Credit Builder Loan
Unfortunately, most of us don't grow up learning a
lot about credit--period. It's not uncommon to learn too late the
value of earning and keeping a good credit score.
NCCU offers just the right loan to help establish
good credit or rebuild poor credit. Our Credit Builder Loan is a
savings-secured loan, and every member qualifies. Here's how it
At the start, the proceeds of the loan ($600) are
placed into a restricted savings account. Then over a period of
twelve months, as your successfully make your monthly payments
(about $50), the same amount becomes available in your savings
account. Ideally, you will keep the entire funds on deposit and
build a great savings plan at the same time!
Your successful payment history will then be
reported to the credit bureaus, which can positively impact your
See a loan officer today to get started!