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 principal payments are made available to you when you activate the product but the principal payments 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  (see Am I eligible for Credit Builder? For more details).