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No Collateral Loan With Reasonable APR In Brevard County, Florida

$90000 No Collateral Loan – Cocoa Florida, Credit Score Of 532

  • Experian: 547 – This client had a fair Experian score
  • Transunion: 520 – Vernell had a fair credit rating with Transunion.
  • Equifax: Vernell’s Experian score was 532, which is a fair credit rating with the Experian rating scheme.

Before applying for this no collateral loan, Vernell had an Experian score of 547, which is fair, so Southeast Bank of Brevard probably cannot provide Vernell a no collateral loan

Experian Score: 547

Personal Loan for a food batchmaker named Vernell in Cocoa, Florida to Pay Off National Hot Rod Association Visa Card

Vernell had a lot of credit card debt on their Texas Rangers World MasterCard with Extra Bases Rewards and their RBC Visa Cash Back Card, and they were starting to get in over their heads. Despite Vernell’s job as a food batchmaker, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan acquired in Cocoa, Florida for $90000 with fair credit by Vernell

Most clients have difficulty with obtaining signature loans in Cocoa, Florida, and Vernell is not an exception. Vernell went to 5 lenders or more before finding Southeast Bank of Brevard, who offered Vernell a signature loan for $90000. Most signature loans simply require a client, like Vernell’s signature to get them, up to $27,000 in some cases. Vernell was able to get $90000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans do not require a cosigner, they tend to need improved credit, as high as 731

Vernell’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their food batchmaker job and their future career as a fire investigator

Fico Score: 532

Fast Loans for Vernell in Cocoa, Florida to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Cocoa, Florida aren’t actually that difficult to obtain, particularly if you have some finesse like Vernell. Vernell was able to find a fast loan for $90000 from Caribank and Seacoast National Bank, but turned down both offers in favor of their no collateral loan from Southeast Bank of Brevard. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for debt consolidation loans. A big improvement in the case that a borrower is in a time sensitive situation.

Vernell was rejected by SunTrust Bank, Northwest, Florida 6 times before being accepted by Southeast Bank of Brevard at 837 Forrest Avenue

On March 16, 2013, Vernell inquired about borrowing $33,000 from Barnett Bank of West Florida with Rosalinda, their friend from just outside Cocoa, and even with the co-signer, Vernell was rejected for this no collateral loan. With fair credit, it can be challenging to procure funding, even with collateral and a co-signer.

Multiple other requests for credit have been made by Vernell in the past, including one from The First National Bank of Mount Vernon in Cocoa, Florida before Vernell was accepted for the $90000 by Southeast Bank of Brevard

Vernell made 5 previous tries to obtain a no collateral loan, 2 of which were with The First National Bank of Mount Vernon, a lender in Cocoa, Florida known to specialize in no collateral loans specifically. Prior to finding Southeast Bank of Brevard, Vernell was concerned due to their inexperience and fair credit score.

Paraphrased and Standardized Quote from Vernell for this no collateral loan of $90000, provided by Southeast Bank of Brevard

Hello, I am Vernell and I am from Cocoa in Florida. Brevard, county is where I grew up, and now I need a no collateral loan in Florida for $90000 to buy a big ticket item. It has been difficult, but Southeast Bank of Brevard really came through for me with this loan for 10.8% interest APR and a term of 15 years. I can repay the loan over the 15 year term, including interest. A big thanks to Southeast Bank of Brevard for trusting me and my fair credit. It look me 6 years to create my credit to 532, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

Debt Consolidation Will Help Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans vary from $34,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Vernell needed a debt consolidation loan to pay for their existing no collateral loan and their payday loan. Vernell was able to find a no collateral loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 3.7%.

Contact Details for Southeast Bank of Brevard, the provider of this no collateral loan

  • Southeast Bank of Brevard
  • City: Cocoa
  • State: Florida
  • Address: 837 Forrest Avenue
  • County: Brevard
  • Zip code: 32922

Vernell’s Transunion score was altered by the no collateral loan loan, changing to 520 from 532, which is normal in our experience.

Transunion Score: 520

Previous requests on Vernell’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$61160.00 10 11.2% $849.42 NCNB National Bank of Florida April 13, 2009
$61330.00 9 5.6% $724.24 Southeast Bank of Madison County, National Association March 10, 2010
$61490.00 11 8.4% $715.25 Southeast Bank of Wildwood May 17, 2013
$61460.00 8 8.2% $875.1 Atlantic Bank of Jacksonville June 16, 2013
$61440.00 5 5.3% $1167.91 Century National Bank of Broward May 25, 2014

Vernell has a very low current total income, but has a large amount of prospects

Vernell has always wanted to be a fire investigator, but would have to attend Saint Martin’s University again to become one. Vernell has other prospects as well, including lathe operator, dental laboratory technician, and maintenance supervisor, which pay $51,000 through to $109,000 per year, at least. Because of this, we believe that Vernell can pay for this no collateral loan of $90000.

Client Profile: Vernell Hanley of Cocoa, Florida
  • Full name (Changed if requested): Vernell Hanley
  • Current Credit: loans.hit.utils.Fico@27bc2616
  • Current City: Cocoa
  • State: Florida
  • Zip code: 32929
  • Yearly income: $33,000
  • Current Job: food batchmaker
  • Current County: Brevard
  • Goal Yearly Income: $132,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

7 Months in the Past, Vernell Attempted Finding a High Risk Loan for $29,000.00, and it was Easy

It is an ongoing struggle for borrowers to get high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Vernell. Vernell decided not to get a high risk loan this time. High Risk loans are given to very low credit borrowers. Borrowers with credit scores as low as 418 can inquire for a high risk loan and have a chance to be approved.

Installment loan for Vernell, a graduate of Saint Martin’s University and a food batchmaker working for over $79,000 per year

Vernell, an alumnus at Saint Martin’s University and a food batchmaker in Cocoa, Florida wants a no collateral loan to purchase something frivolous. Vernell has instead chosen to obtain an installment loan for $26,000 and is currently seeking lenders like Southeast Bank of Perry, National Association to process their request.

When Vernell was 21, they attempted to obtain a student loan from 4 different lenders, which damaged their credit rating. Below is a list of Vernell’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $29,000.00 on February 16, 2012
  • Attempt 2) Loan for $39,000.00 on August 29, 2010
  • Attempt 3) Loan for $35,000.00 on September 2, 2010
  • Attempt 4) Loan for $33,000.00 on April 20, 2012

Conclusion of Vernell’s no collateral loan

In the end, Vernell was able to find a no collateral loan for $90000 with an interest rate of 8.6% interest APR from Southeast Bank of Brevard in Cocoa, Florida repayable over 15 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.