Credit Builder is a bit like a business loan, only you receive your principal payments at the end of the term (see Is Credit Builder a loan? for more details);
- Make 12 monthly payments made up of principal and interest to us, which we will report to Experian as loan payments
- We collect the payments every month and lock the principal in a dedicated sub-account. At the end of the 12 months, we will give you immediate access to the principal you paid and we keep the interest.