Once the initial setup fee and paperwork are received your account will be forwarded to our finance company. Within 3 business days you will receive a call to confirm your account details prior to reporting the account to the credit bureaus. From that point, you make monthly payments to our finance company which are equal to 10% of the balance + the monthly maintenance fee on the account (ex. $1,000 limit account = $20 (10% of $200 balance) + $29 monthly fee = $49/mo.).

Once the initial setup fee and paperwork are received your account will be forwarded to our finance company. Within 2 weeks you will receive an account statement via US Mail to confirm your account details. From that point, you make monthly payments to our finance company.

Accounts take an average of 30-60 days to post to your credit reports, which is comparable to the time it takes for any new account to reflect on your credit file.

$1,000 account - $1,000 limit - $200 balance

$2,500 account - $2,500 limit - $300 balance

$5,000 account - $5,000 limit - $400 balance

$7,500 account - $7,500 limit - $500 balance

$10,000 account - $10,000 limit - $600 balance

$5,000 account - $5,000 limit - $5,000 balance

$10,000 account - $10,000 limit - $10,000 balance

$25,000 account - $25,000 limit - $25,000 balance

$50,000 account - $50,000 limit - $50,000 balance

 

As you make monthly payments your balance will be reduced by the amount equal to your monthl payment.

By nature all installment accounts (ex. car loans, student loans, etc.) start with a full balance. Our account will not lower your credit scores (just like a new car loan would not lower your credit scores) like a maxed out credit card would because it is a different type of credit account all together. The benefit of this type of account is that it allows you to develop a history of on-time payments and gives you a good blend of different types of credit accounts, which is required to generate the highest possible credit scores.

Your account(s) will be reported by one of the consumer finance companies we do business with. You will receive information on who has been assigned your account(s) within a week of sign up.

This cannot be determined as there are so many factors that are considered when the credit bureaus calculate their credit score. The score increase will be comparable to if you added an unsecured credit account or a installment account from a major financial institution.

Having a sufficient number of open trade lines (4+ accounts) is required to have high credit scores and qualify for most large loans. Our accounts allow you to add available credit and develop a positive payment history with the major credit bureaus.

No. We do not check your credit as part of our approval process. As long as you are over 18 years of age and a US citizen with a valid Social Security Number (SSN) you are approved (we do validate all Social Security Numbers and if your SSN cannot be validated you are required to provide us with a copy of their Social Security Card prior to reporting your account to the credit bureaus).