Introducing Liberty's Credit Builder Loan and Saver Program
- Borrow from $500 to $1,000, flexible terms available** and the loan amount will be deposited into a CD with a term equal to or greater than the term of the loan.
- As the loan is repaid on time, Liberty Bank will report a positive payment history to the credit bureaus.
Should you decide to cancel the loan or the loan payments become delinquent, you should request to close the loan, and any principal payments that were made will be returned back to you. This must be done before the loan becomes 30 days delinquent, so that no negative payment history is reported.
- When the loan is paid in full, the funds in the Liberty Bank CD are available, including interest!
- Added Incentive – if you make all payments on time – the interest paid on the loan will be credited to the CD.
Once all payments are made on your Credit Builder Loan & Saver Program, you should see improvement to your credit score.*
Borrowers must also complete a Liberty Bank-approved financial counseling session that includes a budget component.
Get Started Today
Visit one of our Connecticut branches to learn more about building or repairing your credit.
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