Market USA Federal Credit Union in the state of Maryland has a Fresh Start Loan program that was specifically designed to help people with bad credit develop a good track record of credit worthiness.
Along with getting in a habit of putting some money aside for savings. with each payment that a consumer makes to their loan, Market USA Federal Credit Union will put an equal portion of that payment in a savings account. With every payment made to your unsecured loan, your savings will increase as the balance of your loan decreases. However, this saavings account will be pledged as collateral for your Fresh Start Loan until it is paid in full.
No Credit Check is required to get approved, however, a applicant must have at least six months of verified employment, $30.00 non-refundable fee, direct deposit to a Market USA FCU account of net pay with a minimum of $500/month is required.
A person with bad credit can borrow up to $500 with terms up to 10 months with a APR of 18%. A minimum payment of $50 is required every month.
To apply for this loan or for further information, visit or call one of the Market USA branches listed below:
8200 Professional Place, Suite 105
Landover, Maryland 20785
8871 Gorman Road, Suite 100
Laurel, Maryland 20723