Helping Borrowers Establish Positive Credit
Borrowers who have low or no credit face a catch-22: they are often turned down for loans, and when they are approved, they are charged higher interest rates. That in turn makes repayment more difficult.
What is Credit Builder?
- An advance on a $500-$1,500 loan.
- Loan proceeds are held in a secure Freedom First account while you repay it.
- The borrower receives the loan proceeds once it has been repaid.
- Eligible if you live, work, worship, or go to school in Botetourt, Craig, Franklin, Montgomery, or Roanoke Counties or the cities of Roanoke, Radford, or Salem.