Boost your Credit Score, Empower your Future
Our innovative loan is designed to help you Improve or Establish your credit standing. Applying for Embark’s Credit Builder Loan is quick and easy.
Let’s begin the journey Together!
Welcome to Embark
Click on the Video to the left to learn more about our loan and how it may benefit you.
Embark's Credit Builder Loan
How simple it works
1
Qualify
Qualify for your loan – it’s a no-brainer
2
Repay
Timely pay it back – we help with convenient automatic payments each month
3
Impact
Positively impact your credit as we report to all 3 credit bureaus
4
Improve
Improved credit scores increase your chances of qualifying for loans that provide you with cash
Features
No hard pull
There is no hard pull on your credit when applying for a Credit Builder Account.
Automate payments
Autopay can help you stay on track without worrying about due dates.
Track your credit score
After logging into your account, watch how your score changes over time.
Withdraw funds from your Savings Account at any time
The principal amount you pay each month towards paying down your loan, is also transferred into your Savings Account – available for withdrawal at any time.
Get ready to Embark with us on a stronger credit history. Simple. Affordable. Powerful.
Embark's Credit Empowerment Loan: How does it work?
1. Apply for Embark’s $2,000 Credit Builder Loan to build or establish your credit profile. Information provided by you will help us verify some basic personal information.
2. We carry out an identification check to make sure you are who you say you are
3. Upon approval, you will pay a small administrative fee and open up your bank accounts – a “Restricted Loan Account” and a regular Savings Account
4. The $2,000 in loan proceeds will be placed into your Restricted Bank Loan Account, which you cannot access
5. As you begin to pay down your loan with on-time payments, we report this successful loan payment information to all 3 credit bureaus.
6. Each time you make a payment, the amount you paid down your loan, will also be placed into your Bank Savings Account, available for withdrawal at any time. You decide.