When used responsibly, Credit Builder Prime helps you build credit by impacting some of the largest contributors to your credit score: payment history, credit utilization, age and type of credit, and balances.
Credit Builder Prime utilizes a revolving Line of Credit to help you save money. Every payment you make to pay off the balance on your Line of Credit is reported as a payment to the Credit Bureaus. On-time payments to your Credit Builder Prime strengthens your payment history and improves credit. The Line of Credit that comes with Credit Builder Prime has a limit of $1,000, which increases your overall credit limit and can help to lower your overall credit utilization when you keep your balance low. Credit Builder Prime has no fixed term length, so you can keep it active as long as you want. The longer you keep your Credit Builder Prime open, the longer your average account age will be and the more it helps your credit.