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Collins Community Credit Union

Credit Builder Loan

 

Whether it’s your first-time establishing credit or you need a fresh start, we’re here to help.

Your credit score and history have a strong impact on your financial future. A good credit score can open the doors to helping you reach your financial goals – whether it’s getting an auto loan for a new car, signing the lease on a new apartment, or perhaps securing a student loan to go to college.

Here’s how the Credit Builder Loan1  works:

  • You borrow $1,000, which is placed into a Savings Ltd account
  • You make on-time monthly payments, which we report to the credit bureaus
  • When the loan is paid off, the funds are released to you – plus dividends earned2!

Features:

  • Flexible payment terms from 12 to 37 months
  • Fixed loan rate of 6.25% APR3 regardless of your credit history
  • Access to a wide range of financial wellness tools and resources, including our partners at GreenPath
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Flexible payment terms from 12 to 37 months

Percentage 3

Fixed loan rate of 6.25% APR3 regardless of your credit history

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Access to a wide range of financial wellness tools and resources, including our partners at GreenPath

What's New

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What's New

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