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$16000 Secured Loan In Nacogdoches Texas With Credit Score 451 For Caryn

$16000 Secured Loan – Nacogdoches Texas, Credit Score Of 451

  • Experian: 463 – The client had a bad Experian rating
  • Transunion: 434 – Caryn had a bad credit score with Transunion.
  • Equifax: Caryn’s Experian score was 451, which is a bad credit rating using the Experian rating scheme.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $22,000.00 to $54,000.00. They are typically used to pay off existing high interest loans like credit cards. Caryn needed a debt consolidation loan to pay for their existing secured loan and their loan shark loan. Caryn was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.6%.

Caryn was rejected by The Bank and Trust, S.S.B. 4 times prior to being granted funding by First Federal Savings and Loan Association at 320 North Street

On October 7, 2011, Caryn applied about borrowing $24,000 from First Consolidated Bank – Ferris with Margaretta, their friend from just outside Nacogdoches, and even with the co-signer, Caryn was rejected for this secured loan. With bad credit, it can be challenging to procure financing, even with collateral and a co-signer.

Caryn’s Overall FICO score at the time of acceptance for a secured loan, taking into account their athletic director job and their future job as a social worker

Fico Score: 451

Caryn’s Transunion score was changed by the secured loan loan, changing to 434 from 451, which is normal in our experience.

Transunion Score: 434

8 Months Ago, Caryn Tried Finding a High Risk Loan for $28,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Caryn. Caryn decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit borrowers. Clients with credit scores as low as 324 can apply for a high risk loan and have a chance to be accepted.

When Caryn was 24, they tried to obtain a student loan from 4 different lenders, which damaged their credit rating. Below is a chronology of Caryn’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $28,000.00 on July 12, 2010
  • Attempt 2) Loan for $35,000.00 on June 6, 2010
  • Attempt 3) Loan for $23,000.00 on April 12, 2009
  • Attempt 4) Loan for $24,000.00 on May 14, 2011

Installment loan for Caryn, a graduate of L.E. Fletcher Technical Community College and an athletic director working for over $65,000 per year

Caryn, an alumnus at L.E. Fletcher Technical Community College and an athletic director in Nacogdoches, Texas wants a secured loan to purchase a new cell phone. Caryn has instead chosen to get an installment loan for $10,000 and is at present seeking lenders like First Bank & Trust, Bryan, Texas to process their request.

Client Profile: Caryn Matherly of Nacogdoches, Texas
  • Full name (Changed if requested): Caryn Matherly
  • Current Credit: loans.hit.utils.Fico@69663380
  • Current City: Nacogdoches
  • State: Texas
  • Zip code: 75968
  • Yearly income: $57,000
  • Current Job: athletic director
  • Current County: Nacogdoches
  • Goal Yearly Income: $132,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

Signature Loan acquired in Nacogdoches, Texas for $16000 with bad credit by Caryn

Many clients struggle with obtaining signature loans in Nacogdoches, Texas, and Caryn is the same. Caryn went to 5 lenders or more before finding First Federal Savings and Loan Association, who offered Caryn a signature loan for $16000. Typical signature loans simply need a client, like Caryn’s signature to obtain them, up to $31,000 in some cases. Caryn was able to get $16000 as a secured loan, which is very high for a secured loan. Because signature loans do not need a cosigner, these loans tend to require improved credit, as high as 792

Paraphrased and Standardized Quote from Caryn for this secured loan of $16000, provided by First Federal Savings and Loan Association

Hi, I am Caryn and my hometown is Nacogdoches in Texas. Nacogdoches, county is where I grew up, and now I need a secured loan in Texas for $16000 to renovate my home. It has been difficult, but First Federal Savings and Loan Association really came through for me with this loan for 10.1% interest APR and a term of 13 years. I can probably repay the loan over the 13 year term, including interest. A big thanks to First Federal Savings and Loan Association for giving me a chance and my bad credit. It look me 9 years to create my credit to 451, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Previous requests on Caryn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$74410.00 3 8.1% $2335.17 Comerica Bank December 18, 2009
$74390.00 8 9.7% $1117.03 First Star Bank, S.S.B. February 7, 2010
$74110.00 10 7.2% $868.14 Brownfield State Bank & Trust Co. August 7, 2012
$74160.00 7 5.6% $1069.21 First Bank & Trust, Bryan, Texas May 17, 2014

Contact Details for First Federal Savings and Loan Association, the provider of this secured loan

  • First Federal Savings and Loan Association
  • City: Nacogdoches
  • State: Texas
  • Address: 320 North Street
  • County: Nacogdoches
  • Zip code: 75961

Personal Loan for an athletic director named Caryn in Nacogdoches, Texas to Pay Off Henri Bendel A-List Credit Card

Caryn had a lot of credit card debt on their KeyBank Platinum MasterCard Credit Card and their Sunoco Universal Fleet Card, and they were starting to get in over their heads. Despite Caryn’s job as an athletic director, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Several other requests for credit have been made by Caryn in the past, including one from Farmers Bank of Portageville in Nacogdoches, Texas before Caryn was approved for the $16000 by First Federal Savings and Loan Association

Caryn made 7 previous tries to obtain a secured loan, 2 of which were with Farmers Bank of Portageville, a lender in Nacogdoches, Texas known to specialize in secured loans specifically. Prior to finding First Federal Savings and Loan Association, Caryn was very concerned due to their inexperience and bad credit rating.

Fast Loans for Caryn in Nacogdoches, Texas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Nacogdoches, Texas aren’t actually that difficult to obtain, especially if you have some finesse like Caryn. Caryn was able to find a fast loan for $16000 from First City Bank of Richardson and Farmers State Bank of Shiro, Texas, but turned down both offers in favor of their secured loan from First Federal Savings and Loan Association. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference if a client is in a time sensitive situation.

Before applying for this secured loan, Caryn had an Experian score of 463, which is bad, so First Federal Savings and Loan Association probably cannot provide Caryn a secured loan

Experian Score: 463

Caryn has a sad current yearly income, but has a large amount of prospects

Caryn has always wanted to be a social worker, but would have to attend L.E. Fletcher Technical Community College again to become one. Caryn has other possibilities as well, including painter, hydraulic engineer, and probation officer, which pay $50,000 through to $92,000 per year, at least. Because of this, we think that Caryn can afford this secured loan of $16000.

Conclusion of Caryn’s secured loan

In the end, Caryn was able to find a secured loan for $16000 with an interest rate of 8.3% interest APR from First Federal Savings and Loan Association in Nacogdoches, Texas repayable over 13 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.