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14 Month, Variable Interest No Collateral Loan For Shawn In Texas

$102000 No Collateral Loan – Rosebud Texas, Credit Rating Of 310

  • Experian: 329 – This client had a terrible Experian score
  • Transunion: 292 – Shawn had a terrible credit rating with Transunion.
  • Equifax: Shawn’s Experian score was 310, which is a terrible credit rating on the Experian system.
Client Profile: Shawn Gatchel of Rosebud, Texas
  • Full name (Changed if requested): Shawn Gatchel
  • Current Credit: loans.hit.utils.Fico@7bfcd12c
  • Current City: Rosebud
  • State: Texas
  • Zip code: 76572
  • Yearly income: $31,000
  • Current Job: foreign language interpreter
  • Current County: Falls
  • Goal Yearly Income: $102,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

When Shawn was 22, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a chronology of Shawn’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on February 13, 2012
  • Attempt 2) Loan for $23,000.00 on January 24, 2011
  • Attempt 3) Loan for $32,000.00 on September 7, 2009
  • Attempt 4) Loan for $28,000.00 on December 23, 2009

Paraphrased and Standardized Quote from Shawn for this no collateral loan of $102000, provided by First Consolidated Bank – Rosebud, National Association

Hello, I am Shawn and I am from Rosebud in Texas. Falls, county is where I grew up, and now I need a no collateral loan in Texas for $102000 to buy a car. It wasn’t easy, but First Consolidated Bank – Rosebud, National Association really came through for me with this loan for 9.6% interest APR and a term of 14 years. I can repay the loan over the 14 year term, including interest. A big thanks to First Consolidated Bank – Rosebud, National Association for trusting me and my terrible credit. It look me 9 years to build my credit to 310, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

Signature Loan easily acquired in Rosebud, Texas for $102000 with terrible credit by Shawn

Many clients have difficulty with finding signature loans in Rosebud, Texas, and Shawn is the same. Shawn went to 8 lending institutions or more prior to settling on First Consolidated Bank – Rosebud, National Association, who offered Shawn a signature loan for $102000. Most signature loans simply need a client, like Shawn’s signature to get them, up to $22,000 in some cases. Shawn was able to get $102000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans do not need collateral, they tend to need improved credit, as high as 739

8 Months Ago, Shawn Attempted Finding a High Risk Loan for $29,000.00, and it was Easy

There is an existing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Shawn. Shawn chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Individuals with credit scores as low as 354 can inquire for a high risk loan and have a chance to be approved.

Installment loan for Shawn, a graduate of Marywood University and a foreign language interpreter working for over $75,000 per year

Shawn, an alumnus at Marywood University and a foreign language interpreter in Rosebud, Texas needs a no collateral loan to purchase something frivolous. Shawn has instead decided to get an installment loan for $20,000 and is currently seeking lenders like Eden State Bank to provide it.

Shawn was declined by Farmers State Bank of Shiro, Texas 6 times prior to being granted funding by First Consolidated Bank – Rosebud, National Association at Main Street

On December 15, 2013, Shawn inquired about borrowing $4,000 from Eden State Bank with Lacey, their in law from just outside Rosebud, and even with the co-signer, Shawn was rejected for this no collateral loan. With terrible credit, it can be very hard to procure funding, even with collateral and a co-signer.

Multiple other requests for credit have been made by Shawn in the past, including one from South Side Savings and Loan Association in Rosebud, Texas before Shawn was approved for the $102000 by First Consolidated Bank – Rosebud, National Association

Shawn made 6 previous attempts to obtain a no collateral loan, 2 of which were with South Side Savings and Loan Association, a lending institution in Rosebud, Texas known to specialize in no collateral loans specifically. Before finding First Consolidated Bank – Rosebud, National Association, Shawn was concerned due to their inexperience and terrible credit rating.

Contact Details for First Consolidated Bank – Rosebud, National Association, the provider of this no collateral loan

  • First Consolidated Bank – Rosebud, National Association
  • City: Rosebud
  • State: Texas
  • Address: Main Street
  • County: Falls
  • Zip code: 76570

Shawn’s Transunion score was altered by the no collateral loan loan, changing to 292 from 310, which is normal in our experience.

Transunion Score: 292

Shawn’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their foreign language interpreter job and their future career as a construction manager

Fico Score: 310

Shawn has a disappointing current gross income, but has several of prospects

Shawn has always wanted to be a construction manager, but would need attend Marywood University again to achieve it. Shawn has other possibilities as well, including agricultural product sorter, radio & tv newscaster, and motorboat mechanic, which pay $55,000 through to $91,000 per year, on average. For this reason, we believe that Shawn can afford this no collateral loan of $102000.

Personal Loan for a foreign language interpreter named Shawn in Rosebud, Texas to Pay Off TD Bank Easy Rewards Visa

Shawn had a tonne of credit card debt on their Coppermark Bank Credit Cards and their ESL Visa Credit Card, and they were starting to get in over their heads. Despite Shawn’s job as a foreign language interpreter, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Fast Loans for Shawn in Rosebud, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Rosebud, Texas aren’t actually that difficult to obtain, particularly if you have some finesse like Shawn. Shawn was able to find a fast loan for $102000 from Arrowhead Bank and First State Bank of Mathis, but declined both offers in favor of their no collateral loan from First Consolidated Bank – Rosebud, National Association. 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 7 weeks for debt consolidation loans. Much better in the case that you are in a pinch.

Previous requests on Shawn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$83740.00 9 5.3% $976.62 Comerica Bank August 26, 2011
$84130.00 7 5.6% $1212.95 First Star Bank, S.S.B. October 24, 2013
$84200.00 6 7.3% $1447.69 Brownfield State Bank & Trust Co. February 10, 2015
$84250.00 11 9.7% $1040.55 First Bank & Trust, Bryan, Texas March 17, 2015
$83880.00 9 6.7% $1036.33 First Bank & Trust of Clarendon June 12, 2015

Before applying for this no collateral loan, Shawn had an Experian score of 329, which is terrible, so First Consolidated Bank – Rosebud, National Association probably cannot provide Shawn a no collateral loan

Experian Score: 329

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $22,000.00 to $55,000.00. They are mainly used to pay off existing high interest loans like credit cards. Shawn required a debt consolidation loan to pay for their existing no collateral loan and their loan shark loan. Shawn was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 3.3%.

Conclusion of Shawn’s no collateral loan

In the end, Shawn was able to find a no collateral loan for $102000 with an interest rate of 10.6% interest APR from First Consolidated Bank – Rosebud, National Association in Rosebud, Texas repayable over 14 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.