Credit Consolidation

We understand the different financial challenges prospective homeowners or business owners might be facing – from unpaid loans to credit card debt. Through our community partnership with Lending Link, you can be equipped to take steps needed to consolidate debt and find stronger financial ground.

In partnering with Lending Link, O100 provides tailored small loan products, along with robust financial education, designed to help our clients get beyond the financial barriers that can prevent them from qualifying for a home or business loan.

O100 is excited to offer all its Credit Consolidation loan products at 0% interest.

Types of Loans

Debt Consolidation Loans: Loan amounts range from $500 - $15,000 with repayment options up to 48 months depending on the size of loan.

Vehicle Loans: O100 realizes that having a reliable means of transportation can be vital in strengthening one’s financial outlook. Loans to purchase a vehicle also range from $500 - $15,000 with repayment up to 48 months depending on the size of loan.

Going Green Car Loan: O100 is excited to support clients pursuing eco-friendly transportation through its Going Green Car Loan. This loan is for hybrid or electric vehicle purchases, with the amount and repayment options referenced above, and comes with a discounted origination fee.

Start Application Process

Please refer to the eligibility requirements below. If you are interested in applying, please visit us after January 6, 2025, or email us at info@Omaha100.org.

Eligibility Requirements:

• Be at least 18 years old.

• Have a valid U.S. government-issued photo ID.

• Have a Social security Number or ITIN.

• Provide proof of Nebraska or Pottawattamie County, Iowa residency; or 1 utility bill or 2 pieces of mail (not including magazine subscriptions or shut-off notices) listing current address & sent within 60 days of application.

• Provide verifiable history of either steady residence or employment for a period of six months prior to the application date (60 days history required for micro-loans)

• Provide proof of income: Requests up to $500 require proof for 2 full calendar months, over $500 require at least 3 full consecutive calendar months prior to date of the application.

• Have at least one open and active bank account that reflects the same address as that on the application and covers at least the 30-day period prior to the application date. The account(s) must be in good standing, cannot be currently overdrawn, and should not show a history of habitual overdrafts.

• Applicant may not have defaulted on any previous loans with O100 (one-time hardship waiver may be available)

• Provide at least 1 Personal Reference who we can contact in case we cannot reach the borrower.

• Not be involved in pending bankruptcy (exception: medical, legal, child emergencies as determined by counselor).

A credit check will be run to identify any instances of fraud, outstanding loans, and to confirm the consumer’s identity. Additional criteria may apply. For example, excessive debt, a history of nonpayment, judgments/liens, large outstanding debts, or other factors may affect eligibility.

O100 & Lending Link maintain a client-centered approach to avoid Over-Indebtedness. We take reasonable steps to ensure that credit will be extended only if clients demonstrate an adequate ability to repay and the loans will not put them at a significant risk of over-indebtedness.

Our pricing, terms, and conditions of financial products (including APR, interest charges, finance charges, etc.) are transparent and adequately disclosed in a form understandable to clients.