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8 Year, Variable Interest Unsecured Loan For Rachelle In Texas

$184000 Unsecured Loan – Wimberley Texas, Credit Rating Of 423

  • Experian: 440 – The client had a bad Experian rating
  • Transunion: 407 – Rachelle had a bad credit rating with Transunion.
  • Equifax: Rachelle’s Experian score was 423, which is a bad credit score with the Experian system.

Before applying for this unsecured loan, Rachelle had an Experian score of 440, which is bad, so The Wimberley Bank most likely cannot provide Rachelle an unsecured loan

Experian Score: 440

Fast Loans for Rachelle in Wimberley, Texas to prevent bankruptcy or harm from debt collectors.

Fast loans in Wimberley, Texas aren’t actually that difficult to obtain, especially if you have some gumption like Rachelle. Rachelle was able to find a fast loan for $184000 from Guaranty Bank & Trust, N.A. and First Community Bank San Antonio, National Association, but declined both offers in favor of their unsecured loan from The Wimberley Bank. The difference with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. A big difference if a client is in a time sensitive situation.

Paraphrased and Standardized Quote from Rachelle for this unsecured loan of $184000, provided by The Wimberley Bank

Hello, I am Rachelle and my hometown is Wimberley in Texas. Hays, county is where I grew up, and now I need a unsecured loan in Texas for $184000 to buy a big ticket item. It has been difficult, but The Wimberley Bank really came through for me with this loan for 8.4% interest APR and a term of 8 years. I will repay the loan over the 8 year term, including interest. A big thanks to The Wimberley Bank for giving me a chance and my bad credit. It look me 8 years to create my credit to 423, and I won’t tarnish it any future. I am pleased with Find Texas Loans for helping me this far.

Rachelle’s Transunion score was altered by the unsecured loan loan, changing to 407 from 423, which is normal in our experience.

Transunion Score: 407

7 Months Ago, Rachelle Attempted Finding a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Rachelle. Rachelle decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Borrowers with credit scores as low as 495 can inquire for a high risk loan and may be be approved.

Rachelle was rejected by First Consolidated Bank – Ferris 5 times before being accepted by The Wimberley Bank at Ranch Road 12 And River Road

On January 19, 2013, Rachelle inquired about borrowing $19,000 from First Star Bank, S.S.B. with Theodore, their in law from just outside Wimberley, and even with the co-signer, Rachelle was rejected for this unsecured loan. With bad credit, it can be difficult to procure funding, even with collateral and a co-signer.

Multiple other requests for credit have been made by Rachelle in the past, including one from Johnstown Interim Bank in Wimberley, Texas before Rachelle was accepted for the $184000 by The Wimberley Bank

Rachelle made 6 previous tries to obtain an unsecured loan, 2 of which were with Johnstown Interim Bank, a lender in Wimberley, Texas known to specialize in unsecured loans specifically. Before finding The Wimberley Bank, Rachelle was concerned due to their inexperience and bad credit score.

Contact Details for The Wimberley Bank, the provider of this unsecured loan

  • The Wimberley Bank
  • City: Wimberley
  • State: Texas
  • Address: Ranch Road 12 And River Road
  • County: Hays
  • Zip code: 78676

Previous requests on Rachelle’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$89490.00 9 6.1% $1078.83 Comerica Bank October 2, 2010
$88900.00 8 7.5% $1234.28 First Star Bank, S.S.B. October 31, 2011
$89470.00 3 8.5% $2824.35 Brownfield State Bank & Trust Co. March 20, 2012
$89430.00 9 5.4% $1047.33 First Bank & Trust, Bryan, Texas September 14, 2012
$89290.00 9 5.3% $1041.35 First Bank & Trust of Clarendon August 18, 2014

Signature Loan easily acquired in Wimberley, Texas for $184000 with bad credit by Rachelle

A lot of clients struggle with finding signature loans in Wimberley, Texas, and Rachelle is the same. Rachelle went to 8 lenders or more before finding The Wimberley Bank, who offered Rachelle a signature loan for $184000. Most signature loans simply need a client, like Rachelle’s signature to get them, up to $20,000 in some cases. Rachelle was able to get $184000 as a unsecured loan, which is very high for an unsecured loan. Since signature loans don’t need collateral, these loans generally need better credit, as high as 771

Rachelle has a very low current yearly income, but has a large amount of prospects

Rachelle has always wanted to be a marine surveyor, but would have to attend International Academy of Hair Design – Mesa again to achieve it. Rachelle has other possibilities as well, including correspondence clerk, welder, and power-line installer and mechanic, which pay $56,000 through to $97,000 per year, on average. For this reason, we believe that Rachelle can pay for this unsecured loan of $184000.

Client Profile: Rachelle Mullahey of Wimberley, Texas
  • Full name (Changed if requested): Rachelle Mullahey
  • Current Credit: loans.hit.utils.Fico@3b95a09c
  • Current City: Wimberley
  • State: Texas
  • Zip code: 78684
  • Yearly income: $55,000
  • Current Job: die cutter operator
  • Current County: Hays
  • Goal Yearly Income: $136,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Rachelle’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their die cutter operator job and their future job as a marine surveyor

Fico Score: 423

Personal Loan for a die cutter operator named Rachelle in Wimberley, Texas to Pay Off National Penn Bank Credit Cards

Rachelle had a tonne of credit card debt on their Arvest Premier Corporate Visa and their Sports Authority Credit Card, and they were starting to get in over their heads. Despite Rachelle’s job as a die cutter operator, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Rachelle was 21, they tried to obtain a student loan from 4 alternate banks, which damaged their credit rating. Below is a chronology of Rachelle’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on August 12, 2011
  • Attempt 2) Loan for $27,000.00 on June 12, 2011
  • Attempt 3) Loan for $35,000.00 on January 6, 2010
  • Attempt 4) Loan for $25,000.00 on June 12, 2009

Installment loan for Rachelle, a graduate of International Academy of Hair Design – Mesa and a die cutter operator working for over $70,000 per year

Rachelle, an alumnus at International Academy of Hair Design – Mesa and a die cutter operator in Wimberley, Texas needs an unsecured loan to purchase a car. Rachelle has instead decided to get an installment loan for $8,000 and is at present seeking lenders like Farmers State Bank of Shiro, Texas to process their request.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans range from $36,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Rachelle needed a debt consolidation loan to pay for their existing unsecured loan and their credit card. Rachelle was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.6%.

Conclusion of Rachelle’s unsecured loan

In the end, Rachelle was able to find an unsecured loan for $184000 with an interest rate of 5.5% interest APR from The Wimberley Bank in Wimberley, Texas repayable over 8 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.