$94000 High Risk Loan – San Antonio Texas, Credit Score Of 337
- Experian: 355 – The client had a terrible Experian rating
- Transunion: 323 – Quinn had a terrible credit rating with Transunion.
- Equifax: Quinn’s Experian score was 337, which is a terrible credit rating on the Experian scale.
7 Months in the Past, Quinn Attempted to Find a High Risk Loan for $44,000.00, and it was Easy
It is an ongoing struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Quinn. Quinn chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit individuals. Individuals with credit scores as low as 394 can inquire for a high risk loan and have a chance to be accepted.
Personal Loan for an excavating machine operator named Quinn in San Antonio, Texas to Pay Off KingSize Credit Card
Quinn had a lot of credit card debt on their PartnersFirst Visa and their CFCU Rewards Visa, and they were starting to get in over their heads. Despite Quinn’s job as an excavating machine operator, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Contact Details for Mercantile Bank & Trust, the provider of this high risk loan
- Mercantile Bank & Trust
- City: San Antonio
- State: Texas
- Address: 40 N.E. Loop 410
- County: Bexar
- Zip code: 78216
Quinn’s Transunion score was changed by the high risk loan loan, changing to 323 from 337, which is normal in our experience.
Previous requests on Quinn’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$60480.00||7||5.8%||$877.74||Comerica Bank||September 4, 2011|
|$59900.00||5||9.5%||$1258.01||First Star Bank, S.S.B.||January 21, 2014|
|$60340.00||6||10.6%||$1136.19||Brownfield State Bank & Trust Co.||August 11, 2014|
|$60230.00||7||10.3%||$1009.25||First Bank & Trust, Bryan, Texas||October 31, 2014|
Debt Consolidation Will Assist Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks
Normal debt consolidation loans range from $20,000.00 to $53,000.00. They are typically used to pay off existing high interest loans like credit cards. Quinn required a debt consolidation loan to pay for their existing high risk loan and their credit card. Quinn 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 transfers your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 2.7%.
- Full name (Changed if requested): Quinn Wendroth
- Current Credit: loans.hit.utils.Fico@5a2e4553
- Current City: San Antonio
- State: Texas
- Zip code: 78224
- Yearly income: $68,000
- Current Job: excavating machine operator
- Current County: Bexar
- Goal Yearly Income: $90,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Installment loan for Quinn, a graduate of University of North Carolina at Chapel Hill and an excavating machine operator working for over $72,000 per year
Quinn, an alumnus at University of North Carolina at Chapel Hill and an excavating machine operator in San Antonio, Texas wants a high risk loan to purchase a car. Quinn has instead chosen to get an installment loan for $9,000 and is currently seeking lenders like Guaranty Bank & Trust Company to process their request.
Fast Loans for Quinn in San Antonio, Texas to prevent bankruptcy or broken legs from debt collectors.
Fast loans in San Antonio, Texas aren’t actually that difficult to obtain, especially if you have some gumption like Quinn. Quinn was able to find a fast loan for $94000 from First Bank & Trust of Clarendon and Guaranty Bank & Trust, N.A., but declined both offers in favor of their high risk loan from Mercantile Bank & Trust. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big improvement in the case that you are in a pinch.
Quinn was rejected by Silsbee State Bank 4 times before being accepted by Mercantile Bank & Trust at 40 N.E. Loop 410
On February 14, 2011, Quinn applied about borrowing $35,000 from Comerica Bank with Abigail, their in law from just outside San Antonio, and even with the co-signer, Quinn was rejected for this high risk loan. With terrible credit, it can be a challenge to procure funding, even with collateral and a co-signer.
When Quinn was 20, they attempted to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a list of Quinn’s previous attempts at finding a student loan:
- Attempt 1) Loan for $36,000.00 on February 27, 2010
- Attempt 2) Loan for $24,000.00 on June 24, 2009
- Attempt 3) Loan for $27,000.00 on September 15, 2009
- Attempt 4) Loan for $30,000.00 on January 22, 2010
- Attempt 5) Loan for $37,000.00 on December 21, 2009
- Attempt 6) Loan for $28,000.00 on September 5, 2012
Signature Loan acquired in San Antonio, Texas for $94000 with terrible credit by Quinn
Many borrowers have difficulty with obtaining signature loans in San Antonio, Texas, and Quinn is the same. Quinn went to 5 lending institutions or more prior to settling on Mercantile Bank & Trust, who offered Quinn a signature loan for $94000. Typical signature loans simply require a client, like Quinn’s signature to get them, up to $44,000 in some cases. Quinn was able to get $94000 as a high risk loan, which is very high for a high risk loan. Because signature loans don’t need a cosigner, these loans generally require improved credit, as high as 745
Quinn has a low current gross income, but has a high number of prospects
Quinn has always wanted to be a radio & tv program director, but would have to attend University of North Carolina at Chapel Hill again to achieve it. Quinn has other prospects as well, including referee / umpire, sales representative, and history professor, which pay $52,000 through to $94,000 per year, on average. Because of this, we think that Quinn can pay for this high risk loan of $94000.
Several past requests for credit have been made by Quinn in the past, including one from First Trust and Savings Bank in San Antonio, Texas before Quinn was accepted for the $94000 by Mercantile Bank & Trust
Quinn made 8 previous tries to obtain a high risk loan, 2 of which were with First Trust and Savings Bank, a bank in San Antonio, Texas known to specialize in high risk loans specifically. Before finding Mercantile Bank & Trust, Quinn was desperate due to their inexperience and terrible credit score.
Quinn’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their excavating machine operator job and their future career as a radio & tv program director
Paraphrased and Standardized Quote from Quinn for this high risk loan of $94000, provided by Mercantile Bank & Trust
Hello, I am Quinn and I am from San Antonio in Texas. Bexar, county is where I grew up, and now I need a high risk loan in Texas for $94000 to pay bills. It has been difficult, but Mercantile Bank & Trust really came through for me with this loan for 11.2% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to Mercantile Bank & Trust for giving me a chance and my terrible credit. It look me 4 years to create my credit to 337, and I won’t harm it any more. I’m happy with Find Texas Loans for assisting me this far.
Before applying for this high risk loan, Quinn had an Experian score of 355, which is terrible, so Mercantile Bank & Trust probably cannot provide Quinn a high risk loan
Conclusion of Quinn’s high risk loan
In the end, Quinn was able to find a high risk loan for $94000 with an interest rate of 6.1% interest APR from Mercantile Bank & Trust in San Antonio, Texas repayable over 3 years from today.