Remynt partners with Upwardli to offer a $2,000 credit builder line* opened in your name to report your monthly payment. This limit does not grant access to funds, but it serves as the basis for showing utilization based on your agreed upon payment. You are also able to access your credit score and its progress, as well as a suite of personal financial management tools to create budgets, set alerts, and more.
For subscription customers: The $10 subscription fee is used as the basis for building credit, showing $10 borrowed and repaid against the $2,000 credit builder line.
For customers repaying debt through Remynt: This line is used to report your monthly debt payments against it. You make your scheduled payment to Remynt, and Upwardli reports your payment activity to the credit bureaus. Any missed payment may result in a late payment being reported to the credit bureaus, so make sure to change your payment plan if your financial situation changes.
*This line does not have a cash value; no money can be withdrawn from it.
The Credit Builder product is issued by Cross River Bank, a New Jersey State Chartered Commercial Bank. Member FDIC. Equal Housing Lender.
Upwardli is a financial technology company, not an FDIC-insured bank. Lines of credit and deposit provided by Cross River Bank, FDIC. Deposit product is FDIC-insured up to $250,000 through Cross River Bank. Line of credit is not a deposit product.