Fresh Start Program (Impaired Credit)

Repairing your credit after a financial hardship, a divorce or a large unplanned expense can seem like a difficult task. Credit repair doesn’t have to be hard. Our Fresh Start Program has products available for you to start building good credit.

Available Program Products: 

  • Share Secured Loan
  • Fresh Start Auto Loan with Rebate*
  • Fresh Start Credit Card

To qualify for this program, you must open a MOBILITY Credit Union Checking Account.

What is a Shared Secure Loan?

A Share Secured Loan is secured by the funds in your savings or share certificate account. The funds will be “frozen” from use and made available as the loan payments are made. If you have bad credit or no credit at all, these loans can help you build credit. Every time you make loan payments or pay off a loan, it is reported to the Credit Reporting Agencies.  

What is the Fresh Start Auto Loan Program?

The Program offers Members the opportunity to receive a rebate at the end of the loan in the form of a cash payment from Mobility by making monthly payments in a timely manner. The Program is limited to direct auto loans by Mobility to Members with Mobility’s Tier D credit rating. The maximum loan amount is $20,000.00, the loan to-value ratio must be 90% or less, and the loan must meet Mobility’s underwriting criteria.

Fresh Start Rebate Details

What is the Fresh Start Credit Card?

Members who qualify for the Fresh Start Program could also qualify for our Fresh Start Credit Card. Maximum Credit line is $500. Member must have an MCU Auto Loan and a monthly Direct Deposit of $500 or greater. 

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 *Terms and Conditions apply. Please contact us for more information.