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11 Year, Fixed Interest Secured Loan For Scott In Florida

$54000 Secured Loan – Leesburg Florida, Credit Score Of 702

  • Experian: 714 – They had a good Experian score
  • Transunion: 687 – Scott had a good credit rating with Transunion.
  • Equifax: Scott’s Experian score was 702, which is a good credit rating on the Experian scale.

Contact Details for CenterState Bank Mid Florida, the provider of this secured loan

  • CenterState Bank Mid Florida
  • City: Leesburg
  • State: Florida
  • Address: 1211 West North Boulevard
  • County: Lake
  • Zip code: 34748

Personal Loan for an industrial engineer named Scott in Leesburg, Florida to Pay Off US Bank FlexPerks Select Rewards Visa Card

Scott had a lot of credit card debt on their Arhaus Credit Card and their Quantas, and they were starting to get in over their heads. Despite Scott’s job as an industrial engineer, they struggled to make payments on the $28,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Scott has a low current yearly income, but has a high number of prospects

Scott has always wanted to be an electrical and electronic inspector, but would need attend Frederick Community College again to become one. Scott has other prospects as well, including dispatcher, range manager, and answering service operator, which pay $51,000 through to $95,000 per year, on average. Because of this, we believe that Scott can pay for this secured loan of $54000.

Scott was not approved by Barnett Bank of West Florida 4 times prior to being approved by CenterState Bank Mid Florida at 1211 West North Boulevard

On February 2, 2012, Scott applied about borrowing $7,000 from Southeast Bank of Perry, National Association with Stacy, their in law from just outside Leesburg, and even with the co-signer, Scott was rejected for this secured loan. With good credit, it can be very hard 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 range from $20,000.00 to $51,000.00. They are normally used to pay off existing high interest loans like credit cards. Scott required a debt consolidation loan to pay for their existing secured loan and their payday loan. Scott was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a technique in the strategic borrowing method which converts your bad, high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 4.6%.

Scott’s Transunion score was altered by the secured loan loan, changing to 687 from 702, which is typical in our experience.

Transunion Score: 687

Fast Loans for Scott in Leesburg, Florida to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in Leesburg, Florida aren’t actually that difficult to obtain, particularly if you have some gumption like Scott. Scott was able to find a fast loan for $54000 from Southeast Bank of Madison County, National Association and SunTrust Bank, Northwest, Florida, but declined both offers in favor of their secured loan from CenterState Bank Mid Florida. The difference with a fast loan over a installment loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big improvement if a client is in a time sensitive situation.

Paraphrased and Standardized Quote from Scott for this secured loan of $54000, provided by CenterState Bank Mid Florida

Hello, I am Scott and my hometown is Leesburg in Florida. Lake, county is where I grew up, and now I need a secured loan in Florida for $54000 to buy a big ticket item. It has been difficult, but CenterState Bank Mid Florida really came through for me with this loan for 9.5% interest APR and a term of 11 years. I can repay the loan over the 11 year term, including interest. A big thanks to CenterState Bank Mid Florida for giving me a chance and my good credit. It look me 8 years to build my credit to 702, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for helping me this far.

6 Months Ago, Scott Tried to Find a High Risk Loan for $43,000.00, and it was Hard

It is an well known struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Scott. Scott decided not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Borrowers with credit ratings as low as 310 can inquire for a high risk loan and have a chance to be approved.

Previous requests on Scott’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$31760.00 4 9.1% $791.86 NCNB National Bank of Florida October 22, 2011
$32190.00 3 5.7% $974.91 Southeast Bank of Madison County, National Association November 22, 2011
$32430.00 8 5.7% $421.46 Southeast Bank of Wildwood August 14, 2013
$32100.00 8 10.8% $500.78 Atlantic Bank of Jacksonville December 28, 2013

Scott’s Overall FICO score at the time of acceptance for a secured loan, taking into account their industrial engineer job and their future job as an electrical and electronic inspector

Fico Score: 702

Installment loan for Scott, a graduate of Frederick Community College and an industrial engineer working for over $60,000 per year

Scott, an alumnus at Frederick Community College and an industrial engineer in Leesburg, Florida needs a secured loan to purchase something frivolous. Scott has instead chosen to get an installment loan for $1,000 and is at present seeking lenders like The Perkins State Bank to process their request.

Signature Loan acquired in Leesburg, Florida for $54000 with good credit by Scott

Most prospective borrowers struggle with obtaining signature loans in Leesburg, Florida, and Scott is no exception. Scott went to 7 lending institutions or more prior to settling on CenterState Bank Mid Florida, who offered Scott a signature loan for $54000. Typical signature loans simply need a client, like Scott’s signature to get them, up to $23,000 in some cases. Scott was able to get $54000 as a secured loan, which is very high for a secured loan. Since signature loans do not require collateral, these loans tend to need higher credit, as high as 783

Before applying for this secured loan, Scott had an Experian score of 714, which is good, so CenterState Bank Mid Florida likely cannot provide Scott a secured loan

Experian Score: 714

Client Profile: Scott Vipond of Leesburg, Florida
  • Full name (Changed if requested): Scott Vipond
  • Current Credit: loans.hit.utils.Fico@ba4d54
  • Current City: Leesburg
  • State: Florida
  • Zip code: 34754
  • Yearly income: $47,000
  • Current Job: industrial engineer
  • Current County: Lake
  • Goal Yearly Income: $142,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Multiple past requests for credit have been made by Scott in the past, including one from Marion Bank and Trust Company in Leesburg, Florida before Scott was accepted for the $54000 by CenterState Bank Mid Florida

Scott made 7 prior attempts to obtain a secured loan, 2 of which were with Marion Bank and Trust Company, a bank in Leesburg, Florida known to specialize in secured loans specifically. Before finding CenterState Bank Mid Florida, Scott was very concerned due to their inexperience and good credit rating.

When Scott was 20, they attempted to obtain a student loan from 7 alternate banks, which damaged their credit score. Below is a chronology of Scott’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $30,000.00 on July 18, 2009
  • Attempt 2) Loan for $34,000.00 on April 24, 2010
  • Attempt 3) Loan for $35,000.00 on January 12, 2013
  • Attempt 4) Loan for $33,000.00 on August 7, 2010
  • Attempt 5) Loan for $20,000.00 on August 13, 2009
  • Attempt 6) Loan for $27,000.00 on September 14, 2011
  • Attempt 7) Loan for $32,000.00 on August 5, 2009

Conclusion of Scott’s secured loan

In the end, Scott was able to find a secured loan for $54000 with an interest rate of 10.3% interest APR from CenterState Bank Mid Florida in Leesburg, Florida repayable over 11 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.