Understanding Bad Credit Personal Installment Loans in Texas
Many Texas residents have less-than-stellar credit and may find themselves in need of financial assistance from time to time. However, bad credit can potentially harm one’s chances of securing financial aid or additional credit when you need it most. Bad credit loans may seem few and far between, but Western Shamrock Corporation is here to help.
We understand that bad credit can happen for many reasons. Poor financial choices in early adulthood, misleading financing terms, and simply forgetting to pay bills on time can all negatively impact a person’s credit. Mistakes happen, and one of the most important things that a financial institution will examine when considering extending credit to a borrower is the borrower’s plan for repayment.
Why Is Bad Credit a Problem?
If your credit score is low, it can negatively impact your ability to secure credit through other lenders. Creditors and lenders look at potential borrowers’ credit to determine their level of risk when approving or rejecting loan and credit applications.
For example, a borrower with a high credit score asking for a smaller loan amount represents a very low risk. The borrower’s credit score indicates the borrower has a solid track record of paying bills and debts on time and has a manageable debt-to-income ratio. On the other end of the spectrum, a borrower with a low credit score asking for a larger sum would represent a high risk to the lender. The borrower may not have an adequate debt-to-income ratio to account for repayment on the loan, and the borrower’s track record may not inspire much confidence in the lender.
If you have bad credit, finding a personal loan in Texas can be very hard to do through most lenders. However, Western Shamrock offers traditional installation loans to meet your needs. Western Shamrock’s personal installment loans can help you pay for unexpected expenses – even if your credit score is less than ideal.
How Western Shamrock Can Help
Western Shamrock offers bad credit loans to Texas borrowers who need financial assistance. Whether you’re facing storm damage that insurance won’t cover in Houston or a necessary vehicle repair for your commuter car in San Antonio, we understand that unexpected expenses can appear at the worst possible time. Our loan terms are flexible and straightforward, and you can use a bad credit loan for all types of unexpected expenses. A few instances could be:
If you need vehicle repairs so your car can pass inspection, a bad credit loan through Western Shamrock can provide the financial flexibility you need to pay for your repairs without disrupting your budget.
Home repairs could range from hundreds of dollars to more than a thousand dollars depending on the severity of the damage. Homeowners’ or renter’s insurance may pay for some or even most of the cost to repair, and a bad credit loan can potentially cover the difference.
A medical issue may arise that demands immediate attention, but health insurance may not completely cover the cost of treatment. A bad credit loan could offer the financial relief you need after receiving a hospital bill you can’t afford to pay out of pocket.
New appliance purchases. If your water heater or laundry machine suddenly dies, you need a replacement as soon as possible. A bad credit loan can provide the funds you need for your replacement quickly, allowing you the ability to purchase new appliances on your terms.
These are just a few examples of how Western Shamrock can help an individual with bad credit secure financial assistance when they need it most. While other lenders may be overly scrupulous, our loans represent minimal risk. We can be flexible in our repayment options to help Texans with bad credit handle emergencies more easily.
How Does a Bad Credit Personal Installment Loan in Texas Work?
Western Shamrock is a traditional installment lender. We offer personal installment loans to borrowers who need financial assistance for unexpected expenses. While many lenders only like to lend money to borrowers with good credit, we understand how difficult it can be to reverse bad credit in Texas, and we will work with borrowers on an individual basis.
We assess our borrowers’ financial needs and ability to handle repayment case by case. We will not simply accept or reject a loan application based on a number. We understand that it can take quite a long time for a person’s credit score to reflect their recent financial decisions. If you have been making progress toward paying down your debts and improving your credit score, this is a good sign to our team that you’re a worthy borrower who could benefit from a bad credit personal installment loan.
Choose the Top Installment Loan Lender in Texas
Western Shamrock can provide you with a bad credit installment loan of of up to $1,480 depending on your situation. We arrange repayment plans extending from four to 30 months based on the amount borrowed and ability to repay. Start your application today and find out how Western Shamrock can help you out of a tough financial spot.