By opening a Credit Builder Account and paying monthly, on-time, you can build a positive payment history. This can lead to a better credit score.
In return, this can lead to more and better approval terms than someone with bad or credit.
RMG GROUP Credit Builder Accounts help you build credit history with three different credit bureaus in 12-24 months. It's a simple alternative to a credit card.
We get it! Life happens, and sometimes your credit takes a hit. RMG GROUP Credit Builder is here to help get you back on track.
Sample products are:
$27.00 monthly loan payment at a $525 loan amount with a $10 administration fee,24 payment fees of $5.00, 24-month term and 0% Annual Percentage Rate
$51.25 monthly loan payment at a $545 loan amount with a $10 administration fee,12 payment fees of $5.00, on a 12-month term and 0% Annual Percentage Rate
$89 monthly loan payment at a $1000 loan amount with a $10 administration fee, 12 payment fees of $5.00, 12-month term and 0% Annual Percentage Rate
$172 monthly loan payment at a $2000 loan amount with a $10 administration fee, 12 payment fees of $5.00, 12-month term and 0% Annual Percentage Rate. Please refer to www.rmgcreditbuilder.com/pricing for the most recent pricing options.
1 Credit Builder Account — proceeds are held in a loan account until maturity.
2. Results are not guaranteed. Improvement in your credit score is dependent on your specific situation and financial behavior. Failure to make monthly minimum payments by the payment due date each month may result in delinquent payment reporting to credit bureaus which may negatively impact your credit score. This product will not remove negative credit history from your credit report.
†Review provided by the customer to RMG GROUP Credit Builder LLC. directly. The comment above is related to individual experiences or results. Your results may vary.
All Credit Builder Accounts made by either RMG GROUP Financial, LLC, Member NFRA, Equal Housing Lender, or RMG GROUP Credit Builder, LLC. Subject to ID Verification. Individual borrowers must be a U.S. Citizen or permanent resident and at least 18 years old. Valid bank account and Social Security Number are required. All loans are subject to consumer report review and approval.