Find your responses. A Credit intense account could be the fusion of the secured consumer installment loan and a family savings.

How It Operates

Through the lifetime of your Credit Strong account you build both credit score and cost cost savings.

Once you start a Credit account that is strong

  • Austin Capital Bank provides you with an installment loan and places the lent funds in a checking account in your title
  • You may not get the funds on one, they are instantly deposited into the savings account day
  • A lock is positioned on the funds when you look at the family savings to secure the mortgage every month you create just one, fixed monthly payment of principal and interest in the loan
  • The portion that is principal of loan re re re payment is credited towards the lock on the savings account while the interest part of your re re re payment is how exactly we cover the expenses of supplying the solution for you
  • Through the term of one’s account we report your loan re re re payment history to all or any three credit that is major and you also make interest on your own checking account balance
  • Once the loan is compensated in-full, the lock is taken away through the checking account while the funds become accessible to you