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Based in Charlotte, North Carolina, Wachovia Corporation is one of the largest banking chains in the United States. Wachovia provides a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. It is one of the largest providers of financial services in the United States, operating as Wachovia Bank in 15 states from Connecticut to Florida and west to Texas.

In 2003, Wachovia was ranked number 23 on the Forbes 500 list, and is the fourth largest bank holding company in the US. It has banking centers in 15 East coast states and Washington, D.C. They also sponsor the following teams:

  • New York Giants (NFL)
  • Miami Dolphins (NFL)
  • Charlotte Bobcats (NBA)
  • Philadelphia 76ers (NBA)
  • San Antonio Spurs (NBA)
  • Houston Rockets (NBA)
  • Jacksonville Jaguars (NFL)

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If you are interested in consolidating your debt, getting rid of those high-interest credit card balances, and saving money in the process, Wachovia has lending products and services to help you eliminate your debt.  Features and benefits of these products include:

Secured Personal Loans
Wachovia has a wide variety of unsecured lending options that will assist you in funding the necessities of your life. Loan programs include:

  • Negotiable Collateral Loan
    Provides low rate financing by using your stocks, bonds, savings accounts, or CDs for collateral, while your investments continue earning.
  • Miscellaneous Secured Loan
    Use your purchase as collateral to give you a lower rate than unsecured loans.

Home Equity Loan Products (Not available in Texas)

  • Fixed monthly payments;
  • Interest may be tax deductible;
  • Low closing costs;
  • Borrow up to 100% of the value of your home;
  • Fixed rate for the life of the loan;
  • Up to a 30-year repayment term;
  • $8,000 minimum loan amount;
  • Up to $1 million for loan requests to access equity;
  • Up to $250,000 for purchase requests;
  • Ability to pay interest-only on the initial 1-, 3-, or 5-year term of the loan with a fixed rate, and amortizing payments for the remaining loan term.

Adjustable Rate Home Equity Loans 
Only available in AL, CT, DC, DE, GA, FL, MD, MS, NC, NJ, NY, PA, SC, TN, TX and VA

  • Payments are based on the 12-month London Inter Bank Offered Rate (LIBOR);
  • Interest may be tax deductible;
  • Get an initial fixed rate for a term of 1, 3, 5, or 7 years. After the initial terms ends, your rate may adjust based on the 12-month London InterBank Offered Rate (LIBOR);
  • Low closing costs;
  • Up to 30-year terms;
  • $8,000 minimum loan amount;
  • Up to $1 million for loan requests to access equity;
  • Up to $250,000 for purchase requests.

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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.