Fresh Start Loan

You might not have perfect credit, but there are times you definitely need money fast. Up to now, predatory payday lenders were your only option. But now you can skip the enormous fees with a Money One Fresh Start Loan.


We've designed this program to provide much more affordable rates than payday lenders, while helping to repair your credit. Whether you need cash between paychecks or have an emergency, Money One is here to help.

Summary
  • Avoid payday lenders, which add enormous fees on top of loan
  • Fresh Start Loan can help repair bad credit
  • Credit history does not affect decision-making
  • Credit report will not be pulled
  • $35 application fee is far less than payday lender fees
  • One $500 loan per 12-month period
  • Maximum of 3 Fresh Start Loans per member

Check out our current rates.



Low-cost Debt Protection available

Eligibility
  • Must be a Money One member for at least 3 months
  • Have a minimum of 3 months verified employment (non-seasonal)
  • Make contact with BALANCE Financial Fitness prior to receiving funds
  • Have never caused a financial loss to Money One
  • Proof of income required
  • Must keep loan at least 6 months prior to payoff to qualify for another Fresh Start Loan
  • Monthly payments are set up as automatic deposit or payroll deduction

A separate sub-savings account is required to open along with the loan. An automatic deposit from your payroll will be made into this savings account equal to the monthly payment on the Fresh Start Loan. This is designed to help you build a savings account for future needs while meeting your current needs.