Fair Credit Lenders in Rutland VT
Lenders: contact
us for listing removal.
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Credit Union of Vermont
2 S Main St Rutland
VT 05701 / cuvermont.coop
802.775.4462
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Heritage Family Credit Union
30 Allen Street, Rutland
VT 05701 / www.hfcuvt.com
888.252.8932
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Green Mountain Credit Union
3141 Cold River Road, Rutland
VT 05701 / greenmountaincu.com
802.776.1142
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VSECU
72 Seward Road, Rutland
VT 05701 / www.vsecu.com
802.371.5162
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Rutland County Municipal CU
77 Woodstock Avenue # A, Rutland
VT 05701 / 802.775.6448
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Bar Harbor Bank & Trust
484 Main Street, West Rutland
VT 05777 / www.bhbt.com
802.438.2370
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People's United Bank
87 West Street, Rutland
VT 05701 / branches.peoples.com
802.775.8500
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NBT Bank of Rutland
122 West St #101, Rutland
VT 05701 / www.nbtbank.com
802.747.6982
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Community Bank NA
286 Route 7 South, Rutland VT
05701 US, 286 US/7
Rutland, / VT 05701
www.communitybankna.com
802.747.5000
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Bad Credit
Loans in Rutland VT
Rutland VT Lender
Area Map
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map.
Rutland VT Loan App
Volume
Top 5 Rutland
neighborhood loan app volume
- North Rutland Area
- Proctor North East Area
- East Rutland Area
- South Rutland Area
- Prospect Hill North Area
Rutland Bad Credit Loan Example
Francis and his wife just purchased a
condo near the beach. They are really excited about this place, it is
in a great location and they are looking forward to spending lots of time
there on the weekends and taking their vacation at their new condo.
Francis'; wife has ideas about changes
that she wants to make before they buy furniture and get it ready for
their family to visit.
Most places need a thorough cleaning before you move in and this one is
no exception.
But his wife wants to do a lot more than
just clean. She wants new countertops in the kitchen along with a new
backsplash and new appliances. She will put up with the cupboards, but
would really prefer that they were also replaced.
There are two bathrooms which also need
to be updated with granite countertops, new toilets, and mirrors and tile
in the shower and of course the floors.
They have had several estimates for all
of this work and it comes close to $60k in total renovation costs. These
charges do not include repainting all of the walls and the major cleanup
that is required in the other rooms.
Francis and his wife are negotiating with
each other what work will be done and how much they will do themselves.
He wants to do all of the painting and
the cleanup and delay renovation of one of the bathrooms to another year
to manage their total costs.
She wants everything done now so they
only have to deal with a mess once and clean once. Either way they are
going to need a loan for somewhere between $40 and $60k to complete all
of this work.
A $60000 loan with an twenty five-year
term and 4.19% interest rate for Francis would cost him the following
per month:
Loan Amount (principal) = $60000
Interest Rate = 4.19%
Term Length = 25 year
Monthly Payment = $323.03
Total Paid Back = $96909.14
Total Interest = $36909.14
Once they applied for a loan, they realized
just how much these upgrades are really going to cost. In addition to
the $60k of actual work, the loan will cost another $37k in interest charges
even with a low interest rate.
They fortunately qualified for a low interest
loan since they have a great credit score and were able to place a large
down payment on the condo when they purchased it.
Sometimes it takes cold hard numbers to
bring couples to the table to compromise on how much they want to spend
on something like renovations.
Francis and his wife decided that they
would schedule this work over several years instead of completing all
of the work at the same time.
It means they will have to endure construction
several times during their vacation time, but this scenario will be much
more affordable for them.
They are going to apply for a new loan
and then begin the highest priority work. While it will take several years
to complete, they still get to spend time at their new place and enjoy
the beach etc.
If you're living in Rutland like Francis,
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 Rutland VT
Job/Income Upgrades: Indeed
/ Snag-A-Job
Education Upgrades:
College / University
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Rutland
Credit Counseling
Tap image for interactive
map.
Counselors contact
us for listing removal or info change.
GreenPath Debt Solutions
26 West St, Rutland, VT 05701
www.greenpath.com
802.773.2143
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Lon A Smith / Financial Advisor
(Edward Jones Associate)
82 Woodstock Ave, Rutland, VT 05701
www.edwardjones.com
802.773.5992
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Federal Resources
FTC
Budget PDF / USA.GOV
Debt Info
Rutland Non-Profit Services
Food Bank: Rutland Community
Cupboard / Address: 65 River Street, Rutland, VT 05701 / Phone: 802.747.6119
Hot/Cold Meals: Open
Door Mission / Address: 31 Park Street, Rutland, VT 05701 / Phone: 802.775.5661
Shelter In Case of Eviction:
HPC (Homeless Prevention and Rapid Rehousing) / Address: Patch Place Building
A, Box 7, 56 Howe Street, Rutland, VT 05701 / Phone: 802.775.9286
Social Assistance Programs:
Rutland County Housing Coalition / Address: 46 Evelyn Street # 201, Rutland,
VT 05701 / Phone: 802.775.9286
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Usury Law Governing
Rutland 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 Rutland 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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