Credit Forgiveness

IH Credit Union is excited to announce that they have a new lending program called “Credit Forgiveness” that is designed to help those with less than perfect credit.

We now offer subprime loans to members who do not qualify for prime rate loans. If a member makes their payment on time for 12 consecutive months, they will have the choice to either lower their rate by 2% APR or have their credit score pulled again and receive a rate based on that score.This program applies to members with credit scores 640 or below. If you qualify for "Credit Forgiveness", you will be given a certificate at the time that you take out your loan that you will need to bring in at the end of the 12 month period.

We are pleased to  offer “Credit Forgiveness” to our members and hope it will offer those with credit challenges a chance for a new beginning!

Not everyone will qualify for a loan or for the "Credit Forgiveness"' program.