$108000 Student Loan – Dumas Texas, Credit Rating Of 405
- Experian: 423 – The client had a bad Experian rating
- Transunion: 393 – Autumn had a bad credit score with Transunion.
- Equifax: Autumn’s Experian score was 405, which is a bad credit score on the Experian scale.
6 Months in the Past, Autumn Tried Finding a High Risk Loan for $26,000.00, and it was Hard
There is an ongoing struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Autumn. Autumn chose not to get a high risk loan this time. High Risk loans are given to very low credit borrowers. Individuals with credit scores as low as 581 can inquire for a high risk loan and possibly can be accepted.
Contact Details for First National Bank of Dumas, the provider of this student loan
- First National Bank of Dumas
- City: Dumas
- State: Texas
- Address: Fifth Street And Dumas Avenue
- County: Moore
- Zip code: 79029
Autumn’s Transunion score was altered by the student loan loan, changing to 393 from 405, which is typical in our experience.
Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans vary from $25,000.00 to $46,000.00. They are normally used to pay off existing high interest loans like credit cards. Autumn required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Autumn was able to find a student loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.1%.
Autumn was not approved by Guaranty Bank & Trust, N.A. 6 times prior to being granted funding by First National Bank of Dumas at Fifth Street And Dumas Avenue
On June 4, 2010, Autumn inquired about borrowing $34,000 from First State Bank with Blanch, their friend from just outside Dumas, and even with the co-signer, Autumn was rejected for this student loan. With bad credit, it can be very hard to procure financing, even with collateral and a co-signer.
When Autumn was 24, they tried to obtain a student loan from 4 alternate banks, which harmed their credit score. Below is a list of Autumn’s previous attempts at finding a student loan:
- Attempt 1) Loan for $34,000.00 on June 27, 2009
- Attempt 2) Loan for $23,000.00 on December 8, 2010
- Attempt 3) Loan for $35,000.00 on December 20, 2008
- Attempt 4) Loan for $32,000.00 on June 30, 2009
Multiple previous requests for credit have been made by Autumn in the past, including one from Nara Bank in Dumas, Texas before Autumn was accepted for the $108000 by First National Bank of Dumas
Autumn made 8 prior attempts to obtain a student loan, 2 of which were with Nara Bank, a lender in Dumas, Texas known to specialize in student loans specifically. Prior to finding First National Bank of Dumas, Autumn was desperate due to their inexperience and bad credit score.
Installment loan for Autumn, a graduate of Ocean County Vocational-Technical School and a dietitian and nutritionist working for over $62,000 per year
Autumn, an alumnus at Ocean County Vocational-Technical School and a dietitian and nutritionist in Dumas, Texas wants a student loan to purchase something frivolous. Autumn has instead decided to get an installment loan for $11,000 and is at present seeking lenders like First State Bank of Mathis to provide it.
Before applying for this student loan, Autumn had an Experian score of 423, which is bad, so First National Bank of Dumas probably cannot provide Autumn a student loan
- Full name (Changed if requested): Autumn Caya
- Current Credit: loans.hit.utils.Fico@41906a77
- Current City: Dumas
- State: Texas
- Zip code: 79030
- Yearly income: $63,000
- Current Job: dietitian and nutritionist
- Current County: Moore
- Goal Yearly Income: $138,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Fast Loans for Autumn in Dumas, Texas to prevent bankruptcy or harm from debt collectors.
Fast loans in Dumas, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Autumn. Autumn was able to find a fast loan for $108000 from Citizens State Bank of Dalhart and Eden State Bank, but turned down both offers in favor of their student loan from First National Bank of Dumas. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big improvement if a borrower is on the go.
Previous requests on Autumn’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$138470.00||4||10.4%||$3538.62||Comerica Bank||July 6, 2011|
|$137890.00||8||11.1%||$2173.48||First Star Bank, S.S.B.||June 19, 2013|
|$138200.00||6||10.5%||$2595.25||Brownfield State Bank & Trust Co.||May 28, 2014|
|$138260.00||9||9.1%||$1879.78||First Bank & Trust, Bryan, Texas||January 4, 2015|
Autumn’s Overall FICO score at the time of acceptance for a student loan, taking into account their dietitian and nutritionist job and their future job as a hazardous waste management analyst
Autumn has a low current total income, but has a high number of prospects
Autumn has always wanted to be a hazardous waste management analyst, but would have to attend Ocean County Vocational-Technical School again to become one. Autumn has other possibilities as well, including commercial fisherman, environmental science professsor, and transit and railroad police, which pay $52,000 through to $102,000 per year, on average. Because of this, we believe that Autumn can afford this student loan of $108000.
Signature Loan easily acquired in Dumas, Texas for $108000 with bad credit by Autumn
A lot of prospective borrowers have difficulty with obtaining signature loans in Dumas, Texas, and Autumn is not an exception. Autumn went to 6 lenders or more prior to finding First National Bank of Dumas, who offered Autumn a signature loan for $108000. Most signature loans simply need a client, like Autumn’s signature to obtain them, up to $38,000 in some cases. Autumn was able to get $108000 as a student loan, which is very high for a student loan. Since signature loans don’t require a cosigner, these loans tend to need higher credit, as high as 723
Personal Loan for a dietitian and nutritionist named Autumn in Dumas, Texas to Pay Off Princess Cruises Rewards Visa Card
Autumn had a lot of credit card debt on their RBC Visa Cash Back Card and their Shell Platinum MasterCard, and they were starting to get in over their heads. Despite Autumn’s job as a dietitian and nutritionist, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Paraphrased and Standardized Quote from Autumn for this student loan of $108000, provided by First National Bank of Dumas
Hello, I am Autumn and I am from Dumas in Texas. Moore, county is where I grew up, and now I need a student loan in Texas for $108000 to renovate my home. It wasn’t easy, but First National Bank of Dumas really came through for me with this loan for 9.8% interest APR and a term of 6 years. I can probably repay the loan over the 6 year term, including interest. A big thanks to First National Bank of Dumas for trusting me and my bad credit. It look me 9 years to create my credit to 405, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.
Conclusion of Autumn’s student loan
In the end, Autumn was able to find a student loan for $108000 with an interest rate of 7.2% interest APR from First National Bank of Dumas in Dumas, Texas repayable over 6 years from now.