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Consolidation Loan Of $38000 For Bad Credit North Carolina Resident

$38000 Consolidation Loan – Thomasville North Carolina, Credit Score Of 433

  • Experian: 452 – They had a bad Experian rating
  • Transunion: 420 – Josefina had a bad credit score with Transunion.
  • Equifax: Josefina’s Experian score was 433, which is a bad credit rating with the Experian rating scheme.

Signature Loan found in Thomasville, North Carolina for $38000 with bad credit by Josefina

Most prospective borrowers have difficulty with obtaining signature loans in Thomasville, North Carolina, and Josefina is not an exception. Josefina went to 5 lending institutions or more before settling on Bank of North Carolina, who offered Josefina a signature loan for $38000. Most signature loans simply require a client, like Josefina’s signature to obtain them, up to $21,000 in some cases. Josefina was able to get $38000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not need collateral, these loans tend to require better credit, as high as 738

Josefina’s Transunion score was changed by the consolidation loan loan, changing to 420 from 433, which is normal in our experience.

Transunion Score: 420

Client Profile: Josefina Sladky of Thomasville, North Carolina
  • Full name (Changed if requested): Josefina Sladky
  • Current Credit: loans.hit.utils.Fico@76fb509a
  • Current City: Thomasville
  • State: North Carolina
  • Zip code: 27363
  • Yearly income: $39,000
  • Current Job: probation officer
  • Current County: Davidson
  • Goal Yearly Income: $93,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Many previous requests for credit have been made by Josefina in the past, including one from First & Ocean National Bank in Thomasville, North Carolina before Josefina was accepted for the $38000 by Bank of North Carolina

Josefina made 4 previous attempts to obtain a consolidation loan, 2 of which were with First & Ocean National Bank, a lending institution in Thomasville, North Carolina known to specialize in consolidation loans specifically. Before finding Bank of North Carolina, Josefina was very concerned due to their inexperience and bad credit rating.

Personal Loan for a probation officer named Josefina in Thomasville, North Carolina to Pay Off Bangor Savings Bank Travel Rewards American Express Card

Josefina had a lot of credit card debt on their Dillard’s Rewards American Express Card and their Pittsburgh Pirates World MasterCard with Extra Bases Rewards, and they were starting to get in over their heads. Despite Josefina’s job as a probation officer, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Josefina has a very low current yearly income, but has several of prospects

Josefina has always wanted to be a cost estimator, but would have to attend South Florida State College again to become one. Josefina has other prospects as well, including criminal justice professor, motorboat mechanic, and gas plant operator, which pay $52,000 through to $107,000 per year, on average. For this reason, we think that Josefina can afford this consolidation loan of $38000.

9 Months in the Past, Josefina Attempted to Find a High Risk Loan for $39,000.00, and it was Easy

It is an well known struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Josefina. Josefina decided not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Clients with credit scores as low as 387 can inquire for a high risk loan and may be be approved.

Before applying for this consolidation loan, Josefina had an Experian score of 452, which is bad, so Bank of North Carolina probably can provide Josefina a consolidation loan

Experian Score: 452

When Josefina was 19, they tried to obtain a student loan from 6 different lenders, which damaged their credit score. Below is a chronology of Josefina’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on February 3, 2014
  • Attempt 2) Loan for $20,000.00 on January 25, 2013
  • Attempt 3) Loan for $29,000.00 on June 4, 2011
  • Attempt 4) Loan for $28,000.00 on March 19, 2012
  • Attempt 5) Loan for $22,000.00 on August 7, 2011
  • Attempt 6) Loan for $29,000.00 on March 28, 2012

Josefina was rejected by Central Carolina Bank and Trust Company 6 times before being granted funding by Bank of North Carolina at 831 Julian Avenue

On May 9, 2013, Josefina inquired about borrowing $39,000 from United Carolina Bank with Sha, their friend from just outside Thomasville, and even with the co-signer, Josefina was rejected for this consolidation loan. With bad credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $35,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Josefina needed a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Josefina was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.8%.

Josefina’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their probation officer job and their future career as a cost estimator

Fico Score: 433

Paraphrased and Standardized Quote from Josefina for this consolidation loan of $38000, provided by Bank of North Carolina

Hello, I am Josefina and my hometown is Thomasville in North Carolina. Davidson, county is where I grew up, and now I need a consolidation loan in North Carolina for $38000 to renovate my home. It has been difficult, but Bank of North Carolina really came through for me with this loan for 7.6% interest APR and a term of 16 years. I can repay the loan over the 16 year term, including interest. A big thanks to Bank of North Carolina for giving me a chance and my bad credit. It look me 7 years to build my credit to 433, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.

Fast Loans for Josefina in Thomasville, North Carolina to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Thomasville, North Carolina aren’t actually that difficult to obtain, especially if you have some finesse like Josefina. Josefina was able to find a fast loan for $38000 from The Bank of Raeford and The Bank of Currituck, but declined both offers in favor of their consolidation loan from Bank of North Carolina. The improvement with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for debt consolidation loans. An improvement in the case that a borrower is in a time sensitive situation.

Contact Details for Bank of North Carolina, the provider of this consolidation loan

  • Bank of North Carolina
  • City: Thomasville
  • State: North Carolina
  • Address: 831 Julian Avenue
  • County: Davidson
  • Zip code: 27360

Installment loan for Josefina, a graduate of South Florida State College and a probation officer working for over $63,000 per year

Josefina, an alumnus at South Florida State College and a probation officer in Thomasville, North Carolina wants a consolidation loan to purchase a new cell phone. Josefina has instead decided to obtain an installment loan for $9,000 and is at present seeking lenders like Commercial & Farmers Bank to process their request.

Previous requests on Josefina’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$34820.00 6 10.3% $650.35 The Farmers Bank of Seaboard January 19, 2010
$35220.00 6 11.4% $677.62 The Bank of Raeford September 20, 2013
$35330.00 5 7.7% $711.3 The Bank of Coleridge October 14, 2014
$34560.00 4 5.8% $808.48 Farmers Bank of Sunbury May 27, 2015

Conclusion of Josefina’s consolidation loan

In the end, Josefina was able to find a consolidation loan for $38000 with an interest rate of 11.0% interest APR from Bank of North Carolina in Thomasville, North Carolina repayable over 16 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.