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$40000 Debt Consolidation Loan With Bad Credit In Winston-Salem North Carolina

$40000 Debt Consolidation Loan – Winston-Salem North Carolina, Credit Score Of 477

  • Experian: 492 – This individual had a bad Experian score
  • Transunion: 460 – Tressa had a bad credit rating with Transunion.
  • Equifax: Tressa’s Experian score was 477, which is a bad credit rating with the Experian rating scheme.

6 Months in the Past, Tressa Tried to Find a High Risk Loan for $41,000.00, and it was Easy

There is an ongoing struggle for clients to find high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Tressa. Tressa decided not to get a high risk loan this time. High Risk loans are given to very low credit clients. Clients with credit ratings as low as 313 can inquire for a high risk loan and have a chance to be approved.

Fast Loans for Tressa in Winston-Salem, North Carolina to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Winston-Salem, North Carolina aren’t actually that difficult to obtain, particularly if you have some gumption like Tressa. Tressa was able to find a fast loan for $40000 from First State Bank and Citizens Bank, but declined both offers in favor of their debt consolidation loan from Enterprise Bank and Trust Company. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big difference if you are in a time sensitive situation.

Signature Loan found in Winston-Salem, North Carolina for $40000 with bad credit by Tressa

A lot of borrowers struggle with finding signature loans in Winston-Salem, North Carolina, and Tressa is not an exception. Tressa went to 7 lenders or more before settling on Enterprise Bank and Trust Company, who offered Tressa a signature loan for $40000. Most signature loans simply require a client, like Tressa’s signature to obtain them, up to $37,000 in some cases. Tressa was able to get $40000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t need a cosigner, these loans tend to need higher credit, as high as 710

Before applying for this debt consolidation loan, Tressa had an Experian score of 492, which is bad, so Enterprise Bank and Trust Company probably cannot provide Tressa a debt consolidation loan

Experian Score: 492

Tressa’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their export agent job and their future job as a door to door salesmen

Fico Score: 477

Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans vary from $24,000.00 to $56,000.00. They are mainly used to pay off existing high interest loans like credit cards. Tressa required a debt consolidation loan to pay for their existing debt consolidation loan and their credit card. Tressa was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.3%.

Personal Loan for an export agent named Tressa in Winston-Salem, North Carolina to Pay Off Jeff Bank Visa Platinum Card

Tressa had a lot of credit card debt on their Walmart Community Card and their US Bank Business Edge Platinum Card, and they were starting to get in over their heads. Despite Tressa’s job as an export agent, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Tressa for this debt consolidation loan of $40000, provided by Enterprise Bank and Trust Company

Hi, I am Tressa and I’m from Winston-Salem in North Carolina. Forsyth, county is where I grew up, and now I need a debt consolidation loan in North Carolina for $40000 to renovate my home. It wasn’t easy, but Enterprise Bank and Trust Company really came through for me with this loan for 5.6% interest APR and a term of 24 years. I will repay the loan over the 24 year term, including interest. A big thanks to Enterprise Bank and Trust Company for giving me a chance and my bad credit. It look me 5 years to build my credit to 477, and I won’t harm it any future. I’m pleased with Find Texas Loans for assisting me this far.

Contact Details for Enterprise Bank and Trust Company, the provider of this debt consolidation loan

  • Enterprise Bank and Trust Company
  • City: Winston-Salem
  • State: North Carolina
  • Address: 316-318 South Stratford Road
  • County: Forsyth
  • Zip code: 27103

Multiple past requests for credit have been made by Tressa in the past, including one from BankTrust of Alabama in Winston-Salem, North Carolina before Tressa was accepted for the $40000 by Enterprise Bank and Trust Company

Tressa made 8 previous attempts to obtain a debt consolidation loan, 2 of which were with BankTrust of Alabama, a lending institution in Winston-Salem, North Carolina known to specialize in debt consolidation loans specifically. Before finding Enterprise Bank and Trust Company, Tressa was concerned due to their inexperience and bad credit score.

Tressa has a low current total income, but has a large amount of prospects

Tressa has always wanted to be a door to door salesmen, but would have to attend University of Houston – Clear Lake again to become one. Tressa has other prospects as well, including missionary worker, law professor, and photographic equipment mechanic, which pay $51,000 through to $108,000 per year, at least. For this reason, we believe that Tressa can afford this debt consolidation loan of $40000.

Previous requests on Tressa’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$38260.00 10 5.1% $407.68 The Farmers Bank of Seaboard September 30, 2009
$38480.00 4 10.4% $983.36 The Bank of Raeford July 30, 2010
$38200.00 8 7.2% $524.62 The Bank of Coleridge May 15, 2011
$38480.00 7 8.3% $605.53 Farmers Bank of Sunbury October 8, 2013
Client Profile: Tressa Jebb of Winston-Salem, North Carolina
  • Full name (Changed if requested): Tressa Jebb
  • Current Credit: loans.hit.utils.Fico@67f89fa3
  • Current City: Winston-Salem
  • State: North Carolina
  • Zip code: 27104
  • Yearly income: $46,000
  • Current Job: export agent
  • Current County: Forsyth
  • Goal Yearly Income: $84,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Tressa’s Transunion score was altered by the debt consolidation loan loan, changing to 460 from 477, which is typical in our experience.

Transunion Score: 460

Installment loan for Tressa, a graduate of University of Houston – Clear Lake and an export agent working for over $78,000 per year

Tressa, an alumnus at University of Houston – Clear Lake and an export agent in Winston-Salem, North Carolina wants a debt consolidation loan to purchase a house. Tressa has instead chosen to obtain an installment loan for $8,000 and is currently seeking lenders like The East Carolina Bank to provide it.

Tressa was rejected by Independence National Bank 6 times prior to being approved by Enterprise Bank and Trust Company at 316-318 South Stratford Road

On December 3, 2011, Tressa applied about borrowing $25,000 from North Mecklenburg Bank with Ulysses, their friend from just outside Winston-Salem, and even with the co-signer, Tressa was rejected for this debt consolidation loan. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.

When Tressa was 18, they tried to obtain a student loan from 5 alternate banks, which harmed their credit rating. Below is a list of Tressa’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $23,000.00 on April 2, 2009
  • Attempt 2) Loan for $28,000.00 on August 26, 2012
  • Attempt 3) Loan for $36,000.00 on June 27, 2012
  • Attempt 4) Loan for $32,000.00 on November 28, 2009
  • Attempt 5) Loan for $34,000.00 on February 15, 2010

Conclusion of Tressa’s debt consolidation loan

In the end, Tressa was able to find a debt consolidation loan for $40000 with an interest rate of 7.4% interest APR from Enterprise Bank and Trust Company in Winston-Salem, North Carolina repayable over 24 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.