Why is the Credit Builder Program a good solution?
Clients have seen results as little as 3 months, with an increase of more than 50 basis points. Lendle’s Credit Builder Program is the first on the market that extends credit and helps boost your score without having to take out a large loan or go through credit checks. The program is best suited for those who are new to credit such as a student, a new comer to Canada, or if you recently came out of bankruptcy. We find the vast majority of our clients are simply trying to repair credit, which this program is best suited for!
The Credit Builder Program allows clients to take a micro loan of $100 and payback $10 monthly ($120 total payback amount). The loan to payment ratio will create a boost towards your credit bureau. Once you see a boost in your credit score start to receive offers from local banks for more premium based credit products.