Brigit subscription required for Credit Builder
A Brigit subscription is required to use the Credit Builder service.
"A Brigit subscription is required."
Brigit Credit Builder
A credit building product that helps users build credit by making monthly savings payments that are reported to credit bureaus as loan payments.
Published Claims (11)
Coastal Community Bank provides Brigit Credit Builder accounts
Brigit Credit Builder accounts are provided by Coastal Community Bank, Member FDIC – NMLS ID 462289
"Brigit Credit Builder accounts are provided by Coastal Community Bank, Member FDIC – NMLS ID 462289"
Credit Builder offers 24-month loans
Brigit's Credit Builder helps users open a 24-month loan with funds kept in a locked deposit account.
"We'll help you open a 24-month loan and keep the funds in a locked deposit account in your name."
Brigit Credit Builder minimum payment is $1 per month
Users can build credit with Brigit Credit Builder by saving as little as $1 per month.
"you can build credit and grow savings by paying as little as $1 a month"
Monthly contributions range from $1 to $25
Users can choose to contribute between $1 to $25 towards their monthly Credit Builder payment.
"Choose how much you'd like to contribute towards your monthly payment—$1 to $25."
Credit Builder deposits are held at Coastal Community Bank
Brigit deposits Credit Builder installment loans into FDIC insured deposit accounts with Coastal Community Bank.
"Brigit arranges a credit builder installment loan for you and deposits it into a FDIC insured deposit account with Coastal Community Bank, Member FDIC"
Coastal Community Bank issues Credit Builder loans
Brigit Credit Builder installment loans are issued by Coastal Community Bank, Member FDIC.
"Brigit Credit Builder installment loans are issued by Coastal Community Bank, Member FDIC, subject to approved underwriting practices."
Credit Builder not available in all states
Brigit's Credit Builder loans are not available in all states.
"Credit Builder loans are not available in all states."
Brigit does not perform hard credit pulls for Credit Builder
Brigit does not perform a hard credit pull or inquiry when users apply for Credit Builder accounts.
"Brigit does NOT perform a hard credit pull or inquiry, and there is no minimum credit score required to open the account"
Payments reported to three major credit bureaus
Brigit Credit Builder reports each payment to Experian, Equifax, and TransUnion credit bureaus.
"Each payment is reported to the three major credit bureaus—Experian, Equifax, and TransUnion."
Credit Builder users can cancel accounts at any time
Users can cancel their Credit Builder loan account at any time, with the loan reported as paid in full.
"we do allow you to cancel your Credit Builder Loan Account at any time. Should you choose to do so, we will report the Credit Builder installment loan as "paid in full""
Topics (0)
No topic categorization yet.
Sources (3)
Corrections & Disputes (0)
No corrections or disputes. All claims are in good standing.