Second Chance Unsecured Personal Loan In Michigan For Bad Credit

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Our staff at InfoAviator understands how hard it is for residents of Michigan that have bad credit to obtain a unsecured personal loan with a poor credit history. Believe it or not, consumers don't have to rely on payday loans to get the much needed cash they need. In fact, we have found credit unions in the state of Michigan that offer members either a "fresh start" or "second chance" unsecured loan program.

In addition to the credit unions we have listed below, there are also several nationwide financial institutions offering unsecured lines of credit to people with bad credit. To view this reviewed list please see

We are also asking our viewers to please list any unsecured loan programs for those with bad credit below that our staff or our loyal viewers have not yet mentioned.
asked Sep 30, 2014 in Personal Finance by tomvargo706 (5,290 points)

4 Answers

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Community Focus FCU with locations at:

3815 W. Jefferson Ave. 
Ecorse, MI 48229 
Phone: 313-386-5800 
18925 Telegraph Rd.
Brownstown, MI 48174
Phone: 734-281-3900 
offers a "Fresh Start" loan product for people that have certain collection accounts that are hindering their efforts to rebuild their credit.
With a affordable interest rate as low as 12.49% with repayment terms of up to 24 months to repay a generous loan amount of up to $3,000 while helping to repair your credit -- this loans product may be hard to beat!
See, visit a CFFCU branch or give them a call at 800-526-7328 to find out more information.
answered Sep 30, 2014 by tomvargo706 (5,290 points)
0 votes

Central Macomb Community Credit Union with locations at:

Selfridge Air National Guard Base
Building 715
SANG, MI 48045
34642 Van Dyke Avenue
Sterling Heights, MI 48312
47011 Sugarbush
Chesterfield, MI 48047
37570 S. Gratiot
Clinton Township, MI 48036
offers their members and potential members personal loans that would not normally be approved at another financial institution.
Consumers can still qualify for this "fresh start" loan product if they have a bankruptcy within the past 12 months, previous delinquencies and a llimited past credit history.
Consumers can borrow up to $1,000 for 12 months (however, it will be held in an account for 12 months as security)  -- but it will help rebuild your credit history. There is a fixed interest rate of 15% and the borrower will receive the funds after loan maturity. The member then may apply for an unsecured loan after this loan is repayed (up to $2,000) with no restrictions.
Call 586-466-7800 for more information.
answered Sep 30, 2014 by tomvargo706 (5,290 points)
0 votes

UM Credit Union offers people a "fresh start" they deserve with a Start Smart loan that is a great choice to help you rebuild your credit.This loan product comes with a low, fixed interest rate, however the funds from the loan are placed on hold in a savings account until the loan is paid off - loan payments are reported to the credit bureaus over the course of the loan to help build a positive credit history. After the loan is paid off, you can withdraw the funds or leave the money in the savings account to continue earning interest.

Please call 800-968-8628 to learn more about this loan product.
answered Sep 30, 2014 by tomvargo706 (5,290 points)
0 votes
Frankenmuth Credit Union with locations at:
580 N. Main St. Frankenmuth, MI 48734
9321 Sanilac (M46) Richville, MI 48758
2796 Erna Dr. Saginaw, MI 48603
12638 E. Washington (M81) Reese, MI 48757 
8131 Main Birch Run, MI 48415
9430 Meijer South Dr Birch Run, MI 48415
8234 State (M15) Millington, MI 48746
602 S. State (M15) Vassar, MI 48768
255 Mayer Rd. Frankenmuth, MI 48734
410 N. State Rd. (M15) Otisville, MI 48463
3017 Center Ave. Essexville, MI 48732
115 S. Main Suite 2B Freeland, MI 48623
535 Cathay Street Saginaw, MI 48601
offers "Fresh Start Signature Loans" for those with past credit problems.
Loan terms and amounts are as follows:
For C or Higher Credit Scores - Maximum Dollar Amount is $1,000 at 19.99% APR for 12 months
D Credit Scores ($500 held Till 5 Consecutive Payments Made) - Maximum Dollar Amount is $1,000 at 19.99% APR for 12 months
E or lower Credit Scores - Maximum Dollar Amount is $500 at 19.99% APR for 12 months
For more information on the above loan product call them Toll Free at (800) 221-8880 or visit one of their branches listed above. Website:
answered Sep 30, 2014 by tomvargo706 (5,290 points)

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