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Low Rate Consolidation Loan For Tamara In Broken Bow, Oklahoma

$42000 Consolidation Loan – Broken Bow Oklahoma, Credit Score Of 521

  • Experian: 538 – The client had a fair Experian rating
  • Transunion: 503 – Tamara had a fair credit score with Transunion.
  • Equifax: Tamara’s Experian score was 521, which is a fair credit score on the Experian scale.

Previous requests on Tamara’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$31350.00 4 7.3% $755.09 The First State Bank December 8, 2011
$31420.00 11 11.5% $420.51 Security Bank and Trust Company April 17, 2013
$30690.00 6 6.7% $518.82 The First State Bank, Willow, Okla. October 18, 2013
$31460.00 8 7.6% $438.37 Sooner State Bank August 14, 2014

Tamara was declined by Security State Bank 4 times prior to being accepted by American State Bank at 409 South Park Drive

On May 7, 2009, Tamara inquired about borrowing $27,000 from Security First National Bank of Hugo with Jerold, their in law from just outside Broken Bow, and even with the co-signer, Tamara was rejected for this consolidation loan. With fair credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Installment loan for Tamara, a graduate of Rasmussen College and a fence installer working for over $79,000 per year

Tamara, an alumnus at Rasmussen College and a fence installer in Broken Bow, Oklahoma needs a consolidation loan to purchase a new cell phone. Tamara has instead chosen to obtain an installment loan for $4,000 and is at present seeking lenders like Security State Bank to process their request.

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $39,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Tamara required a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Tamara was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.6%.

Contact Details for American State Bank, the provider of this consolidation loan

  • American State Bank
  • City: Broken Bow
  • State: Oklahoma
  • Address: 409 South Park Drive
  • County: Mccurtain
  • Zip code: 74728

Signature Loan acquired in Broken Bow, Oklahoma for $42000 with fair credit by Tamara

Most prospective borrowers struggle with finding signature loans in Broken Bow, Oklahoma, and Tamara is not an exception. Tamara went to 7 lending institutions or more prior to settling on American State Bank, who offered Tamara a signature loan for $42000. Most signature loans simply need a client, like Tamara’s signature to get them, up to $35,000 in some cases. Tamara was able to get $42000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not require a cosigner, they tend to need higher credit, as high as 785

Personal Loan for a fence installer named Tamara in Broken Bow, Oklahoma to Pay Off Victoria’s Secret Angel Credit Card

Tamara had a lot of credit card debt on their Steuben Trust Visa Platinum Card and their Arvest Visa Platinum Card, and they were starting to get in over their heads. Despite Tamara’s job as a fence installer, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Tamara’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their fence installer job and their future job as a legislative assistant

Fico Score: 521

Many past requests for credit have been made by Tamara in the past, including one from Central Bank in Broken Bow, Oklahoma before Tamara was approved for the $42000 by American State Bank

Tamara made 4 previous tries to obtain a consolidation loan, 2 of which were with Central Bank, a lender in Broken Bow, Oklahoma known to specialize in consolidation loans specifically. Before finding American State Bank, Tamara was desperate due to their inexperience and fair credit score.

Fast Loans for Tamara in Broken Bow, Oklahoma to prevent bankruptcy or harm from debt collectors.

Fast loans in Broken Bow, Oklahoma aren’t actually that difficult to obtain, particularly if you have some gumption like Tamara. Tamara was able to find a fast loan for $42000 from The Liberty State Bank of Tahlequah, Oklahoma and Security First National Bank of Hugo, but declined both offers in favor of their consolidation loan from American State Bank. 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 you are in a time sensitive situation.

Before applying for this consolidation loan, Tamara had an Experian score of 538, which is fair, so American State Bank most likely cannot provide Tamara a consolidation loan

Experian Score: 538

When Tamara was 20, they attempted to obtain a student loan from 5 different lenders, which damaged their credit rating. Below is a list of Tamara’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on February 22, 2011
  • Attempt 2) Loan for $37,000.00 on October 14, 2009
  • Attempt 3) Loan for $36,000.00 on July 16, 2013
  • Attempt 4) Loan for $20,000.00 on December 29, 2010
  • Attempt 5) Loan for $39,000.00 on October 7, 2011

9 Months Ago, Tamara Tried to Find a High Risk Loan for $27,000.00, and it was Hard

It is an well known 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 scary to borrowers like Tamara. Tamara 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 individuals. Individuals with credit ratings as low as 357 can inquire for a high risk loan and have a chance to be approved.

Client Profile: Tamara Mincks of Broken Bow, Oklahoma
  • Full name (Changed if requested): Tamara Mincks
  • Current Credit: loans.hit.utils.Fico@3d71d552
  • Current City: Broken Bow
  • State: Oklahoma
  • Zip code: 74733
  • Yearly income: $65,000
  • Current Job: fence installer
  • Current County: Mccurtain
  • Goal Yearly Income: $85,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

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

Tamara has always wanted to be a legislative assistant, but would need attend Rasmussen College again to achieve it. Tamara has other prospects as well, including missing person investigator, dispatcher, and social work professor, which pay $59,000 through to $90,000 per year, at least. Because of this, we believe that Tamara can afford this consolidation loan of $42000.

Paraphrased and Standardized Quote from Tamara for this consolidation loan of $42000, provided by American State Bank

Hello, I am Tamara and I am from Broken Bow in Oklahoma. Mccurtain, county is where I grew up, and now I need a consolidation loan in Oklahoma for $42000 to buy a car. It has been difficult, but American State Bank really came through for me with this loan for 11.1% interest APR and a term of 3 years. I will repay the loan over the 3 year term, including interest. A big thanks to American State Bank for giving me a chance and my fair credit. It look me 6 years to build my credit to 521, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.

Tamara’s Transunion score was altered by the consolidation loan loan, changing to 503 from 521, which is normal in our experience.

Transunion Score: 503

Conclusion of Tamara’s consolidation loan

In the end, Tamara was able to find a consolidation loan for $42000 with an interest rate of 6.8% interest APR from American State Bank in Broken Bow, Oklahoma repayable over 3 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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