Editor Reviews

Self is an excellent app that can help you improve your credit score and save money. Even if your credit score is low or non-existent, you can start establishing your credit history with their Credit Builder Account. The great thing is that they report to three different credit bureaus and also monitor your credit score for you. Additionally, you have the option to get a secure Self Visa Credit Card, which reports to the same three credit bureaus and is designed to assist you in building your credit. What's even better is that the card's limit is determined by the amount of money you save in your Credit Builder Account. It's a win-win situation!

Self also allows you to enhance your credit score by including payments for rent, cell phone, and utilities. You can conveniently add these payments to your credit history and ensure they are paid on time as usual. This feature is highly secure as it links your bank account to Self, and you have the flexibility to cancel it at any time. For Self customers who consistently make on-time payments, the average increase in their credit score is around 30 points. Additionally, if your credit score is below 600 when you begin, making timely payments can result in an average boost of about 49 points.

The Self Credit Builder Account has a minimum repayment period of 2 years and a maximum interest rate of 15.97% for all loans. The Self Visa Credit Card is issued by Lead Bank or SouthState Bank, N.A., both of which are FDIC members. Credit Builder Accounts are issued by Lead Bank, Sunrise Banks, N.A., First Century Bank, N.A., or SouthState Bank, N.A., all of which are FDIC members. To qualify for the service, you must be at least 18 years old, a U.S. citizen or resident (permanent or non-resident), and have a bank account. Credit scores are only accessible to customers whose information can be verified by Self's third-party vendor.

In essence, Self is a fantastic app that allows you to improve your credit and savings simultaneously. It offers various features such as the Self Credit Builder Account, the secured Self Visa Credit Card, and the option to enhance your credit score by making timely payments for rent, cell phone bills, and utilities. By being a responsible customer and paying on time, you can potentially increase your credit score by an average of 30 points. Even if you start with a low credit score below 600 but continue to make on-time payments, you could see an average increase of 49 points! Additionally, it's important to note that all Credit Builder Accounts are issued by reputable banks like Lead Bank, Sunrise Banks, N.A., First Century Bank, N.A., or SouthState Bank, N.A., who are FDIC members.

Features

Establish your credit history by using Self's loan and credit card. No credit check required!