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19 Year, Fixed Interest Secured Loan For Lili In South Carolina

$108000 Secured Loan – Easley South Carolina, Credit Score Of 587

  • Experian: 604 – They had a fair Experian score
  • Transunion: 571 – Lili had a fair credit score with Transunion.
  • Equifax: Lili’s Experian score was 587, which is a fair credit score with the Experian scale.

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

Fast loans in Easley, South Carolina aren’t actually that difficult to obtain, especially if you have some gumption like Lili. Lili was able to find a fast loan for $108000 from The Bank of Trenton and NCNB National Bank of South Carolina, but declined both offers in favor of their secured loan from Carolina National Bank. The improvement with a fast loan over a installment 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 client is in a time sensitive situation.

Lili’s Overall FICO score at the time of acceptance for a secured loan, taking into account their child support investigator job and their future job as a speech pathologist

Fico Score: 587

Previous requests on Lili’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$122510.00 4 11.5% $3196.16 The Peoples Bank October 21, 2011
$122570.00 4 6.7% $2918.06 The Commercial Bank March 5, 2012
$122520.00 9 9.5% $1691.92 The Bank of Hartsville April 26, 2013
$123170.00 8 9.4% $1830.13 Farmers and Merchants Bank of South Carolina August 4, 2014

When Lili was 20, they tried to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a chronology of Lili’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on September 3, 2013
  • Attempt 2) Loan for $35,000.00 on October 20, 2011
  • Attempt 3) Loan for $31,000.00 on March 10, 2012
  • Attempt 4) Loan for $29,000.00 on July 5, 2009

Before applying for this secured loan, Lili had an Experian score of 604, which is fair, so Carolina National Bank most likely cannot provide Lili a secured loan

Experian Score: 604

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans range from $38,000.00 to $52,000.00. They are typically used to pay off existing high interest loans like credit cards. Lili needed a debt consolidation loan to pay for their existing secured loan and their loan shark loan. Lili was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 2.8%.

Lili has a low current gross income, but has several of prospects

Lili has always wanted to be a speech pathologist, but would have to attend Meridian Community College again to achieve it. Lili has other possibilities as well, including graduate teaching assistant, library consultant, and plant manager, which pay $53,000 through to $92,000 per year, on average. For this reason, we believe that Lili can pay for this secured loan of $108000.

Signature Loan found in Easley, South Carolina for $108000 with fair credit by Lili

Most borrowers have difficulty with obtaining signature loans in Easley, South Carolina, and Lili is no different. Lili went to 5 lending institutions or more before finding Carolina National Bank, who offered Lili a signature loan for $108000. Typical signature loans simply need a client, like Lili’s signature to obtain them, up to $34,000 in some cases. Lili was able to get $108000 as a secured loan, which is very high for a secured loan. Because signature loans don’t need collateral, these loans tend to need better credit, as high as 713

Personal Loan for a child support investigator named Lili in Easley, South Carolina to Pay Off Plains Commerce Bank Visa Gold Card

Lili had a tonne of credit card debt on their First Niagara Standard Rewards Mastercard and their Five Star Bank Visa Signature Bonus Rewards Card, and they were starting to get in over their heads. Despite Lili’s job as a child support investigator, they struggled to make payments on the $22,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

8 Months Ago, Lili Tried Finding a High Risk Loan for $34,000.00, and it was Hard

It is an well known struggle for borrowers to find high risk loans in a safe way. a lot of high risk loans end up coming from loan sharks or the like, which can be scary to borrowers like Lili. Lili chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Clients with credit ratings as low as 318 can inquire for a high risk loan and have a chance to be accepted.

Lili was rejected by The National Bank of South Carolina 4 times before being granted funding by Carolina National Bank at 301 East First Avenue

On February 25, 2009, Lili applied about borrowing $17,000 from The Peoples Bank with Prudence, their in law from just outside Easley, and even with the co-signer, Lili was rejected for this secured loan. With fair credit, it can be very hard to obtain funding, even with collateral and a co-signer.

Contact Details for Carolina National Bank, the provider of this secured loan

  • Carolina National Bank
  • City: Easley
  • State: South Carolina
  • Address: 301 East First Avenue
  • County: Pickens
  • Zip code: 29640
Client Profile: Lili Gregorio of Easley, South Carolina
  • Full name (Changed if requested): Lili Gregorio
  • Current Credit: loans.hit.utils.Fico@7ab2bfe1
  • Current City: Easley
  • State: South Carolina
  • Zip code: 29647
  • Yearly income: $41,000
  • Current Job: child support investigator
  • Current County: Pickens
  • Goal Yearly Income: $96,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Lili’s Transunion score was changed by the secured loan loan, changing to 571 from 587, which is typical in our experience.

Transunion Score: 571

Installment loan for Lili, a graduate of Meridian Community College and a child support investigator working for over $61,000 per year

Lili, an alumnus at Meridian Community College and a child support investigator in Easley, South Carolina wants a secured loan to purchase a car. Lili has instead chosen to obtain an installment loan for $27,000 and is at present seeking lenders like The Community Bank of South Carolina to provide it.

Many previous requests for credit have been made by Lili in the past, including one from International Bank in Easley, South Carolina before Lili was approved for the $108000 by Carolina National Bank

Lili made 6 previous tries to obtain a secured loan, 2 of which were with International Bank, a lender in Easley, South Carolina known to specialize in secured loans specifically. Before finding Carolina National Bank, Lili was concerned due to their inexperience and fair credit score.

Paraphrased and Standardized Quote from Lili for this secured loan of $108000, provided by Carolina National Bank

Hello, I am Lili and my hometown is Easley in South Carolina. Pickens, county is where I grew up, and now I need a secured loan in South Carolina for $108000 to renovate my home. It has been difficult, but Carolina National Bank really came through for me with this loan for 9.5% interest APR and a term of 19 years. I will repay the loan over the 19 year term, including interest. A big thanks to Carolina National Bank for giving me a chance and my fair credit. It look me 8 years to build my credit to 587, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for helping me this far.

Conclusion of Lili’s secured loan

In the end, Lili was able to find a secured loan for $108000 with an interest rate of 7.7% interest APR from Carolina National Bank in Easley, South Carolina repayable over 19 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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