How do I obtain a Build Secured Credit Card?

October 12, 2022

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¹ Estimated improvement is based on consumers without existing debt. All credit score improvements are estimates and individual results may vary.

² The locked savings account does not earn interest. The funds in your locked savings account will not be accessible until your loan is paid in full or closed. You build savings by having funds available to you at the end of the loan in your locked savings account. Note that interest and a one-time, prepaid administration fee apply to the loan product. Customers who complete the full terms of the Credit Builder Loan can receive approximately 85% of the loan funds once the loan is repaid in full.

³ https://www.myfico.com/credit-education/whats-in-your-credit-score. This credit score refers to your FICO score, which is a commonly used scoring model. Both positive and negative payment history impact your credit score. The impact of payment history with other scoring models will vary. Making on time payments on the Credit Builder Loan may help to build a credit profile for consumers without existing debt. Failure to make on-time payments will result in negative history reported to credit reporting agencies and may negatively impact your credit score.

⁴ Account closings may negatively impact your credit score. The account openings and closings of your Credit Builder Loan will be reported to credit reporting agencies.

All customer accumulated principal payments are deposited into a locked savings account controlled by Build and are not FDIC insured. Access to loan products is subject to approval by PRGB, Inc., who determines qualifications for any terms of credit. Individual borrowers must be U.S. Citizens, permanent residents, or non-resident U.S. Aliens and at least 18 years old. Not available in all states. Valid bank account and Social Security Number are required. All loans and credit card accounts are subject to ID verification. 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.

PRGB, Inc. NMLS ID# 2410706 | Licenses | NMLS Consumer Access

Not available in all states. Certain terms and conditions apply. See the loan application and disclosures for full details.

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