Get your credit score off to a great start
Having a strong credit history and score provides better access to credit and saves money with lower interest rates. With no application fee and a low rate, our Credit Builder Loan can help turn things around if you have no established credit or a low credit score.
Key Advantages
Build your score with each payment
The Credit Builder Loan operates backwards from most loans: first you make the payments, then you receive the money. Your monthly on-time payments are reported to the three major credit bureaus. Each timely payment improves your credit score, as long as you maintain any other debt you carry.
A better score in only one year
Once you make 12 monthly payments on time, you'll receive the $1,000 that was saved in your Share Certificate (plus the dividends you earned). You can also apply for a CU SoCal Visa® credit card to keep your credit history growing!
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1
Step One
Apply online for Credit Builder or in-person at one of our branches.
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Step Two
Make 12 monthly on-time payments toward your Credit Builder Loan.
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Step Three
After 12 months of on-time payments, you receive $1,000, plus Share Certificate interest. Meet an important financial need or keep your balance as emergency funds. You are now eligible to receive a CU SoCal Visa Credit Card!
Take control of your credit score
The Credit Builder Loan can help you take control of your credit in just 12 months. You will be able to build or repair your score, as well as receive $1,000 to spend or save.
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