It happens too often: you’re still a week away from your next paycheck when a pipe bursts in your home or your car needs a new transmission. Now, you’ll need to find money to cover the repair. You try searching for personal loans, but it’s a slow process, and your FICO Score is too low to find reasonable offers.
Seedfi is the solution to your problems. Seedfi allows you to create a nest egg for yourself, boost your credit score, and provide you with access to a $4,000 cash advance if you need it. Here’s how Seedfi works:
1. Open An Account With No Credit Checks & Boost Your Credit Score
Seedfi is perfect for people looking to build or re-establish their credit. The Credit Builder Plan from Seedfi allows you to open a savings account that builds your credit score.
When you start your plan, you are actually “loaning” yourself money each month. It sounds weird, but it’s actually a genius move! You set the amount you want to save and pick the timeframe (six months or up to two years) in which you want to save it. There are NO upfront credit checks, and all your payments are reported to all three credit bureaus. When you’re finished, you have a nest-egg savings account that is FDIC insured, and t and possibly a 45* point credit score increase.
2. Get Access To $4,000 If You Need It
Financial emergencies put stress on our emotions and bank accounts. You might have considered taking out a personal loan to cover your costs but searching for loans is complicated and time-consuming. When you have less than perfect credit, getting a loan can be nearly impossible.
That’s why Seedfi may give you access to their “Borrow & Grow” program. Their Borrow & Grow Plan allows you to access up to $4,000 while also building your credit.
SeedFi’s Borrow & Grow Program is a combination between a short-term loan and a credit builder loan. It gives you quick access to funding (if approved, you can get cash in as little as 24 hrs) while building your history. Plus, having a savings account can help you avoid debt in the future. Its rates are closer to what you’d find with a personal loan than other bad-credit options — and there are no fees.
Payments are due twice a month, but they’re synced up with your pay schedule to help you avoid a late fee.
Whether your car’s broken down or you’ve made an unexpected visit to the doctor, Seedfi’s “Borrow & Grow” program can help you weather a financial storm.
3. Built For You, By People Just Like You
There’s a significant difference between Seedfi and other financial companies that might offer to “help” you: Seedfi actually cares about its users.
Seedfi founder Eric Burton created SeedFi based on his own experience of growing up in a low-income family with poor credit and limited access to cash. “Growing up in a low-income family, seeing my parents fight to keep the lights on and food on the table, barely making ends meet while putting myself through college, and struggling to improve my own bad credit score. After getting out of debt, building my savings, and working in the credit industry for over ten years, SeedFi is the solution I always wanted for these problems.”
It’s hard to believe, but it’s true! Seedfi is THAT company that anyone with a FICO score below 700 or earns less than $65,000 should join!