Credit Builder Program

Realize your dreams and achieve your goals. If you dream of owning a home, buying a car, or simply getting approved for loans at better interest rates, our Credit Builder Program is for you.

Is Credit Builder for Me?

Do you have dreams? Ambitions? Properly managed credit can help you reach your goals. Tired of paying cash deposits? Credit makes life more convenient. If you need a safe and easy way to build your credit — Credit Builder is for you.
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Why It 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). Learn how credit works. Payment history is like the scorecard for your credit score (industry people also call it your ‘financial resume’). We all know how those work, right? Doing something well means a higher score. Doing not so well (missing payments, maxing out your credit card) puts you behind. Think of our Credit Builder Program as a “financial training camp”. Every payment you make in the program gets reported to the “referees” (credit bureau) as positive, and they increase your score accordingly by giving you points. While those improvements may start small, they build over time. In the end, you’re left with a sparkly-shiny good credit score and a world of new opportunities ahead of you. With good credit, the world is your oyster.
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How It Works

When you sign up for Credit Builder, we create a secure account that no one can touch or access. The program is arranged into affordable payments for you (on a payment schedule that fits your lifestyle). Each of these payments contain an interest component. With this interest, we are able to report your program as an ‘installment loan’ to the credit bureau. With every payment made, your credit climbs as your trust grows! Once you’ve finished the Credit Builder program, you will have built up a little nest egg for yourself. As only a small portion of your payments go to interest and fees; the rest is yours! So you can go backpacking, pay down student loans, or just put it aside for a rainy day. So what you get at the end is a much improved credit score, a habit of making payments on time, and a chunk of change to spend however you like (not enough to buy a private island, though).
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In February 2015, I tried to apply for a loan so I could pay off my school debts and my credit card. At least put a dent into my payments. Well, things went all wrong and I was denied for approval of a loan.

Refresh Financial contacted me, concerned as they are to help individuals like myself to have a better future. We went over my finances and decided that the Refresh Financial loan will bring up my credit score to apply for a loan.

I was greatly impressed when every month I saw my credit climbing to the numbers I wanted from the beginning. I was entirely happy for my credit score being higher. My job as well, I made it possible to pay bi-weekly on my payments. With that being said, I learnt to pay my outstanding bills instead of spending money.

I only not have better credit, I have better spending habits and I am happy with the results! ”

Jessica, Frog Lake, AB