What is a Credit Builder loan with Brigit?

A Credit Builder loan with Brigit is an installment loan that helps you build payment history, the most crucial factor for your credit score. 

The difference between a Credit Builder loan with Brigit and a traditional loan is that the loan proceeds are held in a secure deposit account that we open in your name and can be used to help pay a portion of each monthly payment. This allows you to minimize the amount of money you need to contribute each month while still demonstrating positive payment history against a larger loan.

We report every payment you make to the three major credit bureaus, helping you build up your credit by establishing positive payment history.