Credit Builder Loan Program

credit builder loan program
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Posted on

January 23, 2024

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Credit Builder Loan Program

A step on the path to building your credit!

We serve as a bridge to the traditional marketplace and offer a secure and low-risk credit building option that starts people on the path to building/rebuilding personal credit. This non-predatory, small dollar loan provides resources and a path forward for those looking to strengthen their credit and gain access to mainstream loan products. Qualified applicants work with a certified credit counselor at a partner organization. MCCD writes, services the loan, and reports on time payments to three credit bureaus.

Loan Details:

  • $240 loan with a 12 month repayment schedule at 0% interest
  • $20 monthly payments
  • One-time processing fee of $15 for loan generation

Contact us to learn more about MCCD’s Credit Building Loan program.

Chipo Monga
cmonga@mccdmn.org
(612) 386-2529