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$36000 Signature Loan In Brownsville Texas With Credit Score 459 For Leola

$36000 Signature Loan – Brownsville Texas, Credit Score Of 459

  • Experian: 470 – They had a bad Experian score
  • Transunion: 443 – Leola had a bad credit score with Transunion.
  • Equifax: Leola’s Experian score was 459, which is a bad credit score with the Experian scale.
Client Profile: Leola Cowboy of Brownsville, Texas
  • Full name (Changed if requested): Leola Cowboy
  • Current Credit: loans.hit.utils.Fico@1d56ce6a
  • Current City: Brownsville
  • State: Texas
  • Zip code: 78526
  • Yearly income: $68,000
  • Current Job: merchandise displayer
  • Current County: Cameron
  • Goal Yearly Income: $142,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

7 Months Ago, Leola Tried to Find a High Risk Loan for $44,000.00, and it was Easy

There is an ongoing struggle for clients 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 physically harmful to borrowers like Leola. Leola chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Borrowers with credit scores as low as 504 can inquire for a high risk loan and may be be accepted.

Previous requests on Leola’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$94240.00 10 8.4% $1163.41 Comerica Bank November 26, 2011
$94440.00 8 10.1% $1438.05 First Star Bank, S.S.B. April 22, 2012
$94370.00 10 10.4% $1268.1 Brownfield State Bank & Trust Co. November 28, 2013
$93880.00 6 6.2% $1564.74 First Bank & Trust, Bryan, Texas October 7, 2014
$93770.00 7 9.4% $1527.78 First Bank & Trust of Clarendon November 4, 2014

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $35,000.00 to $53,000.00. They are mainly used to pay off existing high interest loans like credit cards. Leola required a debt consolidation loan to pay for their existing signature loan and their loan shark loan. Leola was able to find a signature loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your dirty, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 2.1%.

Multiple past requests for credit have been made by Leola in the past, including one from Evergreen State Bank in Brownsville, Texas before Leola was approved for the $36000 by Mercantile Bank, National Association

Leola made 6 prior attempts to obtain a signature loan, 2 of which were with Evergreen State Bank, a bank in Brownsville, Texas known to specialize in signature loans specifically. Prior to finding Mercantile Bank, National Association, Leola was desperate due to their inexperience and bad credit rating.

Installment loan for Leola, a graduate of Baker College and a merchandise displayer working for over $66,000 per year

Leola, an alumnus at Baker College and a merchandise displayer in Brownsville, Texas wants a signature loan to purchase a car. Leola has instead decided to get an installment loan for $29,000 and is at present seeking lenders like First City Bank of Richardson to provide it.

Contact Details for Mercantile Bank, National Association, the provider of this signature loan

  • Mercantile Bank, National Association
  • City: Brownsville
  • State: Texas
  • Address: 835 East Levee Street
  • County: Cameron
  • Zip code: 78520

Fast Loans for Leola 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 gumption like Leola. Leola was able to find a fast loan for $36000 from First RepublicBank Forney and Guaranty Bank & Trust Company, but turned down both offers in favor of their signature loan from Mercantile Bank, National Association. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement if a client is in a pinch.

When Leola was 18, they attempted to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a list of Leola’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $32,000.00 on February 16, 2009
  • Attempt 2) Loan for $32,000.00 on November 30, 2008
  • Attempt 3) Loan for $29,000.00 on January 23, 2010
  • Attempt 4) Loan for $36,000.00 on May 7, 2013
  • Attempt 5) Loan for $32,000.00 on August 20, 2010

Before applying for this signature loan, Leola had an Experian score of 470, which is bad, so Mercantile Bank, National Association most likely can provide Leola a signature loan

Experian Score: 470

Leola was declined by First State Bank of Mathis 5 times before being accepted by Mercantile Bank, National Association at 835 East Levee Street

On January 20, 2012, Leola inquired about borrowing $18,000 from First State Bank with Lon, their friend from just outside Brownsville, and even with the co-signer, Leola was rejected for this signature loan. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Leola for this signature loan of $36000, provided by Mercantile Bank, National Association

Hello, I am Leola and I am from Brownsville in Texas. Cameron, county is where I grew up, and now I need a signature loan in Texas for $36000 to renovate my home. It has been difficult, but Mercantile Bank, National Association really came through for me with this loan for 7.8% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to Mercantile Bank, National Association for trusting me and my bad credit. It look me 6 years to build my credit to 459, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

Leola’s Transunion score was altered by the signature loan loan, changing to 443 from 459, which is typical in our experience.

Transunion Score: 443

Signature Loan found in Brownsville, Texas for $36000 with bad credit by Leola

Most prospective borrowers struggle with obtaining signature loans in Brownsville, Texas, and Leola is no different. Leola went to 6 lenders or more before finding Mercantile Bank, National Association, who offered Leola a signature loan for $36000. Typical signature loans simply need a client, like Leola’s signature to get them, up to $32,000 in some cases. Leola was able to get $36000 as a signature loan, which is very high for a signature loan. Because signature loans don’t require collateral, these loans generally require better credit, as high as 797

Leola has a very low current gross income, but has a high number of prospects

Leola has always wanted to be a title examiner, but would have to attend Baker College again to become one. Leola has other possibilities as well, including packaging machine operator, motion picture director, and athletic coach, which pay $56,000 through to $92,000 per year, at least. Because of this, we believe that Leola can afford this signature loan of $36000.

Leola’s Overall FICO score at the time of acceptance for a signature loan, taking into account their merchandise displayer job and their future job as a title examiner

Fico Score: 459

Personal Loan for a merchandise displayer named Leola in Brownsville, Texas to Pay Off ISPFCU Credit Cards

Leola had a tonne of credit card debt on their Planet Hollywood Platinum and their Merrill Lynch Business Signature Rewards, and they were starting to get in over their heads. Despite Leola’s job as a merchandise displayer, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Conclusion of Leola’s signature loan

In the end, Leola was able to find a signature loan for $36000 with an interest rate of 9.0% interest APR from Mercantile Bank, National Association in Brownsville, Texas repayable over 24 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.