Easiest Credit Building Account to Get | No Credit History or Income Needed | 2019 SEPT

This video discusses Credit Builder Loans and why they're an important first step in a credit journey. Additional subtopics include: types of credit, factors that influence credit scores, Consumer Reporting Agencies, and resources used to present this data. This video is for those looking to start with credit or rebuild their credit. Ain't no time like the present.

What are you waiting for???

Credit Builder Loans are a great way to start your credit history because no credit history is needed to get one. Some Lenders, like SelfLender, don't even require you to have income to open one.

Credit Builder Loans won't send your credit score through the roof, but they will establish a great base to build your credit history. Because Lenders report payments, Credit Builder Loans help build your Payment History. The factor that most influences credit scores is Payment History.

As the balance diminishes, the Credit Utilization Ratio shifts in your favor. Credit Utilization is the second most influencing factor affecting credit scores. The reduced ratio presents an opportunity to apply for a starter credit card as your credit score goes up.

Before you know it, more credit offers start to roll in via snail mail and email. Your credit journey is now well under way.

Where will it take you??? Let me know in the Comments where you are in your credit journey!

DISCLAIMER: I have NO affiliation or agreement with SelfLender or any of the other Lenders or Entities discussed in this video.

This video is for informational purposes only. Consult a licensed finance professional or credit specialist as needed.

All information presented here has not been reviewed or approved by any of the Lenders discussed in this video.

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