$20000 Signature Loan – Winston Salem North Carolina, Credit Rating Of 533
- Experian: 552 – The client had a fair Experian rating
- Transunion: 519 – Flora had a fair credit rating with Transunion.
- Equifax: Flora’s Experian score was 533, which is a fair credit score using the Experian rating scheme.
Contact Details for Piedmont Federal Savings Bank, the provider of this signature loan
- Piedmont Federal Savings Bank
- City: Winston Salem
- State: North Carolina
- Address: 201 South Stratford Road
- County: Forsyth
- Zip code: 27103
Installment loan for Flora, a graduate of Lake-Sumter State College and an airline flight reservations administrator working for over $71,000 per year
Flora, an alumnus at Lake-Sumter State College and an airline flight reservations administrator in Winston Salem, North Carolina wants a signature loan to purchase a new cell phone. Flora has instead decided to get an installment loan for $13,000 and is at present seeking lenders like Bank of Pittsboro to provide it.
Flora’s Overall FICO score at the time of acceptance for a signature loan, taking into account their airline flight reservations administrator job and their future career as a farm labor contractor
Fast Loans for Flora 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 finesse like Flora. Flora was able to find a fast loan for $20000 from The East Carolina Bank and Citizens State Bank, but declined both offers in favor of their signature loan from Piedmont Federal Savings Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big difference if a borrower is in a time sensitive situation.
When Flora was 22, they tried to obtain a student loan from 6 alternate lenders, which damaged their credit rating. Below is a chronology of Flora’s prior attempts at finding a student loan:
- Attempt 1) Loan for $32,000.00 on January 16, 2010
- Attempt 2) Loan for $25,000.00 on March 8, 2011
- Attempt 3) Loan for $27,000.00 on March 29, 2009
- Attempt 4) Loan for $37,000.00 on February 12, 2011
- Attempt 5) Loan for $38,000.00 on September 10, 2011
- Attempt 6) Loan for $35,000.00 on September 2, 2009
6 Months Ago, Flora Attempted to Find a High Risk Loan for $42,000.00, but They Didn’t Find What They were Expecting
There is an well known struggle for borrowers 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 physically harmful to borrowers like Flora. Flora decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit borrowers. Individuals with credit scores as low as 368 can inquire for a high risk loan and may be be approved.
Flora’s Transunion score was changed by the signature loan loan, changing to 519 from 533, which is typical in our experience.
Signature Loan found in Winston Salem, North Carolina for $20000 with fair credit by Flora
Many clients struggle with finding signature loans in Winston Salem, North Carolina, and Flora is not an exception. Flora went to 7 lenders or more prior to settling on Piedmont Federal Savings Bank, who offered Flora a signature loan for $20000. Typical signature loans simply need a client, like Flora’s signature to get them, up to $20,000 in some cases. Flora was able to get $20000 as a signature loan, which is very high for a signature loan. Because signature loans do not need a cosigner, they generally need improved credit, as high as 788
Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans
Normal debt consolidation loans vary from $36,000.00 to $46,000.00. They are mainly used to pay off existing high interest loans like credit cards. Flora needed a debt consolidation loan to pay for their existing signature loan and their credit card. Flora was able to find a signature loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your dirty, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 3.4%.
Many previous requests for credit have been made by Flora in the past, including one from Farmers Bank in Winston Salem, North Carolina before Flora was approved for the $20000 by Piedmont Federal Savings Bank
Flora made 7 previous attempts to obtain a signature loan, 2 of which were with Farmers Bank, a lending institution in Winston Salem, North Carolina known to specialize in signature loans specifically. Before finding Piedmont Federal Savings Bank, Flora was desperate due to their inexperience and fair credit rating.
Flora was declined by The Bank of Raeford 7 times before being granted funding by Piedmont Federal Savings Bank at 201 South Stratford Road
On September 13, 2009, Flora inquired about borrowing $31,000 from Wachovia Bank, National Association with Lakesha, their friend from just outside Winston Salem, and even with the co-signer, Flora was rejected for this signature loan. With fair credit, it can be very hard to obtain funding, even with collateral and a co-signer.
Flora has a very low current total income, but has several of prospects
Flora has always wanted to be a farm labor contractor, but would need attend Lake-Sumter State College again to achieve it. Flora has other prospects as well, including hotel manager, physics professor, and agricultural technician, which pay $58,000 through to $105,000 per year, at least. Because of this, we think that Flora can pay for this signature loan of $20000.
Previous requests on Flora’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $105300.00 | 9 | 6.5% | $1290.4 | The Farmers Bank of Seaboard | May 5, 2011 |
| $105100.00 | 11 | 6.3% | $1105.72 | The Bank of Raeford | March 1, 2014 |
| $105140.00 | 4 | 6.2% | $2478.87 | The Bank of Coleridge | May 3, 2014 |
| $104590.00 | 3 | 11.7% | $3458.92 | Farmers Bank of Sunbury | May 18, 2015 |
| $104790.00 | 11 | 5.6% | $1065.11 | Bank of Pittsboro | June 5, 2015 |
- Full name (Changed if requested): Flora Kilkenny
- Current Credit: loans.hit.utils.Fico@3f8f9dd6
- Current City: Winston Salem
- State: North Carolina
- Zip code: 27108
- Yearly income: $60,000
- Current Job: airline flight reservations administrator
- Current County: Forsyth
- Goal Yearly Income: $144,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Personal Loan for an airline flight reservations administrator named Flora in Winston Salem, North Carolina to Pay Off L.L. Bean Visa Card
Flora had a lot of credit card debt on their Queensborough National Bank & Trust Company Credit Cards and their Coppermark Bank Credit Cards, and they were starting to get in over their heads. Despite Flora’s job as an airline flight reservations administrator, 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 Flora for this signature loan of $20000, provided by Piedmont Federal Savings Bank
Hello, I am Flora and I am from Winston Salem in North Carolina. Forsyth, county is where I grew up, and now I need a signature loan in North Carolina for $20000 to buy a car. It has been difficult, but Piedmont Federal Savings Bank really came through for me with this loan for 10.7% interest APR and a term of 23 years. I will repay the loan over the 23 year term, including interest. A big thanks to Piedmont Federal Savings Bank for trusting me and my fair credit. It look me 6 years to build my credit to 533, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.
Before applying for this signature loan, Flora had an Experian score of 552, which is fair, so Piedmont Federal Savings Bank likely cannot provide Flora a signature loan
Conclusion of Flora’s signature loan
In the end, Flora was able to find a signature loan for $20000 with an interest rate of 8.1% interest APR from Piedmont Federal Savings Bank in Winston Salem, North Carolina repayable over 23 years from now.
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