Credit Builder Program
WHAT IS THIS PROGRAM?
PPCD offers Credit Building assistance to clients who are looking to re-build their damaged credit, or clients that have no credit and want to establish their credit. Clients can apply for a Credit Builder loan up to $1,000. The loan proceeds will be used to pay off adverse accounts shown on the clients credit report.
WHAT ARE THE ELIGIBILITY REQUIREMENTS?
Loan applicant must live on or within 25 miles of the Northern Cheyenne Reservation boundaries.
Applicant must have verifiable income for at least six months, completed personal budget, and completed the Credit Builder Workshop or Financial Fitness class.
Applicant must have completed a Credit Builder Action Plan.
Applicant must have a bank account for payments to be automatically withdrawn from, or use payroll deduction if applicable.
Proceeds of the loan will be paid directly to verified past due creditors.
Clients can pay monthly or bi-weekly on their loan via automatic withdrawal or payroll deduction.
Interest rate on the loan is 12%.
Collateral may be a requirement to secure the loan.
HOW TO APPLY
Click the blue button, print and complete the application.
Turn completed application into our offices at Courtesy Cash, Inc. in Lame Deer, Montana.
or mail to:
People's Partner for Community Development
PO Box 955
Lame Deer, MT 59043
Imagine using a Credit Builder loan to build your credit and be able to purchase a reliable vehicle for you and your family.