Your monthly payment of $5 is so we can report to your credit file and help you improve your score.
If you have paid a $5 interest payment, then we have already reported this to your credit file and you have received the benefit of the loan.
When you make your scheduled interest payment towards your CreditBuilder account, we share this information with Experian, one of the leading credit bureaus in the U.S., known for its comprehensive and reliable credit reporting. You can log into your Experian account to verify that we have been reporting your CreditBuilder payment(s).
However you can cancel your account at any time via your account.
We are always happy to help, click here to contact us.