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$138000 Home Loan In Austin Texas With Credit Score 463 For Rubin

$138000 Home Loan – Austin Texas, Credit Score Of 463

  • Experian: 475 – This client had a bad Experian rating
  • Transunion: 448 – Rubin had a bad credit score with Transunion.
  • Equifax: Rubin’s Experian score was 463, which is a bad credit score on the Experian rating scheme.

8 Months in the Past, Rubin Attempted Finding a High Risk Loan for $41,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to find high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Rubin. Rubin decided not to get a high risk loan this time. High Risk loans are given to terrible credit clients. Clients with credit ratings as low as 522 can apply for a high risk loan and have a chance to be approved.

Personal Loan for a veterinary assistant named Rubin in Austin, Texas to Pay Off Atlantic Stewardship Bank Visa Signature Bonus Rewards PLUS Card

Rubin had a lot of credit card debt on their Atlantic Stewardship Bank Visa Business Bonus Rewards Card and their Steuben Trust Visa Business Card, and they were starting to get in over their heads. Despite Rubin’s job as a veterinary assistant, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan found in Austin, Texas for $138000 with bad credit by Rubin

Many clients struggle with finding signature loans in Austin, Texas, and Rubin is the same. Rubin went to 5 lending institutions or more prior to finding Bank of Texas, who offered Rubin a signature loan for $138000. Typical signature loans simply need a client, like Rubin’s signature to obtain them, up to $27,000 in some cases. Rubin was able to get $138000 as a home loan, which is very high for a home loan. Since signature loans do not require collateral, these loans tend to require higher credit, as high as 775

Contact Details for Bank of Texas, the provider of this home loan

  • Bank of Texas
  • City: Austin
  • State: Texas
  • Address: 1005 Congress Avenue, Suite 100
  • County: Travis
  • Zip code: 78701

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

Rubin has always wanted to be a narcotics investigator, but would need attend University of Nebraska – Lincoln again to achieve it. Rubin has other prospects as well, including recreational vehicle mechanic, biomedical equipment technician, and computer programmer, which pay $57,000 through to $102,000 per year, at least. Because of this, we believe that Rubin can pay for this home loan of $138000.

Client Profile: Rubin Froberg of Austin, Texas
  • Full name (Changed if requested): Rubin Froberg
  • Current Credit: loans.hit.utils.Fico@7fbe847c
  • Current City: Austin
  • State: Texas
  • Zip code: 78709
  • Yearly income: $41,000
  • Current Job: veterinary assistant
  • Current County: Travis
  • Goal Yearly Income: $105,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Before applying for this home loan, Rubin had an Experian score of 475, which is bad, so Bank of Texas likely cannot provide Rubin a home loan

Experian Score: 475

Fast Loans for Rubin in Austin, Texas to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Austin, Texas aren’t actually that difficult to obtain, especially if you have some gumption like Rubin. Rubin was able to find a fast loan for $138000 from First Bank & Trust of Clarendon and First State Bank, but declined both offers in favor of their home loan from Bank of Texas. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better if a borrower is in a time sensitive situation.

When Rubin was 23, they tried to obtain a student loan from 6 different lenders, which damaged their credit score. Below is a list of Rubin’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on April 4, 2013
  • Attempt 2) Loan for $35,000.00 on April 26, 2011
  • Attempt 3) Loan for $31,000.00 on April 20, 2011
  • Attempt 4) Loan for $35,000.00 on November 17, 2013
  • Attempt 5) Loan for $26,000.00 on November 6, 2011
  • Attempt 6) Loan for $37,000.00 on February 20, 2010

Installment loan for Rubin, a graduate of University of Nebraska – Lincoln and a veterinary assistant working for over $65,000 per year

Rubin, an alumnus at University of Nebraska – Lincoln and a veterinary assistant in Austin, Texas wants a home loan to purchase a new cell phone. Rubin has instead decided to get an installment loan for $19,000 and is at present seeking lenders like Comerica Bank to process their request.

Previous requests on Rubin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$136750.00 3 7.2% $4234.96 Comerica Bank March 14, 2012
$136770.00 11 8.8% $1620.81 First Star Bank, S.S.B. November 26, 2012
$137410.00 3 7.3% $4261.7 Brownfield State Bank & Trust Co. June 16, 2013
$136860.00 5 6.4% $2671.42 First Bank & Trust, Bryan, Texas December 14, 2014
$136650.00 3 7.6% $4256.94 First Bank & Trust of Clarendon June 4, 2015

Multiple other requests for credit have been made by Rubin in the past, including one from First Federal Bank, FSB in Austin, Texas before Rubin was accepted for the $138000 by Bank of Texas

Rubin made 6 previous tries to obtain a home loan, 2 of which were with First Federal Bank, FSB, a lender in Austin, Texas known to specialize in home loans specifically. Before finding Bank of Texas, Rubin was very concerned due to their inexperience and bad credit score.

Rubin’s Transunion score was altered by the home loan loan, changing to 448 from 463, which is normal in our experience.

Transunion Score: 448

Rubin’s Overall FICO score at the time of acceptance for a home loan, taking into account their veterinary assistant job and their future career as a narcotics investigator

Fico Score: 463

Paraphrased and Standardized Quote from Rubin for this home loan of $138000, provided by Bank of Texas

Hi, I am Rubin and I’m from Austin in Texas. Travis, county is where I grew up, and now I need a home loan in Texas for $138000 to renovate my home. It has been difficult, but Bank of Texas really came through for me with this loan for 6.3% interest APR and a term of 1 years. I will repay the loan over the 1 year term, including interest. A big thanks to Bank of Texas for giving me a chance and my bad credit. It look me 7 years to create my credit to 463, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

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

Most debt consolidation loans vary from $23,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Rubin required a debt consolidation loan to pay for their existing home loan and their credit card. Rubin was able to find a home loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 4.0%.

Rubin was rejected by Commercial State Bank 4 times before being approved by Bank of Texas at 1005 Congress Avenue, Suite 100

On December 7, 2008, Rubin applied about borrowing $45,000 from Texas Commerce Bank – Rio Grande Valley, National Association with Crista, their friend from just outside Austin, and even with the co-signer, Rubin was rejected for this home loan. With bad credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Conclusion of Rubin’s home loan

In the end, Rubin was able to find a home loan for $138000 with an interest rate of 7.1% interest APR from Bank of Texas in Austin, Texas repayable over 1 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.