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Debt Consolidation Loan For $102000 Near 75248, Texas With A Credit Score Of 340

$102000 Debt Consolidation Loan – Dallas Texas, Credit Score Of 340

  • Experian: 352 – They had a terrible Experian rating
  • Transunion: 328 – Edmund had a terrible credit rating with Transunion.
  • Equifax: Edmund’s Experian score was 340, which is a terrible credit score using the Experian system.

Before applying for this debt consolidation loan, Edmund had an Experian score of 352, which is terrible, so FIRSTBANK most likely cannot provide Edmund a debt consolidation loan

Experian Score: 352

Edmund’s Transunion score was altered by the debt consolidation loan loan, changing to 328 from 340, which is typical in our experience.

Transunion Score: 328

Installment loan for Edmund, a graduate of Olivet Nazarene University and a sales representative working for over $78,000 per year

Edmund, an alumnus at Olivet Nazarene University and a sales representative in Dallas, Texas needs a debt consolidation loan to purchase something frivolous. Edmund has instead chosen to obtain an installment loan for $4,000 and is currently seeking lenders like First Bank & Trust of Clarendon to process their request.

Previous requests on Edmund’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$79490.00 5 5.7% $1525.7 Comerica Bank December 12, 2011
$79120.00 8 7.5% $1098.49 First Star Bank, S.S.B. September 8, 2012
$79410.00 6 11.5% $1531.91 Brownfield State Bank & Trust Co. February 21, 2013
$78800.00 3 8.4% $2483.87 First Bank & Trust, Bryan, Texas October 3, 2013

Edmund’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their sales representative job and their future career as a transit and railroad police

Fico Score: 340

Contact Details for FIRSTBANK, the provider of this debt consolidation loan

  • FIRSTBANK
  • City: Dallas
  • State: Texas
  • Address: 15150 Preston Road
  • County: Dallas
  • Zip code: 75248

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $31,000.00 to $44,000.00. They are normally used to pay off existing high interest loans like credit cards. Edmund required a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Edmund was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 4.0%.

Several previous requests for credit have been made by Edmund in the past, including one from First Interstate Bank of Colstrip in Dallas, Texas before Edmund was accepted for the $102000 by FIRSTBANK

Edmund made 6 prior attempts to obtain a debt consolidation loan, 2 of which were with First Interstate Bank of Colstrip, a lender in Dallas, Texas known to specialize in debt consolidation loans specifically. Prior to finding FIRSTBANK, Edmund was concerned due to their inexperience and terrible credit score.

Paraphrased and Standardized Quote from Edmund for this debt consolidation loan of $102000, provided by FIRSTBANK

Hello, I am Edmund and I’m from Dallas in Texas. Dallas, county is where I grew up, and now I need a debt consolidation loan in Texas for $102000 to buy a car. It wasn’t easy, but FIRSTBANK really came through for me with this loan for 7.0% interest APR and a term of 2 years. I can repay the loan over the 2 year term, including interest. A big thanks to FIRSTBANK for giving me a chance and my terrible credit. It look me 5 years to create my credit to 340, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

7 Months in the Past, Edmund Attempted Finding a High Risk Loan for $49,000.00, and it was Hard

It is an existing struggle for clients to get high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Edmund. Edmund chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Clients with credit ratings as low as 528 can apply for a high risk loan and may be be approved.

Signature Loan acquired in Dallas, Texas for $102000 with terrible credit by Edmund

Most clients have difficulty with obtaining signature loans in Dallas, Texas, and Edmund is not an exception. Edmund went to 4 lenders or more before settling on FIRSTBANK, who offered Edmund a signature loan for $102000. Typical signature loans simply need a client, like Edmund’s signature to obtain them, up to $28,000 in some cases. Edmund was able to get $102000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans do not need collateral, these loans generally need better credit, as high as 706

When Edmund was 23, they attempted to obtain a student loan from 4 different banks, which harmed their credit rating. Below is a list of Edmund’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on March 16, 2012
  • Attempt 2) Loan for $37,000.00 on May 27, 2012
  • Attempt 3) Loan for $29,000.00 on December 18, 2009
  • Attempt 4) Loan for $26,000.00 on July 9, 2012

Edmund was not approved by Arrowhead Bank 6 times before being granted funding by FIRSTBANK at 15150 Preston Road

On February 18, 2012, Edmund applied about borrowing $32,000 from First State Bank of Matador with Lynna, their friend from just outside Dallas, and even with the co-signer, Edmund was rejected for this debt consolidation loan. With terrible credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Fast Loans for Edmund in Dallas, Texas to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Dallas, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Edmund. Edmund was able to find a fast loan for $102000 from Guaranty Bank & Trust Company and MBank Greenville, National Association, but turned down both offers in favor of their debt consolidation loan from FIRSTBANK. 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 personal loans. An improvement if a client is in a pinch.

Personal Loan for a sales representative named Edmund in Dallas, Texas to Pay Off Sportsman’s Warehouse Rewards Visa Card

Edmund had a tonne of credit card debt on their Atlantic Stewardship Bank Credit Card and their Founders FCU Platinum MasterCard, and they were starting to get in over their heads. Despite Edmund’s job as a sales representative, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Edmund Greenweig of Dallas, Texas
  • Full name (Changed if requested): Edmund Greenweig
  • Current Credit: loans.hit.utils.Fico@51521cc1
  • Current City: Dallas
  • State: Texas
  • Zip code: 75251
  • Yearly income: $36,000
  • Current Job: sales representative
  • Current County: Dallas
  • Goal Yearly Income: $122,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Edmund has a very low current yearly income, but has a high number of prospects

Edmund has always wanted to be a transit and railroad police, but would have to attend Olivet Nazarene University again to become one. Edmund has other prospects as well, including dispatcher, legislative assistant, and casino surveillance officer, which pay $57,000 through to $95,000 per year, on average. For this reason, we believe that Edmund can pay for this debt consolidation loan of $102000.

Conclusion of Edmund’s debt consolidation loan

In the end, Edmund was able to find a debt consolidation loan for $102000 with an interest rate of 8.6% interest APR from FIRSTBANK in Dallas, Texas repayable over 2 years from now.

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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