Building Credit

Rebuilding Credit in Fayetteville with Fort Bragg Federal Credit Union Credit Builder Loans

Life can bring many challenges and while we all want to maintain a perfect credit score, sometimes mistakes get made. Your credit can suffer due to unexpected illness, job loss or family emergencies. No matter the case, at Fort Bragg Federal Credit Union, we understand that sometimes good people need a little help. We offer just that with our Credit Builder loans and other services for those working to rebuild their credit.

Why You Might Be a Candidate for Credit Builder Loans

If you have declared bankruptcy, gone through a divorce, or struggled to pay the bills, your credit rating may be affected. If you are just starting out with a job and bills, you may not have any credit rating at all or a very small credit history, which can make it a challenge to get financing.

In both cases, you can benefit from Fort Bragg Federal Credit Union’s Fayetteville credit building loans. These loans are especially designed for individuals who have lower credit scores or little to no credit history. You may qualify for our credit building loans whether you live in Hope Mills, Fayetteville, Raeford, or the surrounding areas even if you’ve been turned down for other credit.

Once you’ve been approved for credit building loans in Fayetteville or other qualifying areas, you simply have to pay your loans on time each month and you will be well on your way to rebuilding your credit. With time, your credit rating will improve.

Why Fayetteville Loans for Bad Credit May Be Important for You

If you haven’t started to rebuild your credit, you may find yourself facing some difficult decisions. The reality is that employers, property owners, lenders and others use your credit rating when deciding whether to offer you a job, financing, place to live or other services. Having a lower credit score can mean getting passed over for jobs or struggling to lease an apartment or car. 

In Fayetteville, loans for no credit or lower credit score customers can help you start rebuilding your credit score so you can get the financing, job, car and home you want. Whether you’re a first time borrower in Fayetteville or just need a second chance to make stronger financial decisions, take a look at the Fort Bragg Federal Credit Union Credit Builder loan. It could be the start of a new financial journey for you!

How Fort Bragg Federal Credit Union Helps You Rebuild Your Credit

Your credit score is a type of financial history. Organizations called credit bureaus keep account information for everyone who has loans, bills or an employment history. Your credit reports contain information about your debts. These credit reports are used to generate a number between 300 and 850. The higher your number, the better your credit score. 

When you overextend your credit, pay bills late, max out your credit card, file for bankruptcy or make other financial decisions in the same vein, creditors contact the credit bureaus to report this. Some issues – such as late bills – may only affect your credit score for a short time while others – such as bankruptcy – can affect your credit score for years.

To improve your credit score, you need to show you are financially responsible and can make payments on time. It can also help if you can show a lender is willing to entrust you with a loan. The problem is simple: how can you prove you can make sound financial choices if your poor credit or no credit prevents you from getting financing? Fort Bragg Federal Credit Union Credit Builder loan is designed to offer you money so you can focus on paying it back. You’ll regain confidence in your financial abilities and your credit score will improve as you continue making payments on time.

Contact Fort Bragg Federal Credit Union Today

Building or rebuilding your credit can be frustrating at times. Whether you’re just starting out or trying to repair damaged credit, Fort Bragg Federal Credit Union can help you. Ask about our new Credit Builder loan. Not only will you begin to build or rebuild your credit, but you will also be building your savings as well. Stop in to any branch to speak with a loan officer or apply online today.