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Personal Loan For $66000 Near 77640, Texas With A Credit Score Of 622

$66000 Personal Loan – Port Arthur Texas, Credit Score Of 622

  • Experian: 639 – This individual had a good Experian score
  • Transunion: 608 – Georgeanna had a good credit score with Transunion.
  • Equifax: Georgeanna’s Experian score was 622, which is a good credit score using the Experian scale.

Installment loan for Georgeanna, a graduate of Beis Medrash Heichal Dovid and a music teacher working for over $72,000 per year

Georgeanna, an alumnus at Beis Medrash Heichal Dovid and a music teacher in Port Arthur, Texas needs a personal loan to purchase a house. Georgeanna has instead decided to get an installment loan for $2,000 and is currently seeking lenders like First State Bank of Mathis to process their request.

Previous requests on Georgeanna’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$62250.00 6 6.1% $1034.6 Comerica Bank March 1, 2011
$61570.00 8 10.6% $953.93 First Star Bank, S.S.B. August 22, 2011
$61600.00 6 9.4% $1122.64 Brownfield State Bank & Trust Co. February 8, 2012
$62360.00 7 9.2% $1009.66 First Bank & Trust, Bryan, Texas July 2, 2013
$62220.00 8 5.7% $808.6 First Bank & Trust of Clarendon September 10, 2013

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

  • Attempt 1) Loan for $28,000.00 on September 17, 2010
  • Attempt 2) Loan for $32,000.00 on September 15, 2013
  • Attempt 3) Loan for $23,000.00 on July 26, 2011
  • Attempt 4) Loan for $22,000.00 on June 15, 2011

Georgeanna has a sad current yearly income, but has a high number of prospects

Georgeanna has always wanted to be a cartoonist, but would have to attend Beis Medrash Heichal Dovid again to become one. Georgeanna has other possibilities as well, including carpet installer, human factors psychologist, and sport’s/entertainment agent, which pay $52,000 through to $108,000 per year, on average. Because of this, we believe that Georgeanna can afford this personal loan of $66000.

Paraphrased and Standardized Quote from Georgeanna for this personal loan of $66000, provided by Merchants Bank

Hi, I am Georgeanna and I am from Port Arthur in Texas. Jefferson, county is where I grew up, and now I need a personal loan in Texas for $66000 to pay bills. It wasn’t easy, but Merchants Bank really came through for me with this loan for 7.6% interest APR and a term of 14 years. I can repay the loan over the 14 year term, including interest. A big thanks to Merchants Bank for giving me a chance and my good credit. It look me 4 years to build my credit to 622, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Before applying for this personal loan, Georgeanna had an Experian score of 639, which is good, so Merchants Bank most likely cannot provide Georgeanna a personal loan

Experian Score: 639

7 Months Ago, Georgeanna Attempted Finding a High Risk Loan for $45,000.00, and it was Hard

It is an existing struggle for clients to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Georgeanna. Georgeanna decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Borrowers with credit scores as low as 302 can inquire for a high risk loan and have a chance to be accepted.

Fast Loans for Georgeanna in Port Arthur, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Port Arthur, Texas aren’t actually that difficult to obtain, especially if you have some gumption like Georgeanna. Georgeanna was able to find a fast loan for $66000 from Silsbee State Bank and First City Bank of Richardson, but turned down both offers in favor of their personal loan from Merchants Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. An improvement in the case that a client is in a pinch.

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

Average debt consolidation loans range from $23,000.00 to $56,000.00. They are normally used to pay off existing high interest loans like credit cards. Georgeanna required a debt consolidation loan to pay for their existing personal loan and their loan shark loan. Georgeanna was able to find a personal 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 4.7%.

Multiple other requests for credit have been made by Georgeanna in the past, including one from Old Colony Bank and Trust Company in Port Arthur, Texas before Georgeanna was accepted for the $66000 by Merchants Bank

Georgeanna made 8 prior attempts to obtain a personal loan, 2 of which were with Old Colony Bank and Trust Company, a lender in Port Arthur, Texas known to specialize in personal loans specifically. Before finding Merchants Bank, Georgeanna was desperate due to their inexperience and good credit score.

Personal Loan for a music teacher named Georgeanna in Port Arthur, Texas to Pay Off Sports Authority Credit Card

Georgeanna had a lot of credit card debt on their Business Rewards Visa Card and their Conestoga Bank Visa Business Card, and they were starting to get in over their heads. Despite Georgeanna’s job as a music teacher, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan found in Port Arthur, Texas for $66000 with good credit by Georgeanna

A lot of prospective borrowers struggle with obtaining signature loans in Port Arthur, Texas, and Georgeanna is no exception. Georgeanna went to 8 lending institutions or more prior to finding Merchants Bank, who offered Georgeanna a signature loan for $66000. Most signature loans simply need a client, like Georgeanna’s signature to get them, up to $48,000 in some cases. Georgeanna was able to get $66000 as a personal loan, which is very high for a personal loan. Since signature loans don’t require a cosigner, they tend to need improved credit, as high as 753

Georgeanna’s Overall FICO score at the time of acceptance for a personal loan, taking into account their music teacher job and their future job as a cartoonist

Fico Score: 622

Georgeanna was rejected by Silsbee State Bank 7 times before being granted funding by Merchants Bank at 441 Austin Avenue

On January 14, 2011, Georgeanna inquired about borrowing $19,000 from Guaranty Bank & Trust, N.A. with Louis, their in law from just outside Port Arthur, and even with the co-signer, Georgeanna was rejected for this personal loan. With good credit, it can be very hard to procure financing, even with collateral and a co-signer.

Contact Details for Merchants Bank, the provider of this personal loan

  • Merchants Bank
  • City: Port Arthur
  • State: Texas
  • Address: 441 Austin Avenue
  • County: Jefferson
  • Zip code: 77640
Client Profile: Georgeanna Leigland of Port Arthur, Texas
  • Full name (Changed if requested): Georgeanna Leigland
  • Current Credit: loans.hit.utils.Fico@79fc0f2f
  • Current City: Port Arthur
  • State: Texas
  • Zip code: 77648
  • Yearly income: $49,000
  • Current Job: music teacher
  • Current County: Jefferson
  • Goal Yearly Income: $99,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Georgeanna’s Transunion score was altered by the personal loan loan, changing to 608 from 622, which is normal in our experience.

Transunion Score: 608

Conclusion of Georgeanna’s personal loan

In the end, Georgeanna was able to find a personal loan for $66000 with an interest rate of 7.8% interest APR from Merchants Bank in Port Arthur, Texas repayable over 14 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.