Fair to Bad Credit Loans in FL

We Find Lenders Who Lend To Bad Credit Borrowers

We Find Lenders Inc. Fair To Bad Credit Loans Logo

Home > How To Apply > Florida

Last updated on August 20, 2018

Commentary is for informational purposes only. See legal disclaimers here.

Daily Florida Borrower Credit Scores

Last 10 borrowers applying for a loan out of Florida had the following credit scores. Source: WFL Lender Pool. Updated daily. FICO scores based on avg. from Transunion, Experian, and Equifax.

503 625 469 667 668 596 611 617 609 600

Florida APR Reports (?)
Enter zip and your 3 digit credit score.

Florida Usury and Regulations

Summary of Florida Usury Law(s) / Quote: Legal: 10% Contract: 18% and above $500K @ 25% Judgment: 6% Corporate: No ceiling

(WeFindLenders.com endeavors to include the most up to date legal data for Florida, but no guarantee or warranty of any kind is expressed or implied as to the accuracy of said data. This data is not intended to be legal advice. For legal help speak with a lawyer in Florida, and/or contact the Florida State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits)

Florida Usury Law Snippets Of Interest;

These snippets of interest are from the Florida State Legislature website on the Statute §687 and §516.031 page:

Snippet 1.) Quote: "§687.02(1) contracts for the payment of interest upon any loan, advance of money, line of credit, or forbearance to enforce the collection of any debt, or upon any obligation whatever, at a higher rate of interest than the equivalent of 18 percent per annum simple interest are hereby declared usurious"

Snippet 2.) Quote: "§516.031 (1) A licensee may lend any sum of money up to $25,000. A licensee may not take a security interest secured by land on any loan less than $1,000. The licensee may charge, contract for, and receive thereon interest charges as provided and authorized by this section. The maximum interest rate shall be 30 percent per annum, computed on the first $3,000 of the principal amount; 24 percent per annum on that part of the principal amount exceeding $3,000 and up to $4,000; and 18 percent per annum on that part of the principal amount exceeding $4,000 and up to $25,000"

Florida Lenders By City

Miami FL / Jacksonville FL / Tampa FL / Pensacola FL / Gainesville FL / Saint Petersburg FL / Orlando FL / Tallahassee FL / Panama City FL / Daytona Beach FL / Sarasota FL / Lakeland FL / Fort Lauderdale FL / Hialeah FL / Port St. Lucie FL / Cape Coral FL / Pembroke Pines FL / Coral Springs FL / Clearwater FL / Miami Gardens FL - See all Florida personal loan volume data.

Complaints to:

Florida Office of Financial Regulation Division of Consumer Finance / Mailing Address: Florida Office of Financial Regulation / 200 E. Gaines Street, Tallahassee, FL 32399 / Physical Address: Florida Office of Financial Regulation / 101 E. Gaines Street Tallahassee, FL 32399 Phone: 850.487.9687 / Online complaint process

Florida Lender Service Areas Map

Florida Bad Credit Lenders Map - Initial Static Image

Click or tap map image above for interactive version.
Lenders
contact us for listing removal or amendment.


Bad Credit Loan Form for Florida

Fast Loan Pre-App Method
Accessing Bad Credit Lender Pool (?)

Learn about GAP (Gift Angel Program)

 

$10000 Bad Credit Loan in Florida

Ron had a really tough year. First the last hurricane that passed through the area wiped out his house and flooded his out buildings, wrecked his car and destroyed all of his personal belongings.

Then he lost his job because the company he worked for had to go out of business. All of their buildings and products along with equipment were ruined and they just could not recover from all of the damage and the losses.

Fortunately, he was able to find another job working as part of the recovery and repair teams in the area. Although there has been lots of damage and families losing everything, there is lots of work for those people who are able and want to work.

Ron has acquired an entire new set of skills in home repair and renovation work which will help him continue working in the many years to come.

Ron also needs to also work on his financial situation. He lost everything, and although he had some insurance coverage, there is still a great deal of expense that he has to cover. He was out of work for a few weeks, missed some payments and his credit rating nose dived.

He needs to find a loan to help complete rebuilding of his home. The insurance money is almost all gone and he needs another $10,000 to finish off the house to a point where he can live in it again.

A $10000 bad credit loan with a five-year term and 11% interest rate for Ron could cost him the following per month:

• Loan Amount (principal) = $10000
• Interest Rate = 11%
• Term Length = 5 year
• Monthly Payment = $217.42
• Total Paid Back = $13045.45
• Total Interest = $3045.45

Ron is working more than ten hours a day. There is just so much work out there and he can work as many hours as he wants. He also knows that he needs the money as well and is trying to make as much as he can to recover from the losses caused by the hurricane.

With this loan, Ron, can finish dry walling the inside of the house and complete all of the flooring. Once this work is completed, he can move in and will need to purchase furniture. There has been lots of help from neighbors and local companies as well.

Although Ron could actually use a larger loan, he wants to keep it as small as he can to avoid going too far into debt. He is also paying for a car loan and a mortgage on the property, even though the home was destroyed.

Ron is one of the lucky ones. Although he needs to borrow money to complete his house, he did have insurance coverage for the car and his home. With this money he was able to recover fairly well.

He also found and learned new skills that will help him a great deal in the future. Although he is still recovering from all of the damage to his home and finances, the future is looking bright for Ron.

If you live in the State of Florida and you're struggling with a bad credit rating we hope our website helps you in some way.

Sincerely,

Andy Somerset

Andy Somerset is the son of Lance Somerset who founded the We Find Lenders Pool. He writes for WeFindLenders.com whenever he's not working hard on his degree in finance.

Debt Consolidation Loans In Florida

Last 5 debt service loans approved in the State of Florida. Source: WFL Lender Pool. Updated daily. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right.

$5000 $80000 $100000 $40000 $9500

11.00% 8.14% 10.87% 14.63% 7.14%

Debt Consolidation Providers In FL

Note to debt service providers: contact us for listing removal.

Jax Federal Credit Union
562 Park St, Jacksonville, FL 32204
www.jaxfcu.org
904.475.8000

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Synovus Bank
1326 Prudential Dr, Jacksonville, FL 32207
www.synovus.com
904.641.6756

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

South Florida Federal Credit Union
1902 NW 14th Ave, Miami, FL 33125
www.southfloridafcu.com
305.545.0744

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Apollo Bank
1150 S Miami Ave, Miami, FL 33130
www.apollobank.com
305.398.9000

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Suncoast Credit Union
950 W Fletcher Ave, Tampa, FL 33612
www.suncoastcreditunion.com
800.999.5887

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

The Bank of Tampa
601 Bayshore Blvd #100, Tampa, FL 33606
www.bankoftampa.com
813.872.1216

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Orlando Federal Credit Union
400 Orange Ave, Orlando, FL 32801
www.orlandofcu.org
407.835.3500

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Axiom Bank
715 S Goldwyn Ave, Orlando, FL 32805
www.axiombanking.com
407.732.5661

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Flag Credit Union
3115 Conner Blvd, Tallahassee, FL 32311
www.flagcu.com
850.488.6781

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Sunshine Savings Bank
1400 E Park Ave, Tallahassee, FL 32301
www.banksunshine.com
850.219.7200

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

FL Debt Consolidation Application Form

Florida Application Form
Bad Credit Debt Consolidation Loans (?)
 

About Debt Consolidation Loans In FL

You can see in the list above that most of the providers help with counseling and debt relief services. On our Florida city pages you will find more providers who specifically provide debt consolidation loans. Keep in mind that many companies who advertise debt consolidation are not really doing so - they're providing debt relief which is completely different.

With debt relief you are negotiating with creditors in an effort to reduce the principal you are actually paying back. With a true debt consolidation you are borrowing enough money to pay off all your creditors in one shot.

Florida Debt Service Area Map

Florida Debt Consolidation Loan Providers - Initial Static Image

Click or tap map image above for interactive version.
Lenders
contact us for listing removal or amendment.


Consolidation Loan Example In Florida

$10000 dollars is a relatively small debt consolidation loan. Some banks and/or credit unions won't even approve loan for less a specified amount higher than that.

The reason is profit. Lending institutions know they can't really make a lot of profit from small loans, and certainly not short term loans. They would rather grant loans for at least 3 years and for larger amounts of money. This way they get "more bang for the buck". They don't want to use up valuable staff time on an entire loan process when they're only making a few hundred dollar in interest.

Therefore, a popular consolidation loan request for $5000 - $10000 is often hard to come by. This is where our lender pool comes in handy. In our network we have private lenders who will approve consolidation loans for these lower principal amounts. Their interest rate charges all vary, so you should look closely at their loan agreements and contracts before entering into another debtor situation. You don't want to get stung with any "fine print" down the road (e.g. - balloon payments).

We've never heard of a lender in our pool using sneaky tactics like this, but you should always double check any loan agreement you're considering.

In this user example Donna wanted a consolidation loan for $10000 to pay off her Visa card, Mastercard, and some other short term loans she hadn't been able to pay back.

She owed Visa approximately $4000, Mastercard $2500, and a few relatives close to $3500. We rounded all her debts to the nearest $500 for the purposes of her example.

Donna's financial situation really wasn't all that bad, and her credit score wasn't damaged to the extent she was going to be paying a really high interest rate. She just wanted to clean things up and get a new start.

She only had one blemish on her credit rating at the time of this application. She had bought a dress from a department store for a wedding. She didn't have enough room on her credit cards to buy the dress, so she chose to use the department store card.

The problem with this scenario is people often forget about this extra credit card. Even worse is when they move to a new location and don't get their mail forwarded. This is the perfect storm for a person's credit rating.

They're not receiving the balance statements and the final notice statements. When they should have been dealing with the matter, they're oblivious to the damage that's being done to their credit.

In Donna's case she just happened to remember the debt she had with the department store in Orlando. She called them up and paid them off as soon as she remembered, but she was 3 months in default.

She used our service to find a private lender in Orlando. She borrowed $10000 over a 2 year period. This was a 100% unsecured loan approval based on her steady employment at a nearby hospital. Below is the raw calculation that doesn't take into account possible extra fees from the lender.

Principal = $10000
Interest Rate = 8.56%
Term Length = 2 years
Monthly Payment = $454.83
Total Paid Back = $10915.95
Total Interest paid out = $915.95

If you live in the State of Florida and you're trying to get approved for a debt consolidation loan, we hope our website helps you find a good lender and a low interest rate.

Sincerely,

Andy Somerset

Andy Somerset is the son of Lance Somerset who founded the We Find Lenders Pool. He writes for WeFindLenders.com whenever he's not working hard on his degree in finance.

Credit Counseling Services In Florida

Consumer Credit Counseling Services
1301 W Eau Gallie Blvd, Melbourne, FL 32935
www.consumercredit.com
321.255.9115

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Debt Management Credit Counseling Corp
3310 N Federal Hwy, Lighthouse Point, FL 33064
www.dmcconline.org
954.418.1466

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Clearpoint Credit Counseling Solutions
7200 Corporate Center Dr Ste 200, Miami, FL 33126
www.clearpoint.org
305.592.9298

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

WFL Loan Product Menu

  • Bad credit scores below FICO 650
  • 200+ lenders review your pre-application(s)
  • Applying does not worsen your credit score
  • Interest rates starting as low as 9% (cs)
  • Collateral not always required
  • Funding between 24 hours and 5 days
  • Terms from 6 months to 10 years
  • Borrow between $500 and $50,000
  • Loans for people with 650+ credit scores
  • 500+ lenders can review your application
  • Interest rates starting as low as 7% (cs)
  • Fast approvals and fast funding
  • Line of credit approvals with reasonable APR
  • Borrow between $500 and $150,000
  • Lenders who provide bad credit consolidation
  • Debt settlement or debt relief services
  • 300+ lenders can review your application
  • Interest rates starting as low as 7% (cs)
  • Seamless approval and funding process
  • Debt relief counseling available
  • Borrow form $5000 - $150,000

 

Loan Calculator / Estimation Only

- - - - - - - - - - - - - - - - - - - - - Enter
  Loan Amount
  Interest rate
  Term In Yrs
- - - - - - - - - - - - - - - - - - - - - Results
  Mo. Payment
  $$ To Lender
  $$ of Interest

 

Important Information

FAQ / Privacy / Terms / Contact / Site Map

Disclaimer / Security / FICO Impact / Credits

About the WFL Lender Pool / Our Team

Ad Disclosure / APR & Fees / Collection

Default Implications / Service Areas

 

Back to Top

©2018 We Find Lenders Inc. All Rights Reserved