Fresh Start Loan Program


In a world where second chances are hard to come by, the Fresh Start Loan Program offers an inspiring solution. If you want to establish credit or repair poor credit, talk to an Inspire FCU lender about taking out a loan.

We offer low rates and affordable payment plans while you establish savings. Simply secure your amount, pay it back on time, and your positive payment history will be reported to the credit bureaus. You'll be back on track in no time!

  • Build or repair your credit
  • Establish savings
  • Competitive rates
  • Affordable payment plans
  • Experienced lenders
  • Personal attention and service

Here's how the loan works:

  • Select the amount you wish to save (see chart)
  • These funds are secured (on hold) in a special Inspire FCU savings account
  • Pay the loan back over a 12-month term
  • Make your payments on time
  • Your positive payment history is reported to the credit bureaus
Loan AmountRate (APR)Term (months)Payment Amount
$500 10% APR* 12 $43.97
$1,000 10% APR* 12 $87.94
$2,000 10% APR* 12 $175.87

When you have repaid the loan in full, you will have access to the funds which have been on hold in your special savings account

Since this loan is secured by the funds we place in an account on your behalf, your credit history is not considered in the approval process. Should you decide to cancel the loan or if you become delinquent, we will close the loan and return the principal payments you made back to you. This will be done the day before the loan is considered 30 days delinquent, so no negative payment history will be reported.

*APR = Annual Percentage Rate. This is a fixed rate loan and will not increase during the original terms of the loan.