When you open your credit builder loan, you commit to paying a portion of the monthly payment directly (any amount between $1-$50 for a 12-month loan term, or $1-$25 for a 24-month loan term), with the balance from the loan proceeds in your new deposit account.
The more you commit to pay each month, the more money you’ll save and the more you’ll get back once your loan is repaid in full.
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