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Consolidation Loan Of $54000 For Bad Credit Florida Resident

$54000 Consolidation Loan – Englewood Florida, Credit Score Of 475

  • Experian: 486 – This client had a bad Experian score
  • Transunion: 462 – Gayle had a bad credit score with Transunion.
  • Equifax: Gayle’s Experian score was 475, which is a bad credit score on the Experian system.

Gayle has a disappointing current total income, but has a large amount of prospects

Gayle has always wanted to be a court administrator, but would need attend Hibbing Community College again to achieve it. Gayle has other possibilities as well, including library consultant, industrial engineering technician, and crossing guard, which pay $56,000 through to $98,000 per year, at least. Because of this, we think that Gayle can afford this consolidation loan of $54000.

Previous requests on Gayle’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$120690.00 8 9.7% $1812.27 NCNB National Bank of Florida January 2, 2012
$121190.00 5 6.1% $2348.58 Southeast Bank of Madison County, National Association February 1, 2012
$120800.00 3 8.8% $3830.17 Southeast Bank of Wildwood November 27, 2013
$121300.00 5 9.1% $2523.88 Atlantic Bank of Jacksonville July 8, 2014
$120610.00 4 10.1% $3064.78 Century National Bank of Broward January 30, 2015

Installment loan for Gayle, a graduate of Hibbing Community College and a casino cashier working for over $77,000 per year

Gayle, an alumnus at Hibbing Community College and a casino cashier in Englewood, Florida needs a consolidation loan to purchase a car. Gayle has instead chosen to obtain an installment loan for $24,000 and is at present seeking lenders like Seacoast National Bank to provide it.

Fast Loans for Gayle in Englewood, Florida to prevent bankruptcy or harm from debt collectors.

Fast loans in Englewood, Florida aren’t actually that difficult to obtain, particularly if you have some finesse like Gayle. Gayle was able to find a fast loan for $54000 from Sun Bank/Palm Beach County, National Association and First Bank of Crestview, but turned down both offers in favor of their consolidation loan from Peninsula Bank. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for personal loans. An improvement if a borrower is in a time sensitive situation.

Gayle’s Transunion score was altered by the consolidation loan loan, changing to 462 from 475, which is typical in our experience.

Transunion Score: 462

Gayle’s Overall FICO score at the time of acceptance for a consolidation loan, taking into account their casino cashier job and their future job as a court administrator

Fico Score: 475

Paraphrased and Standardized Quote from Gayle for this consolidation loan of $54000, provided by Peninsula Bank

Hello, I am Gayle and my hometown is Englewood in Florida. Charlotte, county is where I grew up, and now I need a consolidation loan in Florida for $54000 to renovate my home. It wasn’t easy, but Peninsula Bank really came through for me with this loan for 8.4% interest APR and a term of 2 years. I will repay the loan over the 2 year term, including interest. A big thanks to Peninsula Bank for giving me a chance and my bad credit. It look me 7 years to create my credit to 475, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

Before applying for this consolidation loan, Gayle had an Experian score of 486, which is bad, so Peninsula Bank most likely can provide Gayle a consolidation loan

Experian Score: 486

Gayle was not approved by The First Bankers of Polk County 6 times before being granted funding by Peninsula Bank at 3100 South Mccall Road

On December 16, 2009, Gayle applied about borrowing $42,000 from Seacoast National Bank with Patricia, their friend from just outside Englewood, and even with the co-signer, Gayle was rejected for this consolidation loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.

Personal Loan for a casino cashier named Gayle in Englewood, Florida to Pay Off SunTrust Secured Credit Card with Cash Rewards

Gayle had a tonne of credit card debt on their TD Easy Rewards Visa Credit Card and their The Zales Credit Card, and they were starting to get in over their heads. Despite Gayle’s job as a casino cashier, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans vary from $26,000.00 to $54,000.00. They are typically used to pay off existing high interest loans like credit cards. Gayle needed a debt consolidation loan to pay for their existing consolidation loan and their loan shark loan. Gayle was able to find a consolidation loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which transfers your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 3.5%.

7 Months Ago, Gayle Attempted Finding a High Risk Loan for $37,000.00, and it was Hard

There is an well known struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Gayle. Gayle decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit individuals. Clients with credit ratings as low as 588 can apply for a high risk loan and have a chance to be accepted.

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

  • Peninsula Bank
  • City: Englewood
  • State: Florida
  • Address: 3100 South Mccall Road
  • County: Charlotte
  • Zip code: 34224
Client Profile: Gayle Metzger of Englewood, Florida
  • Full name (Changed if requested): Gayle Metzger
  • Current Credit: loans.hit.utils.Fico@cc34f4d
  • Current City: Englewood
  • State: Florida
  • Zip code: 34228
  • Yearly income: $40,000
  • Current Job: casino cashier
  • Current County: Charlotte
  • Goal Yearly Income: $94,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Many other requests for credit have been made by Gayle in the past, including one from Lincoln Savings and Loan Association in Englewood, Florida before Gayle was accepted for the $54000 by Peninsula Bank

Gayle made 8 prior attempts to obtain a consolidation loan, 2 of which were with Lincoln Savings and Loan Association, a lending institution in Englewood, Florida known to specialize in consolidation loans specifically. Before finding Peninsula Bank, Gayle was desperate due to their inexperience and bad credit score.

Signature Loan acquired in Englewood, Florida for $54000 with bad credit by Gayle

Many prospective borrowers struggle with finding signature loans in Englewood, Florida, and Gayle is not an exception. Gayle went to 4 lenders or more prior to settling on Peninsula Bank, who offered Gayle a signature loan for $54000. Typical signature loans simply require a client, like Gayle’s signature to get them, up to $40,000 in some cases. Gayle was able to get $54000 as a consolidation loan, which is very high for a consolidation loan. Since signature loans don’t require a cosigner, these loans generally require higher credit, as high as 744

When Gayle was 20, they attempted to obtain a student loan from 6 alternate banks, which damaged their credit score. Below is a chronology of Gayle’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on July 2, 2009
  • Attempt 2) Loan for $31,000.00 on January 1, 2009
  • Attempt 3) Loan for $36,000.00 on March 3, 2009
  • Attempt 4) Loan for $32,000.00 on July 15, 2009
  • Attempt 5) Loan for $21,000.00 on February 3, 2009
  • Attempt 6) Loan for $26,000.00 on July 29, 2011

Conclusion of Gayle’s consolidation loan

In the end, Gayle was able to find a consolidation loan for $54000 with an interest rate of 9.6% interest APR from Peninsula Bank in Englewood, Florida repayable over 2 years from today.

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.