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Find your responses. A Credit intense account may be the fusion of the consumer that is secured loan and a family savings.

How It Functions

Through the lifetime of your Credit Strong account you develop both credit rating and cost cost savings.

Whenever you start a Credit Strong account:

  • Austin Capital Bank offers you an installment loan and places the borrowed funds in a family savings in your title
  • You don’t have the funds on one, they are instantly deposited into the savings account day
  • A lock is positioned in the funds into the checking account to secure the mortgage every month you will be making just one, fixed month-to-month payment of principal and interest in the loan
  • The portion that is principal of loan re re payment is credited towards the lock in your checking account as well as the interest percentage of your re payment is exactly how we cover the expense of supplying the solution for your requirements
  • Through the term of one’s account we report your loan re payment history to all or any three major credit reporting agencies and also you make interest on your own checking account balance
  • As soon as the loan is compensated in-full, the lock is eliminated through the family savings plus the funds become accessible to you

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