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.
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.
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!