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International Financial Enterprise Bank. The Evolution of Finance.
 

Credit Builder Loan Program

Taking your Credit Score to New Heights

Standard Loan Amount

$600

Loan proceeds are held as collateral 16 monthly payments of $65.18

 

Payment proceeds cover:

  • principal and interest payments, and
  • six-months of credit repair services from Go-Go Credit Builders

Upon completion you have:

  • $600 in the bank,
  • credit report has been scrubbed and cleaned,
  • a positive pay history has been reported to the credit reporting agencies,
  • established a loan payment history to creating and/or raising your credit score,
  • seen your credit score improve every month, and
  • You are one step closer to realizing your dreams.
 
 

Premium Loan Amount

$1,200

Loan proceeds are held as collateral 14 monthly payments of $122.90

 

 

 

The same process as the Standard Loan, but with a greater positive impact on your credit score.

 

 

 

 

 

 

 
 
 
 
 
 

Pick the payment plan that fits your budget.

Sign-up Today

 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 

Here's how it works

 
 
 
It's simpler than you think
  • Sign-up for GoGo Credit Builder Program
  • Complete IFEB’s Credit Builder Loan and Certificate of Deposit Application
  • The loan proceeds ($600 or $1,200) are placed into the Certificate of Deposit
  • The Certificate of Deposit is used to collateralize the Credit Builder Loan
  • Make the monthly scheduled payments
  • Each month IFEB reports your on-time payment to the credit bureaus
  • Your FICO score improves every month
  • When the loan is paid off, the money in the Certificate of Deposit is free for you to use ever how you want.
Loan Detail Standard
Premium
Borrowing $600.00
$1,200.00
Term 16 months
14 months
Interest Rate 24.99%
24.99%
Processing Fee $40.00
$40.00
Direct Debit Required Yes
Yes
Payment Due Date 1st business day of month
1st business day of month




Payment Summary


Go-Go Credit Builders $299.99
$299.99
Principal Payments $600.00
$1,200.00
Interest Payments $142.94
$221.64
     Total Payments $1,042.88
$1,726.60