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Low Rate Consolidation Loan For Lashonda In Ballinger, Texas

$6000 Consolidation Loan – Ballinger Texas, Credit Score Of 690

  • Experian: 709 – This client had a good Experian rating
  • Transunion: 671 – Lashonda had a good credit score with Transunion.
  • Equifax: Lashonda’s Experian score was 690, which is a good credit score using the Experian rating scheme.

Before applying for this consolidation loan, Lashonda had an Experian score of 709, which is good, so The Farmers & Merchants State Bank likely cannot provide Lashonda a consolidation loan

Experian Score: 709

Lashonda’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their hand and portable tool mechanic job and their future career as a newspaper/magazines writer

Fico Score: 690

Lashonda was not approved by Farmers State Bank of Shiro, Texas 6 times prior to being approved by The Farmers & Merchants State Bank at 901 Hutchings Avenue

On January 20, 2010, Lashonda inquired about borrowing $31,000 from Texas Commerce Bank – Rio Grande Valley, National Association with Ivelisse, their friend from just outside Ballinger, and even with the co-signer, Lashonda was rejected for this consolidation loan. With good credit, it can be very hard to procure financing, even with collateral and a co-signer.

Installment loan for Lashonda, a graduate of Lawrence University and a hand and portable tool mechanic working for over $74,000 per year

Lashonda, an alumnus at Lawrence University and a hand and portable tool mechanic in Ballinger, Texas needs a consolidation loan to purchase a car. Lashonda has instead chosen to obtain an installment loan for $2,000 and is currently seeking lenders like First State Bank of Mathis to provide it.

Previous requests on Lashonda’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$39640.00 3 5.5% $1196.97 Comerica Bank May 17, 2011
$40400.00 10 7.4% $477.45 First Star Bank, S.S.B. September 27, 2011
$40330.00 8 6.7% $543.85 Brownfield State Bank & Trust Co. May 9, 2013
$40490.00 10 11.1% $560.04 First Bank & Trust, Bryan, Texas June 29, 2013
$40490.00 11 10.8% $525.43 First Bank & Trust of Clarendon March 19, 2014

Lashonda’s Transunion score was altered by the consolidation loan loan, changing to 671 from 690, which is typical in our experience.

Transunion Score: 671

Paraphrased and Standardized Quote from Lashonda for this consolidation loan of $6000, provided by The Farmers & Merchants State Bank

Hello, I am Lashonda and my hometown is Ballinger in Texas. Runnels, county is where I grew up, and now I need a consolidation loan in Texas for $6000 to avoid bankruptcy. It wasn’t easy, but The Farmers & Merchants State Bank really came through for me with this loan for 5.5% interest APR and a term of 4 years. I can repay the loan over the 4 year term, including interest. A big thanks to The Farmers & Merchants State Bank for trusting me and my good credit. It look me 5 years to build my credit to 690, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

Signature Loan easily acquired in Ballinger, Texas for $6000 with good credit by Lashonda

Many clients have difficulty with finding signature loans in Ballinger, Texas, and Lashonda is no exception. Lashonda went to 6 lending institutions or more before finding The Farmers & Merchants State Bank, who offered Lashonda a signature loan for $6000. Most signature loans simply need a client, like Lashonda’s signature to obtain them, up to $25,000 in some cases. Lashonda was able to get $6000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not need collateral, these loans tend to need higher credit, as high as 744

Contact Details for The Farmers & Merchants State Bank, the provider of this consolidation loan

  • The Farmers & Merchants State Bank
  • City: Ballinger
  • State: Texas
  • Address: 901 Hutchings Avenue
  • County: Runnels
  • Zip code: 76821

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

Normal debt consolidation loans range from $26,000.00 to $54,000.00. They are normally used to pay off existing high interest loans like credit cards. Lashonda needed a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Lashonda was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 4.8%.

8 Months in the Past, Lashonda Attempted to Find a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to get 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 Lashonda. Lashonda chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Individuals with credit ratings as low as 542 can apply for a high risk loan and may be be approved.

Multiple past requests for credit have been made by Lashonda in the past, including one from The First National Bank of Saxton in Ballinger, Texas before Lashonda was accepted for the $6000 by The Farmers & Merchants State Bank

Lashonda made 7 previous attempts to obtain a consolidation loan, 2 of which were with The First National Bank of Saxton, a lender in Ballinger, Texas known to specialize in consolidation loans specifically. Prior to finding The Farmers & Merchants State Bank, Lashonda was very concerned due to their inexperience and good credit score.

Personal Loan for a hand and portable tool mechanic named Lashonda in Ballinger, Texas to Pay Off San Diego Padres World MasterCard with Extra Bases Rewards

Lashonda had a lot of credit card debt on their RBC US Dollar Visa Gold and their Community First Bank Credit Cards, and they were starting to get in over their heads. Despite Lashonda’s job as a hand and portable tool mechanic, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Lashonda has a disappointing current gross income, but has a large amount of prospects

Lashonda has always wanted to be a newspaper/magazines writer, but would have to attend Lawrence University again to achieve it. Lashonda has other possibilities as well, including kindergarten teacher, child care center administrator, and marina boat charter administrator, which pay $52,000 through to $95,000 per year, on average. For this reason, we believe that Lashonda can pay for this consolidation loan of $6000.

Client Profile: Lashonda Denafo of Ballinger, Texas
  • Full name (Changed if requested): Lashonda Denafo
  • Current Credit: loans.hit.utils.Fico@4edde6e5
  • Current City: Ballinger
  • State: Texas
  • Zip code: 76826
  • Yearly income: $44,000
  • Current Job: hand and portable tool mechanic
  • Current County: Runnels
  • Goal Yearly Income: $130,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

When Lashonda was 18, they attempted to obtain a student loan from 7 alternate banks, which damaged their credit score. Below is a chronology of Lashonda’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on June 4, 2013
  • Attempt 2) Loan for $36,000.00 on November 12, 2010
  • Attempt 3) Loan for $20,000.00 on May 12, 2010
  • Attempt 4) Loan for $26,000.00 on March 27, 2009
  • Attempt 5) Loan for $39,000.00 on October 15, 2013
  • Attempt 6) Loan for $27,000.00 on September 16, 2009
  • Attempt 7) Loan for $20,000.00 on January 6, 2010

Fast Loans for Lashonda in Ballinger, Texas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Ballinger, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Lashonda. Lashonda was able to find a fast loan for $6000 from First RepublicBank Clifton and Texas Commerce Bank – Rio Grande Valley, National Association, but declined both offers in favor of their consolidation loan from The Farmers & Merchants State Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big improvement if a borrower is on the go.

Conclusion of Lashonda’s consolidation loan

In the end, Lashonda was able to find a consolidation loan for $6000 with an interest rate of 5.8% interest APR from The Farmers & Merchants State Bank in Ballinger, Texas repayable over 4 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.