Credit Comeback Program
Having a good credit score is critical to being able to achieve your goals, whether you want to rent an apartment, purchase a home, or finance a car. If your credit history has been derailed, Midwest BankCentre’s Credit Comeback Program may be the solution to get your credit score up to speed or back on track.
Want to give your credit score a boost?
If your credit has been damaged or you don’t yet have a credit score, our Credit Comeback Program can help you build or rebuild your credit so you can achieve your goals.
Here’s How It Works
Midwest BankCentre’s Credit Comeback Program is a simple three-step plan.
Credit Booster Loan
A Credit Booster Certificate of Deposit (CD) is a great first step to improve your credit, with flexible term and payment options. We report your success to the credit bureaus as you make payments, and you keep the principal and interest you’ve earned at the end of the term.
Secured Credit Card
Safely continue rebuilding your credit by securing a credit card. Using the funds from your Credit Booster Loan makes this transition easy. Minimum balance starts at just $500!
Unsecured Credit Card
After completing the first two steps, you may be eligible for one of our unsecured reward products. Find the card that is the best fit for you, and get rewarded for your credit-building progress! Apply now or call us at 314-631-5500 or 800-894-1350 to get started.
Additional credit building tips.
- Check your credit reports annually at no charge: For more information, visit www.annualcreditreport.com.
- Make on-time payments: Missed payments can damage a score quickly, so be sure your payments are being made in a timely manner.
- Pay down revolving credit lines: If possible, utilizing less than 30% of a credit line can help improve your score.
- Limit how often you apply for new accounts: Hard inquiries for loans such as Automobile or Home can negatively affect credit, so be sure to limit how many institutions you are applying at.
Ask a banker about our Life Happens® products!
Designed for life’s ups and downs, our Life Happens® product suite was designed to give the most people a shot at winning. We believe everyone should have access to reasonably priced capital, even those whose with less-than-ideal credit. We believe in lending a helping hand, because we know Life Happens to all of us.