Fair to Bad Credit Loans in VTWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > Vermont Last updated January 17th 2021 Commentary is for informational purposes only. See legal disclaimers here.Trouble Getting Approved in Vermont?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! Vermont Usury and RegulationsSummary of Vermont Usury Law(s) / Quote: "Legal: 12% / Contract: Legal Rate / Judgment: 12% / Corporate: No limit" (WeFindLenders.com endeavors to include the most up to date legal data for Vermont, 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 Vermont, and/or contact the Vermont State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits) Vermont Usury Law Information: Legal Maximum Interest Rates: Quote: "12 percent (Tit. 9 §41a)" Usury Penalties:
Quote: "Lender knowingly charging in excess of legal
rate may forfeit all interest, all expenses of collection, and reasonable
attorney's fee; first offense: fined not more than $500 and/or imprisoned
for not more than 6 (six) months; subsequent offenses: fined not more
than $1,000 and or imprisoned for not more than one (1) year (Tit.
9 §50)" Vermont Lenders By CityBurlington VT / Rutland VT / Essex VT / South Burlington VT / Bennington VT Complaints to: 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 Vermont Lender Service Areas MapClick
or tap map image above for interactive version. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Vermont State Employees CU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Opportunities Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Credit Union of Vermont - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Vermont Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - New England Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Vermont VA Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - NorthCountry Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - New England Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Members Advantage Community CU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bad Credit Loan Form for VermontBad Credit Loan Example In VermontKeith has a good heart, but life has thrown some curve balls at him. He needs a bad credit loan to pay for a number of things that he is dealing with at the moment. When trouble comes it is usually in threes and that certainly is what Keith is going through. First of all, his wife left him and they got divorced. The entire process left him with a bunch of debt and also a bad credit rating. It is a long story but that is the final result. They are both moving on at this point. Next he loaned his car to his son for the night and the car ended up being totaled. Fortunately, no one was seriously hurt, but there is the deductible to pay and some hospital bills. He also needs a new car and is in the process of looking for one that he can afford. He may not replace it since he ended up with two cars as part of the divorce settlement. The police felt that the accident was his sons fault and have charged him accordingly. Unless he fights this charge, there could be some jail time involved and also his son will have a record which he will carry with him for the rest of his life. He is not dealing well with the divorce and some of this is acting out, but he is going to pay a stiff price. Keith has sufficient funds to pay for the deductible for the car repairs and the hospital bills that were incurred as a result of the accident. He wants to borrow $10k to help pay for the legal fees associated with defending his son in court. A $10000 loan with a four year term and 7.49% interest rate for Steve would cost him the following per month: • Loan Amount (principal) = $10000 Keith was forced to make some tough decisions in the last few years. Some were beyond his control and many were. He ended up with a bad credit rating which he can do nothing about at this time. He now has to decide to downsize to one car which after a lot of thought has decided to do. It will save him quite a bit of money in terms of insurance, and gas. Also, he does not have to pay for repairs to the damage on his vehicle involved in the accident. He really wants to help his son. His son has no money for legal defense and needs to avoid a record which will impact him the rest of his life. While a bad credit loan will cost him a little more in interest charges, he wants to go ahead with the loan and hire a good lawyer to defend his son. He does not expect a full dismissal,
but would like to have him just pay a fine for his failure to follow
the highway traffic laws. If you live in the State of Vermont 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 VTLast 5 debt service loans approved in the State of Vermont. Source: WFL Lender Pool. Updated Weekly. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right. $75000 $8000 $35000 $25000 $60000 12.53% 8.17% 15.44% 6.44% 5.43% Vermont Debt Consolidation ProvidersClick or
tap map image above for interactive version. GreenPath
Debt Solutions - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Members Advantage Community CU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - One Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Central Vermont Med Center CU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Heritage Family Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - VSECU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Green Mountain Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Orlex Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - NorthCountry Federal Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - River Valley Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - From down south in Bennington to up north
in Burlington there's thousands of people dealing with debt issues just
like you. You all have that in common but at the same time each person's
financial problems are unique - almost like a finger print. And the solution is almost always unique
as well. This is why getting professional help can often be advantageous.
However, if you're just looking for a loan to consolidate all your debts
and only deal with one creditor, you may not need a professional service.
You may just get approved with a local credit union or bank. If you have
a bad credit rating you can use the form above to find a lender in the
WFL lender pool that will approve your loan request. Gladys grew up in Essex and her family
has been saving for a vacation trip to Disney and have almost enough to
cover the entire trip. They need another $2000 and they need
$3500 to consolidate credit card bills. In total they need a debt consolidation
loan of $5500 and they would like to repay their loan over a 2 year period. They have been planning this trip for
several years and saving for it as well. Prices continue to rise and they
never seem to have quite enough to cover the trip. Gladys wants to take her family this
year because the kids are at the right age to appreciate the trip and
they all will have a great time. They are trying to keep their costs under
control as much as possible, but it is still going to cost a great deal
between travel, admission, food and lodging for a family of five. While they have been saving for their
trip, they somehow allowed their credit card expenses to get out of control.
They try to pay the total balance every month and do not carry a balance
over the due date to avoid interest charges on their credit card account.
This past month they had car repairs and
a number of repairs to their home which were charged to the credit card.
The car repairs are necessary to prepare for their trip. They wanted to make sure that their car
is safe. They plan to drive the couple thousand miles from their home
state to Florida. A $3500 loan with a 2 year term 5.65%
interest rate for Gladys would cost her the following per month: Other than the credit card debt they have,
Gladys and her husband have a mortgage and a car loan that they pay every
month. They also have the other standard expenses
such as utility payments and taxes. Everything is current and up to date.
They have an average credit rating and
they make sufficient income to carry this additional loan payment. Lenders
typically look for all debt payments to be less than 35% of their total
monthly income. They will actually be less than 30% with
the loan payment added which leaves with sufficient cash flow for all
other regular expenses. The kids are pretty excited about going
to Disney. This loan will make it possible to go this year and their payments
will be quite reasonable. They are also taking a reasonable approach
to the cost of the trip. Some families will spend many thousands of dollars
on buying the t-shirts, the hats, the special meals etc. They look at
the trip as a once in a life time trip and they are going to experience
everything. While this is commendable, everyone has
to keep the cost in perspective and how big a debt load they can actually
afford from one trip. Gladys and her family seem to have this under control. If you live in the State of Vermont 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 or
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