Need to establish/re-establish credit? If you're a first time borrower, or if you've had some credit problems, the Credit Builder Loan can help you establish or re-establish credit.
The Credit Builder Loan is secured by the funds in your primary share savings account. The amount borrowed is "frozen" in your share account until the loan is paid in full. You take up to 10% of the value of your account as loan proceeds at disbursement. As you make monthly payments, the amount "frozen" in your share account is reduced and is available for you to access.
Get back on track with BALANCE
Community Resource is dedicated to helping you realize your financial goals – reducing your debt, saving for higher education, buying your first home, or planning for retirement. Which is why we offer the BALANCE Financial Fitness Program. Through BALANCE, you have access to free, unbiased money management information and assistance. As a member of Community Resource, the program's monthly administration fee of $35 is waived. To use BALANCE, simply call 888-456-2227. Counselors are available Monday through Thursday,5am to 8pm, Friday, 5am to 5pm,and Saturday, 8am to 5pm (PST) or visit BALANCE for more information.
Why choose Community Resource for your loan?
- Affordable payments
- Competitive rates and low fees
- Flexible terms
- Fast approvals
- Friendly service
- Rate discount on most fixed rate loans if you have our checking account or for automatic payment
- Convenience of payroll deduction/direct deposit for easy repayment
- No prepayment penalties on consumer loans.
Apply for a Credit Builder Loan. Call (518) 783-2211 or 1-888-783-2211 for more information.