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The BB&T Corporation is one of the ten largest banks in the United States. Based in Winston-Salem, North Carolina, BB&T has more than $110 billion in assets, and has more than 1,400 financial centers in the Carolinas, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana and Washington, D.C..

On January 25, 2006, BB&T announced that it "will not lend to commercial developers that plan to build condominiums, shopping malls and other private projects on land taken from private citizens by government entities using eminent domain", saying that "basic rights" would be violated.

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In keeping with the tradition of offering consumers valuable and attractive lending options, BB&T features lending options to suit the needs of its customers.  For those who are considering debt consolidation to eliminate those high-interest credit card balances and other debt, BB&T has several lending programs and products to meet your needs.  Features and benefits of these lending options include:

BB&T Preferred Line

  • Revolving line of credit;
  • Flexibility to use exactly the amount you need, when you need it;
  • Easy access to your funds through ATMs, Phone24, and BB&T OnLine;
  • No collateral needed;
  • Flexible repayment options;
  • Not origination fees;
  • Payment protection available.

BB&T Tax Advantage Credit Line
BB&T Home Equity Loan

  • Open-ended line of credit secured by the equity in your home;
  • Fixed amount loan secured by the equity in your home;
  • Credit available when you need it;
  • Can be used through checks or from an ATM;
  • Flexible repayment options up to 30 years.

These options are ideal if you are looking to:

    • Have credit immediately available;
    • Reduce income tax burden;
    • Finance home improvements;
    • Make a significant purchase;
    • Consolidate debt.

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BB&T Debt Consolidation Loans

  • Eliminate multiple monthly finance charges;
  • Write one check per month;
  • Flexible repayment options;
  • Flexible repayment options (rates depend on loan amount and credit history);
  • Interest may be tax deductible.

Deposit/Investment Secured Loans

  • Use the value of your deposits, investments or life insurance policies as collateral;
  • You do NOT have to withdraw your money or cash in your stocks;
  • Flexible repayment options;
  • Maximum of 90% of the Loan-to-Value ratio can be borrowed;
  • No prepayment penalties.

The following can be used as collateral for a Deposit/Investment Secured Loan:

  • Life Insurance Policies;
  • Savings;
  • CDs;
  • Mutual Funds;
  • Brokerage Accounts;
  • Bonds.

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* Debt Basics is not a lender or broker. We provide information and research on debt help and debt consolidation. Product and service offerings differ by state.