Best Credit Builder Loans in Arkansas
Published: 2 July 2024
Author: Noah Gomez
Finding
the right credit builder loan can be challenging. You may be tempted to
choose a popular national offer, but local institutions often propose
superior terms.
In Arkansas, we looked at
over 20 banks, credit unions, and digital lenders to find the most
competitive options on the market.
Unfortunately, state-level offers are not competitive at the national stage. We encourage all Arkansans to go national for their CBL.
Best Overall
TruService Community Credit Union
Avg. Principal: $1,000
Avg. APR: 10%
Avg. Length: 12 months
In Arkansas, TruService Community Credit Union's credit builder loan has the lowest interest rate of the three state offers. It also has a reasonable $1,000 principal amount over a standard 12-month period, making it the superior offer.
Best from Bank (Physical)
Regions Bank
Avg. Principal: $1,625
Avg. APR: 5%
Avg. Length: 12 months
Best from Credit Union
TruService Community Credit Union
Avg. Principal: $1,000
Avg. APR: 10%
Avg. Length: 12 months
Best from Digital Lender
Brigit
Avg. Principal: $600
Avg. APR: %
Avg. Length: 24 months
Best Arkansas-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Arkansas
Thick Credit is not a credit repair organization, a credit conseling agency, or a debtor education providor. It does not act on your behalf to communicate with credit reporting agencies or provide pre-bankruptcy credit counseling and pre-discharge debtor education for bankruptcy.
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