Best Credit Builder Loans in Utah
Published: 3 July 2024
Author: Noah Gomez
Finding the right credit builder loan is not easy. In addition to
amount, APR, and duration, you have to consider to which bureaus the
loan reports, cancellation penalties, and more.
Additionally, strong local options often get lost in the shadow of national offers. In Utah, we looked at over 12 different institutions, and First Community Bank makes a compelling offer.
Best Overall
First Community Bank
Avg. Principal: $1,250
Avg. APR: 9.99%
Avg. Length: 30 months
At 9.99%, First Community's APR is just above the national average, but it ranks high in service and provides a healthy range of principal up to $2,000 over minimum 24 months. Utahns can feel comfortable choosing First Community's CBL.
Best from Bank (Physical)
First Community Bank
Avg. Principal: $1,250
Avg. APR: 9.99%
Avg. Length: 30 months
Best from Credit Union
Ufirst Credit Union
Avg. Principal: 100% of Your Savings
Avg. APR: 3%
Avg. Length: 60 months
Best from Digital Lender
Cambio
Avg. Principal: $300
Avg. APR: %
Avg. Length: 12 months
Best Utah-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Utah
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