The Credit Builder loan is there to help you report payment activity to the credit bureaus, not to give you access to the funds.
Here’s how it works:
When you open your Credit Builder Account, the credit builder installment loan is reported to the credit bureaus. As long as you save each month, Brigit reports to the credit bureaus payment activity on the loan. This helps you establish payment history, which is a major factor in calculating your credit score.
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