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$123000 Consolidation Loan In Roanoke Virginia With Credit Score 645 For Serena

$123000 Consolidation Loan – Roanoke Virginia, Credit Score Of 645

  • Experian: 663 – The client had a good Experian score
  • Transunion: 628 – Serena had a good credit score with Transunion.
  • Equifax: Serena’s Experian score was 645, which is a good credit score using the Experian rating scheme.

Serena has a sad current total income, but has a high number of prospects

Serena has always wanted to be a gynecologist, but would have to attend Ferris State University again to become one. Serena has other prospects as well, including insurance policy processing clerk, tax lawyer, and credit adjuster, which pay $56,000 through to $104,000 per year, at least. Because of this, we think that Serena can afford this consolidation loan of $123000.

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $22,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Serena required a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Serena was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which converts your bad, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.2%.

Serena was declined by The Bank of Fincastle 5 times prior to being accepted by First-Citizens Bank, National Association at 110 Church Avenue , Suite 310

On May 20, 2010, Serena applied about borrowing $46,000 from Bank of Powhatan with Joesph, their in law from just outside Roanoke, and even with the co-signer, Serena was rejected for this consolidation loan. With good credit, it can be a challenge to procure financing, even with collateral and a co-signer.

Contact Details for First-Citizens Bank, National Association, the provider of this consolidation loan

  • First-Citizens Bank, National Association
  • City: Roanoke
  • State: Virginia
  • Address: 110 Church Avenue , Suite 310
  • County: Roanoke City
  • Zip code: 24011

Paraphrased and Standardized Quote from Serena for this consolidation loan of $123000, provided by First-Citizens Bank, National Association

Hello, I am Serena and my hometown is Roanoke in Virginia. Roanoke City, county is where I grew up, and now I need a consolidation loan in Virginia for $123000 to buy a car. It wasn’t easy, but First-Citizens Bank, National Association really came through for me with this loan for 11.4% interest APR and a term of 19 years. I can probably repay the loan over the 19 year term, including interest. A big thanks to First-Citizens Bank, National Association for giving me a chance and my good credit. It look me 7 years to build my credit to 645, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.

Serena’s Transunion score was altered by the consolidation loan loan, changing to 628 from 645, which is normal in our experience.

Transunion Score: 628

6 Months Ago, Serena Tried Finding a High Risk Loan for $25,000.00, and it was Easy

There is an existing struggle for clients to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Serena. Serena chose not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Borrowers with credit scores as low as 596 can inquire for a high risk loan and may be be approved.

Signature Loan found in Roanoke, Virginia for $123000 with good credit by Serena

Most borrowers have difficulty with finding signature loans in Roanoke, Virginia, and Serena is no exception. Serena went to 6 lending institutions or more prior to settling on First-Citizens Bank, National Association, who offered Serena a signature loan for $123000. Most signature loans simply need a client, like Serena’s signature to get them, up to $26,000 in some cases. Serena was able to get $123000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans don’t require a cosigner, these loans generally require improved credit, as high as 704

Serena’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their sales representative job and their future job as a gynecologist

Fico Score: 645

When Serena was 23, they tried to obtain a student loan from 5 alternate banks, which harmed their credit score. Below is a list of Serena’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on December 16, 2009
  • Attempt 2) Loan for $34,000.00 on February 8, 2014
  • Attempt 3) Loan for $20,000.00 on April 4, 2011
  • Attempt 4) Loan for $34,000.00 on July 31, 2010
  • Attempt 5) Loan for $21,000.00 on July 19, 2010

Personal Loan for a sales representative named Serena in Roanoke, Virginia to Pay Off Asiana Visa Business Card

Serena had a lot of credit card debt on their TD Bank Easy Rewards Visa and their Fifth Third Bank Secured MasterCard, and they were starting to get in over their heads. Despite Serena’s job as a sales representative, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Previous requests on Serena’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$9550.00 11 5.1% $94.68 Citizens Bank and Trust Company September 27, 2013
$9750.00 9 6.1% $117.54 Peoples Community Bank February 1, 2014
$9810.00 6 8.5% $174.41 Crestar Bank February 12, 2014
$10300.00 9 11.6% $154.08 The Merchants and Farmers Bank July 15, 2014
$9600.00 11 9.5% $117.49 First Virginia Bank-South Hill January 7, 2015

Before applying for this consolidation loan, Serena had an Experian score of 663, which is good, so First-Citizens Bank, National Association most likely cannot provide Serena a consolidation loan

Experian Score: 663

Fast Loans for Serena in Roanoke, Virginia to prevent bankruptcy or harm from debt collectors.

Fast loans in Roanoke, Virginia aren’t actually that difficult to obtain, especially if you have some gumption like Serena. Serena was able to find a fast loan for $123000 from Crestar Bank and Bank of Clarke County, but turned down both offers in favor of their consolidation loan from First-Citizens Bank, National Association. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement if a client is on the go.

Client Profile: Serena Wentzell of Roanoke, Virginia
  • Full name (Changed if requested): Serena Wentzell
  • Current Credit: loans.hit.utils.Fico@443b7951
  • Current City: Roanoke
  • State: Virginia
  • Zip code: 24020
  • Yearly income: $32,000
  • Current Job: sales representative
  • Current County: Roanoke City
  • Goal Yearly Income: $104,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000

Many other requests for credit have been made by Serena in the past, including one from Uehling State Bank in Roanoke, Virginia before Serena was accepted for the $123000 by First-Citizens Bank, National Association

Serena made 4 previous attempts to obtain a consolidation loan, 2 of which were with Uehling State Bank, a lender in Roanoke, Virginia known to specialize in consolidation loans specifically. Before finding First-Citizens Bank, National Association, Serena was concerned due to their inexperience and good credit rating.

Installment loan for Serena, a graduate of Ferris State University and a sales representative working for over $77,000 per year

Serena, an alumnus at Ferris State University and a sales representative in Roanoke, Virginia wants a consolidation loan to purchase something frivolous. Serena has instead chosen to get an installment loan for $10,000 and is currently seeking lenders like First Virginia Bank – West to process their request.

Conclusion of Serena’s consolidation loan

In the end, Serena was able to find a consolidation loan for $123000 with an interest rate of 10.7% interest APR from First-Citizens Bank, National Association in Roanoke, Virginia repayable over 19 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.