Day-to-Day Loans Credit Builder Improve your Credit Score with a Credit Builder Loan We get it. Life happens. And sometimes that means that your credit score might need a little help. We want to help you get on the road to financial success and a credit building loan is one of the best ways to build credit. Nearly a third of Americans have a credit score lower than 601. Our Credit Builder Loan is designed to help members with no credit, little credit, or colorful credit. The program focuses on building or rebuilding your credit score and by improving your credit score, you’re more likely to get better interest rates on loans and save a lot of money in the process. The Credit Builder loan is a share secured loan to help members build or repair credit history, regardless of whether they have funds available to pledge as collateral. How it Works The loan proceeds are immediately deposited in a Primary or Secondary Share account and placed on hold for the entire duration of the loan. Gradual de-pledging of the collateral is not permitted. Once the loan has been repaid in full, the hold is removed and the original loan proceeds are made available to the member. The loans will be priced at our standard share secured rate. Loan amounts can range from $500 to $10,000. A credit report is not required for a credit builder loan however the applicant’s history with the credit union will be reviewed. Credit will not be extended if the Credit Union has sustained a loss. Repayment terms are as follows: Up to 24 months for loans under $2,000 Up to 36 months for loans up to $10,000 Credit Builder Loans are: Quick, easily approved, low cost loans Great way to establish or rebuild credit Competitive rates Affordable payment plans Options to help friends or family In-house processing for quick decision Personalized, friendly service Open your account today Talk to a Rep Schedule an appointment Apply for Credit Builder Apply in person Call us (661)327-9461 Toll Free: (800)336-5376