Don't let bad credit get you down. Build or reestablish your credit while you save for the future — with no hidden fees.

  • Rebuild or establish your credit history
  • Boost your existing credit score
  • Grow your savings as you borrow
  • Loan funds deposited into a savings account with a hold:
    • As you pay down your balance, proceeds become available
  • Monthly payments reported to leading credit bureaus
  • Flexible monthly repayment terms
  • Local, Montana decision making and processing
  • Friendly, attentive service from start to finish

Want to learn more about your credit score? Get your free Credit Score Analysis.

More Information

Most companies use credit scoring to help them analyze information so that they can make objective, consistent, fair, and quick lending decisions. A credit score is a result of analysis of scoring models and computerized formulas based on how millions of consumers have performed in repayment of debt over time.

Everyone’s credit journey has to begin somewhere. It might seem impossible to begin when creditors keep denying your applications due to your lack of credit. Building credit can be tricky. If you don’t have a credit history, it’s hard to get a loan, a credit card or even an apartment. Don’t get discouraged! When you’re just beginning to build your credit, consider starting off small and looking for options available for those with little or no credit.

It is possible to build your credit score with a Sky Federal Credit Union Credit Builder Loan!

There are many different credit score models produced by a number of different companies. To establish a FICO score, for example, you need at least one account that’s been open for six months or longer, and you need at least one creditor reporting your activity to the credit bureaus in the last six months. 

With a Sky Federal Credit Union Credit Builder Loan, the money you borrow is deposited to your savings account with a hold on the funds. As the loan is repaid, the proceeds become available to you. Your monthly payments are reported to the credit bureaus to create your score.