Credit Builder Loan Program
Taking your Credit Score to New Heights
Standard Loan Amount
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
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.
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.
|Term||16 months||14 months|
|Direct Debit Required||Yes||Yes|
|Payment Due Date||1st business day of month||1st business day of month|
|Go-Go Credit Builders||$299.99||$299.99|