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Sherrie Groening’s Debt Consolidation Loan For 50000 Dollars In Muleshoe Texas

$50000 Debt Consolidation Loan – Muleshoe Texas, Credit Rating Of 679

  • Experian: 695 – This individual had a good Experian score
  • Transunion: 661 – Sherrie had a good credit score with Transunion.
  • Equifax: Sherrie’s Experian score was 679, which is a good credit rating using the Experian system.

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

Sherrie has always wanted to be a fence installer, but would have to attend Mid-Willamette Valley Internship Program again to become one. Sherrie has other possibilities as well, including public relations specialist, computer hardware technician, and audiovisual production specialist, which pay $52,000 through to $100,000 per year, on average. Because of this, we believe that Sherrie can pay for this debt consolidation loan of $50000.

Personal Loan for a truck driver named Sherrie in Muleshoe, Texas to Pay Off Five Star Bank Secured Visa

Sherrie had a tonne of credit card debt on their Texas A&M Alumni Credit Card and their BBVA Compass Visa Platinum, and they were starting to get in over their heads. Despite Sherrie’s job as a truck driver, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Previous requests on Sherrie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$147240.00 7 11.8% $2583.47 Comerica Bank August 15, 2011
$147270.00 8 8.4% $2111.97 First Star Bank, S.S.B. December 9, 2013
$147290.00 10 7.6% $1756.06 Brownfield State Bank & Trust Co. June 2, 2014
$146730.00 9 8.6% $1956.18 First Bank & Trust, Bryan, Texas February 1, 2015
Client Profile: Sherrie Groening of Muleshoe, Texas
  • Full name (Changed if requested): Sherrie Groening
  • Current Credit: loans.hit.utils.Fico@3fb4f649
  • Current City: Muleshoe
  • State: Texas
  • Zip code: 79352
  • Yearly income: $51,000
  • Current Job: truck driver
  • Current County: Bailey
  • Goal Yearly Income: $139,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Installment loan for Sherrie, a graduate of Mid-Willamette Valley Internship Program and a truck driver working for over $72,000 per year

Sherrie, an alumnus at Mid-Willamette Valley Internship Program and a truck driver in Muleshoe, Texas wants a debt consolidation loan to purchase something frivolous. Sherrie has instead chosen to get an installment loan for $14,000 and is currently seeking lenders like First Community Bank San Antonio, National Association to process their request.

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans vary from $34,000.00 to $45,000.00. They are normally used to pay off existing high interest loans like credit cards. Sherrie required a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Sherrie was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 4.7%.

Sherrie’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their truck driver job and their future job as a fence installer

Fico Score: 679

Several past requests for credit have been made by Sherrie in the past, including one from Bank of Hawaii Credit Card, National Association in Muleshoe, Texas before Sherrie was approved for the $50000 by First Bank of Muleshoe

Sherrie made 8 previous tries to obtain a debt consolidation loan, 2 of which were with Bank of Hawaii Credit Card, National Association, a bank in Muleshoe, Texas known to specialize in debt consolidation loans specifically. Before finding First Bank of Muleshoe, Sherrie was very concerned due to their inexperience and good credit score.

Sherrie’s Transunion score was altered by the debt consolidation loan loan, changing to 661 from 679, which is normal in our experience.

Transunion Score: 661

Signature Loan easily acquired in Muleshoe, Texas for $50000 with good credit by Sherrie

Most borrowers have difficulty with obtaining signature loans in Muleshoe, Texas, and Sherrie is the same. Sherrie went to 4 lenders or more prior to settling on First Bank of Muleshoe, who offered Sherrie a signature loan for $50000. Typical signature loans simply require a client, like Sherrie’s signature to obtain them, up to $22,000 in some cases. Sherrie was able to get $50000 as a debt consolidation loan, which is very high for a debt consolidation loan. Since signature loans do not require a cosigner, they tend to need improved credit, as high as 703

Sherrie was rejected by First RepublicBank Forney 4 times before being accepted by First Bank of Muleshoe at West First Street And Avenue B

On April 13, 2011, Sherrie applied about borrowing $41,000 from Farmers State Bank of Madisonville, Texas with Dorthea, their in law from just outside Muleshoe, and even with the co-signer, Sherrie was rejected for this debt consolidation loan. With good credit, it can be very hard to procure funding, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Sherrie for this debt consolidation loan of $50000, provided by First Bank of Muleshoe

Hi, I am Sherrie and I am from Muleshoe in Texas. Bailey, county is where I grew up, and now I need a debt consolidation loan in Texas for $50000 to renovate my home. It has been difficult, but First Bank of Muleshoe really came through for me with this loan for 6.7% interest APR and a term of 12 years. I will repay the loan over the 12 year term, including interest. A big thanks to First Bank of Muleshoe for giving me a chance and my good credit. It look me 6 years to build my credit to 679, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

Before applying for this debt consolidation loan, Sherrie had an Experian score of 695, which is good, so First Bank of Muleshoe likely cannot provide Sherrie a debt consolidation loan

Experian Score: 695

When Sherrie was 22, they tried to obtain a student loan from 5 alternate banks, which damaged their credit score. Below is a chronology of Sherrie’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on August 31, 2011
  • Attempt 2) Loan for $34,000.00 on December 3, 2010
  • Attempt 3) Loan for $34,000.00 on December 1, 2011
  • Attempt 4) Loan for $35,000.00 on January 22, 2012
  • Attempt 5) Loan for $32,000.00 on July 20, 2012

Contact Details for First Bank of Muleshoe, the provider of this debt consolidation loan

  • First Bank of Muleshoe
  • City: Muleshoe
  • State: Texas
  • Address: West First Street And Avenue B
  • County: Bailey
  • Zip code: 79347

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

Fast loans in Muleshoe, Texas aren’t actually that difficult to obtain, particularly if you have some finesse like Sherrie. Sherrie was able to find a fast loan for $50000 from First State Bank of Matador and MBank Greenville, National Association, but declined both offers in favor of their debt consolidation loan from First Bank of Muleshoe. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement in the case that a client is in a time sensitive situation.

9 Months in the Past, Sherrie Tried Finding a High Risk Loan for $39,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients 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 scary to borrowers like Sherrie. Sherrie chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit clients. Borrowers with credit ratings as low as 562 can apply for a high risk loan and possibly can be accepted.

Conclusion of Sherrie’s debt consolidation loan

In the end, Sherrie was able to find a debt consolidation loan for $50000 with an interest rate of 9.2% interest APR from First Bank of Muleshoe in Muleshoe, Texas repayable over 12 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.