How Low Credit and Sub Prime financing loans work - Credit Building
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 Published On Premiered Aug 22, 2021

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Fine Print:
We may receive a commission when you click on the links in this video and get a SeedFi Plan. This helps support the
channel and allows us to continue to make videos like this. Thank you for your support!
SeedFi Customers with fewer than three tradelines on their credit profile experienced an average increase to their
Vantage 3.0 credit score from 579 to 624 (+45 points) after six months of on-time payments (data gathered from
Dec'19 through Nov'20).
Savings account provided by Cross River Bank, Member FDIC.
Example Credit Builder Plan: SeedFi charges $1 a month to access the Credit Builder Plan. In a typical Plan, at the end
of one year the consumer would have paid $512 and would have $500 of savings. If you’re trying to shop or compare
this against other credit builder loans that charge an interest rate, the $1 a month is equivalent to a 4.6% APR. SeedFi
will provide the Credit Builder Plan for free after you’ve referred one friend.
Example Borrow & Grow Plan: For example, for a Borrow & Grow Plan where the consumer accesses $3,000 in cash
now and placed $1,500 in savings, the Amount Financed would $4,500, the APR would be 19.99%, the Finance Charge
would be $1,417, the Total of Payments would be $5,917, the Payment Schedule would be 73 biweekly payments of
$80 and one final payment of $77, and the payment schedule would span 34 months.

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