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$140000 Personal Loan In James City County Virginia With Credit Score 538 For Sergio

$140000 Personal Loan – James City County Virginia, Credit Rating Of 538

  • Experian: 550 – They had a fair Experian score
  • Transunion: 524 – Sergio had a fair credit score with Transunion.
  • Equifax: Sergio’s Experian score was 538, which is a fair credit score with the Experian scale.

Multiple previous requests for credit have been made by Sergio in the past, including one from Liberty Bank and Trust Company in James City County, Virginia before Sergio was approved for the $140000 by Old Colony Bank and Trust Company

Sergio made 6 previous tries to obtain a personal loan, 2 of which were with Liberty Bank and Trust Company, a bank in James City County, Virginia known to specialize in personal loans specifically. Before finding Old Colony Bank and Trust Company, Sergio was concerned due to their inexperience and fair credit score.

Sergio’s Overall FICO score at the time of acceptance for a personal loan, taking into account their fish hatchery specialist job and their future job as a switchboard operator

Fico Score: 538

Paraphrased and Standardized Quote from Sergio for this personal loan of $140000, provided by Old Colony Bank and Trust Company

Hi, I am Sergio and I’m from James City County in Virginia. James City, county is where I grew up, and now I need a personal loan in Virginia for $140000 to renovate my home. It has been difficult, but Old Colony Bank and Trust Company really came through for me with this loan for 7.5% interest APR and a term of 18 years. I will repay the loan over the 18 year term, including interest. A big thanks to Old Colony Bank and Trust Company for giving me a chance and my fair credit. It look me 6 years to build my credit to 538, and I won’t harm it any future. I’m pleased with Find Texas Loans for helping me this far.

Previous requests on Sergio’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$101320.00 10 11.8% $1441.96 Citizens Bank and Trust Company August 27, 2012
$101250.00 3 10.1% $3271.81 Peoples Community Bank March 31, 2014
$101160.00 6 7.5% $1749.07 Crestar Bank November 15, 2014
$100650.00 10 6.7% $1153.13 The Merchants and Farmers Bank December 18, 2014

Fast Loans for Sergio in James City County, Virginia to prevent bankruptcy or broken legs from debt collectors.

Fast loans in James City County, Virginia aren’t actually that difficult to obtain, especially if you have some finesse like Sergio. Sergio was able to find a fast loan for $140000 from Capital One, National Association and First Virginia Bank of the Southwest, but turned down both offers in favor of their personal loan from Old Colony Bank and Trust Company. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better if you are on the go.

Contact Details for Old Colony Bank and Trust Company, the provider of this personal loan

  • Old Colony Bank and Trust Company
  • City: James City County
  • State: Virginia
  • Address: 1310 Jamestown Road
  • County: James City
  • Zip code: 23185

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans vary from $31,000.00 to $50,000.00. They are typically used to pay off existing high interest loans like credit cards. Sergio needed a debt consolidation loan to pay for their existing personal loan and their payday loan. Sergio was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.1%.

When Sergio was 19, they attempted to obtain a student loan from 7 alternate banks, which harmed their credit score. Below is a chronology of Sergio’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on February 6, 2014
  • Attempt 2) Loan for $33,000.00 on March 15, 2011
  • Attempt 3) Loan for $35,000.00 on August 15, 2012
  • Attempt 4) Loan for $34,000.00 on May 21, 2011
  • Attempt 5) Loan for $26,000.00 on November 21, 2012
  • Attempt 6) Loan for $31,000.00 on January 3, 2013
  • Attempt 7) Loan for $23,000.00 on March 2, 2014

Signature Loan acquired in James City County, Virginia for $140000 with fair credit by Sergio

A lot of prospective borrowers have difficulty with obtaining signature loans in James City County, Virginia, and Sergio is the same. Sergio went to 6 lenders or more before settling on Old Colony Bank and Trust Company, who offered Sergio a signature loan for $140000. Typical signature loans simply require a client, like Sergio’s signature to get them, up to $21,000 in some cases. Sergio was able to get $140000 as a personal loan, which is very high for a personal loan. Because signature loans don’t require collateral, they tend to need higher credit, as high as 766

Sergio has a very low current total income, but has several of prospects

Sergio has always wanted to be a switchboard operator, but would need attend National Louis University again to achieve it. Sergio has other possibilities as well, including health case manager, fish & game warden, and landscape architect, which pay $50,000 through to $92,000 per year, at least. Because of this, we think that Sergio can afford this personal loan of $140000.

Sergio was rejected by Citizens Bank and Trust Company 4 times prior to being granted funding by Old Colony Bank and Trust Company at 1310 Jamestown Road

On August 3, 2009, Sergio applied about borrowing $27,000 from Central Fidelity Bank with Arianna, their in law from just outside James City County, and even with the co-signer, Sergio was rejected for this personal loan. With fair credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Installment loan for Sergio, a graduate of National Louis University and a fish hatchery specialist working for over $63,000 per year

Sergio, an alumnus at National Louis University and a fish hatchery specialist in James City County, Virginia needs a personal loan to purchase a car. Sergio has instead chosen to get an installment loan for $7,000 and is currently seeking lenders like Peoples Community Bank to process their request.

Before applying for this personal loan, Sergio had an Experian score of 550, which is fair, so Old Colony Bank and Trust Company most likely cannot provide Sergio a personal loan

Experian Score: 550

Personal Loan for a fish hatchery specialist named Sergio in James City County, Virginia to Pay Off LOFT Credit Card

Sergio had a tonne of credit card debt on their Solvay Bank Visa Platinum Preferred Card and their First Tennessee Platinum Premier Visa, and they were starting to get in over their heads. Despite Sergio’s job as a fish hatchery specialist, they struggled to make payments on the $20,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Sergio Carnagey of James City County, Virginia
  • Full name (Changed if requested): Sergio Carnagey
  • Current Credit: loans.hit.utils.Fico@5d22bbb7
  • Current City: James City County
  • State: Virginia
  • Zip code: 23189
  • Yearly income: $33,000
  • Current Job: fish hatchery specialist
  • Current County: James City
  • Goal Yearly Income: $81,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

7 Months Ago, Sergio Tried Finding a High Risk Loan for $22,000.00, and it was Easy

There is an ongoing struggle for borrowers to find high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Sergio. Sergio decided not to obtain a high risk loan this time. High Risk loans are given to very low credit borrowers. Clients with credit scores as low as 422 can inquire for a high risk loan and possibly can be approved.

Sergio’s Transunion score was changed by the personal loan loan, changing to 524 from 538, which is normal in our experience.

Transunion Score: 524

Conclusion of Sergio’s personal loan

In the end, Sergio was able to find a personal loan for $140000 with an interest rate of 6.3% interest APR from Old Colony Bank and Trust Company in James City County, Virginia repayable over 18 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.