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Low Rate Private Loan For Michaela In La Grange, Texas

$8000 Private Loan – La Grange Texas, Credit Score Of 525

  • Experian: 542 – They had a fair Experian score
  • Transunion: 512 – Michaela had a fair credit rating with Transunion.
  • Equifax: Michaela’s Experian score was 525, which is a fair credit rating using the Experian scale.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans vary from $21,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Michaela needed a debt consolidation loan to pay for their existing private loan and their credit card. Michaela was able to find a private loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.6%.

Paraphrased and Standardized Quote from Michaela for this private loan of $8000, provided by State Bank

Hello, I am Michaela and my hometown is La Grange in Texas. Fayette, county is where I grew up, and now I need a private loan in Texas for $8000 to avoid bankruptcy. It wasn’t easy, but State Bank really came through for me with this loan for 9.3% interest APR and a term of 13 years. I can probably repay the loan over the 13 year term, including interest. A big thanks to State Bank for giving me a chance and my fair credit. It look me 9 years to build my credit to 525, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.

Installment loan for Michaela, a graduate of Ashland University and a radio & tv producer working for over $65,000 per year

Michaela, an alumnus at Ashland University and a radio & tv producer in La Grange, Texas needs a private loan to purchase a car. Michaela has instead chosen to obtain an installment loan for $9,000 and is currently seeking lenders like First Bank & Trust, Bryan, Texas to provide it.

Contact Details for State Bank, the provider of this private loan

  • State Bank
  • City: La Grange
  • State: Texas
  • Address: 202 West Colorado Street
  • County: Fayette
  • Zip code: 78945

Michaela was not approved by Austin Bank, Rusk, Texas 6 times before being granted funding by State Bank at 202 West Colorado Street

On February 20, 2012, Michaela inquired about borrowing $31,000 from Brownfield State Bank & Trust Co. with Ronnie, their in law from just outside La Grange, and even with the co-signer, Michaela was rejected for this private loan. With fair credit, it can be very hard to procure funding, even with collateral and a co-signer.

Michaela’s Transunion score was changed by the private loan loan, changing to 512 from 525, which is typical in our experience.

Transunion Score: 512

Fast Loans for Michaela in La Grange, Texas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in La Grange, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Michaela. Michaela was able to find a fast loan for $8000 from First State Bank and Guaranty Bank & Trust, N.A., but turned down both offers in favor of their private loan from State Bank. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference in the case that a borrower is in a time sensitive situation.

When Michaela was 22, they tried to obtain a student loan from 6 alternate lenders, which harmed their credit score. Below is a list of Michaela’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on March 29, 2010
  • Attempt 2) Loan for $33,000.00 on May 10, 2011
  • Attempt 3) Loan for $31,000.00 on December 23, 2011
  • Attempt 4) Loan for $26,000.00 on September 11, 2011
  • Attempt 5) Loan for $21,000.00 on October 1, 2011
  • Attempt 6) Loan for $20,000.00 on August 5, 2010

Michaela has a very low current yearly income, but has a high number of prospects

Michaela has always wanted to be a traffic agent, but would have to attend Ashland University again to become one. Michaela has other possibilities as well, including middle school administrator, middle school guidance counselor, and finance manager, which pay $53,000 through to $106,000 per year, on average. Because of this, we believe that Michaela can afford this private loan of $8000.

Many past requests for credit have been made by Michaela in the past, including one from The First National Bank of Jefferson in La Grange, Texas before Michaela was approved for the $8000 by State Bank

Michaela made 7 previous attempts to obtain a private loan, 2 of which were with The First National Bank of Jefferson, a lender in La Grange, Texas known to specialize in private loans specifically. Before finding State Bank, Michaela was concerned due to their inexperience and fair credit rating.

6 Months in the Past, Michaela Attempted Finding a High Risk Loan for $44,000.00, and it was Easy

There is an well known struggle for borrowers to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Michaela. Michaela chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit clients. Clients with credit scores as low as 388 can apply for a high risk loan and may be be approved.

Before applying for this private loan, Michaela had an Experian score of 542, which is fair, so State Bank most likely can provide Michaela a private loan

Experian Score: 542

Signature Loan easily acquired in La Grange, Texas for $8000 with fair credit by Michaela

Many clients struggle with finding signature loans in La Grange, Texas, and Michaela is the same. Michaela went to 7 lending institutions or more prior to settling on State Bank, who offered Michaela a signature loan for $8000. Typical signature loans simply need a client, like Michaela’s signature to obtain them, up to $28,000 in some cases. Michaela was able to get $8000 as a private loan, which is very high for a private loan. Since signature loans do not require a cosigner, these loans generally need better credit, as high as 784

Personal Loan for a radio & tv producer named Michaela in La Grange, Texas to Pay Off Rewards Visa Signature Card

Michaela had a lot of credit card debt on their New York Yankees BankAmericard Cash Rewards MasterCard and their Alaska Airlines Visa Signature Card, and they were starting to get in over their heads. Despite Michaela’s job as a radio & tv producer, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Client Profile: Michaela Pasinski of La Grange, Texas
  • Full name (Changed if requested): Michaela Pasinski
  • Current Credit: loans.hit.utils.Fico@3fa77460
  • Current City: La Grange
  • State: Texas
  • Zip code: 78948
  • Yearly income: $52,000
  • Current Job: radio & tv producer
  • Current County: Fayette
  • Goal Yearly Income: $100,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Previous requests on Michaela’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$61750.00 10 8.4% $762.31 Comerica Bank August 8, 2013
$62210.00 5 5.8% $1196.92 First Star Bank, S.S.B. September 24, 2013
$61820.00 5 8.7% $1274.3 Brownfield State Bank & Trust Co. February 1, 2014
$61630.00 4 6.2% $1453.04 First Bank & Trust, Bryan, Texas March 28, 2014
$62450.00 6 11.6% $1207.96 First Bank & Trust of Clarendon December 14, 2014

Michaela’s Overall FICO score at the time of acceptance for a private loan, taking into account their radio & tv producer job and their future job as a traffic agent

Fico Score: 525

Conclusion of Michaela’s private loan

In the end, Michaela was able to find a private loan for $8000 with an interest rate of 11.4% interest APR from State Bank in La Grange, Texas repayable over 13 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.