Self Lender is the simple and responsible way to build your credit history while you save.
An alternative way to help you build credit and save money.
Hundreds of thousands have built their credit and saved millions using Self Lender.
Ideal for anyone who wants to build credit while they save.
So, how does it work? Think of it as a savings plan that builds credit. You choose a plan that meets your budget (starting at $25/month*) and the length of the term (12 or 24 months*). As you make payments over the term, you're repaying a small loan that is held in a certificate of deposit (“CD”) in your name. Each month, your payments are reported to all three credit bureaus. At the end of the term, you've paid off the loan and your CD unlocks with your money.
● HELPS BUILD CREDIT
With an active credit builder account, your payments are reported to all three credit bureaus. Payment history represents 35% of your credit score.
● NO CREDIT NEEDED TO GET STARTED
Unlike an inquiry when you apply for a credit card or traditional loan, Self Lender does not do a “hard pull” credit check when creating an account. In fact, no credit score is required at all!
● PICK A PLAN THAT WORKS FOR YOU
You can pick the plan that meets your budget needs. You simply commit to making your monthly payment over the course of the term.
● NO COST CREDIT MONITORING**
Check your credit score and get credit monitoring with real-time credit alerts.
● SECURE ACCOUNTS
All accounts are held with our bank partner and the CD is in your name. Our systems use measures like two-factor authentication, 256-bit encryption, and fraud detection to keep your info safe and secure.
● WHY DO PEOPLE TRUST SELF LENDER?
Used by hundreds of thousands of people to build credit history
As seen in…..
- USA Today
- ABC News
- NY Times
- Bloomberg News
- Credit Karma
- American Banker
● WHY PEOPLE LOVE SELF LENDER
"It's a great helper! My credit has went up 54 points in just a few months and still going! It's super easy!" - customer Azriell W. Individual results may vary.
“Love love love this program and this app! In eight months my credit went up a hundred and nine points. Super happy and can't wait to renew once the first year is up” - customer Debbie G. Individual results may vary.
“I recently moved to the states and had no established credit. Using this service along with two prepaid credit cards, my score went from 4 - 710 in 9 months. I took a 12 month term with only $50 payment per month but I'm already thinking about applying for a larger Self Lender loan as soon as this completes to further build my score and save at the same time” - customer Neil M. Individual results may vary.
“Easy way to take control of your credit” - customer Rafael M. Individual results may vary.
Sample products are $25 monthly loan payment at a $525 loan amount with a $9 administration fee, 24 month term and 14.92% Annual Percentage Rate; $48 monthly loan payment at a $545 loan amount with a $15 administration fee, 12 month term and 15.65% Annual Percentage Rate; $89 monthly loan payment at a $1000 loan amount with a $12 administration fee, 12 month term and 14.62% Annual Percentage Rate; $150 monthly loan payment at a $1700 loan amount with a $12 administration fee, 12 month term and 12.03% Annual Percentage Rate.
Credit scores and credit monitoring will only be available to customers who our third-party vendor is able to validate.
When you download and use Self Lender, you agree to the Self Lender Terms of Service at: https://www.selflender.com/terms-of-service
We've made some performance improvements to help you build credit.
Ratings and Reviews
Helped me twice
Self lender is an innovative way to help one save money, invest money, and build credit. The first time I had an account it help my credit score a lot after taking a hit from medical bills and buying a car lowered my score for a while. I also was able to get the money I invested easily due to an emergency and close the account. I’m now on a second account and will follow through as I am better financially and not in debt as much anymore. Self Lender has revived my credit score once again from the dead and now my credit score is higher than it EVER was!!! I love Self Lender not only because of my credit score raising but also it forces me to save money because you can’t just withdrawn from it like a bank card can. It’s an investment in you, your credit and a forced savings. I recommend it all the time to people but they don’t believe me that this exist! Oh well their loss! Paired this with acorns to force myself to save money and invest as I am 30 now. Will always continue using self lender!!
Developer Response ,
Wonderful to hear! Congrats on taking charge of your finances and thanks for letting us be part of your journey :).
Friendly Service and Easy to Use
This app does what it says. I was on the road to credit repair following a major car accident, which left me in a world of hurt financially. Needless to say I was on the road to making progress increasing my score about 6 points a month when I came across this app. I decided to give it a shot. By my second or third payment I started to see my score increase 9-10 points every month. So I can safely say this program helped me add an extra 3-4 points every month. When the opportunity to purchase another car presented itself 8 months into my term I called Customer Service and they were very friendly and happy to help me close my account and deposit my funds. The process was quick and easy and two days later I had my money in my account. Looking to start up a new account now that I’m a few months into my car payment and know I’m ok again. The car loan gave me a slight hit so this will help offset that.
Those that are seriously in need of rebuilding their credit to obtain a higher score for future financial security need to take advantage of this awesome opportunity. I say opportunity because you pay yourself each month and at the end get all your money back all while building credit in your favor! It’s a “No Brainer” so to speak! I wish I had only found this opportunity sooner. It helped improve my score once already and I’m using it to my favor again. Time flies, we all know that, so before you know it you’ll have your “reward” back when the timeframe you choose is over and the fee is well worth it. If someone told me I could pay $79 and increase my score over 100 points I’d be stupid to say no! So, just pay on-time each month and let Credit Builder do the rest! Thanks Credit Builder!
M. Tompkins Jr.
With Family Sharing set up, up to six family members can use this app.