Establish or Improve Credit

If you have less than optimal credit history—or no credit history at all—we have a product that can help turn your situation around. The Credit Builder Loan from Credit Union of Southern California (CU SoCal) is specifically designed to help you.

Credit Builder is not about getting a lump sum of money all at once. Rather, its purpose is to prove that you are a responsible credit consumer. Your flawless payment history with Credit Builder will make it easier to get future credit if you have no history of borrowing, or help raise a low credit score that might be holding you back.

As you successfully make payments over the course of a year, CU SoCal reports your positive behavior to the nation’s major credit bureaus, establishing a credit history if you have never had one before. If you successfully make all of your payments for a year, you’ll receive $1,000 plus interest. If you have a low credit score that makes it difficult for you to get affordable new credit, successfully paying off your Credit Builder Loan will improve your credit score – as long as you maintain all other bills and do not fall behind on any other credit obligations you have. If you don’t have a credit history or score, Credit Builder will help you get one.