Best Credit Builder Loans in Washington (State)
Published: 13 February 2024
Author: Noah Gomez
Finding the right credit builder loan takes time and effort, and sometimes local institutions offer better terms than national offers. In Washington state, we looked at over 45 banks, credit union, and online providers to find the most cost-effective and quality options in the market.
Best Overall
Progressions Credit Union
Avg. Principal: $7,500
Avg. APR: 5.49%
Avg. Length: 39 months
At only 5.49%, the Progressions Credit Union credit builder loan's APR is below the national average, making it the only credit union in Washington to do so.
While the entry principal is slightly higher than the national average at $5,000, it's suitable for higher-income families in Washington and payable over an minimum 30 months term.
This means the monthly payment is roughly $227.28, a powerful amount for any profile that's rare on credit-builders this size.
Best from Bank (Physical)
First Fed
Avg. Principal: $1,750
Avg. APR: 11.74%
Avg. Length: 18 months
Best from Credit Union
Progressions Credit Union
Avg. Principal: $7,500
Avg. APR: 5.49%
Avg. Length: 39 months
Best from Digital Lender
Upstart
Avg. Principal: $25,500
Avg. APR: 20.3%
Avg. Length: 48 months
Best Washington (State)-Only Credit Builder Loans
Best Multi-State Credit Builder Loans Available in Washington (State)
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