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Private Loan With Very Low APR In Houston County, Alabama

$60000 Private Loan – Dothan Alabama, Credit Rating Of 798

  • Experian: 814 – They had an excellent Experian score
  • Transunion: 783 – Edwardo had an excellent credit score with Transunion.
  • Equifax: Edwardo’s Experian score was 798, which is an excellent credit rating with the Experian rating scheme.

When Edwardo was 23, they tried to obtain a student loan from 5 different banks, which damaged their credit rating. Below is a chronology of Edwardo’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on November 11, 2009
  • Attempt 2) Loan for $25,000.00 on August 27, 2011
  • Attempt 3) Loan for $26,000.00 on December 16, 2010
  • Attempt 4) Loan for $35,000.00 on June 8, 2011
  • Attempt 5) Loan for $34,000.00 on August 5, 2012
Client Profile: Edwardo Lazarini of Dothan, Alabama
  • Full name (Changed if requested): Edwardo Lazarini
  • Current Credit: loans.hit.utils.Fico@6e2c634b
  • Current City: Dothan
  • State: Alabama
  • Zip code: 36302
  • Yearly income: $30,000
  • Current Job: soil engineer
  • Current County: Houston
  • Goal Yearly Income: $117,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Contact Details for SunSouth Bank, the provider of this private loan

  • SunSouth Bank
  • City: Dothan
  • State: Alabama
  • Address: 108 Jamestown Blvd.
  • County: Houston
  • Zip code: 36301

Edwardo has a disappointing current yearly income, but has a high number of prospects

Edwardo has always wanted to be a disk jockey, but would need attend Glenwood Beauty Academy again to achieve it. Edwardo has other possibilities as well, including landscape architect, child support services worker, and teacher of the blind, which pay $53,000 through to $93,000 per year, on average. For this reason, we think that Edwardo can pay for this private loan of $60000.

Paraphrased and Standardized Quote from Edwardo for this private loan of $60000, provided by SunSouth Bank

Hello, I am Edwardo and my hometown is Dothan in Alabama. Houston, county is where I grew up, and now I need a private loan in Alabama for $60000 to avoid bankruptcy. It wasn’t easy, but SunSouth Bank really came through for me with this loan for 11.8% interest APR and a term of 14 years. I can repay the loan over the 14 year term, including interest. A big thanks to SunSouth Bank for giving me a chance and my excellent credit. It look me 7 years to build my credit to 798, and I won’t harm it any more. I am happy with Find Texas Loans for assisting me this far.

8 Months Ago, Edwardo Attempted to Find a High Risk Loan for $35,000.00, and it was Easy

It is an existing struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or similar lenders, which can be frightening to borrowers like Edwardo. Edwardo chose not to get a high risk loan this time. High Risk loans are given to very low credit applicants. Individuals with credit ratings as low as 301 can inquire for a high risk loan and possibly can be approved.

Edwardo’s Transunion score was changed by the private loan loan, changing to 783 from 798, which is typical in our experience.

Transunion Score: 783

Personal Loan for a soil engineer named Edwardo in Dothan, Alabama to Pay Off Ultimate Fighting Championship UFC Credit Card

Edwardo had a lot of credit card debt on their Speedway SuperAmerica Credit Cards and their Orvis Rewards Visa, and they were starting to get in over their heads. Despite Edwardo’s job as a soil engineer, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Before applying for this private loan, Edwardo had an Experian score of 814, which is excellent, so SunSouth Bank likely cannot provide Edwardo a private loan

Experian Score: 814

Many past requests for credit have been made by Edwardo in the past, including one from Polk County State Bank in Dothan, Alabama before Edwardo was accepted for the $60000 by SunSouth Bank

Edwardo made 8 prior attempts to obtain a private loan, 2 of which were with Polk County State Bank, a lending institution in Dothan, Alabama known to specialize in private loans specifically. Prior to finding SunSouth Bank, Edwardo was concerned due to their inexperience and excellent credit rating.

Edwardo’s Overall FICO score at the time of acceptance for a private loan, taking into account their soil engineer job and their future career as a disk jockey

Fico Score: 798

Previous requests on Edwardo’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$54310.00 10 5.7% $594.8 AuburnBank January 21, 2011
$54400.00 3 8.7% $1722.32 Bank of the South December 12, 2011
$54470.00 7 10.3% $912.73 Alabama City Bank of Gadsden, Alabama December 15, 2013
$54160.00 7 10.3% $907.54 The Exchange Bank, Attalla, Alabama January 3, 2015
$53870.00 7 7.3% $820.97 Robertson Banking Company June 23, 2015

Edwardo was rejected by Jacobs Bank 7 times prior to being granted funding by SunSouth Bank at 108 Jamestown Blvd.

On March 5, 2012, Edwardo inquired about borrowing $30,000 from Phenix-Girard Bank with Troy, their in law from just outside Dothan, and even with the co-signer, Edwardo was rejected for this private loan. With excellent credit, it can be challenging to procure financing, even with collateral and a co-signer.

Fast Loans for Edwardo in Dothan, Alabama to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Dothan, Alabama aren’t actually that difficult to obtain, particularly if you have some gumption like Edwardo. Edwardo was able to find a fast loan for $60000 from Bank of Evergreen and First Alabama Bank of Covington County, but turned down both offers in favor of their private loan from SunSouth Bank. 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 6 weeks for personal loans. A big improvement if a borrower is in a pinch.

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

Most debt consolidation loans range from $23,000.00 to $41,000.00. They are normally used to pay off existing high interest loans like credit cards. Edwardo required a debt consolidation loan to pay for their existing private loan and their credit card. Edwardo was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which changes your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans usually have interest rates as low as 4.1%.

Installment loan for Edwardo, a graduate of Glenwood Beauty Academy and a soil engineer working for over $77,000 per year

Edwardo, an alumnus at Glenwood Beauty Academy and a soil engineer in Dothan, Alabama wants a private loan to purchase a car. Edwardo has instead chosen to obtain an installment loan for $11,000 and is at present seeking lenders like Robertson Banking Company to provide it.

Signature Loan found in Dothan, Alabama for $60000 with excellent credit by Edwardo

A lot of prospective borrowers have difficulty with obtaining signature loans in Dothan, Alabama, and Edwardo is not an exception. Edwardo went to 8 lenders or more before settling on SunSouth Bank, who offered Edwardo a signature loan for $60000. Typical signature loans simply require a client, like Edwardo’s signature to get them, up to $46,000 in some cases. Edwardo was able to get $60000 as a private loan, which is very high for a private loan. Since signature loans do not require collateral, these loans tend to need higher credit, as high as 724

Conclusion of Edwardo’s private loan

In the end, Edwardo was able to find a private loan for $60000 with an interest rate of 6.7% interest APR from SunSouth Bank in Dothan, Alabama repayable over 14 years from now.

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.