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Fair Credit Applicant Dayshaun Gets Personal Loan For $120000

Dayshaun is a resident of Longwood, Florida and has credit cards with maxed out balances. Dayshaun owes $39,000 on her Shell Drive for Five Card and Riverview Community Bank Visa Business Bonus Rewards Card and is looking for a debt consolidation loan for $120,000 to clear off all of the outstanding debt. Dayshaun's primary credit card is University of Utah Alumni Association Platinum Plus MasterCard with WorldPoints Rewards, and they've got $30,000 on it as of April 16, 2011. Dayshaun has some outstanding student loans to repay along with her University of Utah Alumni Association Platinum Plus MasterCard with WorldPoints Rewards is with debt consolidation.

Dayshaun is a market research analyst in Longwood, Florida who needs the $120000 either as a personal loan, debt consolidation loan or home equity loan. Her partner Marin has been adding to the spending on her Scotiabank Personal Credit Cards and her Community Alliance Credit Union Visa Platinum Preferred Premium. That debt was over $32,000, and Dayshaun only earns $66,000 per year after tax. They are just making the minimum payment on all of this debt and a debt consolidation loan would help them clear of the debt along with the interest expense.

Debt Consolidation Loan Options

Home Equity Loan and Home Equity Line of Credit Options

Dayshaun attempted to obtain a personal loan for $15,000.00 last year but was declined

Principle of LoanLength of Term (Years)Interest Rate (APR)Monthly Installment PaymentLending Institution
$15420.00 4 7.1% $369.97 NCNB National Bank of Florida
$14830.00 9 9.6% $205.59 Barnett Bank of Putnam County
$15460.00 4 11.5% $403.34 First Bank of Crestview
$14780.00 9 10.3% $210.49 Atlantic Bank of Jacksonville
$14770.00 9 11.4% $219.3 The First Bankers of Polk County
$14540.00 9 6.7% $179.64 The Perkins State Bank
$14890.00 9 9.2% $203.24 The First Bankers of Polk County

Dayshaun has a personal loan from before of $13,000 provided by NCNB National Bank of Florida from 54 months ago

Starting Interest Rate (APR)Remaining principleLender nameLender cityLender StateLoan Obtained
7.7% APR $8027.13 outstanding NCNB National Bank of Florida Live Oak Florida 49 months ago
9.4% APR $10867.72 outstanding Southeast Bank of Madison County, National Association Madison Florida 49 months ago
9.4% APR $11638.05 outstanding Southeast Bank of Wildwood Wildwood Florida 45 months ago

Personal loan for $120000 in Florida near 32750

Searching for loans frequently can impact borrowers credit scores. When accepted, clients undergo alterations to their credit. Dayshaun experienced many changes to their credit over the course of the approval of this $120000 personal loan. Dayshaun had an original credit score of 633.

  • When it comes to Fico, Dayshaun possessed an initial credit score of 633, and so Dayshaun has a fair credit rating
  • On the Transunion rating system, Dayshaun had a 620 credit score, a fair credit rating
  • On the Experian system, Dayshaun had a 649 credit score, a fair credit score

Dayshaun got accepted by Regions Bank, National Association despite their fair credit rating. Here are their relevant information

  • Regions Bank, National Association
  • Street Address: 425 U.S. Highway 17-92, South
  • Branch city: Longwood
  • Branch state: Florida
  • Branch zip code: 32750

On the Fico scale, Dayshaun has a fair credit rating of 633

Fico Score: 633

Using the Transunion scale, Dayshaun has a fair credit score of 620. This score impacts how lenders will view them, and thus, the interest rate of their loan

Transunion Score: 620

With the Experian scale, Dayshaun has a fair credit score of 649, which will have altered their loan APR

Experian Score: 649

Fico credit ratings are impacted due to obtaining financing. 

Striving for capital several times within a small amount of time will reduce a person's credit rating. In the case of Dayshaun, Fico decreased from 633 to 607.

My experience with the Regions Bank, National Association U.S. Highway 17-92, South:
They told me that they were happy to provide financing if we used the equity in our home for security. We decided to take a home equity line of credit instead of a debt consolidation loan.  The APR of 3.91% was set based primarily on Experian credit rating. The loan amount was $120000 based on the $350,000 in equity we had in our home. This is a big setback for us and we will do everything we can to stop the out of control spending that got us to this position. 

Starting Loan Request From Dayshaun For This Personal Loan

I need a personal loan or debt consolidation loan for at least $120000 to pay off credit cards and student loans. I will work with a bank, credit union or online lenders, we need to clear this up, it's killing us. 

Client Details: Dayshaun
  • Client name: Dayshaun 
  • County: Seminole
  • Home State: Florida
  • Current zip code: 32754
  • Current income: Undisclosed
  • Profession: market research analyst
  • Credit Card Debt: $9000 on their University of Utah Alumni Association Platinum Plus MasterCard with WorldPoints Rewards

Debt Settlement

Debt Settlement Is One Way To Get Rid Of Your Missed Payment Concerns. Debt Settlement Aids In Paying Back Banks And Prevents Creditors From Sending Your Account To A Collection Agency. Debt Settlement Companies Will Figure Out Your Financial Position And Advise On A Affordable Payment Plan. Debt Negotiation Allows You To Pay Less Than What Is Owed, But Will Drastically Reduce Your Credit Score. 

Dayshaun, Inquired About Credit Rebuilding

Dayshaun have difficulties managing their finances. They contacted Novita to start working with a program that helps them develop better spending habits. 

While the situations highlighted are accurate, the names and some cities have been changed for privacy. We would appreciate your thoughts regarding our website. Please do not give America Loan Service your last name and try to keep the information in your testimonial quite general. It is the overall topic that others relate with and we appreciate your comments. When you send your comments, they will be reviewed within 24 hours and you will be notified if they are published.

Past Applications

Application from: Aubry**

City: Ochelata
State: OK - Oklahoma
Credit Rating (FICO): 534
Profession: Disabled Veteran
Amount Requested: $20000
Age: 32
Current Debt: 54000
Yearly Income: 35000
Zip Code: 74051

Message:

Hi Aubry,

We will email you today with a few ideas. With your credit score at 534 and debt of $54,000.00 you will need a good debt consolidation plan to get a loan for $20,000.00


Reply to: Aubry**


Application from: ALI T**

City: ROANOKE
State: VA
Credit Rating (FICO): 520
Profession: Profession not given
Amount Requested: $18000
Age: 43
Current Debt: 20000
Yearly Income: 46000
Zip Code: 24018

Message:

Hi Ali,

We sent you a few options and if you were unable to get what you were looking for you will need to repair your credit before you can get a loan. Take a look on our site at debt consolidation and debt settlement. You may need to contact them for some help to repair your credit.

Good luck Ali.


Reply to: ALI T**


Application from: Mitchell D

City: Mankato
State: Minnesota
Credit Rating (FICO): 533
Profession: Pharmacy Technician
Amount Requested: $2500
Age: 20
Current Debt: 2000
Yearly Income: 20000
Zip Code: 56001

Message:

I have some bills to pay asap due by Wednesday February 3rd and if I don't pay it, my whole house I'm renting with 4 others will get evicted

Hi Mitch,

We sent this to two lenders for you. Your Fico score is low but your profession was the factor that may help. America Loan Service is not a lender. America Loan Service has no influence on the lenders decisions and the financial relationship will be between you and the institution providing the loan. We will forward your information onto the lender we feel best suits your requirements. They will contact you directly via email if they are able to help you based on the criteria you have provided. Wishing you success in finding what you are looking for. Best wishes America Loan Service team


Reply to: Mitchell D


Application from: Martin M.

City: Wilmington
State: Ca
Credit Rating (FICO): 524
Profession: Assistant manager
Amount Requested: $6000
Age: 23
Current Debt: $5500 total
Yearly Income: 32000
Zip Code: 90744

Message:

I'm stuck in a bad situation I borrowed money from a couple of coworkers and I'm not able to pay it all back at once and they need their money soon

Hi Martin,

We will forward this on for you, good Luck. We have a very good lender that fits the amount of capital you require with a Fico score of 524, the amount of debt you currently hold and your job position. America Loan Service is not a lender. America Loan Service has no influence on the lenders decisions and the financial relationship will be between you and the institution providing the loan. We will forward your information onto the lender we feel best suits your requirements. They will contact you directly via email if they are able to help you based on the criteria you have provided. Wishing you success in finding what you are looking for. Best wishes America Loan Service team


Reply to: Martin M.


Application from: TERRI G

City: BOSSIER CITY
State: LOUISIANA
Credit Rating (FICO): 680
Profession: SOCIAL WORKER/ADDICTION COUNSELOR
Amount Requested: $120000.00
Age: 53
Current Debt: PERSONAL LOANS, CREDIT CARDS
Yearly Income: 49000.00
Zip Code: 71112

Message:

APPLYING FOR A PERSONAL LOAN

Hi Terri, We do not have a lender today that is able to do a $120,000.00 personal loan. Once we do, we will forward on your request. America Loan Service is not a lender. America Loan Service has no influence on the lenders decisions and the financial relationship will be between you and the institution providing the loan. Wishing you success in finding what you are looking for. Regards,

America Loan Service team


Reply to: TERRI G


Application from: Alton J.**

City: Plattenville
State: LA
Credit Rating (FICO): 589
Profession: Welder
Amount Requested: $12000
Age: 47
Current Debt: Car loan /mortgage
Yearly Income: 70000
Zip Code: 70393

Message:

Hi There,

We will forward on your request to a lender that may assist you. America Loan Service is not a lender.

All the best

America Loan Service


Reply to: Alton J.**


Application from: Michael Lopez

City: Tucson
State: Arizona
Credit Rating (FICO): 520
Profession: Technician
Amount Requested: $7500
Age: 36
Current Debt: 7000
Yearly Income: 32000
Zip Code: 85705

Message:Hello...I'm just trying to get my life back together after loosing everything almost three years ago. I just need someone to give me a chance. I'm a single father of two who wants to pay off his bills, pick up his credit score so that I may be able to buy a house one day for my kids...All i need is help..

Reply to: Michael Lopez


Application from: Melissa*

City: Miami
State: Florida
Credit Rating (FICO): 539
Profession: Accounting
Amount Requested: $
Age: 34
Current Debt: 12,000
Yearly Income: Income Not Specified
Zip Code: 33166

Message:My credit history & score were in great condition up until 2016. Fallen into a financial hardship just for 1 year has really put me in a bad place. I am trying to pay off some of my debts so my credit can get better. I make decent money and can afford to pay back 1 loan up to $300 per month, but to try to pay off 6-7 different lenders (which is currently making my debt) it is hard for me to set up monthly plans because they all want a certain amount to begin a payback program. I am a good hard worker and never had this issue in the past. It's terrifying that at 34 years old, only having 1 year of bad credit has caused me to not be able to get a loan. >Hi Mellisa, You are not alone out there. We hear this story daily and its so true, a few simple mistakes and your credit score can really take a hit. Once you get below 580, it is really difficult to find a lender that will look at you. You mentioned that you make fairly good money and your debt is at $12,000.00, are you able to set up auto payments to your creditors in the minimum amounts until you find another room mate or another way to lower your monthly costs? We sent you a few options by email. Once you get to this point, all of the options are difficult.

Reply to: Melissa*


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