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1 Month Mortgage For Kevin In Wytheville Virginia

$40000 Mortgage – Wytheville Virginia, Credit Rating Of 450

  • Experian: 461 – This individual had a bad Experian score
  • Transunion: 435 – Kevin had a bad credit score with Transunion.
  • Equifax: Kevin’s Experian score was 450, which is a bad credit rating with the Experian scale.

Kevin has a sad current gross income, but has a large amount of prospects

Kevin has always wanted to be an aircraft assembler, but would need attend South Arkansas Community College again to achieve it. Kevin has other prospects as well, including highway patrol pilot, dairy technologist, and painter, which pay $56,000 through to $102,000 per year, at least. Because of this, we believe that Kevin can afford this mortgage of $40000.

Previous requests on Kevin’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$34570.00 8 7.4% $478.23 Citizens Bank and Trust Company October 28, 2013
$35230.00 8 8.4% $505.23 Peoples Community Bank March 27, 2014
$34670.00 11 7.3% $382.83 Crestar Bank February 12, 2015
$34680.00 3 5.1% $1040.95 The Merchants and Farmers Bank May 24, 2015

Paraphrased and Standardized Quote from Kevin for this mortgage of $40000, provided by Premier Bank-South, National Association

Hi, I am Kevin and I am from Wytheville in Virginia. Wythe, county is where I grew up, and now I need a mortgage in Virginia for $40000 to buy a big ticket item. It wasn’t easy, but Premier Bank-South, National Association really came through for me with this loan for 7.1% interest APR and a term of 6 years. I will repay the loan over the 6 year term, including interest. A big thanks to Premier Bank-South, National Association for trusting me and my bad credit. It look me 8 years to create my credit to 450, and I won’t tarnish it any future. I am pleased with Find Texas Loans for assisting me this far.

When Kevin was 22, they attempted to obtain a student loan from 5 alternate lenders, which damaged their credit score. Below is a chronology of Kevin’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $38,000.00 on February 6, 2010
  • Attempt 2) Loan for $33,000.00 on May 31, 2009
  • Attempt 3) Loan for $25,000.00 on October 31, 2011
  • Attempt 4) Loan for $26,000.00 on May 23, 2011
  • Attempt 5) Loan for $30,000.00 on June 23, 2011

Several past requests for credit have been made by Kevin in the past, including one from CBC Bank in Wytheville, Virginia before Kevin was accepted for the $40000 by Premier Bank-South, National Association

Kevin made 9 previous tries to obtain a mortgage, 2 of which were with CBC Bank, a lender in Wytheville, Virginia known to specialize in mortgages specifically. Prior to finding Premier Bank-South, National Association, Kevin was very concerned due to their inexperience and bad credit rating.

Contact Details for Premier Bank-South, National Association, the provider of this mortgage

  • Premier Bank-South, National Association
  • City: Wytheville
  • State: Virginia
  • Address: 170 East Main Street
  • County: Wythe
  • Zip code: 24382

Installment loan for Kevin, a graduate of South Arkansas Community College and a social worker working for over $64,000 per year

Kevin, an alumnus at South Arkansas Community College and a social worker in Wytheville, Virginia wants a mortgage to purchase a new cell phone. Kevin has instead chosen to obtain an installment loan for $9,000 and is at present seeking lenders like Crestar Bank to process their request.

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Normal debt consolidation loans vary from $31,000.00 to $57,000.00. They are typically used to pay off existing high interest loans like credit cards. Kevin needed a debt consolidation loan to pay for their existing mortgage and their credit card. Kevin was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.6%.

Kevin’s Transunion score was altered by the mortgage loan, changing to 435 from 450, which is typical in our experience.

Transunion Score: 435

Fast Loans for Kevin in Wytheville, Virginia to prevent bankruptcy or harm from debt collectors.

Fast loans in Wytheville, Virginia aren’t actually that difficult to obtain, especially if you have some gumption like Kevin. Kevin was able to find a fast loan for $40000 from Peoples Community Bank and Farmers and Merchants Bank of Boones Mill, Virginia, but declined both offers in favor of their mortgage from Premier Bank-South, National Association. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big difference if you are on the go.

9 Months in the Past, Kevin Tried to Find a High Risk Loan for $24,000.00, and it was Hard

It is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Kevin. Kevin chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit applicants. Clients with credit scores as low as 410 can apply for a high risk loan and possibly can be accepted.

Personal Loan for a social worker named Kevin in Wytheville, Virginia to Pay Off Berkshire Municipal Bank Visa Signature Bonus Rewards Card

Kevin had a tonne of credit card debt on their Conestoga Cash Rewards American Express Card and their Eddie Bauer Credit Card, and they were starting to get in over their heads. Despite Kevin’s job as a social worker, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Kevin’s Overall FICO score at the time of acceptance for a mortgage, taking into account their social worker job and their future career as an aircraft assembler

Fico Score: 450

Kevin was declined by Farmers Bank 5 times before being approved by Premier Bank-South, National Association at 170 East Main Street

On December 21, 2012, Kevin inquired about borrowing $40,000 from First Virginia Bank – Planters with Catharine, their friend from just outside Wytheville, and even with the co-signer, Kevin was rejected for this mortgage. With bad credit, it can be challenging to procure financing, even with collateral and a co-signer.

Client Profile: Kevin Garlinger of Wytheville, Virginia
  • Full name (Changed if requested): Kevin Garlinger
  • Current Credit: loans.hit.utils.Fico@2cfb4a64
  • Current City: Wytheville
  • State: Virginia
  • Zip code: 24390
  • Yearly income: $69,000
  • Current Job: social worker
  • Current County: Wythe
  • Goal Yearly Income: $83,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Before applying for this mortgage, Kevin had an Experian score of 461, which is bad, so Premier Bank-South, National Association likely can provide Kevin a mortgage

Experian Score: 461

Signature Loan found in Wytheville, Virginia for $40000 with bad credit by Kevin

Many clients have difficulty with finding signature loans in Wytheville, Virginia, and Kevin is no different. Kevin went to 5 lenders or more before settling on Premier Bank-South, National Association, who offered Kevin a signature loan for $40000. Typical signature loans simply need a client, like Kevin’s signature to get them, up to $33,000 in some cases. Kevin was able to get $40000 as a mortgage, which is very high for a mortgage. Because signature loans don’t require collateral, these loans generally require better credit, as high as 701

Conclusion of Kevin’s mortgage

In the end, Kevin was able to find a mortgage for $40000 with an interest rate of 11.3% interest APR from Premier Bank-South, National Association in Wytheville, Virginia repayable over 6 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.