What Is a Credit Builder Loan?

A credit builder loan is a financial product that can help consumers establish a positive credit history. Unlike a traditional loan, borrowers will receive a

Brand

loans like lendumo
Lendmo is an online tribal lender that offers installment loans. Similar lenders to Lendmo include River Valley Loans, Mawka Finance, and Plain Green Loans, which…
Bright Lending
Key Takeaways Loans like Bright Lending are tribal loans with high APRs, appealing to those with poor credit needing fast cash, but their costly repayment terms…

Budgeting

pros and cons of debt relief
When you have more debt than you know how to pay back, it can be incredibly anxiety-inducing. Monthly debt payments might be taking over your…
payday loan vs cash advance
A payday loan vs. cash advance are both ways for people to borrow money from their next paycheck. A payday loan is essentially one type…
shopping loan
Personal loans—types of installment loans—are some of the most versatile loan options available, and you can use them for almost any reason, including shopping. However,…

Credit

apartments for people with bad credit
Having a low credit score makes life more difficult. The bottom line is that getting apartments for people with bad credit takes work. Just like…
realtors that work with bad credit
Owning a home is a dream for many people. It is a financial choice that may provide stability and turn into an investment that can…
View More

Debt

pros and cons of debt relief
When you have more debt than you know how to pay back, it can be incredibly anxiety-inducing. Monthly debt payments might be taking over your…
payday loan vs cash advance
A payday loan vs. cash advance are both ways for people to borrow money from their next paycheck. A payday loan is essentially one type…
how long can a bank restrict your account
Key Takeaways A bank can freeze your account for 2 to 3 weeks on average, but the duration depends on the underlying issue—faster resolution is possible…

Interest Rates

interest rates explained true cost
An interest rate is the amount lenders charge for borrowing money. It’s typically expressed as a percentage of the principal on an annual basis. Interest…
explain the difference between simple interest and compound interest
Simple interest is a way of calculating the interest charge on a loan or investment based on the original principal amount and the interest rate….

Loans

loans like viva finance
Key Takeaways Loans like Viva Finance provide paycheck-secured installment loans that do not require a credit check, and similar alternatives include CreditNinja, Possible Finance, and Earnin. Viva…
loans like crane finance
Loans like Crane Finance include bad credit installment loans, also called bad credit loans. These short-term installment loans were designed for borrowers who need quick…
can i get a loan on my disability check
Key Takeaways Loans are not considered income for SSDI or SSI. However, for SSI recipients, unspent loan funds retained into the next month may count toward…

Quick And Easy Personal Loans Up To $2500*