Can I use my Credit Reserve Account to pay off my loan?

While you cannot apply the funds in your Credit Reserve Account toward your loan payments, you may apply the funds in your Credit Reserve Account to pay off your loan in full (the entire remaining loan balance).

After payoff, you can then immediately take out a new Credit Builder Plus loan with your (hopefully) improved credit and receive more funding in your checking account (up to $500) vs. in your Credit Reserve Account. The key point of the Credit Builder Plus loan is to help you improve your credit, and we’re committed to helping you get there and reaping the rewards!

Was this article helpful?
7 out of 17 found this helpful
Have more questions? Submit a request