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High Risk Loan With Very Low APR In Fairfax County, Virginia

$24000 High Risk Loan – Reston Virginia, Credit Score Of 598

  • Experian: 608 – This individual had a fair Experian rating
  • Transunion: 581 – Lynette had a fair credit score with Transunion.
  • Equifax: Lynette’s Experian score was 598, which is a fair credit rating using the Experian rating scheme.

Previous requests on Lynette’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$41900.00 11 5.4% $421.67 Citizens Bank and Trust Company July 29, 2012
$41850.00 5 5.7% $803.25 Peoples Community Bank March 30, 2014
$42110.00 9 10.2% $597.42 Crestar Bank June 21, 2014
$41730.00 11 7.8% $471.88 The Merchants and Farmers Bank October 16, 2014
$42310.00 6 7.2% $725.41 First Virginia Bank-South Hill January 3, 2015

Installment loan for Lynette, a graduate of National Louis University and a quality control inspector working for over $75,000 per year

Lynette, an alumnus at National Louis University and a quality control inspector in Reston, Virginia wants a high risk loan to purchase a car. Lynette has instead decided to obtain an installment loan for $25,000 and is at present seeking lenders like First Virginia Bank of Augusta to process their request.

Lynette’s Transunion score was altered by the high risk loan loan, changing to 581 from 598, which is typical in our experience.

Transunion Score: 581

Many previous requests for credit have been made by Lynette in the past, including one from Great Basin Bank of Nevada in Reston, Virginia before Lynette was approved for the $24000 by Cardinal Bank – Dulles, N.A.

Lynette made 7 previous tries to obtain a high risk loan, 2 of which were with Great Basin Bank of Nevada, a bank in Reston, Virginia known to specialize in high risk loans specifically. Prior to finding Cardinal Bank – Dulles, N.A., Lynette was very concerned due to their inexperience and fair credit rating.

Signature Loan found in Reston, Virginia for $24000 with fair credit by Lynette

Most borrowers have difficulty with finding signature loans in Reston, Virginia, and Lynette is the same. Lynette went to 5 lenders or more prior to settling on Cardinal Bank – Dulles, N.A., who offered Lynette a signature loan for $24000. Typical signature loans simply require a client, like Lynette’s signature to obtain them, up to $34,000 in some cases. Lynette was able to get $24000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not need a cosigner, they tend to require higher credit, as high as 730

Contact Details for Cardinal Bank – Dulles, N.A., the provider of this high risk loan

  • Cardinal Bank – Dulles, N.A.
  • City: Reston
  • State: Virginia
  • Address: 11150 Sunset Hills Road
  • County: Fairfax
  • Zip code: 20190

Lynette has a sad current total income, but has a large amount of prospects

Lynette has always wanted to be a tax examiner, but would need attend National Louis University again to become one. Lynette has other prospects as well, including mill worker, systems accountant, and sales representatives, which pay $58,000 through to $99,000 per year, on average. For this reason, we think that Lynette can afford this high risk loan of $24000.

Client Profile: Lynette Wardlaw of Reston, Virginia
  • Full name (Changed if requested): Lynette Wardlaw
  • Current Credit: loans.hit.utils.Fico@6d5380c2
  • Current City: Reston
  • State: Virginia
  • Zip code: 20195
  • Yearly income: $31,000
  • Current Job: quality control inspector
  • Current County: Fairfax
  • Goal Yearly Income: $120,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Lynette was declined by The Merchants and Farmers Bank 4 times before being approved by Cardinal Bank – Dulles, N.A. at 11150 Sunset Hills Road

On March 30, 2010, Lynette inquired about borrowing $1,000 from The Bank of Fincastle with Isabell, their friend from just outside Reston, and even with the co-signer, Lynette was rejected for this high risk loan. With fair credit, it can be very hard to obtain financing, even with collateral and a co-signer.

Paraphrased and Standardized Quote from Lynette for this high risk loan of $24000, provided by Cardinal Bank – Dulles, N.A.

Hello, I am Lynette and my hometown is Reston in Virginia. Fairfax, county is where I grew up, and now I need a high risk loan in Virginia for $24000 to buy a car. It wasn’t easy, but Cardinal Bank – Dulles, N.A. really came through for me with this loan for 5.2% interest APR and a term of 1 years. I can probably repay the loan over the 1 year term, including interest. A big thanks to Cardinal Bank – Dulles, N.A. for trusting me and my fair credit. It look me 6 years to build my credit to 598, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Fast Loans for Lynette in Reston, Virginia to prevent bankruptcy or harm from debt collectors.

Fast loans in Reston, Virginia aren’t actually that difficult to obtain, especially if you have some gumption like Lynette. Lynette was able to find a fast loan for $24000 from First Virginia Bank of the Southwest and Farmers Bank, but declined both offers in favor of their high risk loan from Cardinal Bank – Dulles, N.A.. 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 7 weeks for installment loans. A big difference if a client is in a pinch.

Personal Loan for a quality control inspector named Lynette in Reston, Virginia to Pay Off Five Star Bank Visa Business Card

Lynette had a tonne of credit card debt on their Shell Drive for Five Card and their Experimental Aircraft Association Credit Card, and they were starting to get in over their heads. Despite Lynette’s job as a quality control inspector, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Before applying for this high risk loan, Lynette had an Experian score of 608, which is fair, so Cardinal Bank – Dulles, N.A. most likely cannot provide Lynette a high risk loan

Experian Score: 608

Lynette’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their quality control inspector job and their future career as a tax examiner

Fico Score: 598

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans vary from $24,000.00 to $50,000.00. They are typically used to pay off existing high interest loans like credit cards. Lynette required a debt consolidation loan to pay for their existing high risk loan and their credit card. Lynette was able to find a high risk 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 a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 2.2%.

8 Months in the Past, Lynette Tried to Find a High Risk Loan for $32,000.00, and it was Easy

It is an well known struggle for borrowers to get high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Lynette. Lynette chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit borrowers. Borrowers with credit scores as low as 590 can inquire for a high risk loan and may be be approved.

When Lynette was 21, they tried to obtain a student loan from 7 different banks, which harmed their credit score. Below is a list of Lynette’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on March 12, 2011
  • Attempt 2) Loan for $21,000.00 on July 9, 2010
  • Attempt 3) Loan for $31,000.00 on July 22, 2010
  • Attempt 4) Loan for $38,000.00 on April 1, 2013
  • Attempt 5) Loan for $39,000.00 on August 1, 2011
  • Attempt 6) Loan for $34,000.00 on August 28, 2010
  • Attempt 7) Loan for $22,000.00 on February 3, 2012

Conclusion of Lynette’s high risk loan

In the end, Lynette was able to find a high risk loan for $24000 with an interest rate of 10.6% interest APR from Cardinal Bank – Dulles, N.A. in Reston, Virginia repayable over 1 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.