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Ayana Dennis’s Secured Loan For 21000 Dollars In Miami Florida

$21000 Secured Loan – Miami Florida, Credit Rating Of 753

  • Experian: 770 – This individual had an excellent Experian rating
  • Transunion: 739 – Ayana had an excellent credit score with Transunion.
  • Equifax: Ayana’s Experian score was 753, which is an excellent credit score using the Experian scale.

Installment loan for Ayana, a graduate of VA NY Harbor Healthcare System – Manhattan and a teachers aide working for over $75,000 per year

Ayana, an alumnus at VA NY Harbor Healthcare System – Manhattan and a teachers aide in Miami, Florida needs a secured loan to purchase a new cell phone. Ayana has instead chosen to obtain an installment loan for $18,000 and is at present seeking lenders like First Bank of Crestview to provide it.

Ayana’s Overall FICO score at the time of acceptance for a secured loan, taking into account their teachers aide job and their future job as a retail store manager

Fico Score: 753

Ayana’s Transunion score was changed by the secured loan loan, changing to 739 from 753, which is typical in our experience.

Transunion Score: 739

Before applying for this secured loan, Ayana had an Experian score of 770, which is excellent, so Ocean Bank likely can provide Ayana a secured loan

Experian Score: 770

Personal Loan for a teachers aide named Ayana in Miami, Florida to Pay Off UMB Visa Platinum Rewards

Ayana had a lot of credit card debt on their CFCU Credit Union Visa Chadwicks Fashion Points Visa Card and their Farm Bureau Bank World MasterCard, and they were starting to get in over their heads. Despite Ayana’s job as a teachers aide, they struggled to make payments on the $24,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Ayana for this secured loan of $21000, provided by Ocean Bank

Hi, I am Ayana and I am from Miami in Florida. Miami-Dade, county is where I grew up, and now I need a secured loan in Florida for $21000 to buy a big ticket item. It wasn’t easy, but Ocean Bank really came through for me with this loan for 8.8% interest APR and a term of 19 years. I can repay the loan over the 19 year term, including interest. A big thanks to Ocean Bank for giving me a chance and my excellent credit. It look me 6 years to build my credit to 753, and I won’t harm it any future. I’m happy with Find Texas Loans for helping me this far.

Signature Loan acquired in Miami, Florida for $21000 with excellent credit by Ayana

Most clients have difficulty with obtaining signature loans in Miami, Florida, and Ayana is the same. Ayana went to 8 lending institutions or more before finding Ocean Bank, who offered Ayana a signature loan for $21000. Typical signature loans simply need a client, like Ayana’s signature to get them, up to $39,000 in some cases. Ayana was able to get $21000 as a secured loan, which is very high for a secured loan. Since signature loans don’t need a cosigner, these loans tend to need better credit, as high as 759

Client Profile: Ayana Dennis of Miami, Florida
  • Full name (Changed if requested): Ayana Dennis
  • Current Credit: loans.hit.utils.Fico@7591083d
  • Current City: Miami
  • State: Florida
  • Zip code: 33131
  • Yearly income: $32,000
  • Current Job: teachers aide
  • Current County: Miami-Dade
  • Goal Yearly Income: $92,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

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

Normal debt consolidation loans range from $38,000.00 to $42,000.00. They are typically used to pay off existing high interest loans like credit cards. Ayana required a debt consolidation loan to pay for their existing secured loan and their credit card. Ayana was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.7%.

Contact Details for Ocean Bank, the provider of this secured loan

  • Ocean Bank
  • City: Miami
  • State: Florida
  • Address: 780 N.W. 42nd Avenue
  • County: Miami-Dade
  • Zip code: 33126

When Ayana was 23, they tried to obtain a student loan from 6 alternate banks, which harmed their credit score. Below is a chronology of Ayana’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $25,000.00 on October 24, 2009
  • Attempt 2) Loan for $30,000.00 on April 3, 2009
  • Attempt 3) Loan for $26,000.00 on January 1, 2013
  • Attempt 4) Loan for $26,000.00 on June 16, 2010
  • Attempt 5) Loan for $26,000.00 on September 9, 2011
  • Attempt 6) Loan for $32,000.00 on November 29, 2010

Ayana has a disappointing current yearly income, but has a large amount of prospects

Ayana has always wanted to be a retail store manager, but would have to attend VA NY Harbor Healthcare System – Manhattan again to achieve it. Ayana has other prospects as well, including painter, social service volunteer, and catering administrator, which pay $57,000 through to $97,000 per year, on average. For this reason, we think that Ayana can afford this secured loan of $21000.

Many other requests for credit have been made by Ayana in the past, including one from The Farmers and Merchants Bank in Miami, Florida before Ayana was accepted for the $21000 by Ocean Bank

Ayana made 6 previous attempts to obtain a secured loan, 2 of which were with The Farmers and Merchants Bank, a lender in Miami, Florida known to specialize in secured loans specifically. Before finding Ocean Bank, Ayana was desperate due to their inexperience and excellent credit rating.

Previous requests on Ayana’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$30870.00 6 5.7% $507.24 NCNB National Bank of Florida June 16, 2009
$31460.00 10 8.4% $388.38 Southeast Bank of Madison County, National Association July 27, 2009
$31290.00 7 7.6% $481.48 Southeast Bank of Wildwood September 1, 2010
$31230.00 7 5.8% $453.24 Atlantic Bank of Jacksonville March 6, 2012

8 Months in the Past, Ayana Tried to Find a High Risk Loan for $25,000.00, and it was Hard

There is an ongoing struggle for borrowers to find high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Ayana. Ayana decided not to get a high risk loan this time. High Risk loans are given to very low credit clients. Individuals with credit ratings as low as 473 can inquire for a high risk loan and possibly can be approved.

Ayana was rejected by Seacoast National Bank 7 times prior to being granted funding by Ocean Bank at 780 N.W. 42nd Avenue

On April 9, 2011, Ayana inquired about borrowing $48,000 from Barnett Bank of West Florida with Regenia, their in law from just outside Miami, and even with the co-signer, Ayana was rejected for this secured loan. With excellent credit, it can be difficult to procure financing, even with collateral and a co-signer.

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

Fast loans in Miami, Florida aren’t actually that difficult to obtain, especially if you have some gumption like Ayana. Ayana was able to find a fast loan for $21000 from SunTrust Bank, Northwest, Florida and The Huntington National Bank of Lakeland, but turned down both offers in favor of their secured loan from Ocean Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big improvement if a client is in a pinch.

Conclusion of Ayana’s secured loan

In the end, Ayana was able to find a secured loan for $21000 with an interest rate of 10.4% interest APR from Ocean Bank in Miami, Florida repayable over 19 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.