This is a short application from one of our visitors, and it was a common app really. There are so many Americans out there now trying to get approved for a personal loan, even though they have bad credit. It’s sadly a story that is getting more and more common every day, as the economy slow down of 2008 is lasting into 2011 and perhaps even longer.
The amount of personal debt in the United States (and in Bakersfield for this example) is pathetic to say the least. Really don’t know why people allow themselves to get into so much debt, and end up begging for a bad credit loan and sometimes excepting APR (annual percentage rate) of over 15%.
This particular loan request is classic because he needs to pay of all of his credit card debt(s) in one full swoop. This is usually a debt consolidation loan, but some folks can’t approved for a DCL even. They end up just trying to get a high-yield loan with a high APR to pay off their bad credit card debts and do a bundle on it. This is not much of a gain if your APR is anything close 18%, then you might as well not even bother with the process.
If you are in the same position, I recommend you try and get a low APR with a true debt consolidation loan with a debt consolidation organization (for profit, or non-profit – either way). But, back to our applicant again.
Below this short-form app is a calculation of a $10,000 loan if you are carrying an APR of 14%, and I want you to look at the actual amount of interest paid over the term, and the amount of each payment.
Bad Credit Personal Loan – The Short Application
Personal Loan Amount :: $10,000
Personal Loan Application and Processing Speed :: ASAP
What do you need this loan for? :: Pay of credit cards
What City/Town, State do you live in? :: Bakersfield, California
Your credit rating to be – excellent, fair, or bad? :: Very poor to horrible
How did you find us? :: Using Google
Bad Credit Personal Loan – Calculation
Total Amount to be paid: $12,157.93
Total amount of interest $2,157.93
Monthly Payments: $333.09
12 thoughts on “Bad Credit Personal Loan in Bakersfield, California ($10,000)”
I need a personal loan ASAP contact me plz
I am desperate I am behind in my rent and need a loan badly my household makes about 2,500-3,000 per month and our rent is 1,200. We had gotten behind when my husband had gotten injured at work, we are trying to play “catch-up” but so far we have not been to get ahead, while still paying current and back. With a loan we could become up to date, maybe even ahead where we would be able to pay the loan back and live comfortably without worrying about eviction. Thank you.
I need a loan to pay off outstanding debt. I am 23, I am about to lose my car, house, and have to drop out of school. I need a loan for 8,000-10,000 dollars with 18% interest and can pay 239.00 a month (will pay more but no more than 400.00) by next week. Please, help me find a loan center or if you may contact me by email.
I need a loan to pay off outstanding debt. I am 23, I am about to lose my car, house, and have to drop out of school. I need a loan for 8,000-10,000 dollars with 18% interest and can pay 239.00 a month (will pay more but no more than 400.00) by next week. Please, help me find a loan center or if you may contact me by email ( Bmaquarjr@gmail.com )
I need to get a loan asap could you please email me Ty
Please help I am looking desperate for a 10.000 loan I work full time
my credit score is 645 please let me know if i qualify. Merry C.
I CAME INTO HARD TIMES WHEN I GOT DIVORCED NOW I HAVE BAD CREDIT AND CANT GET A LOAN IM DESPERATE AND NEED A LOAN ,IM FULL TIME EMPLOYED AND CAN REPAY A LOAN BUT I JUST CANT GET ONE ANYWHERE DUE TO MY CREDIT PLEASE HELP ME .IM IN NEED OF 6000.00 .PLEASE HELP.
I have terreble credit and I need a personal loan of 7500 A.S.AP can someone help me please!!!!!