CreditStrong is a financial service provided by Austin Capital Bank that offers credit-building products designed to help individuals establish or improve their credit scores. CreditStrong combines installment loans with savings plans to create a structured approach to building credit.

How It Works:

1. Credit Builder Loan:

- Application: Users apply for a CreditStrong account and choose from various plans based on their financial goals and ability to make monthly payments.

- Secured Loan: Similar to a secured loan, CreditStrong funds are placed into a locked savings account rather than being disbursed to the user. Users then make monthly payments towards this loan.

- Reporting: Each monthly payment is reported to the three major credit bureaus (Equifax, Experian, and TransUnion). This helps to build a positive payment history.

- Completion: Once all payments are completed, the user gains access to the savings, minus any fees.

Use the link below to sign up and activate your first Auto Approval Positive Account!

Self.inc is a financial technology company that helps individuals build and improve their credit with tools like the Self Credit Builder Account. This account is a secured loan held in a Certificate of Deposit (CD), where users make monthly payments that are reported to all three major credit bureaus (Equifax, Experian, and TransUnion), aiding in building or rebuilding credit history.

How It Works:

1. Application: Apply and choose loan terms.

2. Secured Loan: Funds are held in a CD. Users make monthly payments including interest and fees.

3. Reporting: Payments are reported to credit bureaus.

4. Completion: Loan amount, minus fees, is returned from the CD.

Benefits:

1. Establish Credit: Helps those with no credit history start building credit.

2. Improve Credit Scores: Consistent on-time payments can enhance credit scores.

3. Savings Component: Funds are saved in a CD and returned at the end of the term.

4. Accessibility: No high credit score required for approval.

5. Structured Payments: Fixed monthly payments promote financial discipline.

6. No Credit Check: Application doesn't require a hard credit inquiry.

Click the button below to activate your Auto Approval Positive Account: