Instant Cash and Credit builder are different programs with different goals.
If you need money quickly, Instant Cash helps qualifying Brigit Plus members avoid resorting to overdrafts or payday loans. We advance you money, up to your limit for everyday and unexpected expenses and you pay Brigit back automatically at your next payday. Instant Cash is not reported to credit agencies.
Credit builder is intended to increase your credit score by demonstrating positive payment history. Therefore, when we take a loan out in your name, the proceeds are deposited in a new deposit account at Coastal Community Bank and you do not have access to the funds. You pay back the loan over 12 months, in part through you own funds and, if you wish, in part through the funds in the new deposit account. After 12 months, when the loan is fully repaid, all the money that you paid is returned to you. Opening and closing the loan, successful repayments, and miss payments are all reported to the credit rating agencies.
Both programs require a Brigit Plus membership.