Fair Credit Lenders in Long Beach
CA
Lenders can contact
us for listing removal.
LBS Financial Credit Union
4341 E 10th St, Long Beach, CA 90804
www.lbsfcu.org
562.598.9007
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Long Beach Firemen's Credit Union
2245 Argonne Ave, Long Beach, CA 90815
www.lbfcu.org
562.597.0351
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SchoolsFirst Federal Credit Union
4725 E 2nd St, Long Beach, CA 90803
www.schoolsfirstfcu.org
800.462.8328
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Remove
lantic Ave, Long Beach, CA 90806
www.ahfcu.org
562.933.0370
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Orange County's Credit Union
1802 Ximeno Ave, Long Beach, CA 90815
www.orangecountyscu.org
888.354.6228
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Long Beach City Employees FCU
2801 Temple Ave, Signal Hill, CA 90755
www.lbcefcu.org
562.595.4725
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Farmers & Merchants Bank
4545 California Ave, Long Beach, CA 90807
www.fmb.com
562.984.3600
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TNL Car Title Loans
225 W 3rd St, Long Beach, CA 90802
www.thenetlender.com
562.276.2528
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Long Beach Auto Title Loans
4510 Pacific Coast Hwy #407, Long Beach, CA 90804
www.autotitleloanslongbeach.org
562.392.8693
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Fast Money Car Title Loans
3451 Cherry Ave, Long Beach, CA 90807
www.ineedafastmoneyloan.com
877.594.4025
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Bad Credit
Loan Form for Long Beach
Long Beach CA Lender Service Area
Map
Tap
image for larger interactive map.
Long Beach
5x5 Loan App Volume
Top 5 list of neighborhoods
in Long Beach for pre-app volume. Source:
WFL
Lender Pool Data. Updated
Monthly.
- Belmont Shore
- Elftman
- Lakewood Gardens
- Lincoln Village
- Bixby Knolls
Consolidation Loan In Long Beach
Dashawn was asking to be approved for a loan so he
could pay off some payday loan companies, his two credit cards, and
some money he owed his uncle.
Here is the breakdown of these different debt amounts.
$1000 to payday loan store
$500 to cash advance store
$2500 to Visa card balance
$1000 to his Amex card
$1000 to his uncle
It was difficult for Dashawn to find a lender who approve
such a relatively small loan. We've seen borrowers actually spend a
few extra thousand dollars to put their total debt above the $10000
dollar mark.
That way you can find more lenders who will consider
a personal loan. Each lender has it's own threshold principal they go
by. All lenders have a principal amount minimum written into their policy
and procedure manual.
So Dashawn ended up applying online
and not using a lender in his home town of Long Beach. Actually, he
wasn't even approved with a lender in the State of California. He chose
to accept the terms and conditions in the loan agreement of a nation
wide lender.
We'll list of the offers he received from the WFL lender
pool below.
• Debt Consolidation Amount = $6000
• Interest Rate = 9.97%
• Term Length = 1
• Monthly Payment = $527.41
• Total Paid Back = $6,328.94
• Total Interest = $328.94
With his $6000 dollar loan at a rate of 9.97% he was
paying $527.41 for 12 months. This results in over $6300 paid back to
the lender in total. The monthly payment was something Dashawn was fine
with considering the income he gets from his two car wash jobs.
However, he really wanted to get the monthly payments
down to around $150 per month. That wasn't possible because none of
the lender would agree to that number.
You can only hope that Dashawn will continue to maintain
his monthly income so he can service his new debt.
Nation wide lender @ 9.97%
CA State lender @ 12.38%
Long Beach local lender #1 @ 13.02%
Long Beach local lender #2 @ 10.34%
That's actually quite a large variation in the interest
rates he was offered by the lenders who emailed him. The rate of $9.97
is still relatively high for an interest rate.
Ideally you want to have some kind of asset (like a
house) and a line of credit leveraged from that house. Then you want
that HELOC (home equity line of credit) to have a rate very close to
the federal rate. Even with all that you would still have to have an
excellent credit rating to get a rate that low.
But Dashawn was very happy to be out from under the
debt collectors. He was really happy to be free of the payday loans
and the cash advances. He was caught up in the "cycle of abuse"
that predatory lenders are so good at getting young people hooked on.
If you are having a hard time paying your rent and servicing
your existing debt, try to stay away from these payday lenders. It's
nothing but trouble.
Are you a Long Beach
resident and need a loan regardless of bad credit. We're here to help!
Sincerely,
Andy Somerset

Andy
Somerset is a WeFindLenders.com contributor with an extensive background
in personal finance and money management.
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Education & Employment Advancement
Opportunities in Long Beach CA
Having money problems? Can't keep up with
your bills? Consider upgrading your education and/or seek more lucrative
employment in Long Beach area.
Job Search: Indeed
/ Snag-A-Job
EDU Advancement:
College / University
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Credit Counseling
In Long Beach
Tap image
for larger interactive map.
Unified Credit Repair Service of Long Beach
3224 E Anaheim St #642, Long Beach, CA 90804
562.222.5928
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Fresh Start Credit
3728 Atlantic Ave, Long Beach, CA 90806
freshstartcredit.net
562.275.7157
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Cred Up Credit Management Group
F5, 3711 Long Beach Boulevard, Long Beach, CA 90807
credupla.com
562.922.1936
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Springboard Nonprofit
3363 Linden Ave # A, Long Beach, CA 90807
800.431.8456
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Federal Resources
FTC
Budget PDF / USA.GOV
Debt Info
Long Beach Non-Profit Services
Food Bank: Food Bank
of Southern California / Address: 1444 San Francisco Avenue, Long Beach,
CA 90813 / Phone: +1 562-435-3577
Hot/Cold Meals: Catholic
Charities Of LA Long Beach Community Services Center / Address: 123 East
14th Street, Long Beach, CA 90813 / Phone: +1 213-251-3432
Shelter In Case of Eviction:
Long Beach Rescue Mission / Address: 1335 Pacific Avenue, Long Beach,
CA 90813 / Phone: +1 562-591-1292
Social Assistance Programs:
Long Beach WIC / Address: 2525 Grand Avenue, Long
Beach, CA 90815 / Phone: +1 562-570-4242
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Usury and
Regs. Governing Long Beach
California
DOB Website / California
Usury Law Codes
Summary of California Usury Law(s)
/ Legal: 7% Contract: 10% for personal, family or
household purposes or any other purposes / Judgment: 10% / file
an online complaint, or learn more about the legal code(s) applicable
to the State of California view
our California State page.
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WFL
Loan Product Menu
- Bad credit scores
below FICO 650
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not worsen your credit score
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starting as low as 9% (cs)
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- Borrow between
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- Borrow between
$500 and $150,000
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or debt relief services
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can review your application
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starting as low as 7% (cs)
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and funding process
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available
- Borrow form $5000
- $150,000
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