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Credit Building
Build Your Credit Using Self Financial
Bad credit, or no credit, can stand in the way of achieving your goals. A credit-builder loan can help you establish credit history and build savings in a safe, responsible way as accounts are FDIC insured.
Self Financial’s credit builder account is a small installment loan secured by a certificate of deposit (CD). There is no large upfront deposit like a secured credit card. Instead, you make monthly payments on your terms, which is reported to the credit bureaus to build payment history. At the end, your money that you've put away unlocks minus interest and fees.
Self Financial credit-building loans have one and two year terms with loan payments as low as $25 a month. All you need to sign up is a bank account number, email address, phone number and Social Security Number. Many customers join Self Financial in under five minutes.
Don’t wait, start or improve your credit history today!
*Individual results may vary. Average credit score change using VantageScore 3.0 based on a sample of 40,403 Self customers who started their accounts in 2017 or 2018 and completed the full term of their Credit Builder Accounts in 2019. Sample excludes customers who started with no credit history. Results show that customers with a starting credit score of 600 or below were more likely to see positive score change results.
Sample products: A loan with a $25 month payment, 24 month term with a $9 admin fee at a 15.92% Annual Percentage Rate with a finance charge of $89; A loan with a $35 month payment, 24 month term with a $9 admin fee at a 15.97% Annual Percentage Rate with a finance charge of $125; A loan with a $48 month payment, 12 month term with a $9 admin fee at a 15.65% Annual Percentage Rate with a finance charge of $46; A loan with a $150 month payment, 12 month term with a $9 admin fee at a 15.91% Annual Percentage Rate with a finance charge of $146. Please refer to www.self.inc/pricing for the most recent pricing options.
All Credit Builder Accounts made by Lead Bank, Member FDIC, Equal Housing Lender, Sunrise Banks, N.A. Member FDIC, Equal Housing Lender or Atlantic Capital Bank, N.A. Member FDIC, Equal Housing Lender. Subject to ID Verification. Individual borrowers must be a U.S. Citizen or permanent resident and at least 18 years old. Valid bank account and Social Security Number are required. All loans are subject to ID verification and consumer report review and approval. Results are not guaranteed. Improvement in your credit score is dependent on your specific situation and financial behavior. Failure to make monthly minimum payments by the payment due date each month may result in delinquent payment reporting to credit bureaus which may negatively impact your credit score. This product will not remove negative credit history from your credit report. All loans subject to approval. All Certificates of Deposit (CD) are deposited in Lead Bank, Member FDIC, Sunrise Banks, N.A., Member FDIC or Atlantic Capital Bank, N.A., Member FDIC. Lead Bank. Member FDIC, Equal Housing Lender Sunrise Banks, N.A. Member FDIC, Equal Housing Lender Atlantic Capital Bank, N.A. Member FDIC, Equal Housing Lender The Self Visa® Credit Card is issued by Lead Bank, Member FDIC, Equal Housing Lender or Atlantic Capital Bank, N.A., Member FDIC, Equal Housing Lender.