Credit Builder
Plan

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!

You don’t need good credit — or any credit — to get a Credit Builder Plan.

How it works


Build credit in 3 easy steps
1
1
Set aside as little as $10 every paycheck for your plan.
2
2
Build credit with every on-time plan payment.1
3
3
Access your savings once you’ve completed your plan.
Under the hood
All plans are special loans where the full amount gets locked in your SeedFi Savings Account when you’re approved.3
Your plan payments are actually loan payments that will be reported to the credit bureaus.
We unlock your savings and give you access to your money when your loan is paid off in full.

What You Get
+
$500
in your SeedFi Savings Account ready to access once you make your final payment
and an opportunity to build credit
+45 points
average credit score increase with on-time payments
☝️ FACT️:
SeedFi customers with less than 3 credit accounts saw an average score increase of 45 points after 6 months of on-time payments! 2

What It Costs
+
$10-$40
payment per paycheck
$1 or FREE with referral
cost per month4
(included in payment above)
No other fees

Example Plan
+
$500
Savings for later
$0
You access now
Loan amount$500
Locked in savings
Payment
$20
Every 2 weeks
Total Cost
$12
$1 per month
Plan Length
12
Months
See footnote for full terms5


“SeedFi helped me during a rough time... I saw an opportunity to grow and have possible benefits for the future.”
Jamar
Dallas, TX
Customer was compensated for sharing their experience.
“Once I unlock my savings, I'm going to keep it saved! The knowledge that I have a safety net if I need it provides so much peace of mind!”
Linlee
Lubbock, TX
Customer was compensated for sharing their experience.
“I am going to use my SeedFi savings to add to my down payment for a house!”
Sara
Dallas, TX
Customer was compensated for sharing their experience.

Popular Questions


Why is the Credit Builder Plan a loan if I can’t access any money up front?
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It's a loan because we give you money and you have to pay it back, even though you can't access it right away.

We give it to you by putting it into your SeedFi Savings Account. You can't access it until you pay back the entire amount. The beauty of this structure is that we're able to report the payments to the credit bureaus to help you build credit.


How can I get money now in addition to savings?
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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.


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! 🤓


How does the $1/month charge work?
+

If your loan payments are due monthly, the plan fee is $1 per payment, for as long as your loan is open.

If your loan payments are due twice a month, the plan fee is $0.50 per payment, for as long as your loan is open.

If your loan payments are due every other week, the plan fee is $0.46 per payment, for as long as your loan is open.

In all cases, the plan fee is paid first. In other words, payments are first applied to the plan fee, as specified in your loan agreement.



Rewrite your money story.