How to Build Credit And Save At The Same Time
I'm all about health in all aspects. Being financially healthy is just as important as being physically healthy.
I found Self Lender and opened a credit builder account.
Its basically a “loan” you pay to yourself. At the end of the 12 month period Self Lender will mail you a check with the amount you’ve saved all year or you can keep the CD open until maturity date. So you’re paying into a savings account. The best part about it is, It builds credit as they report to all three bureaus EVERY month!
Its basically a savings certificate that builds your credit. I personally contribute $48 a month to my CD. it showed up on my credit report within 2 months.