Can I apply for more than one Credit Builder Account?

At any given time, you can only have one active Credit Builder Account. After you’ve successfully completed one Credit Builder Account, you are welcome to re-apply for another account, with a few exceptions. 

To help you build positive credit habits, there is a limit to the number of new Credit Builder Accounts you can open during a certain time period. By continuing to open new Credit Builder Accounts and pay them off quickly, you shorten the average age of your credit accounts, which could damage your credit score. 

Instead, paying on time and keeping your account in good standing throughout the entire loan term could help you get the maximum value from your Credit Builder Account. 

When you are eligible to apply for another Credit Builder Account, you will be able to log into your account and select the “Apply for the Credit Builder Account,” option which will walk you through sign up again.  

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.

Still need help? Contact Us Contact Us