Fair Credit Lenders in Meridian MS
Lenders: contact
us for listing removal.
Meridian Mutual FCU
809 26th Ave, Meridian, MS 39301
www.meridianmutualfcu.com
601.693.1900
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Muna Federal Credit Union
4400 MS-39, Meridian, MS 39301
www.munafederal.com
601.693.8563
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1st Mississippi Federal Credit
600 19th Ave, Meridian, MS 39301
www.1stms.com
601.693.6873
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Meridian Ms Angfcu
6503 M St #305, Meridian, MS 39307
www.meridianangfcu.org
601.483.7307
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First Heritage Credit
2680 N Hills St, Meridian, MS 39305
www.1stheritagecredit.com
601.485.0700
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Navy Federal Credit Union
255 Rosenbaum Ave Ste 164, Meridian, MS 39309
www.navyfederal.org
888.842.6328
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Acceptance Loan Company
93 S Frontage Rd #400, Meridian, MS 39301
www.acceptanceloan.com
601.484.6334
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Meridian Tower Loan
832 Hwy 19 N # 520, Meridian, MS 39307
www.towerloan.com
601.693.4663
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Meridian Money Now
2209 Old Hwy 45 N A, Meridian, MS 39301
www.moneynow.net
601.483.1143
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Meridian 1st Franklin Financial
4820 Poplar Springs Dr Suite C, Meridian, MS 39305
locations.1ffc.com
601.483.9700
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Bad Credit
Loans in Meridian MS
Meridian MS Lender
Area Map
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map.
Meridian MS Loan App
Volume
Top 5 Meridian
neighborhood loan app volume
- Green Briar
- Russell Manor Road
- The Mark
- Broadmoor
- Clarkdale
Meridian Museum of Art:
Source
Meridian Bad Credit Loan Example
Joel is looking for a combination consolidation loan
and a car loan. He is buying another car and he also has credit card debt
that he would like to add to the loan.
He needs twenty five thousand for the car he wants to
buy and another five thousand for the credit card debt that he would like
to add to the loan.
The credit card debt is pretty straight forward. He spent
some money on repairs for his existing car and also bought materials for
his home.
He is doing some renovation work around the home and charged
the materials and the car repairs to his credit card.
He could probably pay his credit card debt in a few months,
however if he can avoid paying some of the interest on his credit card,
he will save a few hundred dollars.
He and his wife feel they need a second car. He has a
chance to purchase a used car from a buddy of his. It has been well taken
care of and really is in like new condition.
His buddy has all of the maintenance paperwork for it
and the car is still under warranty for another six months.
He can use the warranty to do any repairs that are needed,
although at the moment there are no recalls on file and everything is
up to date. He plans to use the car as security for the loan.
A $30000 loan with a five year term and 2.7% interest
rate for Joel would cost him the following per month:
• Loan Amount (principal) = $30000
• Interest Rate = 2.7%
• Term Length = 5 year
• Monthly Payment = $535.07
• Total Paid Back = $32104.23
• Total Interest = $2104.23
Joel wants to use the car he is buying as security for
the loan he has applied for. Unfortunately, the value of the car is less
than the value of the loan he has applied for.
As a result, lenders would not agree to accept the car
as security. Even though he is purchasing the car at below market value
the number that is used for this purpose of loan approval is the lower
of two numbers - market value or purchase price.
As a result, Joel has decided to use the equity in his
home to cover the collateral he needs to support a low interest loan.
Although approval of the loan will take longer this is probably the best
approach if he wants a low interest loan.
He will need his home appraised and based on the appraised
value, his loan will be added as a lien against his home. There will also
be appraisal fees and processing fees which Joel might not have been aware
of.
All of the other factors that are typically considered
for a loan of this size have been considered. These include income, credit
utilization, credit score, cash flow and equity value in his home were
evaluated. Joel and his wife provided all of the information needed and
his application is being considered.
If you're living in Meridian like Joel,
and need a loan regardless of your credit rating, we may be able to help
you find a willing lender.
Sincerely,
Chris Somerset

Chris
Somerset is a writer for the WFL Project.
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Upgrades Nearest Meridian MS
Job/Income Upgrades: Indeed
/ CareerBuilder
Education Upgrades:
College / University
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Credit Counseling Near Meridian
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map.
Counselors contact
us for listing removal or info change.
Consumer Credit Counseling Services
Meridian, MS 39301
www.consumercredit.com
601.483.6241
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Dlv Partners Credit Repair
1426 52nd Ave, Meridian, MS 39307
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Federal Resources
FTC
Budget PDF / USA.GOV Debt Info
Meridian Non-Profit Services
Food Bank: Wesley House
Community Center / Address: 1520 8th Avenue, Meridian, MS 39301 / Phone:
601.485.4736
Hot/Cold Meals: Feed
By Faith / Address: 3401 5th Street, Meridian, MS 39301 / Phone: 601.483.8999
Shelter In Case of Eviction (nearest
Meridian): Salvation Army Men's Shelter / Address: 710 B St,
Meridian, MS 39301 / Phone: 601.286.3016 / Hope Village For Children /
Address: 2433 23rd Avenue, Meridian, MS 39301 / Phone: 601.553.8660
Social Assistance Programs:
Human Services Department / Address: 2911 8th Street, Meridian, MS 39301
/ Phone: 601.359.4500
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Usury Law Governing
Meridian MS
Summary of Mississippi Usury
Law(s) / Legal: 8% / Contract: 11%; 15% on organizational loans
over $2,000 / Judgment: 8% / Corporate: 15% over $2,500
(read
more on Mississippi lending laws)
Complaint process for Meridian residents:
Mississippi
Department of Banking and Consumer Finance
/ Mississippi
Complaint Process / Complaint
Form (PDF)
Physical Address: Department of Banking
and Consumer Finance / PO Box 12129, Jackson, MS 39236-2129 / Phone: 601.321.6901
/ Fax: 601.321.6933 / Toll free: 800.844.2499
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