$18000 Unsecured Loan – Chiefland Florida, Credit Rating Of 400
- Experian: 418 – They had a bad Experian rating
- Transunion: 381 – Morris had a bad credit score with Transunion.
- Equifax: Morris’s Experian score was 400, which is a bad credit score on the Experian scale.
Previous requests on Morris’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$128220.00||6||9.6%||$2349.6||NCNB National Bank of Florida||August 3, 2010|
|$128130.00||5||11.2%||$2798.65||Southeast Bank of Madison County, National Association||April 13, 2013|
|$127790.00||8||10.4%||$1966.26||Southeast Bank of Wildwood||September 30, 2013|
|$128380.00||7||9.7%||$2111.41||Atlantic Bank of Jacksonville||October 29, 2013|
|$127560.00||11||11.8%||$1729.68||Century National Bank of Broward||March 7, 2015|
Multiple previous requests for credit have been made by Morris in the past, including one from League City National Bank in Chiefland, Florida before Morris was approved for the $18000 by Drummond Community Bank
Morris made 4 prior attempts to obtain an unsecured loan, 2 of which were with League City National Bank, a lender in Chiefland, Florida known to specialize in unsecured loans specifically. Before finding Drummond Community Bank, Morris was concerned due to their inexperience and bad credit score.
- Full name (Changed if requested): Morris Rachell
- Current Credit: loans.hit.utils.Fico@728938a9
- Current City: Chiefland
- State: Florida
- Zip code: 32628
- Yearly income: $47,000
- Current Job: cosmetologist
- Current County: Levy
- Goal Yearly Income: $138,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Installment loan for Morris, a graduate of Nicholls State University and a cosmetologist working for over $72,000 per year
Morris, an alumnus at Nicholls State University and a cosmetologist in Chiefland, Florida needs an unsecured loan to purchase a new cell phone. Morris has instead chosen to obtain an installment loan for $26,000 and is at present seeking lenders like NCNB National Bank of Florida to process their request.
Contact Details for Drummond Community Bank, the provider of this unsecured loan
- Drummond Community Bank
- City: Chiefland
- State: Florida
- Address: 1627 North Young Boulevard
- County: Levy
- Zip code: 32626
8 Months Ago, Morris Tried Finding a High Risk Loan for $48,000.00, but They Didn’t Find What They were Expecting
There is an ongoing struggle for clients to get high risk loans in a safe way. a lot of high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Morris. Morris chose not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit borrowers. Borrowers with credit scores as low as 303 can inquire for a high risk loan and possibly can be accepted.
When Morris was 22, they attempted to obtain a student loan from 7 alternate lenders, which damaged their credit rating. Below is a chronology of Morris’s previous attempts at finding a student loan:
- Attempt 1) Loan for $20,000.00 on November 2, 2012
- Attempt 2) Loan for $23,000.00 on February 6, 2009
- Attempt 3) Loan for $30,000.00 on August 3, 2009
- Attempt 4) Loan for $36,000.00 on May 16, 2009
- Attempt 5) Loan for $38,000.00 on June 24, 2009
- Attempt 6) Loan for $25,000.00 on August 18, 2013
- Attempt 7) Loan for $37,000.00 on December 25, 2008
Personal Loan for a cosmetologist named Morris in Chiefland, Florida to Pay Off NAPA AutoCare EasyPay Credit Card
Morris had a tonne of credit card debt on their SEFCU Secured MasterCard and their Gconomy Visa Card, and they were starting to get in over their heads. Despite Morris’s job as a cosmetologist, they struggled to make payments on the $22,000.00 credit card balance, badly needing assistance in the form of a personal loan.
Fast Loans for Morris in Chiefland, Florida to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Chiefland, Florida aren’t actually that difficult to obtain, particularly if you have some gumption like Morris. Morris was able to find a fast loan for $18000 from Sun Bank/South Central Florida, National Association and Century Bank of Orange County, but turned down both offers in favor of their unsecured loan from Drummond Community Bank. 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 5 weeks for personal loans. A big difference if a client is in a time sensitive situation.
Paraphrased and Standardized Quote from Morris for this unsecured loan of $18000, provided by Drummond Community Bank
Hi, I am Morris and I’m from Chiefland in Florida. Levy, county is where I grew up, and now I need a unsecured loan in Florida for $18000 to buy a car. It has been difficult, but Drummond Community Bank really came through for me with this loan for 8.6% interest APR and a term of 18 years. I can repay the loan over the 18 year term, including interest. A big thanks to Drummond Community Bank for giving me a chance and my bad credit. It look me 6 years to create my credit to 400, and I won’t harm it any future. I am pleased with Find Texas Loans for helping me this far.
Debt Consolidation Can Assist Any Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans range from $39,000.00 to $53,000.00. They are mainly used to pay off existing high interest loans like credit cards. Morris required a debt consolidation loan to pay for their existing unsecured loan and their loan shark loan. Morris was able to find a unsecured loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which converts your bad, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.3%.
Morris’s Transunion score was altered by the unsecured loan loan, changing to 381 from 400, which is typical in our experience.
Before applying for this unsecured loan, Morris had an Experian score of 418, which is bad, so Drummond Community Bank probably can provide Morris an unsecured loan
Morris’s Overall FICO score at the time of acceptance for an unsecured loan, taking into account their cosmetologist job and their future job as a purchasing manager
Signature Loan easily acquired in Chiefland, Florida for $18000 with bad credit by Morris
Many prospective borrowers struggle with obtaining signature loans in Chiefland, Florida, and Morris is no different. Morris went to 5 lending institutions or more before finding Drummond Community Bank, who offered Morris a signature loan for $18000. Typical signature loans simply need a client, like Morris’s signature to get them, up to $37,000 in some cases. Morris was able to get $18000 as a unsecured loan, which is very high for an unsecured loan. Because signature loans don’t require collateral, they generally need better credit, as high as 763
Morris has a very low current yearly income, but has a large amount of prospects
Morris has always wanted to be a purchasing manager, but would need attend Nicholls State University again to become one. Morris has other prospects as well, including cosmetologist, insurance lawyer, and middle school guidance counselor, which pay $52,000 through to $92,000 per year, on average. Because of this, we think that Morris can afford this unsecured loan of $18000.
Morris was rejected by Flagship Bank of Lake Alfred 6 times prior to being approved by Drummond Community Bank at 1627 North Young Boulevard
On August 3, 2012, Morris applied about borrowing $34,000 from Florida Bank of Volusia County with Valorie, their friend from just outside Chiefland, and even with the co-signer, Morris was rejected for this unsecured loan. With bad credit, it can be a challenge to procure funding, even with collateral and a co-signer.
Conclusion of Morris’s unsecured loan
In the end, Morris was able to find an unsecured loan for $18000 with an interest rate of 8.1% interest APR from Drummond Community Bank in Chiefland, Florida repayable over 18 years from today.