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4 Year Consolidation Loan For Miranda In Zebulon Georgia

$56000 Consolidation Loan – Zebulon Georgia, Credit Rating Of 650

  • Experian: 668 – The client had a good Experian score
  • Transunion: 635 – Miranda had a good credit score with Transunion.
  • Equifax: Miranda’s Experian score was 650, which is a good credit score using the Experian rating scheme.

Contact Details for United Bank, the provider of this consolidation loan

  • United Bank
  • City: Zebulon
  • State: Georgia
  • Address: 685 Griffin Street
  • County: Pike
  • Zip code: 30295

Debt Consolidation Will Help Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $28,000.00 to $43,000.00. They are typically used to pay off existing high interest loans like credit cards. Miranda needed a debt consolidation loan to pay for their existing consolidation loan and their payday loan. Miranda was able to find a consolidation loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which converts your less desirable, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 2.8%.

Client Profile: Miranda Cione of Zebulon, Georgia
  • Full name (Changed if requested): Miranda Cione
  • Current Credit: loans.hit.utils.Fico@27bc2616
  • Current City: Zebulon
  • State: Georgia
  • Zip code: 30296
  • Yearly income: $43,000
  • Current Job: nurse’s aide
  • Current County: Pike
  • Goal Yearly Income: $82,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Personal Loan for a nurse’s aide named Miranda in Zebulon, Georgia to Pay Off UBS Visa Signature Credit Card

Miranda had a tonne of credit card debt on their PNC Bank points Visa Credit Card and their Target Visa RedCard, and they were starting to get in over their heads. Despite Miranda’s job as a nurse’s aide, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan found in Zebulon, Georgia for $56000 with good credit by Miranda

Most borrowers have difficulty with obtaining signature loans in Zebulon, Georgia, and Miranda is no exception. Miranda went to 8 lending institutions or more before settling on United Bank, who offered Miranda a signature loan for $56000. Most signature loans simply need a client, like Miranda’s signature to get them, up to $36,000 in some cases. Miranda was able to get $56000 as a consolidation loan, which is very high for a consolidation loan. Because signature loans don’t need a cosigner, they tend to require higher credit, as high as 720

Multiple previous requests for credit have been made by Miranda in the past, including one from Nassau Savings and Loan Association, F.A. in Zebulon, Georgia before Miranda was accepted for the $56000 by United Bank

Miranda made 7 previous tries to obtain a consolidation loan, 2 of which were with Nassau Savings and Loan Association, F.A., a lender in Zebulon, Georgia known to specialize in consolidation loans specifically. Before finding United Bank, Miranda was desperate due to their inexperience and good credit rating.

Before applying for this consolidation loan, Miranda had an Experian score of 668, which is good, so United Bank probably can provide Miranda a consolidation loan

Experian Score: 668

Miranda’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their nurse’s aide job and their future job as a sales representative

Fico Score: 650

Installment loan for Miranda, a graduate of Siena Heights University and a nurse’s aide working for over $70,000 per year

Miranda, an alumnus at Siena Heights University and a nurse’s aide in Zebulon, Georgia needs a consolidation loan to purchase something frivolous. Miranda has instead decided to obtain an installment loan for $8,000 and is at present seeking lenders like The Commercial Bank to provide it.

Fast Loans for Miranda in Zebulon, Georgia to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Zebulon, Georgia aren’t actually that difficult to obtain, particularly if you have some gumption like Miranda. Miranda was able to find a fast loan for $56000 from Washington Loan & Banking Company and Washington Loan & Banking Company, but turned down both offers in favor of their consolidation loan from United Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. An improvement if a borrower is on the go.

Previous requests on Miranda’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$113830.00 8 9.1% $1673.54 NationsBank of Florida, National Association October 11, 2012
$114330.00 9 11.7% $1716.73 Century Bank and Trust June 12, 2013
$114410.00 7 10.5% $1929.03 Bank of Madison August 2, 2014
$114400.00 5 9.8% $2419.42 Bank of Hazlehurst March 25, 2015
$114280.00 4 5.4% $2652.54 The Citizens and Southern Bank of Dublin August 15, 2015

Miranda has a disappointing current gross income, but has a high number of prospects

Miranda has always wanted to be a sales representative, but would have to attend Siena Heights University again to achieve it. Miranda has other possibilities as well, including fitness trainer, electrical parts reconditioner, and security guard, which pay $53,000 through to $95,000 per year, at least. Because of this, we think that Miranda can pay for this consolidation loan of $56000.

Miranda’s Transunion score was changed by the consolidation loan loan, changing to 635 from 650, which is normal in our experience.

Transunion Score: 635

Miranda was not approved by Coffee County Bank 7 times before being accepted by United Bank at 685 Griffin Street

On August 18, 2013, Miranda inquired about borrowing $21,000 from United Bank with Hassie, their friend from just outside Zebulon, and even with the co-signer, Miranda was rejected for this consolidation loan. With good credit, it can be very hard to procure funding, even with collateral and a co-signer.

When Miranda was 21, they tried to obtain a student loan from 5 alternate lenders, which harmed their credit rating. Below is a list of Miranda’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on May 26, 2013
  • Attempt 2) Loan for $29,000.00 on October 2, 2010
  • Attempt 3) Loan for $20,000.00 on January 13, 2010
  • Attempt 4) Loan for $21,000.00 on February 25, 2009
  • Attempt 5) Loan for $28,000.00 on January 27, 2012

8 Months Ago, Miranda Attempted Finding a High Risk Loan for $42,000.00, but They Didn’t Find What They were Expecting

It is an existing 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 Miranda. Miranda chose not to get a high risk loan this time. High Risk loans are given to bad credit applicants. Borrowers with credit ratings as low as 500 can inquire for a high risk loan and may be be accepted.

Paraphrased and Standardized Quote from Miranda for this consolidation loan of $56000, provided by United Bank

Hello, I am Miranda and I’m from Zebulon in Georgia. Pike, county is where I grew up, and now I need a consolidation loan in Georgia for $56000 to buy a car. It has been difficult, but United Bank really came through for me with this loan for 10.0% 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 United Bank for giving me a chance and my good credit. It look me 5 years to build my credit to 650, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.

Conclusion of Miranda’s consolidation loan

In the end, Miranda was able to find a consolidation loan for $56000 with an interest rate of 7.8% interest APR from United Bank in Zebulon, Georgia 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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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.