I’m married and want to build credit in my own name.
I’m married and want to build credit in my own name.
I want a credit card with a higher credit limit.
I’m new to the US and want to build my credit profile.
I’m rebuilding my credit after a medical, relationship, or financial hardship.
I want to build my personal credit for business.
MAGNUM credit builder savings plans allow you to build large amounts of credit without paying expensive interest on a credit builder loan. The ‘Amount of Credit’ (dollar amount of a loan) determines almost one third of your FICO® credit score, so the larger the amount better.
What is a credit builder savings plan vs a credit builder loan?
While many credit builder loans have interest rates ranging from 7% to 16% or more, MAGNUM credit builder savings plans are interest-free credit builder loans, meaning 100% of every monthly payment builds your credit and savings and none of your monthly payment goes to paying expensive interest.
Interest free credit builder savings plans
Build $12,500, $25,000, or even $50,000 of personal credit and savings in just 25 months with a required monthly savings payment of $500, $1,000, or $2,000. With no interest expense 100% of every monthly payment builds your savings. Your savings are locked during the term of your plan and unlock when you complete your last payment.
Open an account in just minutes.
Your savings are FDIC insured. No hard pull on your credit profile.
Select a plan that fits your budget and objectives.
Your monthly payments are reported to all three credit bureaus.
Once you’ve completed your savings plan, your savings unlock, and the money is yours.
Select your Plan
All accounts have a one-time $25 activation fee.
MAGNUM SP 500
$500/mo
$12,500
Installment account reported
MAGNUM SP 1000
$1,000/mo
$25,000
Installment account reported
MAGNUM SP 2000
$2,000/mo
$50,000
Installment account reported
If you don’t have a stable source of income or savings to consistently make on-time savings payments of $500 or more per month for 25 months, CreditStrong offers three lower monthly payment alternatives:
Large credit builder loans that allow you to build sizeable credit with a lower monthly payment of just $49, $99, $199, or $449, but charge interest on the credit builder loan.
Instantly build $500 of revolving credit with a low annual fee of just $99 and no required monthly payments.
Our entry level credit builder loans with our lowest monthly payments of just $28, $38, or $48 that allow you to build ~$1,000 of credit and savings in just 24, 36, or 48 months.
It really works I've been with them for over a year half and it helped me get approved for bigger loans
Awesome way to actually build your credit score without going through the hassle of a credit card. Highly recommend CreditStrong to anyone looking to improve their credit score while saving some money along the way.
Great way to help a bit with credit score AND help with some savings... I've not used credit for years, so this made good sense to help build and maintain a good score and also have some funds later on...
This site is awesome perfect for saving also growing your credit I recommended creditstrong to many friends
I signed up for CreditStrong's services 5 months ago. All that I can say is WOW!!! It really works, especially, when you're rebuilding your credit. It's a positive trade line that does two things: it gives you an installment account that's also a savings account that pays you once you've completed the plan or cancel at anytime. It reports to all 3 credit bureaus every month. So make your payments on time and watch your credit score soar!!!
Open an account today in just minutes