Fair to Bad Credit Loans in IAWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > Iowa Last updated April 4th 2021 Commentary is for informational purposes only. See legal disclaimers here.Trouble Getting Approved in Iowa?It's hard when your credit is bad right? We can help, and in about 10 seconds you're going to see how. Enter your zip and credit score to get started! Iowa Usury and RegulationsSummary of Iowa Usury Law(s) / Quote: "Legal: 5% Contract: 7% as of July, 2006; any rate agreed for business purposes or over $25,000 for personal or household purposes / Judgment: 2% over rate on 52 wk. T-Bill / Corporate: Any rate allowed" (WeFindLenders.com endeavors to include the most up to date legal data for Iowa, but no guarantee or warranty of any kind is expressed or implied as to the accuracy of said data. This data is not intended to be legal advice. For legal help speak with a lawyer in Iowa, and/or contact the Iowa State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits) Iowa Usury Law Information: Iowa Codes - Chapter 535 Legal Maximum Interest Rates: Quote: "Iowa law permits a maximum interest rate of 5%, unless another rate is agreed upon in writing. In that case, the interest can’t exceed the official usury rate as set by the Iowa Superintendent of Banking. This maximum for January 2015 was 4.25%, however when it started in 1978, the maximum rate was 10%, so it fluctuates greatly" Usury Penalties:
Quote: "It’s unlawful to charge a higher rate
of interest than permitted by these Iowa laws. If a person does charge
above the allowed amount, the plaintiff can get a judgment to pay
back only the principal debt without interest or costs. In addition,
the violator forfeits 8% of the unpaid principal at time of judgment" Iowa Lenders By CityDes Moines IA / Cedar Rapids IA / Davenport IA / Sioux City IA / Waterloo IA / Council Bluffs IA / Ames IA / Dubuque IA Complaints to: Iowa Division of Banking / Physical Address: 200 East Grand Avenue, Suite 300 / Des Moines, Iowa, 50309-1827 / Phone: 515.281.4014 / Fax: 515.281.4862 Iowa Lender Service Areas MapClick
or tap map image above for interactive version. Des Moines Metro Credit Union Veridian Credit Union Sioux Valley Community Credit Union Siouxland Federal Credit Union Dupaco Community Credit Union Warren Credit Union Public Employees Credit Union Collins Community Credit Union Linn Area Credit Union University of Iowa Community CU First Federal Credit Union Bad Credit Loan Form for IowaSignature Loan Example In IowaWinnie would like a signature loan to help her pay for modifications to her home to accommodate an electric wheel chair. She also needs the loan to help pay for the wheel
chair as well. When she first started looking at wheel chairs she
was amazed at how many options there were to choose from. It was actually
a bit over whelming. The modifications in their home involve installing a number of ramps at the entrance to their home and also into a sunken family room they have in their house. It is all a bit awkward, but they really have no
choice at this point. They are trying to make their life as comfortable
as they can, given the circumstances. They need another $6600 to help pay for all of this
expense which they will pay on a monthly basis with a three year term.
They are hoping for a low interest rate loan to help them keep the
payments as low as possible. They have some savings which they are going to draw on however they are reluctant to cash their savings in. Once it is gone, it is very difficult to save that money again. They would prefer in this case to borrow the money and pay on a monthly basis. They feel they can afford this added expense, although they will have to give up a few things in their lives.
He is still quite healthy and is even thinking of
taking a small part time job to help pay for the extra expense of
the wheel chair. Once they have it and Winnie is used to getting around
in the electric wheel chair she will have a lot more freedom than
she does now and it will be much easier on both of them. If you live in the State of Iowa and you're struggling to get a loan approval with a bad credit rating we hope our website helps you in some way. Sincerely, Chris Somerset Chris Somerset is the daughter of Lance Somerset who founded the We Find Lenders Pool. She contributes to WeFindLenders.com whenever she's not having fun with her three children and her husband Ron. Debt Consolidation Loans in IowaLast 5 debt service loans approved in the State of Iowa. Source: WFL Lender Pool. Updated Weekly. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right. $8000 $25000 $6500 $10000 $70000 9.00% 8.75% 6.64% 11.10% 13.70% Debt Consolidation Providers In IAClick
or tap map image above for interactive version. A American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - A American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Consumer Credit of Des Moines - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Relian Debt Relief - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - North Iowa Community Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Iowa Heartland Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - CENT Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Ace Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Fort Dodge Family Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Peoples Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Citizens Community Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - A American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Iowa consumers have a lot of choices for
consolidating debt, but your credit score will come into play in a big
way. If you're looking for debt relief or debt settlement that's a completely
different story. Your credit score has nothing to do with debt relief
because you're simply negotiating with your creditors to pay back a small
portion of what you owe. And of course your credit score will be
negatively affected. That's just common sense when you're basically defaulting
on your debts. But you need to be aware of the time you'll be spending
in the credit "penalty box". It will take time to repair your
credit, but it's only a temporary problem and you need to stay positive
and go forward with a plan. Alex needs his car repaired so he can
get back and forth to the doctor and also get to work. There is no public transit where he lives
so if his car is not road worthy, he has to rely on friends to help him
out getting to his appointments and going to work at odd hours. He needs a debt consolidation loan to
help him with his car repairs and also his single credit card. He has one credit card with a thousand
dollar limit on it. He recently bought a little furniture for himself
and charged it to his credit card. He knows he probably should not have spent
the money, but it was such a good deal that he really could not resist
the temptation. Now the statement has arrived and he
must pay the total by the due date or pay a lot of interest. He can afford
to pay about $250 of the balance. He will be charged interest on the full
balance. Worse than that, one of the brake lines
is leaking and must be replaced. Not only is the car not safe to drive,
it is going to cost him almost $1400 to have everything repaired. It has to be repaired soon so he can
get to work and also his doctor’s appointments next week. He knew he had to replace the pads, but
the rotors, calipers and the brake line leaking were a surprise for him.
We cannot always predict these things. That’s why many financial experts
recommend that consumers should always have an emergency savings fund
set aside to help them deal with these surprises. They always seem to
occur at the worst possible moments. His only debt is the thousand dollars
on the single credit card that he has in his name. He is not married and
works part time at a local bar as a bartender. He makes more than enough money to carry
this loan and has a good record paying his rent and utility payments.
Alex should anticipate a loan approval barring any other surprises.
If you live in the State of Iowa and you're
trying to get approved for a debt consolidation loan, we hope our website
helps you find a good lender regardless of your credit rating. 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. Click
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