FICO FIT Loan

Click Here for understanding FICO Scores

At New Dimensions, we believe it is never too early or too late to begin building or rebuilding credit. The FICO Fit Loan is designed to do just that! Loan proceeds are deposited to a share account. Funds are pledged and locked for the term of the loan. Once the loan is repaid, funds can be withdrawn to make a special purchase, put away for savings, or deposit onto a secured credit card. Please keep in mind that although this product is a loan, the funds will not be available right away. The purpose of the FICO Fit is to help you establish your credit and develop good savings habits so that you can qualify for traditional loans in the future.

9 or 12 month terms available.

Maximum loan amount is $500.00

Payment options are cash or automatic payment

No cosigner required. A parent must sign as a Guardian for persons under age 18.

A credit report is required but not for qualification, just education. We will use it as a tool to determine how to help you build your credit.

ALL RATES SUBJECT TO CHANGE AT THE DISCRETION OF THE BOARD OF DIRECTORS

MEMBERSHIP ELIGIBILITY REQUIRED

The following rates have an effective date of February 1st, 2012

 

FICO FIT Loan	Rate	Term	Payment Per Month	Maximum Amount
	8.50%	12 Months	$43.61	$500