$234000 Private Loan – New Market Virginia, Credit Score Of 710
- Experian: 726 – This client had a good Experian rating
- Transunion: 698 – Kenneth had a good credit score with Transunion.
- Equifax: Kenneth’s Experian score was 710, which is a good credit score with the Experian scale.
Installment loan for Kenneth, a graduate of George Mason University and an exercise physiologist working for over $77,000 per year
Kenneth, an alumnus at George Mason University and an exercise physiologist in New Market, Virginia needs a private loan to purchase a car. Kenneth has instead decided to obtain an installment loan for $23,000 and is currently seeking lenders like Planters Bank and Trust Company to process their request.
Signature Loan acquired in New Market, Virginia for $234000 with good credit by Kenneth
A lot of clients struggle with finding signature loans in New Market, Virginia, and Kenneth is no exception. Kenneth went to 4 lenders or more prior to finding Citizens National Bank, who offered Kenneth a signature loan for $234000. Typical signature loans simply require a client, like Kenneth’s signature to get them, up to $38,000 in some cases. Kenneth was able to get $234000 as a private loan, which is very high for a private loan. Because signature loans don’t need collateral, they generally require higher credit, as high as 738
Before applying for this private loan, Kenneth had an Experian score of 726, which is good, so Citizens National Bank likely cannot provide Kenneth a private loan
Kenneth’s Overall FICO score at the time of acceptance for a private loan, taking into account their exercise physiologist job and their future job as an industrial waste inspector
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Most debt consolidation loans vary from $34,000.00 to $51,000.00. They are mainly used to pay off existing high interest loans like credit cards. Kenneth required a debt consolidation loan to pay for their existing private loan and their loan shark loan. Kenneth was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which changes your bad, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 4.3%.
Contact Details for Citizens National Bank, the provider of this private loan
- Citizens National Bank
- City: New Market
- State: Virginia
- Address: Congress Street
- County: Shenandoah
- Zip code: 22844
Personal Loan for an exercise physiologist named Kenneth in New Market, Virginia to Pay Off Ohio Savings Bank Visa Signature Card with Maximum Rewards
Kenneth had a tonne of credit card debt on their Orbitz Visa Platinum Credit Card and their Arvest Premier Corporate Visa, and they were starting to get in over their heads. Despite Kenneth’s job as an exercise physiologist, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Kenneth’s Transunion score was changed by the private loan loan, changing to 698 from 710, which is typical in our experience.
Previous requests on Kenneth’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$144350.00||11||6.8%||$1556.03||Citizens Bank and Trust Company||August 25, 2010|
|$144240.00||6||7.8%||$2514.93||Peoples Community Bank||October 27, 2012|
|$143600.00||6||9.8%||$2645.85||Crestar Bank||April 24, 2013|
|$144410.00||6||10.3%||$2697.21||The Merchants and Farmers Bank||June 30, 2013|
Kenneth has a disappointing current gross income, but has a large amount of prospects
Kenneth has always wanted to be an industrial waste inspector, but would need attend George Mason University again to become one. Kenneth has other prospects as well, including mill worker, business professor, and medical photographer, which pay $54,000 through to $107,000 per year, at least. For this reason, we believe that Kenneth can pay for this private loan of $234000.
Kenneth was not approved by Bank of Virginia-Southeast 6 times before being granted funding by Citizens National Bank at Congress Street
On November 19, 2009, Kenneth inquired about borrowing $41,000 from Central Fidelity Bank with Usha, their friend from just outside New Market, and even with the co-signer, Kenneth was rejected for this private loan. With good credit, it can be difficult to procure financing, even with collateral and a co-signer.
Several past requests for credit have been made by Kenneth in the past, including one from First National Bank and Trust Co. of Bottineau in New Market, Virginia before Kenneth was accepted for the $234000 by Citizens National Bank
Kenneth made 5 previous tries to obtain a private loan, 2 of which were with First National Bank and Trust Co. of Bottineau, a bank in New Market, Virginia known to specialize in private loans specifically. Prior to finding Citizens National Bank, Kenneth was concerned due to their inexperience and good credit rating.
7 Months in the Past, Kenneth Tried Finding a High Risk Loan for $30,000.00, and it was Hard
There is an ongoing struggle for clients to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Kenneth. Kenneth chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit applicants. Clients with credit ratings as low as 319 can inquire for a high risk loan and may be be approved.
- Full name (Changed if requested): Kenneth Presnar
- Current Credit: loans.hit.utils.Fico@1218025c
- Current City: New Market
- State: Virginia
- Zip code: 22847
- Yearly income: $54,000
- Current Job: exercise physiologist
- Current County: Shenandoah
- Goal Yearly Income: $100,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000
When Kenneth was 22, they tried to obtain a student loan from 4 alternate banks, which harmed their credit score. Below is a chronology of Kenneth’s previous attempts at finding a student loan:
- Attempt 1) Loan for $31,000.00 on March 22, 2011
- Attempt 2) Loan for $24,000.00 on November 25, 2010
- Attempt 3) Loan for $34,000.00 on January 17, 2011
- Attempt 4) Loan for $28,000.00 on May 23, 2009
Paraphrased and Standardized Quote from Kenneth for this private loan of $234000, provided by Citizens National Bank
Hello, I am Kenneth and my hometown is New Market in Virginia. Shenandoah, county is where I grew up, and now I need a private loan in Virginia for $234000 to buy a big ticket item. It has been difficult, but Citizens National Bank really came through for me with this loan for 10.2% interest APR and a term of 15 years. I will repay the loan over the 15 year term, including interest. A big thanks to Citizens National Bank for giving me a chance and my good credit. It look me 9 years to build my credit to 710, and I won’t harm it any more. I am happy with Find Texas Loans for helping me this far.
Fast Loans for Kenneth in New Market, Virginia to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in New Market, Virginia aren’t actually that difficult to obtain, especially if you have some gumption like Kenneth. Kenneth was able to find a fast loan for $234000 from First Virginia Bank – Planters and Bank of Virginia – Potomac, but declined both offers in favor of their private loan from Citizens National Bank. The difference 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. An improvement if a client is in a pinch.
Conclusion of Kenneth’s private loan
In the end, Kenneth was able to find a private loan for $234000 with an interest rate of 10.6% interest APR from Citizens National Bank in New Market, Virginia repayable over 15 years from now.