How it Works Step 1: You apply for the credit builder loan when you need to establish your credit history, or improve your credit rating. Step 2: We hold the borrowed funds until you successfully pay off the loan. Step 3: You pay off the loan and we will release the full amount of the loan plus all dividends to you. How to Apply To apply for a Credit Builder loan, please contact or visit your local branch. Need Help Managing Your Credit? If you’re looking for support in managing your credit, Self-Help offers FICO® Credit Score Reviews free to members. Learn more and book your 30-minute session at an available branch today!