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Low Rate Personal Loan For Burma In Belle Glade, Florida

$160000 Personal Loan – Belle Glade Florida, Credit Score Of 534

  • Experian: 547 – This individual had a fair Experian rating
  • Transunion: 518 – Burma had a fair credit score with Transunion.
  • Equifax: Burma’s Experian score was 534, which is a fair credit rating with the Experian rating scheme.

Before applying for this personal loan, Burma had an Experian score of 547, which is fair, so Everglades Federal Savings and Loan Association probably cannot provide Burma a personal loan

Experian Score: 547

When Burma was 18, they tried to obtain a student loan from 6 different banks, which damaged their credit rating. Below is a chronology of Burma’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on September 27, 2009
  • Attempt 2) Loan for $30,000.00 on August 28, 2011
  • Attempt 3) Loan for $25,000.00 on March 30, 2009
  • Attempt 4) Loan for $22,000.00 on January 9, 2011
  • Attempt 5) Loan for $36,000.00 on June 1, 2010
  • Attempt 6) Loan for $32,000.00 on May 17, 2009
Client Profile: Burma Urena of Belle Glade, Florida
  • Full name (Changed if requested): Burma Urena
  • Current Credit: loans.hit.utils.Fico@2e0fa5d3
  • Current City: Belle Glade
  • State: Florida
  • Zip code: 33433
  • Yearly income: $34,000
  • Current Job: school nurse
  • Current County: Palm Beach
  • Goal Yearly Income: $85,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $6000

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

Burma has always wanted to be an art therapist, but would have to attend Joliet Junior College again to become one. Burma has other possibilities as well, including sales representative, power-line installer and mechanic, and sales representative, which pay $58,000 through to $106,000 per year, on average. Because of this, we think that Burma can afford this personal loan of $160000.

Paraphrased and Standardized Quote from Burma for this personal loan of $160000, provided by Everglades Federal Savings and Loan Association

Hello, I am Burma and I’m from Belle Glade in Florida. Palm Beach, county is where I grew up, and now I need a personal loan in Florida for $160000 to pay bills. It has been difficult, but Everglades Federal Savings and Loan Association really came through for me with this loan for 7.7% interest APR and a term of 23 years. I will repay the loan over the 23 year term, including interest. A big thanks to Everglades Federal Savings and Loan Association for giving me a chance and my fair credit. It look me 8 years to create my credit to 534, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.

Burma’s Transunion score was changed by the personal loan loan, changing to 518 from 534, which is typical in our experience.

Transunion Score: 518

Fast Loans for Burma in Belle Glade, Florida to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Belle Glade, Florida aren’t actually that difficult to obtain, particularly if you have some finesse like Burma. Burma was able to find a fast loan for $160000 from Barnett Bank of Tampa, National Association and The Perkins State Bank, but declined both offers in favor of their personal loan from Everglades Federal Savings and Loan Association. The difference with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. Much better if a borrower is in a pinch.

Signature Loan acquired in Belle Glade, Florida for $160000 with fair credit by Burma

Most clients struggle with obtaining signature loans in Belle Glade, Florida, and Burma is no exception. Burma went to 8 lenders or more prior to finding Everglades Federal Savings and Loan Association, who offered Burma a signature loan for $160000. Typical signature loans simply require a client, like Burma’s signature to obtain them, up to $20,000 in some cases. Burma was able to get $160000 as a personal loan, which is very high for a personal loan. Because signature loans don’t require a cosigner, they generally require better credit, as high as 714

Installment loan for Burma, a graduate of Joliet Junior College and a school nurse working for over $66,000 per year

Burma, an alumnus at Joliet Junior College and a school nurse in Belle Glade, Florida wants a personal loan to purchase a house. Burma has instead decided to get an installment loan for $20,000 and is at present seeking lenders like Flagship Bank of Lake Alfred to provide it.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Normal debt consolidation loans vary from $27,000.00 to $41,000.00. They are mainly used to pay off existing high interest loans like credit cards. Burma required a debt consolidation loan to pay for their existing personal loan and their loan shark loan. Burma was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your dirty, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 2.0%.

Personal Loan for a school nurse named Burma in Belle Glade, Florida to Pay Off NBT Bank Visa Signature Bonus Rewards Card

Burma had a lot of credit card debt on their Gymboree Visa Platinum Credit Card and their Ohio Savings Bank American Express Card, and they were starting to get in over their heads. Despite Burma’s job as a school nurse, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

8 Months in the Past, Burma Tried Finding a High Risk Loan for $31,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for clients to find high risk loans in a safe way. Many high risk loans end up originating loan sharks or the like, which can be physically harmful to borrowers like Burma. Burma decided not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit individuals. Individuals with credit ratings as low as 573 can apply for a high risk loan and may be be accepted.

Previous requests on Burma’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$20320.00 8 11.8% $328.03 NCNB National Bank of Florida October 24, 2008
$19840.00 10 6.5% $225.28 Southeast Bank of Madison County, National Association July 6, 2009
$20420.00 8 6.6% $274.35 Southeast Bank of Wildwood May 12, 2012
$19520.00 9 8.6% $260.24 Atlantic Bank of Jacksonville January 12, 2013
$20220.00 6 5.6% $331.3 Century National Bank of Broward April 20, 2013

Several other requests for credit have been made by Burma in the past, including one from Connecticut Valley Bank in Belle Glade, Florida before Burma was accepted for the $160000 by Everglades Federal Savings and Loan Association

Burma made 5 previous tries to obtain a personal loan, 2 of which were with Connecticut Valley Bank, a lender in Belle Glade, Florida known to specialize in personal loans specifically. Before finding Everglades Federal Savings and Loan Association, Burma was desperate due to their inexperience and fair credit rating.

Contact Details for Everglades Federal Savings and Loan Association, the provider of this personal loan

  • Everglades Federal Savings and Loan Association
  • City: Belle Glade
  • State: Florida
  • Address: 125 North Main Street
  • County: Palm Beach
  • Zip code: 33430

Burma’s Overall FICO score at the time of acceptance for a personal loan, taking into account their school nurse job and their future job as an art therapist

Fico Score: 534

Burma was rejected by Sun Bank/South Central Florida, National Association 4 times before being approved by Everglades Federal Savings and Loan Association at 125 North Main Street

On September 18, 2011, Burma inquired about borrowing $42,000 from Atlantic Bank of Jacksonville with Nelly, their in law from just outside Belle Glade, and even with the co-signer, Burma was rejected for this personal loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Conclusion of Burma’s personal loan

In the end, Burma was able to find a personal loan for $160000 with an interest rate of 10.1% interest APR from Everglades Federal Savings and Loan Association in Belle Glade, Florida repayable over 23 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.