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

Direct Loan With Low APR In Cabarrus County, North Carolina

$76000 Direct Loan – Concord North Carolina, Credit Score Of 794

  • Experian: 809 – This individual had an excellent Experian score
  • Transunion: 779 – Katherine had an excellent credit score with Transunion.
  • Equifax: Katherine’s Experian score was 794, which is an excellent credit rating on the Experian rating scheme.

Many previous requests for credit have been made by Katherine in the past, including one from SUNWEST Bank of Farmington in Concord, North Carolina before Katherine was accepted for the $76000 by Cabarrus Bank & Trust Company

Katherine made 4 prior attempts to obtain a direct loan, 2 of which were with SUNWEST Bank of Farmington, a lending institution in Concord, North Carolina known to specialize in direct loans specifically. Prior to finding Cabarrus Bank & Trust Company, Katherine was concerned due to their inexperience and excellent credit score.

Personal Loan for an immigration inspector named Katherine in Concord, North Carolina to Pay Off PNC Travel Rewards Visa Business Credit Card

Katherine had a tonne of credit card debt on their American State Bank Visa and their The International Military Community Executives Association Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Katherine’s job as an immigration inspector, they struggled to make payments on the $26,000.00 credit card balance, badly needing assistance in the form of a personal loan.

6 Months Ago, Katherine Tried to Find a High Risk Loan for $32,000.00, and it was Hard

It is an existing struggle for clients to get high risk loans in a safe manner. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Katherine. Katherine decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit clients. Individuals with credit scores as low as 512 can apply for a high risk loan and possibly can be approved.

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $38,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Katherine required a debt consolidation loan to pay for their existing direct loan and their loan shark loan. Katherine was able to find a direct loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which transfers your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.4%.

Client Profile: Katherine Kuchinski of Concord, North Carolina
  • Full name (Changed if requested): Katherine Kuchinski
  • Current Credit: loans.hit.utils.Fico@4fca772d
  • Current City: Concord
  • State: North Carolina
  • Zip code: 28031
  • Yearly income: $49,000
  • Current Job: immigration inspector
  • Current County: Cabarrus
  • Goal Yearly Income: $118,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Contact Details for Cabarrus Bank & Trust Company, the provider of this direct loan

  • Cabarrus Bank & Trust Company
  • City: Concord
  • State: North Carolina
  • Address: 25 Palaside Drive, N.E.
  • County: Cabarrus
  • Zip code: 28026

Katherine’s Transunion score was altered by the direct loan loan, changing to 779 from 794, which is normal in our experience.

Transunion Score: 779

Installment loan for Katherine, a graduate of Arizona State University and an immigration inspector working for over $79,000 per year

Katherine, an alumnus at Arizona State University and an immigration inspector in Concord, North Carolina wants a direct loan to purchase a house. Katherine has instead chosen to obtain an installment loan for $14,000 and is currently seeking lenders like Citizens National Bank of Concord to process their request.

Katherine has a sad current total income, but has several of prospects

Katherine has always wanted to be a camp director, but would have to attend Arizona State University again to become one. Katherine has other prospects as well, including clinical dietitian, hospital nurse, and license clerk, which pay $54,000 through to $100,000 per year, at least. For this reason, we think that Katherine can pay for this direct loan of $76000.

Before applying for this direct loan, Katherine had an Experian score of 809, which is excellent, so Cabarrus Bank & Trust Company most likely cannot provide Katherine a direct loan

Experian Score: 809

Katherine’s Overall FICO score at the time of acceptance for a direct loan, taking into account their immigration inspector job and their future career as a camp director

Fico Score: 794

Paraphrased and Standardized Quote from Katherine for this direct loan of $76000, provided by Cabarrus Bank & Trust Company

Hi, I am Katherine and my hometown is Concord in North Carolina. Cabarrus, county is where I grew up, and now I need a direct loan in North Carolina for $76000 to buy a car. It has been difficult, but Cabarrus Bank & Trust Company really came through for me with this loan for 10.2% interest APR and a term of 7 years. I will repay the loan over the 7 year term, including interest. A big thanks to Cabarrus Bank & Trust Company for trusting me and my excellent credit. It look me 6 years to build my credit to 794, and I won’t tarnish it any more. I am pleased with Find Texas Loans for assisting me this far.

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

Fast loans in Concord, North Carolina aren’t actually that difficult to obtain, especially if you have some finesse like Katherine. Katherine was able to find a fast loan for $76000 from Farmers & Merchants Bank and Merchants & Farmers Bank, but turned down both offers in favor of their direct loan from Cabarrus Bank & Trust Company. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement if a borrower is on the go.

Previous requests on Katherine’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$109310.00 5 11.7% $2415.0 The Farmers Bank of Seaboard March 13, 2009
$108570.00 8 7.4% $1501.92 The Bank of Raeford March 17, 2013
$109470.00 8 6.4% $1460.01 The Bank of Coleridge June 12, 2013
$108520.00 8 9.6% $1623.82 Farmers Bank of Sunbury July 14, 2014

When Katherine was 20, they tried to obtain a student loan from 7 alternate banks, which damaged their credit rating. Below is a list of Katherine’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on October 28, 2008
  • Attempt 2) Loan for $25,000.00 on January 12, 2013
  • Attempt 3) Loan for $22,000.00 on December 16, 2011
  • Attempt 4) Loan for $29,000.00 on September 18, 2013
  • Attempt 5) Loan for $21,000.00 on July 24, 2009
  • Attempt 6) Loan for $20,000.00 on May 3, 2010
  • Attempt 7) Loan for $34,000.00 on April 30, 2013

Katherine was not approved by First Charter Bank 5 times before being approved by Cabarrus Bank & Trust Company at 25 Palaside Drive, N.E.

On July 24, 2012, Katherine applied about borrowing $43,000 from Nationsbank of North Carolina, National Association with Neomi, their friend from just outside Concord, and even with the co-signer, Katherine was rejected for this direct loan. With excellent credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Signature Loan acquired in Concord, North Carolina for $76000 with excellent credit by Katherine

Most prospective borrowers struggle with obtaining signature loans in Concord, North Carolina, and Katherine is no different. Katherine went to 8 lending institutions or more before finding Cabarrus Bank & Trust Company, who offered Katherine a signature loan for $76000. Most signature loans simply need a client, like Katherine’s signature to obtain them, up to $35,000 in some cases. Katherine was able to get $76000 as a direct loan, which is very high for a direct loan. Since signature loans don’t need collateral, these loans tend to require higher credit, as high as 791

Conclusion of Katherine’s direct loan

In the end, Katherine was able to find a direct loan for $76000 with an interest rate of 6.2% interest APR from Cabarrus Bank & Trust Company in Concord, North Carolina repayable over 7 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.

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.