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This page was last updated June 2020

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Best Bad Credit Loans for 2020

Fair Credit Lenders in Oklahoma City OK

Lenders: contact us for listing removal.

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Allegiance Credit Union
4235 N Meridian Ave Oklahoma City
OK 73112 / www.allegiancecu.org
405.789.7900

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Municipal Employee's Credit Union
8812 S Walker Ave, Oklahoma City
OK 73139 / www.mecuokc.org
405.813.5550

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Oklahoma Federal Credit Union
517 NE 36th Street, Oklahoma City
OK 73105 / 405.524.6467
oklahomafederalcreditunion.org

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SSMOK Employees Federal CU
1111 N Lee Avenue suite 125
Oklahoma City, OK 73103
www.ssmokefcu.com
405.272.6100

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MECU
101 N Walker Ave, Oklahoma City
OK 73102 / www.mecuokc.org
405.813.5500

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Credit Union One of Oklahoma
3330 N Lincoln Bouelvard
Oklahoma City, OK 73105
www.creditunionone.org
405.557.0167

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OKCU / Oklahoma's Credit Union
7230 NW Expy, Oklahoma City
OK 73132 / www.okcu.org
405.606.6328

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Credit Union One of Oklahoma
14400 N May Ave, Oklahoma City
OK 73134 / www.creditunionone.org
405.752.8663

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Focus Federal Credit Union
420 NE 10th Street, Oklahoma City
OK 73104 / www.focusok.com
405.230.1328

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DPS Federal Credit Union
3650 N Martin Luther King Ave.
Oklahoma City, OK 73111
www.dpsfcu.org
405.212.4567

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Bad Credit Loans in Oklahoma City OK

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Oklahoma City OK Lender Area Map

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Oklahoma City OK Loan App Volume

Top 5 Oklahoma City neighborhood loan app volume

Oklahoma City Sky Dance Bridge: Licensing

Oklahoma City Bad Credit Loan

Judith is trying to deal with mounting medical bills as a result of her husband suffering a stroke. There are the initial health related medical bills that she needs to pay for and the ongoing physiotherapy he needs.

They have some medical coverage, but between all of the extra costs and the loss of income, they are quickly going to go into debt unless they can do something.

She still works at a full time job and makes decent money. She also receives medical coverage as a benefit from her job, so she really cannot quit her job to look after her husband.

They are making do with help from friends and family for both physical care as well as some financial support.

Friends and neighbors and even strangers have donated some of the medical equipment they needed to make their home friendlier for someone recovering from a stroke and dealing with physical impairments.

Judith would like to arrange for a $100 k mortgage on her home to help pay for the medical bills and the ongoing support her husband is going to need.

They have the equity in the home to support a mortgage and they have kept their credit rating as good as it can be. They have always paid their bills on time and only have a car loan they pay for.

Judith has charged quite a few items to her credit cards getting the house ready for husband to live more comfortably. She wants to consolidate these bills into the new mortgage.

A $100000 loan with an twenty-year term and 4.549% interest rate for Judith would cost him the following per month:

Loan Amount (principal) = $100000
Interest Rate = 4.549%
Term Length = 20 year
Monthly Payment = $635.30
Total Paid Back = $152471.38
Total Interest = $52471.38

Judith's husband is recovering slowly and making do with what they can afford in terms of medical equipment at home and modifications to the home.

They had to install an entrance ramp to make egress and ingress to their home easier. They also installed hand rails at various locations around the home to provide something for him to grab onto while he navigates around their home.

They also converted the dining room into a bedroom for him so that he does not have to climb the stairs to their second floor bedroom.

Judith has applied for a consolidation loan of $100k, however she does not need the full amount immediately. She wanted to apply for a larger loan to avoid having to come back in a year or two for another loan.

Judith is fearful of the future and does not really know how much money she will need over the next few years to help her husband. She is going to keep working to maintain her income and also her health benefits which are even more important than before.

Upon review, Judith might be better off applying for a line of credit with a total limit of $100k.

She can draw on the loan as needed rather than take the full amount immediately and avoid paying interest on money she did not need immediately. Judith is reviewing this option and trying to decide what to do.

If you're living in Oklahoma City like Judith, 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 Oklahoma City OK

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

Education Upgrades: College / University

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Oklahoma City Credit Counseling

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Counselors contact us for listing removal or info change.

Vance the Credit Doctor
1415 NW 43rd Street Oklahoma City
OK 73118 / 405.213.1888
vancethecreditdoctor.com

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Consumer Credit Counseling
Oklahoma City
OK 73102 / credit.org
405.231.0047

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Federal Resources

FTC Budget PDF / USA.GOV Debt Info

Oklahoma City Non-Profit Services

Food Bank: Regional Food Bank of Oklahoma / Address: 3355 South Purdue Avenue, Oklahoma City, OK 73137 / Phone: 405.972.1111

Hot/Cold Meals: Bethel Foundation / Address: 13003 North Western Avenue, Oklahoma City, OK 73114 / Phone: 405.286.3700

Shelter In Case of Eviction: City Rescue Mission / Address: 800 West California Avenue, Oklahoma City, OK 73106 / Phone: 405.232.2709

Social Assistance Programs: Oklahoma County Social Services / Address: Oklahoma City, OK 73141 / Phone: 405.713.1893

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Usury Law Governing Oklahoma City OK

Summary of Oklahoma Usury Law(s) / Legal: 6% / Contract: Any rate unless subject to Oklahoma U.C.C. / Judgment: Oklahoma judgment rate is 4% over U.S. T-bill rate for previous year / Corporate: No specific rate (read more on Oklahoma lending laws)

Complaint process for Oklahoma City residents:

Oklahoma Banking Department / Complaint Process

Physical Address:Oklahoma Banking Department / 2900 North Lincoln Boulevard, Oklahoma City, Oklahoma 73105 / Phone: 405.521.2782 or 918.295.3649 / Fax: 405.522.2993

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