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20 Month, Variable Interest High Risk Loan For Garry In Texas

$56000 High Risk Loan – Chillicothe Texas, Credit Rating Of 616

  • Experian: 628 – This client had a good Experian rating
  • Transunion: 601 – Garry had a good credit rating with Transunion.
  • Equifax: Garry’s Experian score was 616, which is a good credit rating on the Experian rating scheme.

Personal Loan for a medical records administrator named Garry in Chillicothe, Texas to Pay Off M&T Bank Visa Business Bonus Rewards Card

Garry had a tonne of credit card debt on their Detroit Tigers BankAmericard Cash Rewards MasterCard and their BancorpSouth Platinum MasterCard, and they were starting to get in over their heads. Despite Garry’s job as a medical records administrator, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Garry was rejected by Guaranty Bank & Trust Company 5 times prior to being granted funding by The First National Bank of Chillicothe at 200 Avenue H

On February 20, 2012, Garry applied about borrowing $1,000 from First Bank & Trust of Clarendon with Charlsie, their in law from just outside Chillicothe, and even with the co-signer, Garry was rejected for this high risk loan. With good credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Multiple past requests for credit have been made by Garry in the past, including one from Bedford Federal Savings Bank, National Association in Chillicothe, Texas before Garry was accepted for the $56000 by The First National Bank of Chillicothe

Garry made 6 previous tries to obtain a high risk loan, 2 of which were with Bedford Federal Savings Bank, National Association, a lending institution in Chillicothe, Texas known to specialize in high risk loans specifically. Before finding The First National Bank of Chillicothe, Garry was concerned due to their inexperience and good credit rating.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $37,000.00 to $58,000.00. They are typically used to pay off existing high interest loans like credit cards. Garry required a debt consolidation loan to pay for their existing high risk loan and their credit card. Garry was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which changes your dirty, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.6%.

Garry’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their medical records administrator job and their future job as a forestry and conservation professor

Fico Score: 616

Previous requests on Garry’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$82540.00 5 7.5% $1653.93 Comerica Bank July 5, 2010
$83460.00 5 9.6% $1756.9 First Star Bank, S.S.B. January 8, 2011
$83240.00 7 11.7% $1456.09 Brownfield State Bank & Trust Co. October 27, 2013
$83260.00 9 9.2% $1136.43 First Bank & Trust, Bryan, Texas April 9, 2014
$83220.00 5 9.8% $1760.0 First Bank & Trust of Clarendon October 14, 2014
Client Profile: Garry Mehta of Chillicothe, Texas
  • Full name (Changed if requested): Garry Mehta
  • Current Credit: loans.hit.utils.Fico@7a92922
  • Current City: Chillicothe
  • State: Texas
  • Zip code: 79229
  • Yearly income: $51,000
  • Current Job: medical records administrator
  • Current County: Hardeman
  • Goal Yearly Income: $100,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Before applying for this high risk loan, Garry had an Experian score of 628, which is good, so The First National Bank of Chillicothe probably cannot provide Garry a high risk loan

Experian Score: 628

Installment loan for Garry, a graduate of West Virginia University at Parkersburg and a medical records administrator working for over $69,000 per year

Garry, an alumnus at West Virginia University at Parkersburg and a medical records administrator in Chillicothe, Texas needs a high risk loan to purchase a house. Garry has instead chosen to get an installment loan for $18,000 and is currently seeking lenders like First RepublicBank Clifton to process their request.

Garry has a disappointing current yearly income, but has a large amount of prospects

Garry has always wanted to be a forestry and conservation professor, but would need attend West Virginia University at Parkersburg again to achieve it. Garry has other possibilities as well, including personal service supervisor, contract specialist, and mine cutting machine operator, which pay $56,000 through to $92,000 per year, on average. For this reason, we believe that Garry can afford this high risk loan of $56000.

Paraphrased and Standardized Quote from Garry for this high risk loan of $56000, provided by The First National Bank of Chillicothe

Hello, I am Garry and I am from Chillicothe in Texas. Hardeman, county is where I grew up, and now I need a high risk loan in Texas for $56000 to pay bills. It has been difficult, but The First National Bank of Chillicothe really came through for me with this loan for 5.0% interest APR and a term of 20 years. I will repay the loan over the 20 year term, including interest. A big thanks to The First National Bank of Chillicothe for trusting me and my good credit. It look me 5 years to build my credit to 616, and I won’t tarnish it any future. I am happy with Find Texas Loans for helping me this far.

Garry’s Transunion score was changed by the high risk loan loan, changing to 601 from 616, which is normal in our experience.

Transunion Score: 601

Signature Loan acquired in Chillicothe, Texas for $56000 with good credit by Garry

Many borrowers struggle with finding signature loans in Chillicothe, Texas, and Garry is no different. Garry went to 8 lenders or more prior to finding The First National Bank of Chillicothe, who offered Garry a signature loan for $56000. Most signature loans simply require a client, like Garry’s signature to obtain them, up to $32,000 in some cases. Garry was able to get $56000 as a high risk loan, which is very high for a high risk loan. Since signature loans don’t require collateral, they tend to need higher credit, as high as 778

Contact Details for The First National Bank of Chillicothe, the provider of this high risk loan

  • The First National Bank of Chillicothe
  • City: Chillicothe
  • State: Texas
  • Address: 200 Avenue H
  • County: Hardeman
  • Zip code: 79225

When Garry was 18, they attempted to obtain a student loan from 7 alternate lenders, which harmed their credit rating. Below is a list of Garry’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $20,000.00 on December 1, 2009
  • Attempt 2) Loan for $38,000.00 on September 16, 2013
  • Attempt 3) Loan for $34,000.00 on June 30, 2009
  • Attempt 4) Loan for $36,000.00 on July 20, 2010
  • Attempt 5) Loan for $30,000.00 on November 30, 2008
  • Attempt 6) Loan for $21,000.00 on December 4, 2010
  • Attempt 7) Loan for $33,000.00 on February 3, 2009

9 Months in the Past, Garry Tried Finding a High Risk Loan for $22,000.00, and it was Hard

There is an ongoing struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Garry. Garry chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Clients with credit ratings as low as 426 can inquire for a high risk loan and possibly can be approved.

Fast Loans for Garry in Chillicothe, Texas to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Chillicothe, Texas aren’t actually that difficult to obtain, especially if you have some finesse like Garry. Garry was able to find a fast loan for $56000 from First State Bank of Mathis and Texas Commerce Bank – Rio Grande Valley, National Association, but declined both offers in favor of their high risk loan from The First National Bank of Chillicothe. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big difference in the case that a borrower is in a pinch.

Conclusion of Garry’s high risk loan

In the end, Garry was able to find a high risk loan for $56000 with an interest rate of 7.7% interest APR from The First National Bank of Chillicothe in Chillicothe, Texas repayable over 20 years from now.

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.