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Auto Loan Of $147000 For Bad Credit Texas Resident

$147000 Auto Loan – Bryan Texas, Credit Rating Of 488

  • Experian: 503 – They had a bad Experian score
  • Transunion: 475 – Blossom had a bad credit score with Transunion.
  • Equifax: Blossom’s Experian score was 488, which is a bad credit rating using the Experian system.

Installment loan for Blossom, a graduate of Everest University – North Orlando and a plant breeder working for over $71,000 per year

Blossom, an alumnus at Everest University – North Orlando and a plant breeder in Bryan, Texas wants an auto loan to purchase a new cell phone. Blossom has instead chosen to obtain an installment loan for $3,000 and is at present seeking lenders like Arrowhead Bank to provide it.

8 Months in the Past, Blossom Tried Finding a High Risk Loan for $41,000.00, and it was Easy

It is an existing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Blossom. Blossom chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit clients. Borrowers with credit scores as low as 440 can apply for a high risk loan and have a chance to be approved.

Personal Loan for a plant breeder named Blossom in Bryan, Texas to Pay Off American Boating Association Platinum Plus Visa Card with WorldPoints Rewards

Blossom had a tonne of credit card debt on their Coors Credit Union Fixed Rate Summit Platinum Visa and their OneCause Visa Platinum, and they were starting to get in over their heads. Despite Blossom’s job as a plant breeder, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Blossom was 22, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a chronology of Blossom’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on July 24, 2009
  • Attempt 2) Loan for $35,000.00 on November 13, 2011
  • Attempt 3) Loan for $36,000.00 on October 31, 2008
  • Attempt 4) Loan for $31,000.00 on June 12, 2009
  • Attempt 5) Loan for $35,000.00 on July 11, 2009
  • Attempt 6) Loan for $36,000.00 on June 29, 2010
  • Attempt 7) Loan for $28,000.00 on June 7, 2013

Blossom’s Transunion score was altered by the auto loan loan, changing to 475 from 488, which is typical in our experience.

Transunion Score: 475

Blossom has a very low current total income, but has several of prospects

Blossom has always wanted to be a purchasing agent, but would have to attend Everest University – North Orlando again to become one. Blossom has other possibilities as well, including carpet installer, construction manager, and computer hardware technician, which pay $59,000 through to $108,000 per year, on average. Because of this, we believe that Blossom can pay for this auto loan of $147000.

Paraphrased and Standardized Quote from Blossom for this auto loan of $147000, provided by The First National Bank of Bryan

Hello, I am Blossom and my hometown is Bryan in Texas. Brazos, county is where I grew up, and now I need a auto loan in Texas for $147000 to renovate my home. It wasn’t easy, but The First National Bank of Bryan really came through for me with this loan for 11.2% interest APR and a term of 21 years. I will repay the loan over the 21 year term, including interest. A big thanks to The First National Bank of Bryan for trusting me and my bad credit. It look me 4 years to create my credit to 488, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

Signature Loan easily acquired in Bryan, Texas for $147000 with bad credit by Blossom

A lot of prospective borrowers struggle with finding signature loans in Bryan, Texas, and Blossom is the same. Blossom went to 7 lending institutions or more before finding The First National Bank of Bryan, who offered Blossom a signature loan for $147000. Typical signature loans simply need a client, like Blossom’s signature to obtain them, up to $22,000 in some cases. Blossom was able to get $147000 as a auto loan, which is very high for an auto loan. Since signature loans don’t need collateral, these loans generally require better credit, as high as 762

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

Fast loans in Bryan, Texas aren’t actually that difficult to obtain, especially if you have some gumption like Blossom. Blossom was able to find a fast loan for $147000 from Citizens State Bank of Dalhart and Farmers State Bank of Madisonville, Texas, but turned down both offers in favor of their auto loan from The First National Bank of Bryan. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better if a client is in a pinch.

Many other requests for credit have been made by Blossom in the past, including one from Second Federal Savings and Loan Association of Philadelphia in Bryan, Texas before Blossom was approved for the $147000 by The First National Bank of Bryan

Blossom made 7 previous tries to obtain an auto loan, 2 of which were with Second Federal Savings and Loan Association of Philadelphia, a lender in Bryan, Texas known to specialize in auto loans specifically. Prior to finding The First National Bank of Bryan, Blossom was very concerned due to their inexperience and bad credit rating.

Blossom was rejected by Guaranty Bank & Trust, N.A. 4 times prior to being accepted by The First National Bank of Bryan at 2807 Texas Avenue

On May 17, 2011, Blossom applied about borrowing $43,000 from Eden State Bank with Melani, their friend from just outside Bryan, and even with the co-signer, Blossom was rejected for this auto loan. With bad credit, it can be challenging to procure financing, even with collateral and a co-signer.

Before applying for this auto loan, Blossom had an Experian score of 503, which is bad, so The First National Bank of Bryan likely cannot provide Blossom an auto loan

Experian Score: 503

Blossom’s Overall FICO score at the time of acceptance for an auto loan, taking into account their plant breeder job and their future job as a purchasing agent

Fico Score: 488

Contact Details for The First National Bank of Bryan, the provider of this auto loan

  • The First National Bank of Bryan
  • City: Bryan
  • State: Texas
  • Address: 2807 Texas Avenue
  • County: Brazos
  • Zip code: 77801

Previous requests on Blossom’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$147580.00 3 11.1% $4838.57 Comerica Bank July 8, 2010
$148280.00 9 5.2% $1722.12 First Star Bank, S.S.B. December 5, 2010
$148380.00 11 9.3% $1799.42 Brownfield State Bank & Trust Co. May 25, 2011
$148300.00 5 7.5% $2971.63 First Bank & Trust, Bryan, Texas July 4, 2014

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $33,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Blossom needed a debt consolidation loan to pay for their existing auto loan and their loan shark loan. Blossom was able to find a auto loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.2%.

Client Profile: Blossom Naveja of Bryan, Texas
  • Full name (Changed if requested): Blossom Naveja
  • Current Credit: loans.hit.utils.Fico@378fd1ac
  • Current City: Bryan
  • State: Texas
  • Zip code: 77808
  • Yearly income: $65,000
  • Current Job: plant breeder
  • Current County: Brazos
  • Goal Yearly Income: $115,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Conclusion of Blossom’s auto loan

In the end, Blossom was able to find an auto loan for $147000 with an interest rate of 8.2% interest APR from The First National Bank of Bryan in Bryan, Texas repayable over 21 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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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.