Key Features of the Self App:
- Free Rent Reporting: Improve your credit score by reporting rent payments to all three major credit bureaus (Equifax, Experian, and TransUnion). This builds crucial positive payment history.
- Credit Builder Account: Simultaneously grow your credit and savings. Plans start at $25/month, with savings accessible at the end (less interest and fees). No credit check required.
- Secured Self Visa® Credit Card: Work towards obtaining a secured Self Visa® Credit Card through the Credit Builder Account. Use it anywhere Visa is accepted in the US. No credit check needed; you control your credit limit.
- Bill Reporting for Credit Building: Further enhance your credit by reporting cell phone, utility, and other bills (monthly fee applies). Report up to five payments monthly, plus enjoy TransUnion credit monitoring and $1 million identity theft insurance.
- Proven Credit Score Improvement: Users with Self Credit Builder Accounts starting below 600 and making timely payments see an average 49-point credit score increase.
- Self Visa® Credit Card Access: Eligibility requires a Credit Builder Account in good standing, three on-time payments, $100+ in savings progress, and meeting income requirements.
In Conclusion:
Self provides a comprehensive solution for credit building and improvement. Reporting rent and bills, combined with the Credit Builder Account, establishes positive payment history and boosts your credit score. Access to a secured Self Visa® Credit Card further enhances your credit profile. With the potential for significant credit score improvement, Self is a powerful tool for taking control of your financial well-being. Download Self and begin your credit journey today!
