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Mortgage Of $68000 For Fair Credit Florida Resident

$68000 Mortgage – Pensacola Florida, Credit Score Of 511

  • Experian: 530 – The client had a fair Experian rating
  • Transunion: 497 – Autumn had a fair credit score with Transunion.
  • Equifax: Autumn’s Experian score was 511, which is a fair credit rating on the Experian system.

Autumn was declined by Florida Bank of Volusia County 4 times before being granted funding by American Bank and Trust at 101 West Garden Street

On December 29, 2011, Autumn applied about borrowing $47,000 from Southeast National Bank of Bradenton with Ellamae, their in law from just outside Pensacola, and even with the co-signer, Autumn was rejected for this mortgage. With fair credit, it can be challenging to procure financing, even with collateral and a co-signer.

Autumn has a low current gross income, but has a large amount of prospects

Autumn has always wanted to be a kindergarten teacher, but would have to attend Olivet Nazarene University again to become one. Autumn has other prospects as well, including animal kennel supervisor, occupational physician, and civil drafter, which pay $57,000 through to $107,000 per year, at least. For this reason, we think that Autumn can afford this mortgage of $68000.

Installment loan for Autumn, a graduate of Olivet Nazarene University and a petroleum geologist working for over $77,000 per year

Autumn, an alumnus at Olivet Nazarene University and a petroleum geologist in Pensacola, Florida needs a mortgage to purchase a new cell phone. Autumn has instead chosen to get an installment loan for $17,000 and is at present seeking lenders like Atlantic Bank of Jacksonville to provide it.

When Autumn was 22, they attempted to obtain a student loan from 5 alternate banks, which harmed their credit rating. Below is a chronology of Autumn’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on December 22, 2010
  • Attempt 2) Loan for $39,000.00 on May 26, 2011
  • Attempt 3) Loan for $21,000.00 on November 2, 2010
  • Attempt 4) Loan for $23,000.00 on November 29, 2011
  • Attempt 5) Loan for $32,000.00 on April 3, 2013

Autumn’s Overall FICO score at the time of acceptance for a mortgage, taking into account their petroleum geologist job and their future career as a kindergarten teacher

Fico Score: 511

Autumn’s Transunion score was altered by the mortgage loan, changing to 497 from 511, which is typical in our experience.

Transunion Score: 497

Paraphrased and Standardized Quote from Autumn for this mortgage of $68000, provided by American Bank and Trust

Hi, I am Autumn and I am from Pensacola in Florida. Escambia, county is where I grew up, and now I need a mortgage in Florida for $68000 to pay bills. It wasn’t easy, but American Bank and Trust really came through for me with this loan for 5.5% interest APR and a term of 3 years. I will repay the loan over the 3 year term, including interest. A big thanks to American Bank and Trust for giving me a chance and my fair credit. It look me 9 years to build my credit to 511, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Personal Loan for a petroleum geologist named Autumn in Pensacola, Florida to Pay Off University of Nevada Las Vegas

Autumn had a lot of credit card debt on their Michigan Association of Realtors Visa Cards and their Beverly Hills Bar Association Platinum Rewards Visa, and they were starting to get in over their heads. Despite Autumn’s job as a petroleum geologist, they struggled to make payments on the $27,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Previous requests on Autumn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$120840.00 6 7.1% $2066.01 NCNB National Bank of Florida October 16, 2013
$120720.00 3 9.5% $3867.02 Southeast Bank of Madison County, National Association February 3, 2015
$120640.00 7 8.6% $1916.59 Southeast Bank of Wildwood August 20, 2015
$120860.00 5 7.3% $2410.32 Atlantic Bank of Jacksonville October 3, 2015

Signature Loan found in Pensacola, Florida for $68000 with fair credit by Autumn

Many clients struggle with finding signature loans in Pensacola, Florida, and Autumn is no different. Autumn went to 8 lending institutions or more before finding American Bank and Trust, who offered Autumn a signature loan for $68000. Most signature loans simply require a client, like Autumn’s signature to obtain them, up to $49,000 in some cases. Autumn was able to get $68000 as a mortgage, which is very high for a mortgage. Because signature loans don’t need a cosigner, these loans tend to need higher credit, as high as 710

Client Profile: Autumn Mosen of Pensacola, Florida
  • Full name (Changed if requested): Autumn Mosen
  • Current Credit: loans.hit.utils.Fico@179d3b25
  • Current City: Pensacola
  • State: Florida
  • Zip code: 32581
  • Yearly income: $50,000
  • Current Job: petroleum geologist
  • Current County: Escambia
  • Goal Yearly Income: $144,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $1000

Contact Details for American Bank and Trust, the provider of this mortgage

  • American Bank and Trust
  • City: Pensacola
  • State: Florida
  • Address: 101 West Garden Street
  • County: Escambia
  • Zip code: 32575

Fast Loans for Autumn in Pensacola, Florida to prevent bankruptcy or harm from debt collectors.

Fast loans in Pensacola, Florida aren’t actually that difficult to obtain, particularly if you have some finesse like Autumn. Autumn was able to find a fast loan for $68000 from Florida Bank of Volusia County and Century Bank of Orange County, but turned down both offers in favor of their mortgage from American Bank and Trust. The improvement with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big improvement in the case that a client is in a pinch.

7 Months in the Past, Autumn Tried to Find a High Risk Loan for $49,000.00, but They Didn’t Find What They were Expecting

It is an ongoing struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be physically harmful to borrowers like Autumn. Autumn decided not to obtain a high risk loan this time. High Risk loans are given to bad credit borrowers. Clients with credit ratings as low as 408 can inquire for a high risk loan and have a chance to be accepted.

Before applying for this mortgage, Autumn had an Experian score of 530, which is fair, so American Bank and Trust most likely cannot provide Autumn a mortgage

Experian Score: 530

Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $33,000.00 to $59,000.00. They are typically used to pay off existing high interest loans like credit cards. Autumn required a debt consolidation loan to pay for their existing mortgage and their payday loan. Autumn was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your less desirable, high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 4.6%.

Many past requests for credit have been made by Autumn in the past, including one from First Federal Capital Bank in Pensacola, Florida before Autumn was approved for the $68000 by American Bank and Trust

Autumn made 6 previous attempts to obtain a mortgage, 2 of which were with First Federal Capital Bank, a lender in Pensacola, Florida known to specialize in mortgages specifically. Prior to finding American Bank and Trust, Autumn was desperate due to their inexperience and fair credit score.

Conclusion of Autumn’s mortgage

In the end, Autumn was able to find a mortgage for $68000 with an interest rate of 6.5% interest APR from American Bank and Trust in Pensacola, Florida repayable over 3 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.