cancel
Showing results for 
Search instead for 
Did you mean: 

Self Lender

runnertoday
Established Member

Self Lender

I'm about to get my discharge from Ch7 so looking into my options to rebuild.  Just so I understand what SelfLender is.  It's basically a secured loan?  It's secured with the loan amount itself?  I like the idea so just curious.

 

 

 

Message 1 of 2
1 REPLY 1
FiresOut
Super Contributor

Re: Self Lender

If you have no other installments it is a good credit rebuild program. They place an amount in an account. Once you pay off the account. Then you get the $. If you already have an installment loan. It wont do much good score wise. It would help by showing on time payments in that regard. FICO likes 3 revolvers and 1 installment for best scoring advantages. Good Luck!

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.