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

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,…
Budget for Couples
Looking for tips on budgeting for couples? You’re not alone. Managing money as a team can be tough, especially when you and your partner have…
Key Takeaways A “When Can I Retire Calculator” estimates your retirement age by factoring in current savings, income, expenses, lifestyle goals, and investment growth. Key inputs include…

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 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…
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…

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

Everyone runs into money troubles every now and then. According to the Federal Reserve Bank of New York, the amount of household debt has reached…
getting a ,000 loan with bad credit
Key Takeaways If you need $5,000 now with bad credit, your options consist of personal installment loans, secured title loans, and high-interest payday loans, but the…
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…

Quick And Easy Personal Loans Up To $2500*