$60000 Unsecured Loan – Miami Florida, Credit Score Of 448
- Experian: 463 – This individual had a bad Experian rating
- Transunion: 429 – Walter had a bad credit rating with Transunion.
- Equifax: Walter’s Experian score was 448, which is a bad credit rating using the Experian rating scheme.
Contact Details for Republic Federal Bank, National Association, the provider of this unsecured loan
- Republic Federal Bank, National Association
- City: Miami
- State: Florida
- Address: 8600 Nw 36th Street, Suite 800
- County: Miami-Dade
- Zip code: 33166
- Full name (Changed if requested): Walter Cokely
- Current Credit: loans.hit.utils.Fico@1ddc4ec2
- Current City: Miami
- State: Florida
- Zip code: 33167
- Yearly income: $34,000
- Current Job: mining shovel machine operator
- Current County: Miami-Dade
- Goal Yearly Income: $108,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000
Paraphrased and Standardized Quote from Walter for this unsecured loan of $60000, provided by Republic Federal Bank, National Association
Hello, I am Walter and my hometown is Miami in Florida. Miami-Dade, county is where I grew up, and now I need a unsecured loan in Florida for $60000 to avoid bankruptcy. It has been difficult, but Republic Federal Bank, National Association really came through for me with this loan for 8.8% interest APR and a term of 11 years. I can probably repay the loan over the 11 year term, including interest. A big thanks to Republic Federal Bank, National Association for giving me a chance and my bad credit. It look me 5 years to build my credit to 448, and I won’t harm it any more. I’m pleased with Find Texas Loans for assisting me this far.
Previous requests on Walter’s credit
| Principle in USD | Term Length in Years | Annual Percentage Rate | Monthly Payment | Lender’s Branch Name | Date of Request |
|---|---|---|---|---|---|
| $132780.00 | 3 | 7.1% | $4105.93 | NCNB National Bank of Florida | March 1, 2009 |
| $132830.00 | 9 | 7.2% | $1674.7 | Southeast Bank of Madison County, National Association | August 17, 2010 |
| $133300.00 | 4 | 9.2% | $3329.85 | Southeast Bank of Wildwood | April 13, 2012 |
| $132790.00 | 5 | 10.4% | $2847.6 | Atlantic Bank of Jacksonville | May 22, 2013 |
Signature Loan found in Miami, Florida for $60000 with bad credit by Walter
Most borrowers struggle with obtaining signature loans in Miami, Florida, and Walter is no different. Walter went to 6 lenders or more prior to settling on Republic Federal Bank, National Association, who offered Walter a signature loan for $60000. Most signature loans simply require a client, like Walter’s signature to obtain them, up to $31,000 in some cases. Walter was able to get $60000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans don’t require collateral, these loans tend to need better credit, as high as 750
Installment loan for Walter, a graduate of Duquesne University and a mining shovel machine operator working for over $64,000 per year
Walter, an alumnus at Duquesne University and a mining shovel machine operator in Miami, Florida needs an unsecured loan to purchase a house. Walter has instead chosen to obtain an installment loan for $5,000 and is currently seeking lenders like The Perkins State Bank to provide it.
Walter was not approved by Century Bank of Orange County 4 times before being accepted by Republic Federal Bank, National Association at 8600 Nw 36th Street, Suite 800
On November 30, 2011, Walter inquired about borrowing $25,000 from Barnett Bank of Tampa, National Association with Liliana, their in law from just outside Miami, and even with the co-signer, Walter was rejected for this unsecured loan. With bad credit, it can be a challenge to obtain funding, even with collateral and a co-signer.
Walter’s Transunion score was altered by the unsecured loan loan, changing to 429 from 448, which is normal in our experience.
Personal Loan for a mining shovel machine operator named Walter in Miami, Florida to Pay Off Tarjeta BankAmericard Visa
Walter had a tonne of credit card debt on their America’s First FCU Visa Platinum Pro and their Legal Immigrant Association Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Walter’s job as a mining shovel machine operator, they struggled to make payments on the $23,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Fast Loans for Walter in Miami, Florida to prevent bankruptcy or harm from debt collectors.
Fast loans in Miami, Florida aren’t actually that difficult to obtain, especially if you have some gumption like Walter. Walter was able to find a fast loan for $60000 from NCNB National Bank of Florida and Caribank, but declined both offers in favor of their unsecured loan from Republic Federal Bank, National Association. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. A big improvement in the case that you are on the go.
Many previous requests for credit have been made by Walter in the past, including one from First Eastern Bank, National Association in Miami, Florida before Walter was accepted for the $60000 by Republic Federal Bank, National Association
Walter made 9 previous tries to obtain an unsecured loan, 2 of which were with First Eastern Bank, National Association, a lender in Miami, Florida known to specialize in unsecured loans specifically. Before finding Republic Federal Bank, National Association, Walter was very concerned due to their inexperience and bad credit rating.
When Walter was 19, they attempted to obtain a student loan from 4 different banks, which damaged their credit rating. Below is a list of Walter’s prior attempts at finding a student loan:
- Attempt 1) Loan for $33,000.00 on May 20, 2009
- Attempt 2) Loan for $24,000.00 on November 19, 2010
- Attempt 3) Loan for $21,000.00 on September 8, 2010
- Attempt 4) Loan for $26,000.00 on December 29, 2009
Debt Consolidation Will Help Any Highly Indebted Borrower to Escape Bad Debts like Loan Sharks
Most debt consolidation loans vary from $23,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Walter needed a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Walter was able to find a unsecured loan in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 4.0%.
Walter has a sad current gross income, but has a large amount of prospects
Walter has always wanted to be a marine architect, but would have to attend Duquesne University again to achieve it. Walter has other prospects as well, including administrative service manager, medical and scientific illustrator, and fire protection engineer, which pay $56,000 through to $101,000 per year, on average. For this reason, we think that Walter can afford this unsecured loan of $60000.
Walter’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their mining shovel machine operator job and their future career as a marine architect
Before applying for this unsecured loan, Walter had an Experian score of 463, which is bad, so Republic Federal Bank, National Association most likely cannot provide Walter an unsecured loan
6 Months Ago, Walter Tried Finding a High Risk Loan for $45,000.00, and it was Easy
There is an existing struggle for borrowers to find high risk loans in a safe way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Walter. Walter chose not to get a high risk loan this time. High Risk loans are given to bad credit borrowers. Individuals with credit ratings as low as 545 can inquire for a high risk loan and have a chance to be approved.
Conclusion of Walter’s unsecured loan
In the end, Walter was able to find an unsecured loan for $60000 with an interest rate of 10.5% interest APR from Republic Federal Bank, National Association in Miami, Florida repayable over 11 years from today.
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