What are CREDIT BUILDER accounts?
We provide you with two Credit Builder accounts so that you can start rebuilding today!
SelfLender Credit Builder
- Choose the 24-month option
- Installment credit
Credit Builder Card
- You will need a $200 deposit
- Revolving credit
What You Should Know When Using These Credit Builder Accounts
- You have the strongest credit score when you have a mix of both open revolving & installment credit with timely monthly reported payments for a minimum of 12-24 months.
- Don’t forget to schedule a “Credit Jumpstart” strategy session first to see if a credit builder account is right for you.
- It can take about 15 – 60 days for a new accounts to be added to your credit reports
- You may need a minimum of 6 – 12 months of reported timely payments on your new credit builder accounts to have the MOST impact your score.
- Both of our Credit Builder accounts are “soft inquires” that will NOT impact your credit score.
- You will have an automatic approval through our links with a valid checking/savings account.
- A delay in opening your credit builder accounts can impact the timeline for getting to your objective.
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Want to know more about how we can help you? Reach us through our hotline or send us a message today!