Indianapolis IN
Fair To Bad Credit Loans

We Find Lenders Who Lend To Bad Credit Borrowers

We Find Lenders Inc. Fair To Bad Credit Loans Logo

Home > How To Apply >

Indiana Lenders > Indianapolis

This page was last updated September 2018

Commentary for informational purposes only. See disclaimers here.

Bad Credit Loan Testimonial Reviews

Let's get you approved
Enter zip and your 3 digit credit score.

Fair Credit Lenders in Indianapolis IN

Lenders: contact us for listing removal.

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

Indiana Members Credit Union
5047 Madison Ave Indianapolis
IN 46227 - www.imcu.com
317.788.4693

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

Financial Center First Credit Union
1315, 7101 E 56th St
Indianap - lis, IN 46226
www.fcfcu.com
317.916.7700

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

KEMBA Credit Union
444 S Shortridge Rd, Indianapolis
IN 46219 - www.mykemba.org
317.351.5235

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

Family Horizons Credit Union
6665 E 21st St, Indianapolis
IN 46219 - www.familyhorizons.com
317.352.0423

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

Teachers Credit Union
5130 W 71st St, Indianapolis
IN 46268 - locations.tcunet.com
317.299.9941

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

Financial Center First Credit Union
8245 Allisonville Rd, Indianapolis
IN 46250 - www.fcfcu.com
317.916.7700

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

Indiana Credit Union League
Indianapolis, IN 46250
www.icul.org
317.594.5300

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

Forum Credit Union
6501 N College Ave
Indianapolis, IN 46220
www.forumcu.com
317.558.6000

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

Credit Union 1
4027 W 10th St, Indianapolis
IN 46222 - www.creditunion1.org
800.252.6950

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

Northpark Community Credit Union
5965 Technology Center Drive
Indianapolis, IN 46278
www.northparkccu.org
317.733.2200

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

Bad Credit Loans in Indianapolis IN

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

Learn about GAP (Gift Angel Program)

 

Indianapolis IN Lender Area Map

Indianapolis Bad Credit Lenders Map - Initial Static Image

Tap image for interactive map.

Indianapolis IN Loan App Volume

Top 5 Indianapolis neighborhood loan app volume

  1. Old Northside
  2. St. Joseph
  3. Windjammer Bay
  4. Mapelton
  5. Near North

Soldiers and Sailors in Indianapolis Indiana: Licensing

Indianapolis Bad Credit Loan Example

Jim missed four weeks of work last month, has hospital bills and other small debts to pay for. Combined with the loss in wages, the bills and the lack of any medical insurance Jim is desperate for a loan to help him pay his bills and avoid bankruptcy.

He is back at work now, but worried about what comes next from a financial perspective.

He needs a $9500 bad credit loan to help him get through this difficult financial period. If he does not receive a loan, he fears that he will have no other choice but to declare bankruptcy.

He really does not know what else to do. He is having difficulty getting any lender to pay attention to his loan applications. They take one look at his bad credit rating and turn his request down.
Jim has never been good with paying his bills on time.

It is not that he does not have the money. He tells everyone that he is probably the world’s worst procrastinator which means he is often late on his payments for almost everything including rent, utilities and credit card payments.

They have all made reports to the credit rating agencies and he has a terrible credit rating. He also spends most of his money from each pay check and does not have any savings to deal with this sort of financial emergency.

He needs a $9500 loan and wants to repay it over a three year term. A $9500 loan with a 3 year term 7.75% interest rate for Jim would cost him the following per month:

Loan Amount (principal) = $9500
Interest Rate = 7.75%
Term Length =3 year
Monthly Payment = $296.60
Total Paid Back = $10677.64
Total Interest = $1177.64

Jim is going to have a very difficult time finding a lender who is willing to approve a loan based on his credit score and record of being late with many payments. There are a number of steps Jim should take to improve his financial situation, both short term and long term.|

He needs to deal with his short term financial debt situation first. Jim should consider negotiating with the hospital to lower his actual hospital fees. In addition, he may be able to set up a payment plan with them to avoid the hospital initiating collection proceedings.

He also needs to set up a budget to ensure that he has enough funds to pay all of his expenses. He can also set up automatic payments for rent, for utilities and for the hospital payment plan.

All he needs to do is ensure that there is sufficient money in his checking account to pay the bill he is paying when it is scheduled. Jim, as part of his budget planning activity, should cut back in some areas and start saving something from each pay check towards emergencies etc.

Over the next several years if he can avoid any missed payments, his credit score will gradually improve. But first he must negotiate with the hospital to arrive at an agreement regarding how he will pay for his medical expenses and avoid declaring bankruptcy.

If you're living in Indianapolis like Jim does, 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.

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

Upgrades Nearest Indianapolis IN

Job/Income Upgrades: Indeed / Monster

Education Upgrades: College / University

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

Indianapolis Credit Counseling

Indianapolis Credit Counsellors Map - Initial Static Image

Tap image for interactive map.

Counselors contact us for listing removal or info change.

Express Credit Repair
301 N Delaware St Indianapolis
IN 46204 - 317.210.5721
indianapoliscreditrepair.net

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

Indianapolis Credit Repair
702 N Illinois St, Indianapolis
IN 46204 - 844.619.5766
localservices.dropmk.com

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

Mystar Credit Counseling
(aka: Mystar Financial Solutions)
7440 Shadeland Avebue Suite #205
Indianapolis, IN 46250
www.mystarcredit.com
317.284.6500

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

Federal Resources

FTC Budget PDF / USA.GOV Debt Info

Indianapolis Assistance Programs

Food Bank: Gleaners Food Bank of Indiana / Address: 3737 Waldemere Avenue, Indianapolis, IN 46241 / Phone: 317.925.0191

Hot/Cold Meals: Second Helpings / Address: 1121 Southeastern Avenue, Indianapolis, IN 46202 / Phone: 317.632.2664

Shelter In Case of Eviction: Dayspring Center / Address: 1537 Central Avenue, Indianapolis, IN 46202 / Phone: 317.635.6780

Social Assistance Programs: Homeless Initiative Program / Address: 1835 North Meridian Street, Indianapolis, IN 46202 / Phone: 317.957.2275

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

Usury Law Governing Indianapolis IN

Summary of Indiana Usury Law(s) / Legal: 8% Contract: As per Indiana UCC / Judgment: 8% / Corporate: No specific rate (read more on Indiana lending laws)

Complaint process for Indianapolis residents:

Indiana Department of Financial Institutions / Indiana Complaint Process / Complaint Form (PDF)

Department of Financial Institutions / 30 South Meridian Street, Suite 300, Indianapolis, Indiana 46204 / Telephone: (317) 232-3955 Toll-free: (800) 382-4880 / Email: dficomplaints@dfi.in.gov

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

WFL Loan Products

Indianapolis 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.

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

Ad Disclosure / APR & Fees / Collection

Default Implications

 

To Top

©2018 We Find Lenders Inc. All Rights Reserved