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Signature Loan Of $141000 For Terrible Credit Florida Resident

$141000 Signature Loan – North Miami Beach Florida, Credit Rating Of 398

  • Experian: 411 – This individual had a terrible Experian rating
  • Transunion: 386 – Judson had a terrible credit rating with Transunion.
  • Equifax: Judson’s Experian score was 398, which is a terrible credit score on the Experian system.

Before applying for this signature loan, Judson had an Experian score of 411, which is terrible, so Oceanmark Bank, A FSB most likely cannot provide Judson a signature loan

Experian Score: 411

Installment loan for Judson, a graduate of International School of Skin and Nailcare and an air traffic controller working for over $77,000 per year

Judson, an alumnus at International School of Skin and Nailcare and an air traffic controller in North Miami Beach, Florida needs a signature loan to purchase a house. Judson has instead chosen to obtain an installment loan for $15,000 and is at present seeking lenders like The Huntington National Bank of Lakeland to provide it.

Fast Loans for Judson in North Miami Beach, Florida to prevent bankruptcy or bodily harm from debt collectors.

Fast loans in North Miami Beach, Florida aren’t actually that difficult to obtain, particularly if you have some gumption like Judson. Judson was able to find a fast loan for $141000 from The Huntington National Bank of Lakeland and Sun Bank/South Central Florida, National Association, but declined both offers in favor of their signature loan from Oceanmark Bank, A FSB. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 6 weeks for installment loans. Much better in the case that a borrower is on the go.

Judson has a sad current total income, but has several of prospects

Judson has always wanted to be a social worker, but would have to attend International School of Skin and Nailcare again to become one. Judson has other possibilities as well, including funds development administrator, non-retail sales supervisor, and brokerage clerk, which pay $57,000 through to $105,000 per year, on average. Because of this, we believe that Judson can afford this signature loan of $141000.

Contact Details for Oceanmark Bank, A FSB, the provider of this signature loan

  • Oceanmark Bank, A FSB
  • City: North Miami Beach
  • State: Florida
  • Address: 3845 N.E. 163rd St.
  • County: Miami-Dade
  • Zip code: 33160

Debt Consolidation Can Help Most Highly Indebted Borrower to Escape Bad Debts like Credit Card Debt

Average debt consolidation loans vary from $31,000.00 to $52,000.00. They are normally used to pay off existing high interest loans like credit cards. Judson required a debt consolidation loan to pay for their existing signature loan and their credit card. Judson was able to find a signature loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your dirty, catastrophically high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.7%.

Client Profile: Judson Nottage of North Miami Beach, Florida
  • Full name (Changed if requested): Judson Nottage
  • Current Credit: loans.hit.utils.Fico@108c4c35
  • Current City: North Miami Beach
  • State: Florida
  • Zip code: 33169
  • Yearly income: $35,000
  • Current Job: air traffic controller
  • Current County: Miami-Dade
  • Goal Yearly Income: $82,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $7000

Previous requests on Judson’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$87260.00 6 9.2% $1581.58 NCNB National Bank of Florida December 3, 2008
$87330.00 9 5.1% $1010.02 Southeast Bank of Madison County, National Association August 30, 2012
$87130.00 4 9.4% $2184.82 Southeast Bank of Wildwood September 5, 2012
$87280.00 9 7.5% $1113.78 Atlantic Bank of Jacksonville July 19, 2013

Judson’s Overall FICO score at the time of acceptance for a signature loan, taking into account their air traffic controller job and their future career as a social worker

Fico Score: 398

Personal Loan for an air traffic controller named Judson in North Miami Beach, Florida to Pay Off Amalgamated Bank MasterCard Standard

Judson had a lot of credit card debt on their Dollar Bank Valued Customer Visa and their First National Bank Platinum Edition Visa Card, and they were starting to get in over their heads. Despite Judson’s job as an air traffic controller, they struggled to make payments on the $24,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Multiple other requests for credit have been made by Judson in the past, including one from The Ephrata National Bank in North Miami Beach, Florida before Judson was accepted for the $141000 by Oceanmark Bank, A FSB

Judson made 5 prior attempts to obtain a signature loan, 2 of which were with The Ephrata National Bank, a lending institution in North Miami Beach, Florida known to specialize in signature loans specifically. Prior to finding Oceanmark Bank, A FSB, Judson was desperate due to their inexperience and terrible credit score.

Judson’s Transunion score was altered by the signature loan loan, changing to 386 from 398, which is typical in our experience.

Transunion Score: 386

When Judson was 24, they tried to obtain a student loan from 7 different banks, which harmed their credit score. Below is a chronology of Judson’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on October 19, 2010
  • Attempt 2) Loan for $36,000.00 on September 30, 2011
  • Attempt 3) Loan for $30,000.00 on March 20, 2013
  • Attempt 4) Loan for $39,000.00 on November 3, 2008
  • Attempt 5) Loan for $26,000.00 on January 24, 2013
  • Attempt 6) Loan for $24,000.00 on January 28, 2010
  • Attempt 7) Loan for $32,000.00 on November 30, 2010

Paraphrased and Standardized Quote from Judson for this signature loan of $141000, provided by Oceanmark Bank, A FSB

Hello, I am Judson and my hometown is North Miami Beach in Florida. Miami-Dade, county is where I grew up, and now I need a signature loan in Florida for $141000 to buy a car. It has been difficult, but Oceanmark Bank, A FSB really came through for me with this loan for 10.6% interest APR and a term of 16 years. I can repay the loan over the 16 year term, including interest. A big thanks to Oceanmark Bank, A FSB for giving me a chance and my terrible credit. It look me 6 years to create my credit to 398, and I won’t harm it any future. I am happy with Find Texas Loans for helping me this far.

Judson was rejected by Sun Bank and Trust Company 5 times prior to being approved by Oceanmark Bank, A FSB at 3845 N.E. 163rd St.

On December 29, 2013, Judson applied about borrowing $30,000 from Southeast Bank of Wildwood with Parker, their in law from just outside North Miami Beach, and even with the co-signer, Judson was rejected for this signature loan. With terrible credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

6 Months Ago, Judson Attempted to Find a High Risk Loan for $40,000.00, but They Didn’t Find What They were Expecting

There is an existing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Judson. Judson decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Clients with credit scores as low as 329 can apply for a high risk loan and possibly can be approved.

Signature Loan acquired in North Miami Beach, Florida for $141000 with terrible credit by Judson

Most prospective borrowers struggle with finding signature loans in North Miami Beach, Florida, and Judson is not an exception. Judson went to 7 lending institutions or more prior to settling on Oceanmark Bank, A FSB, who offered Judson a signature loan for $141000. Most signature loans simply need a client, like Judson’s signature to get them, up to $20,000 in some cases. Judson was able to get $141000 as a signature loan, which is very high for a signature loan. Because signature loans do not need a cosigner, these loans generally need better credit, as high as 783

Conclusion of Judson’s signature loan

In the end, Judson was able to find a signature loan for $141000 with an interest rate of 7.3% interest APR from Oceanmark Bank, A FSB in North Miami Beach, Florida repayable over 16 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.