FinTechs Enabling the Credit Building Landscape

Imagine you wish to purchase a car on loan. However, this is the first time you have considered taking a loan. Till now, all your purchases were paid up front, and you never opted for easy monthly installments. How do you assure the loan provider that you are not a credit risk when you do not have a credit score? Enter credit-builder loans. These loans offer the uninitiated a chance to build a loan repayment record, thereby enabling easy loan access.

Credit-Builder Loans – An Introduction

Credit-builder loans help people who have little or no credit history build a credit record. Good credit scores not only open up the world of credit cards b …