Albuquerque NM
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 >

New Mexico Lenders > Albuquerque

This page was last updated November 2018

Commentary for informational purposes only. See disclaimers here.

Compare Bad Credit Lenders (2019)

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

Fair Credit Lenders in Albuquerque NM

Lenders: contact us for listing removal.

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

Nusenda Credit Union
1801 Lomas Bouelvard NE Albuquerque
NM 87106 / www.nusenda.org
505.889.7755

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

Rio Grande Credit Union
10001 Lomas Bouelvard Northeast
Albuquerque, NM 87112
www.riograndecu.org
505.262.1401

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

First Financial Credit Union
6100 Coors Bouelvard NW Suite J
Albuquerque, NM 87120
www.ffnm.org / 505.766.5600

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

Sandia Laboratory FCU
1301 Britt Street, Albuquerque
NM 87123 / www.slfcu.org
505.293.0500

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

Kirtland Federal Credit Union
6440 Gibson Bouelvard Southeast
Albuquerque, NM 87108
www.kirtlandfcu.org
505.254.4369

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

Sandia Area Federal Credit Union
8505 Candelaria Road Northeast
Albuquerque, NM 87112
www.sandia.org / 505.292.6343

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

U.S. Eagle Federal Credit Union
201 3rd Street NW, Albuquerque
NM 87102 / www.useagle.org
505.342.8888

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

Mountain America Credit Union
8021 Ventura Street Northeast
Albuquerque, NM 87109
www.macu.com / 505.856.7885

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

Southwest Federal Credit Union
8111 Harper Road NE, Albuquerque
NM 87111 / www.sfcunm.org
505.243.6751

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

Bank of Albuquerque
1322 4901 Central Ave NE
Albuquerque, NM 87108
locations.bankofalbuquerque.com
505.855.0640

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

Bad Credit Loans in Albuquerque NM

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

Learn about GAP (Gift Angel Program)

 

Albuquerque NM Lender Area Map

Albuquerque Bad Credit Lenders Map - Initial Static Image

Tap image for interactive map.

Albuquerque NM Loan App Volume

Top 5 Albuquerque neighborhood loan app volume

  1. Midtown
  2. Adobe Acres
  3. Hunning Highland
  4. Paradise Hills
  5. Vecinos del Bosque

San Felipe de Neri Church in Albuquerque: Licensing

Albuquerque Bad Credit Loan Example

Jody wanted to borrow $10000 dollars to pay off all her payday and cash advance loans. Furthermore, she had some credit card balances she had to take care of.

Let's start off with her loan calculation:

Debt Consolidation Amount = $10000
Interest Rate = 11.45%
Term Length = 3
Monthly Payment = $329.52
Total Paid Back = $11862.8
Total Interest = $1862.8

So if you were to just consider the interest Jody is now paying her lender over the three year term, it's not all that bad.

Not bad considering she was labeled a high risk borrower with a bad credit rating. Her Experian score was 598, Transunion 601, and Equifax 587.

Most of the time when lenders see scores like that they're not interested. They're not interested in lending you money with a low interest rate (so to speak).

But Jody didn't get her loan with a credit union in Montgomery. She didn't get approved by a bank on either.

She chose a private lender with a reputation for providing financial services to Alabama residents with who have bad credit scores.

She found this lender using the WFL lender pool. She made her consolidation request known to our 500+ lenders in our pool (or network if you prefer).

She made her request without damaging her credit score. She was approached via email from 5 lenders before she picked the one offering her the lowest rate.

This is the breakdown of the consolidation loan providers she was emailed by;

A local Birmingham lender @ 12.67%
Nationwide lender @ 10.23%
Alabama wide lender @ 11.45%
Montgomery based lender @ 13%
Huntsville based lender @ 11.1%

Take note of the #3 consolidation offer at 11.45%. That was the offer she decided to go with. Notice how the #2 offer was actually for a lesser interest rate at 11.23%.

The reason she didn't go with option three was because that Alabama wide company was charging for more closing fees and had adjustable rates based on the federal rate.

The loan she chose at 11.45% was locked in for the life of the term and there was no chance in her rate going higher. Unless of course she was to default on her loan payments.

We're very happy to report that Jody didn't default on her payments and all was well.

Not long after she consolidated all of her debt she was given a raise at work. This helped her pay of her loan even faster. As soon as she got the raise she called up the creditor and asked to pay more against the principal with each monthly payment.

Some companies won't allow their customers to increase their payments (bi-monthly, weekly, or monthly) because they make more profit over a longer period of time.

Jody wasn't penalized because it was such a small loan to begin with at $10000.

Most larger financial institutions won't even approved consolidation loans for $10000. It's just not a big money maker for them and they'd rather not do 10 loans at $10000.

They'd rather do one loan at $100,000. It's all about the profit they make from their interest. They a lot of profit if the borrower has a bad credit rating.

If you're living in Albuquerque like Jody, 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 Albuquerque NM

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

Education Upgrades: College / University

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

Albuquerque Credit Counseling

Albuquerque Credit Counsellors Map - Initial Static Image

Tap image for interactive map.

Counselors contact us for listing removal or info change.

Credit Rescue Now
2601 Wyoming Bouelvard NE
#117 Albuquerque, NM 87112
www.creditrescuenow.com
505.899.1448

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

Credit Repair Today
1007 Luna Cir NW, Albuquerque
NM 87102 / 505.715.9311
www.myinvestmentsolution.com

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

Consolidated Credit Counseling
4400 Montgomery Bouelvard NE
Albuquerque, NM 87109
www.consolidatedcredit.org
505.738.7932

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

Federal Resources

FTC Budget PDF / USA.GOV Debt Info

Albuquerque Assistance Programs

Food Bank: Roadrunner Food Bank / Address: 5840 Office Boulevard Northeast, Albuquerque, NM 87109 / Phone: 505.247.2052

Hot/Cold Meals: The Rock at NoonDay / Address: 2400 2nd Street Northwest, Albuquerque, NM 87102 / Phone: 505.246.8001

Shelter In Case of Eviction: Good Shepherd Center / Address: 218 Iron Avenue Southwest, Albuquerque, NM 87102 / Phone: 505.243.2527

Social Assistance Programs: Family Community Services / Address: 400 Marquette Avenue Northwest, Albuquerque, NM 87102 / Phone: 505.768.2860

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

Usury Law Governing Albuquerque NM

Summary of New Mexico Usury Law(s) / Legal: 15% / Contract: Whatever agreed to in the contract / Judgment: 8.75% / Corporate: No specified rate (read more on New Mexico lending laws)

Complaint process for Albuquerque residents:

New Mexico Regulation & Licensing (Financial Institutions) / New Mexico Complaint Process / New Mexico Complaint Form PDF

Physical Address: New Mexico Regulation and Licensing Department / Financial Institutions Division / Toney Anaya Building, 2550 Cerrillos Road, Santa Fe, New Mexico 87505, P.O. Box 25101, Santa Fe, New Mexico 87505 / Phone: 505.476.4885 Fax 505.476.4670

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

WFL Loan Products

Albuquerque 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