Credit Builder

Is Credit Builder a loan?

Yes, Credit Builder is structured as a 12-month loan. This allows us to report your monthly payments to Experian as a repayment of a loan, which helps build your credit score. However, unlike a traditional loan, the funds you borrow are not released to you when you activate the product but are made available at the end of the 12-month period (or if you cancel earlier).

As a result of this structure, eligibility is not subject to your creditworthiness and almost every registered business incorporated less than 2 years ago is eligible for it.

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