Brigit Credit Builder | Verified Entity Profile
A credit building product that helps users build credit by making monthly savings payments that are reported to credit bureaus as loan payments.
Verified Claims about Brigit Credit Builder (11)
Verified Claim: Brigit subscription required for Credit Builder
A Brigit subscription is required to use the Credit Builder service.
Verified Claim: Coastal Community Bank provides Brigit Credit Builder accounts
Brigit Credit Builder accounts are provided by Coastal Community Bank, Member FDIC – NMLS ID 462289
Verified Claim: Credit Builder offers 24-month loans
Brigit's Credit Builder helps users open a 24-month loan with funds kept in a locked deposit account.
Verified Claim: Brigit Credit Builder minimum payment is $1 per month
Users can build credit with Brigit Credit Builder by saving as little as $1 per month.
Verified Claim: Monthly contributions range from $1 to $25
Users can choose to contribute between $1 to $25 towards their monthly Credit Builder payment.
Verified Claim: Credit Builder deposits are held at Coastal Community Bank
Brigit deposits Credit Builder installment loans into FDIC insured deposit accounts with Coastal Community Bank.
Verified Claim: Coastal Community Bank issues Credit Builder loans
Brigit Credit Builder installment loans are issued by Coastal Community Bank, Member FDIC.
Verified Claim: Credit Builder not available in all states
Brigit's Credit Builder loans are not available in all states.
Verified Claim: Brigit does not perform hard credit pulls for Credit Builder
Brigit does not perform a hard credit pull or inquiry when users apply for Credit Builder accounts.
Verified Claim: Payments reported to three major credit bureaus
Brigit Credit Builder reports each payment to Experian, Equifax, and TransUnion credit bureaus.
Verified Claim: Credit Builder users can cancel accounts at any time
Users can cancel their Credit Builder loan account at any time, with the loan reported as paid in full.