Lenders: contact
us for listing removal.
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One Source Federal Credit Union
8870 Gazelle Dr, El Paso, TX 79925
www.onesourcefcu.org
915.592.0223
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First Light Federal Credit Union
1555 Lee Trevino Dr, El Paso, TX 79936
www.firstlightfcu.org
915.562.1172
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Evolve Credit Union El Paso TX
8840 Gazelle Dr, El Paso, TX 79925
www.evolvefcu.org
915.593.5866
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Mountain Star Federal Credit Union
2229 E Yandell Dr, El Paso, TX 79903
mountainstarfcu.org
915.544.2215
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WestStar Bank
500 N Mesa St, El Paso, TX 79901
www.weststarbank.com
915.532.1000
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United Bank El Paso Del Norte
125 N Mesa Hills Dr, El Paso
TX 79912
www.unitedelpaso.com
915.231.2500
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Wells Fargo Bank
6960 N Mesa St, El Paso, TX 79912
www.wellsfargo.com
915.521.4058
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Pioneer Bank @ Gateway Blvd
6068 Gateway Blvd E, El Paso
TX 79905
www.pioneerbnk.com
915.782.2400
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Merrill Lending
8824 Mt Delano Dr, El Paso, TX 79924
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United Bank of El Paso
1726 N Zaragoza Rd, El Paso
TX 79936
www.unitedelpaso.com
915.231.2500
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Bad Credit
Loan Form for El Paso TX
El Paso TX
Lender Service Area Map
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for larger interactive map.
Lender Lists for Other
Texas Cities
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TX / San
Antonio TX / Dallas
TX / Austin
TX / Fort
Worth TX
El Paso TX
5x5 Loan App Volume
Top 5 El Paso neighborhoods
for loan application volume in the last 5
months.
Source: WFL
Lender Pool. Updated
Monthly.
Bad Credit Loan in El Paso TX
Judy out of El Paso had a really bad credit score.
Her FICO was 578 with Experian, 589 with Transunion, and 581 with Equifax.
Her score got beaten up because she had missed payment
deadlines on most of credit cards. And not just missing a payment for
a month either. Some cards she didn't pay for almost 6 months.
A perfect recipe for a perfect storm on your credit
score. No matter what we need to make that minimum payment amount on
our cards.
So with a credit score in the 550 - 590 range there
was no way she would get approved for a loan. And that goes for any
credit unions or banks. With a score that low Judy wasn't going to be
considered for a loan with her own credit union branch.
Judy comes from a family that's always been struggling
with money. She grew up in a very small house on the "least expensive"
side of El Paso. The loan she was requesting was to avoid eviction.
She was late on her mortgage as well as her credit
cards. She was given notice that she would be evicted in a month if
there was no payment made to the bank.
She needed to come up with at least $3000 if they wanted
to stay in their home. That was $3000 dollars more than what they had
in the bank.
• Loan Amount (principal) = $3000
• Interest Rate = 16.45%
• Term Length = 1 years
• Monthly Payment = $272.83
• Total Paid Back = $3,273.98
• Total Interest = $273.98
I know that a rate over 16% is horrible, but when your credit rating
is in the 25% range, it's a improvement. However, if your rate is this
high you want to make sure you pay it off as fast as possible.
You may notice that 16% is well over the usury rate
for Texas. Good catch there. In some state the usury law only applies
to individuals and not some of the major lending institutions. I know
...ridiculous right. But that's just how it goes.
In lenders in Texas have some of the most relaxed laws
in the country.
If you live in El Paso TX and
you need a loan regardless of a bad credit rating we hope our website
helps you in some way.
Sincerely,
Lance Somerset

Lance
Somerset founded the We
Find Lenders Pool. He writes for WFL on rare occasions just for
the fun of it, and to stay current with the content on our website.
His son Andy and daughter Chris handle most of the research and writing.
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Employment & Education Advancement
Opportunities in El Paso TX
If you live in El Paso and you're struggling
to make ends meet, you may want to consider these ideas.
Job Upgrade: Indeed
/ Monster
Education Advancement:
College / University
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Credit
Counseling In El Paso TX
Tap image
for larger interactive map.
Credit Services Of El Paso
6416 Gateway Blvd E, El Paso, TX 79905
www.creditservicesofelpaso.com
915.595.1111
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Texas Consumer Credit Services
221 N Kansas St #700, El Paso, TX 79901
www.texasconsumercredit.com
915.201.2604
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True Credit Solutions
6999 Montana Ave, El Paso, TX 79925
www.truecreditsolutions.com
915.778.2300
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It's Time - Credit Repair LLC.
12210 Montwood Dr #111, El Paso, TX 79928
www.itstimecreditrepair.com
915.857.3700
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Federal Resources
FTC
Budget PDF / USA.GOV
Debt Info
El Paso Non-Profit Services
Food Bank: Kelly Memorial
Food Pantry / Address: 915 North Florence Street, El Paso, TX 79902 /
Phone: 915.261.7499
Hot/Cold Meals: El Pasoans
Fighting Hunger Food Bank / Address: 9541 Plaza Circle, El Paso, TX 79927
/ Phone: 915.298.0353
Shelter In Case of Eviction:
Opportunity Center Homeless / Address: 1208 Myrtle Avenuw, El Paso, TX
79901 / Phone: 915.577.0069
Social Assistance Programs:
Health & Human Services Commission / Address:
401 East Franklin Avenue #450, El Paso, TX 79901 / Phone: 915.834.7500
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Usury and
Regs. Governing El Paso TX
Usury Law(s) for El Paso TX / Legal:
6% Contract: Limit is calculated as per the median (avg.) twenty-six
month United States T-Bill amounts times two. However, it can't be
lower than eighteen percent or over twenty-four percent. Judgment:
calculated as per the fifty-two week T-Bill
but never less than five percent or higher than twenty percent. Complete
usury law for Texas see
§306
and §303
/ for Texas residents
with bad credit or fair credit who want to submit
a loan application
If you believe any El Paso Texas
based lender is using predatory lending tactics, you can file a complaint:
Texas Department of Savings and Mortgage and Lending / Physical mailing
address is 2601 N. Lamar, Suite #201, Austin, TX 78705 / Toll free: 1-877-276-5550
/ Fax: 512-936-2003 / Online
complaint form / See full
list of ways to file a complaint against a lender in Texas
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