Your loan proceeds get deposited into an FDIC-insured deposit account in your name that only Brigit is able to access. Brigit uses these funds to pay the remainder of your monthly loan balance. Your contribution can be as little as $1—the difference between the amount you contribute and the amount that is due comes from the $600 loan in the locked deposit account.
At the end of the loan term, your monthly contributions come back to you as savings. The $600 loan will show up on your credit report although you are not receiving the proceeds. This is how Brigit helps you build your credit!