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Unsecured Loan Of $44000 For Excellent Credit Texas Resident

$44000 Unsecured Loan – Brownfield Texas, Credit Score Of 817

  • Experian: 828 – This individual had an excellent Experian score
  • Transunion: 804 – Otis had an excellent credit rating with Transunion.
  • Equifax: Otis’s Experian score was 817, which is an excellent credit score with the Experian system.

When Otis was 18, they tried to obtain a student loan from 6 different lenders, which harmed their credit score. Below is a chronology of Otis’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on August 1, 2011
  • Attempt 2) Loan for $21,000.00 on October 23, 2011
  • Attempt 3) Loan for $35,000.00 on July 20, 2011
  • Attempt 4) Loan for $26,000.00 on August 11, 2011
  • Attempt 5) Loan for $33,000.00 on December 19, 2009
  • Attempt 6) Loan for $33,000.00 on October 17, 2009

Contact Details for Brownfield State Bank & Trust Co., the provider of this unsecured loan

  • Brownfield State Bank & Trust Co.
  • City: Brownfield
  • State: Texas
  • Address: 400 West Broadway
  • County: Terry
  • Zip code: 79316

7 Months in the Past, Otis Attempted to Find a High Risk Loan for $23,000.00, and it was Easy

It is an ongoing 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 Otis. Otis decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit applicants. Individuals with credit scores as low as 590 can apply for a high risk loan and may be be approved.

Fast Loans for Otis in Brownfield, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Brownfield, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Otis. Otis was able to find a fast loan for $44000 from Guaranty Bank & Trust Company and First Financial Bank, but declined both offers in favor of their unsecured loan from Brownfield State Bank & Trust Co.. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. An improvement if you are in a pinch.

Otis was rejected by Brownfield State Bank & Trust Co. 5 times prior to being accepted by Brownfield State Bank & Trust Co. at 400 West Broadway

On January 12, 2011, Otis applied about borrowing $24,000 from First Consolidated Bank – Ferris with Jefferey, their in law from just outside Brownfield, and even with the co-signer, Otis was rejected for this unsecured loan. With excellent credit, it can be challenging to procure funding, even with collateral and a co-signer.

Before applying for this unsecured loan, Otis had an Experian score of 828, which is excellent, so Brownfield State Bank & Trust Co. likely cannot provide Otis an unsecured loan

Experian Score: 828

Personal Loan for an ophthalmologist named Otis in Brownfield, Texas to Pay Off MLB BankAmericard Cash Rewards MasterCard

Otis had a lot of credit card debt on their Conestoga Bank Visa Platinum Card and their Royal Caribbean Visa Signature Card, and they were starting to get in over their heads. Despite Otis’s job as an ophthalmologist, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Otis’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their ophthalmologist job and their future job as a manual arts therapist

Fico Score: 817

Otis has a sad current total income, but has a large amount of prospects

Otis has always wanted to be a manual arts therapist, but would have to attend Le Cordon Bleu College of Culinary Arts – Scottsdale again to become one. Otis has other possibilities as well, including sawing machine operator, aircraft examiner, and photogrammetric engineer, which pay $59,000 through to $97,000 per year, at least. Because of this, we believe that Otis can pay for this unsecured loan of $44000.

Signature Loan acquired in Brownfield, Texas for $44000 with excellent credit by Otis

Most clients have difficulty with obtaining signature loans in Brownfield, Texas, and Otis is the same. Otis went to 4 lenders or more before settling on Brownfield State Bank & Trust Co., who offered Otis a signature loan for $44000. Most signature loans simply need a client, like Otis’s signature to get them, up to $42,000 in some cases. Otis was able to get $44000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans do not need collateral, these loans generally require higher credit, as high as 755

Client Profile: Otis Lackman of Brownfield, Texas
  • Full name (Changed if requested): Otis Lackman
  • Current Credit: loans.hit.utils.Fico@443b7951
  • Current City: Brownfield
  • State: Texas
  • Zip code: 79319
  • Yearly income: $63,000
  • Current Job: ophthalmologist
  • Current County: Terry
  • Goal Yearly Income: $136,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $0

Installment loan for Otis, a graduate of Le Cordon Bleu College of Culinary Arts – Scottsdale and an ophthalmologist working for over $77,000 per year

Otis, an alumnus at Le Cordon Bleu College of Culinary Arts – Scottsdale and an ophthalmologist in Brownfield, Texas wants an unsecured loan to purchase a house. Otis has instead decided to get an installment loan for $15,000 and is currently seeking lenders like First Bank & Trust of Clarendon to process their request.

Paraphrased and Standardized Quote from Otis for this unsecured loan of $44000, provided by Brownfield State Bank & Trust Co.

Hi, I am Otis and I’m from Brownfield in Texas. Terry, county is where I grew up, and now I need a unsecured loan in Texas for $44000 to pay bills. It wasn’t easy, but Brownfield State Bank & Trust Co. really came through for me with this loan for 5.5% interest APR and a term of 10 years. I can repay the loan over the 10 year term, including interest. A big thanks to Brownfield State Bank & Trust Co. for giving me a chance and my excellent credit. It look me 7 years to build my credit to 817, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $36,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Otis needed a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Otis was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.0%.

Previous requests on Otis’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$57180.00 3 6.7% $1757.72 Comerica Bank April 5, 2012
$56790.00 11 11.7% $766.71 First Star Bank, S.S.B. September 3, 2014
$57330.00 10 5.8% $630.74 Brownfield State Bank & Trust Co. December 27, 2014
$57210.00 4 8.7% $1415.54 First Bank & Trust, Bryan, Texas January 22, 2015
$57400.00 8 7.1% $785.43 First Bank & Trust of Clarendon March 30, 2015

Several previous requests for credit have been made by Otis in the past, including one from Bank of Minneapolis and Trust Company in Brownfield, Texas before Otis was accepted for the $44000 by Brownfield State Bank & Trust Co.

Otis made 7 previous attempts to obtain an unsecured loan, 2 of which were with Bank of Minneapolis and Trust Company, a lender in Brownfield, Texas known to specialize in unsecured loans specifically. Prior to finding Brownfield State Bank & Trust Co., Otis was concerned due to their inexperience and excellent credit score.

Otis’s Transunion score was altered by the unsecured loan loan, changing to 804 from 817, which is normal in our experience.

Transunion Score: 804

Conclusion of Otis’s unsecured loan

In the end, Otis was able to find an unsecured loan for $44000 with an interest rate of 9.0% interest APR from Brownfield State Bank & Trust Co. in Brownfield, Texas repayable over 10 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.