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

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,…
building a yearly budget
Consumers can make a yearly budget by calculating their net income, setting a monthly budget, tracking their spending, and making a financial plan. By making…
how to get rid of car with negative equity
Car owners can reduce the amount of negative equity on their cars by paying off their auto loan, fixing any existing damage to their cars,…

Credit

how to build credit from nothing
If you’re starting from scratch with no credit history, don’t worry, you’ve got options. You can build credit from nothing by getting a secured credit…
personal loans for credit score under 600
Key Takeaways Loans for a 600 credit score are available, including payday loans, secured loans, and peer-to-peer loans, though they often come with higher interest rates…
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Debt

how to deal with debt collectors when you can't pay
You can deal with debt collectors when you can’t pay by contacting the Consumer Financial Protection Bureau, working with a credit counseling organization, or taking…
how to get rid of car with negative equity
Car owners can reduce the amount of negative equity on their cars by paying off their auto loan, fixing any existing damage to their cars,…
How to Get a loan with no income
Key Takeaways Getting a no income loan is possible if the borrower shows proof of other forms of income, such as Social Security, rent, or unemployment…

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

Personal Loans for Wedding Expenses
Personal installment loans for wedding expenses give borrowers the money they need upfront to plan their big day. A personal loan typically provides a few…
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,…
loans like best egg
Surprise bills can pop up at any time and deplete your budget. For example, your car may break down and need immediate repairs. According to…

Quick And Easy Personal Loans Up To $2500*