Billings MT
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 >

Montana Lenders > Billings

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 Billings MT

Lenders: contact us for listing removal.

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

Valley Credit Union
207 N Broadway Billings
MT 59101 - www.valleyfcu.com
406.656.9100

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

Rimrock Credit Union
952 Central Ave, Billings
MT 59102 - rimrockcu.org
406.248.3685

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

Montana Health Federal CU
3100 2nd Ave N, Billings
MT 59101, 406.259.2000
www.montanahealthfcu.org

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


Billings Federal Credit Union
2522 4th Ave N, Billings
MT 59101 - www.billingsfcu.org
406.248.1127

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

Altana Federal Credit Union
3212 Central Ave, Billings
MT 59102 - www.altanafcu.org
406.651.2328

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

Homestead Federal Credit Union
302 N 11th St, Billings
MT 59101 - homesteadfcu.com
406.259.7052

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

Big Sky Federal Credit Union
990 Grand Ave, Billings
MT 59102 - www.bigskyfcu.com
406.252.2527

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

Aspen Financial
520 Wicks Ln #10, Billings
MT 59105, 406.839.9222
aspenfinancialbillings.com

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


Rocky Mountain Bank
2615 King Ave W, Billings
MT 59102 - www.rmbank.com
406.656.3140

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

Yellowstone Bank
1511 S Shiloh Road Billings
MT 59106, 406.294.9400
www.yellowstonebank.com


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

Bad Credit Loans in Billings MT

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

Learn about GAP (Gift Angel Program)

 

Billings MT Lender Area Map

Billings Bad Credit Lenders Map - Initial Static Image

Tap image for interactive map.

Billings MT Loan App Volume

Top 5 Billings neighborhood loan app volume

  1. North Side
  2. Highland
  3. East Central
  4. Lockwood
  5. East Heights

Temple of Billings Montana: Licensing

Billings Bad Credit Loan Example

Ken would like to add an addition to their home. There is lots of room on their property and they really could use more space for bedrooms and a play room for the kids.

They have had an architect draw up plans and prepare an estimate of what this addition would cost. They are going to need at least $50000 to cover all of the expense.

Ken plans to do as much of the work as he can. He plans to complete most of the finishing work himself to reduce the contracting costs. All of the structural, plumbing, electrical and drywall work will be completed by contractors.

Even with the savings he expects to get, he will be testing the upper budget of fifty thousand. He would like to borrow the funds and amortize it over a 20 year period.

It could be a second mortgage or if the lender is interested, consolidate his existing mortgage. Either approach is fine with Ken as long as he can get approval and also a decent interest rate and term.

Ken is worried about his bad credit score and whether lenders will be willing to give him a loan or mortgage at decent rates.

He can use his home as security for the loan, however the current appraised value is insufficient to support a loan of this size.

He knows it will be difficult to be approved for a loan with these two obstacles, even though the house will be worth much more once all of the construction is completed.

A $50000 loan with a 20 year term 5.5% interest rate for Ken would cost him the following per month:

Loan Amount (principal) = $50000
Interest Rate = 5.5%
Term Length = 20 year
Monthly Payment = $343.94
Total Paid Back = $82546.48
Total Interest = $32546.48

A second mortgage with a 20 year term will cost him an additional $343 a month at current rates. Interest rates are changing all of the time. By the time he is approved rates could have increased further.

Ken's bad credit score is really holding them back. He forgot to pay his taxes one year and the city filed a lien before he realized what was going on.

He has since repaid all of the taxes and the penalties, but the damage was done to his credit score.

After reviewing all of the numbers, his cash flow and income, Ken is confident he can carry the additional payments easily with the income that he and his wife currently bring in. All of his payments are now on automatic withdrawal from his bank account so there will be no more slip-ups.

He is ready to sign contracts to have the work start next month, however he wants to wait until he knows for sure that his loan will be approved.

Once he has the funds approved, contractors will begin digging the foundation and ordering materials.

Ken might also be interested in a line of credit which he would draw on as he needs to pay bills up to a total of $50k.

He would only pay interest on the amount borrowed at the time which could save him a lot on the total interest charges. He must pay the accrued interest each month as a minimum payment. Ken is giving this some thought as he anxiously awaits a decision from the lenders.

If you're living in Billings like Ken, 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.

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

Upgrades Nearest Billings MT

Job/Income Upgrades: Indeed / Snag-A-Job

Education Upgrades: College / University

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

Billings Credit Counseling

Billings Credit Counsellors Map - Initial Static Image

Tap image for interactive map.

Counselors contact us for listing removal or info change.

Debt Reduction Services
993 S 24th Street West Billings
MT 59102, 877.688.3328
www.debtreductionservices.org

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

Consumer Credit Counseling Services
1620 Alderson Ave #27, Billings
MT 59102, 406.656.4370

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

Federal Resources

FTC Budget PDF / USA.GOV Debt Info

Billings Assistance Programs

Food Bank: Billings Food Bank / Address: 2112 4th Avenue North, Billings, MT 59101 / Phone: 406.259.2856

Hot/Cold Meals: Montana Rescue Mission Women and Children's Shelter / Address: 2520 1st Avene North, Billings, MT / Phone: 406.259.3105

Shelter In Case of Eviction: Montana Rescue Mission Men's Shelter / Address: 2822 Minnesota Avenue, Billings, MT 59101 / Phone: 406.259.6079

Social Assistance Programs: Montana Public Assistance / Address: 111 North 31st Street, Billings, MT 59101 / Phone: 888.706.1535

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

Usury Law Governing Billings MT

Summary of Montana Usury Law(s) / Legal: 10% / Contract: 6% above prime rate at major New York banks 3 days before contract / Judgment: 10% / Corporate: Rate not specific (read more on Montana lending laws)

Complaint process for Billings residents:

Montana Division Banking of Financial Institutions / Montana Complaint Process / Montana Complaint Form (PDF)

Physical address: Division of Banking and Financial Institutions / 301 South Park Avenue, Suite 316, PO Box 200546, Helena, MT 59620-0546 / Contact Person: Wayne Johnston, Compliance Manager / Phone: 406.841.2918 Fax: 406.841.2930 Website: www.banking.mt.gov EMail: wjohnston@mt.gov

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

WFL Loan Products

Billings residents who require a fresh start with a bad credit loan to rebuild credit learn more here. Or, perhaps your score is just fair - you can learn more here. If you're in debt way over your head, you can learn about our debt consolidation solutions here.

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