Build credit while building savings

The Sable Credit Builder Loan is a type of installment loan where the money you borrow is held in a savings account while you make payments. As you make on-time payments, we report your positive payment history to all three major credit bureaus (Experian, Equifax, and TransUnion). Once you complete all payments, you get access to the full amount you've saved.

No! We don't perform a hard credit check when you apply for the Sable Credit Builder Loan. This means applying won't impact your credit score at all. We believe everyone deserves a chance to build credit, regardless of their current score.

You can start building credit for as little as $10 per month. We offer flexible payment options of $10, $20, or $30 per month. There are no hidden fees, and you get back 100% of your payments at the end of the loan term.

Most members start seeing improvements in their credit score within 3-6 months of consistent on-time payments. Members with a starting score of 560 see an average increase of 60 points over the life of their loan.

We understand that life happens. If you miss a payment, we'll work with you to get back on track. We offer grace periods and flexible options to help you maintain your positive payment history. Setting up automatic payments is the best way to ensure you never miss a payment.

Yes! You can pay off your Credit Builder Loan early at any time without any prepayment penalties. However, keep in mind that the longer your positive payment history, the more it can help your credit score.

Absolutely. Your Credit Builder Loan funds are held in an FDIC-insured account at Cross River Bank, protected up to $250,000. Your money is completely safe and will be returned to you at the end of your loan term.

The Credit Builder Loan can still benefit you! It adds to your credit mix and payment history, which are important factors in your credit score. Many members with good credit use it to maintain or further improve their scores while building savings.