$135000 Secured Loan – Christiansburg Virginia, Credit Score Of 757
- Experian: 773 – They had an excellent Experian score
- Transunion: 738 – Mozell had an excellent credit score with Transunion.
- Equifax: Mozell’s Experian score was 757, which is an excellent credit score on the Experian system.
Fast Loans for Mozell in Christiansburg, Virginia to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Christiansburg, Virginia aren’t actually that difficult to obtain, particularly if you have some finesse like Mozell. Mozell was able to find a fast loan for $135000 from Farmers and Merchants Bank of Boones Mill, Virginia and Capital One, National Association, but declined both offers in favor of their secured loan from First National Bank. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement in the case that you are in a pinch.
Personal Loan for an industrial engineer named Mozell in Christiansburg, Virginia to Pay Off AeroMexico Visa Signature Card
Mozell had a tonne of credit card debt on their RBC RateAdvantage Visa and their SunTrust Rewards, and they were starting to get in over their heads. Despite Mozell’s job as an industrial engineer, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Installment loan for Mozell, a graduate of Cannella School of Hair Design and an industrial engineer working for over $60,000 per year
Mozell, an alumnus at Cannella School of Hair Design and an industrial engineer in Christiansburg, Virginia needs a secured loan to purchase a new cell phone. Mozell has instead chosen to get an installment loan for $28,000 and is currently seeking lenders like First Virginia Bank of the Southwest to process their request.
When Mozell was 24, they tried to obtain a student loan from 7 different banks, which harmed their credit score. Below is a list of Mozell’s previous attempts at finding a student loan:
- Attempt 1) Loan for $28,000.00 on March 31, 2011
- Attempt 2) Loan for $36,000.00 on January 23, 2011
- Attempt 3) Loan for $34,000.00 on July 28, 2009
- Attempt 4) Loan for $34,000.00 on April 17, 2011
- Attempt 5) Loan for $35,000.00 on March 1, 2011
- Attempt 6) Loan for $20,000.00 on March 6, 2012
- Attempt 7) Loan for $28,000.00 on January 14, 2012
Contact Details for First National Bank, the provider of this secured loan
- First National Bank
- City: Christiansburg
- State: Virginia
- Address: 105 Arbor Drive
- County: Montgomery
- Zip code: 24073
Mozell was declined by First Virginia Bank of Augusta 7 times prior to being granted funding by First National Bank at 105 Arbor Drive
On June 14, 2012, Mozell applied about borrowing $4,000 from Central Fidelity Bank, Charlottesville with Carmen, their in law from just outside Christiansburg, and even with the co-signer, Mozell was rejected for this secured loan. With excellent credit, it can be difficult to procure funding, even with collateral and a co-signer.
Many past requests for credit have been made by Mozell in the past, including one from Banterra Bank of Norris City in Christiansburg, Virginia before Mozell was accepted for the $135000 by First National Bank
Mozell made 9 prior attempts to obtain a secured loan, 2 of which were with Banterra Bank of Norris City, a bank in Christiansburg, Virginia known to specialize in secured loans specifically. Prior to finding First National Bank, Mozell was concerned due to their inexperience and excellent credit score.
Mozell’s Overall FICO score at the time of acceptance for a secured loan, taking into account their industrial engineer job and their future career as a construction driller
Previous requests on Mozell’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$16160.00||9||10.6%||$232.8||Citizens Bank and Trust Company||August 18, 2009|
|$16260.00||10||6.6%||$185.46||Peoples Community Bank||October 2, 2010|
|$15850.00||11||5.2%||$157.93||Crestar Bank||June 6, 2011|
|$16190.00||8||7.6%||$225.6||The Merchants and Farmers Bank||November 20, 2012|
|$15770.00||6||9.1%||$285.05||First Virginia Bank-South Hill||March 19, 2013|
Before applying for this secured loan, Mozell had an Experian score of 773, which is excellent, so First National Bank likely can provide Mozell a secured loan
Mozell has a very low current yearly income, but has a high number of prospects
Mozell has always wanted to be a construction driller, but would have to attend Cannella School of Hair Design again to achieve it. Mozell has other possibilities as well, including newspaper editor, package designer, and reliability engineer, which pay $53,000 through to $95,000 per year, on average. Because of this, we think that Mozell can pay for this secured loan of $135000.
- Full name (Changed if requested): Mozell Canant
- Current Credit: loans.hit.utils.Fico@198e2867
- Current City: Christiansburg
- State: Virginia
- Zip code: 24079
- Yearly income: $37,000
- Current Job: industrial engineer
- Current County: Montgomery
- Goal Yearly Income: $148,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000
Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans range from $32,000.00 to $47,000.00. They are normally used to pay off existing high interest loans like credit cards. Mozell needed a debt consolidation loan to pay for their existing secured loan and their payday loan. Mozell was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates that are low, like 4.6%.
6 Months Ago, Mozell Attempted to Find a High Risk Loan for $29,000.00, and it was Hard
It is an existing struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Mozell. Mozell chose not to obtain a high risk loan this time. High Risk loans are given to very low credit clients. Individuals with credit scores as low as 343 can apply for a high risk loan and possibly can be accepted.
Paraphrased and Standardized Quote from Mozell for this secured loan of $135000, provided by First National Bank
Hi, I am Mozell and my hometown is Christiansburg in Virginia. Montgomery, county is where I grew up, and now I need a secured loan in Virginia for $135000 to renovate my home. It wasn’t easy, but First National Bank really came through for me with this loan for 9.6% interest APR and a term of 16 years. I can probably repay the loan over the 16 year term, including interest. A big thanks to First National Bank for trusting me and my excellent credit. It look me 7 years to build my credit to 757, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.
Signature Loan easily acquired in Christiansburg, Virginia for $135000 with excellent credit by Mozell
A lot of borrowers struggle with obtaining signature loans in Christiansburg, Virginia, and Mozell is not an exception. Mozell went to 8 lending institutions or more prior to finding First National Bank, who offered Mozell a signature loan for $135000. Most signature loans simply need a client, like Mozell’s signature to get them, up to $33,000 in some cases. Mozell was able to get $135000 as a secured loan, which is very high for a secured loan. Because signature loans do not require collateral, they generally need higher credit, as high as 734
Mozell’s Transunion score was changed by the secured loan loan, changing to 738 from 757, which is normal in our experience.
Conclusion of Mozell’s secured loan
In the end, Mozell was able to find a secured loan for $135000 with an interest rate of 6.6% interest APR from First National Bank in Christiansburg, Virginia repayable over 16 years from now.