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

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

We wish it was! Unfortunately, everyone’s credit profile is different and we cannot guarantee that you will see a credit score increase.

Credit bureaus calculate credit scores by using formulas that consider many factors. SeedFi cannot promise that taking out a Credit Builder Plan will increase your credit score because of the potential effects of all the factors, including whether you make all your loan payments on time, your performance on your other credit accounts, and how long your credit accounts have been open. However, payment history is an important component of your credit score and taking out a Credit Builder Plan gives you the opportunity to add more on-time payments to your credit profile! 🤓