- Credit Builder Account with no credit history needed
- Credit score monitoring (VantageScore 3.0)
- Reports to 3 credit bureaus
- Plans starting at $25/month
- Pay off over 12 or 24 months
- No hard pull
- 256-bit encryption to protect user data
- Principal is safe in a bank account
- On-time payments are good for credit report
- Secured Self Visa Credit Card
- Credit card eligibility requirements include having an open Credit Builder Account in good standing, making 3 payments on time, having $100 or more in savings progress, and not previously having a Self Visa Credit Card
- Lift credit scores by 30 points on average for customers who make on-time payments
- Lift credit scores by 49 points on average for customers who start with a credit score under 600 and make on-time payments
- Over 3 million Credit Builder Accounts originated
- Improvement in credit score is dependent on specific situation and financial behavior
- Failure to make monthly minimum payments by the due date each month may result in delinquent reporting to credit bureaus which may negatively impact credit score
- This product will not remove negative credit history from credit report.