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Unsecured Loan Of $16000 For Fair Credit Texas Resident

$16000 Unsecured Loan – Dallas Texas, Credit Score Of 594

  • Experian: 613 – This client had a fair Experian score
  • Transunion: 575 – Cora had a fair credit score with Transunion.
  • Equifax: Cora’s Experian score was 594, which is a fair credit score on the Experian rating scheme.

Signature Loan easily acquired in Dallas, Texas for $16000 with fair credit by Cora

Most borrowers have difficulty with obtaining signature loans in Dallas, Texas, and Cora is the same. Cora went to 6 lending institutions or more before finding Ben Milam Savings and Loan Association, who offered Cora a signature loan for $16000. Most signature loans simply need a client, like Cora’s signature to obtain them, up to $21,000 in some cases. Cora was able to get $16000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t require collateral, they generally require better credit, as high as 712

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

Fast loans in Dallas, Texas aren’t actually that difficult to obtain, especially if you have some finesse like Cora. Cora was able to find a fast loan for $16000 from Eden State Bank and Brownfield State Bank & Trust Co., but declined both offers in favor of their unsecured loan from Ben Milam Savings and Loan Association. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference in the case that a borrower is on the go.

Client Profile: Cora Ciesla of Dallas, Texas
  • Full name (Changed if requested): Cora Ciesla
  • Current Credit: loans.hit.utils.Fico@3d012ddd
  • Current City: Dallas
  • State: Texas
  • Zip code: 75246
  • Yearly income: $50,000
  • Current Job: dietetic technician
  • Current County: Dallas
  • Goal Yearly Income: $98,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Personal Loan for a dietetic technician named Cora in Dallas, Texas to Pay Off Eddie Bauer Credit Card

Cora had a lot of credit card debt on their BankFIRST Visa Business Travel Card and their Associated Bank Visa Platinum Card, and they were starting to get in over their heads. Despite Cora’s job as a dietetic technician, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Several past requests for credit have been made by Cora in the past, including one from Peoples Bank of St. Augustine in Dallas, Texas before Cora was accepted for the $16000 by Ben Milam Savings and Loan Association

Cora made 6 prior attempts to obtain an unsecured loan, 2 of which were with Peoples Bank of St. Augustine, a lending institution in Dallas, Texas known to specialize in unsecured loans specifically. Prior to finding Ben Milam Savings and Loan Association, Cora was concerned due to their inexperience and fair credit rating.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $31,000.00 to $46,000.00. They are typically used to pay off existing high interest loans like credit cards. Cora required a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Cora was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which converts your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.0%.

Cora’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their dietetic technician job and their future job as a dental assistant

Fico Score: 594

Cora has a sad current total income, but has several of prospects

Cora has always wanted to be a dental assistant, but would have to attend Aurora University again to become one. Cora has other possibilities as well, including retail sales department supervisor, warehouse stock clerk, and school nurse, which pay $55,000 through to $96,000 per year, at least. For this reason, we believe that Cora can afford this unsecured loan of $16000.

Before applying for this unsecured loan, Cora had an Experian score of 613, which is fair, so Ben Milam Savings and Loan Association likely cannot provide Cora an unsecured loan

Experian Score: 613

Installment loan for Cora, a graduate of Aurora University and a dietetic technician working for over $75,000 per year

Cora, an alumnus at Aurora University and a dietetic technician in Dallas, Texas needs an unsecured loan to purchase a house. Cora has instead decided to get an installment loan for $20,000 and is currently seeking lenders like Commercial State Bank to provide it.

6 Months in the Past, Cora Attempted to Find a High Risk Loan for $24,000.00, and it was Easy

It is an well known struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Cora. Cora chose not to get a high risk loan this time. High Risk loans are given to bad credit individuals. Borrowers with credit scores as low as 396 can apply for a high risk loan and have a chance to be accepted.

Cora’s Transunion score was changed by the unsecured loan loan, changing to 575 from 594, which is normal in our experience.

Transunion Score: 575

Contact Details for Ben Milam Savings and Loan Association, the provider of this unsecured loan

  • Ben Milam Savings and Loan Association
  • City: Dallas
  • State: Texas
  • Address: 5520 Lbj Freeway Suite 600
  • County: Dallas
  • Zip code: 75240

When Cora was 22, they tried to obtain a student loan from 7 alternate lenders, which damaged their credit score. Below is a list of Cora’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on December 4, 2011
  • Attempt 2) Loan for $35,000.00 on December 22, 2011
  • Attempt 3) Loan for $32,000.00 on May 17, 2009
  • Attempt 4) Loan for $21,000.00 on September 7, 2012
  • Attempt 5) Loan for $21,000.00 on June 27, 2010
  • Attempt 6) Loan for $21,000.00 on May 2, 2011
  • Attempt 7) Loan for $27,000.00 on January 25, 2009

Paraphrased and Standardized Quote from Cora for this unsecured loan of $16000, provided by Ben Milam Savings and Loan Association

Hi, I am Cora and I am from Dallas in Texas. Dallas, county is where I grew up, and now I need a unsecured loan in Texas for $16000 to avoid bankruptcy. It wasn’t easy, but Ben Milam Savings and Loan Association really came through for me with this loan for 6.5% interest APR and a term of 1 years. I can repay the loan over the 1 year term, including interest. A big thanks to Ben Milam Savings and Loan Association for trusting me and my fair credit. It look me 5 years to create my credit to 594, and I won’t tarnish it any more. I am pleased with Find Texas Loans for helping me this far.

Cora was not approved by First State Bank of Mathis 6 times prior to being accepted by Ben Milam Savings and Loan Association at 5520 Lbj Freeway Suite 600

On April 10, 2013, Cora applied about borrowing $21,000 from Silsbee State Bank with Jon, their in law from just outside Dallas, and even with the co-signer, Cora was rejected for this unsecured loan. With fair credit, it can be very hard to procure funding, even with collateral and a co-signer.

Previous requests on Cora’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$109870.00 4 6.2% $2590.39 Comerica Bank March 8, 2009
$109660.00 11 8.8% $1299.54 First Star Bank, S.S.B. June 19, 2009
$110130.00 11 8.5% $1287.02 Brownfield State Bank & Trust Co. October 17, 2009
$110270.00 5 8.5% $2262.36 First Bank & Trust, Bryan, Texas January 17, 2010
$110340.00 9 5.4% $1292.21 First Bank & Trust of Clarendon October 30, 2010

Conclusion of Cora’s unsecured loan

In the end, Cora was able to find an unsecured loan for $16000 with an interest rate of 5.8% interest APR from Ben Milam Savings and Loan Association in Dallas, Texas repayable over 1 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.