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CrediFirst Loan

The LEDC CrediFirst Loan is a $500 or $1,000 loan designed to help you start or improve your credit score.

  • 12 Monthly Installments
  • From $500 up to $1,000
  • 9% Fixed Interest Rate
  • Personalized 1-ON-1 Financial Education

How it Works:

  • Apply for a loan of $500 or $1,000
  • Meet with a business advisor to review your credit profile
  • Set attainable financial goals

Ready to Apply?

You will need:

  • Last 2 months of pay stubs or bank statements
  • Government-issued photo identification (driver’s license, passport, etc.)
  • $10 application fee (includes 1 credit report)
  • Voided personal check
  • LEDC intake form

Benefits to You (the borrower)

  • Credit bureaus will receive your positive payment history
  • Borrowers will receive improved credit scores based upon the results of the payment report.
  • Establishing credit and having a positive payment history provides increased access to credit and favorable interest rates, etc.!

Other Considerations

  • No minimum credit score required.
  • Clients cannot qualify for a loan if they have unpaid tax liens, court judgment, child support, or recent collections within the past year.
  • Clients must be current in all credit report accounts (excluding medical payments and traffic tickets).
  • If filed for bankruptcy, allow one-year minimum before applying.

Start your application here!