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Low Rate Consolidation Loan For Nichole In El Paso, Texas

$56000 Consolidation Loan – El Paso Texas, Credit Score Of 537

  • Experian: 556 – The client had a fair Experian rating
  • Transunion: 522 – Nichole had a fair credit rating with Transunion.
  • Equifax: Nichole’s Experian score was 537, which is a fair credit rating with the Experian rating scheme.

Before applying for this consolidation loan, Nichole had an Experian score of 556, which is fair, so Texas Commerce Bank-Chamizal, National Association probably cannot provide Nichole a consolidation loan

Experian Score: 556

Personal Loan for a custom tailor named Nichole in El Paso, Texas to Pay Off American Eagle Outfitters Visa Credit Card

Nichole had a tonne of credit card debt on their Five Star Bank Visa Signature Bonus Rewards Card and their TD Easy Rewards Business Visa Credit Card, and they were starting to get in over their heads. Despite Nichole’s job as a custom tailor, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Nichole’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their custom tailor job and their future job as a technical & scientific publications editor

Fico Score: 537

9 Months Ago, Nichole Tried to Find a High Risk Loan for $27,000.00, and it was Hard

It is an well known struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Nichole. Nichole decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Borrowers with credit scores as low as 375 can inquire for a high risk loan and may be be approved.

Nichole was not approved by MBank Greenville, National Association 7 times before being approved by Texas Commerce Bank-Chamizal, National Association at 5760 Alameda

On March 18, 2010, Nichole applied about borrowing $13,000 from Farmers State Bank of Madisonville, Texas with Alden, their friend from just outside El Paso, and even with the co-signer, Nichole was rejected for this consolidation loan. With fair credit, it can be difficult to obtain financing, even with collateral and a co-signer.

When Nichole was 21, they tried to obtain a student loan from 5 different lenders, which damaged their credit score. Below is a chronology of Nichole’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on February 10, 2012
  • Attempt 2) Loan for $21,000.00 on September 10, 2010
  • Attempt 3) Loan for $23,000.00 on September 9, 2011
  • Attempt 4) Loan for $39,000.00 on November 26, 2012
  • Attempt 5) Loan for $32,000.00 on November 29, 2010
Client Profile: Nichole Jungling of El Paso, Texas
  • Full name (Changed if requested): Nichole Jungling
  • Current Credit: loans.hit.utils.Fico@6e5e91e4
  • Current City: El Paso
  • State: Texas
  • Zip code: 79988
  • Yearly income: $56,000
  • Current Job: custom tailor
  • Current County: El Paso
  • Goal Yearly Income: $149,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Nichole has a very low current total income, but has a high number of prospects

Nichole has always wanted to be a technical & scientific publications editor, but would have to attend Arizona State University again to achieve it. Nichole has other possibilities as well, including controller, range manager, and teachers aide, which pay $57,000 through to $102,000 per year, on average. For this reason, we think that Nichole can afford this consolidation loan of $56000.

Contact Details for Texas Commerce Bank-Chamizal, National Association, the provider of this consolidation loan

  • Texas Commerce Bank-Chamizal, National Association
  • City: El Paso
  • State: Texas
  • Address: 5760 Alameda
  • County: El Paso
  • Zip code: 79983

Previous requests on Nichole’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$56880.00 9 10.8% $825.64 Comerica Bank May 25, 2011
$57120.00 3 7.2% $1768.93 First Star Bank, S.S.B. July 5, 2012
$56660.00 5 11.8% $1254.65 Brownfield State Bank & Trust Co. November 17, 2012
$57390.00 4 9.7% $1447.3 First Bank & Trust, Bryan, Texas July 17, 2014
$56810.00 3 5.8% $1723.13 First Bank & Trust of Clarendon January 14, 2015

Signature Loan easily acquired in El Paso, Texas for $56000 with fair credit by Nichole

Many prospective borrowers have difficulty with finding signature loans in El Paso, Texas, and Nichole is the same. Nichole went to 5 lenders or more before settling on Texas Commerce Bank-Chamizal, National Association, who offered Nichole a signature loan for $56000. Most signature loans simply require a client, like Nichole’s signature to obtain them, up to $33,000 in some cases. Nichole was able to get $56000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans don’t need collateral, these loans generally need higher credit, as high as 708

Installment loan for Nichole, a graduate of Arizona State University and a custom tailor working for over $64,000 per year

Nichole, an alumnus at Arizona State University and a custom tailor in El Paso, Texas needs a consolidation loan to purchase a car. Nichole has instead decided to get an installment loan for $28,000 and is currently seeking lenders like Austin Bank, Rusk, Texas to process their request.

Several other requests for credit have been made by Nichole in the past, including one from The Corning Bank in El Paso, Texas before Nichole was approved for the $56000 by Texas Commerce Bank-Chamizal, National Association

Nichole made 6 prior attempts to obtain a consolidation loan, 2 of which were with The Corning Bank, a bank in El Paso, Texas known to specialize in consolidation loans specifically. Prior to finding Texas Commerce Bank-Chamizal, National Association, Nichole was very concerned due to their inexperience and fair credit score.

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

Average debt consolidation loans vary from $31,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Nichole required a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Nichole was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your bad, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.5%.

Paraphrased and Standardized Quote from Nichole for this consolidation loan of $56000, provided by Texas Commerce Bank-Chamizal, National Association

Hi, I am Nichole and I’m from El Paso in Texas. El Paso, county is where I grew up, and now I need a consolidation loan in Texas for $56000 to pay bills. It wasn’t easy, but Texas Commerce Bank-Chamizal, National Association really came through for me with this loan for 8.6% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to Texas Commerce Bank-Chamizal, National Association for giving me a chance and my fair credit. It look me 7 years to build my credit to 537, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Fast Loans for Nichole in El Paso, Texas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in El Paso, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Nichole. Nichole was able to find a fast loan for $56000 from First City Bank of Richardson and First RepublicBank Forney, but declined both offers in favor of their consolidation loan from Texas Commerce Bank-Chamizal, National Association. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. Much better if a borrower is on the go.

Nichole’s Transunion score was altered by the consolidation loan loan, changing to 522 from 537, which is typical in our experience.

Transunion Score: 522

Conclusion of Nichole’s consolidation loan

In the end, Nichole was able to find a consolidation loan for $56000 with an interest rate of 8.1% interest APR from Texas Commerce Bank-Chamizal, National Association in El Paso, Texas repayable over 16 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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