credit

Credit Builder

Credit Builder Loan
& Savings Program

Need to establish a positive credit history? Need to rebuild your credit after past problems? Jersey State Bank has a loan program that can help! JSB’s Credit Builder Loan and Savings Program not only helps build, or rebuild, your credit but it can also help create savings for the future. This program can assist you in improving your future ability to qualify for a home mortgage, auto loan or other types of financing.

How JSB’s Credit Builder Program works:

  • It’s as simple as filling out a loan application and speaking to a lender to come up with the best solution to meet your needs.
  • We will take the proceeds from the loan and deposit that amount into a savings account in your name here at JSB; which is then held as the loan’s collateral.
  • Once the loan is paid in full, you have not only helped build your credit history but you also have money available in your account for future use!

JSB’s Credit Builder Program has a low fixed rate with affordable monthly payments.

  • Loans normally up to $1,500.
  • Terms typically up to 18 months..
  • Low fixed rate.
  • Payment history that is reported to all three credit bureaus; TransUnion, Experian and Equifax.
  • Establishes an account for future savings.
  • Program also includes basic financial education and credit building tips.