The financial system works against you. Traditionally, you need a loan or credit card to build good credit, but you can’t get them unless you already have good credit.
A Credit Builder Plan is your way up!
Sometimes the unexpected happens, finances get tighter, and you might need to use the money you set aside to repay this loan. We do allow you to cancel your Credit Builder Plan prior to the date the first payment is due, which is at least two weeks from the day you sign the loan agreement, if you haven’t yet made a payment of any amount. In order to cancel your plan, please call us or email our support team.
You can always re-apply for another SeedFi loan at any time. We're here to help, and we're just a phone call away.
We have a way! 🥳 If you are looking to cover an expense and need some money that you can use right away, the Borrow & Grow Plan may be just what you are looking for. It allows you to access money now while also putting some money away in your SeedFi Savings Account. You build credit with every on-time payment, and, when you pay off your loan, your SeedFi Savings Account is unlocked.
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! 🤓