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Low Rate Unsecured Loan For Olimpia In College Station, Texas

$152000 Unsecured Loan – College Station Texas, Credit Score Of 560

  • Experian: 576 – They had a fair Experian score
  • Transunion: 541 – Olimpia had a fair credit score with Transunion.
  • Equifax: Olimpia’s Experian score was 560, which is a fair credit rating with the Experian rating scheme.

Personal Loan for a boat builder named Olimpia in College Station, Texas to Pay Off Commerce Bank

Olimpia had a tonne of credit card debt on their Agriculture Federal Credit Union Visa Platinum and their University of Central Florida Alumni Association Platinum Plus MasterCard, and they were starting to get in over their heads. Despite Olimpia’s job as a boat builder, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

6 Months Ago, Olimpia 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 way. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Olimpia. Olimpia chose not to get a high risk loan this time. High Risk loans are given to terrible credit clients. Clients with credit scores as low as 419 can apply for a high risk loan and possibly can be accepted.

Client Profile: Olimpia Lebrun of College Station, Texas
  • Full name (Changed if requested): Olimpia Lebrun
  • Current Credit: loans.hit.utils.Fico@7daf6ecc
  • Current City: College Station
  • State: Texas
  • Zip code: 77851
  • Yearly income: $40,000
  • Current Job: boat builder
  • Current County: Brazos
  • Goal Yearly Income: $102,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

When Olimpia was 21, they tried to obtain a student loan from 7 alternate banks, which damaged their credit rating. Below is a list of Olimpia’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on February 2, 2010
  • Attempt 2) Loan for $23,000.00 on March 28, 2010
  • Attempt 3) Loan for $32,000.00 on September 6, 2012
  • Attempt 4) Loan for $33,000.00 on July 26, 2010
  • Attempt 5) Loan for $29,000.00 on January 24, 2010
  • Attempt 6) Loan for $38,000.00 on March 30, 2013
  • Attempt 7) Loan for $37,000.00 on May 3, 2011

Installment loan for Olimpia, a graduate of Marian University and a boat builder working for over $75,000 per year

Olimpia, an alumnus at Marian University and a boat builder in College Station, Texas needs an unsecured loan to purchase a house. Olimpia has instead decided to get an installment loan for $13,000 and is currently seeking lenders like Arrowhead Bank to provide it.

Olimpia’s Transunion score was altered by the unsecured loan loan, changing to 541 from 560, which is typical in our experience.

Transunion Score: 541

Signature Loan easily acquired in College Station, Texas for $152000 with fair credit by Olimpia

Many prospective borrowers have difficulty with finding signature loans in College Station, Texas, and Olimpia is no different. Olimpia went to 4 lending institutions or more prior to finding American Momentum Bank, who offered Olimpia a signature loan for $152000. Typical signature loans simply require a client, like Olimpia’s signature to obtain them, up to $44,000 in some cases. Olimpia was able to get $152000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not need collateral, these loans generally require improved credit, as high as 720

Multiple previous requests for credit have been made by Olimpia in the past, including one from First Security State Bank of Twelfth Street in College Station, Texas before Olimpia was accepted for the $152000 by American Momentum Bank

Olimpia made 7 prior attempts to obtain an unsecured loan, 2 of which were with First Security State Bank of Twelfth Street, a bank in College Station, Texas known to specialize in unsecured loans specifically. Before finding American Momentum Bank, Olimpia was desperate due to their inexperience and fair credit score.

Previous requests on Olimpia’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$124280.00 11 5.4% $1250.72 Comerica Bank February 26, 2013
$124230.00 4 7.6% $3009.55 First Star Bank, S.S.B. April 10, 2013
$124220.00 10 5.1% $1323.63 Brownfield State Bank & Trust Co. December 25, 2014
$124360.00 11 11.4% $1657.1 First Bank & Trust, Bryan, Texas February 17, 2015

Olimpia was rejected by First State Bank of Matador 6 times prior to being granted funding by American Momentum Bank at One Momentum Boulevard

On July 2, 2012, Olimpia inquired about borrowing $30,000 from First State Bank of Matador with Alane, their in law from just outside College Station, and even with the co-signer, Olimpia was rejected for this unsecured loan. With fair credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Contact Details for American Momentum Bank, the provider of this unsecured loan

  • American Momentum Bank
  • City: College Station
  • State: Texas
  • Address: One Momentum Boulevard
  • County: Brazos
  • Zip code: 77845

Paraphrased and Standardized Quote from Olimpia for this unsecured loan of $152000, provided by American Momentum Bank

Hello, I am Olimpia and I’m from College Station in Texas. Brazos, county is where I grew up, and now I need a unsecured loan in Texas for $152000 to pay bills. It wasn’t easy, but American Momentum Bank really came through for me with this loan for 8.0% interest APR and a term of 4 years. I can probably repay the loan over the 4 year term, including interest. A big thanks to American Momentum Bank for trusting me and my fair credit. It look me 5 years to create my credit to 560, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.

Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $22,000.00 to $42,000.00. They are mainly used to pay off existing high interest loans like credit cards. Olimpia required a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Olimpia was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.1%.

Olimpia’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their boat builder job and their future job as a military-enlisted personnel

Fico Score: 560

Olimpia has a very low current total income, but has a large amount of prospects

Olimpia has always wanted to be a military-enlisted personnel, but would have to attend Marian University again to achieve it. Olimpia has other prospects as well, including catering administrator, credit analyst, and ophthalmologist, which pay $50,000 through to $107,000 per year, on average. For this reason, we think that Olimpia can pay for this unsecured loan of $152000.

Fast Loans for Olimpia in College Station, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in College Station, Texas aren’t actually that difficult to obtain, particularly if you have some finesse like Olimpia. Olimpia was able to find a fast loan for $152000 from Arrowhead Bank and Silsbee State Bank, but turned down both offers in favor of their unsecured loan from American Momentum Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement if a client is in a pinch.

Before applying for this unsecured loan, Olimpia had an Experian score of 576, which is fair, so American Momentum Bank most likely can provide Olimpia an unsecured loan

Experian Score: 576

Conclusion of Olimpia’s unsecured loan

In the end, Olimpia was able to find an unsecured loan for $152000 with an interest rate of 5.3% interest APR from American Momentum Bank in College Station, Texas repayable over 4 years from today.

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.