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Consolidation Loan For $76000 Near 77027, Texas With A Credit Score Of 704

$76000 Consolidation Loan – Houston Texas, Credit Rating Of 704

  • Experian: 723 – The client had a good Experian score
  • Transunion: 689 – Marcela had a good credit rating with Transunion.
  • Equifax: Marcela’s Experian score was 704, which is a good credit rating using the Experian scale.

Installment loan for Marcela, a graduate of Mount St Mary’s University and a sales representative working for over $74,000 per year

Marcela, an alumnus at Mount St Mary’s University and a sales representative in Houston, Texas wants a consolidation loan to purchase a house. Marcela has instead chosen to get an installment loan for $8,000 and is currently seeking lenders like Austin Bank, Rusk, Texas to provide it.

Marcela’s Transunion score was changed by the consolidation loan loan, changing to 689 from 704, which is normal in our experience.

Transunion Score: 689

Debt Consolidation Will Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $20,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Marcela required a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Marcela was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your less desirable, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 4.2%.

Paraphrased and Standardized Quote from Marcela for this consolidation loan of $76000, provided by Meritbanc Savings Association

Hello, I am Marcela and my hometown is Houston in Texas. Harris, county is where I grew up, and now I need a consolidation loan in Texas for $76000 to buy a big ticket item. It wasn’t easy, but Meritbanc Savings Association really came through for me with this loan for 7.8% interest APR and a term of 24 years. I can repay the loan over the 24 year term, including interest. A big thanks to Meritbanc Savings Association for giving me a chance and my good credit. It look me 4 years to build my credit to 704, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Fast Loans for Marcela in Houston, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Houston, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Marcela. Marcela was able to find a fast loan for $76000 from The Bank and Trust, S.S.B. and Brownfield State Bank & Trust Co., but declined both offers in favor of their consolidation loan from Meritbanc Savings Association. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big difference if you are on the go.

Marcela has a low current total income, but has a high number of prospects

Marcela has always wanted to be an architecture professor, but would need attend Mount St Mary’s University again to become one. Marcela has other prospects as well, including nuclear medicine technologist, it administrator, and casino dealer, which pay $51,000 through to $100,000 per year, at least. For this reason, we think that Marcela can afford this consolidation loan of $76000.

Contact Details for Meritbanc Savings Association, the provider of this consolidation loan

  • Meritbanc Savings Association
  • City: Houston
  • State: Texas
  • Address: 2223 W Loop South
  • County: Harris
  • Zip code: 77027

Signature Loan acquired in Houston, Texas for $76000 with good credit by Marcela

Many prospective borrowers have difficulty with finding signature loans in Houston, Texas, and Marcela is no exception. Marcela went to 7 lenders or more prior to settling on Meritbanc Savings Association, who offered Marcela a signature loan for $76000. Most signature loans simply require a client, like Marcela’s signature to get them, up to $48,000 in some cases. Marcela was able to get $76000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans don’t need a cosigner, they tend to need improved credit, as high as 796

6 Months in the Past, Marcela Attempted Finding a High Risk Loan for $46,000.00, and it was Easy

There is an well known struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Marcela. Marcela decided not to obtain a high risk loan this time. High Risk loans are given to very low credit borrowers. Individuals with credit ratings as low as 401 can apply for a high risk loan and possibly can be approved.

Previous requests on Marcela’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$54190.00 9 10.2% $768.81 Comerica Bank May 7, 2013
$53550.00 10 7.7% $641.25 First Star Bank, S.S.B. November 6, 2014
$54190.00 10 5.7% $593.49 Brownfield State Bank & Trust Co. January 2, 2015
$53800.00 8 10.7% $836.43 First Bank & Trust, Bryan, Texas January 20, 2015
$54150.00 5 9.5% $1137.25 First Bank & Trust of Clarendon March 6, 2015

Several past requests for credit have been made by Marcela in the past, including one from First National Bank in Greene in Houston, Texas before Marcela was approved for the $76000 by Meritbanc Savings Association

Marcela made 5 prior attempts to obtain a consolidation loan, 2 of which were with First National Bank in Greene, a bank in Houston, Texas known to specialize in consolidation loans specifically. Prior to finding Meritbanc Savings Association, Marcela was desperate due to their inexperience and good credit rating.

Marcela’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their sales representative job and their future job as an architecture professor

Fico Score: 704

Personal Loan for a sales representative named Marcela in Houston, Texas to Pay Off Dale Earnhardt

Marcela had a lot of credit card debt on their Teachers Federal Credit Union Platinum Visa and their St. Louis Cardinals World MasterCard with WorldPoints Rewards, and they were starting to get in over their heads. Despite Marcela’s job as a sales representative, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Marcela was rejected by Citizens State Bank of Dalhart 4 times before being approved by Meritbanc Savings Association at 2223 W Loop South

On January 16, 2011, Marcela applied about borrowing $40,000 from Arrowhead Bank with Tristan, their in law from just outside Houston, and even with the co-signer, Marcela was rejected for this consolidation loan. With good credit, it can be difficult to obtain financing, even with collateral and a co-signer.

When Marcela was 24, they attempted to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a list of Marcela’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on January 25, 2010
  • Attempt 2) Loan for $25,000.00 on April 8, 2009
  • Attempt 3) Loan for $23,000.00 on July 24, 2009
  • Attempt 4) Loan for $31,000.00 on November 11, 2009
  • Attempt 5) Loan for $39,000.00 on February 24, 2009
  • Attempt 6) Loan for $23,000.00 on October 24, 2012
  • Attempt 7) Loan for $25,000.00 on July 22, 2009
Client Profile: Marcela Krock of Houston, Texas
  • Full name (Changed if requested): Marcela Krock
  • Current Credit: loans.hit.utils.Fico@66a29884
  • Current City: Houston
  • State: Texas
  • Zip code: 77029
  • Yearly income: $45,000
  • Current Job: sales representative
  • Current County: Harris
  • Goal Yearly Income: $121,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Before applying for this consolidation loan, Marcela had an Experian score of 723, which is good, so Meritbanc Savings Association probably cannot provide Marcela a consolidation loan

Experian Score: 723

Conclusion of Marcela’s consolidation loan

In the end, Marcela was able to find a consolidation loan for $76000 with an interest rate of 9.8% interest APR from Meritbanc Savings Association in Houston, Texas repayable over 24 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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