Credit Builder Loan
Build Credit. Grow Savings.
A Credit Builder Loan helps you build or improve your credit safely. Your loan amount is held in a savings account while you make small, predictable monthly payments. On-time payments are reported to credit bureaus, and as you pay, the pledged funds decrease, giving you access to your money while your savings grow. No revolving debt, less risk than a credit card, and a simple, disciplined way to strengthen credit and build financial confidence.
Credit Builder
Looking to build or rebuild your credit? This loan gives you a simple, low-risk way to establish credit history and demonstrate consistent, on-time payments.
Here’s How It Works
A Credit Builder Loan is designed to help people build or improve their credit score by demA Credit Builder Loan is designed to help people build or improve their credit score by demonstrating responsible borrowing, rather than providing funds upfront like a traditional loan.
Apply: Take out a small loan with Resource One Credit Union.
Pay & Build Credit: Make simple, fixed monthly payments that are reported to the credit bureaus, helping you build a positive credit history.
Access Your Money: Each payment reduces the amount held in your savings account, giving you access to your funds as you go.
In plain terms:
Think of it as borrowing money you’ve already set aside. Make your monthly payments, build your credit, and gradually unlock your savings, all while showing you can manage credit responsibly.
Apply Today
Interested in learning more or ready to get started?
Meet a Specialist by Video Chat, calling 800-375-3674, or visiting a branch.
Ways Members Use This Loan:
Advantages:
Savings Builder
It’s never too late to build strong savings habits. The Savings Builder Loan helps you commit to saving while simultaneously strengthening your credit and establishing a positive payment history.
Here’s How It Works
Build Credit and Save at the Same Time
A Savings Builder Loan helps you build or improve your credit safely. Instead of receiving the money upfront, your loan is held in a savings account while you make small, fixed monthly payments. Each payment is reported to the credit bureaus, helping you establish a positive credit history. As you make payments, you gradually gain access to the funds in your account. It’s a simple, secure way to build credit, save money, and strengthen your financial confidence.
Apply Today
Interested in learning more or ready to get started?
Meet a Specialist by Video Chat, calling 800-375-3674, or visiting a branch.
Ways Members Use This Loan:
Advantages:
Loan Rates
| apr |
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| as low as 9.99% APR |
|
APR= Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. Rates refer to consumer loans and do not apply to commercial loans. All loans are subject to approval. Rates as of February 04, 2026. Rates are subject to change without notice. |
Let’s Build Together
Complete a short application to get approved for a Credit Builder Loan. You can apply online, in branch, or by phone.
After approval, the funds are secured in a savings account until the loan term is complete—no money down.
All you have to do is make monthly, on-time payments, and Credit Builder loan reports your success to the credit bureaus.
At the end of the term, you get the funds from your secure savings account if you’ve made all your payments. (And the higher credit score.) No strings attached
Great credit opens doors:
- Easier approvals – Qualify for credit cards, loans, and rentals with confidence.
- Lower interest rates – Pay less on credit cards, personal loans, and mortgages.
- Better car insurance rates – Your credit can save you money on premiums.
- Skip deposits on phones – No need for extra security on your cell phone plan.
- Save on utilities – Lower or skip security deposits on gas, electric, and water.
- Access to higher credit limits – Gives you more flexibility when you need it.
- Stronger rental applications – Landlords view good credit as reliable.
- Better financing options for cars – Easier approval and lower interest when buying or leasing.
- Peace of mind – Being financially responsible opens doors and reduces stress.
- More opportunities for the future – Great credit sets you up for big milestones, like buying a home or starting a business.
Meet a Specialist by Video Chat, calling 800-375-3674, or visiting a branch.
Top 10 ways credit can take a hit:
- Late payments – On credit cards, car loans, student loans, or any bills.
- Missing payments – Not paying at all can quickly damage credit.
- Charged-off accounts – When a lender writes off your debt as uncollectible.
- Collections – Accounts sent to collections hurt your score.
- Loan defaults – Failing to pay a loan as agreed.
- Bankruptcy – Legal protection from debts can impact credit for years.
- Foreclosure – Losing a home due to unpaid mortgage.
- Judgments – Legal rulings requiring payment.
- High credit utilization – Carrying balances close to your credit limit.
- Maxed-out cards – Using your entire available credit limit.
Meet a Specialist by Video Chat, calling 800-375-3674, or visiting a branch.
NO MONEY DOWN. NO REASON NOT TO START. LET’S TALK TODAY.
Ready to Get Started?
Virtual Branch
Ready to apply now, meet with our virtual branch staff through video chat.
Credit Builder Loans
APR=Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. Offer applies to consumer loans and does not qualify for commercial loans. All loans are subject to approval. Restrictions may apply; see credit union for details.
Improvement in credit score is dependent on multiple factors specific to your situation and financial behavior. For example, late payments on utility bills, car loans or credit card accounts would negatively influence your credit score, even if your payments on a Credit Builder Loan are current.
Failure to make required monthly minimum payments by the payment due date for the Credit Builder Loan will result in negative reporting to the credit bureau and will not improve your credit score.
This product will not repair your credit, and negative credit history will not be removed from your credit report as a result of this program.
