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Direct Loan Of $54000 For Bad Credit Florida Resident

$54000 Direct Loan – Saint Petersburg Florida, Credit Rating Of 458

  • Experian: 471 – The client had a bad Experian score
  • Transunion: 440 – Klara had a bad credit rating with Transunion.
  • Equifax: Klara’s Experian score was 458, which is a bad credit score using the Experian rating scheme.

Installment loan for Klara, a graduate of University of St. Thomas and a landscape contractor working for over $68,000 per year

Klara, an alumnus at University of St. Thomas and a landscape contractor in Saint Petersburg, Florida needs a direct loan to purchase a new cell phone. Klara has instead decided to obtain an installment loan for $24,000 and is at present seeking lenders like Seacoast National Bank to provide it.

Personal Loan for a landscape contractor named Klara in Saint Petersburg, Florida to Pay Off BrandsMart U.S.A. Credit Card

Klara had a tonne of credit card debt on their CFCU Business Visa and their Charter Oak Credit Union Visa Platinum, and they were starting to get in over their heads. Despite Klara’s job as a landscape contractor, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Fast Loans for Klara in Saint Petersburg, Florida to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Saint Petersburg, Florida aren’t actually that difficult to obtain, especially if you have some gumption like Klara. Klara was able to find a fast loan for $54000 from Seacoast National Bank and Sun Bank and Trust Company, but declined both offers in favor of their direct loan from C1 Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. Much better if you are on the go.

7 Months in the Past, Klara Attempted to Find a High Risk Loan for $31,000.00, but They Didn’t Find What They were Expecting

It is an existing struggle for clients to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Klara. Klara decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit clients. Individuals with credit ratings as low as 574 can inquire for a high risk loan and may be be approved.

Previous requests on Klara’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$28160.00 8 6.6% $378.34 NCNB National Bank of Florida July 20, 2009
$27760.00 11 5.3% $277.98 Southeast Bank of Madison County, National Association February 23, 2014
$27870.00 4 8.2% $683.01 Southeast Bank of Wildwood June 1, 2014
$28160.00 5 7.4% $562.93 Atlantic Bank of Jacksonville November 8, 2014

Klara’s Transunion score was changed by the direct loan loan, changing to 440 from 458, which is typical in our experience.

Transunion Score: 440

Before applying for this direct loan, Klara had an Experian score of 471, which is bad, so C1 Bank most likely can provide Klara a direct loan

Experian Score: 471

Klara was declined by Southeast National Bank of Bradenton 4 times prior to being approved by C1 Bank at 100 5th Street South

On August 31, 2010, Klara applied about borrowing $18,000 from Seacoast National Bank with Marlene, their in law from just outside Saint Petersburg, and even with the co-signer, Klara was rejected for this direct loan. With bad credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Client Profile: Klara Stanifer of Saint Petersburg, Florida
  • Full name (Changed if requested): Klara Stanifer
  • Current Credit: loans.hit.utils.Fico@49c2faae
  • Current City: Saint Petersburg
  • State: Florida
  • Zip code: 33710
  • Yearly income: $52,000
  • Current Job: landscape contractor
  • Current County: Pinellas
  • Goal Yearly Income: $128,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Contact Details for C1 Bank, the provider of this direct loan

  • C1 Bank
  • City: Saint Petersburg
  • State: Florida
  • Address: 100 5th Street South
  • County: Pinellas
  • Zip code: 33701

When Klara was 24, they tried to obtain a student loan from 7 alternate lenders, which harmed their credit score. Below is a list of Klara’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on August 10, 2012
  • Attempt 2) Loan for $32,000.00 on November 15, 2013
  • Attempt 3) Loan for $38,000.00 on March 19, 2010
  • Attempt 4) Loan for $21,000.00 on September 9, 2012
  • Attempt 5) Loan for $39,000.00 on January 13, 2010
  • Attempt 6) Loan for $20,000.00 on June 26, 2012
  • Attempt 7) Loan for $32,000.00 on February 15, 2011

Klara’s Overall FICO score at the time of acceptance for a direct loan, taking into account their landscape contractor job and their future job as a bindery machine tender

Fico Score: 458

Paraphrased and Standardized Quote from Klara for this direct loan of $54000, provided by C1 Bank

Hi, I am Klara and my hometown is Saint Petersburg in Florida. Pinellas, county is where I grew up, and now I need a direct loan in Florida for $54000 to buy a big ticket item. It wasn’t easy, but C1 Bank really came through for me with this loan for 7.3% interest APR and a term of 1 years. I can repay the loan over the 1 year term, including interest. A big thanks to C1 Bank for trusting me and my bad credit. It look me 6 years to create my credit to 458, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Normal debt consolidation loans range from $26,000.00 to $43,000.00. They are normally used to pay off existing high interest loans like credit cards. Klara needed a debt consolidation loan to pay for their existing direct loan and their credit card. Klara was able to find a direct loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which changes your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.6%.

Klara has a disappointing current gross income, but has several of prospects

Klara has always wanted to be a bindery machine tender, but would need attend University of St. Thomas again to achieve it. Klara has other prospects as well, including tax lawyer, desktop publishing specialist, and electric motor mechanic, which pay $55,000 through to $100,000 per year, on average. Because of this, we think that Klara can pay for this direct loan of $54000.

Many previous requests for credit have been made by Klara in the past, including one from Pioneer Federal Savings and Loan Association in Saint Petersburg, Florida before Klara was accepted for the $54000 by C1 Bank

Klara made 6 previous tries to obtain a direct loan, 2 of which were with Pioneer Federal Savings and Loan Association, a lending institution in Saint Petersburg, Florida known to specialize in direct loans specifically. Before finding C1 Bank, Klara was desperate due to their inexperience and bad credit score.

Signature Loan found in Saint Petersburg, Florida for $54000 with bad credit by Klara

Most clients struggle with obtaining signature loans in Saint Petersburg, Florida, and Klara is the same. Klara went to 4 lenders or more before settling on C1 Bank, who offered Klara a signature loan for $54000. Typical signature loans simply need a client, like Klara’s signature to obtain them, up to $45,000 in some cases. Klara was able to get $54000 as a direct loan, which is very high for a direct loan. Because signature loans do not need collateral, these loans tend to require higher credit, as high as 777

Conclusion of Klara’s direct loan

In the end, Klara was able to find a direct loan for $54000 with an interest rate of 7.1% interest APR from C1 Bank in Saint Petersburg, Florida repayable over 1 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.