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17 Month, Variable Interest Secured Loan For Carole In Florida

$128000 Secured Loan – Branford Florida, Credit Rating Of 502

  • Experian: 512 – They had a fair Experian score
  • Transunion: 487 – Carole had a fair credit score with Transunion.
  • Equifax: Carole’s Experian score was 502, which is a fair credit rating on the Experian scale.
Client Profile: Carole Criley of Branford, Florida
  • Full name (Changed if requested): Carole Criley
  • Current Credit: loans.hit.utils.Fico@6477463f
  • Current City: Branford
  • State: Florida
  • Zip code: 32015
  • Yearly income: $42,000
  • Current Job: painters
  • Current County: Suwannee
  • Goal Yearly Income: $100,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $3000

Carole has a low current total income, but has a high number of prospects

Carole has always wanted to be a water pollution control inspector, but would have to attend Salem State University again to achieve it. Carole has other possibilities as well, including education and training administrator, agricultural product sorter, and library technician, which pay $51,000 through to $99,000 per year, at least. Because of this, we believe that Carole can afford this secured loan of $128000.

Personal Loan for a painters named Carole in Branford, Florida to Pay Off NBT Bank Visa Business Bonus Rewards PLUS Card

Carole had a lot of credit card debt on their EmigrantDirect World MasterCard and their First Niagara Bank Business MasterCard, and they were starting to get in over their heads. Despite Carole’s job as a painters, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Signature Loan acquired in Branford, Florida for $128000 with fair credit by Carole

Many prospective borrowers struggle with finding signature loans in Branford, Florida, and Carole is the same. Carole went to 4 lenders or more before settling on Branford State Bank, who offered Carole a signature loan for $128000. Most signature loans simply need a client, like Carole’s signature to get them, up to $25,000 in some cases. Carole was able to get $128000 as a secured loan, which is very high for a secured loan. Because signature loans do not need collateral, these loans generally require improved credit, as high as 782

Many previous requests for credit have been made by Carole in the past, including one from Great River Bank & Trust in Branford, Florida before Carole was accepted for the $128000 by Branford State Bank

Carole made 5 previous tries to obtain a secured loan, 2 of which were with Great River Bank & Trust, a bank in Branford, Florida known to specialize in secured loans specifically. Before finding Branford State Bank, Carole was very concerned due to their inexperience and fair credit rating.

Carole’s Transunion score was changed by the secured loan loan, changing to 487 from 502, which is typical in our experience.

Transunion Score: 487

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

Fast loans in Branford, Florida aren’t actually that difficult to obtain, particularly if you have some finesse like Carole. Carole was able to find a fast loan for $128000 from SunTrust Bank, Tampa Bay and Sun Bank/South Central Florida, National Association, but declined both offers in favor of their secured loan from Branford State Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for personal loans. A big difference if you are on the go.

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

Most debt consolidation loans vary from $20,000.00 to $51,000.00. They are mainly used to pay off existing high interest loans like credit cards. Carole required a debt consolidation loan to pay for their existing secured loan and their loan shark loan. Carole was able to find a secured loan in the end. Debt consolidation, or simply consolidation, is a tactic in the debt snowball method which converts your less desirable, high interest loans to a single reduced interest loan. Debt consolidation loans usually have interest rates that are low, like 3.3%.

Installment loan for Carole, a graduate of Salem State University and a painters working for over $64,000 per year

Carole, an alumnus at Salem State University and a painters in Branford, Florida wants a secured loan to purchase a house. Carole has instead decided to obtain an installment loan for $25,000 and is at present seeking lenders like Florida Bank of Volusia County to provide it.

When Carole was 24, they tried to obtain a student loan from 6 alternate banks, which damaged their credit score. Below is a chronology of Carole’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on January 12, 2013
  • Attempt 2) Loan for $28,000.00 on October 16, 2009
  • Attempt 3) Loan for $37,000.00 on July 27, 2011
  • Attempt 4) Loan for $23,000.00 on November 26, 2010
  • Attempt 5) Loan for $33,000.00 on June 12, 2011
  • Attempt 6) Loan for $32,000.00 on June 22, 2011

9 Months in the Past, Carole Attempted Finding a High Risk Loan for $27,000.00, but They Didn’t Find What They were Expecting

There is an well known struggle for borrowers to get high risk loans in a non-harmful manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be physically harmful to borrowers like Carole. Carole decided not to get a high risk loan this time. High Risk loans are given to terrible credit individuals. Clients with credit scores as low as 503 can apply for a high risk loan and have a chance to be accepted.

Paraphrased and Standardized Quote from Carole for this secured loan of $128000, provided by Branford State Bank

Hello, I am Carole and I am from Branford in Florida. Suwannee, county is where I grew up, and now I need a secured loan in Florida for $128000 to pay bills. It has been difficult, but Branford State Bank really came through for me with this loan for 9.5% interest APR and a term of 17 years. I will repay the loan over the 17 year term, including interest. A big thanks to Branford State Bank for trusting me and my fair credit. It look me 6 years to create my credit to 502, and I won’t tarnish it any future. I’m happy with Find Texas Loans for assisting me this far.

Contact Details for Branford State Bank, the provider of this secured loan

  • Branford State Bank
  • City: Branford
  • State: Florida
  • Address: 814 Suwannee Avenue
  • County: Suwannee
  • Zip code: 32008

Carole’s Overall FICO score at the time of acceptance for a secured loan, taking into account their painters job and their future job as a water pollution control inspector

Fico Score: 502

Before applying for this secured loan, Carole had an Experian score of 512, which is fair, so Branford State Bank most likely cannot provide Carole a secured loan

Experian Score: 512

Carole was declined by Century National Bank of Broward 6 times prior to being granted funding by Branford State Bank at 814 Suwannee Avenue

On November 22, 2013, Carole inquired about borrowing $40,000 from Southern Exchange Bank with Demarcus, their friend from just outside Branford, and even with the co-signer, Carole was rejected for this secured loan. With fair credit, it can be very hard to procure financing, even with collateral and a co-signer.

Previous requests on Carole’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$121480.00 4 6.7% $2892.11 NCNB National Bank of Florida January 23, 2013
$120660.00 5 9.8% $2551.81 Southeast Bank of Madison County, National Association May 2, 2013
$120550.00 4 6.8% $2875.55 Southeast Bank of Wildwood April 2, 2014
$121170.00 7 7.4% $1852.56 Atlantic Bank of Jacksonville March 28, 2015

Conclusion of Carole’s secured loan

In the end, Carole was able to find a secured loan for $128000 with an interest rate of 6.5% interest APR from Branford State Bank in Branford, Florida repayable over 17 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.