Avoid the Pitfalls of Credit Builder Accounts

Why is this important?

Their Dirty Little Secrets

  • At the end of the so called loan, the account is marked as paid and closed
  • This will cause your Credit Score to drop, loosing all the points you had gained
  • All positive effects of the account disappear
  • You would have just taken 2 steps backwards
  • The amount of money you get back will be 15% less than what you paid

An easy mistake you can fix

Why is Rent Reporting so much better?

Gross profits at the expense of working families

  • One well know credit builder loan service claims to have returned $500 Million in funds to credit builders.
  • This means they have profited close to $100 Million of your money