Blazing Bucks
When life happens, we’re here for you.
Apply for a Blazing Bucks loan!
When life happens. We’re here for you.
Whether you need a little extra cash for books, groceries, an emergency car repair, or anything in between, a Blazing Bucks Loan can help. Get money when you need it most deposited right into your account with just a few clicks taking less than a minute!
Blazing Bucks loans are a smarter alternative to other high-cost options and help you to build or repair credit. While there is no credit check required, we will be reporting repayment history to the credit bureau.
· Loans up to $1,500 with a fixed term
· Must be a Syracuse Fire Department Federal Credit Union member for six months
· Must be 18 years or older
· Must have direct deposit or reoccurring ACH deposit
· Auto-pay required
· 18% Interest Rate
· $20.00 application fee
· No credit check required, with an instant loan decision
· Can be used to build or repair credit
· Maximum three Blazing Bucks loans per twelve months
It’s easy to apply for a Blazing Bucks Loan. You can do it anytime through online banking and mobile banking.
FAQ
Blazing Bucks Loan – Frequently Asked Questions
What is a Blazing Bucks Loan?
Blazing Bucks is a small-dollar loan designed to provide a smarter, more affordable alternative to high-cost lending options while helping members build or repair their credit based on your relationship with us instead of your credit.
What makes Blazing Bucks different from other loans?
- Has a fixed term and predictable payments
- Requires no credit check
- Reports your repayment history to credit bureaus to help improve your credit score
Who is eligible for a Blazing Bucks Loan?
- Be a member of Syracuse Fire Department Federal Credit Union for at least 6 months
- Be 18 years or older
- Have direct deposit or recurring ACH deposits
- Enroll in automatic loan payments (auto-pay)
How much can I borrow?
- You can borrow up to $1,500
What is the interest rate?
- The loan has a fixed 18% interest rate.
Are there any fees?
- Yes, there is a $20 application fee per application
How many Blazing Bucks loans can I have?
- One blazing bucks loan at a time, Members can receive a maximum of three Blazing Bucks loans within a 12-month period.
Will this loan help my credit?
- Yes! Your repayment history is reported to credit bureaus, which can help you build or repair your credit when payments are made on time.
What happens if I miss a payment?
- Missed or late payments may negatively impact your credit, so it’s important to stay current. Auto-pay helps ensure you never miss a payment.
How do I apply for a Blazing Bucks Loan?
Applying is quick and easy:
- Log into online banking or mobile banking
- Submit your application anytime
- Receive an instant decision
How long does it take to get approved?
- Approval is typically instant, making it a fast and convenient option when you need funds.
Is auto-pay required?
- Yes. Automatic payments are required, ensuring timely repayment and supporting your credit-building goals
What can I use a Blazing Bucks Loan for?
You can use the funds for any personal need, such as:
- Emergencies
- Bills
- Unexpected expenses
- Everyday financial needs
What happens if my application is declined?
- You will be restricted from applying again for 30 days
Why would I be declined?
- No direct deposit
- No reoccurring ACH deposits
- You already have $8,500 in personal loan with us
It says I am restricted, what does that mean?
- You have already been declined once in the last 30 days
- You are under the age of 18
- Your account is a trust or estate account
- You may have a Bankruptcy
- Your loans are delinquent
- Your checking account is negative