$164000 High Risk Loan – Houston Texas, Credit Score Of 397
- Experian: 412 – This individual had a terrible Experian rating
- Transunion: 379 – Edyth had a terrible credit rating with Transunion.
- Equifax: Edyth’s Experian score was 397, which is a terrible credit score on the Experian system.
7 Months Ago, Edyth Attempted to Find a High Risk Loan for $47,000.00, and it was Hard
It is an ongoing struggle for clients to get 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 Edyth. Edyth chose not to obtain a high risk loan this time. High Risk loans are given to very low credit borrowers. Individuals with credit ratings as low as 578 can apply for a high risk loan and possibly can be accepted.
Edyth was declined by Vista Bank 7 times before being accepted by Benjamin Franklin FSA at 5444 Westheimer
On December 30, 2009, Edyth inquired about borrowing $49,000 from First RepublicBank Clifton with Shirleen, their in law from just outside Houston, and even with the co-signer, Edyth was rejected for this high risk loan. With terrible credit, it can be difficult to obtain funding, even with collateral and a co-signer.
Many past requests for credit have been made by Edyth in the past, including one from First Federal Savings and Loan Association in Houston, Texas before Edyth was accepted for the $164000 by Benjamin Franklin FSA
Edyth made 4 previous tries to obtain a high risk loan, 2 of which were with First Federal Savings and Loan Association, a bank in Houston, Texas known to specialize in high risk loans specifically. Before finding Benjamin Franklin FSA, Edyth was very concerned due to their inexperience and terrible credit score.
When Edyth was 21, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a chronology of Edyth’s prior attempts at finding a student loan:
- Attempt 1) Loan for $28,000.00 on February 3, 2010
- Attempt 2) Loan for $25,000.00 on January 6, 2012
- Attempt 3) Loan for $29,000.00 on March 14, 2011
- Attempt 4) Loan for $27,000.00 on August 23, 2012
Contact Details for Benjamin Franklin FSA, the provider of this high risk loan
- Benjamin Franklin FSA
- City: Houston
- State: Texas
- Address: 5444 Westheimer
- County: Harris
- Zip code: 77056
Edyth’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their bus boy / bus girl job and their future job as a purchasing manager
Edyth has a very low current gross income, but has a large amount of prospects
Edyth has always wanted to be a purchasing manager, but would have to attend East Side Union High School District Adult School again to become one. Edyth has other prospects as well, including equal opportunity representative, model maker, and patent lawyer, which pay $54,000 through to $106,000 per year, at least. For this reason, we think that Edyth can afford this high risk loan of $164000.
Before applying for this high risk loan, Edyth had an Experian score of 412, which is terrible, so Benjamin Franklin FSA most likely cannot provide Edyth a high risk loan
Previous requests on Edyth’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$116240.00||11||7.3%||$1283.52||Comerica Bank||July 14, 2009|
|$116130.00||3||5.6%||$3511.89||First Star Bank, S.S.B.||April 8, 2011|
|$116380.00||10||10.1%||$1544.42||Brownfield State Bank & Trust Co.||September 29, 2012|
|$115510.00||9||6.8%||$1432.93||First Bank & Trust, Bryan, Texas||April 4, 2013|
|$116260.00||10||6.7%||$1331.97||First Bank & Trust of Clarendon||May 3, 2014|
Personal Loan for a bus boy / bus girl named Edyth in Houston, Texas to Pay Off Banana Republic Visa Card
Edyth had a tonne of credit card debt on their Bass Pro Shops Outdoor Rewards Platinum Plus Visa Credit Card and their First Internet Bank CONNECT Select, and they were starting to get in over their heads. Despite Edyth’s job as a bus boy / bus girl, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Fast Loans for Edyth in Houston, Texas to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Houston, Texas aren’t actually that difficult to obtain, especially if you have some finesse like Edyth. Edyth was able to find a fast loan for $164000 from Vista Bank and Guaranty Bank & Trust Company, but turned down both offers in favor of their high risk loan from Benjamin Franklin FSA. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. Much better in the case that a borrower is in a time sensitive situation.
Edyth’s Transunion score was changed by the high risk loan loan, changing to 379 from 397, which is typical in our experience.
Installment loan for Edyth, a graduate of East Side Union High School District Adult School and a bus boy / bus girl working for over $70,000 per year
Edyth, an alumnus at East Side Union High School District Adult School and a bus boy / bus girl in Houston, Texas wants a high risk loan to purchase a house. Edyth has instead chosen to obtain an installment loan for $23,000 and is currently seeking lenders like First State Bank to process their request.
- Full name (Changed if requested): Edyth Balderama
- Current Credit: loans.hit.utils.Fico@179d3b25
- Current City: Houston
- State: Texas
- Zip code: 77062
- Yearly income: $43,000
- Current Job: bus boy / bus girl
- Current County: Harris
- Goal Yearly Income: $108,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $0
Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $38,000.00 to $54,000.00. They are mainly used to pay off existing high interest loans like credit cards. Edyth required a debt consolidation loan to pay for their existing high risk loan and their loan shark loan. Edyth was able to find a high risk loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 4.6%.
Paraphrased and Standardized Quote from Edyth for this high risk loan of $164000, provided by Benjamin Franklin FSA
Hi, I am Edyth and I’m from Houston in Texas. Harris, county is where I grew up, and now I need a high risk loan in Texas for $164000 to pay bills. It wasn’t easy, but Benjamin Franklin FSA really came through for me with this loan for 6.5% interest APR and a term of 8 years. I will repay the loan over the 8 year term, including interest. A big thanks to Benjamin Franklin FSA for giving me a chance and my terrible credit. It look me 4 years to create my credit to 397, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.
Signature Loan found in Houston, Texas for $164000 with terrible credit by Edyth
Most borrowers have difficulty with finding signature loans in Houston, Texas, and Edyth is no different. Edyth went to 6 lending institutions or more prior to finding Benjamin Franklin FSA, who offered Edyth a signature loan for $164000. Typical signature loans simply require a client, like Edyth’s signature to obtain them, up to $25,000 in some cases. Edyth was able to get $164000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t need collateral, these loans tend to require higher credit, as high as 734
Conclusion of Edyth’s high risk loan
In the end, Edyth was able to find a high risk loan for $164000 with an interest rate of 8.8% interest APR from Benjamin Franklin FSA in Houston, Texas repayable over 8 years from now.