Credit Creator and Credit Restoration Loans
Do you have no credit or bad credit? Whether you're looking to build credit or repair credit, Webster First Federal Credit Union is there for you with our Credit Creator Loan^ and Credit Restoration Loan^. These loans have been specifically designed to help you build or improve your credit.
Our Credit Creator Loan^ and Credit Restoration Loan^ can be the first step towards better credit. As you make payments, the proceeds of the loan are put into a certificate and held for the same term as the loan. When the loan is paid off, that amount of money has been "saved". This builds credit or repairs credit while helping you to save money.
Credit Creator Loan^
Start Creating Credit
If you're looking to establish or build credit for the first time, then the Credit Creator Loan^ is right for you.
- Loan amounts from $500 - $2,000
- Terms of 12 to 24 months available
- Save money while building your credit
- For additional information on a Credit Creator Loan^, please contact one of our branch locations
Credit Restoration Loan^
Start Restoring Credit
If you're looking to rebuild damaged credit or improve existing credit, then the Credit Restoration Loan^ is right for you.
- Loan amounts from $1,000 - $5,000
- Terms of 12 to 48 months available
- Save money while rebuilding your credit
- For additional information on a Credit Restoration Loan^, please contact one of our branch locations
^Proceeds will be put into a certificate for the same term as the loan. The full original amount of the loan will be held until the loan is paid off. No withdrawals can be made from the certificates (even with penalty) unless the loan is paid in full.