What is Build Credit & Savings - Self? Description of Build Credit & Savings - Self 4018 chars
Want to build credit & savings together? Want credit for paying rent, cell phone, or utilities? Self has the tools for you to build credit.
With the Self credit app, you’ll have everything you might need to build credit. Get started with a low credit score – or even no credit score. At Self, all credit scores are welcome.
Start with the Self Credit Builder Account.
- Build payment history — the #1 factor for building credit6
- Get back your savings¹
- No credit needed
- Reports to 3 credit bureaus
- Plans start at $25/month³
- Pay off over 12 or 24 months
- Includes credit score monitoring (VantageScore 3.0)²
- No hard pull
- 256-bit encryption to protect your data
- Your principal is safe in a bank account⁴
Continue with the secured Self Visa® Credit Card⁵ designed for building credit.
- Reports to 3 credit bureaus
- Your Credit Builder Account savings progress secures your Self credit card & sets your limit
- Includes credit usage monitoring & alerts
- Use everywhere Visa is accepted in the US
Build credit using your rent, cell phone and utility payments
- Choose to add rent, cell phone, water, electric, and/or gas payments to your credit profile
- Securely link your bank account to Self
- Build credit by making on-time monthly payments like you usually do
- Cancel anytime
TAKE YOUR CREDIT SCORE TO A NEW LEVEL
Self customers who make on-time payments lift their credit scores by 30 points, on average⁷.
Self customers who start with a credit score under 600 and make on-time payments lift their credit scores by 49 points, on average.
JOIN THE BUILDER COMMUNITY
More than 3 million people have signed up to build credit with Self.
ACCESS THE SELF VISA CREDIT CARD
Card eligibility requirements include having an open Credit Builder Account in good standing, making 3 payments on time, having $100 or more in savings progress, and not previously having a Self Visa® Credit Card. Requirements are subject to change.
¹ Minus fees & interest. Individual results may vary and are not guaranteed. Improvement in your credit score is dependent on your specific situation & financial behavior. Failure to make monthly minimum payments by the due date each month may result in delinquent reporting to credit bureaus which may negatively impact your credit score. This product will not remove negative credit history from your credit report.
² Credit scores will only be available to customers our 3rd party vendor is able to validate.
³ Sample products are $25 monthly loan payment at a $520 loan amount with a $9 administration fee, 24 month term and 15.92% Annual Percentage Rate; Check the pricing page in the Self mobile app or www.self.inc for current pricing.
⁴ All Credit Builder Accounts are issued by Lead Bank, Member FDIC, Equal Housing Lender, Sunrise Banks, N.A. Member FDIC, Equal Housing Lender or SouthState Bank, N.A. Member FDIC, Equal Housing Lender. Subject to ID Verification. Individual borrowers must be a U.S. Citizen or permanent resident and at least 18 years old. Valid bank account and Social Security Number are required. All loans are subject to ID verification and approval.
⁵ The Self Visa® Credit Card is issued by Lead Bank, Member FDIC, Equal Housing Lender or SouthState Bank, N.A., Member FDIC, Equal Housing Lender.
⁶ See https://www.myfico.com/credit-education/whats-in-your-credit-score. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.
⁷ Average outcome for customers who opened a 12 month Credit Builder account in Q1 2021, made on-time payments, based on VantageScore 3.0.
8 Average outcome for customers who opened a 12 month Credit Builder account in Q1 2021, starting VantageScore 3.0 under 600, who made on-time payments. Other factors, including activity with other creditors, may impact results. On-time payments does not mean full program completion and past performance based on study does not guarantee future results. Credit score increase not guaranteed.
Build Credit & Savings - Self App User Reviews
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Build Credit & Savings - Self Pros
✓ Raise Your Credit ScoresThis is a good app. While having my automatic monthly payment sent to Self for the Credit Builder, after my first 4 months, my credit score has risen by 3 points on Self, but I noticed that while having a Credit Builder account with this Self app, my credit scores have risen by 30 points with Credit Karma. And If I log in more often to Self, it has an even greater chance of raising my credit score with Self and other credit score sites. At the end of your Credit Builder contract which is two years, you can either renew it building even higher credit scores, or stop it and withdraw the total amount you used to build your credit with to use the money however you like. If you withdraw too soon before your two years is over with, then you will have to pay a very low penalty fee. You can start your Credit Builder account with Self for the minimum of $25 per month..Version: 3.8.1
✓ It’s worth it if you’re patientI started self with a credit builder loan of $150/month. In the beginning, self lender did not really help my credit, it would go up here and there by just a few points. However, after a certain amount of time of being with self and making my payments on time they offered me a cc, I put $525 of my amount that I had saved so far towards it which would be my limit. Using the cc gave me credit that I didn’t have which made my score go up. I continued to use my cc which came in handy for a lot of things and pay it back on time every month or pay the full balance if I had it. I finally paid my self loan off ahead of time and they once again, offered me the option to up my cc which I did and now have a limit of $1,675. I started in may of 2019 with a score of 482 my new score as of March 2020 is 622. Now, I do also have a car payment that gets reported too so that may have also helped. Also, the loan portion is fully paid off and closed but I can still keep the cc if I want to or I can close it too. BEST OF LUCK!.Version: 2.2.0✓ Build Credit & Savings - Self Positive Reviews
Build Credit & Savings - Self Cons
✗ Bad experienceI started my Self account to help built my credit, with only 25$ a month I was building credit. I set my account to Auto pay and let it work, since it was on auto pay I never had to remember to make my payments. A couple years later I received an alert from one of my credit monitoring apps telling me my score dropped 134 points. I couldn’t believe it when I saw that Self had thrown me into collections. At this time my Self account was already 90% paid off. I then realized I had my wallet stolen 2 months prior and never gave Self my new debit card number for my Autopay. I have many bills that come out in a month and since I hadn’t thought about Self in 2 years it slipped through the cracks. I looked through my emails to see how I missed it and I had been sent alerts but unfortunately they were all going to junk mail. I searched through the Self website and Google to find a number I could call and they don’t have one. I wish I would have received a call or even a text alerting me I was going into collections. I would have paid 25$ easy or even paid the rest in full!! I have found other ways to build Credit and It’s higher than ever but every time I apply for credit somewhere, this shows in collections as a negative unsecured collateral debt. I don’t think I should be in collections since I don’t owe them anything. I paid them 25$ for 2 years if anyone lost anything it was me..Version: 3.9.1
✗ Tbh it’s a scamLong story short I didn’t have my credit builder account for long. I ended up coming across hard times and couldn’t make any payments. So my account got closed. I was told when my account was closed there any fees would be calculated and then I would be sent back whatever I owed. Over a month went by and nobody said anything. So I contacted them myself and then they told me my account was to be held until maturity date. So I called back again because that was incorrect and my account should’ve been closed. I had been calling them for over a month and when I finally got in contact with them they told me not only was I not getting any money back but that I owed them money. So pretty much I just wasted money doing business with these people and wasted time because I kept getting lied to and they kept putting things off. And then had the nerve to ask me if I would like to re-open another loan with them? Absolutely not!I’m beyond livid at the lack of communication that they provide. If I had been told at the time of closing my account that I wasn’t gonna get anything back then I would’ve been OK with that. But over a month went by with them telling me that they would send me whatever I was old and they never sent it to me. I had to be the one to call to find out that I wasn’t getting any money back. Not to mention my credit score didn’t go up much to begin with so it wasn’t really worth it.Version: 3.5.0✗ Build Credit & Savings - Self Negative Reviews
Is Build Credit & Savings - Self legit?
✅ Yes. Build Credit & Savings - Self is 100% legit to us. This conclusion was arrived at by running over 220,612 Build Credit & Savings - Self user reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. Based on this, AppSupports Legitimacy Score for Build Credit & Savings - Self is 96.3/100.
Is Build Credit & Savings - Self safe?
✅ Yes. Build Credit & Savings - Self is quiet safe to use. This is based on our NLP analysis of over 220,612 user reviews sourced from the IOS appstore and the appstore cumulative rating of 4.8/5. AppSupports Safety Score for Build Credit & Savings - Self is 96.8/100.
Should I download Build Credit & Savings - Self?
✅ There have been no security reports that makes Build Credit & Savings - Self a dangerous app to use on your smartphone right now.
Build Credit & Savings - Self Screenshots
Product details of Build Credit & Savings - Self
- App Name:
- Build Credit & Savings - Self
- Self Lender, Inc.
- Legitimacy Score:
- Safety Score:
- Content Rating:
- 4+ Contains no objectionable material!
- App Size:
- 54.67 MB
- Bundle Id:
- Relase Date:
- 30 March 2018, Friday
- Last Update:
- 07 November 2022, Monday - 12:34
- IOS 12.0 or later
Thank you for using Self! This app update includes: - Minor app improvements & bug fixes.