Self
Credit-builder account Credit & Debt
Disclosure: some links on this site are affiliate links. If you sign up through them we may earn a commission at no extra cost to you. Sponsored placements are labeled. Prices change; always confirm on the official site. Read more.
Overview
Self's Credit Builder Account is a 24-month installment loan. The loan amount is held in an FDIC-insured CD and returned after you finish, minus interest and fees. Payments are reported to all three bureaus.
Best for
People building credit history who can afford monthly payments.
Pros
- No hard credit check required (per third-party reviews)
- Builds payment history
Cons
- Interest and fees reduce the amount returned
- Late payment fees
Key features
- 24-month credit-builder loan
- FDIC-insured CD
- Reports to Equifax, Experian and TransUnion