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$60000 Student Loan With Fair Credit In Plano Texas

$60000 Student Loan – Plano Texas, Credit Score Of 500

  • Experian: 511 – The client had a fair Experian score
  • Transunion: 483 – Beatriz had a fair credit rating with Transunion.
  • Equifax: Beatriz’s Experian score was 500, which is a fair credit rating on the Experian rating scheme.

Installment loan for Beatriz, a graduate of Oklahoma Baptist University and a computer security specialist working for over $72,000 per year

Beatriz, an alumnus at Oklahoma Baptist University and a computer security specialist in Plano, Texas needs a student loan to purchase something frivolous. Beatriz has instead chosen to get an installment loan for $12,000 and is currently seeking lenders like Farmers State Bank of Shiro, Texas to process their request.

Paraphrased and Standardized Quote from Beatriz for this student loan of $60000, provided by First Interstate Bank of Plano, National Association

Hi, I am Beatriz and I am from Plano in Texas. Collin, county is where I grew up, and now I need a student loan in Texas for $60000 to renovate my home. It wasn’t easy, but First Interstate Bank of Plano, National Association really came through for me with this loan for 7.0% interest APR and a term of 23 years. I can probably repay the loan over the 23 year term, including interest. A big thanks to First Interstate Bank of Plano, National Association for giving me a chance and my fair credit. It look me 9 years to create my credit to 500, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

Before applying for this student loan, Beatriz had an Experian score of 511, which is fair, so First Interstate Bank of Plano, National Association probably cannot provide Beatriz a student loan

Experian Score: 511

Beatriz’s Overall FICO score at the time of acceptance for a student loan, taking into account their computer security specialist job and their future career as a reliability engineer

Fico Score: 500

7 Months Ago, Beatriz Tried Finding a High Risk Loan for $25,000.00, 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 physically harmful to borrowers like Beatriz. Beatriz decided not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Borrowers with credit scores as low as 523 can apply for a high risk loan and have a chance to be approved.

Personal Loan for a computer security specialist named Beatriz in Plano, Texas to Pay Off Marriott Rewards Business Credit Card

Beatriz had a tonne of credit card debt on their Diamond Resorts International MasterCard and their PenFed Defender Visa Signature Card, and they were starting to get in over their heads. Despite Beatriz’s job as a computer security specialist, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Contact Details for First Interstate Bank of Plano, National Association, the provider of this student loan

  • First Interstate Bank of Plano, National Association
  • City: Plano
  • State: Texas
  • Address: 301 West Plano Parkway
  • County: Collin
  • Zip code: 75074

Beatriz has a very low current gross income, but has a large amount of prospects

Beatriz has always wanted to be a reliability engineer, but would have to attend Oklahoma Baptist University again to achieve it. Beatriz has other possibilities as well, including export agent, hardwood floor finisher, and funeral attendant, which pay $52,000 through to $107,000 per year, on average. For this reason, we believe that Beatriz can pay for this student loan of $60000.

Multiple other requests for credit have been made by Beatriz in the past, including one from Brookhaven Bank in Plano, Texas before Beatriz was accepted for the $60000 by First Interstate Bank of Plano, National Association

Beatriz made 5 previous attempts to obtain a student loan, 2 of which were with Brookhaven Bank, a bank in Plano, Texas known to specialize in student loans specifically. Prior to finding First Interstate Bank of Plano, National Association, Beatriz was desperate due to their inexperience and fair credit rating.

Previous requests on Beatriz’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$41200.00 8 7.6% $574.09 Comerica Bank July 18, 2011
$41170.00 9 11.2% $606.71 First Star Bank, S.S.B. May 20, 2013
$40870.00 11 10.5% $523.32 Brownfield State Bank & Trust Co. July 25, 2013
$40540.00 8 7.8% $568.99 First Bank & Trust, Bryan, Texas August 19, 2014
$41160.00 10 6.5% $467.36 First Bank & Trust of Clarendon January 5, 2015
Client Profile: Beatriz Gnegy of Plano, Texas
  • Full name (Changed if requested): Beatriz Gnegy
  • Current Credit: loans.hit.utils.Fico@50134894
  • Current City: Plano
  • State: Texas
  • Zip code: 75076
  • Yearly income: $62,000
  • Current Job: computer security specialist
  • Current County: Collin
  • Goal Yearly Income: $101,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Beatriz was rejected by Vista Bank 7 times before being accepted by First Interstate Bank of Plano, National Association at 301 West Plano Parkway

On August 20, 2010, Beatriz applied about borrowing $7,000 from The Bank and Trust, S.S.B. with Willia, their friend from just outside Plano, and even with the co-signer, Beatriz was rejected for this student loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.

When Beatriz was 19, they tried to obtain a student loan from 5 different banks, which damaged their credit score. Below is a list of Beatriz’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $26,000.00 on April 2, 2010
  • Attempt 2) Loan for $26,000.00 on April 10, 2009
  • Attempt 3) Loan for $30,000.00 on April 9, 2014
  • Attempt 4) Loan for $38,000.00 on March 15, 2010
  • Attempt 5) Loan for $27,000.00 on November 23, 2012

Signature Loan acquired in Plano, Texas for $60000 with fair credit by Beatriz

Many clients struggle with finding signature loans in Plano, Texas, and Beatriz is no exception. Beatriz went to 6 lending institutions or more before finding First Interstate Bank of Plano, National Association, who offered Beatriz a signature loan for $60000. Typical signature loans simply need a client, like Beatriz’s signature to obtain them, up to $48,000 in some cases. Beatriz was able to get $60000 as a student loan, which is very high for a student loan. Since signature loans don’t require a cosigner, these loans generally need better credit, as high as 724

Beatriz’s Transunion score was altered by the student loan loan, changing to 483 from 500, which is typical in our experience.

Transunion Score: 483

Fast Loans for Beatriz in Plano, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Plano, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Beatriz. Beatriz was able to find a fast loan for $60000 from Farmers State Bank of Shiro, Texas and First Community Bank San Antonio, National Association, but declined both offers in favor of their student loan from First Interstate Bank of Plano, National Association. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big improvement if a client is on the go.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $22,000.00 to $56,000.00. They are typically used to pay off existing high interest loans like credit cards. Beatriz required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Beatriz was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your dirty, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.2%.

Conclusion of Beatriz’s student loan

In the end, Beatriz was able to find a student loan for $60000 with an interest rate of 7.6% interest APR from First Interstate Bank of Plano, National Association in Plano, Texas repayable over 23 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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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.