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No Collateral Loan Of $16000 For Terrible Credit South Carolina Resident

$16000 No Collateral Loan – Little River South Carolina, Credit Score Of 326

  • Experian: 336 – This individual had a terrible Experian rating
  • Transunion: 311 – Madelyn had a terrible credit rating with Transunion.
  • Equifax: Madelyn’s Experian score was 326, which is a terrible credit rating on the Experian scale.
Client Profile: Madelyn Wierzba of Little River, South Carolina
  • Full name (Changed if requested): Madelyn Wierzba
  • Current Credit: loans.hit.utils.Fico@22d8cfe0
  • Current City: Little River
  • State: South Carolina
  • Zip code: 29575
  • Yearly income: $50,000
  • Current Job: automotive glass installer
  • Current County: Horry
  • Goal Yearly Income: $97,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $8000

Madelyn’s Overall FICO score at the time of acceptance for a no collateral loan, taking into account their automotive glass installer job and their future career as an unemployment inspector

Fico Score: 326

Installment loan for Madelyn, a graduate of College of Southern Maryland and an automotive glass installer working for over $75,000 per year

Madelyn, an alumnus at College of Southern Maryland and an automotive glass installer in Little River, South Carolina needs a no collateral loan to purchase a car. Madelyn has instead decided to obtain an installment loan for $16,000 and is currently seeking lenders like Farmers and Merchants Bank of South Carolina to process their request.

Signature Loan acquired in Little River, South Carolina for $16000 with terrible credit by Madelyn

Most borrowers have difficulty with finding signature loans in Little River, South Carolina, and Madelyn is not an exception. Madelyn went to 4 lenders or more prior to settling on 1st Atlantic Bank, who offered Madelyn a signature loan for $16000. Typical signature loans simply require a client, like Madelyn’s signature to obtain them, up to $22,000 in some cases. Madelyn was able to get $16000 as a no collateral loan, which is very high for a no collateral loan. Because signature loans do not need a cosigner, these loans tend to need higher credit, as high as 741

Personal Loan for an automotive glass installer named Madelyn in Little River, South Carolina to Pay Off USAA Classic American Express

Madelyn had a tonne of credit card debt on their Bank of Albuquerque Credit Cards and their Nordstrom Credit Card, and they were starting to get in over their heads. Despite Madelyn’s job as an automotive glass installer, they struggled to make payments on the $25,000.00 credit card balance, badly needing assistance in the form of a personal loan.

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

Madelyn has always wanted to be an unemployment inspector, but would need attend College of Southern Maryland again to achieve it. Madelyn has other possibilities as well, including social worker, fire investigator, and job development specialist, which pay $54,000 through to $101,000 per year, at least. Because of this, we believe that Madelyn can pay for this no collateral loan of $16000.

Paraphrased and Standardized Quote from Madelyn for this no collateral loan of $16000, provided by 1st Atlantic Bank

Hi, I am Madelyn and I am from Little River in South Carolina. Horry, county is where I grew up, and now I need a no collateral loan in South Carolina for $16000 to buy a big ticket item. It wasn’t easy, but 1st Atlantic Bank really came through for me with this loan for 8.4% interest APR and a term of 7 years. I can probably repay the loan over the 7 year term, including interest. A big thanks to 1st Atlantic Bank for trusting me and my terrible credit. It look me 4 years to build my credit to 326, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.

6 Months in the Past, Madelyn Attempted to Find a High Risk Loan for $22,000.00, and it was Easy

It is an ongoing struggle for clients to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Madelyn. Madelyn decided not to get a high risk loan this time. High Risk loans are generally given by lenders to bad credit borrowers. Clients with credit scores as low as 433 can apply for a high risk loan and have a chance to be approved.

When Madelyn was 19, they tried to obtain a student loan from 7 different banks, which harmed their credit rating. Below is a chronology of Madelyn’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $21,000.00 on December 16, 2012
  • Attempt 2) Loan for $26,000.00 on October 22, 2012
  • Attempt 3) Loan for $38,000.00 on May 24, 2013
  • Attempt 4) Loan for $33,000.00 on June 23, 2013
  • Attempt 5) Loan for $38,000.00 on April 7, 2012
  • Attempt 6) Loan for $30,000.00 on June 23, 2010
  • Attempt 7) Loan for $24,000.00 on August 31, 2011

Madelyn was not approved by First National South 5 times before being approved by 1st Atlantic Bank at U.S. Highway 17 And Baldwin Avenue

On September 19, 2009, Madelyn inquired about borrowing $6,000 from Bank of Ridgeland with Rocco, their friend from just outside Little River, and even with the co-signer, Madelyn was rejected for this no collateral loan. With terrible credit, it can be challenging to obtain funding, even with collateral and a co-signer.

Debt Consolidation Can Help Any Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Most debt consolidation loans vary from $34,000.00 to $57,000.00. They are mainly used to pay off existing high interest loans like credit cards. Madelyn needed a debt consolidation loan to pay for their existing no collateral loan and their loan shark loan. Madelyn was able to find a no collateral loan in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which transfers your bad, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 2.7%.

Many past requests for credit have been made by Madelyn in the past, including one from Texas Commercial Federal Savings Association in Little River, South Carolina before Madelyn was approved for the $16000 by 1st Atlantic Bank

Madelyn made 8 previous attempts to obtain a no collateral loan, 2 of which were with Texas Commercial Federal Savings Association, a lending institution in Little River, South Carolina known to specialize in no collateral loans specifically. Before finding 1st Atlantic Bank, Madelyn was very concerned due to their inexperience and terrible credit rating.

Madelyn’s Transunion score was changed by the no collateral loan loan, changing to 311 from 326, which is normal in our experience.

Transunion Score: 311

Fast Loans for Madelyn in Little River, South Carolina to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Little River, South Carolina aren’t actually that difficult to obtain, particularly if you have some gumption like Madelyn. Madelyn was able to find a fast loan for $16000 from The Conway National Bank and United Carolina Bank of South Carolina, but turned down both offers in favor of their no collateral loan from 1st Atlantic Bank. The difference with a fast loan over a personal loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. An improvement if a borrower is in a time sensitive situation.

Previous requests on Madelyn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$117620.00 5 9.1% $2447.31 The Peoples Bank August 7, 2010
$118110.00 9 7.1% $1483.11 The Commercial Bank July 11, 2012
$117540.00 8 5.4% $1510.53 The Bank of Hartsville August 15, 2013
$118470.00 5 5.7% $2273.87 Farmers and Merchants Bank of South Carolina January 17, 2015
$118290.00 10 11.3% $1649.6 The Security Bank March 23, 2015

Before applying for this no collateral loan, Madelyn had an Experian score of 336, which is terrible, so 1st Atlantic Bank likely cannot provide Madelyn a no collateral loan

Experian Score: 336

Contact Details for 1st Atlantic Bank, the provider of this no collateral loan

  • 1st Atlantic Bank
  • City: Little River
  • State: South Carolina
  • Address: U.S. Highway 17 And Baldwin Avenue
  • County: Horry
  • Zip code: 29566

Conclusion of Madelyn’s no collateral loan

In the end, Madelyn was able to find a no collateral loan for $16000 with an interest rate of 8.3% interest APR from 1st Atlantic Bank in Little River, South Carolina repayable over 7 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.