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Student Loan For $40000 Near 22939, Virginia With A Credit Score Of 534

$40000 Student Loan – Fishersville Virginia, Credit Score Of 534

  • Experian: 546 – This individual had a fair Experian rating
  • Transunion: 522 – Simona had a fair credit score with Transunion.
  • Equifax: Simona’s Experian score was 534, which is a fair credit score on the Experian rating scheme.

When Simona was 24, they tried to obtain a student loan from 6 different lenders, which harmed their credit score. Below is a chronology of Simona’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $37,000.00 on April 10, 2009
  • Attempt 2) Loan for $34,000.00 on June 8, 2013
  • Attempt 3) Loan for $26,000.00 on January 12, 2011
  • Attempt 4) Loan for $37,000.00 on March 17, 2010
  • Attempt 5) Loan for $39,000.00 on March 27, 2010
  • Attempt 6) Loan for $21,000.00 on September 13, 2009

Contact Details for Jefferson Bank of the Valley, the provider of this student loan

  • Jefferson Bank of the Valley
  • City: Fishersville
  • State: Virginia
  • Address: U.S. Route 250
  • County: Augusta
  • Zip code: 22939

Simona was declined by The Merchants and Farmers Bank 7 times before being granted funding by Jefferson Bank of the Valley at U.S. Route 250

On December 6, 2009, Simona applied about borrowing $15,000 from Bank of Powhatan with Neville, their in law from just outside Fishersville, and even with the co-signer, Simona was rejected for this student loan. With fair credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Signature Loan found in Fishersville, Virginia for $40000 with fair credit by Simona

A lot of prospective borrowers struggle with obtaining signature loans in Fishersville, Virginia, and Simona is no exception. Simona went to 6 lending institutions or more prior to settling on Jefferson Bank of the Valley, who offered Simona a signature loan for $40000. Most signature loans simply require a client, like Simona’s signature to obtain them, up to $28,000 in some cases. Simona was able to get $40000 as a student loan, which is very high for a student loan. Since signature loans don’t need collateral, they generally require higher credit, as high as 794

Client Profile: Simona Merlin of Fishersville, Virginia
  • Full name (Changed if requested): Simona Merlin
  • Current Credit: loans.hit.utils.Fico@52cc8049
  • Current City: Fishersville
  • State: Virginia
  • Zip code: 22945
  • Yearly income: $40,000
  • Current Job: tax examiner
  • Current County: Augusta
  • Goal Yearly Income: $101,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Personal Loan for a tax examiner named Simona in Fishersville, Virginia to Pay Off Fifth Third Business Rewards MasterCard

Simona had a tonne of credit card debt on their AirBP Flight Card and their NBT Bank Visa Secured Card, and they were starting to get in over their heads. Despite Simona’s job as a tax examiner, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Installment loan for Simona, a graduate of Saint Joseph School of Nursing and a tax examiner working for over $74,000 per year

Simona, an alumnus at Saint Joseph School of Nursing and a tax examiner in Fishersville, Virginia wants a student loan to purchase a house. Simona has instead decided to obtain an installment loan for $9,000 and is at present seeking lenders like Peoples Community Bank to provide it.

Simona’s Overall FICO score at the time of acceptance for a student loan, taking into account their tax examiner job and their future job as a mining shovel machine operator

Fico Score: 534

Fast Loans for Simona in Fishersville, Virginia to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Fishersville, Virginia aren’t actually that difficult to obtain, especially if you have some finesse like Simona. Simona was able to find a fast loan for $40000 from First Virginia Bank – Planters and Peoples Community Bank, but turned down both offers in favor of their student loan from Jefferson Bank of the Valley. 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 5 weeks for personal loans. A big improvement in the case that you are in a pinch.

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

Most debt consolidation loans vary from $35,000.00 to $49,000.00. They are mainly used to pay off existing high interest loans like credit cards. Simona required a debt consolidation loan to pay for their existing student loan and their loan shark loan. Simona was able to find a student loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.5%.

Paraphrased and Standardized Quote from Simona for this student loan of $40000, provided by Jefferson Bank of the Valley

Hello, I am Simona and I’m from Fishersville in Virginia. Augusta, county is where I grew up, and now I need a student loan in Virginia for $40000 to renovate my home. It has been difficult, but Jefferson Bank of the Valley really came through for me with this loan for 8.5% interest APR and a term of 22 years. I will repay the loan over the 22 year term, including interest. A big thanks to Jefferson Bank of the Valley for trusting me and my fair credit. It look me 6 years to build my credit to 534, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Simona’s Transunion score was changed by the student loan loan, changing to 522 from 534, which is normal in our experience.

Transunion Score: 522

Before applying for this student loan, Simona had an Experian score of 546, which is fair, so Jefferson Bank of the Valley most likely cannot provide Simona a student loan

Experian Score: 546

Simona has a low current yearly income, but has a high number of prospects

Simona has always wanted to be a mining shovel machine operator, but would need attend Saint Joseph School of Nursing again to become one. Simona has other prospects as well, including license clerk, real estate broker, and zoo veterinarian, which pay $51,000 through to $91,000 per year, at least. For this reason, we think that Simona can pay for this student loan of $40000.

8 Months Ago, Simona Tried to Find a High Risk Loan for $47,000.00, and it was Hard

It is an ongoing struggle for borrowers to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Simona. Simona decided not to get a high risk loan this time. High Risk loans are given to terrible credit clients. Clients with credit scores as low as 419 can apply for a high risk loan and may be be accepted.

Previous requests on Simona’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$121270.00 3 7.1% $3750.01 Citizens Bank and Trust Company February 20, 2011
$120690.00 3 5.6% $3649.79 Peoples Community Bank January 14, 2012
$121140.00 6 10.5% $2274.88 Crestar Bank March 24, 2013
$121250.00 3 5.4% $3655.79 The Merchants and Farmers Bank November 29, 2013
$121390.00 6 6.2% $2023.26 First Virginia Bank-South Hill February 2, 2014

Many other requests for credit have been made by Simona in the past, including one from United Bank Alaska Southeastern in Fishersville, Virginia before Simona was approved for the $40000 by Jefferson Bank of the Valley

Simona made 7 prior attempts to obtain a student loan, 2 of which were with United Bank Alaska Southeastern, a lending institution in Fishersville, Virginia known to specialize in student loans specifically. Prior to finding Jefferson Bank of the Valley, Simona was concerned due to their inexperience and fair credit rating.

Conclusion of Simona’s student loan

In the end, Simona was able to find a student loan for $40000 with an interest rate of 5.6% interest APR from Jefferson Bank of the Valley in Fishersville, Virginia repayable over 22 years from now.

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.