Credit Repair/Builder Loan Program
Credit is part of modern life, from managing credit cards to car loans and more. Our Money Matters Small Dollar loan program, which makes loans of $500 to $1,500 available, can help you build or repair your credit to your benefit.
Credit Builder
It can be hard to establish credit when you’re starting out. With a Credit Builder loan, the amount you borrow is placed in a Heartland Bank Simply Savings Account where it’s held as collateral. Basically, it’s a bit of security to ensure the loan is repaid. You will build your credit rating as you make your payments on time each month. Once you’ve repaid the loan, you’ll have access to the original amount you borrowed.
Credit Repair
If you’re looking to improve your credit, the Credit Repair loan is the tool you need. Half of the amount you borrow is deposited into a Simply Savings Account and held as collateral. The other half is given to you. Once you’ve repaid the entire loan, you’ll have access to the amount that was held as collateral. Making regular monthly payments on the full amount of your loan can have a positive impact on your credit score.
How to Apply
Contact your local branch to speak with a banker who can provide you with the details.
Keep in mind: