$96000 High Risk Loan – Destin Florida, Credit Score Of 760
- Experian: 775 – This individual had an excellent Experian rating
- Transunion: 743 – Catharine had an excellent credit rating with Transunion.
- Equifax: Catharine’s Experian score was 760, which is an excellent credit score on the Experian scale.
Catharine was rejected by Century National Bank of Broward 5 times before being granted funding by First Florida Bank at 125 Main Street
On March 28, 2011, Catharine applied about borrowing $23,000 from Citizens Bank of Marianna with Mark, their in law from just outside Destin, and even with the co-signer, Catharine was rejected for this high risk loan. With excellent credit, it can be a challenge to procure funding, even with collateral and a co-signer.
When Catharine was 20, they tried to obtain a student loan from 5 alternate banks, which damaged their credit rating. Below is a list of Catharine’s prior attempts at finding a student loan:
- Attempt 1) Loan for $20,000.00 on October 25, 2012
- Attempt 2) Loan for $39,000.00 on June 20, 2013
- Attempt 3) Loan for $34,000.00 on June 6, 2009
- Attempt 4) Loan for $30,000.00 on October 17, 2009
- Attempt 5) Loan for $26,000.00 on October 30, 2012
Catharine’s Overall FICO score at the time of acceptance for a high risk loan, taking into account their marine architect job and their future job as an administrative law judge
Catharine’s Transunion score was altered by the high risk loan loan, changing to 743 from 760, which is normal in our experience.
Before applying for this high risk loan, Catharine had an Experian score of 775, which is excellent, so First Florida Bank probably cannot provide Catharine a high risk loan
Previous requests on Catharine’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$103320.00||3||9.3%||$3299.99||NCNB National Bank of Florida||September 30, 2011|
|$103140.00||11||10.3%||$1308.87||Southeast Bank of Madison County, National Association||February 23, 2014|
|$102840.00||8||7.1%||$1407.21||Southeast Bank of Wildwood||March 5, 2015|
|$103470.00||11||10.4%||$1318.96||Atlantic Bank of Jacksonville||July 20, 2015|
Personal Loan for a marine architect named Catharine in Destin, Florida to Pay Off Sunoco Rewards Card
Catharine had a tonne of credit card debt on their Arizona Diamondbacks BankAmericard Cash Rewards MasterCard and their Chicago Cubs BankAmericard Cash Rewards MasterCard, and they were starting to get in over their heads. Despite Catharine’s job as a marine architect, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
Debt Consolidation Will Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Average debt consolidation loans vary from $31,000.00 to $54,000.00. They are mainly used to pay off existing high interest loans like credit cards. Catharine required a debt consolidation loan to pay for their existing high risk loan and their payday loan. Catharine was able to find a high risk loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which converts your less desirable, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates that are low, like 3.2%.
Paraphrased and Standardized Quote from Catharine for this high risk loan of $96000, provided by First Florida Bank
Hi, I am Catharine and I am from Destin in Florida. Okaloosa, county is where I grew up, and now I need a high risk loan in Florida for $96000 to renovate my home. It has been difficult, but First Florida Bank really came through for me with this loan for 5.7% interest APR and a term of 19 years. I can repay the loan over the 19 year term, including interest. A big thanks to First Florida Bank for trusting me and my excellent credit. It look me 7 years to build my credit to 760, and I won’t harm it any more. I’m pleased with Find Texas Loans for helping me this far.
Contact Details for First Florida Bank, the provider of this high risk loan
- First Florida Bank
- City: Destin
- State: Florida
- Address: 125 Main Street
- County: Okaloosa
- Zip code: 32541
Signature Loan easily acquired in Destin, Florida for $96000 with excellent credit by Catharine
A lot of borrowers have difficulty with finding signature loans in Destin, Florida, and Catharine is not an exception. Catharine went to 5 lending institutions or more prior to finding First Florida Bank, who offered Catharine a signature loan for $96000. Most signature loans simply need a client, like Catharine’s signature to get them, up to $45,000 in some cases. Catharine was able to get $96000 as a high risk loan, which is very high for a high risk loan. Since signature loans do not need collateral, they tend to need better credit, as high as 786
Catharine has a low current total income, but has several of prospects
Catharine has always wanted to be an administrative law judge, but would have to attend Armstrong State University again to become one. Catharine has other possibilities as well, including hospital nurse, speech pathologist, and environmental science technician, which pay $53,000 through to $108,000 per year, at least. For this reason, we believe that Catharine can afford this high risk loan of $96000.
- Full name (Changed if requested): Catharine Dudak
- Current Credit: loans.hit.utils.Fico@4534b60d
- Current City: Destin
- State: Florida
- Zip code: 32543
- Yearly income: $35,000
- Current Job: marine architect
- Current County: Okaloosa
- Goal Yearly Income: $126,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000
Fast Loans for Catharine in Destin, Florida to prevent bankruptcy or broken legs from debt collectors.
Fast loans in Destin, Florida aren’t actually that difficult to obtain, especially if you have some gumption like Catharine. Catharine was able to find a fast loan for $96000 from Seacoast National Bank and The Perkins State Bank, but turned down both offers in favor of their high risk loan from First Florida Bank. 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 7 weeks for personal loans. Much better in the case that a borrower is in a pinch.
Installment loan for Catharine, a graduate of Armstrong State University and a marine architect working for over $66,000 per year
Catharine, an alumnus at Armstrong State University and a marine architect in Destin, Florida needs a high risk loan to purchase a house. Catharine has instead decided to obtain an installment loan for $2,000 and is at present seeking lenders like The First Bankers of Polk County to process their request.
9 Months Ago, Catharine Attempted Finding a High Risk Loan for $37,000.00, and it was Easy
It is an ongoing struggle for clients to get high risk loans in a non-harmful way. a lot of high risk loans end up originating loan sharks or the like, which can be frightening to borrowers like Catharine. Catharine chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to terrible credit clients. Individuals with credit scores as low as 314 can apply for a high risk loan and have a chance to be accepted.
Many other requests for credit have been made by Catharine in the past, including one from CornerstoneBank in Destin, Florida before Catharine was approved for the $96000 by First Florida Bank
Catharine made 9 prior attempts to obtain a high risk loan, 2 of which were with CornerstoneBank, a bank in Destin, Florida known to specialize in high risk loans specifically. Prior to finding First Florida Bank, Catharine was desperate due to their inexperience and excellent credit rating.
Conclusion of Catharine’s high risk loan
In the end, Catharine was able to find a high risk loan for $96000 with an interest rate of 5.5% interest APR from First Florida Bank in Destin, Florida repayable over 19 years from now.