A better credit score could be right around the corner.
There are a lot of bumps, potholes and obstacles on the road of life and no matter hard you try, you can avoid all of them. You might be cruising along one day when you get hit with an illness, job loss, divorce or other major event that wrecks your finances and credit score.
Afena's here to help, not judge. We offer a special loan designed to help rebuild your credit score. And we have financial coaches standing by to work with you on everything from debt reduction to a long-term saving strategy.
And the sooner you start working with us, the quicker we can help you take positive steps toward improving and securing your financial health. In time, that financial bump in the road will be far behind you.
Credit Builder Loan
- Borrow as little as $250
- That money is put directly into a share certificate where it starts earning dividends
- You make loan payments until you reach the original certificate balance
- At that point, the certificate matures and you can use the funds for anything you wish
- You can also keep the money in an Afena account to give your saving efforts a head start
- Making on-time loan payments is an excellent way to increase your credit score
Financial Coaching
- Free, personal sessions with trained Afena financial counselors
- Learn why your score is at its current level
- Get help creating a budget and with other important financial matters
- Create an overall plan to raise your score and improve your financial health
- At Afena, we have a judgment-free approach and promise to never speak down to you or make you feel bad about your financial situation
Why is your credit score important?
Your credit score is a three-digit number that informs lenders and others about your financial history and how responsible you are in paying off your debts. It's used in a number of ways, including:
- When you're applying for a loan, a credit card or insurance
- When you're trying to rent housing or lease other property
- When you're applying for certain jobs
Afena Federal Credit Union is a full-service financial institution headquartered in Marion, IN that serves Grant, Wabash, Blackford, Jay, and Wells counties.
