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High Risk Loan With Reasonable APR In Harris County, Texas

$56000 High Risk Loan – Houston Texas, Credit Score Of 524

  • Experian: 539 – This client had a fair Experian score
  • Transunion: 512 – Paris had a fair credit rating with Transunion.
  • Equifax: Paris’s Experian score was 524, which is a fair credit rating on the Experian scale.
Client Profile: Paris Garris of Houston, Texas
  • Full name (Changed if requested): Paris Garris
  • Current Credit: loans.hit.utils.Fico@5b80350b
  • Current City: Houston
  • State: Texas
  • Zip code: 77097
  • Yearly income: $33,000
  • Current Job: sales representative
  • Current County: Harris
  • Goal Yearly Income: $110,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Fast Loans for Paris in Houston, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Houston, Texas aren’t actually that difficult to obtain, especially if you have some finesse like Paris. Paris was able to find a fast loan for $56000 from Guaranty Bank & Trust Company and Farmers State Bank of Shiro, Texas, but turned down both offers in favor of their high risk loan from First Capital Savings Association of Texas. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big improvement in the case that you are in a pinch.

Before applying for this high risk loan, Paris had an Experian score of 539, which is fair, so First Capital Savings Association of Texas probably cannot provide Paris a high risk loan

Experian Score: 539

Paris’s Transunion score was changed by the high risk loan loan, changing to 512 from 524, which is normal in our experience.

Transunion Score: 512

Signature Loan found in Houston, Texas for $56000 with fair credit by Paris

Most prospective borrowers struggle with finding signature loans in Houston, Texas, and Paris is the same. Paris went to 5 lenders or more prior to settling on First Capital Savings Association of Texas, who offered Paris a signature loan for $56000. Typical signature loans simply need a client, like Paris’s signature to get them, up to $21,000 in some cases. Paris was able to get $56000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t need a cosigner, these loans tend to require better credit, as high as 748

Paraphrased and Standardized Quote from Paris for this high risk loan of $56000, provided by First Capital Savings Association of Texas

Hi, I am Paris and my hometown is Houston in Texas. Harris, county is where I grew up, and now I need a high risk loan in Texas for $56000 to avoid bankruptcy. It wasn’t easy, but First Capital Savings Association of Texas really came through for me with this loan for 8.7% interest APR and a term of 17 years. I can probably repay the loan over the 17 year term, including interest. A big thanks to First Capital Savings Association of Texas for giving me a chance and my fair credit. It look me 6 years to create my credit to 524, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Previous requests on Paris’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$52520.00 4 10.4% $1342.15 Comerica Bank February 19, 2012
$53130.00 4 6.1% $1250.2 First Star Bank, S.S.B. May 20, 2014
$52700.00 4 8.2% $1291.51 Brownfield State Bank & Trust Co. November 9, 2014
$53160.00 5 7.3% $1060.17 First Bank & Trust, Bryan, Texas December 29, 2014
$52610.00 9 7.1% $660.62 First Bank & Trust of Clarendon July 14, 2015

When Paris was 19, they tried to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a chronology of Paris’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on October 10, 2010
  • Attempt 2) Loan for $32,000.00 on October 26, 2010
  • Attempt 3) Loan for $39,000.00 on August 27, 2012
  • Attempt 4) Loan for $28,000.00 on August 12, 2010
  • Attempt 5) Loan for $29,000.00 on October 30, 2010

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $33,000.00 to $54,000.00. They are normally used to pay off existing high interest loans like credit cards. Paris required a debt consolidation loan to pay for their existing high risk loan and their payday loan. Paris was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your bad, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.1%.

Contact Details for First Capital Savings Association of Texas, the provider of this high risk loan

  • First Capital Savings Association of Texas
  • City: Houston
  • State: Texas
  • Address: 11251 North West Freeway
  • County: Harris
  • Zip code: 77092

Paris was not approved by Farmers State Bank of Shiro, Texas 5 times before being approved by First Capital Savings Association of Texas at 11251 North West Freeway

On April 13, 2010, Paris applied about borrowing $7,000 from Austin Bank, Rusk, Texas with Lindy, their friend from just outside Houston, and even with the co-signer, Paris was rejected for this high risk loan. With fair credit, it can be very hard to obtain financing, even with collateral and a co-signer.

8 Months Ago, Paris Attempted to Find a High Risk Loan for $21,000.00, and it was Hard

It is an existing struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Paris. Paris chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Individuals with credit ratings as low as 383 can inquire for a high risk loan and possibly can be approved.

Several previous requests for credit have been made by Paris in the past, including one from Umpqua Savings and Loan Association in Houston, Texas before Paris was accepted for the $56000 by First Capital Savings Association of Texas

Paris made 4 prior attempts to obtain a high risk loan, 2 of which were with Umpqua Savings and Loan Association, a lender in Houston, Texas known to specialize in high risk loans specifically. Before finding First Capital Savings Association of Texas, Paris was desperate due to their inexperience and fair credit rating.

Personal Loan for a sales representative named Paris in Houston, Texas to Pay Off Ace Rewards Visa Business Card

Paris had a tonne of credit card debt on their Fifth Third Cash Rewards Card and their Ohio Savings Bank Platinum Edition Visa Card, and they were starting to get in over their heads. Despite Paris’s job as a sales representative, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Paris, a graduate of University of Kansas and a sales representative working for over $68,000 per year

Paris, an alumnus at University of Kansas and a sales representative in Houston, Texas wants a high risk loan to purchase a new cell phone. Paris has instead chosen to get an installment loan for $3,000 and is at present seeking lenders like Arrowhead Bank to process their request.

Paris has a sad current total income, but has a high number of prospects

Paris has always wanted to be a technical & scientific publications editor, but would need attend University of Kansas again to become one. Paris has other possibilities as well, including narcotics investigator, chief financial officer, and human resources management advisor, which pay $59,000 through to $93,000 per year, at least. Because of this, we believe that Paris can afford this high risk loan of $56000.

Paris’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their sales representative job and their future job as a technical & scientific publications editor

Fico Score: 524

Conclusion of Paris’s high risk loan

In the end, Paris was able to find a high risk loan for $56000 with an interest rate of 9.0% interest APR from First Capital Savings Association of Texas in Houston, Texas repayable over 17 years from now.

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.