Question 1

How do I access my money after I’ve finished the Get Credit program?

Accepted Answer

Once you have paid off your Get Credit loan, the full loan amount (minus any fees incurred throughout the program, if applicable) will be transferred to your savings account.

Question 2

What happens if I miss a payment?

Accepted Answer

Missing a payment can have a negative impact on your credit score. After 10 days of no payment, a $10 late fee will be added to your account. We know things happen, and our goal is to get you on the right track to a better credit score and financial future. Give us a call if you are having trouble making your payments.

Tip: Avoid missed payment blunders by setting up free, automatic payments from your checking account!

Question 3

What should I do if I think I’m going to miss a payment?

Accepted Answer

Our team is here for you! If you think you’re going to miss a payment, call or stop into your local branch to talk to a member of our team.

Question 4

How will I know my due date and payment amount?

Accepted Answer

Your due date and payment amount will be provided near the end of the Get Credit enrollment process. The due date is typically 30 days after the enrollment date, but be sure to write down the exact date when you’re completing the enrollment. You’ll also receive this information in the loan documents that will be available to download after you electronically sign your paperwork.

Question 5

My credit score dropped when I enrolled in Get Credit. What happened?

Accepted Answer

When you enroll in Get Credit, a full credit report is pulled from TransUnion. This happens with all credit inquiries, like opening a credit card or a car loan. When a credit report is pulled, scores can decrease slightly, at first. But don’t worry – with on-time payments, this will bounce back soon!

Question 6

How much will my credit score go up with Get Credit?

Accepted Answer

There are many factors that impact a credit score; making on-time monthly payments to a loan is one way to give it a positive boost.

While there’s no way to predict exactly how much your score will be impacted by Get Credit, we do provide free FICO® updates on the Marine Mobile Banking app (which is also free to download and use) so you can periodically check your score. This will include education on the key factors effecting your score. Certain events like late or missed payments on your Get Credit loan, or other bills, can lower your FICO® score quickly, so be sure to keep this in mind when committing to the Get Credit program. The easiest way to avoid missed payment blunders is to set up free auto payments. Talk to a member of the MCU team to learn more!

Question 7

Can I enroll in more than one Get Credit loan at a time?

Accepted Answer

Members may only open one Get Credit loan per person. We encourage you to select the highest loan option ($1,510) to maximize your savings at the end of the program.

Question 8

Do I have to sign up online?

Accepted Answer

Enrollment in the Get Credit program is available through our Digital Application. Our branch staff will happily assist with completing the application in person, if preferred.

Question 9

How does Get Credit work?

Accepted Answer

Get Credit is a 12-month program that allows you to build your credit score and your savings all at once. You pick the amount to save, and we’ll set you up for success. Here’s how it works:

 	We lend you money and lock it into a safe account. Each month, you make set payments (based on how much money you borrowed) to pay yourself back.
 	With every on-time payment you make, your credit should improve.
 	After making all your payments on time, you’ll accumulate savings and improve your credit at the end of the program.

It’s that simple. No down payment. No monthly fee. No high-interest credit card debt. Start your Get Credit journey with our short, 3-minute enrollment today.

Question 10

What does it cost to start the Get Credit program?

Accepted Answer

There are no application fees or upfront payment requirements. During the enrollment process, you’ll select the amount you can afford each month ($45, $90, or $135), set up your account and loan payments, and sign the documents. That’s it! We’ll provide your payment due date during the enrollment process, which is approximately 30 days later.

Get Credit Program Assistance