Self is now offering a $20 cash bonus for each person that you’ve referred towards their credit building service. View more referral bonuses here.
Having a hard time getting credit card or loans because of your bad credit? No worries, Self.inc will give credit builder loans to assist you in bettering your credit score without money.
Read below for more information on Self.inc and their recent bonuses below.
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Self.inc $20 Referral Bonus
Receive a $20 cash bonus for each person that you’ve referred towards Self. This is how it will work:
- Sign up and log into your Self account to get your personal referral code.
- Share your referral link with friends and family
- Gain $10 for every person that applies for a Self credit builder account with your personal referral code.
- Then, make at least one successful payment.
You will not need a Self credit builder account to partake in this bonus. However, you do need to join Self to be eligible. Normally, it will take about 7-10 business days after your referral’s first payment for your bonus to arrive.
Self Credit Builder Account
Self will offer a way to build or rebuild your credit score with their credit builder account. Here’s how it will work:
- Sign up for a credit builder account
- Pay off your credit builder account in 12-24 months depending on what you’ve picked.
- Every on-time monthly payment will help you work on your credit (reported to all three credit bureaus) and adds to your savings. (the principal gets saved in a secure bank account)
- After you’ve paid off your credit builder account, your money is released to you (not including fees and interest).
Their credit builder account will also come with:
- No hard credit pull (no credit score required)
- Complimentary credit score monitoring
- Secure accounts with two-factor authentication
- 256-encryption and fraud detection
To sign up you have to be:
- At least 18 years old
- Be a permanent US resident
- Own a social security number
- Have a bank account or debit card. (prepaid works too)
- No negative ChexSystems report like bounced checks or unpaid fees in the last 180 days.
Self Credit Builder Account Pricing
With Self, they will offer a one-two year term depending on how much you’re willing to pay a month. Normally, the prices range from: $25, $35, $48, or $150. The non-refundable administrative fee varies. However, you will not pay more than $15. Self states that your APR will not go over about 16%.
If your payment is 15 days late or more, there will be a 5% fee of the monthly payment. With payments that are 30 days late or more, it will be reported to the credit bureaus and harm your credit score.
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Conclusion
Overall, if you need help working on your credit score, Self is a great option for you. With their Self Credit Builder, you’ll be able to work on getting a better credit score without any money deposited upfront. Additionally, you’ll receive a $20 cash bonus for every person that you’ve referred towards this credit helper.
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