$112000 Secured Loan – Bay City Texas, Credit Score Of 729
- Experian: 748 – They had an excellent Experian score
- Transunion: 714 – Sherise had an excellent credit score with Transunion.
- Equifax: Sherise’s Experian score was 729, which is an excellent credit score on the Experian system.
Multiple other requests for credit have been made by Sherise in the past, including one from Marine National Bank of Naples in Bay City, Texas before Sherise was approved for the $112000 by Bay City Bank & Trust Co.
Sherise made 4 previous tries to obtain a secured loan, 2 of which were with Marine National Bank of Naples, a lender in Bay City, Texas known to specialize in secured loans specifically. Prior to finding Bay City Bank & Trust Co., Sherise was very concerned due to their inexperience and excellent credit rating.
When Sherise was 19, they attempted to obtain a student loan from 4 alternate banks, which harmed their credit rating. Below is a chronology of Sherise’s previous attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on December 24, 2010
- Attempt 2) Loan for $30,000.00 on May 3, 2009
- Attempt 3) Loan for $38,000.00 on January 23, 2012
- Attempt 4) Loan for $23,000.00 on January 3, 2012
Personal Loan for a travel writer named Sherise in Bay City, Texas to Pay Off Toys ‘R Us Credit Card
Sherise had a tonne of credit card debt on their First Vineyard Prepaid MasterCard and their AOPA WorldPoints Rewards World MasterCard Credit Card, and they were starting to get in over their heads. Despite Sherise’s job as a travel writer, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Before applying for this secured loan, Sherise had an Experian score of 748, which is excellent, so Bay City Bank & Trust Co. most likely cannot provide Sherise a secured loan
Sherise was rejected by First RepublicBank Clifton 7 times prior to being granted funding by Bay City Bank & Trust Co. at 1900 Seventh Street
On January 1, 2010, Sherise applied about borrowing $7,000 from Vista Bank with Robbie, their in law from just outside Bay City, and even with the co-signer, Sherise was rejected for this secured loan. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.
Sherise’s Overall FICO score at the time of acceptance for a secured loan, taking into account their travel writer job and their future career as a physical education instructor
- Full name (Changed if requested): Sherise Zannino
- Current Credit: loans.hit.utils.Fico@626b2d4a
- Current City: Bay City
- State: Texas
- Zip code: 77422
- Yearly income: $47,000
- Current Job: travel writer
- Current County: Matagorda
- Goal Yearly Income: $134,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Contact Details for Bay City Bank & Trust Co., the provider of this secured loan
- Bay City Bank & Trust Co.
- City: Bay City
- State: Texas
- Address: 1900 Seventh Street
- County: Matagorda
- Zip code: 77414
Installment loan for Sherise, a graduate of County College of Morris and a travel writer working for over $76,000 per year
Sherise, an alumnus at County College of Morris and a travel writer in Bay City, Texas needs a secured loan to purchase a new cell phone. Sherise has instead chosen to get an installment loan for $2,000 and is currently seeking lenders like First RepublicBank Forney to process their request.
6 Months in the Past, Sherise Attempted to Find a High Risk Loan for $28,000.00, but They Didn’t Find What They were Expecting
It is an existing struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Sherise. Sherise chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Clients with credit scores as low as 439 can inquire for a high risk loan and possibly can be approved.
Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans vary from $26,000.00 to $49,000.00. They are typically used to pay off existing high interest loans like credit cards. Sherise required a debt consolidation loan to pay for their existing secured loan and their payday loan. Sherise was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your bad, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 4.7%.
Fast Loans for Sherise in Bay City, Texas to prevent bankruptcy or harm from debt collectors.
Fast loans in Bay City, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Sherise. Sherise was able to find a fast loan for $112000 from First RepublicBank Forney and Silsbee State Bank, but turned down both offers in favor of their secured loan from Bay City Bank & Trust Co.. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. An improvement if a borrower is in a time sensitive situation.
Previous requests on Sherise’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$43460.00||3||10.5%||$1412.56||Comerica Bank||March 2, 2013|
|$43380.00||4||7.5%||$1048.88||First Star Bank, S.S.B.||April 25, 2014|
|$43450.00||4||7.2%||$1044.5||Brownfield State Bank & Trust Co.||January 6, 2015|
|$43380.00||6||11.8%||$843.58||First Bank & Trust, Bryan, Texas||February 10, 2015|
Sherise has a very low current total income, but has a high number of prospects
Sherise has always wanted to be a physical education instructor, but would have to attend County College of Morris again to become one. Sherise has other prospects as well, including quarry worker, caption writer, and radio & tv program director, which pay $57,000 through to $108,000 per year, at least. For this reason, we believe that Sherise can afford this secured loan of $112000.
Paraphrased and Standardized Quote from Sherise for this secured loan of $112000, provided by Bay City Bank & Trust Co.
Hello, I am Sherise and I’m from Bay City in Texas. Matagorda, county is where I grew up, and now I need a secured loan in Texas for $112000 to pay bills. It wasn’t easy, but Bay City Bank & Trust Co. really came through for me with this loan for 10.3% interest APR and a term of 23 years. I can repay the loan over the 23 year term, including interest. A big thanks to Bay City Bank & Trust Co. for giving me a chance and my excellent credit. It look me 6 years to create my credit to 729, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.
Sherise’s Transunion score was changed by the secured loan loan, changing to 714 from 729, which is typical in our experience.
Signature Loan easily acquired in Bay City, Texas for $112000 with excellent credit by Sherise
Most borrowers have difficulty with finding signature loans in Bay City, Texas, and Sherise is not an exception. Sherise went to 6 lending institutions or more prior to settling on Bay City Bank & Trust Co., who offered Sherise a signature loan for $112000. Most signature loans simply need a client, like Sherise’s signature to get them, up to $27,000 in some cases. Sherise was able to get $112000 as a secured loan, which is very high for a secured loan. Because signature loans don’t require a cosigner, they generally need higher credit, as high as 738
Conclusion of Sherise’s secured loan
In the end, Sherise was able to find a secured loan for $112000 with an interest rate of 9.6% interest APR from Bay City Bank & Trust Co. in Bay City, Texas repayable over 23 years from today.