Do you have over $10,000 in Debt? Get Help now.

Consolidation Loan Of $105000 For Fair Credit Virginia Resident

$105000 Consolidation Loan – Roanoke Virginia, Credit Rating Of 524

  • Experian: 536 – The client had a fair Experian rating
  • Transunion: 507 – Pat had a fair credit rating with Transunion.
  • Equifax: Pat’s Experian score was 524, which is a fair credit rating with the Experian scale.

Pat’s Transunion score was changed by the consolidation loan loan, changing to 507 from 524, which is typical in our experience.

Transunion Score: 507

Pat was rejected by First Virginia Bank-South Hill 6 times before being accepted by First Security Bank at 5002 Williamson Road

On December 25, 2011, Pat applied about borrowing $7,000 from First Virginia Bank of Augusta with Lyn, their in law from just outside Roanoke, and even with the co-signer, Pat was rejected for this consolidation loan. With fair credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Fast Loans for Pat in Roanoke, Virginia to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Roanoke, Virginia aren’t actually that difficult to obtain, particularly if you have some finesse like Pat. Pat was able to find a fast loan for $105000 from Richmond National Bank and First Virginia Bank – Hampton Roads, but turned down both offers in favor of their consolidation loan from First Security Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement if a borrower is in a time sensitive situation.

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

  • First Security Bank
  • City: Roanoke
  • State: Virginia
  • Address: 5002 Williamson Road
  • County: Roanoke City
  • Zip code: 24012

Previous requests on Pat’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$138370.00 4 10.4% $3536.06 Citizens Bank and Trust Company March 27, 2012
$137620.00 6 5.4% $2241.99 Peoples Community Bank March 16, 2013
$137760.00 5 10.1% $2933.78 Crestar Bank September 28, 2013
$138160.00 10 7.8% $1661.7 The Merchants and Farmers Bank May 29, 2014

Paraphrased and Standardized Quote from Pat for this consolidation loan of $105000, provided by First Security Bank

Hello, I am Pat and I’m from Roanoke in Virginia. Roanoke City, county is where I grew up, and now I need a consolidation loan in Virginia for $105000 to pay bills. It has been difficult, but First Security Bank really came through for me with this loan for 5.4% interest APR and a term of 18 years. I can probably repay the loan over the 18 year term, including interest. A big thanks to First Security Bank for giving me a chance and my fair credit. It look me 5 years to create my credit to 524, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.

Client Profile: Pat Mars of Roanoke, Virginia
  • Full name (Changed if requested): Pat Mars
  • Current Credit: loans.hit.utils.Fico@4783da3f
  • Current City: Roanoke
  • State: Virginia
  • Zip code: 24019
  • Yearly income: $68,000
  • Current Job: computer controlled machine tool operator
  • Current County: Roanoke City
  • Goal Yearly Income: $133,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Personal Loan for a computer controlled machine tool operator named Pat in Roanoke, Virginia to Pay Off Marine Corps Association

Pat had a tonne of credit card debt on their Staples Commercial Billing Credit Card and their US Bank Perks+ Visa Platinum Card, and they were starting to get in over their heads. Despite Pat’s job as a computer controlled machine tool operator, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

6 Months in the Past, Pat Attempted to Find a High Risk Loan for $47,000.00, and it was Easy

There is an ongoing struggle for borrowers to get high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Pat. Pat chose 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. Individuals with credit ratings as low as 424 can apply for a high risk loan and have a chance to be approved.

Signature Loan acquired in Roanoke, Virginia for $105000 with fair credit by Pat

A lot of borrowers have difficulty with finding signature loans in Roanoke, Virginia, and Pat is the same. Pat went to 8 lending institutions or more prior to settling on First Security Bank, who offered Pat a signature loan for $105000. Most signature loans simply require a client, like Pat’s signature to get them, up to $47,000 in some cases. Pat was able to get $105000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not require collateral, these loans tend to require improved credit, as high as 796

Pat has a disappointing current gross income, but has a large amount of prospects

Pat has always wanted to be a human resources management advisor, but would have to attend University of Minnesota – Twin Cities again to become one. Pat has other possibilities as well, including product planner, nuclear engineer, and aircraft mechanic, which pay $57,000 through to $107,000 per year, on average. Because of this, we think that Pat can pay for this consolidation loan of $105000.

Many past requests for credit have been made by Pat in the past, including one from The Commerce Bank in Roanoke, Virginia before Pat was approved for the $105000 by First Security Bank

Pat made 8 prior attempts to obtain a consolidation loan, 2 of which were with The Commerce Bank, a bank in Roanoke, Virginia known to specialize in consolidation loans specifically. Prior to finding First Security Bank, Pat was very concerned due to their inexperience and fair credit score.

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

Most debt consolidation loans vary from $28,000.00 to $45,000.00. They are typically used to pay off existing high interest loans like credit cards. Pat needed a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Pat was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your dirty, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.6%.

Installment loan for Pat, a graduate of University of Minnesota – Twin Cities and a computer controlled machine tool operator working for over $69,000 per year

Pat, an alumnus at University of Minnesota – Twin Cities and a computer controlled machine tool operator in Roanoke, Virginia needs a consolidation loan to purchase a car. Pat has instead decided to get an installment loan for $22,000 and is currently seeking lenders like The Bank of Fincastle to process their request.

Before applying for this consolidation loan, Pat had an Experian score of 536, which is fair, so First Security Bank most likely cannot provide Pat a consolidation loan

Experian Score: 536

When Pat was 23, they tried to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a chronology of Pat’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on July 8, 2012
  • Attempt 2) Loan for $38,000.00 on April 10, 2009
  • Attempt 3) Loan for $23,000.00 on February 7, 2012
  • Attempt 4) Loan for $26,000.00 on April 5, 2013

Pat’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their computer controlled machine tool operator job and their future job as a human resources management advisor

Fico Score: 524

Conclusion of Pat’s consolidation loan

In the end, Pat was able to find a consolidation loan for $105000 with an interest rate of 10.3% interest APR from First Security Bank in Roanoke, Virginia repayable over 18 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.