Life is full of twists and turns — and sometimes your credit gets a little banged up. Whether you’re starting out or starting over, we’re here to help.

Key Features

  • Competitive Rates
  • Builds Credit
  • No Down Payment Required
  • Build or repair your credit with an affordable loan
  • No minimum credit score required*
  • No down payment required
  • Loan amounts ranging from $500 to $2,000
  • Fixed rate of 8.99% APR*
  • Flexible repayment terms (from 6 to 24 months)
  • No pre-payment penalties
  • Reported to all 3 credit bureaus
  • Quick, local decision-making and processing
  • Attentive, friendly service from start to finish

How it works

  • Loan funds are deposited into your Trax CU savings account and placed on hold (no funds are given to the member, as this is for credit building only)
  • You make on-time payments over the term of the loan
  • Once the loan is paid off, the hold is released on the funds in your savings account
  • You gain credit history and establish a savings account at the same time!

Free credit resources

You may also be interested in these free financial education resources to learn more about credit, money management skills, and budgeting skills:

*Annual Percentage Rate (APR) is fixed for the duration of the loan. Subject to debt to income requirements. Other restrictions may apply. Membership Eligibility required. Rates are subject to change without notice. Payment example: For a $2,000 loan with a 24-month term, payment would be $91.36.