Fair to Bad Credit Loans in WIWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > Wisconsin Last updated January 10th 2021 Commentary is for informational purposes only. See legal disclaimers here.Trouble Getting Approved in Wisconsin?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! Wisconsin Usury and RegulationsSummary of Wisconsin Usury Law(s) / Quote: "Legal: 5% / Contract: Any rate not exceeding various statutory maximums / Judgment: 12% / Corporate: No special rate" (WeFindLenders.com endeavors to include the most up to date legal data for Wisconsin, 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 Wisconsin, and/or contact the Wisconsin State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits) Wisconsin Usury Law Information: Legal Maximum Interest Rates: Quote: "5% unless otherwise agreed in writing (§138.04)" Usury Penalties:
Quote: "Lender intentionally violating fined $25 to
$500 and/or prison up to 6 months (§138.06(2))" Wisconsin Lenders By CityMilwaukee WI / Madison WI / Green Bay WI / Kenosha WI / Racine WI / Appleton WI Complaints to: Department of Financial Institutions: Bureau of Consumer Affairs / PO Box 8041, Madison, WI 53708-8041 / Phone: 800.452.3328 Fax: 608.264.7968 Wisconsin Lender Service Areas MapClick
or tap map image above for interactive version. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Educators Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Summit Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dane County Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Post Office Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Wisconsin Medical Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Capital Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Service Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Southern Lakes Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Blackhawk Community Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bad Credit Loan Form for WisconsinBad Credit Loan Example In WisconsinChrissie is about to inherit some cash from her grandmother’s estate and she would like to borrow the money in advance to help her pay off some of her debts. Her grandmother passed away a few months ago and according to the will she left Chrissie some money and other heirlooms that she wanted Chrissie to have. She knew Chrissie was having financial problems and wanted to help her out. According to the will she will receive over $20,000 in cash once the will has been probated and the assets sold to generate the cash that is to be paid out. It is taking somewhat longer than Chrissie anticipated since the courts had to step in and probate the estate. She is hoping that she will receive the money in a month or two months at the latest. Chrissie is applying for this bad credit loan on the basis that she is to receive this money and she really wants to repay all of her debts as soon as possible. She has missed payments and also declared bankruptcy a few years ago and had a lot of financial difficulty at that time. With this money she can catch up on everything and repay the loan in a month or two. She would like to borrow $15000 on a four year term.
She only plans to have the loan for a couple of months and then repay
it in full. • Loan Amount (principal) = $15000 This is really a high risk bad credit loan as far as the lenders are concerned. Chrissie does not make sufficient income to cover this loan and her other monthly rental and utility payments. She would be unable to meet the terms of this loan without the gift from her grandmother’s estate. She also has debt that she must repay although the loan would cover this debt. She does not have a good credit score and she does not have a very good history of repaying loans, given her bankruptcy a few years ago. It is very unlikely that anyone will approve this loan request under the present circumstances. They might consider her loan if she can provide some kind of documentation that shows she will inherit the cash she needs to repay the loan. A letter with a copy of the will from the lawyer or the executor who is handling the will might be accepted. Although this would be highly unusual it might be considered. Another issue the lenders wonder about is why not wait until she receives her portion of the inheritance and then repay what she owes. At most it will be a couple of months and will not cost her that much in interest charges on her debt. She could avoid the bad credit loan altogether. Chrissie is considering her options and will decide what to do in the next week or so. If you live in the State of Wisconsin 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 WILast 5 debt service loans approved in the State of Wisconsin. 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 6.79% 12.12% 8.17% 11.33% 13.54% Wisconsin Debt Consolidation ProvidersClick
or tap map image above for interactive version. American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Advisors Law Offices - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - GreenPath Financial Wellness - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Relief Milwaukee - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Landmark Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Educators Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Racine Municipal Employees CU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Racine Police Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Prospera Credit Union Appleton - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - CentralAlliance Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Wisconsin borrowers maybe better served
to first consult their own local bank or credit union before using online
services. It's always the best bet to check with the people in your local
community. However, if all else fails locally, you can use the form above
in your effort to find a local or national lender who provides debt consolidation
loans that are unsecured. If you have some sort of collateral asset, that
will help even more. Phillipe is facing many payments every
month and he is having trouble balancing all of the payments and meeting
the dates that each one is due. He is juggling his cash flow to try to
avoid late payments. He has used cash advances from his credit cards to
pay one card when it is due and then reversing the payment a week later
to pay off the other credit card. He has used pay day loan services, but
found they were even more expensive than cash advances from credit cards.
He no longer has this type of loan. While he is successfully juggling his
payments, it is getting more difficult every month. With the extra interest
payments on the cash advances, his cash flow is getting worse not better. He seems to be always paying interest.
He would like to be approved for a loan of $4000 and repay it over 2 years.
With a lower interest rate and regular payments, he is hoping to get his
budget and cash flow under control. He wants to get out of the cycle of using
cash advances to meet his budget and cash flow issues. What Phillipe is doing is actually quite
common. Many consumers having no choice, unable to pay their bills, are
using cash advances to meet short term financial requirements. Even though it is very expensive, and
interest charges are high, they feel they have no choice. They need to meet a bill payment requirement
or risk lowering their credit scores, collection action or even repossession
of vehicles. In many cases the situation just gets
worse due to the added expense of interest charges. His credit utilization is pretty high.
If he were able to repay his credit cards and keep the balances at zero
with a loan, his credit utilization would be lower and his credit score
would actually improve. He will need to make sure that he maintains
a zero balance on his credit cards or risk finding himself in the same
situation within a few months. If you live in the State of Wisconsin 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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