Self is an Android application for building account history while growing savings. It is possible to raise credit score with this service, even with minimum credence or no current reliance value.
Credit builder account
Self does not require loan history and makes no hard check. Users pick a plan, make one time payments and see improvement of the credit score. The system has an integrated tech called VantageScore that provides rate monitoring. Conveniently, direct reports to Experian, Equifax and Transunion credence bureaus are available.
After that, customers can apply for a Visa credit card, a secured tool for building score. It adds a second type of loan to your account report. In addition to the world encompassing payment method, you receive usage monitoring and alerts.
It is worth mentioning that bad history is not removed from your credit report. On the opposite, the improvement is dependent on customers particular cases and financial behavior. Like other banks, Self can inform delinquent payments to loan bureaus, which may negatively impact the score.
For achieving financial freedom from debts, you may try one of the modern budgeting applications, like Mvelopes.
- ability to build payment history to impact your credit score;
- secure encrypted accounts to protect your money and private information;
- the app is free to download;
- compatible with current Android versions.