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Does opening the Build Secured Credit Card require a hard pull on my credit or negatively impact my credit score?

October 13, 2022

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¹Loan proceeds are deposited into an FDIC insured, non-interest-bearing savings account at the Bank. The funds in the reserve account will not be accessible by the consumer until their loan is paid in full or returned due to closure of the account for any other reason (including interest and fees).

²A direct correlation to the Build product cannot be made. Estimated improvement is based on consumers without existing debt. All credit score improvements are estimates and individual results may vary. Build does report account openings and account closings. Account closings may negatively impact your credit score.

PRGB, Inc. (“Build“) is not a bank and does not originate any loan, credit card account, or extension of credit. Build is a third-party marketing vendor and servicer. Credit builder loans are marketed and serviced by PRGB, Inc. The Build Secured Credit Card is issued by WebBank, Member FDIC. Access to the Card is subject to approval. Individual borrowers must be U.S. Citizens, permanent residents, or non-resident U.S. Aliens and at least 18 years old. Valid bank account and Social Security Number are required. All loans and credit card accounts are subject to ID verification and review and approval of the application. Results are not guaranteed. Improvement in your credit score is dependent on your specific situation and financial behavior. This product will not remove negative credit history from your credit report.

All Loan products are issued by Evolve Bank and Trust, Member FDIC. The Build Secured Card is issued by WebBank, Member FDIC, pursuant to a license from MasterCard. Access to the Secured Card is subject to approval

Sample credit builder loan products are $25 monthly loan payment at a $520 loan amount with a $9 administration fee, 24 month term and 15.92% Annual Percentage Rate; $35 monthly loan payment at a $724 loan amount with a $9 administration fee, 24 month term and 15.97% Annual Percentage Rate; $48 monthly loan payment at a $539 loan amount with a $9 administration fee, 12 month term and 15.65% Annual Percentage Rate; $150 monthly loan payment at a $1663 loan amount with a $9 administraton fee, 12 month term and 15.91% Annual Percentage Rate.

All loans subject to approval. All loan proceeds are deposited into an account with Evolve Bank & Trust, Member FDIC. All questions related to a loan must be submitted to Synapse Credit, LLC via email at loans@synapsefi.com or by phone at 844-525-6247.