Credit Builder Loan Community Bank Parkersburg

Looking to establish your credit?

Our Credit-Builder Loan is a combination loan and savings program that can help you establish credit.*

Call (304) 420-5561 Stop In

How Our Credit-Builder Loan Works

Obtain a Credit-Builder Loan of up to $2,500 and a maximum term of 36 months**
We’ll deposit and hold the loan funds in a CD or savings account
Payments are reported to credit bureaus; on-time payments is a factor to help build a favorable credit score
As you make monthly loan payments, the paid principal on your loan is available to you through withdrawals to the savings account or CD or you can allow the funds to build in this account

Why a Credit-Builder Loan from Community Bank?

Improve Your Financial Outlook
On-time payments are reported to credit bureaus, helping you build a credit score.
Affordable, Flexible Terms
Borrow up to $2,500, with manageable payments.
Personal Support
Our local team is here to guide you every step of the way.
Qualifications are Simple
No credit history is required to obtain a Credit-Builder Loan, making it a great way to start building your credit.

Ready to Get Started?

Apply Now

Want More Information?

Reach out directly to your local branch manager:

Melissa Coe
Branch Manager, Loan Officer
North Parkersburg
(304) 420-5567
NMLS: 2751470

Amanda Mott
Branch Manager, Loan Officer
Vienna
(304) 420-5676
NMLS: 1085434

Melissa Fleeman
Branch Manager, Loan Officer
South Parkersburg
(304) 420-5667
NMLS: 17742726

Take a step toward establishing your credit, achieving your goals and taking control of your financial future with Community Bank!

*Community Bank’s Credit-Builder Loan doesn’t guarantee an improved credit score; many factors affect your score. Making on-time payments is the best way to build credit with this loan.

**To qualify for the Credit-Builder loan, you must be 18 years or older. A 36-month Credit Builder with $2,500 and an APR of 10.729% (36-month CD Rate + 2.50%) would have monthly payments of approximately $80.90. The stated APR is based on a monthly auto payment from a Community Bank checking account. APR may be higher without the automatic payment. Loans are subject to approval.

Credit-Builder FAQs

How does the Credit-Builder Loan work?

The Community Bank Credit-Builder Loan is a great way to establish a positive credit history. Apply for a short-term loan of up to $2,500 – online or in person at any branch. Once approved, simply make regular, on-time payments as scheduled. Over time, you may qualify for larger amounts as your credit grows.

See the information at the top of this page for additional details.

How can I monitor my credit health?

You can check your credit score online with any of the three major credit bureaus (Equifax, Experian and TransUnion). Each bureau offers free credit reports, and you can access your credit report at no cost through AnnualCreditReport.com.

Keep in mind …

It is very important to make your monthly payments on time each month.
It may take three to six months to start to establish a positive track record.

Credit-Builder Loan