Whether you are just starting to establish credit or need to get a fresh start on your current credit history, our Credit Builder Secured Savings Loan is just for you. It allows you to save and begin building a positive credit history without any money down. As long as you are 18 years old and have been employed at least 20 hours a week continuously for 6 months, you could qualify.
- Build or rebuild credit without any money up front
- Create a positive payment history record
- Loan proceeds held in a Secured Savings Account
- Loan amounts of up to $3315.00 are available, 18, 24, 36-month repayment terms
- Financial Literacy Credit Education Programs
Excelus Financial's unique Credit Building Services emphasize new, good links of credit to positively impact your credit score and credit profile. Services include: Individual Credit Building Consultations and Planning. Our Credit Counsellors speak one-on-one with clients to assess income, debt, credit history, and financial goals to create a unique Excelerator Bright Future Action Plan.
Access to Credit Building Products. Excelus Financial originates a Secured Savings Credit Builder Loan and refers to other safe and affordable products to assist individuals with "thin" credit files to establish a good line of credit on their credit bureau reports.