$64000 Secured Loan – Irving Texas, Credit Score Of 536
- Experian: 555 – The client had a fair Experian score
- Transunion: 522 – Charmain had a fair credit score with Transunion.
- Equifax: Charmain’s Experian score was 536, which is a fair credit rating on the Experian rating scheme.
Personal Loan for a mental health counselor named Charmain in Irving, Texas to Pay Off AeroMexico Visa Signature Card- from US Bank
Charmain had a tonne of credit card debt on their US Bank Perks+ Visa Platinum Card and their RBC Visa Cash Back Card, and they were starting to get in over their heads. Despite Charmain’s job as a mental health counselor, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Fast Loans for Charmain in Irving, Texas to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Irving, Texas aren’t actually that difficult to obtain, especially if you have some gumption like Charmain. Charmain was able to find a fast loan for $64000 from First State Bank of Matador and Arrowhead Bank, but declined both offers in favor of their secured loan from First Bank/Las Colinas. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big difference in the case that a client is in a time sensitive situation.
Installment loan for Charmain, a graduate of Baker University and a mental health counselor working for over $60,000 per year
Charmain, an alumnus at Baker University and a mental health counselor in Irving, Texas wants a secured loan to purchase a car. Charmain has instead chosen to obtain an installment loan for $28,000 and is at present seeking lenders like MBank Greenville, National Association to process their request.
Charmain has a very low current total income, but has several of prospects
Charmain has always wanted to be a platemakers, but would have to attend Baker University again to become one. Charmain has other possibilities as well, including intelligence specialist, marine engineer, and armored assault vehicle crew member, which pay $54,000 through to $100,000 per year, on average. For this reason, we believe that Charmain can pay for this secured loan of $64000.
- Full name (Changed if requested): Charmain Manvelyan
- Current Credit: loans.hit.utils.Fico@6bf2d08e
- Current City: Irving
- State: Texas
- Zip code: 75071
- Yearly income: $69,000
- Current Job: mental health counselor
- Current County: Dallas
- Goal Yearly Income: $104,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $0
Multiple past requests for credit have been made by Charmain in the past, including one from Exchange State Bank in Irving, Texas before Charmain was approved for the $64000 by First Bank/Las Colinas
Charmain made 5 previous attempts to obtain a secured loan, 2 of which were with Exchange State Bank, a lending institution in Irving, Texas known to specialize in secured loans specifically. Prior to finding First Bank/Las Colinas, Charmain was very concerned due to their inexperience and fair credit score.
Paraphrased and Standardized Quote from Charmain for this secured loan of $64000, provided by First Bank/Las Colinas
Hi, I am Charmain and I am from Irving in Texas. Dallas, county is where I grew up, and now I need a secured loan in Texas for $64000 to pay bills. It wasn’t easy, but First Bank/Las Colinas really came through for me with this loan for 11.8% interest APR and a term of 17 years. I can repay the loan over the 17 year term, including interest. A big thanks to First Bank/Las Colinas for trusting me and my fair credit. It look me 9 years to create my credit to 536, and I won’t tarnish it any more. I am happy with Find Texas Loans for assisting me this far.
Previous requests on Charmain’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$146410.00||11||11.1%||$1925.34||Comerica Bank||November 15, 2009|
|$146360.00||9||5.4%||$1714.05||First Star Bank, S.S.B.||June 22, 2010|
|$145770.00||7||10.5%||$2457.78||Brownfield State Bank & Trust Co.||January 20, 2011|
|$145780.00||11||7.2%||$1602.01||First Bank & Trust, Bryan, Texas||May 22, 2014|
|$146450.00||11||8.1%||$1679.69||First Bank & Trust of Clarendon||May 30, 2015|
Before applying for this secured loan, Charmain had an Experian score of 555, which is fair, so First Bank/Las Colinas most likely cannot provide Charmain a secured loan
Signature Loan easily acquired in Irving, Texas for $64000 with fair credit by Charmain
A lot of borrowers have difficulty with obtaining signature loans in Irving, Texas, and Charmain is not an exception. Charmain went to 4 lenders or more prior to finding First Bank/Las Colinas, who offered Charmain a signature loan for $64000. Typical signature loans simply need a client, like Charmain’s signature to get them, up to $49,000 in some cases. Charmain was able to get $64000 as a secured loan, which is very high for a secured loan. Because signature loans do not need a cosigner, they generally need improved credit, as high as 734
When Charmain was 22, they attempted to obtain a student loan from 7 different banks, which damaged their credit score. Below is a chronology of Charmain’s prior attempts at finding a student loan:
- Attempt 1) Loan for $35,000.00 on May 29, 2010
- Attempt 2) Loan for $36,000.00 on December 9, 2009
- Attempt 3) Loan for $30,000.00 on March 20, 2012
- Attempt 4) Loan for $28,000.00 on May 3, 2009
- Attempt 5) Loan for $37,000.00 on December 30, 2010
- Attempt 6) Loan for $31,000.00 on July 6, 2012
- Attempt 7) Loan for $25,000.00 on October 3, 2009
6 Months Ago, Charmain Tried Finding a High Risk Loan for $48,000.00, and it was Easy
It is an existing struggle for clients to get high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Charmain. Charmain chose not to get a high risk loan this time. High Risk loans are given to terrible credit borrowers. Borrowers with credit scores as low as 469 can apply for a high risk loan and have a chance to be accepted.
Charmain was declined by Arrowhead Bank 7 times prior to being approved by First Bank/Las Colinas at 2101 Gateway Drive
On January 29, 2013, Charmain inquired about borrowing $34,000 from Eden State Bank with Miguelina, their in law from just outside Irving, and even with the co-signer, Charmain was rejected for this secured loan. With fair credit, it can be challenging to obtain financing, even with collateral and a co-signer.
Charmain’s Transunion score was changed by the secured loan loan, changing to 522 from 536, which is normal in our experience.
Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $37,000.00 to $44,000.00. They are normally used to pay off existing high interest loans like credit cards. Charmain needed a debt consolidation loan to pay for their existing secured loan and their credit card. Charmain was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.4%.
Charmain’s Overall FICO score at the time of acceptance for a secured loan, taking into account their mental health counselor job and their future job as a platemakers
Contact Details for First Bank/Las Colinas, the provider of this secured loan
- First Bank/Las Colinas
- City: Irving
- State: Texas
- Address: 2101 Gateway Drive
- County: Dallas
- Zip code: 75062
Conclusion of Charmain’s secured loan
In the end, Charmain was able to find a secured loan for $64000 with an interest rate of 11.3% interest APR from First Bank/Las Colinas in Irving, Texas repayable over 17 years from today.