Credit-builder loans are an increasingly popular product, and the competition for market share is fierce, but there are significant discrepancies between even the top contenders. We studied two of the most popular credit-builder lenders on the market today; Credit Strong and Self (formerly Self Lender), and put them head to head. Here’s how they compare.
Your credit reports are directly tied to your Social Security number (SSN). When applying for new credit (i.e., a credit card), your credit profile is checked using your SSN. A CPN scam is a type of synthetic identity fraud where you use a SSN that has not been assigned to you by the Social Security
Becoming an authorized user on someone else’s credit card can be a completely legitimate way to build credit. If a family member or close friend offers you the option of being added as an authorized user to their credit card account, then feel free to take them up on it. But, if someone is offering
Our verdict: Experian BOOST™ is worth it if you have bad credit or a thin credit profile. It’s free and quick, and the average user sees a 13 credit score point boost. Try Experian If you are looking to improve your credit, you may have stumbled across Experian BOOST™ and their memorable purple cow ads.
The BoomPay app and BoomReport service are presented as a way to help you build credit using your rent payment history. For a small fee, you can get your past payment history and/or ongoing history reported. But does BoomPay actually work? Our verdict: BoomPay is a legitimate company with a great product. Many customers have
Credit Strong is a company that promises to help you build your credit history and improve your credit score, all with no minimum score requirements. But are this company and its claims legitimate? By using a Credit Strong account, which is equal parts personal loan and savings account, existing customers have been able to successfully
Have you been anxiously waiting for a negative collection account to fall off your report? Or for a successful dispute to delete incorrect information due to identity theft that is damaging your credit score? If you have, it can be a huge relief once that account or debt finally disappears off your credit reports. But,
Self Financial out of Austin, TX is well known for its credit builder loan product because it is easy to get and requires no minimum credit score. But with their limitations on loan value and repayment terms, their product may not be the best fit for every situation. So let’s take a look at some
If you’ve been looking for options to build your credit, you have probably heard of Kikoff. It doesn’t work like other credit builder loans. There are many products and services on the market designed to help a person with no credit or bad credit build a better credit record – we’ll dive into how Kikoff