Credit Builder/Repair Loans

Building good credit strengthens your financial power.

When we say, “build from here,” we’re not just talking about building up your savings. We’re also talking about building other facets of your finances that will lead to a more prosperous future. One of those things is your credit rating.

Great credit influences so many things. With a good credit score you should enjoy better loan rates and faster loan approvals. Additionally, good credit gives potential employers and landlords a better feeling about hiring you or accepting your application for residence.

We want you to have that kind of power. So if you’ve had credit problems in the past and your credit rating is bruised, or if you’re looking to start establishing your credit score, our Credit Builder/Repair Loans are a great way to start.

Here’s how it works: When you’re approved for a Credit Builder/Repair Loan, instead of receiving a check, the borrowed money will be held at the credit union for security and we will charge you a fixed interest rate on that loan. As you make payments, your credit report will reflect an established credit history, timely payments and a reduction in the amount of outstanding debt you have—three major factors that go into determining your credit score.

To learn more about getting a Mills42 Credit Builder/Repair Loan and how it works, please contact one of our loan specialists. And let’s build from here.

Not a member yet? We’ll take care of that for you as you’re opening your account or taking out a loan. If you want to get a jump-start, enroll online or just give us a call at 978.328.5100. We’ll be happy to help you build from here.