Frequently Asked Questions YOU'VE GOT 'EM - WE ANSWER 'EM
General Questions
Boost Your Score (BYS, LLC.) is a non-bank fintech company that provides consumer credit products through an online platform. These products are offered by FDIC-insured banks and are part of a credit builder program. The Boost Your Score Installment Loan allows borrowers to establish a positive payment history by making timely loan payments. The Boost Your Score Secured Credit Card becomes available to borrowers after they have made three payments on the Installment Loan. Timely payments on the Secured Credit Card are also reported to help build positive payment history.
As a non-bank fintech company, Boost Your Score offers credit products (the Boost Your Score Installment Loans and the Boost Your Score Secured Credit Card) that are provided by FDIC-insured partner banks through an online platform. Your Boost Your Score Installment Loan funds are maintained in a deposit account held by one of our FDIC-insured banking partners. Your Boost Your Score Secured Credit Card is secured by funds held in a deposit account held by one of our FDIC-insured banking partners. The Deposit Accounts securing your Boost Your Score Installment Loan and your Boost Your Score Secured Credit Card are FDIC-insured for up to $250,000 through one of our banking partners. For more information, please refer to the account disclosures.
Yes, you may make paper check payments by mailing your payment to:
BYS, LLC.
6320 Brookside Plaza Suite 524
Kansas City, MO 64113
We apologize that you feel the need to submit a complaint. At BoostYourScore.com, we take pride in offering the highest quality credit boosting platform along with exceptional customer service.
If you wish to file a complaint, you can contact us by email or in writing:
Email:
Easy@BoostYourScore.com
Writing:
6320 Brookside Plaza
Suite 524
Kansas City, MO 64113
Yes. A requirement of the BoostYourScore Credit Boosting Platform is having an active checking or deposit account.
As every user's situation is different, we cannot guarantee specific outcomes from our program. However, it typically takes an average of three months for many users to see a change in their credit score.
The key is to be patient and ensure timely payments each month. Consistently making successful, on-time monthly payments is critical to helping you build credit, as payment history accounts for 35% of your FICO credit score.
Credit Builder Loan Questions
Your Boost Your Score Installment Loan payments will usually show up on your credit report about 60 days after your first due date. This is because credit data is collected at the end of each month and sent to at least one of the credit bureaus at the beginning of the following month. Although it is ultimately up to the credit bureaus when they post the data, they usually do so within 15 days of receiving the credit information.
We recommend selecting the boost option that aligns with your monthly budget. It's important to keep in mind that payment history is the most significant factor in determining your FICO score, accounting for 35% of it.
Our current options are all for a 12-month term. Once you pay off your loan, you have the option of keeping your Boost Your Score Secured Credit Card (secured by the loan amount) or canceling it and getting the money back that you paid into the loan (minus interest, fees, and any balance you may owe on your Boost Your Score Secured Credit Card).
The Boost Your Score Installment Loan is an installment loan with a fixed end date, where the Loan funds are held in an FDIC-insured deposit account at one of our bank partners.
Here's how the Boost Your Score Installment Loan works:
At no cost, you can apply for a Boost Your Score Installment Loan (and at the same time, you are applying for a Boost Your Score Secured Credit Card) online at BoostYourScore.com. You use a single application to apply for both.
If your application is approved, one of our bank partners will lend you an Installment Loan. We offer three different levels: $650, $850, and $1100. The Loan funds will be held by the bank in an FDIC-insured deposit account when the Loan is opened. The Loan funds only become available to you as you pay back your Loan (minus interest, fees, and any outstanding balance owed).
Starting with your first due date, you will need to start repaying the Loan by making equal installment payments over the 12-month loan term.
Every timely payment you make will be reported as positive credit history and will contribute to your payment history, which makes up 35% of your FICO credit score.
The Secured Credit Card will be issued to you after you make three payments on your Loan. The principal amount of each Loan payment secures the Secured Credit Card. The Boost Your Score Secured Credit Card is considered a new line of revolving credit, and you’ll be generating positive credit history with each timely payment on the Boost Your Score Secured Credit Card.
After 12 timely monthly payments on your Installment Loan, your 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 Installment Loan, minus interest, fees, and any outstanding balance owed on the Boost Your Score Secured Credit Card.
It's important to note that the Boost Your Score Loan does not provide immediate access to funds. The Loan funds only become available to you as you pay back your Loan (minus interest, fees, and any outstanding balance owed).
After 12 timely payments on your Boost Your Score Installment Loan, your Boost Your Score Installment Loan is paid off. You can keep your new 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. Please refer to your Boost Your Score Installment Loan Agreement for details about the timing of disbursement.
The Boost Your Score Installment Loan Payout refers to the total amount of money you have paid into the Boost Your Score Installment Loan after making your 12 timely Loan payments minus interest, fees, and any outstanding balance owed on the Boost Your Score Secured Credit Card. After your Boost Your Score 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.
The Boost Your Score Installment Loan is not a traditional loan; you do not receive the money from your loan up front. The Loan funds will be held by the bank in an FDIC-insured deposit account when the Loan is opened. The Loan funds only become available to you as you pay back your Loan (minus interest, fees, and any outstanding balance owed).
The Boost Your Score Credit Boosting Program includes a Boost Your Score Secured Credit Card after you make threepayments on your Loan. The principal amount of each Loan payment secures the Boost Your Score Secured Credit Card.
After 12 timely monthly payments on your Boost Your Score Installment Loan, your 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. Be sure to read the Loan disclosures regarding disbursement details.
Why is this how the program works? The Boost Your Score Installment Loan is designed to help you build savings and establish positive credit history, which can help build your credit score. If you are considering paying your Loan off early to receive the funds sooner, please be aware that payment history is the most important factor in determining your credit score. By paying off the Loan early, you may not be able to establish as much payment history with the credit bureaus.
Secured Credit Card Questions
To report your credit score building credit card as lost or stolen, please call us at 800-259-1270
If you have an outstanding balance on your Boost Your Score Secured Credit Card when your card is closed, the security deposit funds used to secure your Boost Your Score Secured Credit Card will be utilized to pay off the outstanding balance owed. The remaining security deposit funds after paying off your outstanding balance will be disbursed to you within 60 days of closing your Boost Your Score Secured Credit Card.
If you don't have any outstanding balance when the card is closed, the entire amount of the security deposit funds will be disbursed to you within 60 days. To understand the release of these funds and other related details, please refer to your Boost Your Score Secured Credit Card Agreement.
To cancel/close your secured credit card, please call us at 800-259-1270.
Please note, once you close your secured credit card, you may not re-open the card in the future.
To lock your Boost Your Score Secured Credit Card, please call us at 800-259-1270.
The BoostYourScore Credit Boosting Program offers two primary products: the Credit Boosting Loan and the Credit Boosting Secured Credit Card.
Upon approval for a Boost Your Credit Score account, you're automatically approved for both products. However, before the Secured Credit Card is issued to you, you must successfully make at least three payments on your Credit Boosting Loan.
Have more questions? Don't hesitate to reach out and let us know how we can help!
Pick Your Boost Boost Your Credit at Your Pace
Choose your credit boosting commitment level
- Positive Payments Reported to Credit Bureaus
- Access to a Secured Credit Card
- Total Of Payments
- Get Back
- Average Monthly Interest
Estimated Annual Percentage Rates and Estimated Interest Rates are based on a repayment schedule of 12-monthly payments with 38 days to first payment and 30 days between subsequent payments. Changes to the aforementioned repayment schedule will impact actual Annual Percentage Rates and Interest Rates.
- Positive Payments Reported to Credit Bureaus
- Access to a Secured Credit Card
- Total Of Payments
- Get Back
- Average Monthly Interest
Estimated Annual Percentage Rates and Estimated Interest Rates are based on a repayment schedule of 12-monthly payments with 38 days to first payment and 30 days between subsequent payments. Changes to the aforementioned repayment schedule will impact actual Annual Percentage Rates and Interest Rates.