credit builder

grow your credit without building more debt

Many of life’s biggest purchases, like a house, a car, or a college tuition, are things you’ll only be able to buy on credit. Establishing good credit takes time to build and is important through all stages of life.

Why is my credit score important?

  • It’s a key factor in determining your eligibility and trustworthiness for any loans

  • Good credit scores mean lower interest and insurance rates, which saves you money

  • Many employers check an applicant’s credit score and history during the interview process


what can it do for you?

Credit Builder perks

No matter what stage you’re at, Credit Builder can help.

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Build or repair credit

Bad credit makes many aspects of daily life difficult, impossible, or more expensive. Having no credit can be just as bad as having poor credit. Less than 1% of the U.S. population has a perfect credit score. Work on repairing your credit without having to enroll in a credit card or paying expensive "consulting" fees.


Small monthly PAYMENTS

The Credit Builder account is designed with everyone in mind. You can make small monthly payments intended to be affordable on any budget. Or you can make larger payments to build faster. The Credit Builder account puts you in charge of your savings.


Help yourself or someone else

Up to two people can be on the loan, and thus get improved credit. Only one person can be on the CD, though. Parents can cosign with their kids to help them establish good credit early.


zero, zero, zero

Both the certificate and the loan are at 0% interest and 0% APY. The certificate is collateral and thus cannot be accessed by anyone while the loan is in place. RiverHills Bank does not charge any maintenance fees on Credit Builder accounts.


grow your savings

The monthly payments you make on your Credit Builder account are depsoited into a CD. At the end of your term, you will receive a check for the total amount you have paid on the loan. You can use those funds for a down payment on a new car, your first home, or for a rainy day.

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no negatives

The RHB Credit Builder can never hurt your credit score, even if you miss a payment. You may keep the account open for as long or as short of a term as you prefer.

*There is no approval process outside of having the necessary identification documents. We reserve the right to deny someone access to this product if they have previously committed fraud, are suspected of attempting fraud using this product, or have been unsuccessful in the past with one of these types of accounts. 

Our Customer Service experts can help you get signed up. You will need to come into a branch to sign your disclosure form as well as verify your identity.


have questions now?

get the details

Our branch staff is happy to talk with you more about the program, the requirements, and the benefits.


Ready to get started?

GET connected TODAY

Fill out this short form to have a Branch Manager contact you and begin your Credit Builder application immediately.