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Rebuilding Credit With Self Lender, Credit Strong and Extra Credit Cards
In this video, we learn how you can rebuild your credit with Self Lender, Credit Strong, and Extra credit cards.
Self Lender 👉 https://tinyurl.com/y4gqvqn7
- Self lender is a credit card that allows you to borrow from yourself. You initially make payments and as you’re making the payments the payments become your credit limit. For example, if you made a payment of $100 then $100 now becomes your credit limit.
- Everyone is automatically approved
- Reports to all 3 credit bureaus
- No hard inquiries
- No large deposits, No annual fees, and you can cancel or pause it at any time
- You get the money back at the end of your term that you set.
Credit Strong
- An Installment loan as opposed to a credit card (but you get a debit card via mail)
- Similar to self lender your payments become your credit limit.
- As long as they can “properly identify you” you are approved.
- They report your payment history directly to the three major credit bureaus; Experian, Equifax, and Trans-Union.
- You may terminate your Credit-Strong account at any time with no prepayment or early termination fee.
- They offer 2 plans, one at $15 for 1k and another at $30 2k 120 months or 10 years
- No you don’t have to keep it for 10 years but I recommend at least 1 year
Extra
- Builds credit with every purchase
- At the end of every month, purchases made with the Extra Debit Card are tallied up and reported to credit bureaus to help build your credit. (things like your phone bill, rent, etc
- Extra does not check your credit score
- Requirement is bank account that is plaid compatible. Most major banks are.
- They charge a flat $7 a month
- Report to both Equifax and Experian
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