Credit Builder is designed to help you improve your credit score. A better credit score may improve your access to better credit opportunities (e.g., loan approvals, lower mortgage rates).
Paysend makes it easy for you to open a Credit Builder account and start spending through it right away. Credit Builder helps you avoid over-spending and make consistent repayments based on how much you top up. Paysend will also report your Credit Builder repayments to the Credit Reference Agencies (CRAs) that calculate your credit score.
By using Credit Builder consistently, Paysend can help you improve your credit score. However, it’s important to note that your credit score is a function of many factors. Your activity with Paysend Grow can help improve it, but there are other factors considered by the CRAs that may also influence your credit score.