Credit Recovery Loan

Everybody deserves a good credit comeback.

Credit Recovery Loan 101

To get your credit up and running or back on track, we loan you up to $1,500 and put it straight into your savings account — with a hold on the funds. You’ll pay us monthly until the loan is paid in full (congrats!), then we’ll release the funds for you to spend as you wish.

Shine up that credit score.
At a fixed rate of 10% and with a 10-day payment grace period, our Credit Recovery loan helps you establish or repair your credit with almost no risk. And the best part? We provide the funds up front which means you don’t have to. You can set your payment terms for up to 24 months, and we recommend a term of at least 12 months* so you have a year’s worth of reliable payment history to show for your hard work.

*Credit Recovery Loan Payment Example: For a $1,500 loan for a term of 12 months with a 10.00% APR, the monthly payment will be $131.88.

Loan Benefits

Always in your pocket

On the couch or on the go, keep your money close with our Mobile App and Online Banking.

Where you go, we go

Credit Unions around the world work together to make sure our members can use branches and ATMs everywhere — surcharge-free. Nice, right? Download our CO-OP app and plot your next getaway.

Goal setting made simple

Our skilled experts are easy to reach and happy to help. For members and non-members alike, meetings and consultations are always free, so make the most of your money, on us.

Rest easy

With us, your money is always protected and insured by the National Credit Union Administration. You’re covered on all deposits up to $250,000, so save away.

Get by with a little help

Or even a lot. Either way, we’re here. Call, text, or chat with our experts anytime you need a friend who knows all things Fortera.

Pay on your terms

Set your payment term for any length of time of up to 24 months. We recommend a minimum of 12 months to get that good credit history going.

Fixed interest

A 10% fixed interest rate means you’ll never pay more, and always know what to expect.

A little grace

A grace period of 10 days will apply to all Credit Repair loan payments. Friendly heads up: Interest will still accrue during that time.

Get Started

Give your credit score (and your future self) a big boost. Apply for a Credit Recovery loan today.

Member Resources

Show me the quick links! These are the things we always seem to need and can never seem to find.

Add Debt Protection to Your Loan


If your life takes an unexpected turn, your family’s finances can be strained. But with Member's Choice Borrower Security with Life Plus, your loan payments or balance may be canceled, up to the contract maximums, in case of involuntary unemployment, disability, or death. It’s just one more way you can look out for the people you love.

Take an important step toward financial security. Email us at loans@forteracu.com and ask about Member's Choice Borrower Security with Life Plus today.

Your purchase of Member's Choice Borrower Security with Life Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of Member's Choice Borrower Security with Life Plus. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid.
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Submit a Debt Protection Claim


Need to submit a claim? No problem, we've got you covered. You can submit a claim at myclaim.cunamutual.com. If you have any questions, please text us at 931.431.6800 or email us at info@forteracu.com and we will be happy to help.

Document Checklist for Personal Loans


To verify your identity, we always ask that you come prepared with a government-issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. If you have a question about whether or not an ID can be used, just text us at 931.431.6800.

In addition to identification, you will also need to bring:

  • Income verification

Have questions? Just email us.

Learn About Additional Insurance Coverage With TruStage


As a Fortera Credit Union member, you have access to additional insurance protection through our partner, TruStage. They provide Life, Auto, Home, and Accidental Death Coverage. You can get up to $1,000 of Accidental Death coverage for free by visiting trustage.com and claiming your offer.

If you have questions for our team about TruStage insurance, please text us at 931.431.6800 or email us at info@forteracu.com.

Need a hand?

We are here to help! Give us a call and let's chat face-to-face.

Who is a Credit Recovery Loan for?


The Credit Recovery Loan was designed for people with low credit that need help raising it and may not have the funds to do so by themselves.

What kind of rate does a Credit Recovery Loan have?


The Credit Recovery Loan has a fixed-rate of 10%.

How much money can I get with the Credit Recovery Loan?


You can get up to $1,500 with the Credit Recovery Loan. It's important to remember that a hold will be put on this money and you cannot use it freely, but it is a great amount to start moving to help you repair your credit.

What is a Credit Recovery Loan and how does it work?


A Credit Repair Loan is a loan designed to help you build your credit up safely and securely. The best part? You don't even need to have the money up front. We will help you with that. Our team can help you set up a savings account, give you a small loan, place a hold on the funds, and help you build a controlled payment plan over time. We're here to help so give us a call at (931)431-2258 and ask us how we can help you get your credit where it needs to be.

How is a Credit Recovery Loan different from a Share Secured Loan?


Share Secured Loan is secured with a share product ( examples include a savings account or certificate) that you own while a Credit Repair Loan is a loan provided to you by us. We recommend the Share Secured Loan for first-time credit builders while we recommend the Credit Repair for those who need to rebuild damaged credit.

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What's New

Nitty, gritty, and super important.

Fine print is your friend. When you have a minute, give these a good read:
Rate and Fee Disclosure
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