How it works:
Simply, a Credit Rebuilder Loan is meant to repair distressed credit. A Credit Rebuilder loan is a share secured loan with a balance of $1000.00 to $5000.00. The amount of the loan is based on your individual needs. The loan proceeds are placed into a Rivertown savings account and frozen for the duration of the loan. Once you have completed the 24 month term loan, the funds are released.
If you would like to begin the process of rebuilding your credit, don't hesitate to call (616) 406-2480 and press 6 to speak with one of our friendly & knowledgeable loan officers.
There is no immediate benefit when you begin a Credit Rebuilder loan. Repairing credit takes time and effort. The benefit to you, after you have completed the 24 month term loan, is you will have built not only a decent size savings account for yourself but also establish some respectable credit history that you can be proud of.