For many individuals, building or rebuilding credit can feel like an overwhelming and complicated process. That’s where Self Financial steps in. With a mission to make financial tools accessible and empower people to take charge of their credit journey, Self Financial offers innovative solutions that simplify credit building for everyone. Whether you’re starting from scratch or recovering from financial setbacks, Self Financial is here to help you create a solid foundation for your future.
What is Self Financial?
Self Financial is a fintech company dedicated to helping individuals build credit and save money simultaneously. Recognizing the challenges faced by those with little to no credit history or those looking to repair their credit, Self Financial provides user-friendly tools and resources designed to empower users to take control of their financial health. Their offerings include Credit Builder Accounts, the secured Self Visa® Credit Card, and personalized resources to guide users every step of the way.
Tools That Make Credit Building Simple
Self Financial’s products are designed with accessibility and effectiveness in mind, making credit building a straightforward process for users at any stage of their journey. Here’s a closer look at what they offer:
1. Credit Builder Accounts
The Credit Builder Account is a unique financial product that combines saving and credit building. Here’s how it works:
- You open an account and commit to a fixed monthly payment (as low as $25 per month) over a set term (typically 12 or 24 months).
- Each payment is reported to all three major credit bureaus, helping establish or improve your credit history.
- At the end of the term, the money you’ve paid is returned to you (minus fees and interest) as savings.
According to a 2024 TransUnion study, customers who opened a 24-month Credit Builder Account in Q1 2023 and made on-time payments saw an average VantageScore® 3.0 increase of 47 points within 12 months.* This demonstrates the potential for tangible results with consistent effort.
2. Self Visa® Credit Card
Once you’ve made progress with your Credit Builder Account, you may become eligible for the Self Visa® Credit Card, a secured credit card designed to complement your credit-building efforts. Key benefits include:
- No additional deposit required (your savings progress from the Credit Builder Account secures your credit line).
- Activity is reported to all three credit bureaus, further strengthening your credit profile.
- Simple eligibility criteria: an active Credit Builder Account in good standing, three on-time payments, $100 in savings progress, and satisfying income requirements.**
3. Personalized Insights and Support
Self Financial goes beyond products by providing educational resources and customer support to guide users. From blogs and guides to real-time support via chat or phone, the brand ensures that users have the tools they need to succeed on their credit journey.
Why Choose Self Financial?
Self Financial’s approach stands out for its simplicity, accessibility, and transparency. Here are some key reasons why thousands of users trust Self Financial:
- Inclusive Solutions: Self Financial’s products are designed for individuals at all credit levels, including those with no credit history or a poor credit score.
- Dual Benefits: Build credit while saving money—a win-win for users focused on long-term financial health.
- Proven Results: Many users see meaningful credit score improvements within months of using Self Financial’s tools.*
- User-Friendly Platform: With a simple interface and clear instructions, managing your account and tracking progress is hassle-free.
- Commitment to Education: Self Financial prioritizes empowering users with the knowledge needed to make informed financial decisions.
Take Control of Your Credit Journey
Building credit is a vital step toward achieving financial independence, and Self Financial makes the process accessible, transparent, and effective. Whether you’re looking to establish credit for the first time or rebuild after financial difficulties, Self Financial offers the tools and support you need to succeed.
Ready to take the first step? Visit Self Financial today and start building your credit—and your future—with confidence. With Self, building credit has never been simpler.