After enduring the devastation of back-to-back hurricanes, a Suncoast Credit Union member found themselves in an overwhelming financial crisis. The storms not only caused extensive damage to their home and community but also resulted in the loss of their previously financed Harley-Davidson motorcycle, which was their primary mode of transportation. Faced with the urgent need for a replacement, the member had no choice but to secure a new motorcycle loan, which came with a 28.69% APR due to their 596 credit score.
Suncoast Credit Union stepped in as a financial lifeline. Understanding the member’s hardships, Suncoast went above and beyond traditional lending practices to offer a refinancing solution. By reducing the member’s APR from 28.69% to 13%, Suncoast lowered their monthly payment by $199.80 and provided long-term financial relief, helping them get back on their feet after disaster struck.
