Credit Builder Program | Build Credit | Refresh Financial

Is the Credit Builder Program for me?

If you dream of owning a home, buying a car, or simply getting approved for loans at better interest rates, a good credit score is the key. If you need a safe and easy way for building credit — our Credit Builder Program is for you.

Why the Credit Builder Program works

Banks and other lenders use your credit score to determine how risky it is to lend you money. A bad credit score can mean they won’t lend to you (or if they do, they will charge very high interest rates). But how does credit work? What helps? What hurts? Who’s in charge here!?!

Think of our Credit Builder Program as a “financial training camp”:

Each payment increases your credit score by giving you points.

Those improvements to your credit score start small but build over time.

In the end, you’re left with a sparkly-shiny new credit score and a world of new opportunities ahead of you.

How the Credit Builder Program works

When you sign up for the Credit Builder Program:

We create a secure account that no one else can touch or access. We arrange affordable payments on a payment schedule that fits your lifestyle.

With every payment made, your credit climbs.

Each of these payments contain a small interest component. With this interest, we are able to report your program as an ‘installment loan’ to the credit bureau.

Once you’ve finished the Credit Builder Program:

A much improved credit score, a new habit of making payments on time, and a pile of cash to spend however you like! So you can go backpacking, pay down student loans, or just put it aside for a rainy day.