Bay Cities Credit Union

PAL
Parent Assisted Loan

What is it?

Today many lenders set the interest rate on a loan by the credit score that comes on a credit report.

With PAL, your son or daughter can take advantage of your score to set the interest rate on a loan, possibly savings hundreds of dollars in interest costs. At the same time we enroll your son or daughter in our ScoreBuilder™ program showing them how to establish and protect a good credit score. Apply now!

How does it work?

You sign on your son or daughter’s car loan as a co-applicant. We then use your credit score to set the interest rate on the loan. It’s that simple.

How does ScoreBuilder™ help?

ScoreBuilder™ helps establish and protect a good credit score. The program assists members with low credit scores, making recommendations to improve their score and a time frame in which a higher score can be achieved.

We Do Business in Accordance With Federal Fair Lending Laws

Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. NCUA National Credit Union Administration, a U.S. Government Agency.

revised 5.1.2006

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