Eau Claire, WI

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Bad Credit Loans Eau Claire, WI

Get a Personal Loan with Bad Credit in Eau Claire

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Applying for a bad credit loan in Eau Claire, WI is super easy. Just fill out our online application and get an instant decision.

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A special representative will work with you to help your loan approved. Credit scores don't matter as much as your ability to pay back the loan.

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Bad Credit Loans Eau Claire, WI

Are you looking for a bad credit loan in Eau Claire? Do you need to get cash to handle a financial emergency right now? No matter why you need money, Civic Egypt Loans makes getting a Eau Claire installment loan both fast and affordable. We have over 40 years of experience lending money to borrowers when they need it and we’re bringing our industry leading products and service to the good people of Eau Claire, WI!

A bad credit loan Eau Claire, WI is a financial fix for consumers who need help paying bills, but have an unattractive credit score and weak credit history. It is not a match made in heaven – a low credit score means you’re going to pay higher interest to get this personal loan for bad credit borrowers – but if you need to borrow money in Eau Claire, this is one way. We also have bad credit loans in Fitchburg and De Pere.

You probably will feel better about things if you use the other name for a “Eau Claire bad credit loan,” which is the much-more acceptable term “personal loan Eau Claire, WI.” By either name, this is a is a viable debt-relief option, especially if you’re in an emergency financial situation. Bad credit loans in Eau Claire work in exactly the same way a Eau Claire personal loan does. It’s money you borrow and pay back in fixed monthly installments, usually over the course of one year, but it could go three years. The loan can be used for just about anything, including consolidating credit card debt, paying off medical bills, buying a car or even making a major repair to your own car.

Eau Claire Bad Credit Personal Loans: How to get one right now:

Past mistakes shouldn’t keep you from getting a loan in Eau Claire. At Civic Egypt we base the qualification for our bad credit loans on your ability to pay it back, not your credit score. We help borrowers of all financial standings, both good and bad credit, get the money they need, when they need it, without making it a hassle.

  • Check your credit report: Before you apply for a Eau Claire bad credit loan, check your credit report and address any errors that could be impacting your score. Bumping your credit several points can not only boost your chances of qualifying, but also get you a lower interest rate.
  • Visit a credit union: Bad credit personal loans in Eau Claire, WI from Civic Egypt are fast and convenient, but you may get a lower rate and more personalized service from a credit union. The maximum APR offered at federal credit unions is 18%.
  • Pre-qualify online: If you can’t get a loan through your local credit union, compare offers from Civic Egypt before signing any loan agreement. The easiest way to compare actual rates is to speak to one of our bad credit lenders.
  • You can also use a personal loan calculator to see what rates may be available to you, based on your credit and the loan you want.
  • Submit an application: Applying for a loan can take just minutes here at Civic Egypt.

Is it Hard to Get a Loan With Bad Credit in Eau Claire, WI?

Civic Egypt specializes in bad credit signature loans in Eau Claire. You can borrow a good amount of money with a signature loan which you can pay off in equal portions each month, often within a 12-month loan term so that your loan becomes more affordable and manageable. It eradicates the pain of paying in lump sum such as in the case of payday loans.

Bad Credit Personal Loans don't require collateral and are based in large part on a borrower's ability to repay. They are more likely to be negotiable than a credit card and usually have a fixed term of one to five years. Try finding a better job in Eau Claire, WI if you need more money for monthly expenses like loan repayments.

Documents Needed for Bad Credit Loans Eau Claire, Wisconsin

  • An updated proof of income or employment, such as pay slip or an award letter, indicating that you have the financial means of paying the loan back.
  • If you are employed, you must be permanently working of at least 36 hours each week.
  • You must be a citizen of the United States. Present a passport or any government-issued ID as proof.
  • You must own an active bank account of at least 30 days (checking or savings).
  • You are 18 years old and above.
  • You own a valid ID with photo such as driver’s license/ passport.
  • You must have a Visa or Mastercard debit or credit card to your name.
  • A valid contact number. We will need to call you to talk about your application.
  • You must have a valid Social Security Number (SSN)

Has COVID-19 Impacted Bad Credit Loans in Eau Claire?

One benefit of getting a personal loan is you can use the money for nearly any purpose. Ideally, getting one positively impacts your overall financial health, by helping you pay off debt faster, for example, or adding to the value of your home. Here are some top reasons consumers get personal loans:

  • Debt consolidation: Roll your debts into one monthly payment, potentially reducing the interest you pay toward the debt and helping you pay it off faster.
  • Home improvement: Need to add on a home office? Use a personal loan to cover the costs.
  • Large expenses: You can use a personal loan to buy a boat, RV or other items with large price tags.
  • Weddings: Using a personal loan to pay for your wedding can help you stick to a budget.

How Credit Scores Affect Loans in Eau Claire

Lower credit scores correspond with a higher statistical likelihood that a person will miss a payment in the future. To account for the risk of lending to someone who might not repay their loan, lenders may charge higher origination fees and interest rates. They may also have a minimum credit score requirement, and you could be denied outright if your score doesn't make the cutoff.

Credit scores generally range from 300 to 850, and a score in the mid-600s or lower may be considered a bad credit score. Once your score is around 670 or higher, you could find yourself in the "good" score range. Lenders often consider more than your credit score on its own when reviewing a loan application, however. Other factors they may look for include your income, outstanding debt and history with the lender. In general, the worse your credit, the better your other qualifications may need to be to qualify for a loan or low interest rate.

A good interest rate on a Eau Claire personal loan is one that makes your monthly payments manageable. The lowest rates are usually around 6%, and the highest go up to 36%. The best interest rates go to good or excellent credit borrowers (690 or higher FICO score) with debt-to-income ratios below 40% and steady income.

Are Bad Credit Loans Legal In Eau Claire?

The laws that surround bad credit personal loans in Eau Claire can be a little bit difficult to understand. Below are some of the key points about sub-prime lending laws in Eau Claire, Wisconsin:

  • Maximum annual percentage rate of charge. No information.
  • Maximum loan amount. The sum of money you are able borrow doesn’t go beyond a quarter of your monthly salary.
  • Minimal loan term. This rate comes to 13 days.
  • Lender confinements. A client is confined to apply for not more than 5 loans every once a year by taking into consideration rollovers and refinancing.
  • Renewed loans. You are allowed to renew on not more than four refinancing periods.
  • Early repayment. All customers are able to pay off a loan earlier and you won’t be hit with monetary penalties or other charges.

How to Get an Emergency Loan in Eau Claire, Wisconsin With Bad Credit

If you can't get approved for a small loan in Eau Claire, WI with favorable terms, you can look for other ways to get an emergency loan, get help with your bills or decrease your expenses. Even a combination of several options may help you make ends meet.

  • Ask creditors for help. Contact your current creditors to see if there are any relief options available. You may be able to temporarily lower or skip payments, freeing up money that you would otherwise have to borrow. However, this only helps if you're dealing with a temporary shortfall.
  • Borrow from friends or family. While borrowing money from friends or family members has the potential to strain or break relationships, in some cases, it may be a good idea if you're confident you can pay back the loan. Consider writing up a contract for the loan with clear terms that you both agree on.
  • Get an advance on your paycheck. Although payday loans in Eau Claire can be expensive, some employers will give you an advance on your paycheck for a small—or no—fee.
  • Find help from a nonprofit. Local and national nonprofits may offer different types of assistance that could directly address your financial need or help alleviate other expenses. You may be able to get help with the basics, including utility bills, medical bills, rent and food.
Eau Claire Personal Lender

What Interest Rate Can I Expect From a Bad Credit Loan in Eau Claire, WI?

The interest rate you're offered on a Eau Claire bad credit personal loan depends on the type of loan you're applying for, your credit history, and how bad your credit score is. Rates are often lower than credit cards, making it a good idea to use a personal loan for consolidating credit card debt.

Using your home's equity to consolidate debt — through a cash-out mortgage refinance, home equity loan, or home equity line of credit (HELOC) — can often get you an even lower rate. But that's because you're putting your home up as collateral. A Eau Claire bad credit personal loan is unsecured, so you don’t need property to guarantee repayment.

Loans With 500 Credit Score in Eau Claire, Wisconsin

Yes, that is possible. It takes 5 minutes to apply online and be approved. But depending on the amount you want to borrow, you could be charged a high rate for borrowing. With Eau Claire Bad Credit Loans with Monthly Payments it would be in your best interest to pay the money back as quickly as possible, because that’s how you save money. would probably cost the most if the borrower does not pay it back at all, or takes a long time to pay it back, or pays it back sporadically. The lender loses its money and there will be more competition to lend you money until you have enough to pay back this loan. The borrower may incur more fees if they are behind on their payments or if they have insufficient funds for the payment due date.

What is the Easiest Loan to Get Approved for in Eau Claire?

Probably any kind of loan that is backed by the U.S. government, because the government has an interest in getting money into the hands of people to stimulate the economy in Wisconsin. Eau Claire loan companies like Civic Egypt offer loans to people with low credit scores every single day. Whenever you apply for a loan you could get approved in a couple of minutes. You can apply via phone or internet, and your application will usually be approved at once.

We offer bad credit loans in the following Eau Claire, Wisconsin zip codes: 54701, 54702, 54703, 54729

Eau Claire Bad Credit Loans FAQ

We’ve further refined and streamlined the sub-prime loan process so you can get your Eau Claire personal loan approval in as little as a few minutes and have access to your funds shortly after you’re approved!

Don’t worry, Civic Egypt does not require any collateral to be put up for you to get one of our Eau Claire bad credit loans.

Because we want to provide you with excellent customer service, we’ve also refined and made the process of installment payments easy for you. You can pay using a debit or credit card by visiting us in person, over the phone or via money order at any of our store locations. You can also enroll with your bank account and set up an automatic deduction.

There are many ways you can get your cash once you’ve received approval. If you decide to go for the ACH deposit, remember that bank wires are usually cleared on the same day while ACH transfers are cleared on the next business day.

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