$9000 Consolidation Loan – Mount Airy North Carolina, Credit Score Of 428
- Experian: 446 – This individual had a bad Experian rating
- Transunion: 410 – Donnie had a bad credit rating with Transunion.
- Equifax: Donnie’s Experian score was 428, which is a bad credit rating on the Experian system.
Previous requests on Donnie’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$101520.00||8||5.5%||$1309.54||The Farmers Bank of Seaboard||August 13, 2010|
|$101880.00||6||10.3%||$1902.86||The Bank of Raeford||August 23, 2010|
|$101790.00||9||5.6%||$1202.03||The Bank of Coleridge||November 6, 2011|
|$102170.00||9||9.8%||$1427.38||Farmers Bank of Sunbury||January 4, 2012|
|$102320.00||7||8.6%||$1625.54||Bank of Pittsboro||February 10, 2013|
Paraphrased and Standardized Quote from Donnie for this consolidation loan of $9000, provided by Surrey Bank & Trust
Hi, I am Donnie and my hometown is Mount Airy in North Carolina. Surry, county is where I grew up, and now I need a consolidation loan in North Carolina for $9000 to renovate my home. It wasn’t easy, but Surrey Bank & Trust really came through for me with this loan for 11.5% interest APR and a term of 16 years. I can repay the loan over the 16 year term, including interest. A big thanks to Surrey Bank & Trust for giving me a chance and my bad credit. It look me 5 years to create my credit to 428, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.
Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans range from $35,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Donnie needed a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Donnie was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your dirty, catastrophically high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 4.6%.
Contact Details for Surrey Bank & Trust, the provider of this consolidation loan
- Surrey Bank & Trust
- City: Mount Airy
- State: North Carolina
- Address: 145 North Renfro Street
- County: Surry
- Zip code: 27030
Personal Loan for a physics professor named Donnie in Mount Airy, North Carolina to Pay Off First Niagara Pinnacle WORLD MasterCard
Donnie had a lot of credit card debt on their Citgo Plus Card and their Members 1st FCU Visa Platinum Points Rewards Credit Card, and they were starting to get in over their heads. Despite Donnie’s job as a physics professor, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Signature Loan found in Mount Airy, North Carolina for $9000 with bad credit by Donnie
Many prospective borrowers struggle with finding signature loans in Mount Airy, North Carolina, and Donnie is not an exception. Donnie went to 6 lenders or more before settling on Surrey Bank & Trust, who offered Donnie a signature loan for $9000. Most signature loans simply require a client, like Donnie’s signature to get them, up to $24,000 in some cases. Donnie was able to get $9000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans do not require a cosigner, these loans generally require improved credit, as high as 722
- Full name (Changed if requested): Donnie Geitz
- Current Credit: loans.hit.utils.Fico@4d405ef7
- Current City: Mount Airy
- State: North Carolina
- Zip code: 27033
- Yearly income: $53,000
- Current Job: physics professor
- Current County: Surry
- Goal Yearly Income: $113,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
Several previous requests for credit have been made by Donnie in the past, including one from The Huntington National Bank of Franklin in Mount Airy, North Carolina before Donnie was approved for the $9000 by Surrey Bank & Trust
Donnie made 5 prior attempts to obtain a consolidation loan, 2 of which were with The Huntington National Bank of Franklin, a bank in Mount Airy, North Carolina known to specialize in consolidation loans specifically. Prior to finding Surrey Bank & Trust, Donnie was very concerned due to their inexperience and bad credit rating.
Donnie’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their physics professor job and their future career as a vending machine mechanic
Donnie has a sad current yearly income, but has a large amount of prospects
Donnie has always wanted to be a vending machine mechanic, but would need attend University of Houston again to achieve it. Donnie has other possibilities as well, including farm products purchasing agent, radio & tv newscaster, and pediatric dentist, which pay $53,000 through to $101,000 per year, at least. For this reason, we think that Donnie can pay for this consolidation loan of $9000.
Before applying for this consolidation loan, Donnie had an Experian score of 446, which is bad, so Surrey Bank & Trust likely cannot provide Donnie a consolidation loan
Donnie’s Transunion score was changed by the consolidation loan loan, changing to 410 from 428, which is normal in our experience.
Fast Loans for Donnie in Mount Airy, North Carolina to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Mount Airy, North Carolina aren’t actually that difficult to obtain, especially if you have some gumption like Donnie. Donnie was able to find a fast loan for $9000 from Citizens National Bank of Concord and First State Bank, but declined both offers in favor of their consolidation loan from Surrey Bank & Trust. The improvement with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big difference in the case that you are on the go.
6 Months in the Past, Donnie Tried to Find a High Risk Loan for $33,000.00, but They Didn’t Find What They were Expecting
It is an well known struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Donnie. Donnie chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Borrowers with credit scores as low as 464 can inquire for a high risk loan and may be be accepted.
Donnie was rejected by The Carolina Bank 5 times before being approved by Surrey Bank & Trust at 145 North Renfro Street
On May 23, 2013, Donnie inquired about borrowing $23,000 from The Carolina Bank with Ruben, their friend from just outside Mount Airy, and even with the co-signer, Donnie was rejected for this consolidation loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.
When Donnie was 24, they tried to obtain a student loan from 6 different lenders, which harmed their credit rating. Below is a list of Donnie’s previous attempts at finding a student loan:
- Attempt 1) Loan for $39,000.00 on January 18, 2010
- Attempt 2) Loan for $29,000.00 on September 2, 2011
- Attempt 3) Loan for $32,000.00 on December 1, 2012
- Attempt 4) Loan for $35,000.00 on April 27, 2012
- Attempt 5) Loan for $23,000.00 on March 4, 2010
- Attempt 6) Loan for $32,000.00 on June 5, 2011
Installment loan for Donnie, a graduate of University of Houston and a physics professor working for over $78,000 per year
Donnie, an alumnus at University of Houston and a physics professor in Mount Airy, North Carolina wants a consolidation loan to purchase something frivolous. Donnie has instead decided to get an installment loan for $4,000 and is at present seeking lenders like The Bank of Northampton to process their request.
Conclusion of Donnie’s consolidation loan
In the end, Donnie was able to find a consolidation loan for $9000 with an interest rate of 6.4% interest APR from Surrey Bank & Trust in Mount Airy, North Carolina repayable over 16 years from today.