Credit Builder Loans

Category

18 year old with credit card looking at laptop
Turning 18 is one of life’s major milestones. To help kickstart adult life, improving your credit score is an important step towards financial independence and stability. But how and where should you get started? We wrote the definitive guide on it - literally!
Grow Credit app
If you’re one of the 108 million Americans struggling with a low credit score (or no credit score), you’ll end up paying more fees and higher interest rates on loans - if you’re approved at all! Grow Credit’s Mastercard provides a tiny credit line that you can use to pay for your favorite subscription services,...
credit score chart with arrow pointing to poor band
Life with low (or no) credit puts obstacles in your way. Poor credit means you probably can’t qualify for most credit cards or loans. You'll also be forced to pay painfully high rates and fees on the few products you are approved for. While there's no magic bullet for establishing or improving your credit, a...
Self lender credit score graph on phone screen
Credit builder loans were initially offered by a handful of credit unions across the United States, so they weren’t available online nor offered in every state.  But now, a company named Self offers credit builder plans nationwide, with an online application process. Is a Self Credit Builder Account a good choice for you? Let’s take a look.
hand holding phone with Chime app open showing no fees
With over 14 million customers, Chime is the largest digital banking platform in America and continues to grow rapidly thanks to innovative, low-cost financial products. The Chime Credit Builder Card is its latest winner - a credit card that can boost your credit score with no credit check, no interest, and no annual fee. There's...
self app on phone screen held by a hand
Bad credit is an expensive hole that can sometimes seem impossible to climb out of.  It can seem cruel and ironic that people who most need to borrow money are the least able to do so. Plus, the sky-high interest and fees on the few credit cards or loans that you can qualify for often...
Credit builder loans have exploded in popularity as an effective tool that can help boost your credit score by 40 – 50 points or more. With most loans, you make monthly payments for a year or more before you receive any cash, which can put a strain on your budget. Grow Credit has an innovative...
apps like Chime Credit Builder Card
Chime Credit Builder Card is practically debt-proof since you can only spend money you’ve transferred from a linked Chime checking account. But with no access to cash upfront or down the line, you might want a backup option that helps boost your credit AND provide emergency funds. Many credit builder loans like Chime can provide...
MoneyLion app on phone screen held by woman in backyard
So you have a bad credit score, no big deal, right? Think again! Bad credit makes you a “risky” borrower which can lead to higher interest rates (if you’re approved for financing at all) and limited options. Moneylion’s Credit Builder Plus loans can help you boost your credit score with helpful cash available upfront. But...
Kikoff credit builder app
It’s tough to build your credit when you can’t access credit in the first place. Any financing you get approved for with poor credit comes with sky-high interest rates and fees. Credit building apps like Kikoff help you get around this problem for just $5 a month and the freedom of a one-year commitment. However,...
If you’re one of the millions of Americans with subprime credit, you’ll find it hard to get home and car loans and credit card accounts. Even if you are approved, you might be forced to pay higher interest rates and fees. SeedFi’s Borrow & Grow plan may help boost your credit score, but you’ll need...
Credit Strong Loans App
Your credit score often determines whether you can buy a new car, get approved for a loan, secure a mortgage or even land a new job (yep, your credit score is THAT big of a deal). Credit builder loans like Credit Strong may help improve your credit score and sock away some savings, but Credit...
MoneyLion app on phone screen held by woman in backyard
Credit builder loans can be an effective tool to help boost your credit. However, with a traditional credit builder loan, you won’t receive any funds until you’ve paid off your loan. MoneyLion Credit Builder Plus is a great alternative, that gives you some money upfront plus access to 0% APR cash advances when you need...
Credit builder loans are a proven tool to help establish or boost your credit score that have exploded in popularity. They require regular, on-time monthly payments to impact your credit score, and late or missed payments can drag your score down even further. If you’re looking for help boosting your credit without busting your budget,...
Credit Strong website on computer screen
A poor credit score can keep you from buying a car, renting an apartment, and get in the way of quite a few life and financial goals. It makes many things much more stressful and expensive. While there is no magic bullet to improve or establish your credit history, a credit builder loan from Credit...
choosing an amount for a Seedfi credit builder loan on a phone screen
What is SeedFi? Financial health fintech tackles challenges faced by those with less than stellar credit. Silicon Valley-startup SeedFi offers a better alternative to costly short-term loans. Its innovative and affordable credit builder plans can also help you access the money you need now, boost your credit score, and build savings.  Read our SeedFi review...