,000 and $70,000 dollars. I have a very poor credit rating now thanks to some unwise purchases over the last few months – got caught up in the Christmas spirit way too much and now I (we) are paying a price for our “fun”. The tree was very full this year and everyone had a good time, but now I’m paying the price in a very big way.

Personal Loan Application and Processing Speed :: Please qualify my debt consolidation request lickety split. I need to get this loan very quickly in order to avert any kind of really bad credit rating problems that may arise from my inability to pay down these high interest credit card debts I have accumulated over the holiday season of 2010.

What do you need this loan for? :: Visa Mastercard and American Express debts that are too high and no longer manageable. My debt is spiraling out of control and I have no where else to turn at this exact time and place. The situation is getting dire as collectors are beginning to call and bother me and my family. Very embarrassing getting these calls from collectors. I didn’t want my kids to see us handling our money so badly. I need to get approved ASAP so I can start sleeping and breathing easier again.

What City/Town, State and County do you live in? :: National City (South of San Diego), California, San Diego Cty.

Zip :: 91950

$50,000 – $70,000 Debt Consolidation for People With Bad Credit – Applicant Employment Background

What is your employment field? :: I’m an interior decorator and have been in the field for the 5 years as of this March. I have a dozen repeat customers but business has been slow for me and my wife. We both work together, and this last 2010 was the slowest year we have had in a long time. Even worse than 2009 and 2008 when the economy was supposedly really really bad. I use to work for other companies as an employee, then a contract employee, and now my wife and I have our own interior decorating and design company based in National City, CA.

We do most of our work in San Diego though as far as repeat customers.

Employment Position :: Owner, CEO of LLC

When are you paid? :: Depends completely on how much business we do on any given month, but I always pay myself a base pay on the first day of each month for $8500.

Your credit rating to be – excellent, fair, or bad? :: Bad credit because of high credit card debt, line of credit debt, overdraft debt, and department store card debts. I’m a “valued customer.” 😉

How did you find us? :: Using Google search engine from my office in National City

Bank Name and Branch :: Union Bank – East 8th Street Branch

How are you paid? :: I get paid every fortnight with a direct deposit directly from my employer’s (US!) accounts to my checking account at the Union Bank in National City. Branch above…

Gross Amount Per Paycheck :: $8500 monthly. I have documentation from the bank to 100% prove it.

Do you agree to have this information published online, minus your PRIVATE information? :: No problem. Yes.

Any extra information here please :: I would muchly appreciate your quick response to this loan request because I am in desperate need for this consolidation. My personal finances are horrible right now and the stress is crippling my ability to work, live, sleep, eat, and function in any normal way. REALLY!!!

Note to Lender(s) – Debt Consolidation for Borrowers With Bad Credit

Note to Lender :: Hello David, please take a look at this debt consolidation for this applicant who is based in National City – San Diego. he need to consolidate all of his credit cards and other high-apr debt(s). His DTI (debt to income ratio) is pretty horrendous, but please look at the numbers on this and let us know some time today if we have any lenders that will consider his loan request and hopefully qualify him. His name is Brad H. (full name emailed to you).

It seems to me we used have a private lender in San Diego that would approve personal loans this size if the borrower had a viable monthly income, and the applicant was completely truthful in their full app disclosure process. Let us know at my office email before 2PM Pacific please.

P.S. – got an extra ticket for the Lakers next game – you in???