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Viki Phimsoutham’s Consolidation Loan For 124000 Dollars In Richardson Texas

$124000 Consolidation Loan – Richardson Texas, Credit Score Of 548

  • Experian: 565 – This client had a fair Experian score
  • Transunion: 530 – Viki had a fair credit rating with Transunion.
  • Equifax: Viki’s Experian score was 548, which is a fair credit rating using the Experian scale.

Viki was rejected by Citizens State Bank of Dalhart 4 times prior to being approved by Richardson National Bank at 1201 East Beltline Road

On August 20, 2010, Viki inquired about borrowing $35,000 from Comerica Bank with Kristel, their in law from just outside Richardson, and even with the co-signer, Viki was rejected for this consolidation loan. With fair credit, it can be very hard to procure funding, even with collateral and a co-signer.

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

Most debt consolidation loans range from $34,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Viki required a debt consolidation loan to pay for their existing consolidation loan and their credit card. Viki was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.2%.

Viki’s Transunion score was altered by the consolidation loan loan, changing to 530 from 548, which is typical in our experience.

Transunion Score: 530

Signature Loan easily acquired in Richardson, Texas for $124000 with fair credit by Viki

Many borrowers struggle with finding signature loans in Richardson, Texas, and Viki is no different. Viki went to 5 lending institutions or more before settling on Richardson National Bank, who offered Viki a signature loan for $124000. Most signature loans simply need a client, like Viki’s signature to get them, up to $32,000 in some cases. Viki was able to get $124000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans don’t need a cosigner, these loans tend to need improved credit, as high as 774

Several previous requests for credit have been made by Viki in the past, including one from First State Bank Southwest in Richardson, Texas before Viki was approved for the $124000 by Richardson National Bank

Viki made 8 prior attempts to obtain a consolidation loan, 2 of which were with First State Bank Southwest, a lending institution in Richardson, Texas known to specialize in consolidation loans specifically. Prior to finding Richardson National Bank, Viki was desperate due to their inexperience and fair credit rating.

Viki’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their electrical parts reconditioner job and their future job as a town clerk

Fico Score: 548

Personal Loan for an electrical parts reconditioner named Viki in Richardson, Texas to Pay Off DCU Visa Platinum Secured Credit Card

Viki had a tonne of credit card debt on their American Savings Bank Maximum Rewards Visa Card and their Harley-Davidson Visa Secured Card, and they were starting to get in over their heads. Despite Viki’s job as an electrical parts reconditioner, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

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

Fast loans in Richardson, Texas aren’t actually that difficult to obtain, particularly if you have some finesse like Viki. Viki was able to find a fast loan for $124000 from First RepublicBank Clifton and First Star Bank, S.S.B., but turned down both offers in favor of their consolidation loan from Richardson National Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. Much better if a client is on the go.

Installment loan for Viki, a graduate of Maricopa Community Colleges – Rio Salado Community College and an electrical parts reconditioner working for over $67,000 per year

Viki, an alumnus at Maricopa Community Colleges – Rio Salado Community College and an electrical parts reconditioner in Richardson, Texas needs a consolidation loan to purchase a car. Viki has instead decided to obtain an installment loan for $16,000 and is at present seeking lenders like The Huntsville National Bank to process their request.

Before applying for this consolidation loan, Viki had an Experian score of 565, which is fair, so Richardson National Bank likely cannot provide Viki a consolidation loan

Experian Score: 565

Paraphrased and Standardized Quote from Viki for this consolidation loan of $124000, provided by Richardson National Bank

Hi, I am Viki and I’m from Richardson in Texas. Dallas, county is where I grew up, and now I need a consolidation loan in Texas for $124000 to buy a car. It has been difficult, but Richardson National Bank really came through for me with this loan for 6.7% interest APR and a term of 5 years. I can probably repay the loan over the 5 year term, including interest. A big thanks to Richardson National Bank for giving me a chance and my fair credit. It look me 9 years to build my credit to 548, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Viki has a sad current yearly income, but has several of prospects

Viki has always wanted to be a town clerk, but would have to attend Maricopa Community Colleges – Rio Salado Community College again to achieve it. Viki has other prospects as well, including real estate broker, hospital administrator, and package designer, which pay $52,000 through to $98,000 per year, on average. For this reason, we think that Viki can pay for this consolidation loan of $124000.

Previous requests on Viki’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$33560.00 11 6.4% $354.8 Comerica Bank November 5, 2009
$34430.00 4 10.8% $886.52 First Star Bank, S.S.B. August 20, 2013
$34360.00 6 10.5% $645.25 Brownfield State Bank & Trust Co. January 26, 2015
$34450.00 3 11.2% $1131.11 First Bank & Trust, Bryan, Texas May 19, 2015
Client Profile: Viki Phimsoutham of Richardson, Texas
  • Full name (Changed if requested): Viki Phimsoutham
  • Current Credit: loans.hit.utils.Fico@6477463f
  • Current City: Richardson
  • State: Texas
  • Zip code: 75085
  • Yearly income: $68,000
  • Current Job: electrical parts reconditioner
  • Current County: Dallas
  • Goal Yearly Income: $110,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

6 Months in the Past, Viki Tried to Find a High Risk Loan for $24,000.00, and it was Hard

There is an ongoing struggle for clients to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Viki. Viki decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit clients. Clients with credit scores as low as 495 can inquire for a high risk loan and have a chance to be approved.

When Viki was 23, they tried to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a chronology of Viki’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on November 1, 2008
  • Attempt 2) Loan for $20,000.00 on August 22, 2012
  • Attempt 3) Loan for $31,000.00 on December 29, 2009
  • Attempt 4) Loan for $26,000.00 on April 23, 2013
  • Attempt 5) Loan for $27,000.00 on March 4, 2012
  • Attempt 6) Loan for $31,000.00 on July 14, 2013
  • Attempt 7) Loan for $32,000.00 on July 9, 2012

Contact Details for Richardson National Bank, the provider of this consolidation loan

  • Richardson National Bank
  • City: Richardson
  • State: Texas
  • Address: 1201 East Beltline Road
  • County: Dallas
  • Zip code: 75080

Conclusion of Viki’s consolidation loan

In the end, Viki was able to find a consolidation loan for $124000 with an interest rate of 5.6% interest APR from Richardson National Bank in Richardson, Texas repayable over 5 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.