Credit Counseling
Credit Counseling
Greater TEXAS Federal Credit Union has established a program that will help our members re-establish credit. It involves a four-step program, which allows a gradual rebuilding of credit.
This program encourages members to set repayment plans on outstanding debts.
If you wish to be considered for this program please submit a letter outlining the following:
- Your present financial situation
- Circumstances involved
- Solutions offered
- Goal you wish to attain
The Loan Officer will carefully review all requests and you will be further advised. Eligibility will be determined after examination of all information.
The steps to the program are as follows:
|
Amount
|
Monthly Pmt
|
Term*
|
|
|---|---|---|---|
| Step 1 | $ 300 | $55 | Approx. 6 payments |
| Step 2 | $ 600 | $66 | Approx. 10 payments |
| Step 3 | $ 900 | $70 | Approx. 17 payments |
| Final | $1,200 | $77 | Approx. 18 payments |
For more information regarding the GTFCU Credit Counseling Program, please contact us.
* This program is typical with timely payments. The Loan Officer may change the amount, payment, or term at his or her discretion depending on payment performance. Minimum term for each step is 6 payments, or months. Apply now!
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