$90000 Signature Loan – Lufkin Texas, Credit Rating Of 688
- Experian: 704 – This client had a good Experian rating
- Transunion: 674 – Sommer had a good credit rating with Transunion.
- Equifax: Sommer’s Experian score was 688, which is a good credit score on the Experian scale.
Sommer was rejected by Brownfield State Bank & Trust Co. 5 times prior to being granted funding by The Bank of East Texas, S.S.B. at 211 Shepherd Street
On March 17, 2009, Sommer applied about borrowing $41,000 from Eden State Bank with Clora, their in law from just outside Lufkin, and even with the co-signer, Sommer was rejected for this signature loan. With good credit, it can be challenging to obtain financing, even with collateral and a co-signer.
Fast Loans for Sommer in Lufkin, Texas to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Lufkin, Texas aren’t actually that difficult to obtain, especially if you have some finesse like Sommer. Sommer was able to find a fast loan for $90000 from First RepublicBank Forney and Farmers State Bank of Shiro, Texas, but declined both offers in favor of their signature loan from The Bank of East Texas, S.S.B.. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement if you are in a pinch.
- Full name (Changed if requested): Sommer Szilagyi
- Current Credit: loans.hit.utils.Fico@123a439b
- Current City: Lufkin
- State: Texas
- Zip code: 75909
- Yearly income: $43,000
- Current Job: farm manager
- Current County: Angelina
- Goal Yearly Income: $127,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000
Sommer’s Overall FICO score at the time of acceptance for a signature loan, taking into account their farm manager job and their future career as a substance abuse counselor
Sommer has a sad current total income, but has a high number of prospects
Sommer has always wanted to be a substance abuse counselor, but would have to attend Anderson University again to become one. Sommer has other prospects as well, including glass blower, public transportation inspector, and foreign language interpreter, which pay $55,000 through to $100,000 per year, on average. Because of this, we think that Sommer can afford this signature loan of $90000.
Before applying for this signature loan, Sommer had an Experian score of 704, which is good, so The Bank of East Texas, S.S.B. most likely cannot provide Sommer a signature loan
Personal Loan for a farm manager named Sommer in Lufkin, Texas to Pay Off Astoria Bank Platinum Edition Visa Card
Sommer had a lot of credit card debt on their True Value Discover Card and their Pancreatic Cancer Action Network Visa Card, and they were starting to get in over their heads. Despite Sommer’s job as a farm manager, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
When Sommer was 19, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit rating. Below is a list of Sommer’s prior attempts at finding a student loan:
- Attempt 1) Loan for $30,000.00 on September 7, 2012
- Attempt 2) Loan for $34,000.00 on January 21, 2012
- Attempt 3) Loan for $33,000.00 on July 12, 2013
- Attempt 4) Loan for $32,000.00 on August 20, 2013
- Attempt 5) Loan for $27,000.00 on November 3, 2013
- Attempt 6) Loan for $32,000.00 on July 6, 2010
- Attempt 7) Loan for $30,000.00 on May 15, 2010
Sommer’s Transunion score was altered by the signature loan loan, changing to 674 from 688, which is typical in our experience.
Many other requests for credit have been made by Sommer in the past, including one from Hawkeye Bank of Tipton in Lufkin, Texas before Sommer was approved for the $90000 by The Bank of East Texas, S.S.B.
Sommer made 7 previous tries to obtain a signature loan, 2 of which were with Hawkeye Bank of Tipton, a bank in Lufkin, Texas known to specialize in signature loans specifically. Before finding The Bank of East Texas, S.S.B., Sommer was desperate due to their inexperience and good credit score.
Paraphrased and Standardized Quote from Sommer for this signature loan of $90000, provided by The Bank of East Texas, S.S.B.
Hi, I am Sommer and my hometown is Lufkin in Texas. Angelina, county is where I grew up, and now I need a signature loan in Texas for $90000 to buy a big ticket item. It wasn’t easy, but The Bank of East Texas, S.S.B. really came through for me with this loan for 6.0% 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 The Bank of East Texas, S.S.B. for giving me a chance and my good credit. It look me 6 years to create my credit to 688, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.
Contact Details for The Bank of East Texas, S.S.B., the provider of this signature loan
- The Bank of East Texas, S.S.B.
- City: Lufkin
- State: Texas
- Address: 211 Shepherd Street
- County: Angelina
- Zip code: 75901
Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $25,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Sommer needed a debt consolidation loan to pay for their existing signature loan and their credit card. Sommer was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 3.3%.
Installment loan for Sommer, a graduate of Anderson University and a farm manager working for over $73,000 per year
Sommer, an alumnus at Anderson University and a farm manager in Lufkin, Texas wants a signature loan to purchase a car. Sommer has instead chosen to get an installment loan for $29,000 and is at present seeking lenders like Eden State Bank to process their request.
Previous requests on Sommer’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$12430.00||5||7.6%||$249.66||Comerica Bank||November 5, 2008|
|$12400.00||5||7.3%||$247.29||First Star Bank, S.S.B.||October 31, 2012|
|$12360.00||5||7.7%||$248.85||Brownfield State Bank & Trust Co.||January 16, 2013|
|$12190.00||9||6.6%||$149.99||First Bank & Trust, Bryan, Texas||June 10, 2013|
|$12310.00||10||9.7%||$160.64||First Bank & Trust of Clarendon||January 4, 2015|
Signature Loan found in Lufkin, Texas for $90000 with good credit by Sommer
A lot of prospective borrowers struggle with obtaining signature loans in Lufkin, Texas, and Sommer is the same. Sommer went to 4 lending institutions or more before settling on The Bank of East Texas, S.S.B., who offered Sommer a signature loan for $90000. Most signature loans simply require a client, like Sommer’s signature to get them, up to $44,000 in some cases. Sommer was able to get $90000 as a signature loan, which is very high for a signature loan. Because signature loans don’t need a cosigner, they tend to require improved credit, as high as 709
8 Months Ago, Sommer Tried to Find a High Risk Loan for $22,000.00, and it was Easy
There is an existing struggle for borrowers 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 frightening to borrowers like Sommer. Sommer chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Individuals with credit scores as low as 405 can inquire for a high risk loan and possibly can be approved.
Conclusion of Sommer’s signature loan
In the end, Sommer was able to find a signature loan for $90000 with an interest rate of 9.2% interest APR from The Bank of East Texas, S.S.B. in Lufkin, Texas repayable over 15 years from now.