If you’re just starting out, it can be tough to get approved for credit, because lenders want to see a proven track record of repayment. On the other hand if you’ve experienced financial hardship, your credit history may have suffered the consequences.
In either case, our Credit Builder Loan lets you borrow $500 - $1,000 for a new beginning. The proceeds of the loan (full amount) are placed in a savings account on hold, then released to you when it is paid in full. That money then can be used toward your next significant purchase, a down payment, security deposit or whatever else moves your financial life forward. And just as important, when you make your Credit Builder Loan payments on time, it provides you with a positive history of credit repayment.