Will I be denied if I have bad credit or no credit?
We cannot give you an answer until you apply.
The approval process for the credit builder account decision is not based on traditional credit history. Instead, our bank partner uses ChexSystems, a nationwide specialty consumer reporting agency under the Federal Fair Credit Reporting Act (FCRA) that collects information on retail banking history.
If you are concerned that you may have negative marks that will lead to a denial, we recommend you reach out to ChexSystems.
In addition, please note that if you apply for a credit builder account and are denied, your credit score will not be harmed. Neither our bank partners (Sunrise Banks, N.A., Lead Bank, Atlantic Capital Bank, NA) nor Self Lender perform a hard inquiry and therefore your rejection should not impact your credit report.