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Debt Consolidation Loan Of $21000 For Excellent Credit Virginia Resident

$21000 Debt Consolidation Loan – Hampton Virginia, Credit Score Of 769

  • Experian: 785 – They had an excellent Experian rating
  • Transunion: 750 – Shavonda had an excellent credit score with Transunion.
  • Equifax: Shavonda’s Experian score was 769, which is an excellent credit rating with the Experian system.

Shavonda was rejected by Farmers Bank 4 times before being approved by The Old Point National Bank of Phoebus at 1 West Mellen Street

On September 22, 2012, Shavonda inquired about borrowing $35,000 from Bank of McKenney with Ken, their friend from just outside Hampton, and even with the co-signer, Shavonda was rejected for this debt consolidation loan. With excellent credit, it can be very hard to procure funding, even with collateral and a co-signer.

Client Profile: Shavonda Willams of Hampton, Virginia
  • Full name (Changed if requested): Shavonda Willams
  • Current Credit: loans.hit.utils.Fico@27973e9b
  • Current City: Hampton
  • State: Virginia
  • Zip code: 23667
  • Yearly income: $55,000
  • Current Job: home health aide
  • Current County: Hampton City
  • Goal Yearly Income: $143,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Personal Loan for a home health aide named Shavonda in Hampton, Virginia to Pay Off Chevron and Texaco Credit Card

Shavonda had a tonne of credit card debt on their Toys ‘R Us Platinum Mastercard and their Trustco Bank Hometown Secured Card, and they were starting to get in over their heads. Despite Shavonda’s job as a home health aide, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Shavonda for this debt consolidation loan of $21000, provided by The Old Point National Bank of Phoebus

Hello, I am Shavonda and my hometown is Hampton in Virginia. Hampton City, county is where I grew up, and now I need a debt consolidation loan in Virginia for $21000 to avoid bankruptcy. It wasn’t easy, but The Old Point National Bank of Phoebus really came through for me with this loan for 7.3% interest APR and a term of 17 years. I will repay the loan over the 17 year term, including interest. A big thanks to The Old Point National Bank of Phoebus for trusting me and my excellent credit. It look me 4 years to build my credit to 769, and I won’t tarnish it any more. I’m happy with Find Texas Loans for helping me this far.

Installment loan for Shavonda, a graduate of Old Dominion University and a home health aide working for over $73,000 per year

Shavonda, an alumnus at Old Dominion University and a home health aide in Hampton, Virginia needs a debt consolidation loan to purchase a new cell phone. Shavonda has instead decided to get an installment loan for $24,000 and is at present seeking lenders like First Virginia Bank – Hampton Roads to provide it.

Previous requests on Shavonda’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$45270.00 7 5.8% $657.0 Citizens Bank and Trust Company October 9, 2010
$45260.00 4 10.4% $1156.62 Peoples Community Bank April 1, 2011
$45210.00 4 6.6% $1074.24 Crestar Bank September 17, 2012
$44700.00 5 10.7% $965.21 The Merchants and Farmers Bank June 16, 2013
$44750.00 5 6.7% $879.78 First Virginia Bank-South Hill January 21, 2014

When Shavonda was 22, they tried to obtain a student loan from 7 alternate lenders, which damaged their credit rating. Below is a chronology of Shavonda’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on September 13, 2009
  • Attempt 2) Loan for $32,000.00 on May 5, 2009
  • Attempt 3) Loan for $36,000.00 on September 7, 2010
  • Attempt 4) Loan for $23,000.00 on July 24, 2009
  • Attempt 5) Loan for $34,000.00 on February 2, 2010
  • Attempt 6) Loan for $27,000.00 on March 8, 2011
  • Attempt 7) Loan for $34,000.00 on November 14, 2011

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans range from $23,000.00 to $55,000.00. They are typically used to pay off existing high interest loans like credit cards. Shavonda required a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Shavonda was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your bad, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 2.1%.

Shavonda’s Transunion score was altered by the debt consolidation loan loan, changing to 750 from 769, which is typical in our experience.

Transunion Score: 750

Shavonda’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their home health aide job and their future career as a social worker

Fico Score: 769

7 Months Ago, Shavonda Tried to Find a High Risk Loan for $39,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Shavonda. Shavonda decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Individuals with credit scores as low as 427 can inquire for a high risk loan and may be be accepted.

Many other requests for credit have been made by Shavonda in the past, including one from First City National Bank and Trust Company in Hampton, Virginia before Shavonda was accepted for the $21000 by The Old Point National Bank of Phoebus

Shavonda made 5 previous tries to obtain a debt consolidation loan, 2 of which were with First City National Bank and Trust Company, a lender in Hampton, Virginia known to specialize in debt consolidation loans specifically. Before finding The Old Point National Bank of Phoebus, Shavonda was concerned due to their inexperience and excellent credit score.

Fast Loans for Shavonda in Hampton, Virginia to prevent bankruptcy or harm from debt collectors.

Fast loans in Hampton, Virginia aren’t actually that difficult to obtain, particularly if you have some gumption like Shavonda. Shavonda was able to find a fast loan for $21000 from First Virginia Bank-South Hill and Peoples Community Bank, but declined both offers in favor of their debt consolidation loan from The Old Point National Bank of Phoebus. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement in the case that you are in a pinch.

Before applying for this debt consolidation loan, Shavonda had an Experian score of 785, which is excellent, so The Old Point National Bank of Phoebus likely can provide Shavonda a debt consolidation loan

Experian Score: 785

Contact Details for The Old Point National Bank of Phoebus, the provider of this debt consolidation loan

  • The Old Point National Bank of Phoebus
  • City: Hampton
  • State: Virginia
  • Address: 1 West Mellen Street
  • County: Hampton City
  • Zip code: 23663

Signature Loan found in Hampton, Virginia for $21000 with excellent credit by Shavonda

Most borrowers have difficulty with obtaining signature loans in Hampton, Virginia, and Shavonda is the same. Shavonda went to 8 lenders or more before settling on The Old Point National Bank of Phoebus, who offered Shavonda a signature loan for $21000. Typical signature loans simply need a client, like Shavonda’s signature to obtain them, up to $24,000 in some cases. Shavonda was able to get $21000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need collateral, these loans generally require improved credit, as high as 789

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

Shavonda has always wanted to be a social worker, but would need attend Old Dominion University again to become one. Shavonda has other prospects as well, including athletic coach, industrial designer, and harbor, which pay $50,000 through to $98,000 per year, on average. Because of this, we think that Shavonda can afford this debt consolidation loan of $21000.

Conclusion of Shavonda’s debt consolidation loan

In the end, Shavonda was able to find a debt consolidation loan for $21000 with an interest rate of 9.0% interest APR from The Old Point National Bank of Phoebus in Hampton, Virginia repayable over 17 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.