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Debt Consolidation Loan For $2000 Near 22046, Virginia With A Credit Score Of 547

$2000 Debt Consolidation Loan – Falls Church Virginia, Credit Rating Of 547

  • Experian: 561 – This individual had a fair Experian score
  • Transunion: 530 – Don had a fair credit score with Transunion.
  • Equifax: Don’s Experian score was 547, which is a fair credit rating with the Experian system.

Signature Loan acquired in Falls Church, Virginia for $2000 with fair credit by Don

Most prospective borrowers have difficulty with obtaining signature loans in Falls Church, Virginia, and Don is no different. Don went to 8 lenders or more prior to settling on Federal Savings Association of Virginia, who offered Don a signature loan for $2000. Typical signature loans simply require a client, like Don’s signature to get them, up to $35,000 in some cases. Don was able to get $2000 as a debt consolidation loan, which is very high for a debt consolidation loan. Because signature loans don’t require collateral, these loans generally require better credit, as high as 749

Before applying for this debt consolidation loan, Don had an Experian score of 561, which is fair, so Federal Savings Association of Virginia most likely cannot provide Don a debt consolidation loan

Experian Score: 561

Previous requests on Don’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$69620.00 7 8.8% $1113.07 Citizens Bank and Trust Company February 27, 2012
$70120.00 11 10.3% $889.84 Peoples Community Bank August 12, 2013
$69870.00 9 8.6% $931.5 Crestar Bank February 14, 2015
$70390.00 4 6.4% $1666.05 The Merchants and Farmers Bank April 9, 2015

Paraphrased and Standardized Quote from Don for this debt consolidation loan of $2000, provided by Federal Savings Association of Virginia

Hello, I am Don and I am from Falls Church in Virginia. Falls Church City, county is where I grew up, and now I need a debt consolidation loan in Virginia for $2000 to buy a big ticket item. It has been difficult, but Federal Savings Association of Virginia really came through for me with this loan for 5.5% interest APR and a term of 14 years. I can probably repay the loan over the 14 year term, including interest. A big thanks to Federal Savings Association of Virginia for trusting me and my fair credit. It look me 4 years to create my credit to 547, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.

Contact Details for Federal Savings Association of Virginia, the provider of this debt consolidation loan

  • Federal Savings Association of Virginia
  • City: Falls Church
  • State: Virginia
  • Address: 200 Little Falls Street
  • County: Falls Church City
  • Zip code: 22046

Don has a sad current total income, but has several of prospects

Don has always wanted to be a correction officer, but would need attend Dorsey School of Business again to become one. Don has other prospects as well, including business service specialist, glass blower, and orthodontic assistant, which pay $58,000 through to $100,000 per year, at least. Because of this, we think that Don can afford this debt consolidation loan of $2000.

Don’s Overall FICO score at the time of acceptance for a debt consolidation loan, taking into account their athletes’ business manager job and their future job as a correction officer

Fico Score: 547

Multiple previous requests for credit have been made by Don in the past, including one from New Metropolitan Federal Savings Bank in Falls Church, Virginia before Don was accepted for the $2000 by Federal Savings Association of Virginia

Don made 7 previous attempts to obtain a debt consolidation loan, 2 of which were with New Metropolitan Federal Savings Bank, a lending institution in Falls Church, Virginia known to specialize in debt consolidation loans specifically. Prior to finding Federal Savings Association of Virginia, Don was desperate due to their inexperience and fair credit rating.

Installment loan for Don, a graduate of Dorsey School of Business and an athletes’ business manager working for over $68,000 per year

Don, an alumnus at Dorsey School of Business and an athletes’ business manager in Falls Church, Virginia wants a debt consolidation loan to purchase something frivolous. Don has instead decided to get an installment loan for $27,000 and is currently seeking lenders like Crestar Bank to process their request.

Personal Loan for an athletes’ business manager named Don in Falls Church, Virginia to Pay Off USAA Cash Rewards World MasterCard

Don had a lot of credit card debt on their Crutchfield Credit Card and their City National Bank Visa Signature Card, and they were starting to get in over their heads. Despite Don’s job as an athletes’ business manager, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Don’s Transunion score was changed by the debt consolidation loan loan, changing to 530 from 547, which is normal in our experience.

Transunion Score: 530

Fast Loans for Don in Falls Church, Virginia to prevent bankruptcy or harm from debt collectors.

Fast loans in Falls Church, Virginia aren’t actually that difficult to obtain, especially if you have some finesse like Don. Don was able to find a fast loan for $2000 from Central Fidelity Bank, Charlottesville and Bank of Tazewell County, but turned down both offers in favor of their debt consolidation loan from Federal Savings Association of Virginia. 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. A big improvement in the case that a client is in a time sensitive situation.

When Don was 18, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a list of Don’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on November 25, 2011
  • Attempt 2) Loan for $24,000.00 on January 5, 2009
  • Attempt 3) Loan for $31,000.00 on June 3, 2011
  • Attempt 4) Loan for $39,000.00 on December 27, 2008
  • Attempt 5) Loan for $35,000.00 on November 22, 2011
  • Attempt 6) Loan for $32,000.00 on June 11, 2010
  • Attempt 7) Loan for $39,000.00 on May 22, 2009
Client Profile: Don Grothen of Falls Church, Virginia
  • Full name (Changed if requested): Don Grothen
  • Current Credit: loans.hit.utils.Fico@506e1b77
  • Current City: Falls Church
  • State: Virginia
  • Zip code: 22051
  • Yearly income: $32,000
  • Current Job: athletes’ business manager
  • Current County: Falls Church City
  • Goal Yearly Income: $98,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Don was declined by Merchants and Farmers Bank 5 times prior to being approved by Federal Savings Association of Virginia at 200 Little Falls Street

On April 26, 2010, Don applied about borrowing $7,000 from Southampton County Bank with Carley, their friend from just outside Falls Church, and even with the co-signer, Don was rejected for this debt consolidation loan. With fair credit, it can be very hard to obtain financing, even with collateral and a co-signer.

6 Months Ago, Don Tried to Find a High Risk Loan for $39,000.00, and it was Hard

There is an existing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Don. Don decided not to get a high risk loan this time. High Risk loans are generally given by lenders to terrible credit borrowers. Borrowers with credit ratings as low as 471 can inquire for a high risk loan and possibly can be approved.

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

Most debt consolidation loans vary from $37,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Don needed a debt consolidation loan to pay for their existing debt consolidation loan and their loan shark loan. Don was able to find a debt consolidation loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.7%.

Conclusion of Don’s debt consolidation loan

In the end, Don was able to find a debt consolidation loan for $2000 with an interest rate of 11.8% interest APR from Federal Savings Association of Virginia in Falls Church, Virginia repayable over 14 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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