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Credit Building
on Autopilot

  • No Credit Check

  • No Admin or Membership Fees

  • Your Deposit is FDIC Insured

Credit Building
on Autopilot

  • No Credit Check

  • No Admin or Membership Fees

  • Your Deposit is FDIC Insured

Save Money and Build Your Credit

Building credit can be complex. From deposits and credit utilization, it can be hard to know where to start. Cheese makes it easy. You don’t have to put money down upfront, and our credit builder loan helps you build credit faster. 

1. Customize Your Account

Start saving with a credit builder loan of as little as $500, depending on your needs. Choose a term length of 12 or 24 months and turn on autosave. You don’t even have to think about it!

2. Auto Save Builds Your Credit

Use our autosave feature, and we take care of the rest! Your savings are reported to credit bureaus and help improve your score. Meet your credit goal and build your savings at the same time!

Build Credit and Save Money
in 3 Easy Steps

Apply for Cheese Credit Builder

No credit check. No admin fee. Your deposit is FDIC insured.

Build positive payment history

Each payment will be reported to all 3 credit bureaus and added to your savings.

Get your money back

Get your paid off principal back at the end of the loan term, minus the interest.

How Cheese Helps

Payment History

Cheese allows you to show credit bureaus that you can handle consistently making on-time payments. This makes up 35% of your credit score!

Credit Utilization

Cheese doesn't hurt your credit utilization ratio because it's a form of installment credit—not revolving credit like a credit card.

Length of Credit History

The Cheese Credit Builder trade line lasts up to 10 years. A longer credit history provides evidence that you pay back your debts and are reliable.

Account Mix

Cheese Credit Builder diversifies your credit profile by adding a personal loan. Having a mix of credit products brings on 10% of your credit score.

Why Cheese is Better

Cheese is the most convenient and delightful way of building credit.

Repayment Safety Net

We make sure your savings are on time in order to report positively to the credit bureaus. You have the option to terminate the loan earlier if you can't make it.

ONE Account Does It All!

Managing multiple accounts and secured credit card could be confusing and tiring. Cheese keeps everything simple and straight forward.

No Redundant Fees

You don’t have to put money down upfront. No more admin and membership fees. We only charge a fixed and low APR.

What Does It Cost?

Credit builders should be cheap. Cheese only charges the lowest annual percentage rate, and we never charge or hide any other fees. We are committed to bringing the best value to our users.

If you open a $500 loan for 24 months..

Credit builders should be cheap. Cheese only charges the lowest annual percentage rate, and we never charge or hide any other fees. We are committed to bringing the best value to our users.

Check My Local APR Rate

Your Savings are Always FDIC Insured.

The bank services are provided by Synapse's partner banks, Members FDIC. Your account is protected for up to $250,000.

The Rent You Already Paid Can Also Build Your Credit!

Cheese also helps you report your rental history for an instant credit score impact!

Up to 2 Years of Rental History

This one-time report could help you significantly boost your credit score in a short time. This is a great bundle with the Cheese Credit Builder Loan.

Future Rent Payment

Sign up to use your future rent payments to contribute to your credit. Make your rent payments meaningful to your credit score.

Common Questions

01

Why credit builder loan is better than credit builder cards / secured credit cards?

Secured cards require upfront deposits in order to begin using the card and building credit. With Cheese, you don't need to spend extra money or worry about spending over the credit limits which can cause negative impact on your credit score. Moreover, Cheese credit builder loan is also a good credit mix for your credit profile.

02

When can I access my savings?

You will be able to get your savings back when the loan matures. We will automatically transfer your savings back to the bank account you connected.

03

Can I close my credit builder loan?

We know making deposits isn’t always easy. You can contact Cheese customer service support@earncheese.com to close your credit builder loan account and we will report your account as closed in good standing.

What Our Customers Say

“A truly great service”

I was having a hard time getting approved for any type of loan or credit. I didn’t want to put money down for a secured card, and Cheese has made it so easy! No credit checks and the ability to set my own terms for savings. My credit score is already going up!

Tony H.
Establishing Credit

“My credit is on the rise!”

After years of trying to improve my credit score, I decided it was time to get serious because I want to buy a house. Cheese was able to help me reach my savings goal and increase my credit way faster than on my own. Being able to report my rental history gave me an immediate jump in my score!

Jenny L.
Home Buyer

“The best customer service”

Cheese makes everything simple through their app, but it’s great to know that there is support accessible whenever I need it with an actual person on their Live Chat!

Kevin C.
Rebuilding Credit

Apply with Confidence

Download the Cheese mobile app and sign up in under 5 minutes! Join over 50,000+ members using Cheese today!

Apply Now
  • No Credit Check

  • No Admin or Membership Fees

  • Your Deposit is FDIC Insured

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