So, you are interested in marketing credit builder accounts…..
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First, lets explain what A Credit Builder Account is. A CBA is usually designed for someone who is looking to build credit history.
This is the typical process (Each account may vary) The applicant would review the term and conditions of the offer, and then apply for the credit builder account. Usually the bank will open a CD or a savings account for your connected to the program. Then the customer would start making regular payments of interest to the bank and principal payments to the account. Those payments would be reported to the credit bureaus that the bank participates in. As long as you make your payments on time, this can assist the account holder with building credit history! Once the program is completed, you will have a cd or savings account with the balance you save when making payments to the program!
Credit Builder Accounts are a great option for people with bad credit, no credit, or simply looking to build more credit history. Why would you want to build your credit history? That’s another topic that you can read about here: Why would I want to build a credit history?
If you have interest in marketing credit builder accounts / loans then become a partner with CreditCardBroker.com.
Visit our Partner With Us Page for more information or to get started fast fill out this Partner Application form
Did you know that you can also market a product that reports to the three credit bureaus when you pay for subscriptions such as Netflix, Amazon Prime, and more? Learn more here: Subscription Credit Builders