{"id":2184,"date":"2020-05-08T12:15:39","date_gmt":"2020-05-08T16:15:39","guid":{"rendered":"http:\/\/10.130.206.81\/?page_id=2184"},"modified":"2023-05-23T13:31:53","modified_gmt":"2023-05-23T17:31:53","slug":"securedcreditbuilderloan","status":"publish","type":"page","link":"http:\/\/10.130.206.81\/securedcreditbuilderloan\/","title":{"rendered":"Secured Credit Builder Loan"},"content":{"rendered":"
For all those who need to build (or rebuild) their credit, but who don’t necessarily need funds in the immediate future, consider our Secured Credit Builder Loan!<\/p>\n
This unique loan allows our members to borrow from $1,000 to $3,000. All loan proceeds will be placed in a special savings account as collateral for the loan. As the loan is paid down, the funds in the special savings account become available, giving members access to a nice nest egg they have saved! In short, when a person makes timely payments, they build their credit.<\/p>\n
To apply for a Secure Credit Builder Loan, simply give us a call using 814.456.6231. Or, stop by any of our local branch locations!<\/p>\n
Requirements and Guidelines:<\/p>\n<\/div>
Must be a member in good standing and at least 18 years of age<\/p>\n<\/div><\/li>
Must have the ability to repay the debt<\/p>\n<\/div><\/li>
Proof of income required<\/p>\n<\/div><\/li>
Loan Amount $1000 to $3000. Proceeds deposited to special savings and pledged as collateral for the loan.<\/p>\n<\/div><\/li>
Term 12 months to 36 months depending on loan amount (one year per thousand)<\/p>\n<\/div><\/li>
Interest rate = 3.5% + Special Savings dividend rate<\/p>\n<\/div><\/li><\/ul>