Credit Builder Loan

  • Safe way to build credit or help repair damaged credit – 14% interest rate
  • $500 loan with low monthly payments of $50
  • Financial education on credit provided with each loan
  • A report of your favorable payment history will be sent to the credit bureau
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Or call us at 706.291.9290,
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Building a positive credit history safely takes time and a financial partner who believes in you. Our Credit Builder Loan helps members do just that, without applying for high interest rate credit cards or going to a payday lender or finance company. This loan is ideal for members with no credit, or members who are recovering from previous credit problems, bankruptcy, or other difficult life circumstances. Satisfactory repayment will result in favorable consideration for future NWGACU loans.

Qualifications to receive the loan include:

  1. Membership at NWGACU
  2. Currently employed with the same employer for at least six months
  3. Payments must be made through payroll deduction
  4. Capacity to make payments, as indicated by your debt-to-income ratio
  5. No negative balance in any account with us, as well as having caused us no previous unresolved losses