Second Chance Unsecured Personal Loan - Colorado

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Here at InfoAviator Publishing, our staff knows how hard it is to qualify for a unsecured personal loan with bad credit or no credit. This is the reason why our staff and viewers have assembled this list of credit unions in the state of Colorado that are willing to give potential borrowers a second chance personal loan that can help with rebuilding their credit.

Consumers can also view our list of nationwide banks and financial institutions at that are willing to give out high risk unsecured signature loans to subprime borrowers.
asked Oct 3, 2014 in Personal Finance by tomvargo706 (5,290 points)

4 Answers

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Arapahoe Credit Union offers a credit builder loan for those looking to rebuild or start a history of good credit.Even though this loan is secured a against your own money, it can be useful because it allows a borrower to build credit and it the loan comes with a fantastically low 3% APR. 
How it works:
Once you get you approved, they will put a hold on the pledged funds which will be held in either a savings account or certificate of deposit.  Once the loan is paid down you can withdraw the money and use it as you please. As you pay the loan down, your credit report starts to see positive history.
To learn more about this second chance loan product, please contact Arapahoe Credit Union main office below:
3999 E. Arapahoe Rd. 
Centennial, CO 80122
Phone: 303-740-7063 or  866-740-7063
answered Oct 3, 2014 by tomvargo706 (5,290 points)
edited Oct 3, 2014 by tomvargo706
0 votes
Sooper Credit Union offers a second chance credit builder loan that is secured by the loan proceeds and requires no money upfront or credit history.
The loan comes with low monthly payments and a low interest rate with no prepayment penalties or fees. Borrows can repay the loan with automatic transfers, payroll deduction, or coupon books.
How it works:
The loan proceeds will be deposited into a Sooper Credit Union savings account where the money will earn interest while the borrower pays back the loan. Once the loan is paid off, the borrower will have gained one positive report with the major credit bureaus and have built up their savings account to do with what they want. 
For more information on this second chance loan product, please contact one of Sooper Credit Union's branches below:
5590 W. Evans Ave. 80227
Phone: (303) 986-7500
5005 W 60th Ave Arvada, CO 80003
Phone: (303) 427-5005
998 S. Chambers Rd. 80017
Phone: (303) 430-5473
2132 W. Colorado Ave. 80904
Phone: (719) 634-3516
2440 Patterson Rd. 81505
Phone: (970) 242-0123
answered Oct 3, 2014 by tomvargo706 (5,290 points)
0 votes

Denver Community Credit Union offers a second chance credit builder loan that was engineered to do just that.  Everyone needs to have a starting point somewhere to rebuild or build, their credit. If you are looking to increase your credit history, or a way to rebuild your credit profile, then this is may be the product for you.  

Applicants can apply for a loan of $500 or $1000 and that money will be placed into a Share Certificate.   Over the course of the loan, the borrower will then make regular on-time payments in which your repayment history will be reported to various credit reporting agencies. 

Once the loan has been completely paid off, the loaned money along with all of the interest your Share Certificate earned during the term of the loan, can then be withdrawn.  

There is no credit history required or no money required upfront to get approved.
For more information on this second chance loan product offered by Denver Community Credit Union, please contact one of the banking branches below:
1075 Acoma Street
Denver, CO 80204
15460 E Andrews Drive
Denver, CO 80239-5737
1095 Federal Boulevard
Denver, CO 80204
Call Center Phone Numbers:
answered Oct 3, 2014 by tomvargo706 (5,290 points)
edited Oct 3, 2014 by tomvargo706
0 votes
Partner Colorado Credit Union offers CD and Share Secured Loans in which the proceeds of the loan will be used to secure the borrowed money and it comes with a term of up to 36 months. This can be a great way to establish or rebuild your credit.
Please contact one of Partner Colorado Credit Union's branches below for more information on this second chance secured loan product:
6221 Sheridan Blvd.
Arvada, CO 80003
998 S. Chambers Rd.
Aurora, CO 80017
1 Garden Center
Broomfield, CO 80020
5150 S. Federal Blvd.
Littleton, CO 80123
4000 Quebec St.
Denver, CO 80216
1600 W. 12th Avenue
Denver, CO 80204
4567 E. 9th Avenue
Denver, CO 80220
Contact Center: 303.422.6221
answered Oct 3, 2014 by tomvargo706 (5,290 points)

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