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Secured Loan With Reasonable APR In Denton County, Texas

$104000 Secured Loan – Denton Texas, Credit Rating Of 344

  • Experian: 359 – They had a terrible Experian score
  • Transunion: 327 – Kenna had a terrible credit score with Transunion.
  • Equifax: Kenna’s Experian score was 344, which is a terrible credit rating on the Experian scale.

Fast Loans for Kenna in Denton, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Denton, Texas aren’t actually that difficult to obtain, particularly if you have some finesse like Kenna. Kenna was able to find a fast loan for $104000 from Guaranty Bank & Trust, N.A. and Silsbee State Bank, but turned down both offers in favor of their secured loan from Provident Bank-Denton. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference if a client is in a time sensitive situation.

8 Months in the Past, Kenna Attempted Finding a High Risk Loan for $31,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for borrowers to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Kenna. Kenna decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Borrowers with credit scores as low as 521 can inquire for a high risk loan and may be be accepted.

Before applying for this secured loan, Kenna had an Experian score of 359, which is terrible, so Provident Bank-Denton likely cannot provide Kenna a secured loan

Experian Score: 359

Kenna’s Overall FICO score at the time of acceptance for a secured loan, taking into account their air crew officer job and their future job as a licensed practical nurse

Fico Score: 344

Many other requests for credit have been made by Kenna in the past, including one from The Village Bank of St. Louis County in Denton, Texas before Kenna was approved for the $104000 by Provident Bank-Denton

Kenna made 9 previous tries to obtain a secured loan, 2 of which were with The Village Bank of St. Louis County, a lender in Denton, Texas known to specialize in secured loans specifically. Before finding Provident Bank-Denton, Kenna was very concerned due to their inexperience and terrible credit score.

Kenna was declined by First Consolidated Bank – Ferris 6 times before being accepted by Provident Bank-Denton at 2219 South Loop 288, Suite 330

On May 21, 2011, Kenna inquired about borrowing $10,000 from Arrowhead Bank with Lisandra, their in law from just outside Denton, and even with the co-signer, Kenna was rejected for this secured loan. With terrible credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Installment loan for Kenna, a graduate of San Joaquin Valley College and an air crew officer working for over $60,000 per year

Kenna, an alumnus at San Joaquin Valley College and an air crew officer in Denton, Texas needs a secured loan to purchase a car. Kenna has instead chosen to obtain an installment loan for $6,000 and is at present seeking lenders like The Bank and Trust, S.S.B. to process their request.

Previous requests on Kenna’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$15820.00 8 11.4% $251.93 Comerica Bank April 11, 2011
$16240.00 9 5.4% $190.19 First Star Bank, S.S.B. February 19, 2013
$16100.00 7 7.3% $245.36 Brownfield State Bank & Trust Co. March 6, 2013
$16200.00 8 7.8% $227.37 First Bank & Trust, Bryan, Texas January 19, 2015
$16340.00 9 7.2% $206.01 First Bank & Trust of Clarendon February 16, 2015

When Kenna was 21, they attempted to obtain a student loan from 6 different lenders, which harmed their credit score. Below is a list of Kenna’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on March 25, 2011
  • Attempt 2) Loan for $36,000.00 on December 4, 2012
  • Attempt 3) Loan for $29,000.00 on March 2, 2012
  • Attempt 4) Loan for $23,000.00 on July 28, 2010
  • Attempt 5) Loan for $22,000.00 on July 26, 2009
  • Attempt 6) Loan for $36,000.00 on November 10, 2009

Paraphrased and Standardized Quote from Kenna for this secured loan of $104000, provided by Provident Bank-Denton

Hi, I am Kenna and my hometown is Denton in Texas. Denton, county is where I grew up, and now I need a secured loan in Texas for $104000 to pay bills. It wasn’t easy, but Provident Bank-Denton really came through for me with this loan for 11.0% interest APR and a term of 15 years. I can probably repay the loan over the 15 year term, including interest. A big thanks to Provident Bank-Denton for trusting me and my terrible credit. It look me 7 years to build my credit to 344, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans vary from $34,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Kenna needed a debt consolidation loan to pay for their existing secured loan and their loan shark loan. Kenna was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.5%.

Signature Loan easily acquired in Denton, Texas for $104000 with terrible credit by Kenna

Many clients struggle with finding signature loans in Denton, Texas, and Kenna is not an exception. Kenna went to 8 lending institutions or more before settling on Provident Bank-Denton, who offered Kenna a signature loan for $104000. Typical signature loans simply need a client, like Kenna’s signature to obtain them, up to $36,000 in some cases. Kenna was able to get $104000 as a secured loan, which is very high for a secured loan. Because signature loans don’t require collateral, these loans tend to require better credit, as high as 740

Client Profile: Kenna Aguinaldo of Denton, Texas
  • Full name (Changed if requested): Kenna Aguinaldo
  • Current Credit: loans.hit.utils.Fico@2e5d6d97
  • Current City: Denton
  • State: Texas
  • Zip code: 76211
  • Yearly income: $51,000
  • Current Job: air crew officer
  • Current County: Denton
  • Goal Yearly Income: $90,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Contact Details for Provident Bank-Denton, the provider of this secured loan

  • Provident Bank-Denton
  • City: Denton
  • State: Texas
  • Address: 2219 South Loop 288, Suite 330
  • County: Denton
  • Zip code: 76205

Personal Loan for an air crew officer named Kenna in Denton, Texas to Pay Off Harley-Davidson Visa Signature Card

Kenna had a tonne of credit card debt on their Coast to Coast Visa Signature Card with Rec Rewards and their U.S. Bank College Visa Card, and they were starting to get in over their heads. Despite Kenna’s job as an air crew officer, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Kenna has a disappointing current yearly income, but has a large amount of prospects

Kenna has always wanted to be a licensed practical nurse, but would need attend San Joaquin Valley College again to achieve it. Kenna has other possibilities as well, including fire prevention engineer, dairy technologist, and casino dealer, which pay $51,000 through to $104,000 per year, on average. Because of this, we think that Kenna can afford this secured loan of $104000.

Kenna’s Transunion score was altered by the secured loan loan, changing to 327 from 344, which is typical in our experience.

Transunion Score: 327

Conclusion of Kenna’s secured loan

In the end, Kenna was able to find a secured loan for $104000 with an interest rate of 5.3% interest APR from Provident Bank-Denton in Denton, Texas repayable over 15 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.