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What if I have difficulties making the monthly payments?

You should consider cancelling your Credit Builder to avoid missing a payment. Any missed payment is reported to Experian, which could impact your credit score.

Assuming you’ve not missed any payments when you cancel Credit Builder, we’ll report your loan as a settled debt. This means your credit report will show that you’ve paid the full loan amount and fulfilled your obligations, so there is no negative impact on your credit score for cancelling Credit Builder.

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