Self is helping thousands of people begin their financial journey with a credit builder account. Our flagship product, the credit builder account, is a CD backed loan. The consumer makes small monthly payments over a 12-24 month period. At the end of the loan period, the customer unlocks their CD balance, walking away with cash. During the life of the loan Self is reporting to the 3 major credit bureaus. Customers are building credit while they build savings.
Who is Self good for?
*Users with a thin credit profile. These unscored users typically struggle to get a traditional credit card or other financial product due to their lack of history. Self provides a path for users that are new to credit to build a score.
*Users with bad credit. Self has helped over 50,000 users build their credit with a low risk, low cost product that reports to all 3 credit bureaus each month.
*Users that need to increase their credit mix. Credit mix accounts for 15% of a consumer's credit profile. If the consumer doesn't carry any installment loans on their report, Self is a path to improve credit mix.
*Consumers that need help budgeting for a house or auto loan. If your site visitors need help budgeting for a mortgage or auto loan payment, Self can help. With structured monthly payments, consumers can emulate a monthly payment while helping build their credit. At the close of the loan, the consumer will have cash in hand for a down payment.
If you are interested in marketing this program, please contact us.