Can I pay back my credit builder account early?
You can repay your credit builder account (without any extra fees or penalties) by logging into your Self Lender account and making a one-time payment. You will receive the loan deposit amount, plus accrued interest, minus any amounts due when the certificate of deposit (“CD”) matures after 12 or 24-months. If you decide to close the certificate of deposit prior to maturity you may be charged an early withdrawal penalty.
Please be aware that payment history is the most important factor in your credit score. By paying off the account early, you may not be able to establish 12 or 24-months of payment history with the credit bureaus.