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. If member does not have the fee amount in their account, we will take the fee from the blazing bucks loan amount.
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