Description
Credit Strong Reviews – Round Up:
Quick Stats:
About Credit Strong
Credit Strong is a service where users can build their credit score by making regular payments into a specially created loan account. Funds are locked into this FDIC insured account and the user then makes small monthly principal and interest payments.
At the end of the term, the user with have both built up their credit score by making regular credit payments, and will have also built capital within the savings account – a double win. Testimonials from clients state that making their first payment has seen their score increase by 50 points. The user can additionally track their current score with a free monthly FICO check, all as part of the CreditStrong service.
From the Credit Strong website:
Credit Strong is a division of Austin Capital Bank, a 5-star rated independent community bank and member of the FDIC. We have grown to be one of the preeminent community banks in Central Texas and a national leader in responsible financial services innovation.
We don’t have ‘Bank Level’ security. We have BANK security. As a bank, we work directly with all three major bureaus. Monitor your FICO score 24/7 and track your progress.
Mona –
Good service but be aware there’s a non-refundable fee of $25.
Jay Y –
Read the fine print!! The cost are insanely high! Go get a secured credit card instead!
Joan –
A smart system that works improved my score in few months
PG –
My application took less than 10 minutes and there was no hard pull on my credit info so no damage to my existing score from the get-go. This is NOT the case with other companies I looked at. The application fee was very fair less than 10 bucks and a fair interest rate on the money I borrowed to create the account. I’m 5 months into a 24 month period and have seen a 40 point improvement which is also good and I know will improve more by the time I’m paid off and gotten the money out. This is overall a very low cost way to “self repair” a damaged credit score and will cost me less than $100 in total versus the high fee other services charge.
Cairn –
Very clever way to improve FICO without the risks of taking out a credit card. Easy to understand and easy to track progress and I’m looking forward to my lump sum at the end!