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Daysi Needed A Debt Consolidation Loan For $116000, Bells, Texas

$116000 Debt Consolidation Loan – Bells Texas, Credit Rating Of 386

  • Experian: 399 – They had a terrible Experian rating
  • Transunion: 369 – Daysi had a terrible credit score with Transunion.
  • Equifax: Daysi’s Experian score was 386, which is a terrible credit rating with the Experian scale.

Debt Consolidation Can Assist Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $27,000.00 to $44,000.00. They are normally used to pay off existing high interest loans like credit cards. Daysi required a debt consolidation loan to pay for their existing debt consolidation loan and their payday loan. Daysi was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.7%.

When Daysi was 21, they attempted to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a list of Daysi’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on August 20, 2009
  • Attempt 2) Loan for $33,000.00 on July 5, 2009
  • Attempt 3) Loan for $31,000.00 on September 24, 2011
  • Attempt 4) Loan for $20,000.00 on May 1, 2014
  • Attempt 5) Loan for $22,000.00 on April 18, 2009
  • Attempt 6) Loan for $21,000.00 on October 6, 2013

Paraphrased and Standardized Quote from Daysi for this debt consolidation loan of $116000, provided by Cendera Bank, National Association

Hello, I am Daysi and my hometown is Bells in Texas. Grayson, county is where I grew up, and now I need a debt consolidation loan in Texas for $116000 to avoid bankruptcy. It has been difficult, but Cendera Bank, National Association really came through for me with this loan for 10.6% interest APR and a term of 2 years. I can repay the loan over the 2 year term, including interest. A big thanks to Cendera Bank, National Association for giving me a chance and my terrible credit. It look me 9 years to build my credit to 386, and I won’t tarnish it any more. I am pleased with Find Texas Loans for helping me this far.

Previous requests on Daysi’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$53420.00 11 6.8% $575.84 Comerica Bank August 22, 2010
$53270.00 5 7.4% $1064.89 First Star Bank, S.S.B. February 17, 2013
$52520.00 4 5.2% $1214.26 Brownfield State Bank & Trust Co. January 7, 2014
$53300.00 9 8.7% $713.39 First Bank & Trust, Bryan, Texas August 28, 2014

Contact Details for Cendera Bank, National Association, the provider of this debt consolidation loan

  • Cendera Bank, National Association
  • City: Bells
  • State: Texas
  • Address: 615 E. Bells Blvd
  • County: Grayson
  • Zip code: 75414

Installment loan for Daysi, a graduate of Governors State University and a home economist working for over $71,000 per year

Daysi, an alumnus at Governors State University and a home economist in Bells, Texas needs a debt consolidation loan to purchase a house. Daysi has instead decided to get an installment loan for $9,000 and is currently seeking lenders like First City Bank of Richardson to provide it.

Signature Loan easily acquired in Bells, Texas for $116000 with terrible credit by Daysi

Most prospective borrowers struggle with finding signature loans in Bells, Texas, and Daysi is no different. Daysi went to 8 lenders or more prior to finding Cendera Bank, National Association, who offered Daysi a signature loan for $116000. Typical signature loans simply need a client, like Daysi’s signature to obtain them, up to $37,000 in some cases. Daysi was able to get $116000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need a cosigner, they generally require higher credit, as high as 763

Many other requests for credit have been made by Daysi in the past, including one from State Bank of Arthur in Bells, Texas before Daysi was approved for the $116000 by Cendera Bank, National Association

Daysi made 7 previous tries to obtain a debt consolidation loan, 2 of which were with State Bank of Arthur, a lending institution in Bells, Texas known to specialize in debt consolidation loans specifically. Prior to finding Cendera Bank, National Association, Daysi was concerned due to their inexperience and terrible credit rating.

Before applying for this debt consolidation loan, Daysi had an Experian score of 399, which is terrible, so Cendera Bank, National Association most likely cannot provide Daysi a debt consolidation loan

Experian Score: 399

Client Profile: Daysi Halasz of Bells, Texas
  • Full name (Changed if requested): Daysi Halasz
  • Current Credit: loans.hit.utils.Fico@9807454
  • Current City: Bells
  • State: Texas
  • Zip code: 75420
  • Yearly income: $54,000
  • Current Job: home economist
  • Current County: Grayson
  • Goal Yearly Income: $141,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Personal Loan for a home economist named Daysi in Bells, Texas to Pay Off American Photo Visa Card

Daysi had a lot of credit card debt on their Merrill Lynch EMA Signature Rewards and their Malvern Federal Savings Bank Visa Business Card, and they were starting to get in over their heads. Despite Daysi’s job as a home economist, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

8 Months Ago, Daysi Attempted to Find a High Risk Loan for $34,000.00, and it was Easy

There is an existing struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Daysi. Daysi chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Borrowers with credit scores as low as 540 can apply for a high risk loan and possibly can be approved.

Daysi’s Transunion score was altered by the debt consolidation loan loan, changing to 369 from 386, which is normal in our experience.

Transunion Score: 369

Daysi’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their home economist job and their future job as a hardwood floor finisher

Fico Score: 386

Daysi was declined by First Bank & Trust of Clarendon 7 times prior to being granted funding by Cendera Bank, National Association at 615 E. Bells Blvd

On October 9, 2012, Daysi inquired about borrowing $37,000 from Guaranty Bank & Trust, N.A. with Chadwick, their friend from just outside Bells, and even with the co-signer, Daysi was rejected for this debt consolidation loan. With terrible credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Fast Loans for Daysi in Bells, Texas to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Bells, Texas aren’t actually that difficult to obtain, particularly if you have some gumption like Daysi. Daysi was able to find a fast loan for $116000 from Guaranty Bank & Trust Company and The Bank and Trust, S.S.B., but turned down both offers in favor of their debt consolidation loan from Cendera Bank, National Association. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better if a borrower is on the go.

Daysi has a disappointing current gross income, but has a large amount of prospects

Daysi has always wanted to be a hardwood floor finisher, but would need attend Governors State University again to become one. Daysi has other possibilities as well, including solid waste disposal administrator, employee training instructor, and teachers aide, which pay $51,000 through to $108,000 per year, at least. For this reason, we believe that Daysi can afford this debt consolidation loan of $116000.

Conclusion of Daysi’s debt consolidation loan

In the end, Daysi was able to find a debt consolidation loan for $116000 with an interest rate of 7.5% interest APR from Cendera Bank, National Association in Bells, Texas repayable over 2 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.