The Wachovia Corporation is a one bank North Carolina holding company with headquarters in Winston-Salem, North Carolina

The Wachovia Corporation is a one bank North Carolina holding company with headquarters in Winston-Salem, North Carolina

In consumer credit (non-auto): The Home Credit Companies, the HCC Credit Companies, the Franklin Finance Companies and the Franklin Credit Companies.

7. Wachovia’s December 31, 1969 resources (GX 71) were listed at $1,694,240,292; the total deposits of the bank were $1,328,706,574. As of ong all United States banks.

8. Wachovia operates 142 branch banking offices in over 50 North Carolina communities (GX 71, page A-8). It is the largest bank in the area. The State of North Carolina had 121 banks with 930 main or branch offices as of December 31, 1968 (GX 71, page A-8). Wachovia has a sizeable trust department and is subject to regulations of the Comptroller of the Currency and the laws of North Carolina and state authorities. It does not operate banking offices outside North Carolina.

10. NCNB Corporation, with headquarters in Charlotte, had December 31, 1969, bank deposits of $1,087,650,000 and total assets of $1,431,289,000 (GX 95); and First Union National Bancorp of Charlotte had bank deposits of $865,585,797 and total assets of $1,092,117,664 (GX 94). Both NCNB Corporation and First Union National Bancorp are one bank holding companies.

11. NCNB Corporation has recently acquired Factors, Inc., a factor with a 1969 volume of between $45,000,000 and $50,000,000. That company was bought to „meet the competition.“ First Union National Bancorp has recently bought a factoring company, H. A. Caesar & Company, which had a 1969 volume of about $35,000,000. First Union intends to https://paydayloan4less.com/payday-loans-nd/ do factoring in North Carolina.

In addition to the bank, the defendant Wachovia owns a real estate title insurance company, a real estate mortgage company, a data processing company, an insurance agency and a courier service corporation

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*635 12petition among Wachovia, NCNB Corporation and First Union National Bancorp is strong.Continue reading

Why do lenders insist on having co-signers?

Why do lenders insist on having co-signers?

The cosigner should have a significant and stable source of income. In order to prove the eligibility for loan repayment, the lender asks for the recent pay stubs of the co-signer.

The cosigner should be willing to sign on your behalf. The number of people who are willing to cosign a loan is significantly less because, if in case the borrower forgets to make necessary payments then the credit history of the borrower will be affected.

Most international students might have their first-times in the United States and would be unaware of all the procedures for a financial aid application.

With so many uncertainties in hand, most international students find application for student loans a Herculean task. Hence, it is natural to think about the reasons why international students should need a co-signer for loan application.Continue reading