East Cambridge Credit Builder is an installment loan that is ideal for anyone with no established credit or even those looking to improve their credit profile.
How does East Cambridge Credit Builder work?
- Apply for a Credit Builder loan
- Loan of $500.00 which is then placed in a certificate of deposit (CD) held in the borrower's name
- Pay off your Credit Builder loan in the specified amount of time
- Choose the term that fits your budget
- Monthly payments are reported to the 3 major credit bureaus
- On-time monthly payments help build good credit history
- Once the Credit Builder loan is paid off, the CD amount and earned interest is yours at the maturity date*
Apply for a Credit Builder loan online, at any of our eleven banking centers
, or call 866.354.3272
Click here to download "Understanding and Maximizing Consumer Credit Scores"
Apply Online Today
*A penalty may be imposed for early withdrawals.