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Private Loan Of $180000 For Good Credit North Carolina Resident

$180000 Private Loan – Sanford North Carolina, Credit Score Of 621

  • Experian: 638 – This client had a good Experian rating
  • Transunion: 604 – Ellsworth had a good credit score with Transunion.
  • Equifax: Ellsworth’s Experian score was 621, which is a good credit rating using the Experian system.

Personal Loan for a cook named Ellsworth in Sanford, North Carolina to Pay Off Toyota Rewards Visa Signature

Ellsworth had a tonne of credit card debt on their Associated Bank Visa Platinum Card and their American Eagle Outfitters, and they were starting to get in over their heads. Despite Ellsworth’s job as a cook, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Ellsworth’s Transunion score was changed by the private loan loan, changing to 604 from 621, which is normal in our experience.

Transunion Score: 604

Client Profile: Ellsworth Teresa of Sanford, North Carolina
  • Full name (Changed if requested): Ellsworth Teresa
  • Current Credit: loans.hit.utils.Fico@79fc0f2f
  • Current City: Sanford
  • State: North Carolina
  • Zip code: 27332
  • Yearly income: $47,000
  • Current Job: cook
  • Current County: Lee
  • Goal Yearly Income: $90,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Contact Details for First Federal Savings and Loan Association of North Carolina, the provider of this private loan

  • First Federal Savings and Loan Association of North Carolina
  • City: Sanford
  • State: North Carolina
  • Address: 155 S Steele St
  • County: Lee
  • Zip code: 27330

Installment loan for Ellsworth, a graduate of South Central Louisiana Technical College and a cook working for over $68,000 per year

Ellsworth, an alumnus at South Central Louisiana Technical College and a cook in Sanford, North Carolina wants a private loan to purchase a house. Ellsworth has instead chosen to get an installment loan for $1,000 and is currently seeking lenders like Merchants & Farmers Bank to provide it.

Before applying for this private loan, Ellsworth had an Experian score of 638, which is good, so First Federal Savings and Loan Association of North Carolina most likely cannot provide Ellsworth a private loan

Experian Score: 638

Many other requests for credit have been made by Ellsworth in the past, including one from Beneficial National Bank USA in Sanford, North Carolina before Ellsworth was accepted for the $180000 by First Federal Savings and Loan Association of North Carolina

Ellsworth made 8 prior attempts to obtain a private loan, 2 of which were with Beneficial National Bank USA, a lending institution in Sanford, North Carolina known to specialize in private loans specifically. Prior to finding First Federal Savings and Loan Association of North Carolina, Ellsworth was concerned due to their inexperience and good credit score.

Ellsworth has a disappointing current yearly income, but has a large amount of prospects

Ellsworth has always wanted to be a forest engineer, but would have to attend South Central Louisiana Technical College again to become one. Ellsworth has other possibilities as well, including athletic coach, farm hand, and highway maintenance worker, which pay $56,000 through to $94,000 per year, on average. For this reason, we think that Ellsworth can pay for this private loan of $180000.

When Ellsworth was 20, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a chronology of Ellsworth’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on November 10, 2012
  • Attempt 2) Loan for $29,000.00 on May 1, 2012
  • Attempt 3) Loan for $26,000.00 on October 1, 2009
  • Attempt 4) Loan for $27,000.00 on May 15, 2011
  • Attempt 5) Loan for $28,000.00 on May 28, 2011
  • Attempt 6) Loan for $24,000.00 on January 4, 2009
  • Attempt 7) Loan for $38,000.00 on December 17, 2008

Previous requests on Ellsworth’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$72770.00 5 11.1% $1585.83 The Farmers Bank of Seaboard August 31, 2010
$73490.00 11 9.1% $883.06 The Bank of Raeford August 31, 2012
$72880.00 9 9.1% $990.87 The Bank of Coleridge August 13, 2014
$73450.00 6 11.7% $1424.53 Farmers Bank of Sunbury April 18, 2015
$73450.00 4 8.5% $1810.42 Bank of Pittsboro July 1, 2015

Paraphrased and Standardized Quote from Ellsworth for this private loan of $180000, provided by First Federal Savings and Loan Association of North Carolina

Hello, I am Ellsworth and my hometown is Sanford in North Carolina. Lee, county is where I grew up, and now I need a private loan in North Carolina for $180000 to renovate my home. It wasn’t easy, but First Federal Savings and Loan Association of North Carolina really came through for me with this loan for 9.5% interest APR and a term of 20 years. I can repay the loan over the 20 year term, including interest. A big thanks to First Federal Savings and Loan Association of North Carolina for trusting me and my good credit. It look me 7 years to build my credit to 621, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

8 Months in the Past, Ellsworth Attempted Finding a High Risk Loan for $25,000.00, and it was Easy

It is an ongoing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Ellsworth. Ellsworth chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Borrowers with credit scores as low as 386 can apply for a high risk loan and have a chance to be accepted.

Ellsworth’s Overall FICO score at the time of acceptance for a private loan, taking into account their cook job and their future job as a forest engineer

Fico Score: 621

Fast Loans for Ellsworth in Sanford, North Carolina to prevent bankruptcy or harm from debt collectors.

Fast loans in Sanford, North Carolina aren’t actually that difficult to obtain, particularly if you have some gumption like Ellsworth. Ellsworth was able to find a fast loan for $180000 from Wachovia Bank, National Association and Central Carolina Bank and Trust Company, but declined both offers in favor of their private loan from First Federal Savings and Loan Association of North Carolina. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. A big improvement if a borrower is on the go.

Ellsworth was not approved by The Carolina Bank 7 times before being accepted by First Federal Savings and Loan Association of North Carolina at 155 S Steele St

On August 5, 2013, Ellsworth applied about borrowing $48,000 from The Farmers Bank of Seaboard with Kendall, their in law from just outside Sanford, and even with the co-signer, Ellsworth was rejected for this private loan. With good credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Signature Loan found in Sanford, North Carolina for $180000 with good credit by Ellsworth

A lot of clients have difficulty with obtaining signature loans in Sanford, North Carolina, and Ellsworth is the same. Ellsworth went to 5 lending institutions or more before settling on First Federal Savings and Loan Association of North Carolina, who offered Ellsworth a signature loan for $180000. Most signature loans simply require a client, like Ellsworth’s signature to get them, up to $45,000 in some cases. Ellsworth was able to get $180000 as a private loan, which is very high for a private loan. Because signature loans do not need a cosigner, these loans tend to need higher credit, as high as 798

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $25,000.00 to $56,000.00. They are normally used to pay off existing high interest loans like credit cards. Ellsworth needed a debt consolidation loan to pay for their existing private loan and their loan shark loan. Ellsworth was able to find a private loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 4.0%.

Conclusion of Ellsworth’s private loan

In the end, Ellsworth was able to find a private loan for $180000 with an interest rate of 7.4% interest APR from First Federal Savings and Loan Association of North Carolina in Sanford, North Carolina 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.