Fair to Bad Credit Loans in WAWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > Washington Last updated January 10th 2021 Commentary is for informational purposes only. See legal disclaimers here.Trouble Getting Approved in Washington?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! Washington Usury and RegulationsSummary of Washington Usury Law(s) / Quote: "Legal: 12% / Contract: 12% / Judgment: Washington judgment rate is as contract provides, otherwise the higher of 12% or 4% above coupon yield of 26-week Treasury bills / Corporate: No special rate" (WeFindLenders.com endeavors to include the most up to date legal data for Washington, 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 Washington, and/or contact the Washington State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits) Washington Usury Law Information: Legal Maximum Interest Rates: Quote: "12% absent written contract rate (§19.52.010(1))" Usury Penalties:
Quote: "Debtor entitled to costs, attorney's fees,
and twice amount paid in excess of what lender is entitled to (§19.52.030(1))" Washington Lenders By CitySeattle WA / Spokane WA / Tacoma WA / Vancouver WA / Bellevue WA / Kent WA / Everett WA Complaints to: Mailing Address: PO Box 41200, Olympia WA 98504-1200 Physical Location: 150 Israel Road SW, Tumwater WA 98501 / Phone Numbers: 360.902.8700 Toll Free: 877.746-4334 TDD: 360.664.8126 En Español: 888.976.4422 Fax: 360.586.5068 Email: dfi@dfi.wa.gov Washington Lender ListClick
or tap map image above for interactive version. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Express Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Verity Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Salal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Spokane Federal Credit Union - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - HAPO Community Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Solarity Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Lower Valley Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - WSECU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bad Credit Loan Form for WashingtonBad Credit Loan Example In WashingtonPaul and his wife from Everett moved to Ireland a few years ago. His mother in-law paid to move all of the furniture to Ireland. After they were there a few years they both lost their jobs and decided to move back home. Mother in-law would not pay to move everything back, so they sold all of their belongings for pennies on the dollar in Ireland. They moved back to Illinois and had to begin all over again. They both were able to obtain jobs, but not after racking up some credit card debt and missing a few payments. Their credit score was already not so good and this just made it worse. Now they have a bad credit rating. They have been living with his wife’s parents which really is not going that well. They want to move out and need a loan to help them buy some furniture and all of the things they got rid of in Ireland. Mother in-law is not too pleased with them because they sold everything in Ireland. Apparently there was some really nice heirlooms and furniture that they should have actually not sold. She is done helping them and now they need what amounts
to a bad credit loan to help them pay their credit card debt and also
buy some essentials for the apartment they want to move into. They need
a $4200 loan with a three year term to get them settled. • Loan Amount (principal) = $4200 Paul and his wife have made a lot of bad mistakes financially and personally over the years. One of the worst things you can do is have your in-laws upset with you. Most parents will help their children out whenever they need help, however there is a limit and they seemed to have reached the limit of what the parents are willing to deal with. The same applies to lenders. Although Paul and his wife are now working they have not really demonstrated very good money management skills and with a bad credit score they appear to be a high risk client. What they may not realize is that items reported to a credit score can stay on their report for up to seven years. Even though they were gone from the country for two years, they still have reports from four or five years ago. With the current missed payments reported to the credit rating agencies and their former issues, they are not a good credit risk at all. Even with a gap of two years with no issues, their score quickly nosedived with the latest non payment issues. It is very unlikely that any lender will take this couple on as clients unless they can perhaps reduce the loan requirements or provide some sort of equity to provide a guarantee for their loan. They may have to scrimp and save for a few years before they can apply for and be approved for a loan. If you live in the State of Washington 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 WALast 5 debt service loans approved in the State of Washington. Source: WFL Lender Pool. Updated Weekly. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right. $30000 $45000 $40000 $100000 $55000 12.53% 8.17% 15.44% 6.44% 5.43% Washington Debt Consolidation ProvidersClick
or tap map image above for interactive version. American Financial Solutions - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Reduction Services - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Northwest Debt Relief Law Firm - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Inspirus Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - State Highway Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Generations Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Mountain Crest Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Consolidation Seattle - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Whatcom Educational Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Reduction Services - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - To all of our Washington State visitors
- make sure before you jump into a debt consolidation loan be sure that
it's actually the right solution for you. Read about your choices in our
Should
You Bother? section. A consolidation loan may not be the best idea
for you. If after learning about your different
debt management options, and you believe consolidating is the right route
to take, feel free to use our application form for bad credit borrowers.
If your credit is fair to good, you can check out some of the providers
we have listed above. Ron from Spokane admits he is not good
at managing his money. He likes to enjoy life now and worry about the
future when it arrives. He usually spends all of his paycheck
and never sets aside anything for future expenses. He is good at paying
his bills i.e. rent, utilities, car payments etc. If there is any cash left, he will spend
it on something. But now he needs a debt consolidation loan to help him
move from one apartment to another. He is moving to be closer to his new job.
He will receive his original deposit back in a few weeks once the landlord
has inspected everything and gets around to refunding his deposit. In the meantime, he has to pay for his
first and last month rent up front at his new place and also provided
a refundable damage deposit. Because he spends everything he makes and
lives from pay check to pay check, he does not have any money at all to
pay for these expenses. This is all about cash flow for him and
not having any savings to help him through temporary extra expenses. He
also just realized that he will have to wait two weeks before he is paid
on his new job which is going to create even more cash flow pressure.
Who knew that changing jobs and moving
at the same time would create such problems. It is a good thing that this
new job pays more and has better long term prospects for him, otherwise
it might not be worth it. A $2000 loan with a 1 year term 9.65%
interest rate for Ron would cost him the following per month: • Loan Amount (principal) = $2000 Ron only needs $2000 to get him through
this temporary cash flow problem. He would like a one year term to repay
the loan. When he receives his original damage deposit from his previous
landlord, he will use it to repay part of his loan. Since he is going to be making a little
more from this new job he should have sufficient cash flow to handle the
added monthly expense. Never the less he will have to watch his
spending for a few months until he has repaid this loan or gotten used
to the idea of having less to spend each month. Consumers like Ron should
really develop some kind of savings plan that allows them to have some
sort of savings to help them in situations like the one Ron is facing. A savings plan would actually reduce
his interest expense and save him money at the same time.Since Ron actually
has a pretty good credit score, he should have no problems being approved
for the loan. He is moving and starting a new job at
the same time, so he will be asked to provide a copy of his new lease
and a letter from his employer to indicate that he actually has a new
job and the salary that he is going to be paid. Once this is done, he
should have no problem with the loan approval. If you live in the State of Washington 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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