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$56000 Personal Loan With Fair Credit In Wichita Falls Texas

$56000 Personal Loan – Wichita Falls Texas, Credit Rating Of 521

  • Experian: 533 – They had a fair Experian rating
  • Transunion: 502 – Brittney had a fair credit rating with Transunion.
  • Equifax: Brittney’s Experian score was 521, which is a fair credit rating with the Experian rating scheme.

Installment loan for Brittney, a graduate of Danville Area Community College and a truck driver working for over $65,000 per year

Brittney, an alumnus at Danville Area Community College and a truck driver in Wichita Falls, Texas wants a personal loan to purchase a house. Brittney has instead chosen to get an installment loan for $21,000 and is at present seeking lenders like The Huntsville National Bank to process their request.

Personal Loan for a truck driver named Brittney in Wichita Falls, Texas to Pay Off Citi Secured MasterCard

Brittney had a tonne of credit card debt on their RBC Bank Visa Platinum Credit Card and their Phillips 66 Fleet Card, and they were starting to get in over their heads. Despite Brittney’s job as a truck driver, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Brittney was 18, they tried to obtain a student loan from 6 different banks, which harmed their credit rating. Below is a chronology of Brittney’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on March 16, 2011
  • Attempt 2) Loan for $36,000.00 on April 17, 2009
  • Attempt 3) Loan for $21,000.00 on July 2, 2012
  • Attempt 4) Loan for $33,000.00 on August 5, 2013
  • Attempt 5) Loan for $20,000.00 on August 29, 2009
  • Attempt 6) Loan for $29,000.00 on April 20, 2012
Client Profile: Brittney Simmonds of Wichita Falls, Texas
  • Full name (Changed if requested): Brittney Simmonds
  • Current Credit: loans.hit.utils.Fico@3d646c37
  • Current City: Wichita Falls
  • State: Texas
  • Zip code: 76316
  • Yearly income: $49,000
  • Current Job: truck driver
  • Current County: Wichita
  • Goal Yearly Income: $100,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Contact Details for First National Bank, the provider of this personal loan

  • First National Bank
  • City: Wichita Falls
  • State: Texas
  • Address: 3801 Fairway Boulevard
  • County: Wichita
  • Zip code: 76310

Before applying for this personal loan, Brittney had an Experian score of 533, which is fair, so First National Bank probably cannot provide Brittney a personal loan

Experian Score: 533

Many past requests for credit have been made by Brittney in the past, including one from Anderson Banking Company in Wichita Falls, Texas before Brittney was accepted for the $56000 by First National Bank

Brittney made 9 previous attempts to obtain a personal loan, 2 of which were with Anderson Banking Company, a lending institution in Wichita Falls, Texas known to specialize in personal loans specifically. Before finding First National Bank, Brittney was very concerned due to their inexperience and fair credit score.

Signature Loan acquired in Wichita Falls, Texas for $56000 with fair credit by Brittney

Many clients struggle with obtaining signature loans in Wichita Falls, Texas, and Brittney is the same. Brittney went to 6 lenders or more prior to finding First National Bank, who offered Brittney a signature loan for $56000. Most signature loans simply require a client, like Brittney’s signature to obtain them, up to $23,000 in some cases. Brittney was able to get $56000 as a personal loan, which is very high for a personal loan. Since signature loans don’t need a cosigner, they generally require higher credit, as high as 780

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $27,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Brittney needed a debt consolidation loan to pay for their existing personal loan and their credit card. Brittney was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 4.0%.

Previous requests on Brittney’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$48310.00 10 10.2% $643.78 Comerica Bank November 23, 2010
$47510.00 8 11.1% $748.87 First Star Bank, S.S.B. December 27, 2013
$48360.00 11 10.4% $616.46 Brownfield State Bank & Trust Co. May 23, 2015
$47750.00 3 9.2% $1522.89 First Bank & Trust, Bryan, Texas September 1, 2015
$47560.00 10 7.1% $554.67 First Bank & Trust of Clarendon September 27, 2015

Fast Loans for Brittney in Wichita Falls, Texas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Wichita Falls, Texas aren’t actually that difficult to obtain, particularly if you have some finesse like Brittney. Brittney was able to find a fast loan for $56000 from Eden State Bank and First RepublicBank Clifton, but turned down both offers in favor of their personal loan from First National Bank. 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 7 weeks for personal loans. Much better if a borrower is in a pinch.

9 Months in the Past, Brittney Tried to Find a High Risk Loan for $36,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Brittney. Brittney chose not to get a high risk loan this time. High Risk loans are given to very low credit clients. Borrowers with credit ratings as low as 471 can inquire for a high risk loan and may be be accepted.

Paraphrased and Standardized Quote from Brittney for this personal loan of $56000, provided by First National Bank

Hi, I am Brittney and my hometown is Wichita Falls in Texas. Wichita, county is where I grew up, and now I need a personal loan in Texas for $56000 to avoid bankruptcy. It has been difficult, but First National Bank really came through for me with this loan for 5.2% interest APR and a term of 9 years. I can probably repay the loan over the 9 year term, including interest. A big thanks to First National Bank for trusting me and my fair credit. It look me 6 years to build my credit to 521, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Brittney was not approved by Farmers State Bank of Madisonville, Texas 4 times before being granted funding by First National Bank at 3801 Fairway Boulevard

On May 23, 2010, Brittney inquired about borrowing $24,000 from The Roscoe State Bank with Concepcion, their friend from just outside Wichita Falls, and even with the co-signer, Brittney was rejected for this personal loan. With fair credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Brittney’s Transunion score was altered by the personal loan loan, changing to 502 from 521, which is normal in our experience.

Transunion Score: 502

Brittney’s Overall FICO score at the time of acceptance for a personal loan, taking into account their truck driver job and their future job as an animal control worker

Fico Score: 521

Brittney has a very low current yearly income, but has several of prospects

Brittney has always wanted to be an animal control worker, but would have to attend Danville Area Community College again to become one. Brittney has other possibilities as well, including horticulture therapist, physical education instructor, and script editor, which pay $51,000 through to $91,000 per year, on average. For this reason, we believe that Brittney can afford this personal loan of $56000.

Conclusion of Brittney’s personal loan

In the end, Brittney was able to find a personal loan for $56000 with an interest rate of 9.2% interest APR from First National Bank in Wichita Falls, Texas repayable over 9 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.