At 1st Advantage, we take your financial well-being seriously! Our Credit Builder Loan has been developed with our members and their futures in mind.

What You Need to Know About a 1st Advantage Credit Builder Loan

We offer a credit-builder loan meant to help people build credit and save money. Unlike a typical loan, instead of receiving the loan amount within a few days you'll make monthly payments toward the loan account to pay the amount you’ve been approved for.

Save money

Opening a credit-builder loan can also be a good option for anyone who struggles to save money. 1st Advantage will place your payments in an NCUA-Insured CD until your full loan amount is reached. This is a great way to help build an emergency fund, or save for another financial goal down the line.

Can help build credit

1st Advantage reports on-time payments to the three major consumer credit bureaus, Equifax, Experian and TransUnion. So if you’ve had a hard time qualifying for a traditional loan or credit card, this may be just what you need to get back on track.

Smooth Handling

Think applying for a Credit Builder Loan is going to be a time-consuming hassle? Not so. We make the process easy with a simple online application and quick closing!
Online application button for a Payday Alternative Loan

*Credit Builder Loan rate is CD rate plus 6%. Loan amounts between $500 to $1,000. The proceeds of the loan will be the funds used to create the CD. Member account must be in good standing for the last 90 days in order to qualify for loan. Good standing is defined as no returned items and proper use of overdraft facilities. The term of the loan must range from 6 to 12 months. Auto-pay required.