SELF Credit Builder Account Review 2024: Build Credit History, Self Visa Credit Card, Rent & Utilities Reporting, & Change Your Credit Future Today

The Self Credit Builder Account has assisted many users on their journey to establishing good credit. Credit is an obstacles that has held many people back from accomplishing a multitude of items across history. The purpose of this video is to determine if this financing brand can be useful to everyday credit seekers, and what are the expectations. First we must see exactly what we are getting out of this product. Finally the user must make a personal decision and determine if it fits into their credit plan.

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Self offers its users a Credit Builder Account, Visa Credit Card, Rent & Utilities Reporting. Each item offered has its own benefits and requirements. To truly understand Self's purpose you must dissect each item individually, and then as a full package. Now lets dive into the thought process of Self Finance.

The Self Credit Builder Account is a loan in a bank held Certificate of Deposit (CD) that you pay off monthly. Each on time payment is reported to all 3 Credit Bureaus, and helps toward building credit and credit history. A CD allows you to save money with less risk over a fixed amount of time. This account is FDIC insured, so if the bank fails you can still get your money back. You can take your money out early anytime, but there will be a fee.

The initial credit builder account comes with Free Rent Reporting which allows you to get credit for making rent payments. There is a second option where you pay a monthly fee to get Cell Phone & Utility Bills reported as well.

The Self Visa Credit Card allows you to access some of your savings for Credit use. You must meet all requirements before accessing this account. First you must have an open Credit Builder Account. Then you must make 3 monthly payments on time, have $100 or more in savings progress, add your income and expenses, and keep your account in good standings.