FAQs

Borrow & Grow Plan

Why should I get a Borrow & Grow Plan?

How do I get a loan offer/who can get a SeedFi loan?

How does the Borrow & Grow Plan application process work?

How does the Borrow & Grow Plan work?

What's the catch? Why are your rates so low?

Why can’t I access all of my money right away?

How much money can I access today?

What if I don't pay back my Borrow & Grow Plan in full?

Why do you ask me to connect my bank account?

How do I connect my bank account?

How do I get access to the upfront portion of my Borrow & Grow Plan?

Does SeedFi unlock my SeedFi Savings Account once I pay back the portion of the Borrow & Grow Plan that was deposited into my checking account?

What is the difference between the Borrow & Grow Plan and the Borrow & Grow Loan?

Is my credit score guaranteed to go up with a Borrow & Grow Plan?

General Questions

Is my information safe?

When are my payments due?

How do I resume my loan application?

How does my SeedFi loan help me build credit and my financial future?

Can I pay my SeedFi loan off early?

Are there any hidden fees?

How do I make payments?

Why should I trust SeedFi?

What are the technical requirements to use SeedFi?

Savings Account

When can I unlock the SeedFi Savings Account?

Do I earn interest on my SeedFi Savings Account?

What Is the Annual Percentage Yield (APY)?

Are there limits on the number of withdrawals or transfers from my unlocked SeedFi Savings Account?

Do I own my SeedFi Savings Account?

Can I make deposits into my SeedFi Savings Account?

Can I make withdrawals from my SeedFi Savings Account?

Who provides and who controls my SeedFi Savings Account?

Are there any fees associated with my SeedFi Savings Account?

Is my SeedFi Savings Account FDIC insured?

How do I close my SeedFi Savings Account?

How do I find my SeedFi Savings Account routing and account numbers?

Credit Builder Plan

Why is the Credit Builder Plan a loan if I can’t access any money up front?

How can I get money now in addition to savings?

Is my credit score guaranteed to go up with a Credit Builder Plan?

What happens if I can't make my Credit Builder Plan payments?

What is the difference between the Credit Builder Plan and the Credit Saver Loan?

Can I cancel my Credit Builder Plan at any time?

How does the $1/month charge work?

Credit Reporting

What do I do if I believe that SeedFi has reported inaccurate information about me to a credit bureau?

How does SeedFi use your consumer reports about you?