Self Lender 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 Lender is reporting to the 3 major credit bureaus. Customers are building credit while they build savings.
Who is Self Lender 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 Lender provides a path for users that are new to credit to build a score.
*Users with bad credit. Self Lender 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 Lender 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 Lender 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. Bonu
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