Columbus OH
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This page was last updated
September 2018
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Bad Credit Loan Testimonial Reviews
Fair Credit Lenders in Columbus OH
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Education First Credit Union
399 E Livingston Ave, Columbus, OH 43215
www.educu.org
614.221.9376
8:30AM–5PM Mon - Thu
8:30AM–6PM Fri
9AM–1PM Sat
Closed Sunday
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Telhio Credit Union
96 N 4th St, Columbus, OH 43215
www.telhio.org
614.221.3233
8AM–4:30PM Mon - Fri
Closed Weekends
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Credit Union of Ohio / Downtown Branch
152 E Broad St, Columbus, OH 43215
www.cuofohio.org
614.487.6650
9AM–4:30PM Mon - Thu
9AM–5PM Friday
Closed Weekends
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Park National Bank / Downtown Columbus
140 E Town St #1400, Columbus, OH 43215
www.parknationalbank.com
614.228.0063
9AM–5PM Mon - Fri
Closed Weekends
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Huntington Bank
17 S High St, Columbus, OH 43215
www.huntington.com
614.480.4293
9AM–4PM Mon - Thu
9AM–6PM Fri
9AM–1PM Sat
Closed Sunday
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Heartland Bank
101 S High St, Columbus, OH 43215
www.heartlandbank.com
614.416.0244
8AM–5PM Mon - Fri
Closed Weekends
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Bad Credit Loan Form for Columbus OH
Columbus OH Lender Service Area Map
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Columbus 5x5 Loan App Volume
Top 5 Columbus neighborhoods for loan application volume in the last 5 months. Source: WFL Lender Pool. Updated: Monthly.
- South Linden
- North Linden
- Brice-Tussing
- Southside
- Northland
Bad Credit Loan In Columbus OH
Cristiano needs another car right away. He was driving
to work yesterday and wound up in a 10 car pileup on the interstate.
Fortunately, he did not have any injuries and all of the people in
the other cars survived, although there were some serious injuries
for some.
The same cannot be said for his car. It was totaled and well beyond
repair. He only has comprehensive insurance and liability insurance
on his car so he is not covered by insurance and he needs another
car immediately to get back and forth to work.
Taking a bus is not an option where he lives and works.
For the next few days he is hitching a ride with a friend who lives and works in the same area. After work today he is going to be looking for another car, a used car that is priced in the $5000 range.
Obviously it will be a used vehicle with a 30-day
warranty. He cannot afford anything else at the present time and does
not believe in spending very much on cars.
Cristiano has $2000 in cash savings at the present time and wants
to be approved for a $3000 loan to cover the difference between what
he expects to pay for another car assuming he can find one on short
notice in his price range. He knows he cannot be picky since he must
find one within a few days.
A $3000 Loan with a one-year term and an 8% interest rate could cost
him the following:
• Loan Amount (principal) = $3000
• Interest Rate = 8%
• Term Length = 1 year
• Monthly Payment = $260.97
• Total Paid Back = $3131.68
• Total Interest = $131.58
A few days later, Cristiano was able to find a car that was in really
good shape with new tires and a new muffler system recently installed.
The car was available immediately and passed all required road tests
and emissions tests.
While it had a lot of miles on it, the car runs
great and he saved $500 as well. He reduced his loan requirement by
$500 saving even more money. His $3000 Loan in Columbus OH is now
down to $2500.
Cristiano was required to take accident insurance for his car to cover
the loan amount. The car was used as collateral to help him obtain
a really low interest rate. One of the requirements by the lender
was to have accident insurance on the car payable to the lender if
the car was in an accident and could not be repaired.
Once the loan is fully repaid, Cristiano intends
to cancel the accident insurance and just have comprehensive and liability
insurance. He figures it is just not worth it to pay for the additional
insurance when the car is worth so little.
He is very happy with the car; in fact, it runs better than the one
that was totaled. He has also repaid most of the loan with extra payments
and expects to fully repay the loan in full after 8 months has elapsed.
While it was a scary ordeal to be in a large car pileup on the interstate,
he is pretty happy with the way things have turned out for him.
If you live in the Columbus OH and you
need a loan regardless of a bad credit rating we hope our website helps
you in some way.
Sincerely,
Andy Somerset
Andy Somerset is the son of Lance Somerset who founded the We Find Lenders Pool. He writes for WeFindLenders.com whenever he's not working hard on his degree in finance.
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Employment & Education Advancement Opportunities in Columbus OH
If you live in Columbus and you're struggling with making ends meet, you may consider advancing your education and/or finding a higher paying job. We've provided some links here to help with that.
Education Advancement: College / University
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Credit Counseling In Columbus OH
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Credit Counseling Columbus
OH
5555 Renner Rd, Columbus, OH 43228
www.apprisen.com
614.552.2222
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CCCS of the Midwest, Inc.
4500 East Broad Street
Columbus, OH 43213
800-355-2227
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Apprisen CCCS
690 Taylor Rd Suite 110, Gahanna, OH 43230
www.apprisen.com
800.355.2227
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Consolidated Credit Counseling Services
1624 E Dublin Granville Rd, Columbus, OH 43229
www.consumercredit.com
614.522.1491
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Federal Resources
FTC Budget PDF / USA.GOV Debt Info
Columbus Assistance Programs
Food Bank: LSS Champion Food Pantry / Address: 1460 South Champion Avenue, Columbus, OH 43206 / Phone: 614.443.5130
Hot/Cold Meals: Holy Family Soup Kitchen / Address: 57 South Grubb Street, Columbus, OH 43215 / Phone: 614.461.9444
Shelter In Case of Eviction: Faith Mission / Address: 245 North Grant Avenue, Columbus, OH 43215 / Phone: 614.224.6617
Social Assistance Programs:
Franklin
County Department of Job and Family Services / Address: 1721 Northland
Park Avenue, Columbus, OH 43229 / Phone: 614.233.2000
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Usury and Regs. Governing Columbus
Ohio Government Department of Commerce Website for consumer lending laws and a lot more.
Summary of Ohio State Usury Law (that Columbus lenders must follow) / Legal: 5% Contract: 8% but rate not limited for business loans / Judgment: 7% / Corporate: No specific rate / to file a complaint go here, and/or learn more about the legal code(s) and statutes and laws applicable to the State of Ohio view our Ohio State page.
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WFL Loan Product Menu
- Bad credit scores below FICO 650
- 200+ lenders review your pre-application(s)
- Applying does not worsen your credit score
- Interest rates starting as low as 9% (cs)
- Collateral not always required
- Funding between 24 hours and 5 days
- Terms from 6 months to 10 years
- Borrow between $500 and $50,000
- Loans for people with 650+ credit scores
- 500+ lenders can review your application
- Interest rates starting as low as 7% (cs)
- Fast approvals and fast funding
- Line of credit approvals with reasonable APR
- Borrow between $500 and $150,000
- Lenders who provide bad credit consolidation
- Debt settlement or debt relief services
- 300+ lenders can review your application
- Interest rates starting as low as 7% (cs)
- Seamless approval and funding process
- Debt relief counseling available
- Borrow form $5000 - $150,000
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