Fair Credit Lenders in Burlington VT
Lenders: contact
us for listing removal.
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Vermont Federal Credit Union
84 Pine St Burlington
VT 05401 / www.vermontfederal.org
888.252.0202
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NorthCountry Federal Credit Union
69 Swift Street, South Burlington
VT 05406 / www.northcountry.org
800.660.3258
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New England Federal Credit Union
1000 Shelburne Road, S Burlington
VT 05403 / www.nefcu.com
800.400.8790
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Green Mountain Credit Union
4 Laurel Hill Dr #3, S Burlington
VT 05403 / greenmountaincu.com
802.864.6892
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VSECU
125 St Paul Street, Burlington
VT 05401 / www.vsecu.com
802.371.5162
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Green Mountain Credit Union
4 Laurel Hill Dr #3, S Burlington
VT 05403 / greenmountaincu.com
802.864.6892
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Opportunities Credit Union
92 North Avenue, Burlington
VT 05401 / www.oppsvt.org
802.660.4751
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Members Advantage Community CU
50 White Street, South Burlington
VT 05403 / www.maccu.org
802.862.8184
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Mascoma Savings Bank
180 Battery Street, Burlington
VT 05401 / www.mascomabank.com
802.658.8500
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People's United Bank
1001 Shelburne Rd South Burlington
VT 05403 / branches.peoples.com
802.658.3424
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Bad Credit
Loans in Burlington VT
Burlington VT Lender
Area Map
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map.
Burlington VT Loan App
Volume
Top 5 Burlington
neighborhood loan app volume
- N Winooski Avenue/Pearl Street
- Burlington College/North Avenue
- Starr Farm Beach
- Old North End
- Riverside Avenue/Colchester Avenue
Burlington Bad Credit Loan Example
Sastry's divorce did not go quite as well as he
had anticipated. He expected to end up with the house, the car and the
furniture after paying his wife an undisclosed amount of money.
They had squabbled over almost everything and the legal
bills just kept getting larger and larger.
His lawyer just sent him the bill for the legal fees and
also advised him just how much he still owed his ex-wife. It seems that
in exchange for him retaining all of the items from the divorce she wants
all cash.
She does not want to be reminded of their marriage at
all and wants to start her life over with a bank account full of cash.
Sastry will on the other hand be in a debt situation and
in need of a consolidation loan. He needs funds to pay his ex-wife, his
lawyer and he has a number of expenses that were charged to his credit
cards.
He just does not have the ready cash to meet all of these
commitments and would like to arrange for a $45k debt consolidation loan
to cover everything.
The divorce proceedings and the difficulties leading up
to the divorce has hurt him in other ways as well.
Some utilities were not paid on time and also some credit
card bills that were jointly held accounts were also not paid on time.
Needless to say, his credit score suffered and so did
his wife's credit score. Maybe that is why she wants an all cash
settlement.
The joint accounts have been closed and he has established
his own bank accounts and credit card accounts. Over time he will recover
his credit score, but until then he will have to most likely pay higher
interest rates on loans and mortgages.
A $45000 loan with an ten-year term and 5.29% interest
rate for Sastry would cost him the following per month:
Loan Amount (principal) = $45000
Interest Rate = 5.29%
Term Length = 10 year
Monthly Payment = $483.70
Total Paid Back = $58043.88
Total Interest = $13043.88
Sastry was able to arrange for a long term personal loan
even with a poor credit score. He has been with the same company for over
ten years and except for the divorce period has had an excellent record
of paying all of his debts on time and in full.
He hopes to pay off his loan more quickly than contracted,
however for the time being he is satisfied with what he was able to arrange.
He is getting his life organized. The lawyer is paid,
the ex-wife is paid and he does not need to pay any alimony payments.
He can look to the future now without any new obligations
looming on the horizon or any that carry over from the failed marriage
other than this personal loan.
The loan is the last item linking him with the marriage
and he has come to realize that he needs to pay it off as fast as he can
to be fully released from his former life.
Although he has the house which was part of his former
marriage, he looks at this as an investment. He does not plan to live
their forever.
If you're living in Burlington like Sastry,
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 Burlington VT
Job/Income Upgrades: Indeed
/ Snag-A-Job
Education Upgrades:
College / University
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Burlington
Credit Counseling
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map.
Counselors contact
us for listing removal or info change.
Consumer Credit Counseling
41 Idx Drive, South Burlington
VT 05403 / 802.658.7620
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GreenPath Debt Solutions
41 Idx Dr Suite 210, South
Burlington, VT 05403
www.greenpath.com
802.658.7620
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Federal Resources
FTC
Budget PDF / USA.GOV
Debt Info
Burlington Non-Profit Services
Food Bank: Chittenden
Emergency Food Shelf / Address: 228 North Winooski Avenue, Burlington,
VT 05401 / Phone: 802.658.7939
Hot/Cold Meals: Salvation
Army / Address: 64 Main Street, Burlington, VT 05401 / Phone: 802.864.6991
Shelter In Case of Eviction:
COTS / Address: 95 North Avenue, Burlington, VT 05401 / Phone: 802.864.7402
Social Assistance Programs:
Human Services Agency / Address: Burlington, VT 05401 / Phone: 802.651.1684
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Usury Law Governing
Burlington VT
Summary
of Vermont Usury Law(s) / Legal:
12% / Contract: Legal Rate / Judgment: 12% / Corporate: No limit
(read
more on Vermont lending laws)
Complaint process for Burlington
residents:
Vermont
Department of Financial Regulations /
Vermont
Complaint Process / Vermont
Banking Complaints
Physical Address: Vermont Department of
Financial Regulation / Banking Division ATTN: Consumer Assistance / 89
Main Street, Montpelier, VT 05620-3101 / Phone: 888.568.4547 Fax: 802.828.1477
/ Scanned complaint form may be emailed: DFR.BnkConsumer@vermont.gov
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