Best Credit Builder Loans in Florida
Published: 14 February 2024
Author: Noah Gomez
A number of Florida institutions provide credit builder loans, but picking the best one for your circumstances isn't easy. A simple error of omission can cost months of waiting and interest you don't need to pay.
We looked at over 45 banks, credit union, and online providers to find the most cost-effective and quality options in the market. Below you'll find an option for everyone, from poor credit to good credit and cash-strapped to cash-poor.
Best Overall
Coastline Federal Credit Union
Avg. Principal: $750
Avg. APR: 9.5%
Avg. Length: 12 months
Coastline's 9.5% APR credit builder is available over 5 Florida counties, including Duval. At $750 average principal, it's an accessible option that requires $69 monthly payments for twelve months. Once paid in full, you'll get the $750 back.
Best from Bank (Physical)
Regions Bank
Avg. Principal: $1,625
Avg. APR: 5%
Avg. Length: 12 months
Best from Credit Union
Coastline Federal Credit Union
Avg. Principal: $750
Avg. APR: 9.5%
Avg. Length: 12 months
Best from Digital Lender
Ava
Avg. Principal: $252
Avg. APR: 2%
Avg. Length: 12 months
Best Florida-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Florida
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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