Landmark Credit Union Bad Credit Loan Review

Landmark Credit Union Financial Terms In a Glimpse

Landmark Credit Union Highlights

Offered loans span the gamut from home loans to personal loans, including options for borrowers looking to make luxury purchases like recreational vehicles (RVs), speedboats, and more.

When reviewing any lender, we check for the following features, which can be useful to people with bad credit.

Pre-qualify with Soft Credit Pull

You will have to endure a hard credit pull, which can lower your credit score. No evidence of a soft credit pull is given on the credit union’s website.

High Debt to Income Ratio Allowed

This lender does not list its debt to income ratio requirements online.

If you have high debt, you may need to visit one of its locations in person to discuss the matter with a loan agent.

Line of Credit

Personal lines of credit are available. These lines of credit offer more flexibility than a simple loan. 

Credit Health Tools

Credit and financial education is an important topic for Landmark Credit Union, with resources and tools on its website (like credit-building secured loan options, a regularly updated blog on financial topics, and a resource center for new accounts).

Hardship Programs

Borrowers have the chance to defer up to two loan payments per year in times of hardship.

No Prepayment Penalty

There is no penalty for early repayment of a loan.

Unsecured Loans

While the credit union does provide secure loan options, it also offers unsecured personal loans for people who may not have assets to serve as collateral.

However, better credit scores are generally required for these options.

Landmark Credit Union Fees

Landmark Credit Union lists a full fee schedule on its website.

It has typical bank fees such as late payment penalties, insufficient funds fees, and similar charges.

How to Qualify

You must be a member to borrow a loan from the institution.

Membership is available for people who live and work in Southern or Northeastern Wisconsin or in Lake or McHenry Counties in Illinois (or those people’s immediate family members).

Plus, you must be at least 18 years old to take out a loan.

The Bottom Line

Landmark Credit Union has a good reputation, but its options may not be right for people with poor credit or who live and work outside its service area.

Other good choices include NetCredit and Upstart, both of which cater to borrowers with less than ideal credit scores.