Loans // Credit Builder
Credit
Builder Loans
Get $500 with no upfront costs.
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$500 Today
At Embassy Loans, we understand the importance of good credit. Whether you’re looking to establish credit for the first time or improve your existing credit score, our credit builder loans are designed to help you achieve your financial goals.
Requirements:
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Valid State or Federal Identification
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Social Security Number
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Resident in the State of Florida
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Two (2) Proof of Residence
Utility Bills
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Proof of Income
Employment Information – 1 Paystub Self-Employed Information – 2 months Bank Statement Social Security/Government Assistance – Awards letter
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Four (4) references including two (2) relatives
Estimate your Payback
The loan calculator provided on this website is intended for illustrative purposes only and is not an application for credit. The results provided by this calculator are estimates based on the information you have provided and do not constitute a loan offer or approval. Actual loan terms, rates, and payments may vary based on the lender’s policies and your financial situation.
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$500 within 2 hours
*After Approval
- No Collateral Needed
- Quick Approval Process
- Competitive Interest Rates
How It Works
With a credit builder loan, you make regular payments over a fixed period. Each payment contributes to building a positive payment history, which is crucial for improving your credit score.
Unlike secured credit cards or loans that require a deposit, our credit builder loans don’t require any upfront money. This makes them accessible to individuals who may not have savings to deposit.
We report your payment activity to major credit bureaus. This means that your responsible borrowing behavior is reflected in your credit report, helping you establish a positive credit history.
Our credit builder loans come with affordable terms and competitive interest rates. We believe in providing a fair and accessible solution for improving credit.
- Complete your online application
- Approval within minutes
- Get your funds
Frequently Asked Questions
The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.
A credit builder loan involves making scheduled on time monthly payments towards the loan, we typically request that the customer sign up with autopay to help them assist with timely payments.
Credit builder programs are ideal for those with little to no credit history, or those who need to rebuild their credit after negative events like bankruptcy or default. They are also useful for young adults starting their financial journey.
If you make consistent, on-time payments, your credit score is likely to improve. However, individual results vary, and other factors like existing debt or credit utilization also affect your credit score.
Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.
Yes, Embassy Loans will need to pull your credit report if you have credit experience and to determine if you are eligible for the program.
Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.
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