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Consolidation Loan With Reasonable APR In Amherst County, Virginia

$66000 Consolidation Loan – Amherst Virginia, Credit Score Of 799

  • Experian: 810 – This individual had an excellent Experian score
  • Transunion: 785 – Katy had an excellent credit score with Transunion.
  • Equifax: Katy’s Experian score was 799, which is an excellent credit score using the Experian scale.

Fast Loans for Katy in Amherst, Virginia to prevent bankruptcy or harm from debt collectors.

Fast loans in Amherst, Virginia aren’t actually that difficult to obtain, especially if you have some finesse like Katy. Katy was able to find a fast loan for $66000 from Bank of Virginia-Southeast and Farmers Bank, but declined both offers in favor of their consolidation loan from Farmers and Merchants Bank, Inc. of Amherst, Virginia. The difference 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 personal loans. A big improvement in the case that you are on the go.

Katy’s Transunion score was altered by the consolidation loan loan, changing to 785 from 799, which is normal in our experience.

Transunion Score: 785

Several previous requests for credit have been made by Katy in the past, including one from Flagship National Bank in Amherst, Virginia before Katy was accepted for the $66000 by Farmers and Merchants Bank, Inc. of Amherst, Virginia

Katy made 8 prior attempts to obtain a consolidation loan, 2 of which were with Flagship National Bank, a bank in Amherst, Virginia known to specialize in consolidation loans specifically. Prior to finding Farmers and Merchants Bank, Inc. of Amherst, Virginia, Katy was desperate due to their inexperience and excellent credit score.

Previous requests on Katy’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$49780.00 5 6.2% $967.02 Citizens Bank and Trust Company June 26, 2009
$50460.00 8 11.4% $803.57 Peoples Community Bank October 5, 2011
$49700.00 7 9.8% $819.95 Crestar Bank November 14, 2011
$50100.00 4 6.1% $1178.9 The Merchants and Farmers Bank September 12, 2013
Client Profile: Katy Kittles of Amherst, Virginia
  • Full name (Changed if requested): Katy Kittles
  • Current Credit: loans.hit.utils.Fico@31221be2
  • Current City: Amherst
  • State: Virginia
  • Zip code: 24522
  • Yearly income: $35,000
  • Current Job: parking enforcement officer
  • Current County: Amherst
  • Goal Yearly Income: $102,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Before applying for this consolidation loan, Katy had an Experian score of 810, which is excellent, so Farmers and Merchants Bank, Inc. of Amherst, Virginia probably cannot provide Katy a consolidation loan

Experian Score: 810

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $32,000.00 to $47,000.00. They are mainly used to pay off existing high interest loans like credit cards. Katy needed a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Katy was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.2%.

Signature Loan found in Amherst, Virginia for $66000 with excellent credit by Katy

Most prospective borrowers have difficulty with finding signature loans in Amherst, Virginia, and Katy is not an exception. Katy went to 5 lenders or more before finding Farmers and Merchants Bank, Inc. of Amherst, Virginia, who offered Katy a signature loan for $66000. Most signature loans simply require a client, like Katy’s signature to get them, up to $24,000 in some cases. Katy was able to get $66000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans don’t need a cosigner, these loans tend to require higher credit, as high as 746

Paraphrased and Standardized Quote from Katy for this consolidation loan of $66000, provided by Farmers and Merchants Bank, Inc. of Amherst, Virginia

Hi, I am Katy and I’m from Amherst in Virginia. Amherst, county is where I grew up, and now I need a consolidation loan in Virginia for $66000 to buy a car. It wasn’t easy, but Farmers and Merchants Bank, Inc. of Amherst, Virginia really came through for me with this loan for 5.6% interest APR and a term of 20 years. I can repay the loan over the 20 year term, including interest. A big thanks to Farmers and Merchants Bank, Inc. of Amherst, Virginia for giving me a chance and my excellent credit. It look me 7 years to build my credit to 799, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

When Katy was 23, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a list of Katy’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $27,000.00 on September 22, 2010
  • Attempt 2) Loan for $39,000.00 on December 2, 2012
  • Attempt 3) Loan for $35,000.00 on January 31, 2012
  • Attempt 4) Loan for $37,000.00 on March 6, 2009

Installment loan for Katy, a graduate of 81st Medical Group/DS/SGDDT/Keesler AFB Residency in General Dentistry 12 Months and a parking enforcement officer working for over $61,000 per year

Katy, an alumnus at 81st Medical Group/DS/SGDDT/Keesler AFB Residency in General Dentistry 12 Months and a parking enforcement officer in Amherst, Virginia wants a consolidation loan to purchase a new cell phone. Katy has instead chosen to obtain an installment loan for $19,000 and is at present seeking lenders like Bank of McKenney to process their request.

7 Months in the Past, Katy Tried Finding a High Risk Loan for $29,000.00, but They Didn’t Find What They were Expecting

It is an well known struggle for clients to get high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Katy. Katy decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit individuals. Clients with credit scores as low as 356 can inquire for a high risk loan and have a chance to be accepted.

Contact Details for Farmers and Merchants Bank, Inc. of Amherst, Virginia, the provider of this consolidation loan

  • Farmers and Merchants Bank, Inc. of Amherst, Virginia
  • City: Amherst
  • State: Virginia
  • Address: 301 Main Street
  • County: Amherst
  • Zip code: 24521

Katy has a disappointing current gross income, but has a high number of prospects

Katy has always wanted to be a graduate teaching assistant, but would need attend 81st Medical Group/DS/SGDDT/Keesler AFB Residency in General Dentistry 12 Months again to achieve it. Katy has other prospects as well, including mill worker, sales representative, and city planning aide, which pay $56,000 through to $98,000 per year, at least. Because of this, we think that Katy can afford this consolidation loan of $66000.

Katy was rejected by Capital One, National Association 6 times before being accepted by Farmers and Merchants Bank, Inc. of Amherst, Virginia at 301 Main Street

On July 16, 2012, Katy applied about borrowing $8,000 from First Virginia Bank – Hampton Roads with Elbert, their in law from just outside Amherst, and even with the co-signer, Katy was rejected for this consolidation loan. With excellent credit, it can be very hard to procure financing, even with collateral and a co-signer.

Personal Loan for a parking enforcement officer named Katy in Amherst, Virginia to Pay Off ESL Visa Credit Card

Katy had a lot of credit card debt on their University of Virginia Community Credit Union Credit Cards and their Commerce Bank Special Connections VISA with Rewards, and they were starting to get in over their heads. Despite Katy’s job as a parking enforcement officer, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Katy’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their parking enforcement officer job and their future job as a graduate teaching assistant

Fico Score: 799

Conclusion of Katy’s consolidation loan

In the end, Katy was able to find a consolidation loan for $66000 with an interest rate of 5.5% interest APR from Farmers and Merchants Bank, Inc. of Amherst, Virginia in Amherst, Virginia repayable over 20 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.