Credit UX: Starter Loans from Self Lender
Fintech Labs Insights
MARCH 4, 2019
While that sounds nonsensical, it’s actually brilliant for someone looking to establish, or improve, their credit because it shows up on credit bureaus as a “secured installment loan” with payments/payoff helping the user’s credit score. Self Lender’s bank partners, put aside the total of all the monthly payments into an FDIC deposit account.
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