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CrediFirst Loan

The LEDC CrediFirst Loan ranges between $500-$2,500 and is designed to help you start your credit score.

  • Up to 36 Monthly Installments
  • From $500 up to $2,500
  • 0% Fixed Interest Rate
  • Personalized 1-ON-1 Financial Education

How it Works:

  • Apply for a loan
  • Meet with a business advisor and receive financial education to improve your credit score
  • Set attainable financial goals

Ready to Apply?

You will need:

  • Last 3 months of bank statements and last month of pay stubs (if self-employed, only bank statements)
  • Government-issued photo identification (driver’s license, passport, etc.)
  • No application or closing fees
  • Voided personal check
  • LEDC intake form

Benefits to You (the borrower)

  • All 3 credit bureaus will receive your positive payment history.
  • Borrowers without credit history achieve a FICO credit score of over 650 after 12 months.
  • Borrowers will learn about budgeting, debt management, and credit-building.
  • Borrowers who reduce credit card debt and fix past due accounts and collections observe an improvement of their credit score between 20 to 100 points.

Other Considerations

  • No minimum credit score is required.
  • Clients are no eligible for this program if they have past-due accounts of over $2,500, tax liens, court judgments, or child support.
  • Clients must be current in all credit report accounts (excluding medical payments and traffic tickets).
  • If you have recently filed for bankruptcy, please allow a minimum of one year to pass before applying.

Start your application here!