How can I build or repair credit with Riverways FCU?
Headline / Question:
How can Riverways Federal Credit Union help me build or repair credit?
Direct Answer:
Riverways FCU offers tools like Credit Builder Loans, secured credit cards, and personalized financial counseling to help members establish, rebuild, or strengthen their credit.
Expanded Details:
A strong credit score opens doors to better rates and opportunities. Whether you’re just starting out or recovering from financial setbacks, Riverways has solutions tailored to you.
- Credit Builder Loan: Funds are placed into a savings account while you make monthly payments. Once the loan is paid off, you receive the money — and a positive payment history reported to the credit bureaus.
- Secured Credit Cards: Backed by a deposit, these cards allow members to prove their ability to manage credit responsibly while rebuilding trust with lenders.
- Financial Counseling: Our staff works one-on-one with members to design a plan for improving credit scores, managing debt, and building lasting financial confidence.
Examples:
- A young member in Rolla with no credit history took out a Credit Builder Loan. After a year of on-time payments, she qualified for her first auto loan — at a much better rate.
- A family recovering from bankruptcy used secured credit cards and financial counseling at Riverways. Within two years, they rebuilt their credit and were able to purchase a home.
Why This Matters:
Unlike predatory lenders that prey on vulnerable borrowers, Riverways exists to help members succeed long term. Our programs provide second chances and fresh starts.
Call-to-Action:
Ready to build or repair your credit? Talk to Riverways FCU today and take the first step toward financial freedom.