Fair to Bad Credit Loans in WV

We Find Lenders Who Lend To Bad Credit Borrowers

We Find Lenders Inc. Fair To Bad Credit Loans Logo

Home > How To Apply > West Virginia

Last updated December 2nd 2018

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...we got you!

West Virginia Applicants
See How We Can Help You Get Funded!

West Virginia Usury and Regulations

Summary 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"

Judgment Interest Rates: Quote: "10% West Virginia Code 56-6-31: Interest on Judgments "

Legal Exceptions: Quote: "Life insurer (33-13-8), Consumer credit sales (46A-3-101); Installment sale for business purposes; loans for business purposes (47-6-11)"

West Virginia Lenders By City

Charleston WV / Huntington WV / Morgantown WV / Parkersburg WV / Wheeling WV

Complaints to:

West Virginia Division of Financial Institutions / West Virginia Complaint Process / Compaint form PDF for download

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 List

West Virginia Bad Credit Lenders Map - Initial Static Image

Click or tap map image above for interactive version.
Lenders
contact us for listing removal or amendment.


Members Choice WV FCU
201 Ohio Ave Charleston
WV 25302 - 304.346.5242
www.memberschoicewv.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Pioneer West Virginia FCU
1316 Kanawha Blvd E, Charleston
WV 25301 - www.pioneerwv.org
304.348.6648

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

State Credit Union
2200 Washington St E, Charleston
WV 25311 - www.wvpecu.org
304.558.0566

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Charleston Federal Credit Union
300 Virginia St E #4203, Charleston
WV 25301 - 304.347.3393
www.cfcuwv.virtualcu.net

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Star USA Federal Credit Union
1 Cantley Dr, Charleston
WV 25314 - www.starusafcu.com
304.357.2319

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Universal Federal Credit Union
317 31st St, Huntington
WV 25702 - 304.697.2919
www.universalfcu.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Metro Community Fcu
215 18th St, Huntington
WV 25703 - 304.697.4652
www.metrocommunityfcu.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Huntingtonized FCU
481 W 8Th Ave, Huntington
Wv 25701, Huntington, WV 25701
www.huntingtonized.com
304.528.2400

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Mountain Heritage FCU
1822 7th St, Parkersburg
WV 26101 - www.mhfcu.net
304.424.7256

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

West Virginia Credit Union
411 Cedar Grove Road Parkersburg
WV 26104 - www.wvcul.org
304.485.4521

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Bad Credit Loan Form for West Virginia

Fast Loan Pre-App Method
Accessing Bad Credit Lender Pool (?)

Learn about GAP (Gift Angel Program)

 

Bad Credit Loan Example In West Virginia

Marc 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
• Interest Rate = 5.55%
• Term Length =20 year
• Monthly Payment = $310.82
• Total Paid Back = $74597.15
• Total Interest = $29597.15

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 WV

Last 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.

$8000 $13000 $80000 $35000 $60000

10.79% 14.12% 13.47% 14.83% 13.69%

WV Debt Consolidation Providers

West Virginia Debt Consolidation Loan Providers - Initial Static Image

Click or tap map image above for interactive version.
Lenders
contact us for listing removal or amendment.


American Debt Consolidation
Huntington WV 25701
304.522.0622

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Debt Hero Debt Consolidation
411 Virginia St E
Charleston, WV 25301
304.513.1228

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Debt Relief West Virginia
921 Market St, Parkersburg
WV 26101 - 304.485.0547

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

American Debt Consolidation
Morgantown, WV 26505
304.292.0079

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

W V Air National Guard FCU
1512 Coonskin Dr, Charleston
WV 25311 - www.wvngfcu.com
304.342.2422

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Pioneer West Virginia FCU
1507 Main St E, Oak Hill
WV 25901 - www.pioneerwv.org
304.465.2060

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Ravenswood Federal CU
245 S Church St, Ripley
WV 25271 - www.rfcu.net
304.372.2124

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Peoples Federal Credit Union
419 1st Ave S, Nitro
WV 25143 - 304.722.2274
www.peoplesfcu.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

American Debt Consolidation
Wheeling, West Virginia
WV 26003 - 304.232.1198

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Metro Community FCU
215 18th St, Huntington
WV 25703 - 304.697.4652
www.metrocommunityfcu.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

WV Consolidation Application Form

West Virginia Application Form
Bad Credit Debt Consolidation Loans (?)
 

About Consolidation Loans In WV

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.

Consolidation Example in West Virginia

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 is recovering from a job loss and owes $1200 in overdue payments on her car loan.

They have told her that the leasing company will initiate repossession of her car unless she comes up with the $1200 in the next week.

She has $400 and just needs another $800 to be able to repay them. She lost her job earlier in the year and got behind on various payments.

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.

Joy pays rent and utilities for her apartment. She is up to date on all of these monthly payments. She has some credit card debt and expects to repay what she owes in another month.

She could apply for a debt consolidation loan and be up to date on everything, however right now she is so worried that she will lose her car. She just wants a loan to cover her car payments and she will catch up on the rest.

Her new job pays well and she is not worried about the debt on her credit card at this time.

A $800 loan with a 1 year term 7.65% interest rate for Joy would cost her the following per month:

• Loan Amount (principal) = $800
• Interest Rate = 7.65%
• Term Length = 1 year
• Monthly Payment = $69.46
• Total Paid Back = $833.54
• Total Interest = $33.54

Joy is fortunate that she was able to find another job so quickly and she is quite focused on repaying her debts. Leasing companies do not fool around.

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.

Joy needs her car to get back and forth to work. If she loses the car, life commuting will be very difficult for her. Her credit score has suffered over the past few months with the missed and late payments.

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.

Since this is such a small loan, Joy should have no problem with being approved. In fact, the proceeds of the loan can be paid directly to her checking account and she can then transfer the $1200 she owes to the car leasing company.

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.

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 WV

West Virginia Credit Counseling Providers - Initial Static Image

Click or tap map image above for interactive version.
Counselors
contact us for listing removal or amendment.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Family Service Credit Counseling
51 11th St #340 Wheeling, WV 26003
www.creditcounselingservicesusa.com
304.232.6733

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Consumer Credit Counseling Services
1102 Memorial Blvd, Huntington
WV 25701 - www.goodwillhunting.org
304.522.4321

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

West Virginia Credit Counseling
Morgantown, WV 26505 - 304.292.1448

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

WFL Loan Product Menu

  • Bad credit scores below FICO 650
  • 200+ lenders review your pre-application(s)
  • Applying does not worsen your credit score
  • Interest rates starting as low as 9% (cs)
  • Collateral not always required
  • Funding between 24 hours and 5 days
  • Terms from 6 months to 10 years
  • Borrow between $500 and $50,000
  • Loans for people with 650+ credit scores
  • 500+ lenders can review your application
  • Interest rates starting as low as 7% (cs)
  • Fast approvals and fast funding
  • Line of credit approvals with reasonable APR
  • Borrow between $500 and $150,000
  • Lenders who provide bad credit consolidation
  • Debt settlement or debt relief services
  • 300+ lenders can review your application
  • Interest rates starting as low as 7% (cs)
  • Seamless approval and funding process
  • Debt relief counseling available
  • Borrow form $5000 - $150,000

Loan Calculator / Estimation Only

- - - - - - - - - - - - - - - - - - - - - Enter
  Loan Amount
  Interest rate
  Term In Yrs
- - - - - - - - - - - - - - - - - - - - - Results
  Mo. Payment
  $$ To Lender
  $$ of Interest

 

Important Information

FAQ / Privacy / Terms / Contact / Site Map

Disclaimer / Security / FICO Impact / Credits

About the WFL Lender Pool / Our Team

Ad Disclosure / APR & Fees / Collection

Default Implications / Service Areas

 

Back to Top

©2018 We Find Lenders Inc. All Rights Reserved