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Elayne Needed A Fast Loan For $48000, Silsbee, Texas

$48000 Fast Loan – Silsbee Texas, Credit Score Of 642

  • Experian: 659 – The client had a good Experian rating
  • Transunion: 630 – Elayne had a good credit score with Transunion.
  • Equifax: Elayne’s Experian score was 642, which is a good credit rating using the Experian scale.

Fast Loans for Elayne in Silsbee, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Silsbee, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Elayne. Elayne was able to find a fast loan for $48000 from First Bank & Trust, Bryan, Texas and Farmers State Bank of Shiro, Texas, but turned down both offers in favor of their fast loan from Silsbee State Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. Much better if a client is in a pinch.

When Elayne was 24, they tried to obtain a student loan from 4 different lenders, which damaged their credit score. Below is a chronology of Elayne’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on June 7, 2009
  • Attempt 2) Loan for $36,000.00 on February 25, 2011
  • Attempt 3) Loan for $28,000.00 on April 14, 2009
  • Attempt 4) Loan for $23,000.00 on June 3, 2010

Installment loan for Elayne, a graduate of University of Phoenix and a computer and information systems manager working for over $79,000 per year

Elayne, an alumnus at University of Phoenix and a computer and information systems manager in Silsbee, Texas wants a fast loan to purchase a car. Elayne has instead chosen to get an installment loan for $6,000 and is at present seeking lenders like First City Bank of Richardson to provide it.

Paraphrased and Standardized Quote from Elayne for this fast loan of $48000, provided by Silsbee State Bank

Hello, I am Elayne and I’m from Silsbee in Texas. Hardin, county is where I grew up, and now I need a fast loan in Texas for $48000 to avoid bankruptcy. It wasn’t easy, but Silsbee State Bank really came through for me with this loan for 6.2% interest APR and a term of 6 years. I can probably repay the loan over the 6 year term, including interest. A big thanks to Silsbee State Bank for giving me a chance and my good credit. It look me 8 years to create my credit to 642, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Contact Details for Silsbee State Bank, the provider of this fast loan

  • Silsbee State Bank
  • City: Silsbee
  • State: Texas
  • Address: 100 East Avenue G
  • County: Hardin
  • Zip code: 77656

Elayne’s Transunion score was changed by the fast loan loan, changing to 630 from 642, which is typical in our experience.

Transunion Score: 630

Before applying for this fast loan, Elayne had an Experian score of 659, which is good, so Silsbee State Bank most likely cannot provide Elayne a fast loan

Experian Score: 659

Many other requests for credit have been made by Elayne in the past, including one from The First National Bank of Brainerd in Silsbee, Texas before Elayne was approved for the $48000 by Silsbee State Bank

Elayne made 7 prior attempts to obtain a fast loan, 2 of which were with The First National Bank of Brainerd, a lending institution in Silsbee, Texas known to specialize in fast loans specifically. Before finding Silsbee State Bank, Elayne was very concerned due to their inexperience and good credit rating.

Previous requests on Elayne’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$44590.00 9 8.7% $596.81 Comerica Bank June 13, 2010
$45290.00 9 10.6% $652.43 First Star Bank, S.S.B. April 24, 2011
$45290.00 7 6.5% $672.53 Brownfield State Bank & Trust Co. December 30, 2012
$45320.00 11 5.8% $465.23 First Bank & Trust, Bryan, Texas November 5, 2014
$45170.00 6 11.7% $876.05 First Bank & Trust of Clarendon March 9, 2015

Elayne has a disappointing current total income, but has several of prospects

Elayne has always wanted to be an employee training instructor, but would have to attend University of Phoenix again to achieve it. Elayne has other prospects as well, including fish hatchery specialist, child support services worker, and windows – draperies treatment specialist, which pay $52,000 through to $101,000 per year, on average. For this reason, we believe that Elayne can afford this fast loan of $48000.

8 Months Ago, Elayne Tried to Find a High Risk Loan for $37,000.00, and it was Hard

There is an well known struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Elayne. Elayne chose not to obtain a high risk loan this time. High Risk loans are given to terrible credit applicants. Borrowers with credit scores as low as 320 can inquire for a high risk loan and may be be approved.

Signature Loan easily acquired in Silsbee, Texas for $48000 with good credit by Elayne

Many clients have difficulty with obtaining signature loans in Silsbee, Texas, and Elayne is no exception. Elayne went to 8 lending institutions or more prior to settling on Silsbee State Bank, who offered Elayne a signature loan for $48000. Typical signature loans simply require a client, like Elayne’s signature to obtain them, up to $24,000 in some cases. Elayne was able to get $48000 as a fast loan, which is very high for a fast loan. Since signature loans do not require a cosigner, they generally need better credit, as high as 759

Elayne was rejected by The Huntsville National Bank 6 times before being approved by Silsbee State Bank at 100 East Avenue G

On April 13, 2013, Elayne inquired about borrowing $26,000 from First State Bank with Muoi, their friend from just outside Silsbee, and even with the co-signer, Elayne was rejected for this fast loan. With good credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

Elayne’s Overall FICO score at the time of acceptance for a fast loan, taking into account their computer and information systems manager job and their future career as an employee training instructor

Fico Score: 642

Client Profile: Elayne Pecci of Silsbee, Texas
  • Full name (Changed if requested): Elayne Pecci
  • Current Credit: loans.hit.utils.Fico@2dda6444
  • Current City: Silsbee
  • State: Texas
  • Zip code: 77657
  • Yearly income: $66,000
  • Current Job: computer and information systems manager
  • Current County: Hardin
  • Goal Yearly Income: $147,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Personal Loan for a computer and information systems manager named Elayne in Silsbee, Texas to Pay Off Lord & Taylor Credit Card

Elayne had a lot of credit card debt on their Defenders of Wildlife WorldPoints Platinum Plus Visa Card and their Shell Drive for Five Card, and they were starting to get in over their heads. Despite Elayne’s job as a computer and information systems manager, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans vary from $30,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Elayne needed a debt consolidation loan to pay for their existing fast loan and their payday loan. Elayne was able to find a fast loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.6%.

Conclusion of Elayne’s fast loan

In the end, Elayne was able to find a fast loan for $48000 with an interest rate of 8.8% interest APR from Silsbee State Bank in Silsbee, Texas repayable over 6 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.