Credit Building & Repair Programs

Start building your credit with these 3 easy programs! Everyone has to start somewhere to build or repair their credit, and we're here to help! Our credit building programs are plain and simple - they are designed to get you financially fit and enable you to qualify for future loans from Sooper Credit Union.

Credit Builder Loan

No money or credit history required
Low monthly payment to fit your budget
Low interest rate with no fees or prepayment penalties
Easy Payment Options: Payroll deduction, automatic transfers or coupon books

How it works:

Loan proceeds are deposited into your Sooper Credit Union savings account where the money earns interest while you pay back the loan.
Once your loan is paid off, you will have gained one positive trade line on your credit and built up your savings account to do with what you wish. We recommend using the money for a Share Secured VISA® to get the most out of our credit building programs.

Share Secured Loan

Borrow to the extent of funds in your savings account
Low monthly payment to fit your budget
Low interest rate with no fees or prepayment penalties
Easy Payment Options: Payroll deduction, automatic transfers or coupon books

How it works:

Funds are frozen in your savings account and released as the loan balance is paid down.
Loan proceeds are yours to do with what you wish. We recommend using a portion of the money for a secured credit card to get the most out of the credit building programs.
Once your loan is paid off, you will have gained one positive tradeline on your credit.

Share Secured Credit Card

We recommend getting a secured credit card in addition to the credit builder or share secured loan.

Use the money in your savings account to secure your credit card
With satisfactory management of your secured credit card, you may be eligible to switch to a regular credit card after 12 months
Make your payments on time to build positive payment history
Use the card wisely: We recommend using no more than 30% of your credit limit

Our loan representatives will give you additional tips and guidance on how to best utilize these programs to benefit you the most. Stop in to any branch or call us at 303-427-5005 (toll-free at 1-888-SOOPER-1) for more information. For more tips on understanding and improving your credit score, click here.

Viewing our website with a cell phone? Applying for a loan is now easier than ever! Our online loan application automatically converts to a mobile friendly version if you're viewing from a mobile device. Click one of the "apply here" buttons above to try it today!