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Personal Loan For $88000 Near 29560, South Carolina With A Credit Score Of 617

$88000 Personal Loan – Lake City South Carolina, Credit Rating Of 617

  • Experian: 628 – This client had a good Experian score
  • Transunion: 603 – Yee had a good credit score with Transunion.
  • Equifax: Yee’s Experian score was 617, which is a good credit rating on the Experian rating scheme.
Client Profile: Yee Beardall of Lake City, South Carolina
  • Full name (Changed if requested): Yee Beardall
  • Current Credit: loans.hit.utils.Fico@34c45dca
  • Current City: Lake City
  • State: South Carolina
  • Zip code: 29561
  • Yearly income: $59,000
  • Current Job: set designer
  • Current County: Florence
  • Goal Yearly Income: $88,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Installment loan for Yee, a graduate of Memorial Hermann Hospital/Memorial Hermann Children’s Hospital and a set designer working for over $79,000 per year

Yee, an alumnus at Memorial Hermann Hospital/Memorial Hermann Children’s Hospital and a set designer in Lake City, South Carolina wants a personal loan to purchase a new cell phone. Yee has instead chosen to obtain an installment loan for $23,000 and is at present seeking lenders like American Bank & Trust to provide it.

Signature Loan found in Lake City, South Carolina for $88000 with good credit by Yee

A lot of clients have difficulty with obtaining signature loans in Lake City, South Carolina, and Yee is not an exception. Yee went to 7 lending institutions or more prior to settling on Patriot Federal Savings and Loan Association, who offered Yee a signature loan for $88000. Most signature loans simply need a client, like Yee’s signature to obtain them, up to $43,000 in some cases. Yee was able to get $88000 as a personal loan, which is very high for a personal loan. Since signature loans do not need collateral, they generally need higher credit, as high as 793

Several previous requests for credit have been made by Yee in the past, including one from Cheaha Bank in Lake City, South Carolina before Yee was approved for the $88000 by Patriot Federal Savings and Loan Association

Yee made 9 previous tries to obtain a personal loan, 2 of which were with Cheaha Bank, a lending institution in Lake City, South Carolina known to specialize in personal loans specifically. Before finding Patriot Federal Savings and Loan Association, Yee was concerned due to their inexperience and good credit rating.

Yee’s Transunion score was altered by the personal loan loan, changing to 603 from 617, which is normal in our experience.

Transunion Score: 603

Yee was declined by Countybank 5 times prior to being granted funding by Patriot Federal Savings and Loan Association at 266 W Main St

On November 23, 2010, Yee applied about borrowing $19,000 from The Community Bank of South Carolina with Weston, their in law from just outside Lake City, and even with the co-signer, Yee was rejected for this personal loan. With good credit, it can be very hard to procure funding, even with collateral and a co-signer.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Most debt consolidation loans range from $39,000.00 to $58,000.00. They are mainly used to pay off existing high interest loans like credit cards. Yee required a debt consolidation loan to pay for their existing personal loan and their loan shark loan. Yee was able to find a personal loan in the end. Debt consolidation, or just consolidation, is a technique in the strategic borrowing method which transfers your less desirable, high interest loans to one reduced interest loan. Debt consolidation loans usually have interest rates as low as 3.7%.

Previous requests on Yee’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$57730.00 7 9.6% $946.5 The Peoples Bank December 6, 2011
$58110.00 10 10.3% $777.61 The Commercial Bank July 14, 2012
$58290.00 6 10.7% $1100.56 The Bank of Hartsville January 18, 2014
$58310.00 7 7.5% $894.37 Farmers and Merchants Bank of South Carolina May 24, 2014
$58250.00 5 7.2% $1158.92 The Security Bank June 21, 2014

Yee has a low current total income, but has several of prospects

Yee has always wanted to be an atmospheric and space scientist, but would need attend Memorial Hermann Hospital/Memorial Hermann Children’s Hospital again to achieve it. Yee has other prospects as well, including probation officer, budget accountant, and soil engineer, which pay $56,000 through to $92,000 per year, on average. Because of this, we believe that Yee can pay for this personal loan of $88000.

9 Months Ago, Yee Tried Finding a High Risk Loan for $23,000.00, and it was Easy

It is an ongoing struggle for borrowers to find high risk loans in a non-harmful manner. Many high risk loans end up coming from loan sharks or the like, which can be frightening to borrowers like Yee. Yee chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to bad credit clients. Borrowers with credit scores as low as 402 can apply for a high risk loan and may be be approved.

Personal Loan for a set designer named Yee in Lake City, South Carolina to Pay Off Peebles Credit Card

Yee had a tonne of credit card debt on their Signature RBC Rewards Visa and their Bank of Albuquerque Credit Cards, and they were starting to get in over their heads. Despite Yee’s job as a set designer, they struggled to make payments on the $21,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Yee for this personal loan of $88000, provided by Patriot Federal Savings and Loan Association

Hi, I am Yee and I’m from Lake City in South Carolina. Florence, county is where I grew up, and now I need a personal loan in South Carolina for $88000 to buy a big ticket item. It wasn’t easy, but Patriot Federal Savings and Loan Association really came through for me with this loan for 9.0% interest APR and a term of 19 years. I can repay the loan over the 19 year term, including interest. A big thanks to Patriot Federal Savings and Loan Association for trusting me and my good credit. It look me 9 years to build my credit to 617, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

When Yee was 24, they tried to obtain a student loan from 4 different banks, which damaged their credit score. Below is a chronology of Yee’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on November 13, 2008
  • Attempt 2) Loan for $27,000.00 on May 10, 2012
  • Attempt 3) Loan for $32,000.00 on August 31, 2009
  • Attempt 4) Loan for $23,000.00 on April 20, 2012

Fast Loans for Yee in Lake City, South Carolina to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Lake City, South Carolina aren’t actually that difficult to obtain, especially if you have some gumption like Yee. Yee was able to find a fast loan for $88000 from The Farmers & Merchants Bank and United Carolina Bank of South Carolina, but turned down both offers in favor of their personal loan from Patriot Federal Savings and Loan Association. The difference 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 in the case that you are in a time sensitive situation.

Contact Details for Patriot Federal Savings and Loan Association, the provider of this personal loan

  • Patriot Federal Savings and Loan Association
  • City: Lake City
  • State: South Carolina
  • Address: 266 W Main St
  • County: Florence
  • Zip code: 29560

Before applying for this personal loan, Yee had an Experian score of 628, which is good, so Patriot Federal Savings and Loan Association probably cannot provide Yee a personal loan

Experian Score: 628

Yee’s Overall FICO score at the time of acceptance for a personal loan, taking into account their set designer job and their future career as an atmospheric and space scientist

Fico Score: 617

Conclusion of Yee’s personal loan

In the end, Yee was able to find a personal loan for $88000 with an interest rate of 7.2% interest APR from Patriot Federal Savings and Loan Association in Lake City, South Carolina repayable over 19 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.