Cedar Rapids IA
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This page was last updated September 2018

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Fair Credit Lenders in Cedar Rapids IA

Lenders: contact us for listing removal.

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University of Iowa Community CU
716 A Ave NE Cedar Rapids
IA 52401 - www.uiccu.org
319.731.2750

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Collins Community Credit Union
3160 Wiley Blvd SW, Cedar Rapids
IA 52404 - www.collinscu.org
800.475.1150

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Iowa Community Credit Union
501 4th Ave SE, Cedar Rapids
IA 52401 - www.uiccu.org
319.364.0291

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Linn Area Credit Union
3015 Blairs Ferry Rd NE
Cedar Rapids, IA 52402
www.linnareacu.org
319.892.7300

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Dupaco Community Credit Union
110 35th St Dr SE, Cedar Rapids
IA 52403 - www.dupaco.com
319.366.8231

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Community 1st Credit Union
1030 Sierra Dr NE, Cedar Rapids
IA 52402 - 319.363.9689
www.c1stcreditunion.com

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Veridian Credit Union
5050 Edgewood Rd NE, Cedar Rapids
IA 52411 - www.veridiancu.org
800.235.3228

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First Federal Credit Union
3810 Westdale Dr SW, Cedar Rapids
IA 52404 - www.firstfedcu.com
319.362.3171

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Alliant Credit Union
200 1st St SE #111, Cedar Rapids
IA 52401 - www.alliantcu.com
319.362.3008

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Quaker Oats Credit Union
3535 Center Point Road NE
Cedar Rapids, IA 52402
www.quakeroatscu.com
319.395.7060

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Bad Credit Loans in Cedar Rapids IA

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

Learn about GAP (Gift Angel Program)

 

Cedar Rapids IA Lender Area Map

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Cedar Rapids IA Loan App Volume

Top 5 Cedar Rapids neighborhood loan app volume

  1. Mound View
  2. Oak Hill Jackson
  3. Czech Village
  4. Taylor
  5. Wellington Heights

Cedar Rapids Iowa Paramount Theatre Building: Licensing

Cedar Rapids Bad Credit Loan Example

Kirk lives in Cedar Rapids and was looking for a $10000 bad credit loan to consolidate his debts that his girlfriend left him.

She left about a month ago leaving Kirk with all of her debts that she wracked up on his credit cards. This had actually been going on for awhile and Kirk should have kicked her out some time ago, but love is blind.

Kirk's girlfriend really took advantage of him spending his money as if there were lots of it. Before she arrived, he had a pretty decent credit rating and only had small balances on his credit cards.

They moved in together a year ago. She wanted to redecorate his place, make it prettier and more like a home instead of a bachelor pad. She spent a lot of money without really telling him about it. She even would hide the credit card statements.

He finally received a call one day from a collection agency demanding that he start paying his debts. Well of course the you know what hit the fan. After the row they obviously had, she promised to behave and not spend any more money without his knowledge. He barely rescued his credit rating at that time. He really should have kicked her out then.

A few months later another call from collections spells trouble for Kirk and his girlfriend. This time there is no more credit, he owes thousands of dollars and he can’t get a loan because of his bad credit rating. The girlfriend is gone, Kirk has a pretty place now and over $10000 in debt plus a bad credit rating.

A $10000 bad credit loan in Cedar Rapids with a two-year term and an 7% interest rate for Kirk could cost him the following per month:

• Loan Amount (principal) = $10000
• Interest Rate = 7%
• Term Length = 2 year
• Monthly Payment = $447.73
• Total Paid Back = $10745.42
• Total Interest = $745.42

Unfortunately for Kirk he is stuck with all of the debt. He was finally able to arrange a bad credit loan for $10,000 at a pretty decent rate.

It will take him two years to repay everything, but once he does, his credit rating will begin to improve. He is done with his girlfriend and likely will never allow any other people anywhere near his credit cards again in the future.

Kirk is going to try and get some of the money back. There are a few things she took with her when she left and he is going to try to return some items. He will be on the hook for the majority and really needed this loan to avoid paying high credit card interest rates.

This was a very difficult and emotional lesson for Kirk to deal with. For someone who has never had financial problems in the past to suddenly find out that he owed $10000 was bad enough.

Losing his girlfriend who he actually did like quite a bit under these circumstances was also very difficult. Kirk will have significant trust issues going forward in any relationship.

If you're living in Cedar Rapids Iowa like Kirk, and need a loan regardless of your credit rating, we may be able to help you find a willing lender.

Sincerely,

Andy Somerset

Andy Somerset is a writer for the WFL Project.

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Upgrades Nearest Cedar Rapids IA

Job/Income Upgrades: Indeed / Monster

Education Upgrades: College / University

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Cedar Rapids Credit Counseling

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Counselors contact us for listing removal or info change.

Credit Ability
2205 Blairsferry Crossing
#B Hiawatha - IA 52233
heartlandcreditrestoration.com
319.373.2822

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Total Financial Solutions
4935 Bowling St SW Suite B
Cedar Rapids, IA
www.tfsolutionsgroup.com
319.862.1582

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Financial Counseling Center
4403 1st Ave SE #402, Cedar Rapids
IA 52402 - 319.373.8297

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Federal Resources

FTC Budget PDF / USA.GOV Debt Info

Cedar Rapids Assistance Programs

Food Bank: Linn Community Food Bank / Address: 310 5th Street South East, Cedar Rapids, IA 52401 / Phone: 319.364.3543

Hot/Cold Meals: Green Square Meals / Address: 605 2nd Avenue South East, Cedar Rapids, IA 52401 / Phone: 319.365.6652

Shelter In Case of Eviction: Madge Phillips Center (Waypoint) / Address: 318 5th Street Southeast, Cedar Rapids, IA 52401 / Phone: 319.366.7999

State Government Assistance Programs: Linn County Social Services Programs / Address: 1240 26th Avenue Ct Southwest, Cedar Rapids, IA 52404 / Phone: 319.892.5620

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Usury Law Governing Cedar Rapids IA

Summary of Iowa Usury Law(s) / Legal: 5% Contract: 7% as of July, 2006; any rate agreed for business purposes or over $25,000 for personal or household purposes / Judgment: 2% over rate on 52 wk. T-Bill / Corporate: Any rate allowed (read more on Iowa lending laws)

Complaint process for Cedar Rapids residents:

Iowa Division of Banking / Iowa Complaint Process / Complaint Form (PDF)

Iowa Division of Banking / Physical Address: 200 East Grand Avenue, Suite 300 / Des Moines, Iowa, 50309-1827 / Phone: 515.281.4014 / Fax: 515.281.4862

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WFL Loan Products

Cedar Rapids residents dealing with a bad credit score can read about our bad credit loans network, OR if your rating is in the average zone, you can read about fair credit loan pool. If you're DEEP in high interest debt, please read about our debt consolidation loan resources.

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