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$28000 Consolidation Loan With Fair Credit In Wortham Texas

$28000 Consolidation Loan – Wortham Texas, Credit Rating Of 502

  • Experian: 521 – The client had a fair Experian score
  • Transunion: 489 – Marylin had a fair credit rating with Transunion.
  • Equifax: Marylin’s Experian score was 502, which is a fair credit score with the Experian rating scheme.

Installment loan for Marylin, a graduate of Gateway Technical College and a developmental psychologist working for over $75,000 per year

Marylin, an alumnus at Gateway Technical College and a developmental psychologist in Wortham, Texas needs a consolidation loan to purchase something frivolous. Marylin has instead decided to get an installment loan for $13,000 and is at present seeking lenders like Silsbee State Bank to process their request.

Marylin’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their developmental psychologist job and their future career as a file clerk

Fico Score: 502

Client Profile: Marylin Nees of Wortham, Texas
  • Full name (Changed if requested): Marylin Nees
  • Current Credit: loans.hit.utils.Fico@5197848c
  • Current City: Wortham
  • State: Texas
  • Zip code: 76702
  • Yearly income: $35,000
  • Current Job: developmental psychologist
  • Current County: Freestone
  • Goal Yearly Income: $115,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

When Marylin was 20, they attempted to obtain a student loan from 5 different lenders, which harmed their credit rating. Below is a chronology of Marylin’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on August 29, 2012
  • Attempt 2) Loan for $21,000.00 on February 25, 2014
  • Attempt 3) Loan for $26,000.00 on November 10, 2011
  • Attempt 4) Loan for $27,000.00 on July 15, 2012
  • Attempt 5) Loan for $36,000.00 on June 9, 2012

Signature Loan acquired in Wortham, Texas for $28000 with fair credit by Marylin

Many clients struggle with obtaining signature loans in Wortham, Texas, and Marylin is the same. Marylin went to 6 lending institutions or more prior to finding The First National Bank of Wortham, who offered Marylin a signature loan for $28000. Typical signature loans simply need a client, like Marylin’s signature to obtain them, up to $27,000 in some cases. Marylin was able to get $28000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans don’t require a cosigner, these loans tend to require improved credit, as high as 765

Marylin has a very low current total income, but has a large amount of prospects

Marylin has always wanted to be a file clerk, but would need attend Gateway Technical College again to become one. Marylin has other possibilities as well, including sales representative, office supervisor, and reservation ticket agent, which pay $51,000 through to $107,000 per year, at least. For this reason, we think that Marylin can afford this consolidation loan of $28000.

Personal Loan for a developmental psychologist named Marylin in Wortham, Texas to Pay Off Bank of Akron MasterCard

Marylin had a lot of credit card debt on their Malvern Federal Savings Bank Visa Business Bonus Rewards Card and their Club Carlson Platinum Rewards Visa Card, and they were starting to get in over their heads. Despite Marylin’s job as a developmental psychologist, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

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

Normal debt consolidation loans range from $33,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Marylin needed a debt consolidation loan to pay for their existing consolidation loan and their credit card. Marylin was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 3.4%.

Paraphrased and Standardized Quote from Marylin for this consolidation loan of $28000, provided by The First National Bank of Wortham

Hi, I am Marylin and I am from Wortham in Texas. Freestone, county is where I grew up, and now I need a consolidation loan in Texas for $28000 to pay bills. It wasn’t easy, but The First National Bank of Wortham really came through for me with this loan for 11.7% interest APR and a term of 5 years. I will repay the loan over the 5 year term, including interest. A big thanks to The First National Bank of Wortham for trusting me and my fair credit. It look me 9 years to build my credit to 502, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

Previous requests on Marylin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$138750.00 6 7.7% $2412.46 Comerica Bank February 2, 2014
$139140.00 9 10.2% $1974.01 First Star Bank, S.S.B. April 20, 2014
$139460.00 10 8.6% $1736.57 Brownfield State Bank & Trust Co. January 29, 2015
$138560.00 10 10.3% $1854.18 First Bank & Trust, Bryan, Texas June 2, 2015
$138810.00 4 5.2% $3209.29 First Bank & Trust of Clarendon August 20, 2015

Several other requests for credit have been made by Marylin in the past, including one from The First National Bank of Jewett in Wortham, Texas before Marylin was accepted for the $28000 by The First National Bank of Wortham

Marylin made 5 prior attempts to obtain a consolidation loan, 2 of which were with The First National Bank of Jewett, a lender in Wortham, Texas known to specialize in consolidation loans specifically. Before finding The First National Bank of Wortham, Marylin was concerned due to their inexperience and fair credit score.

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

Fast loans in Wortham, Texas aren’t actually that difficult to obtain, especially if you have some finesse like Marylin. Marylin was able to find a fast loan for $28000 from Comerica Bank and Farmers State Bank of Madisonville, Texas, but declined both offers in favor of their consolidation loan from The First National Bank of Wortham. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big difference in the case that a client is in a time sensitive situation.

Marylin’s Transunion score was changed by the consolidation loan loan, changing to 489 from 502, which is typical in our experience.

Transunion Score: 489

Marylin was rejected by First Star Bank, S.S.B. 4 times before being accepted by The First National Bank of Wortham at Main And 2nd Streets (Southeast)

On May 20, 2011, Marylin inquired about borrowing $3,000 from First State Bank of Mathis with Carin, their in law from just outside Wortham, and even with the co-signer, Marylin was rejected for this consolidation loan. With fair credit, it can be difficult to obtain financing, even with collateral and a co-signer.

Before applying for this consolidation loan, Marylin had an Experian score of 521, which is fair, so The First National Bank of Wortham likely cannot provide Marylin a consolidation loan

Experian Score: 521

6 Months in the Past, Marylin Attempted to Find a High Risk Loan for $22,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for borrowers to get high risk loans in a non-harmful way. a lot of high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Marylin. Marylin decided not to get 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 593 can apply for a high risk loan and may be be accepted.

Contact Details for The First National Bank of Wortham, the provider of this consolidation loan

  • The First National Bank of Wortham
  • City: Wortham
  • State: Texas
  • Address: Main And 2nd Streets (Southeast)
  • County: Freestone
  • Zip code: 76693

Conclusion of Marylin’s consolidation loan

In the end, Marylin was able to find a consolidation loan for $28000 with an interest rate of 10.4% interest APR from The First National Bank of Wortham in Wortham, Texas repayable over 5 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.