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Direct Loan Of $20000 For Fair Credit Texas Resident

$20000 Direct Loan – Lufkin Texas, Credit Score Of 518

  • Experian: 535 – They had a fair Experian rating
  • Transunion: 505 – Leland had a fair credit score with Transunion.
  • Equifax: Leland’s Experian score was 518, which is a fair credit rating using the Experian system.

Signature Loan acquired in Lufkin, Texas for $20000 with fair credit by Leland

A lot of clients have difficulty with obtaining signature loans in Lufkin, Texas, and Leland is no exception. Leland went to 4 lending institutions or more before finding Angelina Savings Bank, SSB, who offered Leland a signature loan for $20000. Typical signature loans simply need a client, like Leland’s signature to obtain them, up to $35,000 in some cases. Leland was able to get $20000 as a direct loan, which is very high for a direct loan. Since signature loans do not need a cosigner, they generally need improved credit, as high as 792

Installment loan for Leland, a graduate of Cornerstone University and a carpenter’s assistant working for over $65,000 per year

Leland, an alumnus at Cornerstone University and a carpenter’s assistant in Lufkin, Texas needs a direct loan to purchase something frivolous. Leland has instead decided to obtain an installment loan for $10,000 and is currently seeking lenders like Silsbee State Bank to process their request.

Before applying for this direct loan, Leland had an Experian score of 535, which is fair, so Angelina Savings Bank, SSB probably cannot provide Leland a direct loan

Experian Score: 535

Client Profile: Leland Boucher of Lufkin, Texas
  • Full name (Changed if requested): Leland Boucher
  • Current Credit: loans.hit.utils.Fico@7e6cbb7a
  • Current City: Lufkin
  • State: Texas
  • Zip code: 75903
  • Yearly income: $39,000
  • Current Job: carpenter’s assistant
  • Current County: Angelina
  • Goal Yearly Income: $135,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Several previous requests for credit have been made by Leland in the past, including one from The First State Bank in Lufkin, Texas before Leland was accepted for the $20000 by Angelina Savings Bank, SSB

Leland made 5 previous attempts to obtain a direct loan, 2 of which were with The First State Bank, a lending institution in Lufkin, Texas known to specialize in direct loans specifically. Before finding Angelina Savings Bank, SSB, Leland was very concerned due to their inexperience and fair credit rating.

Leland’s Transunion score was altered by the direct loan loan, changing to 505 from 518, which is typical in our experience.

Transunion Score: 505

When Leland was 23, they attempted to obtain a student loan from 4 different lenders, which harmed their credit score. Below is a chronology of Leland’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on September 8, 2011
  • Attempt 2) Loan for $29,000.00 on February 19, 2013
  • Attempt 3) Loan for $21,000.00 on March 15, 2012
  • Attempt 4) Loan for $26,000.00 on June 10, 2013

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

Fast loans in Lufkin, Texas aren’t actually that difficult to obtain, especially if you have some gumption like Leland. Leland was able to find a fast loan for $20000 from First RepublicBank Forney and Guaranty Bank & Trust, N.A., but declined both offers in favor of their direct loan from Angelina Savings Bank, SSB. The difference 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. Much better if a borrower is on the go.

Paraphrased and Standardized Quote from Leland for this direct loan of $20000, provided by Angelina Savings Bank, SSB

Hello, I am Leland and my hometown is Lufkin in Texas. Angelina, county is where I grew up, and now I need a direct loan in Texas for $20000 to renovate my home. It wasn’t easy, but Angelina Savings Bank, SSB really came through for me with this loan for 9.2% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to Angelina Savings Bank, SSB for giving me a chance and my fair credit. It look me 8 years to create my credit to 518, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.

Previous requests on Leland’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$73390.00 5 9.3% $1534.16 Comerica Bank January 31, 2010
$73200.00 10 9.8% $959.25 First Star Bank, S.S.B. May 17, 2014
$73330.00 7 11.2% $1263.31 Brownfield State Bank & Trust Co. June 14, 2014
$72590.00 10 8.4% $896.13 First Bank & Trust, Bryan, Texas February 20, 2015
$72550.00 3 7.2% $2246.77 First Bank & Trust of Clarendon March 10, 2015

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $39,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Leland required a debt consolidation loan to pay for their existing direct loan and their payday loan. Leland was able to find a direct loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.3%.

8 Months Ago, Leland Attempted to Find a High Risk Loan for $27,000.00, and it was Easy

It is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Leland. Leland chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit applicants. Borrowers with credit ratings as low as 513 can inquire for a high risk loan and have a chance to be accepted.

Leland’s Overall FICO score at the time of acceptance for a direct loan, taking into account their carpenter’s assistant job and their future career as a power-line installer and mechanic

Fico Score: 518

Leland has a disappointing current gross income, but has a high number of prospects

Leland has always wanted to be a power-line installer and mechanic, but would have to attend Cornerstone University again to achieve it. Leland has other prospects as well, including counseling psychologist, numerical tool programmer, and pbx installer and repairer, which pay $51,000 through to $103,000 per year, at least. For this reason, we think that Leland can afford this direct loan of $20000.

Contact Details for Angelina Savings Bank, SSB, the provider of this direct loan

  • Angelina Savings Bank, SSB
  • City: Lufkin
  • State: Texas
  • Address: 1721 Tulane Drive
  • County: Angelina
  • Zip code: 75901

Leland was declined by The Roscoe State Bank 6 times prior to being approved by Angelina Savings Bank, SSB at 1721 Tulane Drive

On January 18, 2010, Leland applied about borrowing $38,000 from Austin Bank, Rusk, Texas with Maurine, their in law from just outside Lufkin, and even with the co-signer, Leland was rejected for this direct loan. With fair credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Personal Loan for a carpenter’s assistant named Leland in Lufkin, Texas to Pay Off CFCU Classic Visa

Leland had a lot of credit card debt on their Woman Within Platinum Card and their Wells Fargo Platinum Visa Credit Card, and they were starting to get in over their heads. Despite Leland’s job as a carpenter’s assistant, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Conclusion of Leland’s direct loan

In the end, Leland was able to find a direct loan for $20000 with an interest rate of 8.7% interest APR from Angelina Savings Bank, SSB in Lufkin, Texas repayable over 15 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.