Apply for our credit builder loan.
Start building credit and savings¹. No credit check required.
Choose a plan that fits your budget & savings goals. Each contribution increases your ownership of the bank account.
Monthly payments are reported to
the three major credit bureaus to
help build your credit history.
After your final payment, the
accumulated savings are yours
(less interest).
You can get started today, without a credit check. There is no hard pull on your credit.
Your Build account lets you see and track your credit score, so you know where you stand.
Each month, we can help simplify building your credit when you select automated payments. Stay on track to keep building your credit.
We’re here to help you build credit. Plus, you’ll get your savings progress back, less accrued interest. If for some reason you need to cancel though, you can cancel your account at any time.
for 24 months
You Build:Admin fee
$9Total Payment
$600Get Back
$520Final Costs
$89APR
15.92%for 24 months
You Build:Admin fee
$9Total Payment
$840Get Back
$724Final Costs
$125APR
15.97%for 12 months
You Build:Admin fee
$9Total Payment
$576Get Back
$539Final Costs
$46APR
15.65%for 12 months
You Build:Admin fee
$9Total Payment
$1800Get Back
$1663Final Costs
$146APR
15.91%Positive payment history is the LARGEST driver of credit score. We can help.
A credit builder loan is a secured installment loan that is designed to help you demonstrate your creditworthiness while accumulating savings for a rainy day. When you make regular payments on your credit builder loan, the lender reports your positive credit history to the credit bureaus, which is a key ingredient for boosting your credit score. One thing to know about credit builder loans is that, unlike other loans, they provide access to the money upon fully paying the loan. In other words, at the end of the loan period you will receive your money and the benefit of having all credit bureaus notified of your positive credit history.
You pick a Build Credit Builder loan that works for you, apply, and get approved. Then your account is established and you will have a Build Credit Builder loan. As you make monthly payments on that loan, that activity is reported to the credit bureaus at the beginning of each month, which adds to your positive credit history. Keeping up with payments on your Build Credit Builder loan is important because it shows your ability to make timely payments on a credit account. The most commonly used credit scores, such as FICO and VantageScore consider this timely repayment history as the biggest determinant of your credit score. When you finish making your payments, you receive your money and your credit score will reflect your positive credit history.
This varies based on your individual circumstances. The lender will report your positive payment history to the credit bureaus each month, however the time it takes to affect your credit score varies based on other factors like your history with credit, other outstanding debt, and your payment history. We have seen through the Consumer Finance Protection Bureau’s 1 study of credit builder loans that credit scores of those without existing debt can increase by an average of 60 points 1 over the course of 6 to 24 months.
Yes. We charge a one-time, non-refundable account opening fee of $9.