The United States is a credit-driven society. Whether your credit history and credit score are high or not will directly affect many aspects of your life, including applying for credit cards, mortgages and car loans, even job applications and renting a house. There are three major credit reporting agencies (credit bureaus) in the United States: Experian, Equifax and TransUnion. The detailed information in a credit report is mainly used to generate your credit score, including FICO score and VantageScores. The credit establishment loan is a low-risk loan provided by banks and credit bureaus to build your credit. Simply put, it creates a loan record in your name that will help you build & improve your credit score by repaying on time.
Users can apply to receive a credit line with Cheese. After the user applies, Cheese will help you set up automatic installments of “repayment”, that is, an automatic deposit amount into your the Cheese credit builder account. Each timely “repayment” will be included in your credit record and used as the basis for scoring. Access to your credit builder account will be frozen until you pay off your quota. Then, Cheese will return all the money you deposited in your credit builder account and the process will be completed quickly.
There are many ways to establish credit, but credit loans have unique advantages.
-Low threshold: you can apply a valid passport and visa. No credit history needed
-Set it and forget it: simple steps to set up automatic repayment
-Low risk: no need to worry about maxing out the limit
-If you want to start building credit
-If you need to speed up the improvement of your current credit score
-If you want to protect the health of your credit history
To better understand your needs, we kindly ask you to complete the following survey to share with us. Thanks!
Complete Survey