Fair to Bad Credit Loans in WVWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > West Virginia Last updated January 10th 2021 Commentary is for informational purposes only. See legal disclaimers here.Money Trouble in West Virginia?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! West Virginia Usury and RegulationsSummary of West Virginia Usury Law(s) / Quote: "Legal: 6% / Contract: West Virginia Lender, sellers and other creditors are authorized to charge, as an alternative to other rates under any provision, up to a maximum rate fixed by the Lending and Credit Rate Board (18% in June 2006). No law limiting interest rates may be applied to any debt incurred by a loan, installment sale or similar transaction primarily for a business purpose / Judgment: 10% / Corporate: No special rate" (WeFindLenders.com endeavors to include the most up to date legal data for West Virginia, 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 West Virginia, and/or contact the West Virginia State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits) West Virginia Usury Law Information: Legal Maximum Interest Rates: Quote: "6% absent written agreement otherwise; 8% maximum contract rate - West Virginia Code 47-6-5: Legal Rate of Interest" Usury Penalties:
Quote: "Void as to all interest and debtor may recover
4 times all interest agreed to be paid with $100 minimum; West
Virginia Code 47-6-6: Usury and Usurious Contracts" West Virginia Lenders By CityCharleston WV / Huntington WV / Morgantown WV / Parkersburg WV / Wheeling WV Complaints to: West Virginia Division of Financial Institutions / 900 Pennsylvania Avenue, Suite 306, Charleston, WV 25302 / Phone: 304.558.2294 Fax: 304.558.0442 West Virginia Lender ListClick
or tap map image above for interactive version. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Pioneer West Virginia FCU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - State Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Charleston Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Star USA Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Universal Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Metro Community Fcu - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Huntingtonized FCU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Mountain Heritage FCU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - West Virginia Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bad Credit Loan Form for West VirginiaBad Credit Loan Example In West VirginiaMarc and his wife have really had a difficult year. He suffered an injury at work and had to take time off for almost a year. With no benefits and no disability checks coming in, they had to exist on his wife’s income which was not enough to sustain their lifestyle even with major cutbacks in spending. They quickly exhausted their savings and had to stop many payments on a variety of things. The last straw was their mortgage payments. Now the bank is threatening foreclosure on their home and they may need to move to an apartment if they cannot come up with the money they owe to the bank. They need a bad credit loan if they are going to make it through this tough time. They need a total of $45000 to pay the missed payments to the bank and a number of other debts that have added up. These include credit card, hospital bills and some bills they have not paid to doctors and treatment centers for Marc’s health issues. The good news is that Marc is ready to go back to work if he can find a job. He has already talked to his old employer, however ideally he would like to find a job that offers health benefits. He cannot afford another health scare like this one. If they can be approved for this loan of $45000 with a 20 year term, they can begin to get their lives back in order and also perhaps build up their savings once again. A $45000 loan with a 20 year term and 5.55% interest rate for Marc would cost him the following per month: • Loan Amount (principal) = $45000 Although Marc has missed payments on his homes mortgage, he actually has quite a bit of equity in the home since they had a large down payment when they purchased the home and they have been living in the home for over 15 years paying the mortgage every month. Although he still does not have a job, lenders will seriously consider his application for this loan. He has the equity in his home to use as security which will give him a better interest rate even though he has a bad credit rating stemming from his past year with his disability. His biggest single road block at this time is a lack of a job. If he can solve that problem, he likely will be approved for a loan. Marc’s wife continues to work and they are also negotiating with the bank who holds their mortgage. They are considering an option to renegotiate their mortgage and have what they owe to the bank incorporated and added to the balance of what they owe. This is another option for them to consider and perhaps even incorporate the other debt that they have. Marc is totally focused on finding a job, even a part time job to enable this application for a loan and / or negotiation with the bank for a revised mortgage. More to come with regards to this loan application from Marc. If you live in the State of West Virginia 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 WVLast 5 debt service loans approved in the State of West Virginia. 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% WV Debt Consolidation ProvidersClick
or tap map image above for interactive version. American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Hero Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Relief West Virginia - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - W V Air National Guard FCU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Pioneer West Virginia FCU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Peoples Federal Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Metro Community FCU - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - To all of our visitors from West Virginia
- after you get your consolidation loan approved, be careful not to fall
into the same trap that a lot of people fall in to. And that's when you
finally get all your creditors paid off with one monthly payment, and
then you start spending again and cranking up your credit card debt. Joy just needs a small loan of $800 which
she will pay back in less than a years’ time. This loan is incredibly important to her
because it means having a car to get back and forth to work or having
to take the bus. She found another position within a months’
time and was able to catch up on all of her other debts in the last few
months, however the car loan is the last one and she is now afraid of
losing the car. Her new job pays well and she is not worried
about the debt on her credit card at this time. If they are worried that you cannot pay
your monthly payments, they quickly cut their losses, repossess the vehicle
and then sell it or re-lease it to recover their investment. In addition, there are fees for repossession
paperwork, towing and storage. Clients end up with a fairly large bill
in addition to losing their car. It may take two to four years for these
items to be removed from her credit score. It certainly will help if she
is able to catch up and repay everything she currently owes along with
paying her car loan in full. If you live in the State of West Virginia 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 tap map image above for interactive version. - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Family Service Credit Counseling - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Consumer Credit Counseling Services - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - West Virginia Credit Counseling - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - FAQ
/ Privacy
/ Terms /
Contact
/ Site Map About
the WFL Lender Pool / Our
Team Ad
Disclosure / APR
& Fees / Collection ©2021
We Find Lenders Inc. All Rights Reserved |