Able Up Iowa

Credit Builder Loan

Our Credit Builder loan is a great option if you are first-time borrower. It’s also a great option if you are looking to improve your credit. If you receive a Credit Builder loan, you will be lent $500 for boosting your credit score.

Like a line of credit, the full amount of the Credit Builder loan is released in installments rather than all at once. Additionally, the Credit Builder loan is linked with our Financial Empowerment program. This means each loan recipient is given the opportunity to participate in free, one-on-one credit coaching sessions.

Credit Builder loans are for $500 and are paid back in a one-year period. Credit Builder loans are unsecured, meaning no collateral is required, and have a 14.25% interest rate.


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