$92000 Consolidation Loan – Salem West Virginia, Credit Score Of 730
- Experian: 742 – They had an excellent Experian score
- Transunion: 711 – Abe had an excellent credit score with Transunion.
- Equifax: Abe’s Experian score was 730, which is an excellent credit rating using the Experian scale.
Previous requests on Abe’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$119400.00||7||11.3%||$2063.3||Wesbanco Bank Sistersville||December 21, 2010|
|$119340.00||5||6.1%||$2312.73||Wesbanco Bank, Inc.||May 3, 2012|
|$118880.00||4||6.5%||$2819.23||Peoples State Bank, National Association||March 16, 2013|
|$118750.00||6||5.2%||$1923.5||Kanawha Banking & Trust Company National Association||May 11, 2013|
Installment loan for Abe, a graduate of Butler Business School Inc and a compensation specialist working for over $60,000 per year
Abe, an alumnus at Butler Business School Inc and a compensation specialist in Salem, West Virginia needs a consolidation loan to purchase a house. Abe has instead chosen to get an installment loan for $28,000 and is currently seeking lenders like Citizens National Bank of Follansbee to process their request.
8 Months in the Past, Abe Attempted Finding a High Risk Loan for $21,000.00, and it was Hard
It is an existing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or similar lenders, which can be scary to borrowers like Abe. Abe 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 354 can apply for a high risk loan and have a chance to be approved.
Abe’s Transunion score was changed by the consolidation loan loan, changing to 711 from 730, which is normal in our experience.
Abe has a disappointing current total income, but has several of prospects
Abe has always wanted to be a historic site administrator, but would need attend Butler Business School Inc again to become one. Abe has other possibilities as well, including employment interviewer, library consultant, and finance manager, which pay $50,000 through to $92,000 per year, on average. Because of this, we believe that Abe can pay for this consolidation loan of $92000.
- Full name (Changed if requested): Abe Getzschman
- Current Credit: loans.hit.utils.Fico@78e03bb5
- Current City: Salem
- State: West Virginia
- Zip code: 26434
- Yearly income: $36,000
- Current Job: compensation specialist
- Current County: Harrison
- Goal Yearly Income: $109,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Personal Loan for a compensation specialist named Abe in Salem, West Virginia to Pay Off PenFed Platinum Cash Rewards Visa Card
Abe had a lot of credit card debt on their KeyBank Business Rewards MasterCard Credit Card and their Associated Bank Visa Signature Bonus Rewards Card, and they were starting to get in over their heads. Despite Abe’s job as a compensation specialist, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Paraphrased and Standardized Quote from Abe for this consolidation loan of $92000, provided by First National Bank at Salem
Hello, I am Abe and I am from Salem in West Virginia. Harrison, county is where I grew up, and now I need a consolidation loan in West Virginia for $92000 to avoid bankruptcy. It has been difficult, but First National Bank at Salem really came through for me with this loan for 6.1% interest APR and a term of 10 years. I can repay the loan over the 10 year term, including interest. A big thanks to First National Bank at Salem for trusting me and my excellent credit. It look me 6 years to create my credit to 730, and I won’t harm it any more. I am pleased with Find Texas Loans for helping me this far.
Abe’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their compensation specialist job and their future job as a historic site administrator
Before applying for this consolidation loan, Abe had an Experian score of 742, which is excellent, so First National Bank at Salem most likely cannot provide Abe a consolidation loan
Multiple previous requests for credit have been made by Abe in the past, including one from First of America Bank – Rensselaer in Salem, West Virginia before Abe was accepted for the $92000 by First National Bank at Salem
Abe made 8 previous tries to obtain a consolidation loan, 2 of which were with First of America Bank – Rensselaer, a bank in Salem, West Virginia known to specialize in consolidation loans specifically. Before finding First National Bank at Salem, Abe was concerned due to their inexperience and excellent credit score.
Signature Loan found in Salem, West Virginia for $92000 with excellent credit by Abe
Many clients have difficulty with finding signature loans in Salem, West Virginia, and Abe is no exception. Abe went to 7 lending institutions or more prior to settling on First National Bank at Salem, who offered Abe a signature loan for $92000. Typical signature loans simply require a client, like Abe’s signature to get them, up to $39,000 in some cases. Abe was able to get $92000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans do not require a cosigner, they tend to need better credit, as high as 719
When Abe was 18, they tried to obtain a student loan from 6 different lenders, which harmed their credit score. Below is a list of Abe’s previous attempts at finding a student loan:
- Attempt 1) Loan for $34,000.00 on July 20, 2010
- Attempt 2) Loan for $33,000.00 on January 12, 2013
- Attempt 3) Loan for $28,000.00 on June 3, 2010
- Attempt 4) Loan for $35,000.00 on January 23, 2010
- Attempt 5) Loan for $21,000.00 on February 3, 2011
- Attempt 6) Loan for $25,000.00 on September 16, 2012
Abe was declined by Huntington Bank Martinsburg National Association 4 times before being approved by First National Bank at Salem at 101 East Main Street
On February 28, 2011, Abe inquired about borrowing $16,000 from Traders Bank with Rubin, their in law from just outside Salem, and even with the co-signer, Abe was rejected for this consolidation loan. With excellent credit, it can be challenging to procure financing, even with collateral and a co-signer.
Fast Loans for Abe in Salem, West Virginia to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Salem, West Virginia aren’t actually that difficult to obtain, particularly if you have some gumption like Abe. Abe was able to find a fast loan for $92000 from Traders Bank and Huntington Bank Martinsburg National Association, but turned down both offers in favor of their consolidation loan from First National Bank at Salem. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. Much better if a borrower is on the go.
Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $20,000.00 to $53,000.00. They are normally used to pay off existing high interest loans like credit cards. Abe needed a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Abe was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your dirty, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.6%.
Contact Details for First National Bank at Salem, the provider of this consolidation loan
- First National Bank at Salem
- City: Salem
- State: West Virginia
- Address: 101 East Main Street
- County: Harrison
- Zip code: 26426
Conclusion of Abe’s consolidation loan
In the end, Abe was able to find a consolidation loan for $92000 with an interest rate of 11.8% interest APR from First National Bank at Salem in Salem, West Virginia repayable over 10 years from today.