Fair to Bad Credit Loans in NE

Signature Loan In Nebraska

Peter is moving to a new job and needs a small loan to cover his moving costs and to purchase a few items that he would like to have in his new place.

His new job pays almost double what he is currently making, so it is definitely worth it for him to move and take on this journey in his life.

It will be the first time he will live away from where he grew up and he is really looking forward to it.

He was living in a small rental apartment and does not have much in the way of furniture, so he wants to rent a larger place and buy some furniture.

Peter also needs to be able to pay the first and last month rent, which he does not have at the moment. He was not able to save anything from what he made on his last job so he has nothing to put towards the rent.

He was living pay check to pay check which is difficult especially if you have some kind of emergency expense related to health, job loss or other expense.

With his new job he hopes to be able to save something to cover emergencies.

He needs this loan approved in a few days so that he can confirm the apartment he wants to rent. He is still going to take the new job and may have to live in a motel until he can find something he can afford.

This is not his first choice obviously; however, he knows it will be difficult for a few months until he receives his first pay check.

He needs $2500 and wants to repay it over a one year term.
A $2500 loan with a 1 year term 4.75% interest rate for Peter would cost him the following per month:

• Loan Amount (principal) = $2500
• Interest Rate = 4.75%
• Term Length =1 year
• Monthly Payment = $213.73
• Total Paid Back = $2564.79
• Total Interest = $64.79

Peter has no other debts at this time and he has an ok credit score.

He should be approved for this loan request. It is relatively small and he has a good record of paying rent etc. lenders will need a letter or something from his employer indicating he actually has a job at the salary he has indicated.

Often they will ask for a copy of a pay stub to confirm income levels. He has not started his job yet and has nothing to show that he is actually employed or what he will be making.

Once this information is provided he should be able to be approved for the loan and confirm the apartment he wants to rent.

They are holding it for him for a couple of days, however after that there is a list of people who are interested in the apartment and he has to move quickly if he wants this particular one.

Looks like Peter is going to drastically improve his life with a huge increase in income.

If you live in the State of Nebraska and you're struggling to get a loan approval with a bad credit rating we hope our website helps you in some way.

Omaha Debt Consolidation
455 N 10th St, Omaha
NE 68102

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A American Debt Consolidation
Lincoln, NE 68508
402.476.7070

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Debt Hero Omaha Consolidation
5645 North 90th Street, Omaha
NE 68134 - 402.206.2219

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OneMain Financial
1225 S Poplar St #300, North Platte
NE 69101 - www.onemainfinancial.com
308.534.4250

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Central Nebraska Federal Credit Union
609 S Locust St, Grand Island
NE 68801 - www.cnfcu.com
308.382.5041

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Archer Credit Union
510 G St P.O. Box 284, Central City
NE 68826 - archerccu.com
308.946.3070

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KRD Federal Credit Union
1001 W B St, McCook
NE 69001 - www.krd-fcu.org
308.345.7040

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Box Butte Employees FCU
504 W 3rd St, Alliance
NE 69301 - www.boxbutte.com
308.762.4725

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Consumers Co-Op Federal CU
217 Toluca Ave, Alliance
NE 69301 - www.ccfcuonline.com
308.762.1871

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Northeast NE Fed Credit Union
1306 N 13th Street Norfolk
NE 68701 - www.nnfcu.com
402.371.9345

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Dale Employees FCU
704 W Benjamin Ave, Norfolk
NE 68701 - www.dalecu.com
402.371.2242

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MembersOwn Credit Union
2600 Eastside Boulevard Suite
#614, Beatrice NE 68310
membersowncu.org
402.223.4204

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Southeast Nebraska Federal CU
2600 Eastside Boulevard #2, Beatrice
NE 68310 - 402.223.4204

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NE Debt Consolidation Application Form

About Consolidation Loans In Nebraska

For Nebraska residents who are considering a debt consolidation loan we have two approaches you can use. One: You can check out your local credit unions or banks if you have fair to good credit Two: If you have bad credit the above list of local lenders won't likely approve a loan, so you can use the application form on this page to access our bad credit lender list (A.K.A - The WFL Lender Pool).

Consolidation Loan in Nebraska

Neil has payday loans, credit card debt and he needs to come up with a $1000 for his deductible on his car insurance because his son totaled the car.

He needs a debt consolidation loan of $10500 and wants to repay it over a four year term.

This loan will relieve a lot of stress for Neil, if he can find a lender to approve this debt consolidation loan for him.

His son totaled the car and his insurance company is writing it off. The car was not worth a lot from an insurance value. It was an older car with high mileage on it.

The insurance company gave him what it was worth, less the deductible which left him with less than he needed to buy another used car.

He also has credit card debt that he is only paying the minimum monthly payment on.

As a result, he is paying high interest rates on the remainder and if he continues only paying the minimum balance it will take many years to repay it, much longer than a loan would take.

The majority of his monthly payment to the credit card company is interest.

He also has one pay day loan which he desperately wants to get rid of. The interest and fees are higher than the credit card charges for a much smaller loan.

Altogether he heeds $10500 to pay his pay day loan, his credit card debt and have a bit left over for the purchase of another car.

He will combine what is left over with what the insurance company gave him and try to find a car that he can afford and will not need much in the way of repairs.

A $10500 loan with a 4 year term 6.75% interest rate for Neil would cost him the following per month:

• Loan Amount (principal) = $11500
• Interest Rate = 6.75%
• Term Length =4 year
• Monthly Payment = $274.05
• Total Paid Back = $13154.40
• Total Interest = $1654.40

First of all, Neil should use the proceeds of what he received from the insurance company to repay the pay day loan and as much as he can of the credit card debt.

This will immediately reduce the total amount of interest he is paying and save him some money. This can be completed immediately while he is waiting to hear about the loan approval.

Neil, despite his credit card debt and pay day loan has a reasonable credit score and probably will be approved for the loan.

It will save him a great deal of interest costs compared to what he is dealing with now. Before his loan can be decided on, he will need to provide more information about his income and that of his wife.

The lenders need to establish that he has sufficient income to support the loan payment along with his regular living expenses for rent and utilities etc.

This is a standard process for all lenders and it will only take a few days to process the loan once he provides the information being requested.

If you live in the State of Nebraska 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.

Sincerely,

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.

Credit Counseling Services In NE

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