The Easiest Way To Build Credit
Money

The Easiest Way To Build Credit

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(Image via Self)

Perhaps you’ve been eyeing a new car, new apartment, new phone, or anything else you rightfully deserve. As much we should speak our desires into existence, it’s just as important to put the work in. There’s one barrier you have to overcome before you land yourself that new gift: your credit. 

Whether you’re in a position with no credit history or you need to build your credit, there’s a solution that could prove worthwhile. Since payment history accounts for 35 percent of your credit, Self steps in to give you the opportunity to build it.

There are two tracks when it comes to using Self. First, you’ve got the option of the “credit builder account program,” which essentially means you’ll be getting a CD-Secured Installment Loan. Your only responsibility is to pay it down on-time from there

There’s no one size fits all solution. You choose from the four different payment plans that work for your monthly repayment of the loan. From there, you’ve got one or two years to pay back the loan*. On that long-awaited day when you’re done paying it off, you’ll get the money back (minus fees and interest).

Building credit doesn’t have to be stressful. While you build, you simultaneously can build savings. 

Conditions are $25-150 monthly loan payments at a $600 and up loan amount with a $9 administration fee, 12 to 24-month term and under 16% Annual Percentage Rate. Please refer to https://www.self.inc/pricing for current pricing*.

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Secured credit cards have been a tried and true way to build credit, which is why there’s an added layer of benefit in addition to the Credit Builder Account (CBA). If and when you’ve paid at least $100 of savings progress for at least three months, have on-time payments, not owe any fees and have a Credit Builder Account (CBA) in good standing, you can apply for a Self Visa® secured credit card*.

We know that some things are too good to be true, but Self has the numbers to prove that it’s just not all talk. As of May 2021, it’s boasting a 4.9 star rating in the Apple App Store and a 4.8 rating in the Google Play Store.

Now it’s all about where to start. Sign up, sit back, and relax while your progress is reported to all 3 credit bureaus, all thanks to Self.

This is a sponsored post by Self where we may receive affiliate commission.

*Sample products: A loan with a $25 monthly 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 monthly 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 monthly 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 monthly 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.

*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.

*Testimonial Disclaimer: Review provided by customer to Self Financial, Inc. d/b/a Self or Self Lender directly. The comment above is related to individual experiences or results. Individual results may vary.

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.  The Self Visa Credit Card is issued by Lead Bank, Member FDIC, Equal Housing Lender.


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