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Build Credit While You Save
Credit Builder
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With BCU’s Credit Builder, every on-time payment is reported to the credit bureaus to help you build payment history — an important part of your credit score. If an emergency comes up, your saved funds can be accessed to pay off the loan early. Credit Builder may be a good fit if you’re new to credit, have limited credit history, or are working to rebuild your credit with consistent, on-time payments.
By scheduling an appointment, you acknowledge you have read and agree to the BCU Coaching Agreement of Understanding and Disclosure.
You’ll receive an email to schedule an appointment with your Financial Coach immediately, to begin.
Start making your monthly payments. Reporting to the credit bureaus begins after your first successful payment.
With BCU’s Credit Builder account, your monthly payment is reported to the credit bureaus.
for 24 months
Total Payment: $120
Get Back: $114
Final Cost: $6
for 24 months
Total Payment: $600
Get Back: $572
Final Cost: $27
Interest Rate: 4.50% Annual Percentage Rate: 4.50%. The above figures are approximations; exact amounts will depend on the final terms. An example of payment terms are as follows: an amount financed of $1,000 with an APR for 4.50% and a term of 12 months would have a monthly payment of $85.38.
Establish or improve your payment history — one of the most important factors in your credit score.
If unexpected expenses arise, we can unlock your funds and close the account for your peace of mind.
Here's what they're saying!
Once you've made all your payments, your hard-earned savings are yours!
for 24 months
Total Payment: $1,200
Get Back: $1,146
Final Cost: $55
Already making on-time payments on current loans? You may not see much additional benefit from a Credit Builder account.
