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Private Loan For $48000 Near 32746, Florida With A Credit Score Of 372

$48000 Private Loan – Lake Mary Florida, Credit Rating Of 372

  • Experian: 383 – The client had a terrible Experian score
  • Transunion: 354 – Rickie had a terrible credit score with Transunion.
  • Equifax: Rickie’s Experian score was 372, which is a terrible credit rating on the Experian scale.

Installment loan for Rickie, a graduate of Horry-Georgetown Technical College and a craft artist working for over $61,000 per year

Rickie, an alumnus at Horry-Georgetown Technical College and a craft artist in Lake Mary, Florida needs a private loan to purchase something frivolous. Rickie has instead decided to get an installment loan for $2,000 and is currently seeking lenders like Southeast Bank of Madison County, National Association to process their request.

Paraphrased and Standardized Quote from Rickie for this private loan of $48000, provided by First Seminole Bank

Hi, I am Rickie and I’m from Lake Mary in Florida. Seminole, county is where I grew up, and now I need a private loan in Florida for $48000 to avoid bankruptcy. It has been difficult, but First Seminole Bank really came through for me with this loan for 11.4% interest APR and a term of 1 years. I can probably repay the loan over the 1 year term, including interest. A big thanks to First Seminole Bank for trusting me and my terrible credit. It look me 7 years to create my credit to 372, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Rickie has a disappointing current yearly income, but has a high number of prospects

Rickie has always wanted to be a physical therapist, but would have to attend Horry-Georgetown Technical College again to become one. Rickie has other prospects as well, including historic site administrator, educational psychologist, and ophthalmic laboratory technician, which pay $55,000 through to $90,000 per year, on average. Because of this, we think that Rickie can pay for this private loan of $48000.

Rickie’s Transunion score was changed by the private loan loan, changing to 354 from 372, which is typical in our experience.

Transunion Score: 354

Before applying for this private loan, Rickie had an Experian score of 383, which is terrible, so First Seminole Bank likely cannot provide Rickie a private loan

Experian Score: 383

Previous requests on Rickie’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$99340.00 10 7.1% $1158.55 NCNB National Bank of Florida August 24, 2010
$98510.00 6 11.7% $1910.56 Southeast Bank of Madison County, National Association February 9, 2013
$98670.00 6 6.2% $1644.58 Southeast Bank of Wildwood December 21, 2014
$99280.00 9 10.8% $1441.1 Atlantic Bank of Jacksonville May 13, 2015
$99110.00 10 10.5% $1337.34 Century National Bank of Broward May 27, 2015

Many past requests for credit have been made by Rickie in the past, including one from Landmark Savings Association in Lake Mary, Florida before Rickie was accepted for the $48000 by First Seminole Bank

Rickie made 5 previous tries to obtain a private loan, 2 of which were with Landmark Savings Association, a lender in Lake Mary, Florida known to specialize in private loans specifically. Before finding First Seminole Bank, Rickie was concerned due to their inexperience and terrible credit rating.

Client Profile: Rickie Vlahos of Lake Mary, Florida
  • Full name (Changed if requested): Rickie Vlahos
  • Current Credit: loans.hit.utils.Fico@4ccabbaa
  • Current City: Lake Mary
  • State: Florida
  • Zip code: 32749
  • Yearly income: $43,000
  • Current Job: craft artist
  • Current County: Seminole
  • Goal Yearly Income: $119,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Fast Loans for Rickie in Lake Mary, Florida to prevent bankruptcy or harm from debt collectors.

Fast loans in Lake Mary, Florida aren’t actually that difficult to obtain, especially if you have some gumption like Rickie. Rickie was able to find a fast loan for $48000 from First Bank of Crestview and Sun Bank and Trust Company, but declined both offers in favor of their private loan from First Seminole Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for installment loans. A big improvement if a client is on the go.

Contact Details for First Seminole Bank, the provider of this private loan

  • First Seminole Bank
  • City: Lake Mary
  • State: Florida
  • Address: 531 West Lake Mary Boulevard
  • County: Seminole
  • Zip code: 32746

Rickie was declined by Barnett Bank of Putnam County 4 times before being granted funding by First Seminole Bank at 531 West Lake Mary Boulevard

On March 25, 2013, Rickie inquired about borrowing $30,000 from Seacoast National Bank with Janett, their friend from just outside Lake Mary, and even with the co-signer, Rickie was rejected for this private loan. With terrible credit, it can be difficult to procure financing, even with collateral and a co-signer.

Debt Consolidation Can Assist Most Highly Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $36,000.00 to $53,000.00. They are normally used to pay off existing high interest loans like credit cards. Rickie needed a debt consolidation loan to pay for their existing private loan and their payday loan. Rickie was able to find a private loan in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which transfers your less desirable, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.7%.

When Rickie was 19, they tried to obtain a student loan from 7 alternate banks, which damaged their credit score. Below is a chronology of Rickie’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $31,000.00 on November 11, 2008
  • Attempt 2) Loan for $39,000.00 on June 12, 2011
  • Attempt 3) Loan for $32,000.00 on October 6, 2011
  • Attempt 4) Loan for $23,000.00 on February 28, 2010
  • Attempt 5) Loan for $30,000.00 on May 12, 2012
  • Attempt 6) Loan for $37,000.00 on December 18, 2012
  • Attempt 7) Loan for $25,000.00 on February 12, 2013

9 Months in the Past, Rickie Attempted Finding a High Risk Loan for $29,000.00, but They Didn’t Find What They were Expecting

There is an ongoing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Rickie. Rickie chose not to obtain a high risk loan this time. High Risk loans are given to very low credit individuals. Individuals with credit ratings as low as 459 can apply for a high risk loan and have a chance to be accepted.

Rickie’s Overall FICO score at the time of acceptance for a private loan, taking into account their craft artist job and their future career as a physical therapist

Fico Score: 372

Signature Loan acquired in Lake Mary, Florida for $48000 with terrible credit by Rickie

Many clients struggle with obtaining signature loans in Lake Mary, Florida, and Rickie is no exception. Rickie went to 8 lending institutions or more prior to finding First Seminole Bank, who offered Rickie a signature loan for $48000. Most signature loans simply require a client, like Rickie’s signature to obtain them, up to $25,000 in some cases. Rickie was able to get $48000 as a private loan, which is very high for a private loan. Because signature loans do not require collateral, they generally require higher credit, as high as 749

Personal Loan for a craft artist named Rickie in Lake Mary, Florida to Pay Off American Eagle Outfitters Inc. Credit Card

Rickie had a lot of credit card debt on their First State Bank Visa Business Platinum Card and their KeyBank Business MasterCard Credit Card, and they were starting to get in over their heads. Despite Rickie’s job as a craft artist, they struggled to make payments on the $28,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Conclusion of Rickie’s private loan

In the end, Rickie was able to find a private loan for $48000 with an interest rate of 10.1% interest APR from First Seminole Bank in Lake Mary, Florida repayable over 1 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.