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Quick Loan Of $48000 For Terrible Credit Texas Resident

$48000 Quick Loan – Brownsville Texas, Credit Rating Of 391

  • Experian: 403 – This individual had a terrible Experian rating
  • Transunion: 377 – Lucy had a terrible credit score with Transunion.
  • Equifax: Lucy’s Experian score was 391, which is a terrible credit rating with the Experian system.

Lucy’s Overall FICO score at the time of acceptance for a quick loan, taking into account their file clerk job and their future career as a community welfare worker

Fico Score: 391

Personal Loan for a file clerk named Lucy in Brownsville, Texas to Pay Off First Niagara Bank MasterCard

Lucy had a tonne of credit card debt on their Cincinnati Reds BankAmericard Cash Rewards MasterCard and their American Eagle Outfitters Visa Credit Card, and they were starting to get in over their heads. Despite Lucy’s job as a file clerk, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Before applying for this quick loan, Lucy had an Experian score of 403, which is terrible, so Texas Commerce Bank-Rio Grande Valley probably cannot provide Lucy a quick loan

Experian Score: 403

7 Months in the Past, Lucy Attempted to Find a High Risk Loan for $27,000.00, and it was Hard

There is an existing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Lucy. Lucy chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Borrowers with credit scores as low as 509 can inquire for a high risk loan and may be be approved.

When Lucy was 18, they tried to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a list of Lucy’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on June 5, 2009
  • Attempt 2) Loan for $20,000.00 on March 12, 2011
  • Attempt 3) Loan for $21,000.00 on July 2, 2011
  • Attempt 4) Loan for $35,000.00 on March 28, 2011
  • Attempt 5) Loan for $25,000.00 on November 15, 2008

Signature Loan found in Brownsville, Texas for $48000 with terrible credit by Lucy

Most clients struggle with finding signature loans in Brownsville, Texas, and Lucy is the same. Lucy went to 6 lenders or more prior to settling on Texas Commerce Bank-Rio Grande Valley, who offered Lucy a signature loan for $48000. Typical signature loans simply require a client, like Lucy’s signature to obtain them, up to $43,000 in some cases. Lucy was able to get $48000 as a quick loan, which is very high for a quick loan. Since signature loans don’t require collateral, these loans generally need improved credit, as high as 721

Client Profile: Lucy Tolly of Brownsville, Texas
  • Full name (Changed if requested): Lucy Tolly
  • Current Credit: loans.hit.utils.Fico@49097b5d
  • Current City: Brownsville
  • State: Texas
  • Zip code: 78527
  • Yearly income: $69,000
  • Current Job: file clerk
  • Current County: Cameron
  • Goal Yearly Income: $85,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Paraphrased and Standardized Quote from Lucy for this quick loan of $48000, provided by Texas Commerce Bank-Rio Grande Valley

Hello, I am Lucy and I am from Brownsville in Texas. Cameron, county is where I grew up, and now I need a quick loan in Texas for $48000 to renovate my home. It has been difficult, but Texas Commerce Bank-Rio Grande Valley really came through for me with this loan for 10.2% interest APR and a term of 1 years. I can repay the loan over the 1 year term, including interest. A big thanks to Texas Commerce Bank-Rio Grande Valley for giving me a chance and my terrible credit. It look me 4 years to create my credit to 391, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Lucy was not approved by First State Bank of Matador 7 times prior to being granted funding by Texas Commerce Bank-Rio Grande Valley at 1034 East Levee Street

On June 19, 2013, Lucy applied about borrowing $24,000 from Austin Bank, Rusk, Texas with Iraida, their friend from just outside Brownsville, and even with the co-signer, Lucy was rejected for this quick loan. With terrible credit, it can be challenging to procure financing, even with collateral and a co-signer.

Installment loan for Lucy, a graduate of Catawba Valley Community College and a file clerk working for over $65,000 per year

Lucy, an alumnus at Catawba Valley Community College and a file clerk in Brownsville, Texas needs a quick loan to purchase something frivolous. Lucy has instead chosen to get an installment loan for $4,000 and is currently seeking lenders like Farmers State Bank of Shiro, Texas to provide it.

Lucy’s Transunion score was changed by the quick loan loan, changing to 377 from 391, which is typical in our experience.

Transunion Score: 377

Multiple previous requests for credit have been made by Lucy in the past, including one from Colorado National Bank – Golden in Brownsville, Texas before Lucy was accepted for the $48000 by Texas Commerce Bank-Rio Grande Valley

Lucy made 9 prior attempts to obtain a quick loan, 2 of which were with Colorado National Bank – Golden, a bank in Brownsville, Texas known to specialize in quick loans specifically. Before finding Texas Commerce Bank-Rio Grande Valley, Lucy was concerned due to their inexperience and terrible credit score.

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

Average debt consolidation loans range from $37,000.00 to $46,000.00. They are normally used to pay off existing high interest loans like credit cards. Lucy required a debt consolidation loan to pay for their existing quick loan and their loan shark loan. Lucy was able to find a quick loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.4%.

Lucy has a very low current yearly income, but has several of prospects

Lucy has always wanted to be a community welfare worker, but would have to attend Catawba Valley Community College again to achieve it. Lucy has other possibilities as well, including cartographic technician, fishery worker supervisor, and missionary worker, which pay $50,000 through to $93,000 per year, at least. Because of this, we think that Lucy can pay for this quick loan of $48000.

Previous requests on Lucy’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$70870.00 6 10.2% $1320.09 Comerica Bank July 20, 2010
$71490.00 5 9.5% $1501.42 First Star Bank, S.S.B. July 23, 2013
$71190.00 8 5.5% $918.3 Brownfield State Bank & Trust Co. February 5, 2014
$71300.00 9 8.5% $946.82 First Bank & Trust, Bryan, Texas July 16, 2014
$71170.00 3 11.8% $2357.07 First Bank & Trust of Clarendon August 1, 2014

Fast Loans for Lucy in Brownsville, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Brownsville, Texas aren’t actually that difficult to obtain, especially if you have some finesse like Lucy. Lucy was able to find a fast loan for $48000 from First RepublicBank Forney and Austin Bank, Rusk, Texas, but declined both offers in favor of their quick loan from Texas Commerce Bank-Rio Grande Valley. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. Much better if a client is in a time sensitive situation.

Contact Details for Texas Commerce Bank-Rio Grande Valley, the provider of this quick loan

  • Texas Commerce Bank-Rio Grande Valley
  • City: Brownsville
  • State: Texas
  • Address: 1034 East Levee Street
  • County: Cameron
  • Zip code: 78520

Conclusion of Lucy’s quick loan

In the end, Lucy was able to find a quick loan for $48000 with an interest rate of 10.6% interest APR from Texas Commerce Bank-Rio Grande Valley in Brownsville, Texas repayable over 1 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.