Continue your comeback and end up with extra money
Your credit score is an important number. A good score puts you in a better position to borrow money, purchase insurance, qualify for rental housing and more. If you're rebounding from a financial setback (or setting out on your credit-building journey), one effective way to raise your score is to make on-time loan payments. Here's how Mid American's Score Booster Loan works:
- Open a Mid American direct deposit checking or savings account1 or have an existing direct deposit account.
- Choose a monthly payment2 and loan amount that fits your budget.
- $500 / $24 mo., $750 / $36 mo. or $1,000 / $47 mo.
- Pay off your Score Booster loan over 24 months. Your payments are reported each month to all three major credit bureaus: TransUnion, Equifax and Experian. After the 24 payments are made, the borrowed amount is yours to spend.
- Interest rate of only 11.00% APR3
- Need a loan where the borrowed amount is available immediately? Apply for a Signature Loan instead.
Disclosures
1Score Booster loans require a Mid American Credit Union direct deposit checking or savings account in order to be eligible. All eligible applicants are subject to approval with the exceptions of a current bankruptcy filing or a charged-off or delinquent Mid American loan or deposit account. There is no penalty if a Score Booster loan is paid off early. Improving your credit score is dependent on your current situation and financial behavior. A Score Booster loan will not remove negative history from your credit report.
2Monthly payments shown are rounded up. Final payment will be less, resulting in the Total Payments amount shown.
3APR=Annual percentage rate