Aurora IL
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This page was last updated
May 2019
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Compare Bad Credit Lenders (2019)
Fair Credit Lenders in Aurora IL
Lenders: contact us for listing removal.
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Fox Valley Credit Union
575 N Broadway Aurora
IL 60505 - www.foxvalleycu.com
630.859.2276
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Earthmover Credit Union
1037 W Orchard Rd, North Aurora
IL 60542 - www.earthmovercu.com
630.844.4950
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Aurora Policemen Credit Union
1200 E Indian Trail, Aurora
IL 60505 - www.apcu4u.com
630.499.5690
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Aurora Firefighters Credit Union
88 N La Salle St, Aurora
IL 60505 - 630.892.7220
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NorthStar Credit Union
444 N Eola Rd, Aurora
IL 60502 - www.nscu.org
800.983.6828
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KCT Credit Union
320 E Indian Trail, Aurora
IL 60505 - www.kctcu.org
847.741.3344
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Illinois Credit Union League
1807 W Diehl Rd, Naperville
IL 60563 - www.iculeague.org
630.983.3400
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Allsteel Credit Union
1 W Merchants Dr, Oswego
IL 60543 - www.allsteelcu.com
800.467.3162
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NorthStar Credit Union
444 N Eola Rd, Aurora
IL 60502 - www.nscu.org
800.983.6828
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OneMain Financial
1555 Butterfield Road #115 Aurora
IL 60502 - 630.896.1081
www.onemainfinancial.com
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Bad Credit Loans in Aurora IL
Aurora IL Lender Area Map
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Aurora IL Loan App Volume
Top 5 Aurora neighborhood loan app volume
- Madison Park
- Randall-Galena
- Fox Pointe
- East Galena
- Randall/Illinois
Aurora Bad Credit Loan Example
Jim and his wife from Aurora, recently got divorced and now he is trying to recover his life both from a personal perspective as well as from a financial one.
The divorce left them both emotionally drained and it also drained their finances. Neither of them ended up where they thought they would.
The only one that made money out of the
divorce were the lawyers. If Jim could do it over again he would try for
a settlement with mediators and avoid the lawyers altogether.
Although he really does not care that much, his ex-wife ended up with
a bad credit rating. Because all of the accounts were tied to both names,
his credit rating suffered as well and so he also has a bad credit rating.
Never the less he would like to borrow
$5500 and pay it back over a period of four years. He plans to use the
money to repay some of his debts and also help furnish a small apartment
that he has rented. It is not much but that is all he feels he can afford
right now.
He wants to focus on saving some money so that he is not at risk each
month when it comes to paying his rent and other bills that he has.
He knows that he will need to be extremely
frugal for the next few years in order to get back to where he was financially.
He is lucky to be fully employed and making descent money which will pay
for a great deal of things that he is going to need. His wife pretty much
walked away with everything.
A $5500 loan with a 4 year term
9.75% interest rate for Jim would cost him the following per month:
Loan Amount (principal) = $5500
Interest Rate = 9.75%
Term Length =4 year
Monthly Payment = $138.83
Total Paid Back = $6664.07
Total Interest = $1164.07
Jim could be a really bitter person. Instead he is focused on the future
he wants to rebuild for himself and he is developing a plan to get there.
The first step is to repay all of his high interest debt with a low interest
loan and then pay that off as well.
Fortunately, he has the income to support it and some lenders may look
beyond his credit score due to the circumstances.
Prior to his divorce both he and his ex-wife and good credit scores and
it was only in the last year that he had a number of reports which caused
it to decline. He still works for the same company and he actually makes
more now than he did prior to the divorce.|
Jim will need to provide documentation showing his income level, a pay
stub or a letter from his employer should do. Since he is also recently
divorced, he will probably be asked to provide a copy of the order from
the judge regarding the division of assets and any alimony he may be required
to pay.
He did not mention this in his application. If he is paying alimony, the amount will be factored into the loan decision regarding how much he can be approved for. One he provides this info; the lenders can make a decision.
If you're living in Aurora Illinois like Jim, 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 Aurora IL
Job/Income Upgrades: Indeed / Snag-A-Job
Education Upgrades: College / University
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Aurora Credit Counseling
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Counselors contact
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CareOne Credit
344 Old Indian Trail Aurora
IL 60506 - 224.592.0892
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ProGlobal Group
581 Sullivan Rd a, Aurora
IL 60505 - www.proglobalg.com
630.461.5215
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Federal Resources
FTC
Budget PDF / USA.GOV Debt Info
Aurora Assistance Programs
Food Bank: Aurora Area Interfaith Food Pantry / Address: 1110 Jericho Road, Aurora, IL 60506 / Phone: 630.897.2127
Hot/Cold Meals: Hesed House / Address: 659 South River Street, Aurora, IL 60506 / Phone: 630.897.2156
Shelter In Case of Eviction: Wayside Cross Ministries Lifespring Center / Address: 517 College Avenue #102, Aurora, IL 60505 / Phone: 630.851.0187
Social Assistance Programs:
llinois Department of Human Services / Address: 361 Old Indian Trail,
Aurora, IL 60506 / Phone: 630.844.7400
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Usury Law Governing Aurora IL
Summary of Illinois Usury Law(s) / Legal: 5% Contract: 9%; any rate business loans / Judgment: 9% / Corporate: Any rate (read more on Illinois lending laws)
Complaint process for Aurora residents:
Illinois
Department of Financial & Professional Regulation / Illinois
Complaint Process
Illinois Department of Financial & Professional Regulation / Springfield Office: Illinois Department of Financial and Professional Regulation / 320 West Washington Street, 3rd Floor, Springfield, IL 62786 / Aurora Office: Illinois Department of Financial and Professional Regulation / 100 West Randolph, 9th Floor, Chicago, IL 60601 / Phone Numbers: All Inquiries: 1-888-473-4858 Professional Licensing: 1-800-560-6420 TTY: 1-866-325-4949 International: 1-312-281-0341
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WFL Loan Products
Aurora 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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