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Personal Loan For $46000 Near 29501, South Carolina With A Credit Score Of 496

$46000 Personal Loan – Florence South Carolina, Credit Rating Of 496

  • Experian: 512 – The client had a bad Experian score
  • Transunion: 477 – Venetta had a bad credit rating with Transunion.
  • Equifax: Venetta’s Experian score was 496, which is a bad credit score using the Experian rating scheme.

Venetta’s Overall FICO score at the time of acceptance for a personal loan, taking into account their solar energy systems designer job and their future job as a logging tractor operator

Fico Score: 496

When Venetta was 24, they tried to obtain a student loan from 7 different lenders, which harmed their credit rating. Below is a chronology of Venetta’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $24,000.00 on January 6, 2010
  • Attempt 2) Loan for $31,000.00 on December 22, 2011
  • Attempt 3) Loan for $37,000.00 on March 28, 2013
  • Attempt 4) Loan for $34,000.00 on May 4, 2010
  • Attempt 5) Loan for $33,000.00 on February 25, 2011
  • Attempt 6) Loan for $22,000.00 on October 19, 2011
  • Attempt 7) Loan for $32,000.00 on October 29, 2009

Venetta was declined by The Community Bank of South Carolina 7 times before being approved by First Reliance Bank at 2170 West Palmetto Street

On May 10, 2011, Venetta applied about borrowing $22,000 from The Bank of Trenton with Mathilda, their in law from just outside Florence, and even with the co-signer, Venetta was rejected for this personal loan. With bad credit, it can be a challenge to obtain funding, even with collateral and a co-signer.

6 Months in the Past, Venetta Attempted to Find a High Risk Loan for $24,000.00, and it was Hard

There is an ongoing struggle for clients to find high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Venetta. Venetta 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 clients. Borrowers with credit ratings as low as 389 can inquire for a high risk loan and may be be accepted.

Fast Loans for Venetta in Florence, South Carolina to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Florence, South Carolina aren’t actually that difficult to obtain, especially if you have some gumption like Venetta. Venetta was able to find a fast loan for $46000 from The Bank of Trenton and The Security Bank, but turned down both offers in favor of their personal loan from First Reliance Bank. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better in the case that you are in a pinch.

Signature Loan easily acquired in Florence, South Carolina for $46000 with bad credit by Venetta

Many prospective borrowers have difficulty with obtaining signature loans in Florence, South Carolina, and Venetta is no exception. Venetta went to 7 lending institutions or more prior to finding First Reliance Bank, who offered Venetta a signature loan for $46000. Typical signature loans simply require a client, like Venetta’s signature to get them, up to $30,000 in some cases. Venetta was able to get $46000 as a personal loan, which is very high for a personal loan. Since signature loans do not need collateral, these loans tend to need better credit, as high as 701

Personal Loan for a solar energy systems designer named Venetta in Florence, South Carolina to Pay Off Merrill Lynch EMA Card

Venetta had a tonne of credit card debt on their West Elm Credit Card and their Tioga State Bank Visa Business Bonus Rewards Card, and they were starting to get in over their heads. Despite Venetta’s job as a solar energy systems designer, they struggled to make payments on the $29,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Client Profile: Venetta Fennern of Florence, South Carolina
  • Full name (Changed if requested): Venetta Fennern
  • Current Credit: loans.hit.utils.Fico@64a294a6
  • Current City: Florence
  • State: South Carolina
  • Zip code: 29506
  • Yearly income: $33,000
  • Current Job: solar energy systems designer
  • Current County: Florence
  • Goal Yearly Income: $144,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Venetta’s Transunion score was altered by the personal loan loan, changing to 477 from 496, which is normal in our experience.

Transunion Score: 477

Multiple other requests for credit have been made by Venetta in the past, including one from The Farmers State Bank in Florence, South Carolina before Venetta was accepted for the $46000 by First Reliance Bank

Venetta made 4 previous attempts to obtain a personal loan, 2 of which were with The Farmers State Bank, a lender in Florence, South Carolina known to specialize in personal loans specifically. Prior to finding First Reliance Bank, Venetta was concerned due to their inexperience and bad credit score.

Before applying for this personal loan, Venetta had an Experian score of 512, which is bad, so First Reliance Bank likely can provide Venetta a personal loan

Experian Score: 512

Installment loan for Venetta, a graduate of University of Phoenix and a solar energy systems designer working for over $64,000 per year

Venetta, an alumnus at University of Phoenix and a solar energy systems designer in Florence, South Carolina wants a personal loan to purchase a new cell phone. Venetta has instead decided to get an installment loan for $6,000 and is currently seeking lenders like The Farmers & Merchants Bank to provide it.

Venetta has a very low current total income, but has a high number of prospects

Venetta has always wanted to be a logging tractor operator, but would need attend University of Phoenix again to achieve it. Venetta has other possibilities as well, including family caseworker, aircraft cargo handling supervisor, and certified public accountant, which pay $52,000 through to $108,000 per year, at least. Because of this, we think that Venetta can afford this personal loan of $46000.

Previous requests on Venetta’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$87250.00 5 11.8% $1932.02 The Peoples Bank September 7, 2009
$87250.00 3 5.7% $2642.47 The Commercial Bank April 27, 2010
$87440.00 11 5.2% $871.24 The Bank of Hartsville October 31, 2012
$87100.00 3 11.7% $2880.5 Farmers and Merchants Bank of South Carolina April 27, 2013

Paraphrased and Standardized Quote from Venetta for this personal loan of $46000, provided by First Reliance Bank

Hello, I am Venetta and I’m from Florence in South Carolina. Florence, county is where I grew up, and now I need a personal loan in South Carolina for $46000 to avoid bankruptcy. It wasn’t easy, but First Reliance Bank really came through for me with this loan for 7.5% interest APR and a term of 9 years. I can probably repay the loan over the 9 year term, including interest. A big thanks to First Reliance Bank for trusting me and my bad credit. It look me 8 years to build my credit to 496, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Debt Consolidation Can Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $29,000.00 to $59,000.00. They are normally used to pay off existing high interest loans like credit cards. Venetta required a debt consolidation loan to pay for their existing personal loan and their payday loan. Venetta was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which changes your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.8%.

Contact Details for First Reliance Bank, the provider of this personal loan

  • First Reliance Bank
  • City: Florence
  • State: South Carolina
  • Address: 2170 West Palmetto Street
  • County: Florence
  • Zip code: 29501

Conclusion of Venetta’s personal loan

In the end, Venetta was able to find a personal loan for $46000 with an interest rate of 10.5% interest APR from First Reliance Bank in Florence, South Carolina repayable over 9 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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