Boost Your
Credit Score.
Easy. Smart. Automatic.
Credit Boosting Made Easy
Easy as 1 – 2 – 3
The Boost Your Score Program is simple. Take out a Boost Your Score Installment Loan, make timely payments on the Loan and we report positive credit history, you will then receive a Boost Your Score Secured Credit Card after 3 timely payments on the Loan, make timely payments on your Boost Your Score Secured Credit Card, and we report positive credit history on the Secured Credit Card…. DOUBLE BOOST!
This is credit boosting made easy.
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Apply for the Boost Your Score Installment Loan and the Boost Your Score Secured Credit Card using a single application. If approved, make timely monthly payments on the Loan, we report them as positive credit history.
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After three timely payments on the Loan, your Boost Your Score Secured Credit Card will be issued. The principal amount of each Installment Loan payment secures the credit card.
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After 12 timely payments, your Installment Loan is paid off. You can keep your Boost Your Score Secured Credit Card or cancel your card and get back the money you paid in on the Boost Your Score Installment Loan, minus interest, fees, and any outstanding balance owed on the Boost Your Score Secured Credit Card.
Payment history typically accounts for 35-40% of your overall credit score.
To get credit, you need credit. Let’s give that score a boost.
What is the Boost Your Score Credit Builder Installment Loan?
Looking to enhance your credit score? Our Boost Your Score Installment Loan is specifically crafted to help you build a positive credit history, crucial for improving your credit score. Here's how it works:
1. Understanding the Loan Structure: Use a single application to apply for a Boost Your Score Installment Loan and a Boost Your Score Secured Credit Card. The Boost Your Score Installment Loan is not a traditional loan. You won't receive any funds upfront. Instead, the Loan funds are held in a Deposit Account securing your loan. The Loan funds only become available to you as you pay back your Loan (minus interest, fees, and any outstanding balance owed).
2. How Payments Work: You make regular payments towards your Boost Your Score Installment Loan.
3. Benefits for Your Credit Score: Each on-time payment on the Boost Your Score Installment Loan is reported, which may positively impact your credit score. Since payment history is a significant factor in your creditworthiness, this method may help in boosting your score.
4. Secured Credit Card Component: After making three timely Boost Your Score Installment Loan payments, your Boost Your Score Secured Credit Card will be issued. The principal amount of each Boost Your Score Installment Loan payment secures the Boost Your Score Secured Credit Card. This offers another avenue to demonstrate financial responsibility and creditworthiness through timely payments being reported (just like the Boost Your Score Installment Loan).
5. Installment Loan Paid Off: After 12 timely payments on your Boost Your Score Installment Loan, your Boost Your Score Installment Loan will be paid off. You can keep your Boost Your Score Secured Credit Card or cancel your card and get back the money you paid in on the Boost Your Score Installment Loan, minus interest, fees, and any outstanding balance owed on the Boost Your Score Secured Credit Card.
It’s important to note that this product is designed for those with limited or less than ideal credit history. By participating, you commit to regular timely payments, which in turn, may enhance your credit score without the availability of borrowed funds. This approach ensures a disciplined and effective way to potentially improve your credit.
Why Us Credit Boosting is What We Do
Like it or not, your credit score is important. Not only does your credit score determine your ability to get loans and the rates you pay, but your credit score will ultimately determine your financial options when you need them the most.
A better credit score could be your key to financial freedom.
With Boost Your Score, use a single application to apply for both a Boost Your Score Installment Loan and a Boost Your Credit Secured Credit Card. We will let you know if you are approved for both credit products at the same time.
Take out a Boost Your Score Installment Loan. You will not get the Loan funds when you take out the Loan, but instead, the Loan funds will be deposited into a Deposit Account securing the Loan. The Loan funds only become available to you as you pay back your Loan (minus interest, fees, and any outstanding balance owed). This Loan will start to impact your credit score with positive credit history being reported every time you make a timely payment.
If you set payments to automatic, you’re on boosting autopilot.
You’ll receive a Boost Your Score Secured Credit Card after the 3rd timely payment on the Boost Your Score Installment Loan for an additional way to boost your credit score by making timely payments on that account. The principal amount of each Boost Your Score Installment Loan payment secures the Boost Your Score Secured Credit Card.
After 12 timely monthly payments on your Boost Your Score Installment Loan, your Boost Your Score Installment Loan will be paid off. You can keep your Boost Your Score Secured Credit Card or cancel the card and get back the money you paid in on the Boost Your Score Installment Loan, minus interest, fees, and any outstanding balance owed on the Boost Your Score Secured Credit Card.
Learn more about credit builder loans
Boost Your Score Installment Loans are credit builder loans. Credit builder loans are designed to help establish positive credit history by providing consistent, on time payments which may positively impact your credit score.
Credit builder loans are small and you do not receive the funds upfront when you take out the loan. The loan funds are deposited into a Deposit Account, and you gain access to the loan funds as you repay the loan (minus fees, interest, and any outstanding balance). By making regular payments towards the loan, you establish a positive payment history. Since payment history typically accounts for 35-40% of your overall creditworthiness, this is a powerful tool that can boost your score.
With Boost Your Score, we’ll also provide an additional way to improve your credit via your new secured credit card. The Boost Your Score program provides our customers with a secured credit card after your third timely payment on the Boost Your Score Installment Loan. This is a brand new line of credit, and you’ll be generating positive credit history with each payment on the secured credit card.
This is credit boosting made easy!